Supply@Me Capital – has Zamboni’s TAG paid the £1 million due yesterday?
By Tom Winnifrith | Wednesday 1 November 2023
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.
When the fraud Supply@ME Capital (SYME) released its interim accounts for the six months ended 30 June 2023 on 29 September 2023, it reported a material uncertainty over going concern. The failure of The Avantgarde Group the company through which Alessandro Zamboni controls 24.02% of Supply to make payments due under a working capital facility on a timely basis was a key reason for this material uncertainty (continual ongoing losses being another key reason). The issue was disclosed as follows:
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