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Watchstone files High Court defence against £649 million Slater & Gordon claim on Quindell fraud - we publish docs in full

Published 8 days ago

Watchstone Group (WTG) has filed its High Court defence against Slater & Gordon's £649 million claim against it for having been sold the fraud that was Quindell Legal Services (QLS). I must admit it makes for impressive reading and is robust. The one person for whom it makes utterly grim reading is the King of the fraudsters Rob Terry.

Class action lawyers now have more than 1000 claimants against Watchstone over Quindell fraud - confidential letter arrives

Published 16 days ago

In its most recent statement Watchstone (WTG) group suggested that the potential class action against it from folks who lost cash as a result of frauds orchestrated by Rob Terry in the Quindell (QPP) era was minimal. Au contraire. The potential liability was estimated at £9 million but the number of claimants has more than doubled to 1,100 according to a letter sent to claimants which they have been told they must not pass on under threat of legal action. Luckily we have the Winnileaks service.

Tom Winnifrith Bearcast - do not get fooled by Watchstone's cash claims & shoot the scumbag "rebels" at Stratex

Published 32 days ago

Those seeking to oust the board at Stratex (STI) have not been playing with a straight bat as an RNS late yesterday made clear. They are vermin who should be sent packing. Ditto Professor Conroy of Conroy Gold & Natural Resources (CGNR). I have news on his latest courtroom scrape in Dublin and also on the Afren (AFR) whistleblower to whom I make a generous offer. I am warming to Blur (BLUR) after today's placing and am almost tempted to nibble now that ghastly Phil Letts and his even more ghastly Mrs have gone. There is a detailed analysis of interims from Watchstone (WTG) - Quindell as was. Do not get suckered by that headline cash number. It is not real and the shares are a sell. Finally there is an update on the African Potash (AFPO) and Paragon Diamonds (PRG) litigation. 

Slater & Gordon: Dire results, board sacked, UK exited, Debt for Equity near wipeout - the curse of Quindell

Published 51 days ago

Oh dear me, how long is the shadow caused by the king of the fraudsters Rob Terry and his Quenron (QPP) monster? Slater & Gordon (SGH) the Aussie law firm that bought 94% of Terry's assets in 2015 has now officially been brought to its knees with the board all fired, and shareholders almost wiped out, as part of the end game announced yesterday in Oz.

New Bulletin Board & Twitter Moron of the week sponsored by the returning Quenron gang of Shysters

Published 102 days ago

The Quindell boys are back in town, as they buy a worthless little business, Business Advisory Services (BAS), from Watchstone - having netted £100 million from the originalheist. To celebrate their adventureering, they are sponsoring this week's Bulletin Board Moron contest.

Exclusive: Watchstone flogs another business back to the old Quenron gang - when will it tell the market?

Published 105 days ago

Suffice to say the big winners from this transaction are the old gang, the associates of the King of the fraudsters Robert Simon Terry, not shareholders in Watchstone (WTG), Quindell (QPP) as was. But its remiss of the new team at Quenron not to keep you updated. So let me assist.

Bulletin Board Moron Evil Knievil still wrong on Watchstone

Published 116 days ago

I guess if you write for a website that makes the Official Jimmy Saville Fan Club website seem well read and popular, it forces one to also post on Bulletin Boards in order that your words of wisdom/attempts to ramp your flagging portfolio reach an audience of more than three men and a dog. Speaking of dogs - Watchstone (WTG) is stock which bear raider turned Bulletin Board Moron Evil Knievil has long argued is worth 500p. The shares are now 140p ( and falling) after yesterday's massive revelations from me HERE.

Exclusive: The full Slater & Gordon High Court Claim against Watchstone for £537m - damning on Rob Fielding, David Curry & the lies Quindell told

Published 118 days ago

Slater & Gordon (SGH) spunked £649 million on buying the worthless, fraudulent assets of Quindell (QPP) in 2015, a deal that has seen its shareholders suffer a 99% wipeout. It has now filed a UK High Court claim against Watchstone (WTG), Quenron as was for £637 million and we have obtained the papers and, in a major scoop, publish the Claim in full below.

