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Quelle surprise... not.
And in case this hasn't been realised yet, this particular little beauty from todays' can-kicking update:-
"Shareholders should also note that part of the complexity is due to the fact that the agent needs to notify all platforms and shareholders in unison."
...ensures that the can will be kicked for a good while longer.
Forgetting the obvious begged question (namely WHY does the agent need to notify all platforms and shareholders in unison?), this now sets up an interminable delay, as the agent allegedly needs the contact details of ALL shareholders before notifying any of them. How about those whose broker platforms sent them a share certificate? How about those who have moved house?
It is of course all a ludicrous crock - but ongoing delays and the spurious reasons for those have been teed up.
BTW, they are literally doing this to be cruel to holders. There's no other reason. Amits probably reading this forum and peeing himself with laughter.
Ahahahaah. Nearly there lads, this time next year you'll be millionaires!
“The Cayman Islands is the preferred jurisdiction to deliver value for all shareholders and funds arising from the transactions will be paid in pound sterling.”
22nd November 2022, Cloudtag update. My apologies, I referred to this announcement as being earlier this year.
Why wait until the very end to realise and act on this? Surely this should have been done earlier in the timeline…of course if it was real.
It’s a total disgrace the man is just playing with people this is not going to happen
I had no illusions surrounding this alleged payment, but now we have slipped into farce
If I am contacted by iii I'll let you know
It’s not the ‘agent’ that hasn’t worked out that shareholders have GBP accounts though is it? For crying out loud it was stated earlier this year that payments would be in GBP - it was Amit himself issuing the recent so called clarification update (that was in fact a contradiction) that stated the payment would be in US $.
What a disgraceful way to treat shareholders.
Literally none of that update makes any sense, i.e. "agent needs to notify all platforms and shareholders in unison" WHY?
How's this going for you?
Best get something to wipe all that egg off your face 1984...but yeah champagne on ice? Such a mug
It’s all lies
Lol
So the agent sat with their fingers up their buns for five weeks before working out most people had GBP accounts?
Don’t banks accept other currencies anyway such as when you draw euros from an ATM abroad?
21 December 2023
Further to previous updates, the Company is pleased to announce that it has confirmed with the agent that shareholders will be able to elect whether to receive funds in US$ or GBP.
We understand that the US$ / GBP conversion, for those who choose it, will be carried on the day of payment.
We are aware that brokers have been contacted in respect of the said transaction.
Due to the complex nature of the various distribution process / platforms, and now facilitating a choice of currency at the request of some shareholders, the agent aims to be in a position to transfer funds in the week ending 19 January 2024.
Shareholders should also note that part of the complexity is due to the fact that the agent needs to notify all platforms and shareholders in unison.
The Company assures shareholders that whilst the agent has requested more time to complete its work, all preparation for the distribution process is well underway.
The Company remains under strict non-disclosure agreements. All further updates will be published on www.cloudtag.com.
Just spoke to Barclays they have heard nothing at all so not good really
Did i hit a nerve, you delusional little man. pathetic moron.
Ok, back to me making money the proper way. my hargreaves account is looking rather tasty. and wake me up if you ever have real hard evidence of money going into brokers accounts.
I will cheer if money goes into shareholder accounts. and i am not little. but anyway you think whatever comes into your tiny mind about me. have you got any money yet chimers.
Shame you cannot bring yourself to be of good cheer for the long suffering shareholders
what a disgraceful little man you are
Dag why should you care how its been handled ,its got nothing to do with you
Why your even here is a complete mystery
This has been so badly handled even if [ and it is a big if] you get some money. rather complicated so let us wait till xmas and then update to say it is rather complicated. is this money supposed to be in an account ready to dish out. you want to hope that is true and they are not going to mess brokers about to keep it going longer. but yep. all promises made never happen.
Thanks Ricci much appreciated
This looks really promising. I still haven't had a reply from HL but imagine I will do at some point today.
Thank you for posting
Probably another delay incoming but looks promising if this is directly from HL 🙏