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@conrad02 bull****. Total utter bull****.
https://investegate.co.uk/cloudtag-inc---ctag-/rns/fundraise-and-notice-of-resignation-of-nomad/201702240700087366X/
The above subscription failed
leaving about 450m shares.
Which matches: Number of shares in issue: 448,104,916.
https://cloudtag.com/investors/#security
Where do you get 300,000,000 shares from, we delisted with around 640m shares and warrants and have added with the pre IPO, sounds as expected and about right
Good luck pursuing Cloudtag Inc as that is a different company from Cloudtag Inc.
When was the last time shareholders got invited to an AGM, surely they much be in breach of what cloudtag articles. But then again that was the old company, and who knows with Cayman island companies.
Update was exactly as expected. Keep people on the hook because reason. No surprise that the company didn't care to mention another 300,000,000 shares in existence. I doubt even the 1p raise guys knew they where buying a smaller percentage than they thought. All existing shareholders hold a smaller percentage of cloudtag than before. Then again a smaller percentage of 0 is still 0.
16th September 2019
Cloudtag announces some changes to its corporate structure including the closure of Cloudtag Inc. (Cayman Co). The Company has a new TopCo (βNewCoβ) registered in St. Vincent with the same name as before, Cloudtag Inc. Each share in the Cayman company has been transferred to NewCo on a 1-for-1 basis and, therefore, the total number of shares in issue remains 714,882,424. All technology, research & development and intellectual property has been transferred into NewCo.
Cloudtag is pursuing a number of opportunities including one of the commercial approaches received in the final quarter of 2018 which the management of Cloudtag believes will unlock the value of technology developed by the business, and, as previously announced, a re-listing on a public market.
Further commercial and corporate updates will be made in due course.
Come on SCAmit. Put us out of our misery
I don't see any reason for cloudtag to end this. The longer they can drag this out the more the previous RNS statements fade to obscurity and the chance of an investigation reduces to 0. Lets face it even after years of dubious statements shareholders choose to put their faith into Amit rather than hold him to account. Their call.
It is yes, and a much better reply than the first response
Got to agree Hex that post is spot on.
The company continues to act terribly. Even at the stage sending out teasers which both titillate shareholders but contain no substance. Changing jurisdiction was one of the things I predicted after delisting. If a company had something to hide, dragging this out for as long as possible and hiding in opaque jurisdictions all help.
Shareholders don't need teasers, they need real validatable detailed information, company accounts, annual general meetings, audits, evidence.
I strongly dislike how this company acts, but I do hope shareholders make a return. I don't see how though.
Bingo time.
Cloudtag will say it has has changed jurisdiction in order to:
a) Be closer to interested companies.
b) To save tax
c) To help a listing
Snore. Evidence is what I want.
hex is all heart!!!!!.........He wants investors in CTAG to do well!!!!!!
my bad, i made the mistake again of thinking people on this board were adults capable of civil discussion about a joint interest.
like you, i don't have answers, and like many I hope for some positive ones.
Don't see why you have to be a snarky little b*tch about it
"proof in some form that the company is solvent"
Erm didn't cloudtag just raise 400k last year. How many employees does it have? 1? Man amit must be on some salary if you doubted its solvency. There is no evidence of any other costs. Then again there isn't evidence of anything as shareholders are happy that the company doesn't even publish accounts... In fact they argued it was a good thing.
"it's in their hands now" Does that mean the receivers are in?
My money is on it switching to yet another opaque jurisdiction.
What have we had so far Jersey, Switzerland, Cayman Islands. Who thinks British virgin islands is next. Let me guess, oops historical information was discarded due to different regulations during the switch.
It's definitely news, it's proof in some form that the company is solvent for a start off and when coupled with ABH's 'it's in their hands now' could mean a few of things, such as a trade sale, merger or something else that means people might see some money back finally, or at least access to what they own
Given that so many investors have mentally written this off and the last 3 years of almost radio silence it's pretty interesting. I've always been of the opinion they're on to something, and that ABH can actually get it to where it wants to be even though he's made some questionable/shady decisions on the way. Unfortunately his treatment of shareholders won't particularly bother the sorts of companies he's aiming to sell too, it's not their problem or their responsibility
We'll see. I'm very cautiously optimistic
Probably because a change in jurisdiction seat doesn't sound like any news at all, except for the fact that they haven't tweeted since Dec 2018, so maybe there is something to it.
Another. Billion. Hours.
ZZZZ