1719 days ago
We said on Friday that our fellow Quindell (QPP) exposers Gotham City would publish a Burford (BUR) Dossier this weekend. Limp dick deadwood press PR cocksucking journalists, notably at the Sunday Times, published exactly the same story as “news” on Sunday. And they wonder why serving up very sloppy seconds, copied from internet sites, sees their readership numbers continue to fall? Anyhow the Gotham dossier is live and we republish it in full below. To be honest it is a bit pompous and self praising but when it comes to hard analysis it offers little new.
2196 days ago
Darren uploaded yesterday's podcast by mistake becuase he is a fucking idiot. I am considering his future and mine tonight. Here now is today's podcast. To tip Quindell before Gotham City and I started to expose it was perhaps understandable. But to single it out as a stunning value investment afterwards? Who could have been so fecking dumb? As you can see HERE it was the same system also that thought Globo was a cracking investment when some of us very publicly said it was a fraud. Which system could be so bad? Step forward Ed Croft and Stockopedia and he says that Nigel Wray invests in "sucker stocks"?. I explain why Ed's system is bound to have some horrible failures and miss a stack of big winners. In this podcast I also look at Vitesse (VIS), Tern (TERN), Inspirit (INSP) which has a mega spoof today and Online Blockchain (OBC) where I am just a confused old dinosaur.
3437 days ago
Tomorrow I will be calling rock stars from across the bear community as we need to think of those less fortunate than ourselves. It is time to record our charity single… Feed the Morons. The message has gone out to Gotham City, Evil Knievil, Paul Scott, Lucian Miers, Paddington Bear, Matt Earl, John Hempton of Bronte, Sam Antar, Muddy Waters, Citron Research, Nigel Somerville, A Huntsman, Dan McCrum, Paul Murphy, Pizza hardman Darren Atwater, Cockney Rebel and Kevin Ashton. We gather tomorrow in Clerkenwell to raise money for those facing a bleak Christmas, Quindell staff and shareholders as we record Feed the Morons, Do they know it’s Christmas?.
Apologies to Midge & Bob but here we go..
3476 days ago
Valiant corporate crusaders, brave seekers of truth and scourge of whitecollar crime, Gotham City has broken cover after months of silence. In the wake of Quenron’s (QPP) disastrous trading statement released today and Gotham does it mince its words. It has just posted two tweets in the past 90 minutes which read:
3506 days ago
On 19th August 2014, Quindell’s (QPP) lawyers wrote to me giving me eight hours to agree to withdraw all articles about Quenron, sign a grovelling apology written by them ( how fucking Stalinist) and not to write again. Otherwise I was threatened with a number of measures including injunction and a libel case. I replied within the deadline that I would see the bitchez in Court.
I heard nothing until September 10th when I got another letter from a different firm of lawyers. It stressed that the original firm was still handling Gotham - since that is nothing to do with me, do I care? – but that a new set of bully boys were now on the case. I am not allowed to report its letter since it was sent in confidence however I can report that it has withdrawn the threat of an injunction and has yet to serve me with any papers regarding an action– it is now more than a month since its first letter. That is a great pity since we could then have started the process of seeking disclosure of matters which would show quite clearly that The Quinnovation Group has indeed committed accounting fraud.
3507 days ago
Sam Antar was at the heart of the biggest fraud on Wall Street of the 1980s – he was FD of Crazy Eddies. But he plea bargained, escaped jail and has endeavoured to set amends ever since by expositing corporate fraud, accounting wrongdoing and by assisting the SEC in fraud busting. He is THE big daddy of fraud exposure, if he goes after someone it makes my efforts or those of Gotham City seem like those of kids in the park. And yesterday he tweeted to a certain well known AIM listed British company.
3507 days ago
I have noted before how I regard Paul Scott as the UK’s top share blogger. A trained accountant his judgement is, nearly, always bang on the money. And he is a nice chap although his recent Greek travel exploits seem a bit wishy washy to me – next time Paul fewer whinges about mosquitoes and tweets about cocktails, more frigana cutting! Anyhow, he posted a comment on Quindell (QPP) yesterday which is bang on the money and reads:
3507 days ago
Quindell (QPP) has today declared victory in its libel case against Gotham City. As ever with Quindell it is not telling investors the real story. It has disproved none of the Gotham allegations in Court and almost none out of Court and this is why…
The case was brought in the UK Courts. Quindell knows full well that under the Speech Act passed in the US in 2010 (see here) the judgement is 100% unenforceable in the US. As such it can witter on about a hearing in November will set damages etc. But in reality it won’t be able to enforce collection of a cent. Gotham has not withdrawn its tweets or its report. Has Quindell sought to achieve that it would have had to take legal action in the US where libel laws are far more writer friendly/bully boy crook unfriendly than in the UK.
