Bought in today... have missed out on the impressive gains so far but solid progress is being made here and a good story developing so it looks good for more gains in the near future (imho)....

Quindell Portfolio, the brand extension company, says trading has continued positively in the period under review, building on the strong performance delivered by the Group in the first half.

The company expects to be significantly ahead of market expectations for the 15 month period ending 31 December 2011.

The Group announced back in October that it had won contracts with six established brands and one exciting new digital brand within the insurance, telecoms and utilities sectors, including for the first time, solar energy; and that revenues for 2011 were expected to be ahead of market expectations.

Since then, the Group has won further major contracts with established brands within the telecoms, utilities, on-line education and insurance sectors for both its technology enabled business process outsourcing division and software solutions division.

In aggregate, these contract wins could contribute over £6 million of annualised revenues. In addition, the Group has acquired two further businesses, Maine Finance and, most recently, Mobile Doctors Group Plc.

Margin performance has also been strong and, for 2011, margins are expected to be between 35 and 40 per cent. within its technology enabled business process outsourcing operations

A moral victory yep, but for how long??.

The Securing the Protection of our Enduring and Established Constitutional Heritage (SPEECH) Act is a federal statutory law in the United States that makes foreign libel judgments unenforceable in U.S. courts, unless either the legislation applied offers at least as much protection as the U.S. First Amendment (concerning free speech), or the defendant would have been found liable even if the case had been heard under U.S. law.

Yep Cyners, Quindell wont see a penny.

Quindell Claims Victory over Gotham in libel case. Bollocks. And I shall see you in Court Bitchez

By Tom Winnifrith

Quindell (QPP) has today declared victory in its libel case against Gotham City. As ever with Quindell it is not telling investors the real story. It has disproved none of the Gotham allegations in Court and almost none out of Court and this is why…

The case was brought in the UK Courts. Quindell knows full well that under the Speech Act passed in the US in 2010 (see here) the judgement is 100% unenforceable in the US. As such it can witter on about a hearing in November will set damages etc. but in reality it won’t be able to enforce collection of a cent. Gotham has not withdrawn its tweets or its report. Has Quindell sought to achieve that it would have had to take legal action in the US where libel laws are far more writer friendly/bully boy crook unfriendly than in the UK.

Equally Gotham will have known that a UK judgement is utterly unenforceable. On that basis why should it waste its time and money defending itself in the UK? It can carry on publishing with impunity unless Quindell steps up to the plate and takes US legal action. And that is not going to happen.

If you want to see the practical implications of The Speech Act look at the case of Investor Hub vs Mina Mar (Canada) HERE – the point is that Quindell knew that a UK ruling was pointless and would almost certainly not be defended so in going ahead I suggest that it did so for PR purposes only.

Incidentally there is an alternative explanation. As of early August Gotham had not been served. Did Quindell serve to the correct address? I assume so but is it possible that it did not. It is also possible that the notice was mislaid between that registered address in Delaware (where I assume thousands of companies are registered) and Gotham in NY? If this is the case Gotham could either appeal and get thus judgement set aside or it could just stick with the Speech Act.

Either way Gotham, as things stand, can carry on tweeting and publishing. You would hope that it would make a statement today. It really should do so.

What about Quindell’s case against me? So far no papers have been served but, sorry to disappoint the Bulletin Board Morons, but I am not shitting myself waiting, I want papers to be served. Because that kicks off the disclosure process. Now I know that to date in its correspondence with me Quindell’s lawyers have not complied with The Pre Action Protocol on defamation, and the Practice Direction on Pre-Action Protocols however going forward if it has information which can shorten any case so save Court time it would be forced by a judge to hand it over.

That information relates to the contracts with Blake Lapthorne in 2011 which allowed Quindell to commit accounting fraud by boosting its 2011 profits by £150,000 and its net assets by £150,000. More pertinently it relates to TMC Southern. Quindell – in its ham-fisted and amateurish attempted rebuttal of me conceded that TMC owner Mark Ford was a key member of Quindell management in 2011. Thus TMC was a related party to Quindell. So why were its trades with Quindell not declared in the 2011 accounts?

Could it be because Quindell gave TMC shares which it then flogged for a £5.6 million profit which was ALL spent placing business with Quindell on a near 100% margin which thus accounted for c 125% of group reported profits that year? If so, and I am sure that this is what happened, then the case is over, I win and those guilty of what would be wholesale accounting fraud will find themselves in a rather different court pretty sharpish.

Of course the AIM Regulation team could – if it was not a chocolate teapot – put us all out of our misery by forcing Quindell to hand over this information now. That would be goodnight Charlie for the Quindell share price and I suppose it could happen at any stage.

But assuming that the regulators remain useless let’s hope Quindell cracks on as I cannot wait for the disclosure process.

See you in Court Bitchez.

- See more at: http://www.shareprophets.advfn.com/views/7665/quindell-claims-victory-over-gotham-in-libel-case-bollocks-and-i-shall-see-you-in-court-bitchez#sthash.slq45Afw.dpuf

quite possibly, but setting down their marker was certainly needed
if they have a case in USA - ever tried suing a company registered in Delaware! - they would need very very deep pockets to pursue it, and no doubt a good number of years

interestingly, the market has been underwhelmed

LOL LOL LOL LOL LOL LOL LOL

Winnies certainly entertaining.

