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Over 2 weeks since the agents where emailed by shareholders and not one response...
Wonder if we will get our next delay this week.... how exciting.
There is an interesting item on the SFO website menu - ‘Our Cases’.
The ones I clicked on seemed to be ongoing after 5 or more years.
Whispering, you are quite new to the conversation here – joined on 24th February 2024 and appear to be firmly in Amit's corner. Would you not agree, that it is a shade disingenuous that he has promised payments for over a year, and keeps rehashing updates, which are effectively the same information over and over again?
"30th March 2023
The Company would like to advise that the funds for the licensing agreement have been successfully deposited in an escrow account. The proceeds of both transactions shall be distributed simultaneously upon announcement.
The Company understands that the announcement for its DaaP sale will be made by the 5th of May 2023."
Nothing has been paid and now there are NO dates for the proposed payment/s.
"The Paying Agent is continuing its work to resolve some final remaining anomalies with the share capital book, which it expects to do in a timely manner, before it commences all notifications including to brokers."
What's a timely manner given we have been waiting over a year plus now?
" I've heard nothing presumably means that they have no evidence of fraud or wrongdoing"
As if they've had time to look into everything in that timeframe, what world do you live in.
Nothing can be currently verified Spkie, perhaps context of conversation was lost on you
Whispering 16:07: “I heard Amit invested c2 million of his own funds…”
? and is there any independently verifiable, public domain evidence to support that?
… it would be far more interesting imv to know just how much money amit has taken *out* of cloudtag over the last 8 years or so ….but i don’t think amit’s going to provide any independently verifiable answer to that.
Lol, but not quite bud, more the ‘wee shuggie’ with a healthy mix of the Black Douglas (wolf of Badenoch) when he then finds a bee in his bonnet.
IF you take anything from tonight, then take ‘the debt owed’ and its legal standing.
Oh ok Doug obviously you know better than the SFO or action fraud , can I suggest everyone just write to big Doug and he'll sort it out, don't know why we didn't just do that in the first place
Dougie
My understanding - and correct me if I’m wrong - shareholders contacted the SFO, amongst other agencies for verification that Amit/Cloudtag is legit?
Now you’re considering/suggesting that the SFO perhaps aren’t fit for purpose?
Tony T., per your ‘ahead of the curve’ which then sees you as the most recent shareholder to raise your concern to the SFO. In other words, right at the very back of the curve.
And what you then spectacularly miss is the subsequent posts questioning the integrity of the SFO senior managers, past & present.
A “keyboard warrior” indeed.
Raises the question as to what offends you the most : Pi’s posting their opinions or Pi’s finding fault with ABH ?
Whispering. Pretty sure there is no payout due to there’s no deal and obviously no money. Nothing he’s said in what aleast 7 years has any truth.
Jeez dougb, not every post is about you much as you'd like to think you're Mr big guy. The point I'm making and you're spectacularly missing is that if the SFO aren't interested in what would amount to a serious fraud given the amount involved ( and they would be) it's hardly likely that the brains of Britain on this bb are going to be ahead of the curve. And nowhere did I imply that I am the only investor to have contacted the SFO and/or other interested agencies. I'm aware of dozens who have done so and not one has had any further contact
Shareholders have a right to know - an explanation of what exactly is preventing a payout
The SFO chair, has likely not improved.. it is now the ex chief constable of the local home county, who has taken on the role. Apparently a 3% success rate for solving burglaries is considered sufficient.
Dougie
The SFO nor the FCA need a dissertation from shareholders… They need name, subject, concern. Pretty sure they can quickly google (or thoroughly investigate) whatever else they need to know…
Call me illogical.. :)
You so very quickly revert to nonsense. Or a sharper man than myself might consider the cat has got her claws out ?
The subject was centred on your opinion that SFO had effectively signed off ABH with ‘no evidence of fraud’.
I highlighted Tony T’s shallow depth of understanding and his likely shallow request of the SFO.
The two issues are related.
