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An Open Letter to Laurence Moorse of Quindell re the “missing £15 million”

By Tom Winnifrith, The Sheriff of AIM | Tuesday 26 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.


Has Quindell (QPP) invested £15 million in its joint venture with the RAC yet? If so how is this accounted for? What is the real net cash position? The market does not know and needs to be informed. As ever, I want to be helpful and so this morning have sent a letter to the finance director at the Quinnovation Group, Mr Laurence Moorse. It reads:


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