Member Info for HeadInTheSand

Ocelot is a not particularly adept company shill.

Okay, let's look at those half year results - and take away both irrelevant hedge-based elements that unrealistically distort the figures (the derivative financial instrument gain and realised derivative costs).

Fact - ANGS produced an operating profit of £2.151m in the half year, prior to finance costs. Fact - those half year finance costs were £1.915m.

This leaves ANGS with an operating profit post finance costs of £236k for the six months.

Annualise that and hey, let's be generous and call it £500k. A market cap of £12m definitely looks on the chunky side to me.

There's a paradox.

1984 is prone to assuring everyone that Amit speaks the truth.

1984 categorically stated here a couple of weeks back that he had received an email from the agent.

Amit has since stated that nobody at all has yet been contacted by any agent.

Erm...

The company reserved the right to pay future quarterly ORRI payment sin cash or shares - at last for the next 12 months.

I entirely agree... if these payments could be made in cash out of generated production revenues, then they should. However and as I previously posted, ANGS hasn't given us enough detail about its current arrangements with Trafigura to be able to have a stab at how much cash (or nett profit) it's generating per month.

We must be due an announcement very soon about how the Q2 ORRI payment is being settled. If the company chooses confetti again, that'll give some fairly hefty clues as to how much cash it has (or hasn't) got.

Trust me, people are making money from this. Just not PIs who invested on statements made by the BoD past and resent, as continually regurgitated by Ocelot.

It's nigh on impossible to come up with a 'rational valuation' without knowing key items of detail, such as the nature of the new offtake agreement with Trafigura and the exact import of those extra hedges taken out (as revealed in the half year figures).

Separately, we're about to find out if ANGS is going to settle its ORRI payment (overriding royalty interest at 8% to Mercuria and Aleph) for Q2 in cash or shares. If the former, it's going to be about £390k, or if the latter, it's going to be about 130 million new shares that need issuing, given the 15% discount to 30 day VWAP.

Mystic Meg is back! And as the ANGS SP hits a 52 week low, he's as accurate as ever!

Tell that to the SP.

You guys need to polish the unpolishable a whole lot harder.

Tracey/Wakey and other aliases.

1. No I have never been short on CTAG

2. Yes I did buy and sell an irrelevantly small number of CTAG shares before delist - as you say it was a trader's paradise. I think I ended up a couple of hundred quid down.

3. The "issues within the company" while it was listed that you mention all revolved around Amit's continual telling of massive porky pies. about the Onitor, its capabilities, its readiness for market and guaranteed purchase orders for it.

4. As others have said, he was forced into delisting because the company's Nomad resigned and he couldn't find another. (As a side note, being unable to find an AIM Nomad really takes some doing, because those guys will typically shut their eyes to almost all sorts of impropriety and rule breaching in exchange for their retainer, a case of claret and lunch at the Ivy).

Doug, the reason I assigned no credence to the medical environment BS from Amit was because that new fairytale was only cooked up once the very last legs had been cut out from under the retail product myth. He and his heavenly choir needed to come up with a new (and equally mythical) direction to keep the CTAG plates spinning a little longer.

As you're quoiting micro-oilers as an exemplar, I'd say it was a very similar tactic to Sanderson at UKOG rapidly having to embark on his Basur wild goose chase (and his current decades-away hydrogen storage claptrap).

Doug, you say "‘the lies have been blindingly obvious since ABH took over cloudtag’ does not then correlate with several thousands of investors then having taken a punt. There then had to be some substance to the risk for those punts."

I am going to disagree with you here. Even while CTAG was listed and the rampathon was in full swing, there were numerous very obvious red flags that showed the company and Amit up for what they were and are.

All of these were easily checkable, were one to do even a modicum of basic research at the time. More relevantly, all of these red flags were detailed with full supporting evidence on this BB, again at the time. Needless to say, the ramp crew (DG, AbMan, MrSelfridge etc etc - and at least one of their ilk continues to post perma-positively on CTAG to this day), did their level best to bury such revelations.

Examples? So many... but these few should make the point:-

The announcement of the deal with CITIES that was going to see the Onitor stocked in Target stores in the US.

As was pointed out by those who researched at the time, CITIES was never a distributor - it was merely a sales agency that never purchased stock, but merely attempted to flog various items to retail chains, taking a commission off any orders won and delivered. There was no commitment to any purchase order at all.