Beer & Popcorn time: battle of the poltroons - Slater & Gordon serves Watchstone over Quindell con

Published 130 days ago

Oh boy this is going to be fun. It is one of those battles where you want both sides to lose badly. Like Germany vs Argentina at football or a ratings war between Jonathan Ross and Simon Cowell. But Slater & Gordon (SGH) has now formally served Watchstone (WTG) with High Court proceedings claiming breach of warranty and/or fraudulent misrepresentation for a total amount of up to £637 million plus interest. Watchstone says it will defend this robustly. Boy this will be fun.

New Bulletin Board Moron of the Week Contest - sponsored by Quindell founder & fraudster Rob Terry

Published 154 days ago

This week's sponsor, serial company founder Rob Terry, has been in the news this past week over a lawsuit brought by Aussie legal poltroons Slater & Gorden claiming to be deceived over the legal division that they bought from Quindell. Slater & Gordon will probably do just fine unless Quindell (QPP) or Watchstone (WTG) as it is called these days, points out ShareProphets sent S&G a docket of articles before the purchase went through. Anything to help the boys and girls at Quindell!

More Good news about Quindell fraudster Rob Terry & Watchstone - SFO demands documents from Slater & Gordon

Published 160 days ago

Oh dear, oh dear, the net is closing in on Roberty Simon Terry, the man behind the UK's biggest stockmarket fraud Quindell. Aussie Poltroons Slater & Gordon (SGH) which has almost bankrupted itself after paying £649 million for most of the worthless Quindell businesses from what is now Watchstone Group (WTG) has made an announcement.

Quindell fraudster Rob Terry - is he personally on the hook for £50 million as Slater & Gordon sues? If there's a God...

Published 161 days ago

More details of how Aussie poltroons Slater & Gordon (SGH) is suing Watchstone (WTG), Quenron (QPP) as was, for £600 million have emerged in the Aussie press. And for Britain's biggest fraudster of the past 30 years, already under SFO investigation, it is not good news. And top of the morning it is to you Robert Simon Terry.

The curse of Quindell fraudster Rob Terry: Slater & Gordon to sue Watchstone for £600 million

Published 164 days ago

Oh dear, the curse of wretched Quindell (QPP) fraudster Rob Terry strikes again. Slater & Gordon (SGH), the Aussie poltroons driven to the point of bankruptcy because it bought worthless assets from Quenron says it is to launch a claim for £600 million ( the amount it paid) against Quindell - now renamed Watchstone Group (WTG). Slater claims that when it bought the assets it was a victim of "fraudulent misrepresentation." Oh Dear.

Watchstone - the Curse of Rob Terry; legal bother in Canada

Published 248 days ago

I have flagged up many times before that the Hubio (formerly known as the fraud Himex) and Ingenie operations in Canada faced serious issues because they had simply failed to deliver product as promised to major customers such as Aviva. Now it is out in the open with writs flying both ways. Oh dear...this is not going to end well for Watchstone (WTG), the legacy of fraudster Rob Terry strikes again.

Tom Winnifrith Bonus Bearcast: Watchstone (Quenron as was) Trading statement analysis - on balance a sell

Published 276 days ago

There are two massive uncertainties regarding Watchstone (WTG), Quindell as was. I look at today's trading statement and offer up analysis which suggests that on a best case scenario this stock is more than fully valued but on a worst case scenario it is grossly overvalued.

Aussie poltroons Slater & Gordon go after Watchstone (formerly Quindell) for £53m - a pox on them both

Published 326 days ago

The Aussie poltroons Slater & Gordon (SGH) who recklessly paid £649 million for the fraudulent businesses of Quindell has announced that it is making a claim on £53 million of that still held in an escrow account by Watchstone (WTG). Slater says that it has obtained an opinion from an independent barrister in respect of the warranties given and the escrow cash and that the brief says it has, on balance, a prospect of success. Oh dear. The only winners here will be the lawyers (other than S&G).

