Supply@me Capital Share Discussion Threads

[peaky01] 23/11/2021 12:03

Will take time to bounce from here but when this will move boy will the share price go so fast to 5p range we wont have even time to check the bank balance

[gasman10] 23/11/2021 11:59

White State Street is a large share holder of Syme. Give up you nutter

[pwhite73] 23/11/2021 11:58

Peaky01 - "Although they are not the sharia funder they are arranging it"

Whenever you read of a middleman between a company and the cash its all a fake to entice mug punters. I suspect SYME has opened an account with Intesa Sanpaolo Private Bank that's all. If its all genuine why don't they lend SYME the money themselves they're a bank aren't they.

[gasman10] 23/11/2021 11:58

State side own a chunk of Syme.https://www.businesswire.com/news/home/20210712005455/en/First-Abu-Dhabi-Bank-and-State-Street-Announce-Strategic-Alliance

[peaky01] 23/11/2021 11:57

Ppl shouldn't ignore the key msg and link within this report.....https://www.businesswire.com/news/home/20210712005455/en/First-Abu-Dhabi-Bank-and-State-Street-Announce-Strategic-Alliance

[gasman10] 23/11/2021 11:55

I thought you were leaving this board Rat. Suppose your masters want work out of you.

[pwhite73] 23/11/2021 11:28

Pleased to learn the FCA has launched an investigation into another listing fraud Globo. Does anything read familiar.



The Financial Conduct Authority has launched a High Court legal action against two former top executives at Globo, the UK mobile technology company that collapsed into administration in 2015 following accusations of accounting fraud.

The UK markets watchdog filed a lawsuit last week against Costis Papadimitrakopoulos, Globo’s founder and chief executive, and Dimitris Gryparis, who was chief financial officer. The case comes six years after the FCA began investigating the company.

Globo had been listed on London’s Aim, the UK’s lightly regulated market for smaller public companies. It raised more than £100m in sales of stock and debt, and at their peak the group’s shares were valued at more than £300m.

The business had been founded in 1997 and claimed to sell software used by more than 300,000 companies to manage employee mobile phones, but collapsed when questions were raised about its revenue and profits.

Papadimitrakopoulos resigned in October 2015 along with Gryparis after notifying the board about “certain matters regarding the falsification of data and the misrepresentation of the company’s financial situation”, Globo told the market that month.

The company also disclosed at the time that it had made reports to law enforcement authorities in the UK, Greece and Cyprus, and that the FCA had launched an investigation.

The FCA declined to comment.

Globo collapsed after publication of a report by the New York hedge fund Quintessential Capital Management, which claimed the company was “massively overstating its revenue and profit by generating fictitious sales invoices from shell companies [posing as] legitimate clients”. ;

The Financial Times also found that companies Globo claimed as significant customers on its website included a Mumbai laptop-repair shop which had never heard of it.

When first approached for comment by the FT at the time, Papadimitrakopoulos denied any wrongdoing or problems with the accounts. The next day he sold more than half of his 19 per cent stake in Globo.

Papadimitrakopoulos and Gryparis could not be reached for comment.

Gabriel Grego, founder of QCM, applauded the FCA action. “Once again short activism, coupled with good investigative journalism, have proven a force for good in the markets,” he said.

At the time of its collapse, Globo was audited by Grant Thornton and claimed cash reserves of £104m in various foreign subsidiaries. According to the insolvency administrator’s report, the UK holding company failed with £180,000 cash in its bank accounts. A year later only £33,000 had been recovered, primarily from a VAT refund.

In 2018, the Financial Reporting Council, which regulates auditors, closed its investigation into Grant Thornton over its Globo audits without taking any action.

[johnsmit2020] 23/11/2021 11:15

you see, the questions i asked are pretty important , why should the shareholers bare the brunt of the 200m mcap loss,, and AZ bailed , and soon to comeback in at a convenient time ... or not at all.. who knows

[tomtum1] 23/11/2021 11:03

MR AZ doesn't hold as it's to risky for him

[professor cuntox] 23/11/2021 10:54

administrators already, gasbag?

Is that another own goal you've just scored?

[gasman10] 23/11/2021 10:40

Email investor relations not here!!

[johnsmit2020] 23/11/2021 10:38

can we ask Mr Z , does he hold shares in the company, and if he does not ,

if so why did AZ sell, or did AZ use a stock lending facility which dies not need a TR1 ,potentially taken a loan against his holding?..

[gasman10] 23/11/2021 10:13

State street is the funder...share holder too

[gasman10] 23/11/2021 10:12

https://www.funds-europe.com/news/intesa-sanpaolo-selects-state-street-as-fund-administrator

[professor cuntox] 23/11/2021 09:10

Directors of Blackrock are more informed than you, gasbag.

To be fair, so is my pet ameoba.

[brownbear3] 23/11/2021 09:06

Nice to wake up to some good news for a change

[gasman10] 23/11/2021 09:04

Shutup blackrock director scum

[professor cuntox] 23/11/2021 09:01

Peaky gang of one

Show me the money, fella. Its all flannel unless or until they can actually pick up a client or several dozen.

RNSs should be released on material news. I just cannot see what is material here?

[peaky01] 23/11/2021 08:49

My take on the rns......This RNS is about pointing the way & steadying the ship. Although they are not the sharia funder they are arranging it & would CERTAINLY have looked under our bonnet & been happy with what they have seen. It is further vindication of the authenticity & quality of our project that such a major bank would agree to be a "middle man".... It's good news & will sate investor appetites for now ?