UK 13:58 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Last week I stated that Maine Finance, a Quenron subsidiary which has racked up a £5 million overdraft so that it can lend money to other Quindell operations had basically stopped paying lead suppliers because the cash has run out. Thanks to information from someone incredibly close to Maine I can now give you the full story. This is symptomatic of what is going on across the Quenron group because there is no cash.
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Comments
DUCK AND DIVE
☝Like.
Forty Two
Will be satisfying seeing a business built on selling crap to vulnerable hard-up fuckwits go under
alcira16247
Tom
Re:- Quindell Independent Review
A RNS trading update on Monday, 8th Dec 2014 07:00 was issued.
In this RNS we learn………..
“PwC is being engaged to carry out an independent review” ……. “ Initial work on this review has commenced”
What’s your take on the length of time the review is taking? It seems to quite a few folk its taking more time than would be normally expected.
Have the bulls or the bears got more to worry about if that’s the case?