Member Info for CuffMeGently

Btw the absence of the company’s financial statements appearing at Companies House has no bearing on the timing of the lifting of the suspension, contrary to the comments of some posters. The document is published for FCA purposes when it is released via the RNS.

@HotChip - I am able to say that it comes from someone who is reliable and who has no axe to grind, here’s hoping they are right again as they are been before about the company.

I’ve heard the suspension is likely to be lifted tomorrow, failing which, Monday.

Probably see the suspension lifted tomorrow.

Wouldn’t work for mining companies as the resource is unproven and the inventory isn’t readily saleable - it needs to be able to be shifted, good question though. And an intesting point as this company seems to be a bottomless pit into which people are throwing their hopes and dreams. Read the accounts - it’s almost bust. Just read what they announced, look at the cash position, it’s running on hot air.

Yes that’s a fair point Ex, I hadn’t noticed that, my attention was more drawn to the serial KPI misses, accounting bungle, the company’s near insolvency given its published cash position and burn rate and the auditors’ emphasis of matter on the published accounts. There must be a share placing in the offing. I can’t understand why it is taking so long for the suspension to be lifted, it is a mere procedural matter. Maybe Monday.

The accounts tell us the company needs money, urgently.

The accounts also show the company needs cash, urgently

Well the FCA approved the prospectus in March last year and its admission to the Official List so its a bit late trying to understand any novelty now.

You are safe in saying that Supply@ME has not broken any AIM rules, it would be impossible for it to do so given the company’s shares are not admitted to trading on that market.

I predict this Thursday once they’ve sorted themselves out with the FCA.

I read the contents of company announcements which is how a listed company should impart material information to investors, not Ramp TV.

It’s a start up which according to the prospectus issued seven months ago has been going since 2018.

Incidentally, the directors would be trading their shares unlawfully if there were unpublished inside information in existence so either the directors traded their interests in shares unlawfully last week or no unpublished inside information exists in relation to the company. One fact must follow another.

SYME has no current access to finance against which to draw down, it has irons in the fire it says, it has no cast iron facility. Sorry if the facts bore you.

So the revenue thus far, by your own analysis and comment, is sign on revenue from the very corporates who wish to monetise their inventory. That sign on revenue will be insufficient to fund an spv to acquire the inventory, otherwise the corporates wouldn’t need the inventory financing would they. So what has been announced is potential, not actual, but potential, access to capital to fund spvs to acquire inventory. No funding into an spv yet, no margin therefore from any inventory financing deal for SYME.

Oh yes forgive me. Let’s give it until Thursday then to be generous.

It needs a material amount of money to fund an spv to buy the inventory. The IPO raise, much of which went out of the door in expenses and is going out of the door in opex, isn’t enough to acquire inventory. Have you read the prospectus? Do you actually know what this company does? It needs to raise money to fund spvs to acquire inventory and says it will issue bonds in spvs. None have yet been issued. There is lots of froth about funding, there is as yet no funding.

The company has not announced any material revenue in any RNS, which it is obliged to do in circumstances where such revenue exists. Sign on fees for eager corporates are very different from margins on funding plays. AZ is signing up folk hoping to be funded - he needs his own front end funding to be able to deliver on his objectives. Do also remember this company floated back in March!

And you know this as fact do you? Are you a company insider? If so then you should not be posting such messages on this platform, if not then you are guessing, pure conjecture on your part. Good luck in la-la land, try not to tread on any bunnies.