Cloudtag Inc Share Price (CTAG)

HITS Very well put and food for thought

Yes, Beretta, I am aware of at least some of the instances you mention (including the gravest). Notwithstanding, while Amit was looking to raise money at any time on the back of the CTAG fairytale - and as you yourself will be aware, this continued long after delisting - pointing out (with hard evidence) how farcical this was as an investment was surely no bad thing.

IN somewhat similar vein, I have more than once thought that the CTAG/Amit/snake oil saga was worthy of media attention. It has all the ingredients that would make for an interesting exposé, either via TV documentary or piece in one of the more serious national newspapers, if only a decent journalist could be got to pay interest. There is currently without doubt a public appetite for these sorts of things - cf. Mr. Bates vs the Post Office, which has vague similarities in terms of ordinary and quite genuine people being stitched up.

Yes, the CTAG fiasco doesn't have the billion dollar scale or the Silicon Valley glamour of a major league medtech fraud, such as Elizabeth Holmes and Theranos, which became the subject of myriad articles and more than one TV documentary. But then again, unlike CTAG, Theranos's investors weren't exactly ordinary working people... yes, Rupert Murdoch, Larry Ellison, Henry Kissinger and their like may have lost dollar amounts running into seven figures, but that won't have been life-changing for them. But for the more normal investors in CTAG, this fraud has in all too many cases been hugely damaging.

Perhaps the biggest benefit of an exposé piece would be as a cautionary tale about investing in AIM small caps, highlighting the perils of herd mentality, confirmation bias and unwittingly relying on echo chambers (where the narrative is almost entirely defined by disingenuous cheerleaders) for one's information. It'd also underline the fact that there is effectively no regulation of the AIM market... the FCA is notorious both for its inaction and its resulting impotence, and as for PIs relying on a Nomad to be their guardian of truth and rectitude? Everyone should be brought to realise that that statement is a particularly sick joke, since Nomads will sign any old BS off in exchange for their retainer fee, lunch at the Ivy and the occasional case of claret.

If more people had been aware of the above before taking their first step into the pile of stinking doodoo that is CTAG, they might well have trodden more carefully. After all, forewarned is forearmed...

HITS

I totally agree with your post but as you will be aware some people have lost houses , ended up in hospital and in one case far worse . Last thing people need ( yes we all invested by our own volition ) is some keyboard warrior calling them stupid . Yes we already know this but dont need reminded from some b&ll $nd .

Of course, if people genuinely choose to live in hope - despite it has to be said all the mountains of evidence to the contrary - that's a matter entirely up to them.

Having said that and as long-term CTAG watchers will be well aware, over the company's entire history from inception to the current day, there have been near on countless bad actors spouting quite deliberate falshehoods looking to promote the outfit whenever Amit was trying to sell shares (both pre- and post-delisting) and also more recently smokescreening in an attempt to run cover.

Well, I say "countless"... maybe not, if one takes into account the multi-IDs used here by the purely self-interested and entirely disingenuous cheerleaders, but still, plenty. Going right back to the days of the likes of David Greece, Aberdeenman, MrSelfridge and Brokerman/GoldBullion (to name but four) Amit very clearly realised that using bulletin board shills was a worthwhile, useful and lucrative tactic.

So sure, I personally will sympathise with the genuinely unfortunate... but those being obviously deceptive deserve calling out.

Well said TDAD, sadly there are people who get a kick out of other people's misfortune. It's a very British peculiarity, we build up all our celebs and sportsmen purely to drag them down and put the boot in.

Best of luck to all involved in the legal movement. I hope they make him squirm at the very least and at best destroy any lingering credibility he had on the business stage.