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All you need to do is read the bull**** that Duncan has written about being bigger than Amazon etc. Plus the information on the margin call and how he decieved investors. He might have thought he has got away with this but he has fuked off the wrong person
http://www.clmlaw.co.uk/corporate_services/2014/08/misleading-statements-from-directors-actions-available-to-shareholders/ Am giving this guy a call. Am down tens of thousands on this and I intend to get it back
Surely something merits something here
I wonder how many of the shares are in sticky hands right now. What percentage does Sella, Ron and co have?
This is like one of Ronald Duncan's ski slops. Straight fuking down. Stubborn bastard of a man won't do the decent thing and resign. The only comfort I have in all of this is the AGM is right the corner. If he survives this then shame all investors. This guy is nothing but a ramper who had duped us all. Absolute ****e bag of a man and fingers crossed he has had enough and does the right thing by either walking away or something else that will give me great pleasure.
He wouldn't be able to sell without knocking this under a penny.
Love to hear Sellas thoughts right now
Jeff. Never saw it sinking this low. Might be tempted for a trade from 2.5 but sod leaving money in as an investment with honest Ron
http://www.elcom.com More than 120,000 active buyers across 200+ client organizations and over 120,000 connected suppliers, with more than 140,000 actively managed catalogues. In Scotland there is 32 Councils. How many Councils do you think CBuy have? One. Elcom have the majority of the business but this is due to tie in with Scottish Government. By going Global and trying to expand as quick as possible, investing so much into large salaries and chasing contracts that have not materialised is just suicidal. What I want to no is why these contracts that they were chasing cancelled? I just don't get that The main question that everyone is not grasping is Roberto Sella and his Associates? Why would you invest £6m plus into a company at such a high share price without due diligence. ??? Why??? He could have take full control of this company if he wanted to by waiting a few months. But his investment has gone down from 20p to 3.5p for £1m and then from around 8p to 3.5p for £5.75m. HE must be seriously ****ed especially if the Duncan's have played him to be a full. But there is more than him that is serious ****ed.
anyone care to guess? I am going for the obvious. Ski away tail between his legs (hopefully of a cliff) and have someone else come in with a vision and strategy to deliver upside for shareholders. it will probably be more of the same. Bigger than Amazon and Google and this time Facebook and Twitter but we will be diluted to fuk in order for the company to continue. All this while Visa shaft the fuk out us with terms that suit them. If that is The case and we have a major dilution without investments. Remember folks we have major cash burn here then it's goodnight folks as I hope no one parts with additional funds for a company/director that has already on numerous occasions decieved its shareholders.
I have just added to my holding and its showing as a sell!
I am sure they are investing more time in making excuses than they are in fixing the business. They appear somewhat naive and like many many other small UK companies trying to compete abroad are now have to retreat with their tail between their legs and stories of how they have struggled to make much progess... If you go to the AGM be prepared for a lot of waffle ...
As a new member to this chat (but reader for many years) and one who has seen my investment plummet over the last three years in this company, I am minded to go to the AGM which I am sure they are hoping will not be well attended. Are any other PI's intending to go?
There is something really fishy about this tie in. There is no chance in XXXX that someone would pump £1m investment into a company at 20p without due diligence and then watch as the share price drops from 20p to 4p. Then the same applies to the 5.75m investment just recently. My bet is that this is not a new investor and that there has been an agreement between Duncan's and Sella under the Sella associates for DUNCAN to buy back his shares at the reduced rates than what he sold few years back at 38p. I am telling u. This is one big massive lie and we the shareholders are being taken for a ride. Just remember he has lied about £50m revenues etc to push the share price right up. My investment is in tatters and this guy has to go. The only thing that will make this better is if he ends up homeless
they'd probably be Honest Ron's creations..............
feel free to share your entry price, SL and TP in this shorters paradise stock.....................
this one is a shorter's heaven, 1p in 2 months
Revenue for the year down 18% to £1.75 million (2014: £2.12 million) · Loss before taxation increased to £6.06 million (2014: loss of £4.63 million) · Well-funded, having secured £5.75 million of additional funding post period end So, looks like they have less than 12 months to turn things round.... This is a dead duck.... costs are way too high for what they are generating..
http://www.investegate.co.uk/cloudbuy-plc--cbuy-/rns/final-results/201606280700094188C/ Bit of a non event it would seem after all this waiting. Still jam for tomorrow as per usual!
Like you, I;ve been in this one for a long time and its frustrating that the comms out of the company are so poor. You would have thought by now that they would know not to put timescales against anything! Also, like Sella I still believe the core model behind this company is logical and has potential. I'm hoping that the delay on the results is due to Sella getting involved and wanting more of a strategic review to try and position CB's growth prospects. To get the step up in value, CB need to explain how they turn contracts into cashflow and how they get to a break even / positive cashflow point. At the moment the only growth is in the cost base :(
Good to no but only downside is with 11 days of trading and prob consecutive share price reduction the price will no doubt be about 4p and then what? Good results brings it back to 6-7p or crap results and I think it's time to switch of the life support and put us all out our misery. Been invested here for 6 years and believed the Duncan's hype. How wrong was I. I just hope for there sake and everyone elses that this starts to go back up.
I have spoken to CB and have been advised latest time to publish accounts is end June, however, they expect to announce earlier.
Day on day no news. Communication for PIs non existent. Someone please tell me why has there been a no vote of confidence in the directors. Just look at the share price in past 3 years. Actually embarrassing and been on a life support since then. I know the Nomad and Directors read these forums so sort it out and start communicating and bringing value to the share price and stop milking us all dry
The communications from this company is nothing short of embarrassing tbh. Not even a communication saying that the have no reason as to why the share price has plummeted . Stinks of insider trading tbh. Have lost a fortune on this company and Duncan's blatent lies and not one apology from him for his blatent ramping of the share and his selling of his shares to buy his house.
Worth a punt? Results will be terrible as we all know. Investor Relations seems non existent. Will it bounce if we get a dangling carrot with results?