AIM Rule 41

3617 days ago

Quindell Full Listing Statement so Very Weak but Cheryl Cole puts it better

Quindell (QPP) has today updated its shareholders on its plans for a Full Listing. The statement is weak, begs questions and was only prompted by me and others asking questions. I know that Rob Terry, the Quindell PR bimbos and his other advisors are keen readers of this website and I am glad that they have tried to answer a valid question raised here.

As a reminder Quindell stated on 31^st March that it would submit a full listing application to the UKLA in mid-April targeting a listing before the FTSE Indices Review (4^th June). As per AIM Rule 41 that implies getting the application approved by 20 business days before 4^th June, i.e. 7^th May. As I explained in my video of Friday HERE based on the normal iterative process of three submissions of a prospectus that was achievable.

But we still have no Rule 41 announcement which means that as of today (9^th June) no approval has been given. So Quindell is a month behind schedule which means that the UKLA MUST HAVE flagged up issues with the document. And Quindell tacitly admits that today with a statement: