Member Info for HeadInTheSand

WakeyMitch/Whispering is notable by her absence, since Amit's forced public admission that he'd been telling a pack of made-up lies... wonder why?

The company has in fact made two statements about the fact that it has now failed to pay the first two (out of sixteen) quarterly payments of £1.25m each against the £20m principal loaned by Trafigura.

7th May

"Production variability during the first quarter of 2025, before the booster compressor was commissioned, has resulted in the first principal repayment of £1.25 million, being deferred."

21st July

"Angus Energy confirms that positive discussions with Trafigura regarding the resculpting of the original payment schedule and the potential transaction are ongoing which includes the Company's second repayment which became due as of 30 June 2025 and has also not been paid as yet."

The first of those shows very clearly that it was unable to pay the end March payment. Making this even more clear is the reported fact in the interim results that it only had £785k of cash at the end of March 2025.

This has now gone lightyears beyond farcical. Amit needs institutionalising for sure - but whether that should be in Wormwood Scrubs or some nuthouse for the permanently deranged is getting hard to call.

He's completely shameless - and (of course) doesn't give a rat's a$$ that literally everyone is by this stage mocking him for his ongoing blatant BS. No doubt mainly because he's successfully ripped people off and trousered several million quid off them.

You think?

All the unedited updates text is in my "The day the wheels finally fell off" post below, should anyone wish to copy n paste it..

Oofy, you might be right, but only if you are prepared to take the various utterances of Lord Hans Christian Pinocchio Lucan at face value. And to me, that's very definitely a leap of faith too far.

Remember when he did that PR puff piece projecting ANGS's earnings on a gas price of well of £4 per therm? That was a real side-splitter, that one.

And remember when he went into a paroxysm of rage at posters pointing out the length of time it'd take to drill the side track, claiming that "Maybe on Mars, it'd take that long" and that no document existed which showed that timeline.... only to have it pointed out to him that the length of time quoted by said posters was in fact the length of time ANGS had stated in its own publicly viewable planning permission submission into Lincs CC? And of course, the sidetrack ended up taking far longer than even that... that was another ribtickler, that one.

Perhaps not the best person to rely on the burblings of?

Oofy, you might be right, but only if you are prepared to take the various utterances of Lord Hans Christian Pinocchio Lucan at face value. And to me, that's very definitely a leap of faith too far.

Remember when he did that PR puff piece projecting ANGS's earnings on a gas price of well of £4 per therm? That was a real side-splitter, that one.

And remember when he went into a paroxysm of rage at posters pointing out the length of time it'd take to drill the side track, claiming that "Maybe on Mars, it'd take that long" and that no document existed which showed that timeline.... only to have it pointed out to him that the length of time quoted by said posters was in fact the length of time ANGS had stated in its own publicly viewable planning permission submission into Lincs CC? And of course, the sidetrack ended up taking far longer than even that... that was another ribtickler, that one.

Perhaps not the best person to rely on the burblings of?

Commercial Transaction Holding Update

[Latest futile piece of can-kicking. Amit's stolen all your money].

1st August 2025

[The single truthful element in this latest update. But Amit'sstill stolen all your money].

Further to the update of 28th July 2025...,

[Further to the update of 28th July 2025 where Amit (who's stolen all your money) had his trousers pulled down and got spanked by the lawyers at J&J for telling repeated blatant lies...]

...the Company is awaiting detailed information from the buyer.

[...Amit is deciding if he dares risk naming another phantom buyer. Regardless, he's still stolen all your money].]

The Company will update accordingly on Monday 4th August.

[That is, unless Amit has liquidated the last of his UK assets by then. If he hasn't managed this quite, then bank on yet another can kick, because there is no DaaP, and there is precisely nobody looking to either buy or license such. So he's stolen all your money].

The Company remains bound by strict non-disclosure agreements relating to these arrangements.

[Following this Monday's excruciating embarrassment when Amit had to publicly announce that he'd been telling blatant and bare-faced lies, he's learned his lesson and so is going to hide again behind a non-existent NDA and not name a non-existent buyer. Oh, and he's stolen all your money].

