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.
Recorded at the ShareProphets seminar on Monday 10th November 2014 The Sheriff of AIM explains when and why the fraud that is Quindell (QPP) will go tits up causing investors to lose 100%. It is all pretty straightforward as frauds go.
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Comments
martin ashworth
The staggering thing here is the fact that the FCA, LSE Aim Monitoring Team and the SFO seem to have no interest in preventing a Company such as Quindell from taking more money from gullible private investors to buy their worthless shares. Perhaps the above mentioned Regulatory Bodies are happier engaged in a spot of “Dwarf Throwing” in their lunch breaks than they are in actually fulfilling their statutory functions ? As Tom says, if this were the USA, several people would already be taking it large, in a Federal Prison cell.
Plake
I find it very depressing that company directors carry on this type of activity at the expense of all investors,
I hope Rob Terry and his band of merry men get suitable punished somewhat doubt it though.
Well done Tom
Dominic Cooper
What’s that sound I hear?
Like a whirring, grinding sound? Coming from Hampshire.
Methinks its the sound of the shredders going ten to the dozen in an industrial estate in Fareham!
Cliff Morris
A thoroughly coherent presentation Tom, well done. The sooner the end game is played out on QPP the better, there are more frauds on AIM not yet mentioned publicly that deserved to be exposed.
Jane
Excellent presentation.
QPP @ 67p as I write this,
rumours of suspension today
on the iii board.
lloorree
Morning Tom
Very interesting, as always.
In terms of “when”, might it be prior to the publication of the HIMEX accounts; if it were, wouldn’t that “postpone” their publication which, based on your analysis, be of some benefit to anyone with something to hide?
Thanks