UK 12:10 Sunday, 4 October 2026
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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.
Quindell concedes that in 2011 one customer accounted for 41% of revenue. In Gotham City’s detailed report on Quindell (QPP) it stated that this customer was SMI Telecom. That was the one point where Quindell stated explicitly that Gotham was wrong. For indeed I bet you £5 (that is not £2 + £2, but £5 in case Rob Terry wants to take the bet) that this company was TMC Southern and that this means that 41% of Quindell’s sales were simply round-tripped proceeds of the sale of Quindell shares. Let me explain.
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Comments
zeronegative
Hi Tom,
I see your stalker is back again with another pointless post.
Don’t worry, schools are back in a couple of weeks so he’ll be too busy to be posting here.
alcira16247
Tom
Due to your research, Gotham City’s attack on 22nd April, seems completely vindicated, in fact, its even worse than they implied!
Quindell’s response of 25th April (of 12,300 word’s), would seem to be, at the very least, extremely misleading and disingenuous.
No wonder the market, discounted their ‘explanations’ and the share price has never recovered!
Indeed, QPP, built on Quicksand? Would suggest, a mire of lies, deceit and corruption, nearer the mark!
Juicin Drumroll
KB,
Neither here nor on any BB have I ever seen a QPP cheerleader / bull rebut one of TW’s allegations.
Would you care to have a go on this one?
TIA.
Tom Winnifrith
Kebab
those current assets include all those lovely bogus accruals – fair value nil
net assets inc all that goodwill on fraudulent deals. fair value nil.
I am beginning to think that folks are right you are the stupidest person on this planet.
Now tell me was TMC the 41% customer yes or no. If it is yes the 2011 accounts were a wholesale fraud.
T
david
Sheesh, Kebab – can’t you point out where TW is getting his articles wrong for once.
Drunken Sailor
kb,
Why haven’t RT/ QPP sued TW? No company / CEO with nothing to hide would put up with the endless stream of artlcles he has produced. The only way they could potentially stop the flow and therefore the damage is to serve him with a libel suit and seek an injunction against more public articles. Why have they not done this?
Trying to divert attention from this key question with questions about predicting short term movement in the share price is completely disingenuous.
Your question about are the regulators investigating is fair, but as far as I am aware nobody has the answer to that either way. Can you produce on shred of evidence that the regulators have looked at and dismissed what Tom has sent them?
I have sent plenty of complaints about other companies to the regulators, at best you get a non committal answer at worst no answer at all. That does not mean nothing is happening, but I do know the wheels grind slowly.
So back to my question why is the company doing nothing to stop TW, if he is wrong in all his allegations. I have followed his various links and checked the parts of the annual reports he has pointed to and I can’t find a single thing wrong with what he is saying. There are some parts where he is having to make assumptions to join some of the dots and he needs to be careful not to build assumption on assumption, but the fact remains that worthless companies incorporated by mates of Rob Terry were sold to QPP using cash and shares and a significant proportion of the goodwill shown in the balance sheet is not an asset at all.
James
Tom – this KB guy is an unintelligent head-in-the-sand cretin. He’s taking up too much internet space. Why don’t you do us all a favour and block him from wasting our time with his incessant drivel? Free speech is all well and good but there is nothing wrong with banning a cretin who offers absolutely nothing. You should introduce a higher standard of posting whereby unintelligent morons like this aren’t allowed to dilute proper company discussion with cretin-speak.
Dominic Cooper
The shares will trade up, as we all well know. When RT releases his (unaudited) half year statement which will say cashflow is up and will predict that during the next half year they will have revenue of £6 billion billion squillion kerplillion from hearing loss claims and that Rob Terry will be the King of the whole wide world.
And the reason trading will be up is not because of the results. It is because people will think “the results are out, we know they’ll be positive, we know the BB Morons will buy, lets punt a bit of cash before the spike”.
And three days later, once the spike hits the top (I guess £2.05 ish), when all those who bought in sell out, it will be back to £1.50
Duff
KB, come the 21st there will be some more fudged figures from RT and I would guess a quick rise, a few % maybe of the back of it. But these forth coming figures from what I’ve read will not be properly audited so of no help really.
Dave
There is finally a response from QPP
http://www.quindell.com/Press-Release/detailed-response-to-blogger-comment
bonof
Dearie, Dearie, Dearie me, TW all at sea.
no more red flags we shall see
Dearie, Dearie, Dearie Me
Poetry.
Bon
Tom Winnifrith
Quindell bullied, Quindell huffed
Shareholders were the ones, totally stuffed
Another red flag is on its way
You just cant keep the Sheriff at bay
Touche
T
wiggly
kb
Where is TW? He’s researching QPP. Why don’t you do the same. Oh, so you don’t know how to – and you certainly don’t appear to understand TW’s articles if you think they are all the same.
It dosn’t matter much what happens to the share price building up to and soon after the 21st. What matters is where the share price will be in the next few months.
It will be fun to see how long it is befoe QPP withdraws from its legal proceedings.
Tom Winnifrith
Diabel
Sefton shareholders also boasted that their company would own RMPC.
a) SER lost as QPP will do too
b) RMPC is now owned by me or by shareprophets & is thus not a party to this defence having nothing to do with SP editorial and is not owned by either me or SP. So think again on 2 counts
T
Bon
Just ok TW as teacher would try harder
Bon
Tom Winnifrith
Kebab
Quindell will be a minnow by the time I am finished.
And if you are heavily geared you will find out about bankruptcy.
Me, I have never been made bankrupt yet but have no assets in the world. And happy to stay that way.
If i am bankrupted sobeit. It gets me off the alimony payments so I will be better off. You think I fear it?
Best wishes
T
PS Whatever gives you certainty that regulators are NOT investigating. PPS. The shares are p for 1 day. That is not a confirmed trend. PPPS. I am sure that Gotham would welcome its day i court as much as I look forward to mine. PPPPS - who accounted for 41% of 2011 sales?mjnandrew
Go get em Tom. Star man!
wildrides
Kebab
ZzzzzzzzZZZZZZzzzzzZZZZZZZZZzzzzZZZZZzzzzzzZZZZZZZzzzzzZZZZZzzzzzZZZZzzzzZZzzzzzZZZZzzZZZZZzzzzzZZzzzzzzZZZZZZZZZzzzzzzzZZZZZZzzzzzZZZZzzzzZZZZzzzZZZZZZ, cough , splutter
(wakes up )
Oh shit are you still here . Some one pass me a revolver with one up the chamber ………I simply cant listen to a single further piece of your ceaseless , unrelenting ,mindless drivel . You sir are a vacuous craniumed buffoon inflicted with obsessive compulsive disorder . Although how someone with so few synapses can manage to get them to fire in a disordered way remains a complete mystery to me and to modern science .