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Bod and friends...going up
Do not buy this share. If you want to throw away money give it to charity instead.
I can’t believe it. They have cash equivalent to 8p a share. Lol. Why pay more than 8p. This has to be bod and family. Nobody in their right mind would surely buy this
who is paying ~40p for this shite?!
Well penn has put your pre-market prediction to shame!
Think probably cannot sell...or they waiting to see open offer??
Can’t believe somebody has bought some. Has got to be the bod. Nobody would touch this sham
absolutely made up
Lol. Who are they kidding 50p to buy 20p to sell.
It will be interesting to see what price this is today. Don’t expect any buys at all. I wouldn’t imagine it being anything over 8p. Even that seems generous considering
As for any possible deals, the company tells us that: the Company is not currently in any advanced negotiations with any target. In accordance with this focus on businesses within the e-commerce sector, and counter to speculation in the market, the Company emphasises it has no plans, nor intentions, to make acquisitions within the sphere of digital currency or blockchain technology. So that appears to rule out the wild speculation that was going on when the shares first listed. Well, good luck to all concerned. I hope it all works out and nobody gets shafted. But this highly professional IPO has been a complete shambles both in terms of the paperwork (albeit a relatively minor transgression) and more importantly in terms of achieving an orderly market. I don�t know who is responsible for the latter, but someone surely should have realised what was going to happen if the newly listed shares were on bits of paper which had not been sent out, and people suddenly started buying. As for those who piled in at up to 125p for stock which was not available, is anyone going to make their seemingly inevitable losses good, whilst placees appear to be in the box seat to cash in? Is that how the London Stock Exchange wants its Official List to be seen?
We are told that: It is expected that once the Suspension has been lifted, and enough time has elapsed to allow all outstanding trades to settle, the Company intends to make an Open Offer for up to approximately �250,000 at the Placing Price. That should ease liquidity further, but it is hard to see investors queueing at the door for stock at 20p when most of the cash raised was at just 8p for a cash shell. However, it does mean that if the shares do not collapse back to 8p then existing shareholders can get in on the same terms as the placees so that seems fair enough. To emphasise the silliness of the share price movement, the company states that even at the 20p placing and open offer price, the market capitalisation would be �10.3 million � a considerable premium to the sum of current cash on the balance sheet�and the proceeds of both the placing and open offer. Of course, the placees look to be pretty certain of a win: their shares will be admitted, it seems, ahead of a lifting of the suspension. Does that mean that whoever was buying at 125p will see their cash (or at least some of it) to the placees? Nice work!
In one of the most bizarre listings the UKLA has allowed through, AIQ (AIQ) got onto the Standard List in January, only to be suspended three days later. The shares had gone mad, rising to 125p at suspension despite being a simple cash shell having raised money at just 8p. It seems that there were buyers but nobody could sell as their shares were paper certificates which had not arrived. But there were a few other matters too. There were Red Flags all over the place: the list of directorships was obviously incomplete (despite assurances that this IPO has been handled very professionally) and a wander through Google showed the linking of AIQ with businesses out east which were somewhat questionable. Those links were taken down and the links denied (apparently they had been put up by someone else), and internet speculation that a deal was in the bag for AIQ proved wide of the mark too. But the directorships were admitted and have now been corrected. Naturally, perhaps through gritted teeth, I accept the explanations, despite the possibility that some of those buyers may have originated from beyond these shores, based on (wrong) information. Indeed, while the wrong information has been taken down, I wonder why it had not been addressed before the IPO. Today we are told that there is to be a placing and open offer at 20p. The placing is for 575,000 new shares, with discussions underway, the idea being that this new stock when combined with existing stock which has now been dematerialised will allow an orderly market to be established.
Exactly evalu8.....Why have they done this 20p raise ???????? WELL.....they have like you stated �3.5 million in ready cash, they haven't invested a penny yet.....why the raise you ask....why at 20p ???? WELL....Like they quoted """""""""""""""the Company's total enlarged share capital would comprise 51,839,375 shares which, at a price of 20p, would capitalise the Company at approximately �10.3 million """""""" OKAY.......BUT that's still THREE times its cash value .........after the conjured raise at 20p to make fools think its worth 20p a share.....NO after the raise its worth less than 8p per share in cash.....They have done this odd little raise "THEMSELVES" To fool the foolish into thinking that's its true value....LOL....If you divide its cash pile out to shareholders they get 8p per share......that's if it is done quickly, before its eroded by the wages etc
At the end of the day this company just has a pile of cash- NO investments at all yet. They have around �3.5 million in cash. Divide that by 50 million shares and that's around 7p per share. Why people ever paid multiples of that is crazy. I am very interested to see how it goes tomorrow. I would imagine mega bail out.
I watched in disbelief that day. In the past I’ve bought into crap aim shares with no hope, but were ramped like crazy and chased- always buying and selling the same day. This one looked too crazy to even attempt that. I am interested to see what it returns at, as on paper it’s worth 8p a share and no more- well that’s not accounting for this debacle and the very shady past of the bod. So taking that into account I’d say it’s worth around 5p a share. Wouldn’t even think about this one.
eValu8.....I think i paid over 50p on the first day but then, my experience told me to get the f/out quick as it was destined for a big crash...i got out at 62p and only made 400quid. What surprised me is that the suspension took too long in coming, i thought there would have been a massive sell off on the first day but that didn't come until three days later, i believe....lucky escape. The placing, imo only serves to 'feed' the BoD with working fag and coffee money, until they decide where they are taking this company...and expecting a big sell off, even at 20p...let's see, if no extra news this should drop to 10p with i suspect a 'poor' take up of the shares. They have nothing to offer investors.I also think the idea behind the placing is a last ditch hope that many will buy the shares but at the same time allowing the shares to remain at or around 20p without encompassing the 'expected' sell off.......investors want their money out at any price and suffer the loss, The best you can hope for is if you bought in at below the placing price...get out is my advice. IF it should rocket again on the 19th...it will soon be sold into....tricky one this...good luck to any that read this....imo
The whole thing is strange. I along with many others watched in disbelief. The company has no investments yet just cash at the value of 8p a share. Why did anybody in their right mind pay over 10p . Let alone some of the crazy deals bought at 150p. It’s laughable. People chasing it just because it was moving higher. It’s value is 8p a share. Maybe if it had something really promising lined up you could maybe pay a touch more and go to 10p. I hate to see people lose money but I can’t believe this one. Are there any owners of Shares that paid more than say 20p here ?
The Board of AIQ Limited, a special purpose acquisition company formed to undertake one or more acquisitions of a company or business in the e-commerce sector, today provides an update to the market on the proposed resumption of trading in the Company's shares. The Company also announces that is has raised approximately �115,000 (gross) by way of a placing of 575,000 new ordinary shares of 1p each (the "Placing Shares") at a price of 20p per Placing Share (the "Placing Price"). The Placing Shares will rank pari passu with the Company's existing ordinary shares. The Company has made an application for admission of the Placing Shares to the standard listing segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities ("Admission"). It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00 a.m. on 19 April 2018, at which point it is expected that the suspension will be lifted and trading of the Company's ordinary shares will resume. https://www.investegate.co.uk/aiq-limited--aiq-/rns/placing-and-update-on-resumption-of-trading/201804131402039088K/
Im not gonna sell no points. I will leave it for ever. If one day recovered i will spend the mony on drugs
"Once the Company has concluded discussions with investors on the proposed Placing, a further update will be provided on the timing of Admission of the new shares and the proposed date of lifting of suspension. An announcement is expected to be made in the next few days. " https://www.investegate.co.uk/aiq-limited--aiq-/rns/proposed-placing-and-open-offer---replacement/201804111109525803K/
Did they mention the lifting date?
"...once the Suspension has been lifted, and enough time has elapsed to allow all outstanding trades to settle" That will be interesting to see how it pans out. �1 to 5p to 75p to 15p to 50p to 20p?
https://www.investegate.co.uk/aiq-limited--aiq-/rns/initial-admission---offcl-lst/201801090700022848B/ "The Company highlights that a market capitalisation of approximately �10.3 million would represent a considerable premium to the sum of current net cash on the balance sheet of the Company and the proceeds of both the Placing and Open Offer. "..........There is the warning, without further acquisition news, this will likely settle at cash value just shy of �4 million *IMO
"1) The Company intends to undertake the Placing of up to 575,000 new Ordinary shares at the Placing Price, and discussions are currently underway with potential investors. The Company expects that this will result in approximately �115,000 being raised for the Company, which will considerably increase the number of shares held in dematerialised form in CREST. Following Admission to trading of the Placing Shares, the Company's enlarged share capital will comprise 50,575,000 shares which, at the Placing Price, would capitalise the Company at approximately �10.1 million. 2) It is expected that once the Suspension has been lifted, and enough time has elapsed to allow all outstanding trades to settle, the Company intends to make an Open Offer for up to approximately �250,000 at the Placing Price. Assuming full take up under the Open Offer, the Company's total enlarged share capital would comprise 51,775,000 shares which, at a price of 20p, would capitalise the Company at approximately �10.3 million. The Company highlights that a market capitalisation of approximately �10.3 million would represent a considerable premium to the sum of current net cash on the balance sheet of the Company and the proceeds of both the Placing and Open Offer. "