Supply@Me Capital finds new (tin pot) auditor, shares rocket, Dr Johnson springs to mind

Dr Johnson once said that a woman preaching is like a dog standing on two legs, she does it badly but one is amazed that she can do it at all. Oh for the days before political correctness landed me with an awful vicaress here in Wales. I thought it inconceivable that Supply@ME Capital (SYME), being an insolvent fraud would find a new auditor. But it has and the shares are rocketing as folks think that a share suspension on April 30 is now avoided.

Supply@ME Capital (#SYME) – “appointment of Bright Grahame Murray as the company's new auditor”. Already a lack of due diligence from it then!

The £300m FRAUD Supply@Me Capital forced by old TW to ‘fess up that its largest shareholder and working capital provider is bust

Prompted by the FCA after my expose and letter last week, Supply@ME Capital (SYME), in a “funding update” finally fessed up that Alessandro Zamboni’s The Avantgarde Group SpA (TAG) is insolvent. The note makes clear that the insolvency is due to historic loans to Dominic White’s Eight Capital Partners (ECP) and IWEP Limited. It should really have been called a lack of funding update.

Supply@ME Capital (#SYME) – admits @tomwinnifrith expose re. TAG “restructuring procedure”, “actively exploring” its funding options!

Letter to the FCA about criminality and insolvency at the fraud Supply@ME Capital

Following yesterday's bombshell expose about the fraud Supply@ME Capital (SYME), the snot gobblers at the FCA have still done nothing to protect investors. This is a half a billion quid scandal as I explained 24 hours ago HERE. I have dropped the FCA a note as you can see below.

BREAKING BOMBSHELL EXPOSE: Supply@ME Capital – TAG now in formal insolvency process in Italy, Supply shares MUST be suspended NOW!!

The fraud Supply@ME Capital (SYME) has a loan facility from Alessandro Zamboni’s wholly owned entity The Avantgarde Group SPA (TAG) which Supply uses as its justification to remain a going concern despite being technically insolvent with net liabilities. Supply has previously reported that TAG has been delinquent in meeting its payment deadlines which results in a material uncertainty caveat being raised in Supply’s accounts. But I can now reveal that it is game over!

Supply@Me Capital's Alessandro Zamboni appointed executive chairman of Nuburu at $360k plus bonus, another insolvent POS where he has welched on payments.

Just how crazy is this? I was wrong the other about Nasdaq POS Nuburu (BURU) because, today, the insolvent fraud Supply@ME Capital (SYME) announced that its boss Alessandro Zamboni had also become the new executive chairman of Nuburu and claimed that Alessandro explained to Supply board that his new role wouldn’t impact the time available for his Supply duties.

Supply@Me Capital - another rat jumps ship, with irony

Another staff member has gone at the insolvent fraud Supply@ME Capital (SYME). Miroslav Knezicky Head of Corporate and Inventory analysis is the latest to jump ship. According to his LinkedIn post he is unusually for him leaving without a new position to go to.

Madness: Supply@Me Capital - Bulletin Board Morons think that Supply may use Nuburu to obtain Nasdaq US listing

The Supply (SYME) Bulletin Board Morons are working themselves up into to a frenzy as they ponder whether Supply could reverse into Nasdaq listed Nuburu (BURU). The reasons for this speculation centre on:

Supply@Me Capital - the Eight Capital loan repayment mystery, the plot thickens and the FCA are just useless

In yesterday’s RNS, the insolvent fraud Supply@ME Capital (SYME) stated under related parties that “as of today, The AvantGarde Group S.p.A (an entity beneficially wholly owned and controlled by Alessandro Zamboni, Chief Executive Officer of the Company) (TAG) has, along with a number of other investors, a non controlling interest in SFE.”

Supply@ME Capital dismal trading update: this is a zero

Today’s business update from the technically insolvent fraud Supply@ME Capital (SYME) fails to provide an update on two of the most critical elements namely its current cash position and an update on working capital loans from the The AvantGarde Group, owned by Alessandro Zamboni and what it has paid to supply in last 3 months since interim accounts were published. Those are the massive red flags.

Supply@ME Capital (#SYME) – “Business Update”, attempted ramptastic

How can the FCA NOT investigate the share price movement of Supply@ME Capital?

Don’t all start sniggerinng but the FCA is charged with ensuring that markets for shares remain orderly. In light of that I ask you to consider the case of Supply@ME Capital (SYME) on the main market, a company that is a fraud, run by a liar and is technically insolvent. In a normal world the FCA would have suspended trading in its shares because Supply is a fraud, run by a liar and is insolvent, but the FCA is useless. However…

BREAKING Supply@Me Capital: another rat jumps from the sinking ship

After yesterday’s announcement by insolvent fraud RegTech Open Project (RTOP), today’s bad news for Alessandro Zamboni’s collapsing business empire relates to the insolvent fraud Supply@ME Capital (SYME). Although Supply has said nothing via an RNS, on his LinkedIn profile, Mark Kavanagh, Group Head of Operations and Transformation, states that his available for work immediately and is leaving Supply.

Letter to the FCA demanding suspension of the trading in the shares of the technically insolvent Supply@ME Capital fraud

The letter is self explanatory and follows yesterday’s article HERE. I shall follow up with a note to the SEC over the weekend. The letter reads:

BREAKING: Supply@Me Capital – Alessandro Zamboni in default on yet another 7 figure financing commitment

Alessandro Zamboni is now in default at 4 companies. At some stage the FCA and SEC must surely call an end to this pretence, suspend shares and launch a criminal probe

BREAKING: Supply@ME Capital, a second auditor resignation letter on the way

Oooh er missus, what on earth is going on here? On 4 October at Companies House the resignation letter of Crowe as auditors to the fraud Supply@ME Capital (SYME) finally appeared. Crowe said that it was not prepared to continue in its role because of the risks associated with it. However…

The fraud Supply@Me Capital – why hasn’t Supply filed its Italian subsidiary accounts?

Over at Italian Companies House, Supply@ME Capital (SYME) remains delinquent in its filings for its two current Italian subsidiaries which are apparently pivotable to its Italian inventory monetisation operations namely:

The fraud Supply@ME Capital Auditor Resignation letter – sadly no cigar for me

Companies House has processed the letter from Crowe UK. There is a minor new speeding ticket for Supply@ME Capital (SYME) but sadly no cigar for me.

Tick Tock, clock now running at Companies House for the Supply@ME fraud

As you can see below, at Companies House, the auditor’s resignation letter for the fraud Supply@ME Capital (SYME) is now being processed and will be available in a few days. Supply made the following statement about the resignation: