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Quindell & PT Healthcare part 2 – more questions

Tom Winnifrith
Friday 27 June 2014

Over the weekend I asked why Quindell had NOT issued 100 million shares to increase its stake in PT healthcare on March 28 as it had said that it had done? It answered that today by finally issuing the shares and telling a lie. I then fired over more questions on PT which Quindell refuses to answer.

On 26 September 2013 Quindell stated that it had bought a 26% stake in PT by issuing 31,551,270 shares. But strangely it seems not to have issued the shares to the owners of PT but to PT itself which was – by dint of monies leant to PT by Quindell and by dint of the option agreement to buy the other 74% - deemed as being controlled as of September 26th by Quindell.

This is odd.

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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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