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

By Lucian Miers | Tuesday 15 December 2015


Disclosure: The author has a short position in one or more of the shares mentioned. 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.


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.



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