IQ CEO only hold 90000 share , and he take advantage to sold 50000 share , other principal officer also sold, if IQ future so good , why they sold ?IQ Qtr results shown profit but cash flow are very bad , start to borrow money from bank , some bad thing will happen .

IQ no hope already,for the poor results management blamed everything-from US China trade war ,BREXIT ,Covid-19 and now - IC shortage.

director keep on selling , run first.

This is what IQ group management reply me , if u go through their quarterly report , they already transfer majority of their production to China about 2 year ago, but they still maintain operation of their penang plant ,that means the plant
utilization is very low and did not make sense in term of financial, the overhead cost is still there , and the cost per product will be very high.
I send a query to ask about this,based on their reply I think IQ management are not capable and their decision making is not logical,I immediately cut lost at about RM 1 , i'm really lucky ,IQ report further lost and became penny stock now. If u are IQ share holder you can send a query and see what they reply.

IQ managed by poor excecutives,during the hot of China-US trade war -they transfer all their US market products to china factory, so IQ "enjoy" 25% tax now. Due to transfer majority of Penang products to Dongguang factory - they short of workers - so they transfer again to Wuxi and they used this transfer process as excuse for lossing money.Now they plan to build US market products at their Penang factory-back to square one ! They are burning their cash on this stupid transfer process.