If you are a bull of Quindell (QPP) then that must largely be because you trust its founder, Mr 2+2 can = 5 Rob Terry. After all almost 40% of the revenue Quindell books this year will be accrued (i.e. not even invoiced but just based on what Rob Terry thinks will come in). He has bought businesses for massive prices from old friends based on what they might do (Himex and of course Brand Extension as exposed HERE yesterday). So you trust Rob Terry.
Ok, The Innovation Group crashed as did his prior venture but you reckon he has learned his lessons and THIS time he is playing it differently. I happen to disagree. Right from the launch of Quindell onto AIM in 2011 via an RTO the then Country Club business engaged in business practices which were simply not sustainable and which – to any impartial observer – scream out Red Flag ahoy!
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