Roberto M. Sella15 Oct 2015 14:46
Taken from Trading Update Dated 23 July 2015
dated New Equity Investor
cloudBuy plc also announces that Roberto M. Sella and affiliates has become a significant investor in the Company. Mr Sella has entered into a subscription agreement effective 23 July 2015 with the Company under which he is subscribing for 5,000,000 new shares at 20p for a total consideration of £1 million (the "Subscription").
As a result of the Subscription and market purchases announced on 22 July 2015, Mr Sella is the beneficial owner of 10,675,000 shares, representing 8.3% of the issued share capital.
Roberto M. Sella is an accredited USA investor who is investing on a personal basis. He is Managing Member of LL Funds LLC with $1.5bn under management and is a former Managing Director at Morgan Stanley.
As troutisout mentioned on Wednesday @ 20.55 post:- We now know that Mr Sella has in the background has increased his number of shares to 12,800,000 which represents 9.97%. I would be amazed that this guy was not in the background acquiring more shares to average down and potentially become major shareholder. Question remains though, what is his game plan? Any thoughts?