Potential Voluntary Administration, page-181

The serious investors still haven't bought the stock.
The serious shorters bought in at $8 and covered after the last result at 40c or so and then found more frauds to expose.
https://gothamcityresearch.com/2014/04/22/quindell-plc-a-country-club-built-on-quicksand/
It was an absolutely brilliant call and paid off fabulously. I don't think he calculated that it was worth 8p in the pound that was short sellers poetic license (or lying).
All that are left are the delusional stale bulls like Mighty pretending that the decline in shareprice is meaningless and that he knows what he is doing.
His thinking is so appallingly defective and as a real value/contrarian investor it appals me to see what are powerful ideas miused and misquoted so badly. Not having actually read or understood any ideas - he's just heard of Warren Buffett like most so-called "value investors" on these forums.
I am convinced Mighty knows far less about this business than I do and I am no expert.
If the shareprice falls you haven't lost money if your judgement is correct.
People who followed Mighty's bullish sentiment into the stock are now faced with the difficult decision to hold for a very risky turnaround being executed by a stock carrying insane levels of debt. Relative to equity relative to cashflows you name it.
I wish everyone a merry Xmas, we all learn from our mistakes - some at a glacial pace relative to others it seems.