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Reckon they have missed the boat with their services /offerings. Who will want to do business with ailing co.like this. Nothing but a string of failures for years. The money they have wasted would have made us all rich if they had stuck in a bank account paying sod all interest! Was tempted to average down from my laughable 10p breakeven, but think it is probably not worth it. Hard to believe we were worth 30p +once upon a time.
Oh and I forgot to say we have a company and a nomad that can't be transparent on what each contract win actually means to the company. Farcical
Yet sella put in £1m @ 20p and then £5.75m @ soon to be 1p. Then it will be taken out the hands of PIs when the company starts making profit. Tell me how can this seriously be allowed to happen? Corrupt as Fuk.
So this falls further on a sale of approx £1100!!
So we have a completely joke of a company ensuring the price will drop to 1p ensuring that the master plan of mr sella and the Duncan's get the company out of pi's hands and then u will see the rally on the business doubt well. Think about it we are all being taken for a ride and that's why I am posting all my concerns on a public forum so that when my complaint goes to FCA in terms of price manipulation going back to Mr Duncan's claims of taking over the market and being bigger than Amazon etc then to you have him selling his shares to buy his house. It's probably the worst company I have come accross on AIM. For every day that passes the Duncan's milk salaries and that is criminal
Just ******* myself at the cloudbuy website. Key recent milestone dates:- wait for it.... The last one is March 2015 - Partnered with a US cloud-based procurement services provider to public and private sector organisations to establish a procurement platform. WTAF have they been doing behind the scenes. Tbh how the Fuk did the Duncan's actually get reinstated? And why does no one question why someone as clever as Mr Sella would invest in cloudbuy. It's just been a scam from the outset. Duncan's sell at 38p and here comes the knight in shining armour Mr Sella (aka the Duncan's) buying all there shares back at a fraction of the cost.
Only a matter of time before the shutters are pulled down on this dead end company. It's that shit even the Duncan's that sold at 38p won't even buy at 3.3p. That tells u that this company is doomed .
Fact that directors are not buying at this low price tells u all u need to no about where this share price and company is heading
Desperation really, having to cut wages in order to meet 'market expectations' We now worth 4.38m mrkt cap! http://www.lse.co.uk/AllNews.asp?code=wi0a9pht&headline=cloudBuy_Operating_Loss_To_Marginally_Beat_Expectations_In_2016
cloudbuy is like a slow lingering cancer. U no it's dying and it's just a matter of time.
Pathetic. These people just sit with their feet on the desk whilst drawing a fortune out of shareholders. The cuts/savings are too little,...as always...dreadful management
Really quite insulting. Can't even be bothered to tell us what these 4 deals are or how much revenue they have made to date. Oh and what exactly is this 'market expectation' they keep banging on about. I will be sending them an complaint about this piece of uninformative nonsense. We shareholders deserve much better treatment. Awarding themselves share options exercisable at 6.5 p is not much of a vote of confidence in the future. I need 10p to escape this lame duck!
Fedr great mind think alike. Wtf is that for a trading update. How can you make a calculated decision on whether this is a buy or sell opportunity. I go on the basis that this nomad is pathetic. I also go on the basis that the fact the update is so limited in details tells me that I believe that numbers will improve. Why because I actually do not trust the directors. Watch in the coming days for directors buying. If that happens when the price is lower I will have called my hunch correct.
My 10 year old daughter could have written a better story. Tells u basically nothing.
Call that snippet a trading update? Absolutely pathetic!
3.3m share trade today. Looks like a sell. Some one got wind of the update?
If it goes to pot as long as the directors lose I am fine with that. It's when there is a bigger plan behind the scene and sella (aka Duncan's) shaft us even more. There is no way that someone like sella would have invested so much money into this without something. I have always said that sella name in all this is just to fool everyone and keep the lights on till there is nothing left. This has always been the Duncan's buying back there shares at a pittance of what they sold at and using someone else's name to buy these shares. mr sella and associates. Still can't find who the associates are.....
The update will no doubt give a load of bla bla about "possibilities" and "opportunities" but little much else about any kind of "delivery" . The operational costs compared to the meagre revenues means that unless the update contains major restructuring news on costs then it is heading for a placing and major dilution at these low prices. They should be taking an axe to the Corporate costs for a start...IMHO They are just another AIM company that is very good at making bonfires with shareholder money
On no volume. It will be interesting to c what the update says. And whether some of the information in the RNS had warranted prev RNS. I don't trust this company any more. Silence is shocking
Should get an update in the next 2 weeks, but I am afraid it will be just another bunch of feeble excuses as to why (yet again) things have not gone according to expectations, and promises for next year being better. As per usual. Can't really see where they are going to get any revenue from. CII site is a ragtag mishmash of odds and sods, PHB choices no one has ever heard of and has yet to take off.
I am not convinced these guys have the ability to restructure the company and cut the costs sufficiently enough to make it. The next update needs to show RUTHLESS action on costs and the balance sheet. Whilst the company is probably worth more than the SP suggests it will end up in the hands of Mr Stella
Funkybeats Just to clarify they have only drawn down the additional 1m not already spent it so they still have 2.5m to play with and presuming no income (which I doubt) gives them breathing space until June next year. Lets see what the trading update brings
Well I hope you are right. For all my criticism, I still have hopes they can make good. It just seems that every time something positive might happen, some spanner crops up in the works to prevent it. You can see from the lack of SP reaction even to positive RNS that there is a serious mistrust of almost everything Cbuy says. Only real revenue in the kitty is likely to attract any would be investors.
Perhaps am still drunk however maybe this is what there doing. Misleading pi's Into believing there is massive cash burn in turn share price goes down, u see some heavy buying at a low price and then the numbers come out and all is good and we have a sustainable company. I see the PR from this company to be extremely misleading, therefore it's a hold from me. Am down loads but there is no point in me selling now at this price. If it does go tits up then I will just need to take it on the chin but this could in my eyes be another one of those misleading RNS where it turns there is reasons for the cash burn. Let's wait and c.
If they are having to borrow yet more cash presumably this years revenue (loss) will com in under market expectation yet again as it has done for the last 16 years. How can they burn so much cash and yet have so little to show for it? IMHO the business model is all wrong. Reckon they sell themselves to institutions like FSB, saying we will build you a site for you and your members for nothing, and in return take a cut of transaction revenue. Does not mean that there is any need or demand for such a site hence it is nothing but a waste of cash and an excuse to issue a seemingly positive Rns. This company nothing but a ceaseless disappointment!