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Maine Finance – New Information on how a Quindell Subsidiary is failing and frauding as the cash runs out

By Tom Winnifrith | Tuesday 10 February 2015


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.


Last week I stated that Maine Finance, a Quenron subsidiary which has racked up a £5 million overdraft so that it can lend money to other Quindell operations had basically stopped paying lead suppliers because the cash has run out. Thanks to information from someone incredibly close to Maine I can now give you the full story. This is symptomatic of what is going on across the Quenron group because there is no cash. 


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