Explosive: Time for Martin Hughes of Tosca Fund to shit himself: SEC prosecuting Akazoo, documents below

In 2015 I exposed InternetQ (INTQ) as a fraud with my "From Athens with Love" dossier.  The FCA did nothing at all. And major shareholder both PA and via his fund, Martin Hughes of Tosca Fund, worked with the management to take the fraud private. Tosca took a seat on the board. They repackaged it as Akazoo and in 2019 floated it again on Nasdaq. Then my pal Gabriel Grego exposed it as a fraud all over again and this time the company fessed.  Gabriel made it clear in the opening paragraph of his report that we had exposed exactly the same fraud in 2015.

BREAKING: BDO Narrowly Avoids signing off on a 155 million Euro blooper & the war crimes of FTI Consulting – the Akazoo fraud

Thanks to the good works of Gabriel Grego, Akazoo (InternetQ as was) has now been thrown off Nasdaq and the SEC are crawling all over it, its main backer and author of its corporate deals, Martin Hughes’ Tosca Fund and various advisors. One firm that has narrowly avoided a massive bullet, as I can reveal today, is auditor BDO Global.

Ouzo for Gabriel Grego & Tom Winnifrith as Akazoo (InternetQ as was) admits its a fraud - Martin Hughes at Tosca, I'm coming for you!

Back in 2015 I demonstrated, without any doubt, that AIM listed InternetQ (INTQ) was a fraud. I doorstepped it in Athens. I crawled all over its bogus websites in Greece.  The Greek management and fund manager Martin Hughes of Tosca - a shareholder PA as well as via his fund - responded by taking it private. They then rebranded it as Akazoo and listed it on Nasdaq, Earlier this week Gabriel Grego again exposed it as a fraud. On Friday, the shares were suspended, the CEO fired and investors warned that ALL historic financials may be fiction. The SEC filing below is damning.

Akazoo (InternetQ as was) fesses up to fraud another kill for Gabriel Grego & belatedly for @tomwinnifrith

BREAKING: New explosive Gabriel Grego dossier - Akazoo, InternetQ as was, is a total Norfolk, has to be a zero!

The latest dossier from Gabriel Grego is damning. I believe he has spotted a nailed down fraud that will go to zero. Grego is presenting in New York this afternoon - and of course at the ShareProphets show on May 9 -  but the dossier is below. We are mentioned at the front of Grego's dossier for exposing this as a fraud four years ago when it was known as InternetQ (INTQ) - as you can see HERE - . Our work saw the company delisted from AIM with management and Martin Hughes of Tosca Fund taking it private. They then renamed it Akazoo and relisted it in the US. Gabriel shows the company is still a total fraud. Enjoy. 

InternetQ - what are the dodgy bubbles hiding now - accounts overdue....

In December 2015 from my winter base in Greece I ran a series of articles, starting from Athens with Love, which, I believed, quite clearly showed that the Greek, AIM listed company InternetQ (INTQ) was a fraud. Specifically I demonstrated that its music streaming business Akazoo was a sham. The company denied this and in the end its boss Panagiotis Dimitropoulos and fund manager Tosca paid c£20 million to buy out minority shareholders and take InternetQ private. It is now called Akazoo Ltd. The Sheriff is still on the case

BREAKING: InternetQ- was I right about the dodgy Bubbles after all? Companies House shocker emerges

In the December 2015 from my winter base in Greece I ran a series of articles, starting from Athens with Love, which, I believed, quite clearly showed that the Greek, AIM listed company InternetQ (INTQ) was a fraud. Specifically I demonstrated that its music streaming business Akazoo was a sham. The company denied this and in the end its boss Panagiotis Dimitropoulos and fund manager Tosca paid c£20 million to buy out minority shareholders and take InternetQ private. A cute deal or burying the truth in private? This is going to shock you.

InternetQ - Tosca Fund bids 180p to spare its blushes, lets see what happens next

Toscafund has surprised us all with an announcement yesterday that it is indeed backing a buyout of InternetQ (INTQ) at 180p per share in cash. I see that it was paying 180p in the market last fall so it had no choice - that was the lowest that its new SPV could offer. This is madness. It strikes me that an embarasment is being swept under the carpet.

ToscaFund offers 180p per share for InternetQ (#INTQ) - amazing

A letter to Penta & Martin Hughes at Tosca re InternetQ

I have sent this letter. I don't expect a response on the matter of InternetQ (INTQ).

InternetQ, Still betting on Common Sense Over Pride.

On Dec 14th last year I pointed out that if Toscafund and its partner Penta Capital were still happy with their madcap €104 million valuation for Akazoo, the music streaming business they bought in to last year, they could buy out the whole of InternetQ (INTQ), their majority partners, for less than half of that amount and still have the rest of its business thrown in for free.

InternetQ bogus trading statement hides behind Takeover Panel Rules

InternetQ (INTQ) the dodgy Greek outfit exposed repeatedly HERE for all sorts of nonsense has published a totally meaningless trading statement. It hides behind the fact that the Chief Bubble is considering an MBO if he can persuade fund manager Tosca to back him.

InternetQ (#INTQ) trading update on sales nothing on cash ho ho ho

InternetQ - the Bubble pulls a rabbit from his hat: a bid

I am in no doubt whatsoever that InternetQ (INTQ) is a worthless enterprise which smells all wrong and cannot generate cash - something I believe is demonstrated HERE. And that is why its shares have slumped from 350p last spring. But they have been rallying in recent days and now we know why, the CEO is mulling a bid. The shares soared on that news to close at 139p. So what next?

InternetQ - where are the Beatles?

You may have noticed that over Christmas the Beatles (or whoever controls the estate)  released their material for streaming services, It is now available on 9 leading streaming services. Strangely...

Lucian Miers share tips of the year Number 1: Sell InternetQ at 61.25p, target price 0p

In the end it all comes down to cash. Good companies generate it. Bad companies run out and in the end go bust. The shares go to 0p. And that brings me to Greece based InternetQ (INTQ) which - as a sell - is my first share tip of the year.

InternetQ - Question for Toscafund and Penna Capital: Five months on  is Akazoo still worth €104 million ?  

When Toscafund and Penta Capital invested €17 millionn for a 16% stake in InternetQ  (INTQ) subsidiary Akazoo in July, they can hardly have imagined that their Greece based partner who retained 70% would be worth not a lot more than that after a spectacular share price collapse amid a series of very serious questions being posed which have not been answered - see HERE.

Photos and video from InternetQ HQ in Athens

On Saturday, in Athens, I took the short walk (no more than 800 yards) from the former HQ of the now defunct fraud Globo (GBO) to the headquarters of AIM listed InternetQ (INTQ). Join the dots...

Despina Vandi, Peggy Zina & Coldplay show that InternetQ are liars - weedy rebuttal exposed part 5

If a company tells a demonstrable lie in an RNS that tells you everything you need to know. I turn now to the Greek operations of InternetQ's (INTQ) Akazoo unit. I spent an hour last night with a friend of mine in Kalamata, George the architect. He is Greek and what we discovered demonstrates that InternetQ has lied to investors.

InternetQ, the weedy rebuttal exposed part four - With Love from Poland

So Mr Richard Penny of Legal & General, as well as the toscas from Tosser Fund, you still believe in InternetQ (INTQ) - as Mr Penny believed in Globo (GBO)  - even after the first three exposes I have run on its dodgy dossier, its weedy rebutal to From Athens With Love. Well try this, with assistance from the Global Shorting Conspiracy (GSC) man on the ground in Poland.