Not sure how he gets out of this with all the false updates and emails from cloudtag/ ABH stating apparently( at not proven at this time ) untruths. I’ve several including how he changed jurisdiction in the caymans. And more besides.there’s a massive paper chase with other pi s. He’s not that clever enough to cover all his tracks legally. So what exactly is his plan?
If the SFO is a crack team just waiting to jump on anything at a moments notice (and take on the FCAs casework out of the goodness of their hearts) and give a verdict in under three weeks it has miraculously escaped the malaise that has affected every other state controlled organisation over the past twenty years plus.
Talking of the FCA, the hopeless Andrew Bailey, now governor of Bank of England, who no sane person would rely on to tell the weather if he was looking out the window, was previously head there. Metaphorically and literally asleep at the wheel if you care to Google.
Dougie…
Play the ball (subject) not the player …
Frustratingly it’s easy to become sidelined… we’re all at times guilty
Subject is Amit & Cloudtag
Given that Trombone implies that he is the only sincere investor on this bb and that the rest of us who enquired of the SFO are nothing more than keyboard warriors, then it doesn’t take too much reasoning to work out the depth of detail that he likely supplied to the SFO. “Dear chaps, there are some keyboard warriors suggesting that Amit Ben Haim is a smoke & mirrors sky-fairy. Could you look into. T xxx “
How long to sort out anomalies ? Good question.
Dougie, I appreciate the time it’s perhaps taken for you to select c&p the below…
Then one perhaps needs to be tuned into confirmation bias, respectively
I’m more interested in the reply you received from the SFO… my understanding is - that their reply to some, was complainants to fill in an online concern with Action Fraud which would achieve a query/investigation… though, that they would need at least 50 similar causes for concern?
Given the tsunami of complainants - then I’d presume that what Trombone has said earlier… no evidence of fraud or wrongdoing?
Given that Amit was regulated and still is registered with the FCA, would indeed be of particular interest to any investigation officer.
How long does it take to sort out anomalies ?
I'm more inclined to believe that the SFO with their dedicated, professional investigators, are well able to see beyond a few amateur smoke and mirrors tactics when a very large sum of money is involved in a possible fraud., than a few keyboard warriors on this bb. After all, you wouldn't want your gardener sorting out your toothache
I’d disagree. It lends itself yet further to the ongoing deceit which could be summarised by a slight change in the syntax on all of ABH’s notices, to then simply read as “the cheque is in the post” :
1st June 2023 ABH: ‘we expect the fund distribution process to be fulfilled within 4 weeks..’ correlates to ‘the cheques get posted in 4 weeks’.
2nd Nov 2023 ABH: ‘we will commence the distribution process 13 November… Payment will be made to nominated shareholder bank accounts and investment platforms 4 to 5 weeks after the process commences.’ which correlates to ‘the cheques will get sent 1 week before Christmas’
21st Nov 2023 ABH: ‘pleased to confirm the distribution began its proceedings on time & will take around 5 weeks to complete’ which correlates to ‘cheques will arrive 1 week before Christmas’
21st Dec 2023 ABH: ‘in a position to transfer funds week ending 19 January 2024’ correlates as ‘cheques will be in the post, January’
19th Jan 2024 ABH: ‘affirm to establish contact with shareholders by 31st January 2024’ correlates as ‘cheques might be in the post February’
4th March 2024 ABH: ‘in a position to distribute licensing funds and conclude the process during the next 7 days’ correlates as ‘cheques will be sent next week’
8th March 2024 ABH: ‘to reiterate that the process shall conclude within the original time frame’ correlates as ‘cheques will be in the post in 3 days’
10th April 2024 ABH: ‘the agent has the funds’ correlates as ‘cheques may soon be in the post’
It can then be guaranteed 100% that the next notice will again have a variant of “the cheque is in the post”.
“Progression then sees concern being raised with the failure of CTAG to pay its debts ie. the non-payment of owed dividend / income payments. Which again appears to be centred on the tort of deceit ; fraud.”
17th April update on the Cloudtag website doesn’t lend itself to deceit… just saying