UK 10:43 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The Nomad and broker team that brought us the Globo (GBO) fraud from Greece was RBC Capital Markets and Canaccord. This dynamic duo act for another Greek Company InternetQ (INTQ). And here I am - with a hat tip from a good reader - reporting on the spot in the Hellenic Republic with some very hard questions for InternetQ. The GlobalShortingConspiracy also has agents on the ground in Moscow and Poland as well as myself in Greece. This is, as they say, developing...
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
Stegrego
Check this out re INTQ if you haven’t already.
http://www.investegate.co.uk/Article.aspx?id=201202010700105095W
They did this ‘investment’ but it has never been mentioned since……
Jeremy
Fantastic research!
alcira16247
Tom
A stunning piece of work!
Your analysis raises more red flags than a May Day passing parade!
Market appears to have taken the questions asked very seriously Internetq currently down -26.73%!
Mammy Yoko
Fantastic piece of research. Thoughtful and well argued. INTQ is on the way to being toast after this.
BlueFrew
This company has been on my shorting watchlist since Globo blew up. This is a quite brilliant piece of work and I’ve now opened a short position. A forest of red flags fluttering away now.
Phil
Very detailed thank you. I see the report gets the BB response that BB’s reserve for excellent detailed primary source research, as I quote:-
“
John8833
Posts: 547
Observation
Opinion: No Opinion
Price: 98.00
RE:cm
Today 08:55
Shareprophets is a load of crap but I glad they scared people into selling as I picked up some for under 100.00
“
It is easier to fool someone than convince they have been fooled – Mark Twain
DUCK AND DIVE
This is an excellent piece. Do you know of any short interest from the likes of Matt Earl, Simon Cawkwell, Ben Edelman…? Did any of these gents help you to put this piece together? I see the footprints of at least one of them all over it – but I must be wrong or you would have given them a credit or even the byline…
Did you see that the CEO of Akazoo has been posting on the INTQ LSE BB?
http://www.lse.co.uk/member-info.asp?nick=Apostolos
jsimbo
Great article, really clear cut fraud of their products revealed. and lets face it, if their products are a fraud then the company is unlikely to be a winner.
What does make this a bit akward is that you once tipped this stock on your nifty fifty site and Zac tipped it 2 months ago. whoopsie.
Tom Winnifrith
Jsimbo
Just for the avoidance of doubt we banked a 34% offer to bid gain in 7 months on INTQ when tipping it several years ago. since then we have been seriously sceptical (that is to say Steve & I have been). We were hoodwinked but got lucky and got our readers out ahead. We have been bearish since then.
As for Zak tipping it… well that is another red flag is it not?
t
Steve Holdsworth
A superb piece of work, Tom.
SP down 40% this morning and counting…
Phil
Well didn’t take them long to respond
It will be interesting as to what they have to say, it had better be good, cos this don’t look to good to me
firede
Tom Winnifrith, can you disclose by whom this great article was written?
MrContrarian
Stegrego’s right. The €2.6m convertible (maturing in March of 2015) lent to Aventurine in Feb 2012 has not been mentioned in RNS or AR since. They have either been repaid, own more of Aventurine or have extended the terms. There is a €2.8m non-current asset in 2013 & 14 ARs, so it may be in that.
Still, it’s only €2.6m.
Dominus
I understand that you tie Globo with InternetQ. Besides the two CEOs being Greek, do they have any other connection?
J P Spaghetti
I’m surprised Adele got anything like as many as 0.003% users on Akazoo – some people just have no ears (her wailing soundtrack genuinely dissuaded me from seeing the almost equally awful Skyfall at the cinema – no offence to Daniel there as he’s really rather good and can hardly be blamed). I get the high figure on Deezer as there’ll always be those attracted for sado-masochistic (don’t know if that should be hyphenated and am NOT going to enter it into a search engine) reasons to dreadful ‘talent’ show acts.
BobbyChariot
Just closed out me INTQ short ready for the inevitable sucker rally tomorrow, will get back on it if it rises again.
Congratulations Sheriff, think you deserve a bottle of Ouzo from Mr Chariot :)