Member Info for Theanalyzer

Supply remains a loss making, insolvent business and the $5.15 million will have be spent on paying off liabilities to existing creditors.

Punters like Aklee don’t seem to be able to do simple maths.

An exit 21% above 31 July 2025 carrying value at £27.8 million in cash plus further earn out consideration.

BP Marsh now has a string of very successful exits really pushing up NAV per share.

Gold Queen

Your wrong for shares I hold via II I get the voting rights not II

HL and other platforms don’t lobby on behalf of their retail investors so your talking nonsense.

Blowdog

The Nuburu cash raise doesn’t cover historic debts racked up.

Supply is losing £125,000 a month and if doesn’t convert Nuburu debt into shares at 0.0038 then it loses its IP

Supply will need more funding soon.

Muted reaction to solid set of results.

AZ package last year was £220,000 and Albert £150,000, you have to pay for talent, albeit they had to wait until 2025 to get paid whole amount.

Overall Board cost was. £472,293 versus revenue of just £129,000.

Auditors waited until $2 million was received from Nuburu before they were prepared to sign off even with material uncertainties.

Even with low staff levels Supply still generated a gross loss on revenue.

It’s still burning £125,000 a month. It needs over £4 million a month on inventory monetisation at 3% revenue rates at 100% margins to cover costs.

The Neo bank deal and crypto backed deals looks dead and BPM is progressing at a snails pace.

Supply also needs more cash to survive into the future as Nuburu funds won’t clear legacy debts let alone future operating losses.

Atanasoff

You are far too generous assuming gross margins are same as revenue.

To date Supply has had negative gross margins I.e it loses money on its IM deals before you even factor in administrative expenses.

Tradeflow stake of 19% written down to Nil.

When Supply purchased this he claimed it was worth £31 million in a RNS and now 19% is worth Nil.

Supply remains a dream for AZ but a nightmare for shareholders.

If current rates of progress are maintained then PBX will profitable next financial year.

Gross profit circa £1 million for 9 months

Admin costs £1.35 million assuming prorated run rate for 9 months as applied to 6 months.

That will dramatically change risk profile and switch PBX to a PE ratio.

Personally I don’t think a step up to AIM would help share price that much.

Tern fair values its stake in investee companies and hasn’t uplifted DA valuation in latest results.

Last time DA was valued at £4 million for its 25.3% stake before £ilition for DA management stake.

Tern have just given 12.5% of that stake to management or £0.5 million.

Punters assuming a bit gain are assuming that Tern management are other investors in DA are hopeless at valuing what is worth.

Bulls forecast a big pay day for Wyld and that stake is now worth buttons.

Mick

RTOP is dissolved as an entity.

The Orbit software is now owned by 1AF2 srl which is going to be purchased by 31 October by Nuburu.

I think funding is now pretty certain as HAA said within one week and more importantly significant progress appears to have been made on all aspects e.g. bank debt, equity funding, required approvals etc. project now appears to have strong momentum to pus( it over the line.

Could HAA take advantage of share price for another placing possibly but unlikely in my view.

The doubters used to claim no second bank approval, now it’s no cash been raised yet, soon it will be has any gold ore been mined, has any gold been poured e.tc

I do think people are getting carried away with share price predictions. There is a lot that needs to happen before gold ca#h flows arrive.

I am lucky as my average is 0.67 so am sitting on nice percentage profit already so I will sit and see what happens.

Super mouse

The auditors will check if $2 million was received when they consider going concern. A going concern assessment looks forward 12 months from date of approval of accounts and the starting point includes latest cash position. So the auditors will look to see if $2 m was received. I suspect it was but issue is it enough cash along with promised $2.2 million to enable auditors to sign off?

AZ doesn’t specify what the auditors are still working through or give an outline timetable of when work will be complete which is poor.

Just over a month to last and final cash payment from Nuburu.

I am rather shocked to see how much some people are down on SYME.

Like all investors I have winners and losers but nothing on the scale of Donk 7 losses.

It’s easy to average down to try to recover from a losing position.

Sometimes it works but I challenge myself much more now if I think of averaging down preferring to run profits.

Investing in stocks can be a tough business.

Mickj76

Directors and auditors are required to look at least 12 months into the future when signing accounts in assessing whether it is a going concern or not.

Based on 2024 interim accounts and time since then I don’t think the $5.15 million will have been enough to extinguish the net deficit in shareholders equity let alone cover another 12 months losses and that may be the issue for the auditors. I can’t think of any other likely reason.

I think a material uncertainty on going concern is pretty likely and perhaps agreeing wording is taking some time.

MrHumble and GerbilBroth both filtered

Mickj76

I was aware of the TAG / 1AF2 srl merger but at the Italian companies house a company called 1AF2 srl still exists and I think it is the new one that now owns Orbit software.

RegTechOpenProjectPlc has been dissolved as a company,

A company called 1AF2 srl now owns Orbit which is being purchased by Nuburu.

AZ owns 1AF2 srl

The $2 million has arrived.

No accounts as yet.

Supply can now pay off some of its creditors and promise those it can’t fully pay that further cash is due in under six weeks time.

A rare positive news day for Supply.