We have received not one but two MORE bullyboy lawyers letters from Canaccord. The adviser to Quenron’s abortive move to the main market and until last week co-broker to the fraud that is Quindell does not even want us to quote from its recent volte face note on Quenron. You will no doubt have seen Canaccord notes on other matters quoted verbatim widely all over the media. So why is it so ashamed of this research report?
You will remember that on 21st October Canaccord published a note advising folk to buy Quindell with a 362p target. But last week it withdrew its recommendation and forecasts. It warned of major goodwill and accrual writedowns and raised concerns about the working capital position. In essence it appears to now agree with much of what I have been saying for months.
Canaccord argues we are breaching copyright.
One defence is the public interest and you might ask Canaccord the following questions:
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