Aiq Share Discussion Threads

[hpcg] 13/1/2018 11:42

First I heard was a mention on FT Alphaville markets live.

[the stigologist] 13/1/2018 11:36

The victims tend to be foreign mug punters who'll be told this is a pukka London listed stock. Obviously they'll be unaware of boards such as these so won't hear the bear arguments and tend to be price followers so a limited free float being whipped up becomes a self fulfilling prophecy. Like most of these crypto scams.

That is why the UKLA and UK Institutional complicity is hard to fathom. They've been used and made to look like fools.

[commander t] 13/1/2018 11:05

I ask this because, somehow they have pressed the right buttons to create this to happen. This wasnt an accident, but or can it be a fluke but also the BOD must have been surprised by the extent of the rise.

[commander t] 13/1/2018 10:46

Interesting development with this IPO. I am catching up with this now. How did people hear about this one? How did people get excited by this stock? Was it twitter, boiler room, advisory broker? It wasnt advfn as the only thread created is this bearish one. Thanks in advance for any info.

[pugugly] 13/1/2018 08:36

Many thanks to all above for most interesting set of names and links - Suggest all may want to keep for future information, especially re Main Listings.

[henchard] 12/1/2018 23:26

After AIM tightened up on SPACs after Gate Ventures it looks like spivs are turning to a Standard Listing on the Main Market to ply their trade. Good piece on the subject here

[mattjos] 12/1/2018 23:06

Graham Duncan, Ind. NED Chairman.

Also the CFO of Code Investing Ltd. ... a company with:

£3,830 Tangible Assets
£6,128 cash in the Bank

there are supposedly 6-8 of them running this business. The Tangible IT costs suggests they have 2 laptops between them & certainly insufficient for a server.
(Q: how are they even GDPR compliant?)

From latest accounts, they are £700k in the hole, Debtors v Creditors, and the Balance Sheet only stands up on the basis of a spurious "Other Debtors" (no explanatory note) that seems to magically rollover annually.

Slippery swine manages to get involved with lots of such companies but, always manages to avoid being an Exec Director & therefore off-radar.
This guy looks like an accomplished accounts 'fluffer' to me ... AVOID!

How the hell was this allowed to list? Just a bunch of dodgy spivs trying to cash in on the latest trend & fleece the herd.

[henchard] 12/1/2018 17:01

... "Viewing AIQ’s listing against this historical backdrop and seeing no earthly reason why a £3.6m cash shell should be valued at £62.5m, I have no hesitation in rating the stock a ‘sell’."

[euclid5] 12/1/2018 16:48

"Our good friend and occasional correspondent in these parts, Graham Chester, has also been looking at Standard Listed (as of Tuesday) AIQ (AIQ), which rose from 8p to 125p to have a value of £62.5 million for its £3.6 million of cash and nothing else. Like me, he has become a bit of an anorak on China Frauds so when a familiar name crops up….

This morning, his article on Motley Fool (see HERE) turns up the name of Marty Lau at reporting accountant and auditor Moore Stephens – which was responsible for AIQ’s listing prospectus. Writing for us in a fantastic series of articles related to the Filthy Forty, Graham Chester noted an “interesting” CV for Mr Lau, which includes Filthy Forty company Jiasen (JSI) - and Grand Group (GIPO) which only avoided entry into that fine index by listing too late.

Jiasen listed at 82p and disappeared from AIM after an EGM last year – at just 0.25p. Grand Group was booted off the Casino at 10p also last year, having listed just in 2015 at 80p, after its Nomad (ZAI) lost its license. But in any case the company faced execution a few days later for failing to meet its investment policy. It had boat-loads of apparent cash, and an enthusiastic Chairman (who resigned a few days later!) yet no Nomad would step up to the plate. Odd that, isn’t it?

I note also that Ivy Wang – now of Hong Kong-based L&S Group limited, which was the Listing Coordinator for AIQ’s debut, also featured for Nomad ZAI when Grand Group listed. Small world, innit.

But obviously there are no Red Flags here at all."

hxxps://www.shareprophets.com/views/33746/aiq-limited-now-suspended-graham-chester-unearths-another-not-a-red-flag

[bumpa33] 12/1/2018 16:43

interesting explanation on shareprophets why the stock rocketed and then subsequently suspended. Nor sure i fully buy it though, excuse the pun.

[babbler] 12/1/2018 15:14

Yes. With 4m cash ...less fees...and it rose to £50m mcap or thereabouts with the ramping....duuurrrrr.

[isaready] 12/1/2018 14:07

what was this company, a cashshell?

[benson384] 12/1/2018 12:43

The stig....you have a good memory re Langbar !! And they wanted to buy the Co-Op !!!!

[bumpa33] 12/1/2018 12:39

50/50 whether this ever actually returns.

[the stigologist] 12/1/2018 08:10

Lol

Full on police fraud squad investigations to come no doubt

[bumpa33] 12/1/2018 08:04

love the wording that implies the company chose to suspend...!

[babbler] 12/1/2018 07:38

It's not aim... But who didn't see this coming. Tampers hang their heads in shame here (yeah right they sold long ago)

[bumpa33] 12/1/2018 07:11

you gotta love AIM.

[dafad] 12/1/2018 07:05

Suspension rns

[john henry] 12/1/2018 06:29

Highasakite how did you manage to short ? Who through ?

[abadan2] 11/1/2018 22:43

This can only end in tears for anyone buying at anything like this price. What business will take paper valued at £62m supported by only £4m of cash?

[professor pettigrew] 11/1/2018 20:18

Maybe if AIQ get to a tenner, they'll make a bid for LEG at 1p per share!

At least LEG have some valuable assets.