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Correct, they have been out of multi packs now for two weeks ( vapes) and great comms, I asked them when the multi packs would be back in stock, and they sent me a discount code which allowed me to buy 5 singles at same price as multi pack.
I have 1m at an ave 0.51 at a 100% inc, value went from 50 quid to £100 So just 98.8% down , I cannot be bothered to work out what sort or rise is needed here to break even, but it would considered a financial miracle!!!
Payment arrangements
19th January 2024
Following the announcement of the 21st December 2023, it was intended that the agent aimed to be in a position to transfer funds during the week ending 19 January 2024. This timetable has slipped slightly at the behest of the company (as explained below) and it is the intention to make contact with shareholders either directly or via their investment platforms during the following days ending 31st January 2024.
As mentioned at the time, there is an important but complex part of the process to notify all shareholders at the same time given that a link is sent to establish payment. This is relevant given the range of investors and their various currency requirements and to ensure that no one is disadvantaged by a lengthy notification process.
The company was notified yesterday that a number of private investors and a London based US institutional investor were contacted but could not be assured that all shareholders would then be communicated in a timely fashion. To avoid any potential disadvantage, the company has ensured no payments have been made today. The payment agent has given assurances to the company that it will be notifying all shareholders in a timely fashion next week.
As confirmed on the 11th January 2024, it has been confirmed the level of payment per share and all other parts of the process are ready for actioning.
The Company remains under strict non-disclosure agreements. All further updates will be published on www.cloudtag.com. oh dear!¬
1984Investor I hope you are correct, as a capital payment suits me and I image all of us, better than an income payment, however I cannot see in the announcement how you arrived at your point that one is income and one is capital, could you explain please, as unfortunately to me, it seems they are both income payments
Not necessarily, maybe today, but they said upto the 19th
Not so, read the announcements
The Company's sales and distribution partners have identified significant retail demand for additional vaping products to be marketed under the Chill brand. The Company is therefore developing an expanded range of reusable and rechargeable products while establishing a rapid route-to-market plan for these range extensions. This is very good! Although I do not believe disposables will be banned, this ensures users will be able to buy chill now and in to the future
Yes you correct, not done yet!
Dividends are probably the worst way to receive this payout, from a tax point of view. and I understand dividends are a share of profits from company owned shares, is it possible that in this unusual circumstance, that the payment could be classed as a different type? just hoping as this is really galling considering that my shares were originally in an ISA!