3605 days ago
The AGM of Quindell PLC (QPP) will be at 10 AM on Thursday 19th June and as a loyal shareholder ( as of Monday) I shall be attending and am planning my questions as of now. A few months ago this would have been a love-in with his fan club taking turns to praise CEO Rob Terry, I wonder if the mood may have changed. I still expect that The Sherif of AIM will be lynched by Bulletin Board morons as I ask my questions. On what you ask?
There is so much to ask about. Having proved that the RNS about the acquisition of a 19% stake in 360Globalnet issued in February 2012 was er….untrue (see HERE) there is a lot of mileage in asking about other aspects of the 360GN and QPS deals. Maybe I will, maybe I will not.
One might centre in on why Rob Terry wanted to sell some of his own shares at 40p pre Gotham while telling mug punters that the stock was worth 50p – as we revealed exclusively yesterday HERE
But
3605 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.
3621 days ago
Once again I return to the issue of shares issued for Quindell Property Services – the company bought by Quindell (QPP) on May 3rd 2013. I have already flagged up serious apparent anomalies with the shares issued for this deal which Quindell has declined to clarify – see HERE. But there is more.
