UK 17:58 Friday, 23 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Quenron sent its first lawyers letter demanding a grovelling apology signed by me but written by the fraudsters, a promise never to write about it again and a retraction of all my articles on 19 August. As you may have noticed, I have told Quindell where to stick that letter and I want it to serve Court papers on me as that will start the process of disclosure. As of today, after two and a half months no papers have been served despite me upping the ante with specific allegations backed by proven factual evidence of both accounting and securities fraud. Quindell really does not want disclosure to get underway does it. Shall I give you an example of why?
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Comments
Richard T
So let’s get this straight / spell it out to the ‘Followers of Quenron’ (a new religion which makes Scientology look well-balanced).
Quenron happily ‘sued’ Gotham for libel in full knowledge that, Gotham as a USA based entity which is smart with its money wouldn’t file a defence to the writ never mind turn up in court. Cost £5,000 for drafting the writ and pursuing summary judgement in court. RNS on ‘libel court victory!’.
But it’s ‘business as usual’ or ‘..running the business..’ and hence too busy to spend the money on suing TW on his accusations that the company and its directors are fraudsters and liars?
Of course, I get it now! When they say ‘..running the business..’ they’ve forgotten to include the words ‘..in order to swindle as much money out of shareholders, employees / subcontractors and anyone else who gets too close..’? Or maybe Tom is mistaken?
Phil
I wonder what some of the shareholders in the Innovation group think as they see Terry losing a lot of the money he gained in TIG, as the qpp share price continues to fall.
You will recall, at the time he was pitching Innovation as a buy, Terry and his mates were in the process of shorting their positions with a “hedge”.
I wonder whether Terry sees the irony in watching his fortunes taking a turn for the worst at the hands of the short markets. I also wonder about how Terry will tell his wife, will she shed a tear for their misfortune. Answers on the back of a used envelope, why waste a good postcard.
No doubt when this goes tits up, Terry will surface somewhere else, and who know the clown qpp1000 will probably follow him,if of course he has any money left.
alcira16247
RICHARD T
Good summing up of Quindell’s actions so far….. and can you imagine what the reaction would be of say, Sir Richard Branson or Lord Sugar, to similar attacks and allegations to their integrity and that of their businesses? I would hazard a guess at their actions being somewhat more robust, than those of Mr Robert Terry!
Eh! What about the RNS just released, Tom? One of the strangest I’ve ever read, loaning shares to buy shares??? Sounds well fishy! Hope you’ll be making a comment/bearcast, Tom?
Scott Sanderson
Tom, isn’t the nomad responsible for issuing shares, so Cenkos is at fault as much as Quindell?
Tom Winnifrith
Scott
The Nomad verifies an RNS re share issue. if a company tells it lies it cannot be at fault at point of issue but having been shown that its client lied it then becomes culpable if it does nothing as Cenkos has done
T
Scott Sanderson
Tom, that doesn’t fit;
If QPP state in a RNS that 1m shares are to be issued to company A, then Cenkos will ‘verify’ that RNS and as it’s their nomad responsibility to issue shares they will, as instructed in the RNS, issue shares to company A.
So how does Cenkos issue them to company B?
Thanks in advance