All updates and official information will be published exclusively at www.cloudtag.com.

[More BS to be spread in an effort to delay legal proceedings until Amit gets into PI-funded first class on an EL AL flight, after which nobody will hear another peep out of him. And by the way, he's stolen all your money].

Precisely, Ocebot. Trafigura is indeed the big boy. And it didn't get that way by being a charity, so don't expect ANGS to be shown any mercy.

I know you two are all over the daily NSTA production numbers more than me.

Simple question - looking at those reported figures, do you guys agree that ANGS produced more gas out of Saltfleetby in Q1 2025 than Q2 2025?

By my reckoning, it was a total of 11.63 mcm in Q1 compared to 9.96 mcm in Q2 - does that stack up with what you're seeing?

I think the point that Mirasol is making - by referring to actual daily production levels in April - is that it is foolhardy to base a projection on one or two days' figures. You'll note from his posted NSTA figures that 0.1335 mcm was produced on Apr 17th and then 0.1334 mcm the next day. Happy days appareltly...

...except unfortunately within the next week, daily production dropped by 17.5% down to 0.1104 mcm.

This is precisely why (if you're looking to get any accuracy) you need to average daily production over a much longer period (say 30 days). To that end:-

Jan 25 daily average = 0.1378 mcm

Feb 25 daily average = 0.1331 mcm

Mar 25 daily average = 0.1172 mcm * compressor installation started this month

Apr 25 daily average = 0.1070 mcm * compressor installation completed this month

May 25 daily average = 0.1086 mcm

Jun 25 daily average = 0.1128 mcm

That communication said:

"Dear Onetomany,

Despite what you promised you could do by posting made-up nonsense on the LSE bulletin board, your dismal failure to drum up any meaningful support for ANGS has led us to decide not to pay your '10p per post made 'PR invoice. Well, that and the fact that we haven't got any spare cash.

Yours sincerely

The ANGS board"

OTM, this BB's bizarre lovechild of Mystic Meg and Orphan Annie.

Your squeaking is getting more frantic by the day, Onetomany.

Here's something educational for you. Extrapolating anything from a day or two's figures is pretty much entirely meaningless - you should know this by now, because you've squeaked very excitedly about a single day's production figure more than once before, only to look idiotic when more figures have become available.

What you need is a moving average, preferably over a minimum 30 day period.

Don't forget DavidGreece and BrokerMan/Gold Bullion. Those two were also seriously involved in working/supporting the con.

Others? More multi-ID company shills for sure... but also a fair number of very useful idiots as well, all of whom were unwittingly suffering from acute confirmation bias and deeply infected by herd mentality.

Make yourself sound all smart and stuff, Onetomany? There's not enough computing power in the known universe to enable that feat.

"Genuine reason"?

Given that (on top of mountains of other evidence over the years) we've now had a forced public admission that updates made on the Cloudtag website were in fact quite literally made up, it seems more than obvious that the "genuine" is not - and has never been - of any concern to Amit whatsoever.

The blatant J&J lie - or two lies, if you want to count the "Founded in the United States, it operates globally across three major sectors: pharmaceuticals, medical, and consumer health, and has proudly increased its dividend every year for the past 63 years" one - must have been caused by increasing pressure and panic on the part of Pinocchio Ben Haim. It's very obviously far worse than the equally blatant Hugh Risebrow lie he was caught out telling a few years back.

As to why Amit has persisted all this time? My best guess is that he's been trying to buy as much time as possible to divest himself of all UK assets that might have been sequestered as part of a fraud action. I'd further bet that he himself is unlikely to be seen in the UK again.

No surprise to me, but your earlier estimated timescale was quite correct, doug. Amit's frantic retconning and re-editing of previously publicly released info on the Cloudtag website over the last few days, plus today's forced admission pretty much have to be the last nails in the coffin of the Cloudtag scam.

If nothing else, the closure that now seems just around the corner will come as some form of relief.

