In the floating point number system you can write a random number x as the following:
$$ x= (-1)^s \left(\sum_{i=0}^{m-1}d_i b^{-i}\right) \cdot 2^e$$ with $e \in \{e_{min},...,e_{max} \}, d_i \in \{0,...,b-1 \} $
For the mantissa holds then: $$ \sum_{i=0}^{m-1}d_i b^{-i} \leq \sum_{i=0}^{m-1}(b-1) b^{-i} = (b-1) \sum_{i=0}^{m-1}b^{-i} \overset{!}{=} b(1-b^{-m}) $$
But the formula for the geometric sum would imply:$$ b \frac{1-b^{-m}}{1-b}$$
Do you see the mistake?
There is no contradiction.
$$(b-1) \sum_{i=0}^{m-1}b^{-i} =(b-1)\ b \frac{1-b^{-m}}{1-b}= b(1-b^{-m}).$$