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Supply@ME Capital – what about the next £2m of death spiral funding due by Sunday?

By Tom Winnifrith | Friday 26 November 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Quelle surprise. Who would have guessed it?  The fraud Supply@ME Capital (SYME), now almost out of cash and still burning cash, has elected to pay the remaining November amounts due under its Mercator death spiral – which at announced as being a loan -  by issuing more shares rather than in cash. Calling this deal a “loan” was the least of the lies told by Supply But it was a lie.  With the shares at 0.1525p Mercator will have already forward sold – see volumes in the past couple of days – the £300,000 of shares it received at 0.135p.  But there is a bigger elephant in the room.

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