Notes from Underground: Bear with us

Published 392 days ago

You'll notice that Tom has written the top 23 articles this week and recorded a Bearcast daily plus several Postcards on his personal site. This is what Tom calls 'paternity leave.'

Tom Winnifrith Bearcast: Truthful Trump but Democrats lying on terror, The maths on Watchstone now & Alba spouting shite

Published 398 days ago

ISIS seems to have struck again in the USA, in Minnesota but also in New York and across the river in New Jersey. Pathetic weasel words from Democrats will only anger folks on Main Street even more, Trump calls it right again. I cover the amazing weekend poll numbers on Trump the mainstream British media won't report today HERE and HERE. He is going to win. Elsewhere I explain how to value Watchstone (WTG) post today's shock news on the Quindell fraud from S&G (HERE). I look at Mitie (MTO), WH Ireland (WHI), Servision (SEV) and a statement from Alba (ALBA) which is pure 100% cock. 

The bonkers accounts of Quob Park Solutions run by Quindell fraudster Rob Terry & the Watchstone Court case

Published 450 days ago

Part of the Knob Park Group of ponzis run by Quindell (QPP) fraudster Rob Terry, before he is put on trial and sent to prison, Quob Park Solutions has recently published what are the most bonkers set of accounts in Christendom.

Scoop: Ingenie Canada to Wind Down Operations - oh dear another Quindell fraud write-off for Watchstone

Published 458 days ago

Oh dear, oh dear, oh dear., if my father had not drunk it all, it would be another ouzo moment for the Sheriff of AIM with news that Ingenie Canada is no more. We have been warning for ages that the Toronto based frauds of Rob Terry were falling apart but Watchstone Group (WTG), the rebranded Quindell has been in denial. There you go.

Why AIM’s woeful regulatory environment makes it a hotbed of FRAUD.

Published 469 days ago

It seems that we at ShareProphets are not the only people concerned about the amount of fraud we see on the London markets – and, in particular, on AIM. We have seen the horror of the biggest stockmarket fraud for thirty years (Quindell, QPP – now Watchstone, WTC) unfold before our very eyes and yet as Tom Winnifrith doggedly banged on the doors of AIM Regulation and the FCA they did nothing and the frauds continued unchecked for far longer than they otherwise would.

Watchstone: why not come clean today ( no-one's watching) re Hubio bloodbath?

Published 486 days ago

As predicted HERE there was a blooodbath at the Toronto offices of Watchstone (WTG) yesterday but it could be worse still....

Watchstone - a Good day to Bury Bad news: more layoffs as Canada and Hubio fall apart

Published 488 days ago

The remaining staff at the Hubio operations encompassing Iter8 in Toronto have been called to a "Town Hall" meeting at 11 AM Canadian time today so by the time their hear of their fate it will be after hours UK so any admission of what has gone on will be on 23rd June, a great day to bury bad news.

The £100m scale of the Himex Quindell fraud admitted to - Rob Terry Caption Contest

Published 511 days ago

Watchstone (WTG), Quindell as was, has today admitted to the full scale of the Himex fraud - the Hassan Sadiq Rob Terry con at the heart of Quindell - full details are HERE. In light of this please supply suitable captions, in the comments section below, for the picture below in honour of Robert Simon Terry. Deadline: midnight Sunday.

Note 37 from Watchstone: the fraud of Rob Terry, the Naivete of Watchstone & the ghastly truth for S&G

Published 512 days ago

You remember how Noise Induced Hearing Loss (NIHL) was going to transform the profits of Quindell (QPP)? Okay, there had always been sub 20,000 successful claims a year but fraudster Rob Terry was accruing profits on the basis that Quindell was going to win 72,000 a year. Yes a 360% market share and the City analysts, mug punters, auditors KPMG et al believed him! Jesus how could they be so thick or corrupt? We did warn them. Anyhow, have a butchers at Note 37 of the Watchstone (WTG) - Quenron as was - accounts yesterday. It states:

Tom Winnifrith Bearcast- Some folks trading AIM stocks are so fecking stupid: I don't believe it

