3533 days ago
This is just a small Red Flag but it is a tad confusing none the less. I refer you to note 21 of the 2011 Annual Report from Quindell (QPP):
Included above within gross trade receivables due from third parties is £28,014,000 (2010: £nil) relating to debts subject to discounting. Included in other receivables is £250,000 representing the rights to the beneficial interest in 52,000 A ordinary shares in Sandbourne Systems Limited. This expenditure has been shown in the cash flow statement as a cash outflow in respect of investments.
Hang on a second
3544 days ago
Yesterday I revealed HERE how Fraudster Rob Terry had sent £139,000 of Quindell cash helping out a mate by buying 50% of BestPriceHotDeals.com - an almost worthless e-tailer of garden equipment – from a pal of his Mr Farrelly. I am afraid this gets worse with a new revelation.
Mr Farrelly runs an IT business Sandbourne. I now bring you its annual return HERE which lists the shareholders. Top of the list is Gillian Baker, long term Rob Terry Crony at his Lava and The Innovation Group and then head of IR at Quindell until last year. And scroll down and whoa……Mr 2+2 can = 5, Rob Terry himself is on the list.
So to get this straight:
