Member Info for Super_Mouse

Never trust a company with Africa interests or operations. These scams are predicated on the fact investors will never visit the operational and next to no idea what is really going on.

Just avoid these companies

Hey, George and the boys have created a massive e muddy pile in the middle of nowhere in Africa.

Should fetch a few quid and the local kids now have somewhere to play

Bad management, bad NOMAD, bad brokerage

Very very poor indeed .

I can see a few other serial placing companies (cough, vast) starting to hit the same.problem. No money left in the market

Greedy and Stupid. Roach should go into politics

I'd suggest that the SP is so well supported here that either an MM or Broker or insider is dumping at a profit level. It seems to be holding volume well. In light of today's news I'd be surprised if the BoD are in a happy place

Isn't Nuburu that mysterious planet that no one can see or qualify actually exists and only orbits the solar system once every 23,000 years?

Would seem an apt name if I'm correct.

Nothing says I'm committed to this company, than getting a job elsewhere.

AZ stated he'd maintain his 2 hours per month workload at SupplyMe Capital (opening overdue letters, checking spam folder, deleting investors emails etc)

The guy is clearly feathering his nest in anticipation of his departure in a month or so "due to conflicting commitments"

Some temp CEO will guide it into administration.

I did say.

Did you want me to post it up there TwoDimtoDie?

The accounting law changes are the exact reason why there is no benefit to companies using this companies offering. It's selling gas lamps in the age of electricity.

Hence the reason no one is rubbing to sign up with them and they are drowing in debt.

Good reason why the IMs are going nowhere. Accountancy rule in Italy and the EU changed lady year, rendering the services of SupplyMe Capital completely moribund providing no advantage for using their service. AZ has kept very quiet about this;

The 2024 Budget Law in Italy allows companies to adjust their inventories to the actual inventory situation as of September 30, 2023. This adjustment is for the tax period in progress.

What does the adjustment entail?

Companies must pay a substitute tax of 18% for IRES and IRAP.

If inventory is eliminated from the opening balance, VAT is also due in addition to the substitute tax. The choice to adjust inventories must be made in the tax return for the fiscal year ending on September 30, 2023

How does this adjustment affect inventory valuation?

Companies can use LIFO (last-in, first-out) during periods of rising prices, which can lower taxable income

Under IFRS (International Financial Reporting Standards), FIFO (first-in, first-out) might result in lower COGS (cost of goods sold), which can lead to higher profits and tax liabilities

Namibia is years away and so is the gold prospect.

Why people think a JV is done sort of value enabler are delusional. Other than a paper license, the company has nothing to add to a JV, therefore will likely add over billions of shares to gain equity. Look at the mess OEX/Synergy has become. Gold prospecting is also an incredibly expensive business, so the same applies in JV terms.

This is why the placing has failed and they don't want to advertise it. Beyond the colourful rampy RNSs , these guys need a rethink.

With micro caps , no news is never good news.

When it does come , it will come swiftly and conclusively like a heart attack. Then ....nothing.

Only the vague grumble of a couple of failures trying to set of a 'Shareholders' group

'Once worth'

Take it you bought into $HAWK too.

Comek - people are surprised because the company has given the impression that previous raises (of which there is a growing amount) was used to buy CAKE.

This is why they never announce the acquisition price.

This is starting to hum somewhat as to where the funds and profits are actually going.

Waiting for the classic Chinese/ Asian rug pull here and a move to the US.

They better hurry with anymore news as this could drift.

Very surprised they didn't sugar this morning's RNS with an augmentation in the situation.

So many unresolved leads and announcements here

Tranmere Rovers also play the same game as Real Madrid.

Pointless comparisons with little basis in reality

Why aren't they using their amazing profits to advance the business?

What's the point of profits if a company keeps rinsing and diluting their beloved shareholders every time there is a breakout

Over 2bn shares. It's going to have to post insane revenues to get above 3p again.

Questions still stands. Where is the money going. Hardly massive operational.overheads. That's what made the company seemingly attractive.

Something is beggining to smell here

They didn't even sweeten it with an operational update.

£2m will take a while to get tmchew through too, let alone the retail offer.

Where is all the money going?

Well, I did say.