3606 days ago
I am busy gemming up on Quindell Property Services (QPS) ahead of the AGM of Quindell (QPP) which I am going to next week. I expect to be lynched by Bulletin Board Morons and will update my will over the weekend. I am sorry to be a pedant and you may regard this as trivial but there appear to be some jolly interesting things about this deal. This may take several articles to explain fully but let’s start with what is the bulk of QPS, that is the 360globalnet business, 360GN.
The first we hear about this is on 28 February 2012 when Quindell announces in an RNS that it has increased its stake in a business where it was a co-founder from 3% to 19% by handing over £900,000 in cash and £1,250,000 in shares (16,666,667 shares at 7.5p) so £2,150,000 in total.
