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The Supply@ME Capital fraud – a former banker explains yesterday’s spoof RNS and where is the Annual Report?

By Tom Winnifrith | Tuesday 30 April 2024

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.

Yesterday’s RNS from the fraud Supply@ME Capital (SYME) was, as I suggested in bearcast, a spoof. But I haven’t worked in a lending bank since the black and white era. A more recent banker has written in the comments section why the RNS is a spoof and I republish his comment below as it merits a wider audience. Meanwhile, the annual report is due today. Where is it? Good news travels fast, bad news is always slow to come…
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