Member Info for WolfofWarks

That first post was in the interims.

In the actual accounts to 31/12/19 right down at the bottom:

“ The transaction was effected by way of the issue of consideration shares. Due to Supply@ME Capital plc effectively having no substance, and in fact Supply@ME S.r.l. was acting as the parent of the Group, the consolidated Group is to be accounted for as a capital reorganisation rather than a business combination. Future financial statement will be prepared on the basis that Supply@ME S.r.l. is the accounting acquirer and Supply@ME Capital plc the accounting acquiree.”

“ 3. Significant changes in the current reporting period

On 23 March 2020, Supply@Me Capital plc completed the following transactions, details of which are disclosed in the prospectus dated 4 March 2020:

· reverse acquisition of Supply@Me S.r.l., a company registered in Italy;

· 32,322,246,220 ordinary shares were issued as consideration;

· placing of 331,604,094 shares; and

· admission to the Official List and trading on the London Stock Exchange's Main Market (Standard list).



The consideration shares were issued on the basis of an independent professional valuation commissioned by the Board on behalf of the Company that ascribes to such consideration shares an issue price of £0.006945 per consideration share. The placing shares were issued at the price of £0.006756 per placing share.



The transaction was effected by way of the issue of consideration shares. Due to Supply@Me Capital plc effectively having no substance, and in fact Supply@Me S.r.l. was acting as the parent of the Group, the consolidated Group is accounted for as a capital reorganisation rather than a business combination. These interim financial statements have been prepared on the basis that Supply@Me S.r.l. is the accounting acquirer and Supply@Me Capital plc the accounting acquiree.



As such, from an accounting perspective, the previous comparatives, and any results prior to 23 March 2020 of Supply@Me Capital plc have not been presented and the assets and liabilities of Supply@Me S.r.l. have been recorded in the consolidated financial statements at their pre-combination amounts.



Since the release of the interim results for the six months ended 31 March 2020, our advisors and their technical teams have amended the basis under which the consolidated accounts have been prepared. The former interim results showed a write off of £225m through the profit and loss account. Under the revised basis, this amount of £225m has been taken directly to the consolidated balance sheet reserves, as described in the Consolidated Statement of Changes in Equity.



This technical change in accounting methodology for the consolidation does not affect the net assets of the group nor does it affect the underlying trading results of the group.”

The £225m has been addressed by accountants - it was incorrect.

Haha brilliant

I’m pretty sure all the developers are in Milan and he is in London.

From the change of accounting date RNS:

“Audited accounts for the twelve-month period ended 31 December 2020 are scheduled to be published in April 2021.”

Hi Hartlebury - the only info we are missing at this stage that we were expecting is the three months between July and September.

It is assumed that accounts are produced on a going concern basis so you would only report on uncertainty if it exists.

This is take with SYME given we have not secured any funding, approved the concept, etc, etc, and only have a finite amount of cash until we achieve revenue or require a fund raise.

Excellent post Hartlebury

Right I’m in.

Small holding but can top up considerably at the end of the month hopefully.

Took the hit on bidstack and will buy have in once it starts gaining traction again.

How comes half the posts have been deleted?

Surely we’ll get a 7am RNS in the day it’s restored by give notice.

Admissions will be reflected on the Official List at 8am and then every 2 hours until 6pm each working day. Amendments will be reflected on the Official List at 8.10am and then every 2 hours until 6.10pm each working day. Suspensions will be reflected on the Official List at 7.30am, 8.15am and then hourly until 6.15pm each working day. Restorations will be reflected on the Official List at 7.35am, 8.20am and then hourly until 6.20pm each working day. Removals will be reflected on the Official List at 8.05am and then hourly until 6.05pm each working day.

Glib it’ll. most likely be buried in the t&cs I bet. You’ll have agreed to it without consciously knowing.

Like when a bank lends your savings out for mortgages, etc.

WG - you’re joking right?

People borrow houses and cars all the time, renting, pcp, etc.

I do love you JR. You spend all day talking Narnian style fantasies and we mention a couple of other shares and get our wrists slapped.

You couldn’t make it up.

Aye I’ve got no problem with the principle of it. Lots of innocents getting stung on the hype though.

As a hedging strategy or to lock a price in I’ve got no problem with shorting at a granular level. It’s when there’s institutional trashing of a share when it gets a bit more sinister.

Not too sure if they are still about but there was a hedge fund called shadow fall who were short on boohoo and brought out negative research and made all sorts of claims.

More to it when it’s at that level than a handful of contrarians on a BB.

Do one! :)

Good tick up today.

I was getting concerned after the scally results.

I think GH bought a load today.

There was an increase in general market sentiment after the US election. Then mid December the new variants of the covid were discovered and its been a bit choppy ever since.

It’s the underlying trend of the wider market.

One thing I’ve learnt with BOO is to sell the day before results, leave a few days and buy back in.

A lot of these shorters must be going long with their cash now as the US is flying this week.