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.
Quindell (QPP) has issued a statement saying that it will issue a statement later today refuting the 74 page dossier published earlier this week by Gotham City. So far so good. But it also states that "Legal action has already been initiated by the Company against those responsible for what it believes to be a coordinated shorting attack and reports are also being made on this activity to the appropriate regulatory authorities" Having spoken to one person who has received a lawyer’s letter from Quindell, I ask the question “is Rob Terry now fighting shadows?”
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