The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Ah, I see Soyo, my apologies.
Duntmatter, that would be like setting yourself on fire to make someone sweat a bit.
“from today” Doesn’t that contradict the specific insistence from Amit that shareholders must all be contacted simultaneously (as used to justify a previous delay)?
Maybe a fan of The League of Gentlemen too shenners - “We didn’t burn him!” (Said by Tubbs to the PC as he was leaving the shop after she successfully feigned ignorance over the missing person).
Absolutely 1984.
Perhaps some don’t regularly have interactions with large firms’ customer service departments? 1984 has touched on this - customer service is at an absolute nadir in WFH Britain, absolutely Goddam awful. Lloyds? The bank that I had SIX upheld complaints with in less than a year with £1,000+ compo. Nationwide building society? £400 compo for having £85k of my money and taking three months to redeem the mortgage I was paying off. Churchill Insurance? Currently THREE upheld complaints and £325 compo for mishandling an ongoing claim.
All accompanied by numerous calls with a variety of incompetents who I wouldn’t trust to tell me the weather if they were looking out the window.
Vagabondo, you obviously aren’t imbibing enough Kool Aid, plenty here manage it.
11:37, you haven’t lived Helx. I expect it’s banned now under health and safety.
Complete mystery to me why some don’t use the filter (or start a petition for London South East to convert the chat to a shareholder safe space with a ‘No platform’ policy like the students operate in our universities.
If the promised monies are paid out (the only thing that will change seven years of negative opinion), it will a) amaze me and b) be the end of my interest - and Amit will be vindicated. I’ve got a fair few t shirts from failed Aim ‘lifestyle’ companies, like many have, but there is nothing comparable to this saga and as a former shareholder I will follow it to its conclusion. I have cut back on posts as it seems to cause such upset, but will put in my twopennorth from time to time.
It has not been proven that Amit is a ‘corporate communications clown’. What is proven is that nothing is proven other than a long line of things announced failing to occur.
A successful outcome would validate the communications clown comment but at the moment it is simply putting the cart before the horse. Having a glass half empty fall back that assumes there is definitely a deal is a flawed starting point imo.
Your marginal rate isn’t dissimilar to the marginal income tax rate on the rental income side following Osborne’s ‘Section 24’ legislation that prompted me to exit (that and the expectation that I should become a social housing provider by default with that clown Gove as my ‘boss’).
Myself, £100 to a youth homeless support charity last December (my main charity is HMRC with their special CGT rate of 28% for exiting landlords - over £200k paid in past 2 years).
Fair enough Helx, that or sewing mail bags..
Entering ‘Cloudtag’ or the registration number ‘23232’ (from Cloudtag website) in the ‘Entity Name Search’ on the website of the Financial Services Authority St Vincent and the Grenadines (svgfsa.com) produces ‘no matching records found, filtered from 4,250 total entries.
Surprisingly there is a new website containing more delusional twaddle than Cloudtag.com:
It's Harry and Meghan 2.0! Royal rebrand as couple launch The Office of Prince Harry and Meghan website Sussex.com which modestly insists pair are 'shaping the future through business and philanthropy'
Grifting.com more like..
Correct pikey. For several months it wasn’t clear what the amount in escrow was supposed to be, it had only been stated that the deals totalled $275m with the licensing portion in escrow. A later announcement placed the licensing amount at $50m.
As a sceptic, I along with others was pointing out to the posters who made the schoolboy error of claiming that the whole amount was secured in escrow that for all anyone knew at that point the licensing payment may have been chicken feed and possibly part of a plan to pay it out at minimum loss to ABH to create an illusion of credibility. The out-turn being that was not the case as $50m is of course a serious consideration in anyone’s book - however in fantasy land it costs no extra to go large of course.
Why are individuals being asked to complete personal IRS forms if the company is selling something in the course of its normal business and then distributing the proceeds to shareholders as a dividend? This has never made sense to me and I posted as such when the IRS forms were first mentioned. The point seemed to be answered by assuming it was some special dividend arrangement direct from a US based company to Cloudtag shareholders.
In the logical scenario of Cloudtag selling the asset and then distributing the dividend, why isn’t Cloudtag completing a corporate IRS form. There are many London based FTSE companies with worldwide interests, they take care of the tax liabilities in the various countries they do business and when they pay a dividend to their shareholders, they don’t require individuals to complete paperwork for all the various tax authorities in the countries where the payment originated - it is taken care of at corporate level. Why is this then not the case with Cloudtag, presumably on the hook for 15% US withholding tax with the dividend then impacting shareholders in line with receiving payment from a Cayman company and however that is treated by the tax regime where the individual is resident/domiciled?
‘9 Dec 2019 — According to British psychologist Kevin Dutton, the top four career choices for psychopaths are CEO, attorney, media personality and salesperson ...’ (Forbes).
There obviously must be a reason for Amit’s behaviour. Mental Illness gets mentioned but usually to automatically discount it. I see Amit’s career path ticks two of the four choices.
‘RNS’ (Regulatory News Service) announcements were relevant to the previous iteration of Cloudtag when it was listed on AIM but the so-called updates on the present Cloudtag website are nothing of the kind. They are classed as media and press on the website and carry the weight applicable to an unlisted entity based in a location with virtually no regulation or publicly available financial details and operated by a sole director with published contact details that apparently never result in a reply.
‘Corporate updates’ are about as meaningful as from a bloke with a rusty pick up sending a badly worded text on a PAYG phone to some poor sod he doorknocked and relieved of several grand cash - to say Brexit is causing problems with tarmac supply and the driveway won’t be done till next month..