UK 18:45 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.
Today's revelations on Quindell (QPP) are shocking. How do the Morons feel now knowing about the wage deferral, that they were mislead about the cash position on October 13 (market abuse) so they bought shares and Rob Terry, Laurence Moorse and Steve Scott were able to sell. How do they feel about that? You guys were suckered. Now you need to stop getting angry with me and start directing your anger towards a board that has stolen your cash.
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Comments
alcira16247
Tom
My, guess is that Quindell will stick its corporate head in the sand and hope that everything will go away.
As you have stated many times this company is in dire financial straits, even its latest figures of 30th June 2014, show a NEGATIVE cash flow of excess £51 millions, so, unless the trade receivables have drastically improved, its present state must be on the verge of bankruptcy, no wonder its reliant on the banks support!
The only winner, as you say, it seems, is Mr Terry, who no doubt from day one had all the building blocks in place to get his ill gotten gains offshore out of the way of any agency that might want some back in the future.
Surely, this scandal has gotten too big to be just brushed under the carpet? The authorities, must be complying the facts, preparing the case and will be bringing charges to those responsible. Yes?
Roll on Monday!
David
Dear Tom,
I know it’s hard but try not to wear the pressure of those threats and so on too much. I’m sure they are plenty of nasties out there who couldn’t care about the truth of the situation, only that they’ve lost money and need to blame, quite wrongly considering what you’re saying. That’s the problem with the aspect of abstract money in the markets too. Hope the olive harvest goes well.