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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.


QPP

Quindell and Iter8 – the case of the gaps in the CV

Today Quindell (QPP) has announced that it has issued c100,000 shares that it should have issued a few months ago to the vendors of Iter8 a POS Canadian company it bought last year. The company was founded and run by Mr Tim Scurry whose CV is fascinating. Yes its hand-outs for a Rob Terry mate par excellence.

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Comments

  1. Brilliant Tom!

    So another one of Mr Terry’s ‘arm length transactions!’ That’s a surprise! Ha! Ha!

    They just can’t help themselves! In their arrogance they take everyone as fools and idiots!

    P.S.

    andrew femi odoula …..hmm….Arsenal Footballer?

  2. Indeed a familiar story. Check out IT Freedom if you fancy more fun of this nature (admittedly COSY/Himex are the pinnacles though). Bought from mates Andrew Passfield and Mick Seargant – I believe Steve Scott was an owner too. Check companies house data. Not much going on at IT Freedom fellas. These three were all at CMG when RT was trying to get CMG to do a deal to save Lava. Head guys at CMG refused. Lava then goes bust as we know. Old mates – I wonder why? Anyhows Q soldiers on valiantly. No news explaining the share price fall. This is a company with last reported trade payables of £170m and although peeps are being advised not to deal with Q I bet you they have ballooned. Intangible assets and inventories worthless and will be written down. Accrued – worthless, trade receivables – not much there. So you have NARs worth £8m, AI and Mobile doctors? Be generous – £25m. Net funds (which will have fallen) last reported about £20m. Anyone spot the difference between assets and liabilities? Think of a four letter word beginning in B and ending in T.

  3. If you want to post anything on the Quenron LSE board, don’t for heaven sake mention the T word – Treasury. Just checked the lunatics fringe out, they are studiously ignoring it.

  4. Hi Tom
    Presumably RT is not simply “rewarding” his mates for nothing – especially as it’s his head on the proverbial “block”?
    I wonder whether there is any suggestion (proof) that RT is being “thanked” (bunged) for all his apparent generosity?
    If not, why expose himself in such an obvious manner?
    Thanks

  5. “Now you might think that this fellow is as Canadian as maple syrup, Michael J Fox and Bryan Adams.”

    Yeah, but whether he is or not they’re not all sweetness and light are they? I mean, that Alanis Morissette apparently hates men and Carney’s hardly doing the decent thing…


  6. Sweet Karolina

    Only 100K shares, he should be able to dump those on BBMs in a couple of days and no doubt the company will buy some services from Quindell for what he gets for the shares – looks like there is funding for the QPP Christmas party after all. Those lucky 4000 employees could be treated to a £10 per head buffet and glass of cheap plonk, I don’t think the budget is going to run to coke and hookers though.

  7. After QPP nothing in share life will surprise me ever again ………. well done Tom . P/s want to buy any cheap Greek marbles ? Putin wants a deal !

  8. Tom …do you know if Qpp is being looked at by the FCA ..SFO …for sure? If so, how long do these things take. It looks just like Enron. How can the likes of RT get away with this, time and time again?
    Ps the qpp wages date and the reasons for it is being heavily denied by BBMoron KV who has cult qppsag connections. Currie has been telling Qppsag there.s no cash issues etc. This is madness…utter madness.

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