3528 days ago
Quindell concedes that in 2011 one customer accounted for 41% of revenue. In Gotham City’s detailed report on Quindell (QPP) it stated that this customer was SMI Telecom. That was the one point where Quindell stated explicitly that Gotham was wrong. For indeed I bet you £5 (that is not £2 + £2, but £5 in case Rob Terry wants to take the bet) that this company was TMC Southern and that this means that 41% of Quindell’s sales were simply round-tripped proceeds of the sale of Quindell shares. Let me explain.
3540 days ago
A bull of Quindell (QPP) puts it to me that the SIX cases where I have shown that Quindell uses shareholder cash or issued shares to but worthless companies from pals of Rob Terry can be defended with the Golden Hello argument. I am afraid that “J the Bull” might simply push Rob Terry out of the frying pan and into the fire. I refer now to fraud 7 Simon Hall Associates. But I also raise the issue of potential breaches of the tax laws for which the maximum penalty for Rob Terry is 20 years inside.
Quindell itself used the Golden Hello argument when defending the Gotham City allegation that it had paid £1 million in cash to buy the shell company Simon Hall Associates on 11th May 2012. Quindell stated:
3546 days ago
Sorry to be a pedant but I have to ask – who was Quindell’s (QPP) largest trading partner in its IPO year of 2011? Quindell has never made this clear and its use of language on the Gotham denial puzzles me. Perhaps Mr 2+2, Rob Terry, can assist? And while he is about it can he expain why he is so keen on handing over millions of quid belonging to shareholders to buy shelf companies worth £68.40 from his old pal Mark Ford ( spelt with an R) - see HERE.
That 41% of sales came from one customer is not disputed and this massive ramp up in reported sales helped turn the Country Club into what it is today. Gotham City alleged that this customer was a related party SMI Telecom. Quindell’s response was:
3549 days ago
All the players in the Quindell (QPP) tale are in there: Rob Terry, Laurence Moose, Mark Ford, PR girl Foxy Bex, Steamy from the ridiculous QPPSAG, Cenkos, Kevin Ashton, Daniel Stewart, Gotham City, ebola, the UKLA and Canaccord. I hope you enjoy watching as much as I enjoyed producing this video.
3577 days ago
Shorters, or bear raiders, are vilified by the ignorant as destroyers of wealth and of jobs. Some folks want shorting banned. They are wrong. The only people who benefit from banning shorting are crooks, liars and frauds. Capitalism needs shorters for it to work efficiently. Here’s why.
Let me ask you to point out how many PLCs the FCA or before it the FSA ever called out for fraud and had suspended? Er…zippo. The Regulator is a box ticker, an agency of Government and thus, by definition, useless. It would argue that its job is not to seek out fraud but to act on it when shown evidence. That might just be a defence but you then ask who will seek out fraud and thus present the authorities with that evidence?
Occasionally you have a kind hearted soul such as myself who does just that. But the reality is that spending months and months researching a company really is not going to make you rich. The ShareProphets operation generates enough revenue to allow me to spend some time doing such work but I could not afford to do it full time.
And thus the only folks who are going to have enough of a financial incentive to do such work are those in the bear raiding community. It took Gotham City many months to prove up its dossier against Spanish fraud Gowex. Now I know that Daniel Yu gets an intellectual kick
3577 days ago
Are ShareProphets readers as bearish about Quindell (QPP) as our writers? We just wondered what you thought. So before you vote here’s some guidance.
I am the most bearish published writer with a 20p target price (although I am considering a downgrade). Heroic Gotham City has
3578 days ago
In the wake of its 5 day kill of 1.4 billion Euro capitalised fraud Gowex, Gotham City Research has renewed its attack on Rob Terry and Quindell (QPP). It has not before used a five letter word beginning with F in connection with the AIM posterboy. It has now.
