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

By Tom Winnifrith, The Sheriff of AIM | Saturday 2 May 2020


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.


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.

So the shares are worthless, another bent Bubble will no doubt not go to jail but what of Hughes and Tosser Fund? Are we saying that he read my exposes but simply ignored them in the take private deal and relisting? Was he naive or was he complicit in the delivery of this fraud? The FCA needs to be all over Hughes but assuming it is not I will be.

Gabriel is presenting at the ShareProphets Shares show on May 9 and I will be doing two major presentations and Hughes will feature heavily in one of them. Is he really worse than Neil Woodford? As Gabriel and I prepare to pour ouzo on our cornflakes today, buy your ticket for the show HERE

 

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