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Supply@ME Capital and the £225 million deception: why the FCA will not act, because it is partly to blame!

By Tom Winnifrith | Sunday 5 July 2020


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.


Supply@ME Capital (SYME) must hold some sort record for incompetence by managing to show Proforma Net Assets of £226.3 million in its Prospectus dated 4 March 2020 which then become net assets of only £778,000 as shown by its accounts as at 31 March 2020 when announced on 1 July 2020.  I have explained why this is such a monumental scandal and what happened HERE. But who exactly is to blame? This will shock you. 

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