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Eight Capital Partners – the clock is ticking on TAG debt repayment, the Zamboni/White house of cards is teetering

By Tom Winnifrith | Wednesday 17 July 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.


The deadline for The AvantGarde Group S.p.A, TAG to its mates, to pay the €73 million it owes to Eight Capital Partners (ECP) and IWEP Limited is this Sunday 21 July, so by Monday we should know whether TAG is good for the money or not. Given that Eight wrote its investment in the bond down by £14 million in their accounts for the year ended 31 December 2023 despite have been assigned first priority over the entire security package of assets provided by TAG suggests that it not that confident that Alessandro Zamboni’s company, which has failed to provide promised funding of just a couple of million quid to Regtech Open (RTOP) and the Supply@ME Capital (SYME) fraud is good for the €73 million.
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