Published 513 days ago

I was pruning my first olive tree of the day and heard a noise behind me. Fearing the worst I turned and it was a tortoise which just sat there blinking at me. It was a special moment. That tortoise is smarter than idiots buying Circle Oil (COP) shares today. FFS how thick some folks are. Then I move onto Nature Group (NGR), Boxhill (BOX), Blenheim Natural Resources (BNR), Gable (GAH) and Wishbone (WSBN). Then a section on a PR man telling me what I should or should not be writing about Watchstone (WTG) The fecking cheeky bastard should stick to being an evil spinmeister and leave journalism to the professionals. Maybe PRs dont want us writing about an admission of £100 million fraud on AIM and would rather we just eprinted their lies/press releases? It is just not the way I work!

Watchstone confirms the SFO Quindell enquiry still live as full extent of the £100m plus Himex fraud revealed

Published 513 days ago

Himex was the biggest single acquisition fraud perpertrated by Rob Terry at Quindell (QPP) and today the scale of that £100 million plus fraud has been laid bare as the re-branded Watchstone (WTG) has publsihed 2015 results. These show that statements made by new management with 2014 results were rash reckless and misleading but also that the Serious Fraud Office is still going after Terry and his cabal.

Watchstone Group, Thoughts on a Daft Proposal from Edi Truell’s Tantalum Corporation

Published 549 days ago

I was amused to see my suspicions confirmed today by the Telegraph (TW Note only 24 hours after me in bearcast) that the “draft proposal” received by Watchstone Group PLC (WTG) did indeed emanate from Edi Truell and Tantalum, his telematics vehicle. I shorted some Watchstone at 230p as, all things being equal, the shares should revert to where they were before the announcement once it is confirmed that the blundering Truell has nothing to offer.

Watchstone does not want mad Edi's paper, no-one else wants its shite assets

Published 551 days ago

Watchstone(WTG), the company formerly known as Quindell (QPP) has said that it turned down a share based offer from a private company for its hot-potch of useless cash burning and often fraudulent assets. That offer came from Tantalum, a company owned by mad Edi Truell of Tungsten (TUNG) infamy as I noted in bearcast yesterday HERE.

Tom Winnifrith late Bearcast: Blame Bill frigging Gates, bloody Walsall, Bodie, Doyle & Cowley

Published 552 days ago

This bearcast and your newsletter are late for a range of reasons including my sickness; taking the Mrs to start a 3 AM journey to fill impressionable young minds in Finland with lefty nonsense; dealing with Bill Bloody Gates; morons from the Walsall Shit Hole and also Bodie, Doyle & Cowley, The Professionals. In the podcast itself I cover Watchstone (WTG), Rosslyn Data (RDT), Fitbug (FITB), Rose Petroleum (ROSE), SeaEnergy (SEA), UK Oil & Gas (UKOG) and in great detail LGO Energy (LGO). I urge you to read the piece today on SP Angel. Read it carefully my friends!

Fraudster Rob Terry: A new Quob Park vehicle – what for, and what's going on?

Published 563 days ago

Quob Park Health Limited was incorporated on 31 March 2016, but thus far there is no sign of Rob Terry being directly involved. Not on the surface, anyway, but digging a little deeper there are a few links. One wonders what is going on?

Watchstone Offloads Quintica, Good for it, another nail in the fraudster Rob Terry coffin

Published 594 days ago

Watchstone (WTG) has offloaded another of the joke/frauds bought during the Rob Terry era to its management at a stonking loss. The sale of Quintica for £1.35 million is good news for Watchstone but shows once again what a crook the fraudster Rob Terry was.

Watchstone subsidiary Maine Finance 2014 accounts finally arrive & look very fishy

Published 595 days ago

There are some folks out there - Evil Knievil - who under under the illussion that what is left in Watchstone Group (WTG) has a value, that somehow the collection of frauds assambled as Quindell that even Slater & Gordon was not dumb enough to buy is worth something. Au contraire. I see that the Maine Finance subsidiary has finally filed its December 2014 accounts with a directors’ report disclosing;

Now Watchstone accuses Quindell fraudster Rob Terry of putting a swimming pool on expenses

Published 595 days ago

This is the least of the problems facing fraudster Rob Terry. A looming arrest by the Serious Fraud Office and a likely multi year jail term is top of his worries but now Watchstone (WTG), formerly Quindell (QPP), is accusing him of six figure expenses theft.

