Supply@me Capital Share Discussion Threads

[theaccountant2] 10/2/2023 18:55

BREAKING EXPOSE: The fraud Supply@Me Capital: – a dubious loan between Alessandro Zamboni and Dominic White controlled companiesAt Companies House company 1AF2 Limited is late filing its accounts for the period from incorporation on 7 May 2021 to 31 May 2022. 1AF2 Limited is a wholly owned subsidiary of The AdvantGarde Group Spa ("TAG"), the entity through which Alessandro Zamboni the CEO of Supply (SYME) holds his shares in the companyhttps://shareprophets.com/views/66801/breaking-expose-the-fraud-supplyme-capital-a-dubious-loan-between-alessandro-zamboni-and-dominic-white-controlled-companies

[henrycrs] 10/2/2023 18:48

You think turnover is cash. Unbelievable.

[nobbygnome] 10/2/2023 17:39

As a reminder….

Ok here is my summary of the finances. Please tell me where my numbers are incorrect….

So to start off with there are two factors which are my estimates. The first is cash burn. From the interim results the monthly cash burn was £350k. Now that is highly likely to have gone up because of increasing costs across the board for everything from energy for offices to salaries. Plus of course we know for sure that from October the costs would have gone up by £5k because of the interest on the Italian government backed loan and from April that will increase by a further £15k because they have to start paying back the principle of the loan. Therefore because of the increased costs I am assuming a monthly cash burn of £375k from August. I wouldn’t be a bit surprised if it was higher but I will be conservative.

Of course the other big variable is turnover. The end of year statement contained no numbers other than TF increased by 35% but from a low level. So the fact they didn’t brag about increased turnover across the board I think we can safely assume it won’t be very high. However I will be generous and go for a figure of £500k for the period from beginning of August 22 to the end of March 23.

Now on to the factual numbers from the prospectus. The reason I am using August as the start date is because the prospectus gave us the cash figure for the end of July 22 as £758k on page 55.

In terms of income from the start of August there is £270k from the open offer (Page 4), £475k from the fifth Venus tranche (Page 4), £4,365k from the CEP in October (£3,750k from the optional subscription shares and £615k from the remaining mandatory subscription shares, Page 4) and £900k from the Italian government bank loan.

So total income is 270 + 475 + 4,365 + 900 + 500 = £6,510k. Then add in the cash at the end of July of £758k making a grand total of available cash in this period of £7,268k

Now expenditure. First of all there are the Mercator cash repayments in August and September of £278,333k making £557k (Page 4) and then the big final repayment of £3,536k in October (Page 4). So total cash out is 557k + 3536k = £4,093k

So 7,268 - 4,093 = £3,175 k available free money in that period. Divide that by the monthly cash burn of £375k and you get 8.47 months of money which takes them through to mid April from the beginning of August!

Anyone who disagrees with this summary needs to say where the extra cash is coming from. I think £500k turn over is probably an over estimate but even if it was say £750k that would only take them through to the end of April. Of course actually the turnover figure I use relates to an increase over the ongoing amount before August because the monthly cash burn figure in the interim report is after allowing for turnover.

The bottom line is, from these figures a fund raise has to be imminent…̷0;.unless there is a sudden increase in turnover!

[only 1 pinnochio] 10/2/2023 17:10

Nobbygnome1 Apr '22 - 10:56 - 1396 of 1397(premium)
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I'm very pleased to hear that you think I have 'plagued' your posts for many years. Of course that was my mission

[only 1 pinnochio] 10/2/2023 17:09

Poor Nobby the psycho

[nobbygnome] 10/2/2023 17:00

An absolutely disastrous day for LTHs. The fall today confirmed the Batman ears bearish chart pattern which means a further plunge is imminent. Of course that is likely to be driven by the placing; these chart patterns always happen for a reason!

Oh and I thought we were promised news today….nope wrong yet again!

[theaccountant2] 10/2/2023 16:56

BREAKING EXPOSE: The fraud Supply@Me Capital: – a dubious loan between Alessandro Zamboni and Dominic White controlled companiesAt Companies House company 1AF2 Limited is late filing its accounts for the period from incorporation on 7 May 2021 to 31 May 2022. 1AF2 Limited is a wholly owned subsidiary of The AdvantGarde Group Spa ("TAG"), the entity through which Alessandro Zamboni the CEO of Supply (SYME) holds his shares in the companyhttps://shareprophets.com/views/66801/breaking-expose-the-fraud-supplyme-capital-a-dubious-loan-between-alessandro-zamboni-and-dominic-white-controlled-companies

[vlad the impaler] 10/2/2023 16:41

Well it’s Friday. Time for a holiday and gym and all sorts

But we will be back knuts

We will be back…..(all going at the same time )

[vlad the impaler] 10/2/2023 16:38

We didn’t steal it. Nobster literally gave it to us

[vlad the impaler] 10/2/2023 16:36

We are all off to Cape Verde on Sunday with Nobbys inheritance

[amanitaangelicus] 10/2/2023 16:20

AZ and DW dodgy loans/ pay offs. TW nailing em to the longdrop. Belts of trousers down ,isnt life a ream.

[gerby derby] 10/2/2023 14:43

Beautiful spike down for the bulls

[upsondowns] 10/2/2023 14:40

And another

[sparty1] 10/2/2023 14:29

And another 10 mill buy gone through....

Must try harder or get smarter trollage.Go to troll college.

[gerby derby] 10/2/2023 14:04

Nobbygnome1 Apr '22 - 10:56 - 1396 of 1397(premium)
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I'm very pleased to hear that you think I have 'plagued' your posts for many years. Of course that was my mission

….

You are one sad knut Stubbs

[gerby derby] 10/2/2023 14:00

I bought the low. Not sure if it’s a trade or 10 year investment lot yet