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Quindell – 1 Himex Question Answered, but a new one posed and a new er..untruth revealed

Tom Winnifrith
Friday 20 June 2014

Yesterday I posed a number of questions about the purchase of a 19% stake in Himex in July 2013 by Quindell (QPP). Thankfully one question – has been answered by folks who are not Bulletin Board Morons. But that throws up another question and – having slept on it – I realise that I missed out one er…untruth - from that July RNS.

The original article is HERE.

The question answered is how come Quindell did not issue any shares to buy the stake (as per annual report) when it claimed it was paying £9.5 million via 64.8 million shares and £1.8 million in cash?

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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