This is a feeble ploy to exploit the current flavour of the month AI credentials for traders who are happy to buy any old crap provided it has some link, however tenuous, to AI.
Investment Evolution Credit (IEC), floated just sixteen months ago by Liam “the toke” Murray at Cairn, at 80p with a business model and management that has failed on three other markets and which has lied repeatedly, formally announced that its deal proposed deal to buy Credit Canary Ltd is dead:
The fraud brought to AQSE by Liam “the toke” Murray at 80p continues to entertain. It is hard to know where to start with te shares 1p to sell, 14 months after the IPO.
On 27 February AQSE listed Investment Evolution Credit (IEC), a scam brought to market by Liam "the Toke" Murray which this website has exposed as a con, issued an RNS about a proposed acquisition. This is madness.
Why is Liam Murray of Cairn known as “the toke”? Because the most charitable explanation for him acting for such obvious frauds, is that he is permanently stoned. If he is clean and signing off on obvious gibberish I begin to worry for him.
Nightmare on Cairn Financial street. Investment Evolution Credit (IEC) was listed on 14 December 2023 raising gross proceeds of £508,000. At an 85p mid its market cap was £12.72 million. Today it has raised funds at just 1p.
It does seem as if Investment Evolution Credit’s (IEC) US Website at Mr Amazing Loans is now functional so it is no longer lying about being able to make loan shark loans in 6 US states. But it did lie and Liam Murray at Cairn Financial and Aquis Regulation turned a blind eye. Having signed off on this nonsense from Catenai (CTAI) yesterday Liam took another drag from the hookah and approved a news release from Investment.
I am not mincing my words. Yesterday I revealed that there have been not two but three IPOs of businesses essentially following the same loan shark model run by the same folks and all have ended in tears. Australia, the USA OTC market and the Seychelles. Chuck in evidence that Investment Evolution Credit’s (IEC) claimed operations in the US do not actually operate and you’d have thought that advisor Cairn which floated this scam just before Christmas and Aquis Regulation would be rushing to act. I have dropped them both a note and cc’d in the CEO of Aquis to focus a few minds
On 5 March 2024, IEC announced a proposed “expansion into Spain using AI Lending Technology” via a smelly related party transaction as I outlined HERE. Naturally no numbers were provided but the link below provides the following information
Last week I revealed the hugely “colourful” past of Paul Mathieson the boss of Investment Evolution Credit (IEC) and the fact that it was telling porky pies on the Aquis website about its ability to offer loan shark loans in the US. Natch neither advisor Cairn or Aquis Regulation appear to give a FF so the charade stepped up a gear today.
This is shocking and I can only think that my pal Liam Murray at Cairn Financial and the chaps round at Aquis Regulation had overindulged on the Christmas sherry on an industrial scale when Investment Evolution Credit (IEC) was listed on 14 December 2023 raising gross proceeds of £508,000. At an 85p mid its market cap is already £12.72 million but it’s a scam, a worthless con as I shall explain below. Its accounting is mind blowing and it just lies about what it does. On its website, Investment states that:
