Suffice to say the big winners from this transaction are the old gang, the associates of the King of the fraudsters Robert Simon Terry, not shareholders in Watchstone (WTG), Quindell (QPP) as was. But its remiss of the new team at Quenron not to keep you updated. So let me assist.
You may remember that among the 191 worthless businesses which formed the Quenron empire was one called Business Advisory Services (BAS). It was bought in 2012 in a shares based deal from Bradley Wingrave, Simon Rand and Mark Read - Mark featured in a number of Quenron deals.