The announcement of the USD5.2 million "distribution deal" with Second Chance, the "major European sporting goods distributor".

5 mins searching at Companies House (and at Second Chance's own website) revealed that this outfit was (and still is) a tiny operation selling novelty golf items. It had never been of a size where it needed to file a full set of accounts (and still isn't). its warehouse in Lanchashire was tiny and he value of its overall stockholding of all goods it dealt in was c. £1 million. If that wasn't sign enough, those of us who have dealt with major pan-European routes to market for consumer electronics goods pointed out that real distributors operating in that space typically turned over in excess of £1 billion a year.

The fact that Xiaomi (a real Chinese manufacturing giant) was already publicly offering (on AliBaba) a wrist-wearable device that did everything that Amit claimed the Onitor would do and more for an end-user price of under USD13. URL links were provided proving this.

So sadly, there was never real substance, but instead many very large warning signs back then. However the ramptastic crew managed by sheer volume of posts to drown auditable facts out with their utterly self-serving Pied Piper schtick.

Wakey/Whispering criticising someone for writing a post that is "full of their own convictions" is more than amusing, given her own unswerving and robusrly expressed Amit zealotry. I think the expression "fangrl" suits her rather well.

Perhaps even a little self-awareness might be in order?

Tracey/Wakey/Whispering continuing as hard as she can to run distraction for Amit, I see. She's always been a fervent Amit apologist/cheerleader... but the fact that she still is genuinely is something that definitely merits people asking themselves "WHY?"

As to "Why the delays?", Occam's razor provided those without an ulterior motive a clear answer to that about 36 updates ago.

Lladies and gentlemen, please welcome back onto the stage for the umpteenth time, Onetomany, LSE's most gifted psychic.

I just love this BB's answer to Mystic Meg... although still not psychic myself, I can confidently predict that any forecast of his will be comedy gold.

The ANGS SP was going to be a minimum of 1.5p by the end of March this year, wasn't it?

Wakey, being kept in the ***real*** picture by Amit would presumably be beneficial, but sadly he keeps showing investors pictures that are at best wildly inaccurate (if not knowingly false) - but in either event, said pictures provably turn out to have nothing to do with reality.

"todays update like all of the previous … it’s called conforming to compliance in business …"

"Like all of the previous", eh? Well, I've learnt something new today. Apparently according to Wakey/Whispering, " conforming to compliance in business" means "issuing multiple communications which turn out to be entirely untrue". Who knew?

The update was Feb 24 for sure. The evidence shown was a set of incorporation papers from 5 years earlier dated 2019. Plenty can happen in five years.

Have you tried doing a St Vincent & Grenadines company search?

Although late in the day, one has to lay some blame at the door of the 57% of the c. 175,000 tweedy party membership that voted the arrogant, toxic and lunatic Truss into Number Ten.

Whether a streak of innate racism had something to do with the crushingly disastrous choice made is a matter of discussion.

Regardless, it seems 150% certain that Plastic Kier will get the captain's hat. Whether that's for one or two terms depends on how profligately he borrows and/or how hard he sticks it to working/taxpaying Britain.

Whereas I grant that Cloudtag Inc. seems to have once been registered in St. Vincent (presumably having been moved there from the Caymans, its first resting place after hightailing it out of the UK), it doesn't seem to be currently registered there.

Clause 205 of the articles of incorporation as linked to gives Amit the right to move the company to wherever he wishes. It seems that he may have done this.

Wakey/Whispering states:-

"My own report to an official body - during 2018 concluded after an eight week period of investigation - which afterwards Amit was allowed to continue selling shares whilst being a Director regulated by the FCA."

Points to note from that assertion:

Unsurprisingly, Amit was continuing to punt shares after delist and apparently after 2018.

Though he was apparently in a regulated position at SB, presumably said regulations only applied to his activities at SB and not at any other company. IMV this mention that Amit relatively briefly held a role at a separate company with said role being subject to oversight and regulation is an irrelevance as far as anything he was up to under the auspices of Cloudtag was concerned.

Separately and finally, does anyone know under what geographical jurisdiction Cloudtag is actually incorporated as a company? It's apparently neither the Caymans nor St. Vincent... any other suggestions?

Possibly, but equally, hanging around assuring everyone that, despite the literal mountains of broken promises, false assurances and downright lies, it's all about to come good is beyond pathetically childish. It's flat earther.

The latter, without any doubt whatsoever.