George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
The secrecy around the paying agent is a giveaway. If anyone were to actually receive notification on the 2nd, the agent details would be effectively in the public domain pronto courtesy of X, this board, ADVFN etc. If this were happening then just post the agent details on the Cloudtag website on Tuesday.
As no nominees, except the Dentist, are even sure that initial contact has even been made with any broker, the agents would be overwhelmed if their details were revealed, it’s a dead cert that nothing will happen on Tuesday that could identify any agent. From that I will conclude that no contact will happen. (Unless there is a strict NDA on revealing the agent within the contact email - on pain of not getting the payout if you do, lol)
Anyone else think he is desperately badgering his brother to stump up the cash but keeps getting knocked back?
Yes, nothing to prevent US businesses who mainly work over Easter sending out the email, just that it doesn’t seem to have happened (and was timed over 4 days when UK brokers shut).
I’d question the ever increasing number of updates. There is no regulatory requirement to keep up a running commentary (strict NDAs?!) and announcing something that will happen the next day and doesn’t appear to have come about, is utterly futile. My conclusion is, it is all about the announcing and nothing else (perhaps because there is nothing else).
Just imagine the alternative scenario, not making an announcement yesterday but actually sending out emails with links to the promised portal today.
Any other ‘weekday’ of the year an email stating individual shareholders were definitely going to get notification would prompt further calls to brokers such as ii who had to release a corporate action notice to specifically state Cloudtag had not made contact. Simple reason it just doesn’t make sense that major brokers would hear nothing and contradicts what earlier updates stated about all holders being contacted together. What a strange coincidence (lol) that this supposed email contact is occurring on the first of two bank holidays either side of a weekend when of course it is not possible to do this as UK brokers are closed.
Didn’t the original key 6 weeks leading to payment terminate just as everyone shut up shop for Christmas?
When it comes to incoherent threads, possible traits of Narcissistic personality disorder and STFU unless there is something worthwhile to say…Amit seems to fail on all counts.
(If that prompts an email to land in someone’s inbox and leads to actual cash in the bank, I’m happy to have as much egg on my face as you like).
Having to pull my funds out of CTAG prior to delist (in my opinion then and now to avoid losing them) has in hindsight perhaps saved me a few bob. If any junior Aim share tempted me over the past few years it was COPL.
I saw the Bidstack (BIDS) debacle reported in the nationals. Had a look on that board out of interest - amazed to see Helx2 leading the complaints to the SFO and FCA after doing a 180 there.
“Proof as always is in the pudding.” B3ast - The proof of the pudding is in the eating. That’s how it started out anyways.
My own thoughts, it almost seems set up for no email tomorrow for those with company issued shares - hence the next step of emailing Cloudtag after April 2nd. What then? He could have just asked those who are not nominees to email their details to the same address last autumn.
Reminds me of the suggestion back in written letter days for troublesome customers to write in to the company, Department WPB. For those who can’t guess - it stood for Waste Paper Basket.
Leftie friends lol, I pay a lot of property CGT in case you missed the dig at our future Deputy PM , Gawd help us..
You go to the same finishing school as Angela Raynor Hubba? Scum indeed. Don’t forget to pay the CGT bill when you get your rewards ;)
I remember the ultra bull dougal being very wedded to the FCA registration for a role at an entirely separate legal entity having great weight for a positive outcome here.
Don’t see the relevance myself. The legit brokerage Madoff ran was no comfort for the victims of the unconnected fraud. Erstwhile chairman of the NASDAQ to boot.
It’s all supposition, only one simple thing needed to stop it…$50m
So, SB Corporate Finance advised Cloudtag, say £500 per billable hour? No wonder the ‘deal’ took so b****y long. After the ‘deal’ was said to have completed there seems to be a lot of billable hours from this ‘agent’ - whoever they may be??
Playing devil’s advocate, the overwhelming evidence seems to be brokers not being contacted in sufficient numbers to lead to the need to contact certificated holders as per the update that requires concurrent contact. Using the term RNS for what Amit puts out could be misleading. The Regulatory News Service is not available to private companies, those companies with main market listings have many checks and rules to comply with over what is RNS’d to market. At the bottom of the pile, an Aim listing needs a NOMAD to be responsible for the veracity of at least the basics such as funds with a bank, completed deal etc. The naming of this bank, who will obviously make no comment and will undoubtedly take client confidentiality more seriously than Farage’s bank, reminds me of the time named Hugh Risebrow as a new hire - something he had to open an account here to deny!
I know it’s already been done before, but my suggestion for the agent in the Cloudtag movie would just involve buying a wig for whoever is playing Amit..
Penultimate paragraph; if there was, say, a clinical diagnosis of a mental condition then the updates would be a very good example of it in action. It is supposition to say what could indeed be evidence of such a condition ‘is clearly seen’ in the updates without any other reference, I’d guess it would get an ‘objection, your Honour’ in court. Correlation not being causation and all that.
Perhaps he is creating the impression that he is mentally impaired for an end game that is a less worse outcome than being found to have carried out a deliberate fraud over some years? (Although ‘Catch 22’ could argue that pretending to be mad is in itself a form of madness). I put forward to another poster who was claiming something to the effect of ‘everyone knows Amit is a poor communicator’ that, no, what we know is nothing he says ever seems to come to fruition. The effect of spinning a convoluted tale out of nothing could be responsible.
Posted in the spirit of adding an extra viewpoint.
$50m, multiply that by 1000 and then some , that really was a corker of a fib by Bernie Madoff, erstwhile Chatman of the NASDAQ. There was a brilliant line in ‘The Wizard of Lies’ where he was offered the opportunity of getting a lawyer before interview, his reply; ‘I know the SEC rules better than most lawyers - I wrote most of them’.
Some speculated a while back that it was family money funding the payout rather than a commercial deal. Would be fraudulent to attempt such a thing and of course there is no evidence to suggest it. However perhaps Amit is under the impression that he can get family funds to make the payment? In one way or another he is rather inviting the supposition that something is amiss with his grip on reality.
Things not happening (as were stated as due to happen) is evidence. Also always worth stress testing a theory, would it increase likelihood further if there were a dozen more prevarication updates? Why is 24 credible and 36 not if the answer is no?
Reminds me of the ‘Blackadder’ sketch with the old sea captain; “Opinion is divided - everyone else says it isn’t, I say it is”
Platypus, I made that point months ago - I’m incessantly being asked for these proofs (including from ii who I’ve been with for 10 years plus) as I exit a residential property portfolio. Begs the question though, why does Amit come out with utter BS when he could play that card with some credibility?