3521 days ago
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:
