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You only refute an allegation when you disprove it... At the moment they are merely denying them. I just feel a nomad walkout may be imminent.
InternetQ nine month revenue and profit rise as both divisions perform well Tue, 17th Nov 2015 12:40 (ShareCast News) - InternetQ posted a rise in revenue and pre-tax profit for the first nine months to the end of September on the back of strong momentum in its two businesses. The provider of mobile marketing and digital entertainment solutions said adjusted pre-tax profit increased 4% to €7.9m (£5.5m), on revenue of €105.6m, up 20% from the same period last year. Business-to-business mobile marketing revenue was up 17% to €79.m, while business-to-consumer digital entertainment revenue rose 30% to €23.3m. Founder and chief executive Panagiotis Dimitropoulos said: "We have seen continued strong commercial momentum across the B2B and B2C businesses over the last nine months. We recently released the landmark self-service advertiser platform, as a separate feature of Minimob, and noted a positive adoption of the proposition by our clients and partners. At the same time, the ongoing restructuring of Akazoo positions us well to continue to accelerate future growth in our B2C segment." Greek mobile marketing company InternetQ crashed 83.75p, or 63%, to 50p after Shareprophets.com questioned its accounts, implying similarities with Globo — the Greek business software firm whose executives admitted fraud in October. InternetQ refuted the allegations, citing “factual inaccuracies”, and claimed the author did not attempt to contact the company before publishing the lengthy blog post.
Jimbo I find your posts extensive and you outline your position as having been rinsed in Globo. The parallels are fair given the greek connection. Don you comment is quite ignorant as this share cannot currently be shorted. If you can't compose a decent argument as to why the share is worth buying rather than speculating on motives that you can't know, then I am afraid your stance is weak.
Yup, deride anyone who agrees as a shorter. that is the standard response on all these boards, it was the same on GLOBO and how wrong they all were. I have never taken a short on anything, I don't like them. it doesn't matter however as a stock goes down on shareholders selling with no need for shorts to be involved. I suffered through this sort of event on Globo, I lost out partly due to being re-assured by all the muppets saying 'get in while the price is low' and 'all the negative stuff is just shorter conspiracy' and 'When will LSE stop this ruining of a good company' and 'TW is the devil why would anyone listen?' etc. sound familiar? I decided not to sell the day before suspension and then it was too late. if I had ignored the boards entirely, I would probably have sold that day. Its good to learn from your own mistakes, its better to learn from others. to all those of you who have been invested a while and aren't just traders trying to time the bounces, you are warned. all these rampers and serial deniers will disappear if the company goes under and wont care. you will be left with the bill. Anyway i'm not invested either way so I will leave now, I've tried to help those who might end up in my position. GLA
Calling Apostolos - Azakoo CEO! You posted a few weeks ago. Do you have anything to say with regard to these allegations against your company?
this move back up from around 44 may not so good for some shorters who may have been hoping for more of a drop in share price
Why didn't you warn us before then ? Or is your research down to the earlier article ? (im not invested here either way ... yet btw )
Aye jimbo ah will sell so your short can profit nae bother ya numpty
Worth 50 million according to who? the company? This is the product line that was exposed as having almost no real users, very negative reviews from the few real users that do exist and massive numbers of fake looking positive reviews from users in countries where the product is not used? So the value put on it is irrelevant. And a however many short dead cat bounces there are as this thing tumbles down the stairs, this is not going to end well. ofc some few people will be able to trade in the bounces and make a profit, you can profit from any share if your timing is good, that does not in anyway represent a good thing. anyone who is an investor and not a gambler, sell.
buying pressure ,building up nicely , feeling for the people who sold at the lower share price , now watching share price moving back up as more buyers move in
Are you for real seriously?
the people who bought in around 46 now nicely in profit as this share price moves back up , if this move up continues they may be holding a better profit ,
Stake is worth 50 mill alone against 20 mill total market cap do the math.
moving back up more , others look to have liked this lower share price for buying in
It is irresponsible to compare this to SEV, a company that has been volatile but never loses more than about 25% over a period of a few days and has, as far as I am aware, never been outed as having fraudulent products or extremely dodgy and inexplicable accounting practices. Yeah sure you can wait for low prices on a non-fraud company and then buy when its low. That's standard good practice but what relevance has that to this situation? none. the price isn't low, its probably high for the immense risk now posed by owning this share given what has been revealed about it. And buyers aren't 'loading up'. the price continues to slide. this is not caused by shorting, this is caused by owners of the share selling while they still can. Very disingenuous stuff from you there.
interesting to see if they suspend trading while they prepare a response
buyers loading up again ,even the shorters may be moving in for the lower priced shares now , I look for a share that has dropped as much as this , watched sev until it dropped in share price ,then recently seen larger buyers moving in have been buying there myself , now like this share price at intq , each to their own investing decisions
And what did GLOBO do the day of the blog release that killed it? it released an RNS denying that any of the allegations were true. Its irrelevant, they will say they aren't true whether they are or not, its a reflex reaction to deny everything. The company is in denial, make sure you aren't.
Well there is the 'no reason' RNS but it is still falling. I would be a bit more confident now but not until this shorting attack abates. Sub 50p now and no floor in sight. I expect even the non-panickers are starting to sweat. Might be unfair but there is hardly a Q for the exit but a full-on stampede.
rather than words would provide some confidence to the shareholders but I doubt any of them have bought any today at these 'low' prices...................
INTERNETQ PLC ('InternetQ', the 'Group' or the 'Company') Statement regarding share price movement InternetQ plc (LSE-AIM: INTQ), a leading provider of mobile marketing and digital entertainment solutions for mobile network operators and brands, notes the recent share price decline and related market speculation. As a matter of course, the Company does not normally comment on such matters. The Board, led by the audit committee, will of course review the allegations however given the factual inaccuracies in the blog post the Company has taken the decision to strongly refute the assertions made and the conclusions drawn. The Company would also like to state that it has not been contacted by the author in advance of publication. The Company confirms there has been no material change to the operational and financial performance or outlook for the business as set out in the Q3 trading update and that trading remains in line with management expectations.
Update today from Paul Scott, http://www.stockopedia.com/content/small-cap-value-report-3-dec-2015-intq-113832/
Good spot on the 'papa' for the CEO, made me smile.