I'm of like mind with you - the chances of actually getting financial redress out of Amit or the company are sadly going to be vanishingly small if not already non-existent. I suspect the chances of ever getting him to stand trial for perpetrating fraud are unfortunately equally sized.

Which leaves exposure and reputational damage as probably the most effective form of action. As you'll be aware, I've long been on the record as saying that the Cloudtag saga merits interest from national media, whether newspaper or preferably TV. Yes, AIM is in general a cesspit, but the CTAG fiasco actually plumbs unusual depths even against those appallingly low standards, so it does deserve attention. It's like the UK's own mini version of what went on over the pond with Theranos.

And if this only resultedin Amit's reputation being thoroughly and permanently besmirched, that at least would be something. Also, highlighting the FCA as a toothless joke and even showing up the SFO's surprising degree of apathy would also be no bad things.

Plus maybe such an exposure piece would serve as a cautionary tale to other potential private investors in AIM, warning of the levels of deliberate deception that go on every day and the stark dangers of confirmation bias and herd mentality? Who knows...

Separately, leaving aside the utterly contemptible scum who over the years - both pre- and post-delist - have quite knowingly and deliberately put in a lot of effort supporting what they knew to be lies for their own gain, there are more than a few others here (no need to list names) who would benefit from taking a long hard look at themselves and what they've put on record.

For posterity and ease of location.

All updates below copied directly from the Cloudtag.com website at the time they were made public AND prior to any post-event editing.

*****************

Pre-announcement Business Update

28th April 2025

The DaaP buyer is one of the world's largest and most respected healthcare companies. Founded in the United States, it operates globally across three major sectors: pharmaceuticals, medical, and consumer health, and has proudly increased its dividend every year for the past 63 years.

Their formal announcement is subject to final corporate approval. The DaaP buyer has advised that the announcement will be published in the medtech section of their website on Friday, 2nd May 2025.

While there have been some unavoidable setbacks, we want to reassure shareholders that everything is advancing and that we are now at the finish line.

The Company fully understands and shares shareholders' frustration and anxiety during this period. We are grateful for your continued patience and support as we move towards completion.

Licence notifications are currently being processed and will be distributed this week, as previously communicated.

The Company remains bound by strict non-disclosure agreements.

All official information will be published exclusively at www.cloudtag.com

*****************

*****************

Commercial Update Revised DaaP Buyer Announcement Information

12th June 2025

The Company notes that the DaaP buyer, Johnson & Johnson did not proceed with yesterday's formal announcement as advised.

As previously stated, the Company has fulfilled all of its obligations. There are several listed securities contributing to the buyer's ecosystem, making the scheduling of announcements complex and outside the Company's control.

The buyer is aware of our concerns regarding these delays and will advise us of a revised announcement date, which will be communicated to shareholders once received. If this confirmation is not forthcoming, the Company will provide a further update on Tuesday, 17th June.

The Company remains grateful for the continued patience of shareholders and fully shares their frustrations. We will achieve a positive conclusion and continue to do everything we can to ensure this is achieved as swiftly as possible.

All updates and official information will be published exclusively at www.cloudtag.com

*****************

*****************

Commercial Update

28th July 2025

The Company wishes to reiterate that the commercial transaction, along with all relevant details regarding the parties involved, will be announced on Friday, 1st August 2025.

We acknowledge that Johnson & Johnson has never entered into or expressed an intent to enter into a transaction or relationship with CloudTag.

We thank shareholders for their continued patience and support. Most importantly, we reaffirm that the above will be completed on 1st August 2025.

*****************

I think that Onetomany has finally realised that there is no RTO in the offing. Hence his rapid backpedalling away from that over the last day or so, and his switching to fairytales about workovers "significantly" increasing production this quarter ( there is no sign of that. Quite the opposite in fact) and an as yet undrilled new well changing the company's fortunes next year (entirely ignoring that a. ANGS has proven itself to be spectacularly unsuccessful at drilling and b. hasn't got anywhere near enough funds to embark on this latest feverdream).