By Steve Moore | Friday 7 August 2015
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.
On Wednesday it took more than 75,000 words across two 2014 results RNSs for the new management at Quindell plc (QPP) to attempt to decipher what had been inherited and they still had to admit “it is also possible that there are transactions into which the group has entered of which we are unaware”. The following details some of the transactions which are now described as having “unresolvable ambiguities in analysing the substance of”, some including where the commercial purpose has been unable to be verified…
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