The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Thanks Stas, $10 million insurance doesn't seem a lot for a company worth $100's of millions, I hope shareholders can drag the culprits through the courts and go after their personal wealth, I wonder how much AM is worth, didn't he recently sell a house in Hawaii for $20M?
What's the bets that once the fire sale is over the new owners (AM/SL) will ramp production up to over 2500bopd inside a month, the long con has been in the making for well over a year and as always honest shareholders are left with nothing.
Can being incredibly gullible be classed as a mental illness?
Doug I would tend to agree with you, I think Amit suffers from a mental condition in that he genuinely believes in his own mind that he's negotiated a $250 Million deal and everyone is going to get a massive payout when there's absolutely no evidence anywhere to support it.
I also believe this will be his eventual get out clause when everything is finally revealed he will plead mental health issues (insanity) rather than doing jail time. One thing is for sure the end is getting closer.
Update number 25 and surprise surprise still no brokers have heard anything, Cloudtag really is the gift that keeps on giving. 😃
"All holders have to do is wait a little longer" People have been saying that for the last 2 years and 24 updates and yet they're still no closer to getting paid, at some point you're going to have to come to terms with reality.
That's exactly the reason why I got Australian citizenship many moon's ago plus I hate English winters the cold goes right through me.
Interesting, what's the bets that the $4.5 million payment is coming direct from Amit's pocket just to keep SFO and shareholders quiet?
Yes, David Greece was the worst character I've seen here LSE banned him in the end. I believe Aberdeenman and MrSelfridge formed a limited company purely for paid ramping and dropped it immediately when exposed, Liam was I think a genuine investor but was incredibly naive and used by Amit as his useful idiot. The history of Cloudtag would make a good TV documentary.
ART123 "Not only the ramping - some posts by the 'beloved experts' on here have been getting literally hundreds of Recommends in a manner that is/was truly bonkers."
GRH only has to write "Hi" and still gets loads of recommends lol, that's the level of stupidity of people here who blindly follow a self proclaimed guru and believe literally everything he say's, it's the quickest way to loss your money, I saw though his bs years ago.
I always laugh at the people who keep green lists, it happens on every share and it's always the them who have lost money which is ironic really as if they had listened/learned from the more negative folk they would have ultimately saved themselves a fortune.
Although I'm not currently invested, that email response shows that Callum is a perfect example of how a ceo should perform and interact with his shareholders which is very rare indeed. The chill.com website, ceo and the current strategy bodes well for the future, it is on my watch list.
A number of points raised.
(1) It makes no difference with Amit taking the website down to try and hide his bogus updates as it is readily available to view at https://web.archive.org/web/20230926192618/https://cloudtag.com/
(2) I'm also surprised it's taken this long for Amit to be reported to the authorities but if it was going to be done it was always going to be Doug as he's one of the largest shareholders in Cloudtag.
(3) Interesting to see the diehards left still thinking no wrong has been done are Helx, Pikey (old username HairyGrotbox), one of whom I have had my suspicions is Amit himself.
If the website remains down and there are no more bogus updates ever then it can be assumed this sorry saga has finally come to the inevitable obvious conclusion. RIP
Would it have not been slightly better to announce beforehand (maybe you did) a final deadline for accepting share holdings such as say 12pm tonight and if people miss it then at least they've been warned.
Thanks again for all your hard work, just shows what can be achieved if like minded people work together. I bet Art and his cohorts never expected the wall of anger they now face, karma will get them in the end, that's guaranteed.
"Feel free to update holdings, but we can only claim against losses (crystallised and uncrystallized)".
RBM, I noticed you mentioned the above yesterday, does that mean pi's who have already sold (crystallised) at a loss can email the SHG so that potentially those losses could be claimed via the Class Action and would the buy & sell contract notes be sufficient proof as it's obviously too late to get a screenshot of the original holding?
Bit rude, everyone has the choice of changing their opinions based on the information given, I expect eventually everyone will see the light and I believe sooner than most people think.
"Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning." Winston Churchill