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

Tom Winnifrith
Tuesday 2 February 2016

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?

The bubble in question, CEO Panagiotis Dimitropoulos, has teamed up with fund manager Tosca (which spunked 17 million Euro last summer buying a slug of InternetQ's Akazoo arm) to consider buying out minority shareholders. There are three possible outcomes:

on ShareProphets | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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