It appears that the cash strapped fraud Supply@ME Capital (SYME) has drawn down the additional £2 million available under the Mercator loan (no sniggering at the back) facility without explicitly announcing this material new "loan" advance via an RNS. I guess following LSE rules about material disclosures is only for “little people.”
Supply@ME Capital (SYME) has been forced by Companies law to call a GM where it can explain to shareholders its historic serious loss of capital and what it is going to do about it. Its reponse so far has been risible, claiming that revenues will go up next year. This from a company that has had to slash sales forecasts it put into the market for 2021 to almost nothing in two slashes since July. But there is a more serious issue: impending insolvency. I have written to the FCA, the regulator — no sniggering at the back — in charge of the Standard List.
On September 29 2021 the fraud Supply@ME Capital (SYME) issued an RNS titled "New £7 million Loan Note Facility completed". That was all a lie and we are now four days overdue on an RNS relating to it.
I don’t expect the morons who own shares in this fraud are accounting geeks. So I shall try to make this very simple for them for Supply is finished.
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.