Cyners earlier page Winnies take on the situation. So entertaining.

Are they related ?

Winnie looks like Harry Enfield to me in one of his characters.

Quindell Lawyers Letter Received – it’s Stalinist and I shall see you in Court Bitchez

2014-08-19

I have this morning received a lawyer’s letter from Quindell (QPP) as has ShareProphets. It does not cite any specific factual errors made by me but none the less demands that I withdraw all articles on ShareProphets, put my name to an apology and admission of God knows what else drafted by Quindell and that I never write about the company again. Is this not a tad Stalinist?

I am threatened now with an injunction and legal proceedings.

Separately on its blog but not via RNS Quindell has put out a statement suggesting that I am just regurgitating Gotham in an amateurish fashion and answering my points. I think Quindell knows that I have taken Gotham a lot further. I am not – as the blog intimates – involved in a co-ordinated shorting campaign and it is amateurish of Quindell to suggest that without any evidence. You can read Quindell’s blog HERE.

In its blog

Quindell does not state which company accounted for 41% of 2011 sales. Was that TMC and if so is it right to book this all as profit when the sales were funded by selling Quindell Shares.

Quindell says the shelf company set up by its lawyer Mr Mark Hepworth was not in fact owned by Mr Hepworth but by his employer Blake Morgan. Do lawyers normally bill clients this way? Really? I did not as the blog suggests I did state that this had anything to do with future Quindell deals I merely raised it as highly unusual. Perhaps Blake Morgan bills all its clients this way?

Quindell asserts that BestPriceHotDeal was bought for its warehouse capacity etc. Why then did its sole director Mr Dods tell me on Friday that his company had nothing to do with Quindell and that the shares Quindell bought were bought to help out a mate of Rob Terry?

A lot of EBITDA numbers are banded around to justify various transactions but with Quindell’s accruals and inter company transactions policies that means nothing. What cash have these acquisitions generated?

We are now told that shelf companies were bought for seven figure sums because of the future revenues the vendors will bring to Quindell but this is not a golden hello. Whatever. I’ll leave that to HMRC to decide.

The blog also states that it has initiated legal proceedings against me. Well Dorsey & Whitney has sent the fascistic letter and given me until 4PM to respond.



I have responded.

Dear Sirs,



If there are any factual inaccuracies in any articles I have published I will correct them. Your demands otherwise are unreasonable.

Perhaps you might clarify which company accounted for 41% of Quindell 2011 sales. That and numerous other matters referring to other similar transactions involving PT Healthcare, Ingenie and Himex will no doubt come out as part of as extensive disclosure list should you wish to take this matter further. I personally cannot wait.

I regard your demand to dictate an apology, to have articles removed just because you do not like them and to bar me from writing about Quindell ever again as Stalinist if not Orwellian.



As such, see you in Court bitchez.

Tom Winnifrith

- See more at: http://www.shareprophets.advfn.com/views/7287/quindell-lawyers-letter-received-it-s-stalinist-and-i-shall-see-you-in-court-bitchez#sthash.iAnwpveb.dpuf

is that man just a total and utterly arrogant arsehole or have i missed a redeeming feature?

You have missed nothing!

Youve missed this.....

The Old Bill take Away Death Threat evidence and ask Tom Winnifrith for a list of folks who hate him er….
Published 11 days ago

And so the Old Bill finally arrived in Clerkenwell yesterday. They were diligent, have bagged the death threat and seem to be taking enquiries seriously. A nice policewoman is in charge and when quizzing Real Man Pizza Company boss Darren Atwater, who opened the letter, she asked “might Tom Winnifrith supply a list of those who hate him?” Er…

Darren says that he found himself thinking of a telephone directory.

Apparently anyone on the list gets their fingerprints taken and may be asked for a saliva sample. I was thinking about the mother-in-law but she is actually being rather nice to me these days. Some of my wife’s mad left wing colleagues would rather enjoy boasting about the fascist Police State so I will not give them the pleasure.

How about Rob Terry at Quindell (QPP)? I am sure he hates me and getting his dabs done now could just save time for later if he finally fesses up that related party TMC was the 41% customer in 2011 so making the accounts for that year utterly fraudulent. But I am not sure that the death threat was written in the style of Mr 2+2 can = 5 – it was not accompanied by a complicated powerpoint presentation after all.

So who to suggest? The entire shareholder list for Quindell, blinkx, Globo and Phorm? Jim Ellerton? Terry “Junk” Bond? Certain employees of The Evil Empire? Certain members of the London financial PR community?

I shall take this seriously and provide a serious short list. But I should perhaps flag up that there may be a rather longer list of potential suspects out there.

- See more at: http://www.shareprophets.advfn.com/views/7470/the-old-bill-take-away-death-threat-evidence-and-ask-tom-winnifrith-for-a-list-of-folks-who-hate-him-er#sthash.mEpQFTNu.dpuf

I'veI just remembered who he reminds me of - it isn't Francis as posted above - its David Icke.

Falling back every day.

Approaching 9p old money.
2517

That's right George.

very happy to see it, though my position is modest

I fear investors will lose a lot of money here.