3583 days ago
When Gotham City published its damning report on Quindell (QPP) supporters of Rob Terry’s firm were quick to rubbish Gotham as a two bit operation with conflicted interests which did not know what it was talking about. On July 1st Gotham turned its fire on Gowex a US and Spanish listed firm with a market capitalisation of Euro 1.44 billion saying that its shares – then Euro 19.91 were worth zero. Today the CEO has admitted that it was all a fraud and the company has gone bust. It took just Five days.
Of course Gowex initially denied all of Gotham’s charges. It said that Gotham had got ait all wrong, reporters were briefed that Gotham was conflicted and it noted “The independent stockbroker analysts have published target prices ranging from €17 to €31 per share. The market consensus is at a value of €23.97 per share.” Hmmm might be some downgrades (to zero) tomorrow I suspect.
Yup six brokers all loved the stock (including Singer N+1 from London). So when folks tell you a stock must be a buy because respected brokers say so just think of Gowex.
And of course Gowex was going to sue Gotham for libel – see HERE – so when a company says it is going to sue a bear
3598 days ago
The global conspiracy theorists are at it again. Clearly Quindell (QPP) shares are falling only because of the concerted and organised attack involving myself, Gotham City, EvilKnievil and no doubt Mossad and numerous others. Nothing whatsoever to do with the numerous red flag, the industrial deafness numbers that don’t stack up, the UKLA rejection, etc., etc. The Bulletin Board Moron of the week, IfonlyIknew on the LSE Quindell thread serves up a classic.
3598 days ago
Post the report from Gotham City on Quindell (QPP) the colourful insurance come technology come country club company made great play of how it had issued a number of lawyer’s letters to those involved in what it saw as a “co-ordinated attack”. One recipient of such a letter was bear raider Evil Knievil.
Mr Knievil had not at that point spoken to Gotham and filed his letter from Quindell’s uber-expensive City lawyers in his dustbin. He has not responded. Two months later Quindell has not sent him another missive. Come on Rob Terry this is poor form.
3644 days ago
In happier BG (Before Gotham) days for Quindell (QPP) the release of an RNS announcement saying that a non exec had scored a 3 under par round at the local Country Club would have seen the shares zooming ahead. But, as I have noted before in relation to Globo, once the faithful start to ask questions non-news ceases to have any effect. Indeed it can be counter productive as punters start to smell the desparation. Which brings me to today’s RNS.
Don’t ask me how but I knew that Rob Terry, a loyal reader of Shareprophets, was in Canada. Rob, I am watching you. Our spies are everywhere. And from the Dominions Rob announced
3647 days ago
The Bulletin Board Morons insist that Cenkos, Nomad to Quindell has endorsed the company by publishing a ludicrous buy note with a 90p target. Sorry folks but you do not understand the system and miss the point.
In the City integrated investment banks operates with Chinese Walls between departments. That is to say Cenkos the broker must operate as if it was a different form to Cenkos the Nominated Advisor.
A broker publishes research and helps companies raise money by issuing shares. A Nomad is responsible for regulatory matters. Ultimately it reports to the AIM team and is responsible to the AIM team for ensuring, inter alia, that e very RNS issued by a company has been verified and it’s true.
Hence post the Quindell rebuttal of Gotham
3648 days ago
I had rather assumed that Quindell (QPP) would unravel slowly. I am starting to think that the big collapseroonie in the share price might happen rather sooner than expected and Friday’s utterly dismal statement only strengthens that view. But let’s start with Gotham City.
Quindell has stated that it will be taking legal action against Gotham for its 74 page dossier. I have now been in touch with Gotham and it seems 100% clear that its attitude might be summarised as “see you in court, bitchez!” It is not backing down and indeed seems to be spoiling for a fight. If Quindell does not go ahead and sue Gotham for libel then its credibility will collapse. If it does, I suggest that this will be a dirty, distracting and costly fight where Gotham will throw mud and some, at least, will stick.
We already have the FT reporting that Quindell has removed from its website an address for its New York Office which Gotham appeared to show did not actually exist. It strikes me that this is not exactly the sort of antics you expect from a pukka blue-chip company.
And then there is the matter of the rebuttal
3656 days ago
Quindell (QPP) has issued a statement saying that it will issue a statement later today refuting the 74 page dossier published earlier this week by Gotham City. So far so good. But it also states that "Legal action has already been initiated by the Company against those responsible for what it believes to be a coordinated shorting attack and reports are also being made on this activity to the appropriate regulatory authorities" Having spoken to one person who has received a lawyer’s letter from Quindell, I ask the question “is Rob Terry now fighting shadows?”
