Supply@Me Capital interims - technically insolvent and material uncertainty over going concern as Zamboni fails to show (SY)ME the money

Today’s interim results from Supply@ME Capital (SYME) have the usual features with the promises of jam tomorrow from the CEO Alessandro Zamboni but in reality, there are tiny revenues of just £77,000, negative gross margins of £108,000, pre-tax losses of £2,561,000, net liabilities on the statement of financial position of £2,146,000 and a material uncertainty caveat over going concern. So very much business, or rather lack of it, as usual.

Supply@Me Capital – why doesn’t it comply with UK disclosure requirements over stock loans taken out by its CEO? And as for the FCA!!!!!

Today marks the repayment date for the loan to Stock Loan Solutions LLC over 778,571,429 Supply@ME Capital (SYME) SYME shares. So far there has been no RNS issued about whether Alessandro Zamboni has repurchased the shares or as is much likely simply let the deal lapse as in reality, I suspect that Stock Loan Solutions LLC sold its shares years ago at much higher prices than today.

BREAKING: Supply@Me Capital – proof of its technical insolvency as of 30 June 2023 in its hidden prospectus

Having got shares in its bastard little brother Eight Capital Partners (ECP) suspended this morning it is time to turn to the fraud Supply@ME Capital (SYME) whose shares should also be suspended, in this case, pending clarification of its financial position. It may be capitalised at £79 million at 0.129p but technically it is bust.

Supply@ME Capital – a transaction on which it will make just £54,000 (at most) over 3years is not worth £4 million!

The fraud Supply@ME Capital (SYME) is technically insolvent yet its shares are today up by 5% to 0.134, adding £4 million to its market cap – taking it to £82 million which is pretty full for a company that is bust – on news that it has completed a transaction which in the best case scenario will net it £54,000 revenue and probably no profit at all over 3 years.

Supply@Me Capital – it is time for clarity over the 1,615,253,000 share stock loan to High West

It’s surely time for Albert Ganyushin, the Chairman of the fraud Supply@ME Capital (SYME) to force CEO Alessandro Zamboni to clarify what has happened to the shares which Zamboni’s 100% owned company, the AdvantGarde Group Spa (TAG) has given to three loan companies. At investor meetings Zamboni’s risible excuse is that he is unable to comment on TAG’s intentions but as he claims to own 100% of TAG’s shares, clearly TAG’s intentions are the same as his intentions.

The fraud Supply@Me Capital – looking at the murky Tradeflow deal from the perspective of Tom James and John Collis

We know that Supply@ME Capital (SYME) paid £4,000,000 in cash and issued 813,000,000 shares to Tom James and John Collis for the acquisition of Tradeflow Capital. Following the issue of the 2021-year end accounts, SYME issued the two vendors a further 213,525,520 shares as deferred consideration which resulted in total holding of 1,026,525,520 shares. Under the vendors buy back of 81% of Tradeflow, Alessandro Zamboni’s AvantGarde (TAG) paid £2,000,000 for the 1,026,525,520 shares held by Tom James and John Collis as described below:

EXPOSE: It is all smoke & mirrors from the fraud Supply@ MeCapital – complex related party deal which disguises true loss on sale of Tradeflow, £14m claimed proceeds are in fact ZERO.

Alessandro Zamboni loves a complex deal and today’s related party deal to sell 81% of Tradeflow Capital back to its vendors is a classic.
It manages to conjure up a valuable headline price for the sale of Supply's 81% stake in TradeFlow of £14,386,100 misleadingly described as the “Cash Quantum” which gets the Bulletin Board Morons excited when the reality is that Supply@ME Capital (SYME) will get just £2 million from Zamboni’s private vehicle The Advantgarde Group which results in a reduction in the £2.8 million working capital facility that TAG had previously provided. So on the headline sale Supply gets no more cash than it had yesterday and is thus insolvent.

The fraud Supply@ME Capital is still insolvent, its IM deals don’t stack up and its £87 million market cap is a joke

The fraud Supply@ME Capital (SYME) has now issued three RNS announcements about inventory monetisations being:

Supply@ME Capital (#SYME) – “first UK IM transaction from traditional funding”… but actually still to be actioned and no bottom-line detail (natch!)

The fraud Supply@ME Capital loan repayment tomorrow sweeptstake

On 29th July 2020 Supply@ME Capital (SYME) fessed up that IAF2, a company controlled by Supply’s boss Alessandro Zamboni had hocked billions of shares to three new vehicles in returns for loans. It justified this with a porky pie, viz

Supply@ME Capital (#SYME) – “first Inventory Monetisation transaction using traditional funding sources”, no financial position update (natch!)

EXPOSE: Deep Dive into Supply@ME Capital’s Results – it is insolvent and the company’s £22m lies are exposed

Announcing result at 2.51 PM on your self-imposed deadline day is a massive sign that something is wrong. Did I say “something?” Everything is wrong! Calendar 2022 results from the fraud Supply@ME Capital (SYME) show how management has deceived investors over tens of millions of pounds and that the company is insolvent. And that is just for starters...

Supply@ME Capital – results at a tardy 2:51pm. And even on just an initial look, clear reasons why...

Tom Winnifrith noted earlier today on Supply@ME Capital (SYME) that the fraud had promised that it would get its results out in late April but, even on this last market open day this month, they weren’t issued at a good form 7am and he questioned about the audit sign-off. At a tardy 2:51pm there was a “2022 Annual Report and Accounts and Financing” announcement – I’m sure there’ll be more on the holes in it from Tom over the weekend, but for now how’s the audit sign-off and Going Concern statement?

Supply@ME Capital – where are the results promised for today? Tick Tock Tick Tock

The fraud Supply@ME Capital (SYME) promised on 24 March that it would get its results out in late April. In case you have missed it there is a bank holiday on Monday and thus today is the last working day of April. Yet…

Supply@ME Capital (#SYME) – “commitment for first Inventory Monetisation transaction from traditional funding sources”, attempted ramptastic

Supply@ME Capital – the Tradeflow rats jump and the implosion of the fraud is underway

This may not be the end of this fraud. But it is certainly the beginning of the end. The unravel is underway, the rats are staring to abandon the ship now lurching lower and lower in the water under a growing weight of red flags. Anyone now holding the shares is completely insane. 

The curse of death spiral provider Negma - re the fraud Supply@ME Capital

A co-conspirator sends me a list of companies that have used death spiral provider NEGMA for funding and there share price performances since taking out the facility. Missing from the list is the fraud Supply@ME Capital (SYME) on which more later after today’s disastrous news of the great unravelling.

Supply@ME Capital (#SYME) – TradeFlow directors resign from board of company and give notice of intention to exercise rights to buy back TradeFlow

BREAKING EXPOSÉ: A £20m loss Supply@Me Capital boss Zamboni tries to hide

If anyone out there cannot see the forest of red flags surrounding the Standard Listed fraud Supply@ME Capital (SYME) they need to be heading down to SpecSavers sharpish. And here is another one, a £20 million one.

And another thing about Supply’s new NED….

I showed earlier what a total lightweight Alexandra Galligan was. I find it hard to be too beastly about the new NED at the fraud Supply@ME Capital (SYME) as on Saturday we will both be cheering on the same team in the rugby. However, back to the charity where she is a trustee. The one that is 1135 days late in fling accounts. A co-conspirator has flagged up something else. This is not exactly Cancer Research…