Yesterday I predicted that technically insolvent fraud Supply@ME Capital (SYME) would fail to receive its scheduled $1,200,000 from technically insolvent fraud Nuburu Inc (US:BURU). and this morning Supply has fessed up that the payment was not received. I imagine that wth alessandro Zamboni running both firms this was not a last minute shock.
In its RNS of 2 July, the insolvent fraud Supply@ME Capital (SYME) announced the payment of $300,000 from the insolvent fraud Nuburu (US:BURU) that was overdue and announced a revised schedule of funding from Nuburu of which $1,200,000 was due on or before 15 July.
Nuburu (US:BURU) has been busy scrabbling around trying to find the cash to pay its various obligations including the $300,000 is recently paid Alessandro Zamboni’s insolvent fraud Supply@Me Capital (SYME). On 1 July it filed two form 8Ks announcing the latest deals it has entered into. The first is another transaction connected with preference shares already issued by the company and in existence at 31 December 2024.
Insolvent fraud Nuburu (US;BURU) has now paid the $300,000 that was due on or before 23 June and as set out below promises to make the remaining payments on schedule
According to the 2023 Annual Report from the insolvent fraud Supply@Me Capital (SYME) at 19 April 2024, there were 17 employees comprising 16 permanent and fixed term contractors and 1 day rate contractor (excluding the independent Directors).
According to its RNS of 11 June when it fessed up that insolvent US fraud Nuburu (US:BURU) was $2 million in arears on its $5,150,000 on its On Demand Facility, the insolvent UK fraud Supply@ME Capital (SYME) is due to receive $300,000 on or before Monday 23 June under the revised funding plan. The RNS included the following text suggesting payment was dependent on the events occurring at Nuburu:
In today’s dismal announcement the insolvent fraud Supply@ME Capital (SYME) indicated that between 2 and 11 June it had received the final $130,000 of funding originally due by 31 March 2025 from related party insolvent fraud on Nasdaq Nuburu (US:BURU). Nuburu still owes $2,000,000 due on end of April and May. Nuburu which is obviously strapped for has also rescheduled other payments, so that full funding is now due by 20 September as opposed to 31 August 2025.
In today’s RNS, technically insolvent Supply@ME Capital (SYME) ‘fessed up that the $1 million due on 31 May under its funding facility had not been paid by cash strapped and technically insolvent Nuburu (US:BURU). Nuburu is now $2,130,000 in arrears on its Supply on demand funding
The recent RNS from Caracal Gold (GCAT) publishing the audited results for the year to 30 June 2024 was interesting because it contained a rare disclaimer of opinion on the financial statements by the auditors RPG Crouch Chapman in respect of the the lack of sufficient and appropriate audit evidence to support the going concern basis of preparation adopted by management which if inappropriate would have highly material impacts on the accounts.
As JD Vance has, correctly, pointed out Europe has a bit of a problem with free speech. One aspect of this is a law applied in the UK as well as in the Evil Empire, but created by the EU which allows crooks to hide their activities from a google search.
Accounts from the insolvent fraud Supply@ME Capital (SYME) are now 19 days overdue and it is still insisting that is down to auditors Bright Grahame Murray making final checks. I have written to BGM’s managing partner Robert Moore flagging up weekend revelations and why he must now resign and make it clear that the accounts cannot be signed off
Oh dear, oh dear, as disgraced ex tipster Mike Walters would say when yet another of his share tips was shown to be an insolvent fraud. Supply@ME Capital (SYME) is an insolvent fraud and its shares are suspended as tinpot auditors Bright Grahame Murray have still not signed off on the books. Now it has another problem. A big one!
Shares in the insolvent fraud Supply@ME Capital (SYME) have now been suspended for 13 days because of its failure to get tin pot auditors Bright Grahame Murray to sign off on what will be a work of fiction, that is to say the calendar 2024 accounts. Supply insists this is just last minute bean counting, the reality is that Bright will not sign off an insolvent company’s books when the only source of funding is Nuburu (US:BURU) which is itself insolvent and has welched on agreed funding commitments. Will the latest filing from Nuburu hoodwink Bright unto signing off?
It is a fraud. It is run by a liar. It is technically insolvent. And its shares are suspended as tinpot auditors Bright Grahame Murray still, quite rightly, will not sign off on its accounts. And now another rat has jumped from the sinking Supply@ME Capital (SYME) ship.
This morning, Alessandro Zamboni of Supply@ME Capital (SYME) explained in an RNS that Nuburu (US:BURU) where he is Executive Chairman is “facing certain technical and regulatory limitations in complying with the original payment schedule”. Apparently Supply ( Alessandro) is, according to the RNS talking to Alessandro on behalf of Nuburu. Whatever…
