UK 19:05 Friday, 23 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.
Quindell (QPP) has yet to fess up as to what price Rob Terry, Larry Moorse and Steve Scott face margin calls on their Equities First Holdings LLC “loans”. But having reflected upon the matter I agree with our readers who overwhelmingly reckon it is 69p on which basis Mr 2+2 has already faced an unwelcome phone call from the hoods in Indianapolis.
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Comments
LOLing @ QPP
It seems to me that from reading this site, the prevailing issue with the AIM is simply transparency. If the companies were held to higher standards and forced to disclose any dealings with a potential impact of £X then it would be far more difficult for these Equity First situations to arise in the first place. Which of course limits the ability of a company like Quindell or any of these others to actually mislead its investors.
Granted, if there were stringent transparency requirements to listing your company in the first place then the QPPs of the world wouldn’t have the ability to mislead the every day investor…
Sweet Karolina
The share price has dipped below the margin call price a few times over the past few days, but has bounced back. The margin call price is too low to make sense, it should give EFH a cushion not come when they are in a 20% hole, but as they have sold the shares they do not need that cushion. However it is not clear whether the margin call comes the moment they dip below, which they have, or whether it is if they close below, which they have not. What does seem to be clear is that the directors involved do not seem to be using the war chest, with which EFH provided them, to support the share price in order to avoid a margin call, as no further directors buys have been announced and previous buys have been announced within hours of the buy (funny how they meet AIM rules requirements well within the timescales when it suits them). They have clearly given up on the pretence of supporting the share price and are no longer even making token buys. They most probably realise that their cunning plan to get out via EFH has been badly rumbled, so there is no point wasting what they have managed to get.
The only question is what scam will they try next to profit from the collapse of quenron? The nice little hedge arrangement used at TIG to short the stock will be rumbled straight away. I have no doubt RT will have a new trick that nobody has seen before up his sleeve, it is such a shame the sheriff is watching every move he makes like a hawk.