By Evil Banksta | Saturday 23 May 2020
Disclosure: The author has a short position in one or more of the shares mentioned. 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.
My attention has recently been drawn to Supply@ME Capital plc (SYME). It claims to be "an independent fintech company providing an innovative proprietary inventory monetisation service to companies in a wide range of industrial sectors". SYME’s prospectus further states that it is "developing a proprietary, digital system which underpins a fintech platform designed to enable customer companies to monetise their inventory via “true sales” transactions" and then bedazzles with gobbledegook referencing "securitisation notes", "special purpose vehicles", a "digital inventory tracking system" and other buzzword bingo terms.