By Tom Winnifrith | Wednesday 29 September 2021
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) flagged up that this would happen a few weeks ago but today it has announced “New £7 million Loan Note Facility completed”. A loan as in you pay back the cash at the end of the term right? Er.. wrong. It is a death spiral.