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.
For those who think the directors of the 5 AIM Casino Companies doing business with Equities First Holdings LLC took out a loan here is a bit of required reading. And if Cenkos thinks that the stock "loaned" by Rob Terry of Quindell (QPP) has not been dumped ages ago then its chumps should read this too.
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Comments
peter kerslake
Tom & Lucian, I am baffled by the s/p movement of quindell today, watching total capitulation & it ends the day up at 83p. Mr Terry is not going down easily.
Sweet Karolina
Great find Tom. Trouble is RT may claim he has been the victim of a horrible scam, he may even thank you (through gritted teeth) for putting him right on it, anything so he can at least pocket the £6m he has managed to get out before the train wreck.
The question does need to be asked, regardless of whether the directors who have done this are guilty of some kind of self serving deception (as 3 stooges clearly are) or just hapless victims, are these people fit to be directors of public companies?
Graham
Hi Tom,
Are GECR paid by the subject company for their research reports ?. They have a Quindell target of 655.
http://static.squarespace.com/static/5371fb22e4b0a7ee8e9a6c3e/t/5450cabfe4b04ee588b34bca/1414580927380/GECR%20Quindell%20Update%2029102014.pdfSmall investors in this country really have no chance. Always believed we had tight Financial regulations. How naive was I.
Redrichond
This is a simple explanation of how it works. Stick with it, it’s simple
https://youtube.com/watch?v=y6QgHUJIQ5Q
Lonster
You would enter such a deal with EFH if you knew the share price of your stock was going down. In RT’s case, a way to offload stock quickly that is decreasing in value and the chance to walk away from it all but still remain quids in. Whether the other companies/directors are in a similar position remains to be seen but I think both parties, RT and EFH, knew what they were getting into and both financially benefit.
Martin Ashworth
I think what Tom has admirably pointed out is that the UK AIM market should be disbanded. It is simply stealing money from naïve Private Investors. Any company not capable of meeting the listing requirements for a full UK listing , is not needed in the UK market, regardless of how many shonky NOMADS, Lawyers, Accountants, Market Makers and totally ineffective Regulators it would put out of a job. A viable alternative to AIM would be BETFRED or Ladbrokes and the 4:30 at Kempton Park – the odds of success are better.