> All the big AIM fraud exposés
> 300 articles and podcasts a month
> Hot share tips
> Original investigations by our experienced team
> No ads, no click-bait, no auto-play videos
By Tom Winnifrith, The Sheriff of AIM | Sunday 10 August 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.
This is not today’s Quindell (QPP) main article, the Bulletin Board morons are going to have to wait a bit longer for today’s red flags. However I bring them a couple of press comments to keep them occupied pro tem.
The first is from the Sunday Times. I think it is self-explanatory. But I think rather shows whose side the press is on. And no I did not plant it.
The second is from the Law Gazette. I would suggest that it rather imperils a business model based on having a small number of lawyers – Quindell has only 59 registered solicitors – and automating cases is going to face a bit of a problem. I quote:
A judge has found a law firm in breach of duty after it assessed a client’s case for compensation without a face-to-face meeting and misjudged the extent of their case...
The judge said: ‘The system set up by the defendants involving as it did, the extensive use of questionnaires and standardised letters with very little personal contact with the client enabled them to deal with a very high number of claims at limited cost.
‘The disadvantage however of such a system is that it is heavily reliant on the client carefully reading all the correspondence and filling the questionnaires in accurately.
Never miss a story.
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |
Site by Everywhen