3188 days ago
In this part of the bearcast I go through all the frauds admitted to by Quindell today, the bungs, the lies, the non disclosures, the revenue recognition issues, the panama pumps. Most of this has been revealed on this website already but today Quindell fessed up. What we said abut Himex, TMC, Stretton Knowles, the fraudster Rob Terry...it was all true. And that means that Rob Terry WILL go to prison for this. And so will others.
Part two of this podcast - what happens now to shares in Quindell and Slater & Gordon is HERE
3474 days ago
Rob Terry of Quenron (QPP) is today once again exposed as a liar of monumental proportions. Even the money-grabbing leeches round at Nomad Cenkos should by now be considering their position as I expose today’s £140 million lie told by Mr 2+2 can = 5.
Shares Magazine promised its readers a hard hitting interview. Bollocks! This is a blow job on paper. No questions about TMC, Himex and the accounting fraud. None about the RNS lies. This is cock-sucking journalism, an embarrassment to our trade. But the gem is a lie that Mr Terry tells unchallenged about his cash position. Let me quote from Shares magazine:
3522 days ago
Who was the 41% customer of Quindell in 2011? Was it TMC which had a spare £5.5 million (more than 100% of stated PTP and cashflows) thanks to the Quindell shares it was issued with and flogged? I only ask because of a revelation regarding Quindell flogging shares it issued to itself in today’s interims. That stands out but what about those accruals? Boy oh boy.
So earnings come in at 30p and Quindell insists that it will hit all targets. I expected nothing less. But I serve up for you a stack of red flags.
