2866 days ago
The remaining staff at the Hubio operations encompassing Iter8 in Toronto have been called to a "Town Hall" meeting at 11 AM Canadian time today so by the time their hear of their fate it will be after hours UK so any admission of what has gone on will be on 23rd June, a great day to bury bad news.
3432 days ago
Today Quindell (QPP) has announced that it has issued c100,000 shares that it should have issued a few months ago to the vendors of Iter8 a POS Canadian company it bought last year. The company was founded and run by Mr Tim Scurry whose CV is fascinating. Yes its hand-outs for a Rob Terry mate par excellence.
3584 days ago
To forget to issue shares which you said you were issuing once is arguably excusable. To forget to issue shares that you said you were issuing a second time starts to look like carelessness. Why oh why do the vendors of businesses to Quindell (QPP) not seem to care that they are not being issued with the shares they are owed. I forced a statement on this matter with PT Healthcare (see here) now I turn to Iter8.
3584 days ago
I am sorry to be a bore but I have another question about Quindell (QPP) and shares. Yesterday I asked if it had issued 6,666,666 shares to itself to buy shares to increase its stake in PT. It has not answered THAT question. Before that I wondered why it had not issued shares for iter8. It has not answered THAT question. Now I ask if Quindell has been dumping shares in itself without letting us know? I cannot believe that it has but perhaps Quindell might clarify this matter too.
In the annual report (page 69 Note 1) Quindell States:
3588 days ago
We still await answers from Quindell (QPP) on why it has apparently NOT issued shares it said it would for the purchase of iter8 (see HERE) but now attention turns back to PT Healthcare where the questions mount by the day. But will Quindell answer them. And if not why not?
I revealed in June that Quindell had not actually issued 6,666,666 million shares to increase its stake in PT on March 28th as it had said it had done. Belatedly Quindell then issued the shares but lied as it did so see HERE. But to whom did it issue those shares?
We pointed out that the original tranche of shares issued to PT were not issued to the vendors but to PT itself (which is controlled by Quindell because Quindell has an option to go to 100%, now owns 49% and is also providing the funding to keep PT going) PT appears to have sold some of those 31.5 million shares (pre consolidation numbers) last Autumn without Quindell telling us as I pointed out HERE.
So to whom were the second tranche of shares issued? To the vendors of PT or to PT itself. Put another way has Quindell issued shares to itself?
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