Today the disgrace of a £77 million Standard List IPO Zamaz (ZAMZ) has announced its first acquisition, Ecocarni, “a purveyor of premium quality meats and associated products sourced from Italy and Argentina to both wholesale and retail customers, from its flagship store in Milan.” Some further extracts from the RNS are provided below:
I contacted the FCA yesterday asking how on earth it signed off on the prospectus for Standard Listed Zamaz (ZAMZ) last week. As a recap, colourful Dominic White of the fraud Supply@ME Capital (SYME) infamy will make a guaranteed Bernie on day one and for sub £100,000 gets to own 41% of the equity. There is sod all free float. The IPO valued this crock at £77 million but it is in reality worth net cash raised (£2 million) and £125,000 for the underlying business (max) as I explained HERE.
When someone eventually does something about the FCA, the £77 million IPO of Zamaz (ZAMZ) on the Standard List with a prospectus signed off by the FCA will be a case study in its shocking ineptitude and inability to tackle bad actors.
