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Quindell, the RAC, those red flag infested interims and a missing £15 million

Tom Winnifrith
Saturday 6 September 2014

Hat tip to poster Dalesider here on ShareProphets.com for alerting us to the fact that the Quindell (QPP) interims throw up another red flag and it concerns the much hyped deal with the RAC. Quindell says it is being restructured, I worry about the missing £15 million and wonder if the deal is in tatters as a result of Quindell’s cash crisis.

We start back in April when the Quinnovation Group (my little joke, I meant Quindell but for an explanation go HERE) announced that it was hooking up with the RAC to go into telematics.  The strict financials was that a new company was being set up – Connected Car Solutions. I quote from that release:

on ShareProphets | Comments
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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