Member Info for Theanalyzer

Mona

It was Supply@MeStock Company 1 SRL

Matteo Richebuono is obviously close to AZ as he was involved in Nuburu investment and at one stage was also a Director with AZ. Now removed as a Director. As usual Nuburu haven’t received all $3 million promised citing AZ cited problems transferring currency.

A similarity named man is also Director of Venus Capital. Venus Capital who in the past have dumped a lot of shares.

MR is also Director of first Supply IM company which made a lot of profit.

I suspect SFE deal won’t happen.

TGTD

It’s a bulletin board.

You think all negative posters are TW.j

TwoGoodToDie

Lehman wasn’t a fraudulent bank.

The Supply financial statements have little in the way of stated assets and it consistently reports losses so unlike Enron and Greensill, I don’t believe that SYME is producing fraudulent financial statements and overstating their performance.

However, even the most optimistic supporter would surely by now be sceptical of any of AZ’s promises of revenues arising from deals or of cash promised from TAG appearing on time or at all.

Meanwhile auditor resigning citing risk, large trades of shares occurring with no TR1s, AZ never voting his shareholding at any of the AGMs, loan share companies being sued, 2nd largest shareholder being virtual unknown in asset management world with no other notified investment deals, tiny UK company and one based in Panama valuing Tradeflow at £31 million and being paid well over odds for such advice, James Coyle a respected bank finance director resigning after only a few months, historic sales pipeline not based on anything of substance like letters of intent, the RTOP IPO debacle which is now being delisted with no CEO, no CFO and no auditor after 15 months, TAG not filing Italian accounts for 2022 and 2023 which hides financial condition of entity making financial promises, all linked to AZ but clearly isn’t suspicious at all.

Another concern is the low spend on IT as seen in financial statements unsurprising when they only had 2 employees in product and technology and possible 1 day rate contractor at April 2024 but they claim to have built IT platform to manage all types of inventory and report transactions to companies selling stock and those financing deals.

Whackert

Mate these are results to 30 June 2024 before a road commercials were finalised.

Also SA has repeatedly told investors no advance disclosure of Croda orders until next interims and finals.

The current rate of gold production won’t make the company cash flow positive due to near term expenditure to build out rest of equipment needed to refine the gold hence need for cash raise and also desire for further exploration and development.

The pouring of Gold bar and off take arrangements did however enable fund raise at a good price.

The potential move to main market is another positive because some institutions won’t touch any AIM stock due to poor reputation of the AIM market.

TGTD

How many FinTech companies stop at version 1 or 2 of their platform because it’s complete and the platform can’t be improved for users or made more efficient?

You keep trying to invent reasons for the endless delays.

I still remember all the banking regulations guff you came with to explain Banco BPM White Label delays and in the end the delays were down to not finding remarketeer of sufficient credit rating.

The issue with SYME is that it can’t get any significant funding to back its product after over 4.5 years on the market.

It’s either fund raise or delisting soon.

Latino

Your right.

AZ via TAG owes Supply millions, Reg Tech millions, Eight Capital ten of millions and Nuburu millions.

I think TAG is insolvent which is why the cash never arrives and why he has not filed TAG accounts for 2022 and 2023. He always has a list of excuses ready for non payment and constantly makes further promises to try keep everything afloat but I think it will soon be game over.

Albert Ganyushin clearly says the Board places reliance on AZ representations to try and distance himself if cash doesn’t arrive.

Albert is in my view culpable over the Reg Tech debacle, right from the start when the Prospectus said Reg Tech would raise £17.483 million from the unnamed 12 Italian investors but who paid £Nil.

The FCA are responsible for preventing market abuse but rarely take action against listed companies. They did issue a sanction against NMC Healthcare a FTSE 100 fraud but only after fraud was exposed and company had gone bust in a major scandal.

TwoGoodToDie

If Supply were sacking people who weren’t needed then why do they still have a Chief People Officer when there only 16 employees and 1 contractor at April 2024?

Mark presented how the IM technology worked at AGM so he was seen as a key player then.

It’s yet another nail in the coffin for me.

Another domino falls in AZ’s empire.

I note that AZ has yet again promised to pay cash but will arrive? I suspect not. The $2.5 million promised on 16 May to RTOP never arrived.

TAG still hasn’t paid Eight its loan principal of €40 million.

Nuburu are pursuing him for around $2.5 million he promised to invest in them.

SYME prospects look even more bleak to me post this announcement.

RTOP will delist like Dispensa and then be allowed to fall into administration is my expectation.

Yet another promise of cash by AZ but I suspect just like the $2.5 million promised earlier this summer nothing will ever arrive.

Elrico

On last published accounts for the parent entity Skin had more Share Premium than retained losses so it if wrote the Share Premium off to retained losses then it could then start paying dividends relatively quickly.

The procedure does require Court Approval but it’s a pretty quick procedure.

As it happens I think Skin will reinvest cash in business for some time which doesn’t bother me that much as gains are taxed lower than dividend income.

TwoGood

Care to explain why banks can’t use the same off balance sheet inventory monetisation structures as SYME?

I don’t think the takeover is a positive for IM project because in takeovers there is a lot of change of people and and processes and small tickets deals like the IM project can easily fall aside in the wider change going on.

SYME doesn’t undertake any FCA regulated activities like a bank or asset manager but the FCA is also responsible for insider trading, market abuse and compliance with DTR by listed companies. The FCA aren’t the most active regulator in these aspects though,

CSS could have had 211 million shares under the warrant if they had ponied up cash at RTO price. That would have also injected around £26 million into GEX.

For some reason they went for cashless option of just 6 million shares.

Oleric

Axis Biotix sales in year to 30 June 2024 were £248,000 vs £132,000 in prior year according to Trading Update. So 87% growth year on year.

No the millions hoped for yet but

1) Very high rates of customer retention 89%

2) As more sufferers use product I think we will see further growth as sufferers spread the word to other sufferers.

3) Now SBTX has portfolio of Skincare products it should make it easier to market as part of overall portfolio of solutions.

So let’s not write product off just yet.

TonyH24

GEX is an insolvent dog run by absolute chancers.

Suggest you jog on with your attempted cross ramp.

Bazzaman

The key thing it tells is that deal is now signed.

User Steve

Next audited accounts for SYME aren’t due until 30 April 2025 so I don’t think getting a replacement auditor to sign off the accounts is the most pressing issue.

SYME will need to raise more cash soon or it’s game over given monthly cash burn was over £200,000 in first half of year and it had only £400,000 of cash at 30 June 2024 and that was after raising £1.55 million from the May placing.

Revenues will start being recorded in results for the year to 30 June 2025.

Should get some Croda revenues in interims to 31 December 2024 but these won’t get published until mid 2025.

So it will take time until we get proper idea of just how much revenue and profit this could represent and for that to be built into share price.

So for now its sit back and wait for the news to arrive.