Re: QPP Stream Log - When I posted after the...

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13:55 11/06/2014

When I posted after the announcement of the 9th that there may be a problem with the listing process I was told that "I was talking utter tosh". I hold some shares, so I get no pleasure from this- but the announcement today is also deficient. If Quindell has fallen foul of the material change rule this would have been flagged in the first set of comments from the FCA on the Listing Particulars. If the process had "been on track" on Monday then Quindell would have known there was a possible problem- in which case questions will be asked as to why the announcement on Monday was made (I did flag that I thought the announcement was a negative, and got shouted down). This whole process has been appallingly badly handled by the company and the advisers. The company has shown itself to be, from an institutional viewpoint, uninvestible. While the stock remains on AIM the primary regulatory responsibility rests with the NOMAD- on the Main Market it rests with the FCA- looks like the FCA didn't want that risk.

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