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.
fraud? correction should be Richygm
fraud? thanks for your comments RichgymI am waiting for a reply from the cos Financial PR but they are very busy at the moment!MM
Re: fraud? "whatever I do it will be wrong..."Some things are more wrong than others. If you put money in now, and the co is found to be a fraud, you will certainly lose it. If, however, you hold back and the sp recovers because the co is found to be legit, you can always add more shares later. Okay, you will lose the first part of any bounce, but that, surely, is the lesser of two evils.Personally, having read TW on SP, I would not touch this share with a bargepole.
Looks like globo did Not good here I feel for holders right now. Tough decision as we know what happened to globo
fraud? do you think this is a case of fraud? have the books been cooked by Veronica Nocetti and Bob Beveridge???, this is pretty hairy I don't know whether to double up or sell the lot whatever I do it will be wrongMM
Re: figures I gave my opinion on InternetQ purely based on their published accounts last week.In my opinion they made poor reading and I could not get them to make sense.I now gather a well known blogger is going to give a more "detailed" look in the next day or so.Light blue touch paper or damp squib......?
Re: figures The share graph here is a HORROR SHOW but I would be surprised if it went lower than15p during the next few months.Might be tempted around the 10p level if if gets beateninto submission though !
Re: figures I do not find the accounts credible.I question the "quality" of the receivables which are high @ E46m & growing in proportion to turnover;the "quality & availability" of cash on hand claimed,the mystery of why the company needs to borrow cash while claiming a growing cash balance,why not use the cash instead of paying interest?I believe too much expenditure is being capitalised as intangibles rather than being expensed,which flatters profits, and the valuation of intangibles is not realistic.The tax paid on indicated profits is low which could indicate lack of quality.The company does not appear to be generating positive cash flow in spite of claimed profits.Avoid.........
figures pretty shabby if they cannot work out what their turnover is, no chance of being accurate on the amount of profitmm
Re: Statement from company RNS out now. Many thanks bradders: ========== ========== "INTERNETQ27 Oct 2015 14:19:57InternetQ plc27 October 2015 For immediate releaseINTERNETQ PLC('InternetQ', the 'Group' or the 'Company')Statement regarding share price movementInternetQ 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 movement and the Board would like to advise the market that it is not aware of any undisclosed reason for this decline.Trading remains in line with guidance as outlined in the interim results announced on 30 September 2015 and the Group is on track to achieve FY2015 market expectations. InternetQ is committed to its vision to lead and grow in the fast-paced technology space by seizing the opportunities ahead.ENDS"
Statement from company I've been advised by the company they will be making a statement shortly
d j globo see d j globo on iiisimilar type of business directors resigned all sorts of allegationsce sold 42m shares last Fridayhopefully intq not in same situation
Globo effect All I can find is a few tenuous links to Globo from investors. So basically the only link is Greek and Technology but some peeps are spooked and have sold up. I've emailed the PR company and will let you know when/if I receive a response.Bradders
Re: big drop Yes ; from 360p down to 180p this year .....SAGE