RE: To Sum Up22 Nov 2024 20:54
From Linked in 🤔
Supply@ME Capital plc - Shareholder Disappointment
As Fintech investors, we understand that challenges arise, but what we cannot accept is the deafening silence from Supply@ME Capital plc .
The last useful official update from the company was on 25th Sept with the announcement the auditors Crowe UK were stepping down and have not been replaced and 5 days later we got the unaudited accounts.
Since then, shareholders have been left with nothing but uncertainty. This lack of communication is a slap in the face to those of us who have invested in the company’s vision and believed in its potential.
This year to date, the share price has dropped 95% leaving investors deeply concerned about the company’s trajectory. This sharp decline reflects not only market conditions but also a significant failure in leadership and accountability. Alessandro Zamboni, the main shareholder and CEO, has repeatedly failed to deliver on promises, leaving us questioning the company’s direction and management. Trust is earned through transparency and follow-through—both of which are sorely lacking.
Investors are angry, disappointed, and losing patience. We have shown resilience and loyalty through these turbulent times, but our confidence is waning. It is unacceptable for the leadership to remain silent while the share price crumbles and investor concerns mount.
Despite all this, we have not given up hope. Shareholders still believe in the underlying potential of Supply@ME Capital and are comforted that staff are still in place and there has been no TR1’s to announce insider dumping. The potential link up with BancoBPM is also exciting, if it has not fallen through.
However, we demand immediate communication and a clear update on the company’s plans. Alessandro Zamboni and the leadership team owe it to their investors to provide answers—and they owe it now.
