By Tom Winnifrith | Thursday 21 October 2021
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
As I previously explained it appears that the timing of the Tradeflow Capital acquisition was conveniently timed to occur on 1 July 2021 because it meant that the £4 million cash outflow for the acquisition did not have to be reflected in interim balance sheet. It also enabled the fraud Supply@ME Capital (SYME) to have another 6 months to draw up its consolidated balance reflecting the acquisition of loss making Tradeflow.