Quindell did not cease trading by Christmas. This was yet another inaccurate statement.
Rather than detractors posting information that has no credibility or impact on the viability of the business, such as:
a) sleeping arrangements of Quindell staff
b) Usage of hospitality box at a football match
would detractors mind answering a few simple questions. Most of these questions have been asked on several occasions.
Answering these questions would provide investors with an alternative view and provide both sides of the argument.
1. With Quindell allegedly on the verge of insolvency. What is the point of repeating accusations? The next grenade due for detonation is staff will not be paid on the 6th January. Why waste time making more claims if it is game over for Quindell on the 6th January 2015?
2. Why would Institutional investors loan out their shares to shorters? If the business fails these investors would receive nothing for their investment.
3. Why would any company overstate its profits and pay tens of million of pounds in Corporation tax?
4. Forensic analysis of accounts and business has resulted in no professional organisation finding anything wrong. Why are detractors so deluded they believe they know more than these astute professionals.
5. Quindell are signing major contracts with companies that will have carried out due diligence on Quindell. Why would they do this if the business is about to fail?
6. Why hasn’t Quindell significant longterm debt if it is trying to stay afloat?
7. Why are several businesses wanting to buy or invest in Quindell businesses if they aren’t viable?
8. Why has Quindell acquired so many businesses that operated successfully prior to the Quindell purchase but are now apparently unable to operate profitably?
My view unless the above can be answered is Quindell is a viable business.