Skillwise

3422 days ago

The Empty Quindell Box at the Emirates - £72,000 a good investment: make Larry an offer!

What was Quindell’s (QPP) worst investment? It is hard to know. £2.77 million for Skillwise (sept 2013), a company with no assets bought by its previous owner the day before for £68.40 including VAT is a prime contender. The £150 million spent on the cash consumptive shite that is Himex must be another. But how about a luxury executive box at the Emirates?

Yes, the ability of Quenron to waste shareholders cash knows no limits. I would have thought that having to watch Arsenal all season is a good enough punishment for some crimes but reckon that Rob Terry deserves an far stiffer sentence when he finally meets justice – at least a decade inside and a £19 million fine, for reasons I explain HERE.

But Quindell does indeed have a box at the Emirates. If you are a glutton for punishment,

3507 days ago

Quindell and Jonathan Stretton Knowles, or is it Jon, or Stretton-Knowles – curiouser and curiouser: More Quindell Horseshit

I flagged up HERE the very curious case of Skillwise and Jonathan Stretton Knowles. But doing some digging this becomes all the more mysterious and smelly. It really stinks even by Quindell (QPP) standards.

To recap. Skillwise was a shell company established in August 2013 and bought on the 16^th of that month by someone Quindell opts not to name for £68.40 (including VAT). It had no assets and was worth £68.40 (including VAT). On September 2^nd it was bought by the Quindell group via a now wholly, but then 51%, owned subsidiary by the issue of £2.77 million of Quindell shares.

Quindell stated in its ham fisted attempt to rebut some of the Red Flags

3546 days ago

Red Flag of the day: Quindell And that Mark Ford fellow again – BE Insulation (UK) Ltd

I gather that my first Mark Ford article HERE has had some effect round at the Country Club. Skillwise, the shelf company with no assets bought by Quindell from (I think Mark Ford) for £2.76 million in cash on August 30^th 2013 has finally appointed some directors (Rob Terry and Laurence Moose). And it has extended its year end. So I guess some revenues will be put through it and it will not be struck off. But while we are on the subject of Mark Ford, let’s move onto BE Insulation (UK) Ltd.

3549 days ago

Quindell and that £2.75 million & £1.75 million pissed away – who is Mark Ford, the shocking tale of Brand Extensions and Skillwise

In the run up to September 30^th Quindell (QPP) faces not only a critical cash crunch but also the unpleasant task of filing annual returns for a host of associate and subsidiaries and these will – I guarantee – prove to be a veritable red flag forest. The first of these reports is now in, Brand Extension, and this will shock even the #QPPSAG as they ask where shareholders cash has gone. Do Nomad Cenkos and broker Canaccord – to whose compliance department this article is going – have no qualms about this company?