UK 17:14 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.
Market abuse covers many sins but one is to give a misleading impression of the value of securities as a result of false statements. Quindell had told investors that it would achieve cash breakeven in Q3 2014. In fact it managed to beat this target thanks to a number of covert measures which hid the true picture. This is market abuse (FCA) but also a breach of AIM Rules. I have therefore written to both the FCA and AIM Regulation and cc’d in the hapless chumps at Nomad Cenkos demanding an urgent investigation. I write:
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Comments
Forty Two
Well peeps can continue to suspend their belief/disbelief but something looks like it will be suspended next week. Hey ho – means I can focus on good ideas like SDL and Phoenix IT. Phew!
turbograndad
Tom, meanwhile they were pleading poverty or as previously stated in the court of Delaware, US of A that they as the Judge put it finiancially up shits creek, or words to that effect. Can’t be arsed anymore being PC, when your dealing with tossers, to put it mildly.