Slater & Gordon Beer & Popcorn Results Debacle Podcast Part 1 - Good news for Watchstone

Published 601 days ago

Slater & Gordon (SGH) interims are out and are disastrous for the Aussie poltroons. The Quindell (QPP) fraud has left S&G on its knees. But before I enjoy another ouzo I start with a look at how this car crash affects Watchstone (WTG) and for it the news is good.

TMC Southern, Quindell, fraud and the Companies House Mystery

Published 627 days ago

I exposed the massive panama pump fraud at TMC Southern and Quindell (QPP) back in August 2014 and Quindell/Watchstone (WTG) now admits I was 100% right - having first said it would sue me for libel. It would be appreciated if the new management might apologise for that. Now we have some answers as to why TMC has not been struck off despite now being late on THREE sets of accounts. Companies house and I have swapped emails.

Notes from Underground - A rose by any other name

Published 630 days ago

Another week that shows a crack in the facade of Tom's Top 10 Dominance: Cynical Bear's Is Neil Woodford's Halo slipping? makes the list at number 10. For the avoidance of doubt, Tom did contribute 23 of the 25 most read articles.

Rebranding at the Quindell/Watchstone FRAUD Hubio - photo exclusive

Published 635 days ago

Shot in the Watchstone (WTG) offices in Toronto today..this is rebranding on the cheap. Hat tip to one of our many sources on the inside of this  sinking ship..

Tom Winnifrith Bearcast 24 January: Himex this is jail for Rob Terry & bad news for Watchstone + crap AIM investment companies

Published 637 days ago

I am sorry for the delayed podcast but I am only just back from time in the Grim Northern welfare safari with the mother in law and thus can now let myself go with a volley of bad language.  I end with an explanation of who benefitted from the £150 million + Himex fraud at Quindell (QPP) laid bare earlier HERE and how it also affects Watchstone (WTG). Before that I talk of my annoyance on the silly blogger spats and the explain the difference between a cash shell and an investment company and why I regard our work on exposing the latter as invaluable. In the middle segment I have more bad news for oil companies such as XCite (XEL), IGAS (IGAS), Petroceltic (PCI) & Gulf Keystone (GKP) and for the sector as a whole but also for the markets. Dont blame China, we bears are still in the driving seat.

Tom Winnifrith Bearcast 10 January - Denial from Evil and you dear readers on Xtract & Watchstone

Published 651 days ago

Evil Knievil sent me a snotty email on Watchstone (WTG) of which he is long. I think he is a bit in denial. And so to are some of our readers as they respond to perfectly good articles appearing here today by our new author Cynical Bear, notably on Xtract Resources (XTR) and Challenger Acquisitions (CHAL). All this is discussed in today's podcast.

Tom Winnifrith Bearcast 9 January: In denial, Paul Scott, Quindell & China nutters

Published 652 days ago

I deal with three sorts of folks who are in denial. Quindell (QPP)/Watchstone (WTG) owning BB nutters who still insist that Rob Terry may be innocent and I may be guilty, Paul Scott who sees value in retail stocks and the other China nutters who cannot accept that what is going on is more than a little blip. Once again I warn that this podcast contains strong language.

Watchstone £1 Disposal today - what that tells us about the Quindell fraud

Published 653 days ago

Watchstone Group (WTG), formerly known as Quenron (QPP) has today sold its property services business BE Insulated and Carbon Reduction Company for just £1. The statement is telling.

BREAKING: YourLegalFriend today files letter of claim for 342 punters against Watchstone/Quindell

Published 678 days ago

I can reveal exclusively that class action lawyers Your Legal Friend has today sent its letter of claim to Watchstone Group (WTG) -formerly Quindell (QPP) - on behalf of an initial claimant group of 342 retail investors. 

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