Today, Supply@ME Capital (SYME) will hold its Annual General Meeting, which, amongst other things, will authorise an increase in its share capital. Thus, it can issue additional shares to Venus Capital under the death spiral, and to Tradeflow Capital vendors for the deferred consideration.
How to cram as many buzzwords as possible into an RNS, and thus excite moronic investors: a lesson from the fraud, Supply@ME Capital (SYME).
Shares in the fraud, Supply@ME Capital (SYME), raced ahead on news of a financially immaterial transaction. Crazy, eh? And how do we know it was immaterial?
Earlier, I exposed numerous red flags concerning a) 2021 revenues and b) the Tradeflow deal; now, I turn to Supply's (SYME) accounting blunders from calendar 2021. Of course, the company is no stranger to accounting blunders, including:
Earlier, I exposed numerous red flags regarding Supply@ME Capital (SYME) revenues. I now turn to the lossmaking, sub-scale asset manager, Tradeflow, purchased in a smoke-and-mirrors deal on July 1 2021. Again, brace yourselves; this is ugly.
Now that the Woodlarks walk is over, it is time for an in-depth look at Supply@ME Capital's (SYME) shocking full-year numbers. This is the first of a multi-part series, and brace yourself; it is shocking stuff.
