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A Very Simple Question for Rob Terry of Quindell

By Tom Winnifrith | Monday 24 November 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.


Dear Rob, I have a very simple question for you regarding your shareholding in Quenron (QPP) and your shoddy deal with Equities First Holdings LLC.

When the shares were 50p you said that it was likely that you would face a margin call but it made no economic sense to pay the margin. But now that the shares are 90p there is every reason to pay the margin. So have you:

a) not paid the margin because you know – as do I – that Quindell is a fraud running out of cash?  In which case surely under AIM rules you need to make a statement ( as the owner of more than 3% of the equity) about your exact holding since the stock has now been lost for good?  BTW – have you sold any more shares since leaving the board? Just asking.

b) paid the margin because you are a believer in Quenron.

If it is a) – which we both know it is – perhaps your hapless Nomad Cenkos might be confirming this with an RNS – Shareholder Disclosure. Or do they not give a FF about the rules either?


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Comments

8 comments

  1. Tom, the old addages always ring true here, as any where else,” birds of a feather flock together”, “” leopards never change their spots”,” old habits die hard”, “ rats desert a sinking ship”, ad in fernitum.

  2. Tom

    Hopefully, Mr Terry will answer your question by, disclosing he’s re-investing his nett £6.34 million back into Quindell, too! Providing Filthy Lucre and others of the Long and Strong Brigade with added comfort that their investment is in safe hands.

    Hey!!!!!!….. look at that flying piggy!!!!!


  3. J P Spaghetti

    “Hey!!!!!!….. look at that flying piggy!!!!!”

    Fancy turning Battersea Power Station into LUXURY BLEEDINAPARTMENTS!! Is nothing sacred any more?! Sorry for being off-topic but needed to be said.

  4. Filthy Lucre

    As you seem to have a problem with even acknowledging the outstanding investigative work, Tom has conducted on this whole Quindell story, I would respectfully draw your attention to Ben Martin’s article headed, ‘ Quindell may offload firms after founder’s exit’ in Sunday’s Telegraph.

    Tom, has called this story right from day one, his achievements have been widely acclaimed, so you must be a brave man to bet he’s wrong on Quindell’s upcoming cash crisis!

    Though, to be fair, you sure have balls of steel to have held onto this dog for so long and taken the undoubted horrific losses!

    On the balance of evidence, Mr Winnifrith or Mr Terry/Quindell?….. my money is on the former, big time!

  5. everything you have said is correct. Rob, Moorse and Scott will be jailed for insider dealing. That’s life. I’ve dealt with Parmlat, Torex Retail Vanco and iSoft and at no point have I been wrong. My opinion is that neither CG nor Cenkos would be able to find them finance. They are bust. Good work sir….


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