Quindell – I am sorry to be such a pedant but about an untrue RNS...

Comments

1. ---

   Simon Cartwright

   11 June 2014, 07:43

   Are these not the issues / red flags that have already been raised / discussed previously – and addressed ? Anyhow, If the UKLA is happy with their findings post their Main Listing due diligence – what more do you want? Just not sure why you feel the need to take it upon yourself to do their Due Dilgence for them? i.e – What’s your motive?

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   Tom W

   11 June 2014, 07:50

   Simon

   No I think you will find this is a new red flag and it is unaddresable. The documentary backing is explicit.

   The UKLA can do what it wishes. I am not a egulator. I am an investigative financial journalist and I earn a modest crust by exposing companies that issue statements which are untrue.It is not just QPP – check out the exposures on Tern in recent days.

   My motive is that a) that is how I earn a living, b) I enjoy it and c) it is the right thing to do.

   The fact that existing regulators on AIM failed to pick up on this sort of stuff is my raison d’etre

   t

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   Laura

   11 June 2014, 08:20

   As part of the Agreement, Quindell has also increased its ownership in 360
   from 3% to 19% for a total consideration of £2.15 million. The consideration,
   all of which will be paid into 360, comprises £0.9m in cash and 16,666,667
   newly issued Quindell shares at a price of 7.5 pence per share, representing a
   premium of circa 11% on yesterday’s closing price. The shares are subject to
   12 months lock in. 

   So they have bought 3% and then increased to 19%.

   Doesn’t say when they bought the 3% – could have been the day before. I do not see reference to them having owned the 3% prior to 24th January anywhere.

4. ---

   wildrides

   11 June 2014, 08:50

   Yawn ………… you pendant.

   You really are scrapping the barrel now . If you examine 90% of the accounts of companies on the FTSE you will no doubt find similar admin mistakes etc . The point is the board dont actually prepare stuff like Annual Reports . They pay staff to do it and people make silly accounting mistakes all the time because they are human and they are employees who take less care than owners because of simple motivational issues .
   I know because I worked previously in the management accounting industry for a long while . Shit happens and people make mistakes …….. but is this material … No

5. ---

   Laura Davies

   11 June 2014, 09:45

   As part of the Agreement, Quindell has also increased its ownership in 360
   from 3% to 19% for a total consideration of £2.15 million. The consideration,
   all of which will be paid into 360, comprises £0.9m in cash and 16,666,667
   newly issued Quindell shares at a price of 7.5 pence per share, representing a
   premium of circa 11% on yesterday’s closing price. The shares are subject to
   12 months lock in. 

   So they have bought 3% and then increased to 19%.

   Doesn’t say when they bought the 3% – could have been the day before. I do not see reference to them having owned the 3% prior to 24th January anywhere.

6. ---

   Steph

   11 June 2014, 10:19

   In your disclaimer you state that you “own shares in one or more of the stocks mentioned”. Is it correct to presume therefore that you own shares in QPP as it is the only listed company mentioned in your post? If so, why do you own the shares if you are clearly negative about the company?

   Is it perhaps the case that you have a short position instead? And perhaps therefore your disclaimer is both inaccurate and misleading?

   Very amateur and very amusing. Thanks

7. ---

   Tom W

   11 June 2014, 10:25

   Steph

   I think amateur is not being able to read a link in the piece and leaping to assumptions. That is what you have done so ranking you as a bit of a Bulletin Board Moron

   Had you hit the link about the AGM you will have seen when I bought shares and why. that is to say 2 days ago so that I could go to the AGM to ask questions.

   Prior to this week there was no disclaimer as I had no posititon.

   http://www.shareprophets.advfn.com/views/5895/quindell-i-have-bought-shares-norra-lot-and-am-going-to-the-agm-to-ask-questions

   I hope this makes the situation clear even for a pea brained imbecile such as yourself.

   Best wishes

   Tom

8. ---

   Steph

   11 June 2014, 10:31

   Thanks for the quick and rather aggressive response Tom. I am indeed an amateur, as I have not been paid to write this and do not stand to benefit from it economically. You are correct in that I had not read other posts by you. My questions were specific to the post above however. So, can you please answer my question regarding a short position? Do you have any short exposure to the shares of QPP, notwithstanding the (“norra lot”) of shares you have recently bought to be able to attend the AGM?

9. ---

   Tom W

   11 June 2014, 10:37

   Jeepers Steph

   This is harder than trying to explain to my three legged cat that shitting inside the house is not good.

   Only rather aggressive? I am slipping.

   I always declare a position. As such I am not short of QPP, I have never been short of QPP and I gain no economic benefit from its shares falling. In fact I think my purchase on Monday now sees me £60 down!

   My only benefit is that I am a writer and I earn my living writing interesting pieces.

   T

10. ---

    DomCoop

    11 June 2014, 11:40

    One day, in Teletubby land, Tinky Winky wanted to buy some shares.

    Dipsy said, “I have got a great company. Good fundamentals. My mate has written the accounts and said we have a profit of a billion trillion gerillion pounds.”.

    La La asked “what’s the cash position?”

    Dipsy said “you are an odious de-ramper to ask such questions. Expanding businesses do not have cash flow but this is an excellent opportunity BUY”.

    And Dipsy said “And we have bought 20 other companies so we are very very big”.

    La La asked again “But didn’t those 20 other companies you have bought get set up by you or your mates the day before? With precisely zero intinsic value. Other than the value you, yourself have put on them? And haven’t you paid for them by issuing shares in your own company, that haven’t been paid for, rather than by paying cash?”

    Dipsy retorted “The shorters and pizza sellers are in control here. Ignore them all. There is a rule written somewhere that you have an absolute God-given right to make a profit out of a share. Didn’t you know that?”

    So Tinky Winky invested.

    When people started to ask serious questions, and the share price began to drop, Tinky Winky did the sensible thing. He blamed the Noo Noo and started a petition to get the Noo Noo banned.

    And then he blamed the Ninky Nonk and the Pinky Ponk.

    And then he lost all the money he invested.

    Tinky Winky loves Dispy. And Teletubbies love each other very much.

11. ---

    wildrides

    11 June 2014, 12:00

    Doomcopp

    Role um a bit thinner mate!