By Steve Moore | Tuesday 22 April 2014
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.
Following an early afternoon collapse in its share price (down by more than 56% on the day to 17p at one stage), Quindell plc (QPP) has announced that it “is aware of the publication today by Gotham City Research LLC. The board rejects the assertions raised in this note and considers the note to be highly defamatory, deliberately misrepresentative and entirely rejects the conclusions that are made”. The following updates with the shares having closed the day approaching 40% lower at 23.75p.
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