Re:SFO28 Mar 2017 18:14
Tesco is an unchanged business with a well-defined history that stretches back decades as a British Supermarket.
Quindell has none of that. Watchstone is a vastly changed company. Effectively shareholders have been compensated and will, in theory get even more.
From a post a fair while ago.
""Matters to be taken into consideration in establishing that it is not in the public interest to prosecute a corporate entity
"(f) The offending is not recent in nature, ( It isn't, it is historic) and the company in its current form is effectively a
different body to that which committed the offences (it is now and most certainly by the time of the conclusion of the investigation) . For example it has been taken over by another company, it no longer operates in the relevant industry or market, (Sold most to S & G) all of the culpable individuals have left or been dismissed, ( Absolutely, brand new BoD) or corporate structures or processes have been changed in such a way as to make a repetition of the offending impossible." (PwC report has enabled that)
Would seem highly relevant here. Taken from the CPS guidelines.
I'm not answering yes or no to your question, just pointing out that, as is often the case, the circumstances are not comparable when you get to the detail.
However, if "yes" is going to make people buy millions of shares and drive the WTG price right up another 2 or even 3p, then OK... "YES".
(Do not take my claim seriously. I may be wrong, you can lose money investing on AIM [No, really... you can....] this place is short of experts and even shorter of investment experts.)