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IQ-AI – is “pleased to announce the result of the Broker Option” fooling itself or trying to fool everyone else?

By Steve Moore | Monday 26 February 2024

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.

‘Imaging platforms and therapeutics’ company IQ-AI (IQAI) states that it “is pleased to announce the result of the Broker Option that was announced on 22 February 2024 alongside a £300,000 placing”. That announcement included that the broker option was to “raise up to a further £100,000… The company and Peterhouse at their discretion may decide to increase the amount of the Broker Option to meet demand”. So what’s the now “pleased to announce” result?
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