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I've submitted the Cloudtag web site to Action Fraud and received a case number. I'll see if anything comes of it, but I gave them as much detail as possible including SB Corp details, Amit's UK company. This saga has dragged on long enough.
I don't have a Hargreaves Lansdown account, but I assume others do, so has any of with an account asked them about their shareholding in Cloudtag? They own 4.77% + 4.77% + 3.27% = 12.81% of the total shares in Cloudtag, so you'd think that would give them some level of access to the company. If they've heard nothing from Amit for years, then its fair to say that the web site is a scam. I just don't get why a scammer would keep up the pretense of maintaining the updates for some many years without getting bored.
After the first notification on the licensing deal on the Cloudtag web site on the 13th December 2021 (in the Press notifications) to the latest on the 4th April 2024 (2 years ~4 months later), I am literally lost for words for why anyone would drag this out for this long. This is beyond crazy if its not real, which I have accepted, but I still find it ludicrous. If its ego, then the Amit's ego is bigger than anyone else's on earth, and if its some kind of scam/fraud its one of the most elaborate and lengthy ones ever. If its fake (web site taken over by a scammer) this person is just as crazy to drag it out this long as well.
These updates are getting frustrating. Just tell us the agent details !
I made a joke post many months ago, that the we'd get an update at the end of March with the final one of the 1st April, and this is starting to go from a joke remark into reality with the latest update saying the 29th March
When a company closes down and has accumulated monies or assets then these need to be distributed to shareholders.
It could be that Amit is going through the public motions of closing the company and seemingly distributing funds to shareholders, while pocketing every last penny for himself.
I just read the corporate action notice...forget previous message. I thought it was good news....haha
Hi
I see many others have mentioned it, but as I posted a few times about Interactive Investor saying no, I have received a notification from II about Cloudtag, so it looks like the whole thing is real. I am beyond words and utterly surprised.
Interactive Investor has once again told me they've had no correspondances with Cloudtag as of today (15th March). They are aware of the web site updates as well.
RE: Cloudtag shares
Corporate actions, dividends and IPOs
Yesterday 14:27
Dear XXXXX
Thank you for your secure message dated 7th March 2024.
Unfortunately, to date II has not received any direct contact from either the company or the paying agent. Once we have received confirmed details a corporate action notice will be issued.
We trust that we have answered your questions, however please do let us know if we can do anything else for you. You can continue to write to us by secure message. Our response time is usually within a few days, however, in times of high volume we can take up to 5 days. If your enquiry is more urgent, please call us on 0XXX XXX XXX
We are open between 7:45am and 5:30pm, Monday to Friday, and 5.30pm to 9pm, Monday to Friday for International trading calls.
Kind regards,
XXXXX
UK Corporate Actions
Interactive Investor
No. It could be the last we see of the site. I lost faith with these updates a while back, where each one kept pushing out the deadline and never disclosing the details of the "Agent".
I emailed Amit at SB CORPORATE FINANCE PARTNERS LIMITED where he is the sole Director and asked him if the Cloudtag site was legit. He didn't reply, but now the site is down.
http://www.sbcorp.eu/
The dissolved CT Technology is listed under the active SB Corp on companies house & used to be linked to Cloudtag in 2016., so its the same Amit Ben-Haim that owned Cloudtag.
I've tried emailing sad calling the number of their web site, but to no avail, so I am surprised that others claim its worked.
The contact number on the Cloudtag web site under the Contact tab is +1 345 9494544. This is the telephone number for investment company called Collas Crill, a law firm firm in the Caymans, see link and scroll down
https://www.collascrill.com/our-locations/cayman/
Why is this company listed as the point of contact and not Cloudtag themselves?
Could this company be the elusive Agent that's mentioned in the updates?
I've tried again using Edge
and Chrome today
and I still can see the web site.
If you are wondering why these sentences are
short its because an AD keeps
appearing in the same place over
and over in the middle of the screen
and I can't get rid of it
Can anyone get on the Cloudtag web site?
I get the impression we're going to get another delay and finally on the 31st March 2024, we'll get told the final update will be the following day.
"Forgive me Hellie so what are you saying?"
I am highlighting that Cloudtag has been busy while they've been unlisted. Tech start-ups call it "Stealth mode" where you develop a product by keeping as low a profile about what you are doing as possible. The last thing you want to go is tell the World so everyone else can copy you. Cloudtag has been in stealth mode. They pop up now and again in reports, but the info is vague, on purpose.
I am just highlighting that they've been doing something and it's lead to the $275m coming their way.
Do a Keyword search in the links for "Cloudtag Inc"
2022 reports
All three links discuss the same report, but demonstrates multiple sites touting the same info
https://inkwoodresearch.com/reports/data-exchange-in-healthcare-market/
https://www.marketresearch.com/Inkwood-Research-v4104/Global-Data-Exchange-Healthcare-Forecast-32438880/
https://www.giiresearch.com/report/ink1139196-global-data-exchange-healthcare-market-forecast.html
https://finance.yahoo.com/news/global-data-exchange-healthcare-market-100800300.html
2021 reports
https://www.globenewswire.com/news-release/2021/03/01/2183971/0/en/The-global-data-exchange-in-healthcare-market-is-set-to-project-a-CAGR-of-23-66-during-the-forecast-period-2021-2028.html
Search engines can be tricky to use, its all about getting the right "search term", but you can keep going back in time to 2020, 2019, 2018 with reports mentioning Cloudtag Inc after they delisted.
16th May 2023
Further to the updates of 30th March and 4th May, the Company confirms that the distribution by appointed agents of the combined proceeds from both sales will commence after the announcement of its DaaP sale.
Distribution will be made directly into nominee accounts where applicable. Those holding share certificates will be contacted by the agents post announcement to provide their bank details. The agents will provide any necessary documentation.
The announcement for the Company’s DaaP sale will be made by the end of May 2023.
The Company remains under strict non-disclosure agreements
I don't understand all the waffle I've read so far. "The Company remains under strict non-disclosure agreements" means that there won't be any public information about the sale, so no need to search as you won't find anything. "The Company will publish all the information relating to the financial settlement process including necessary documentation by 16th May 2023" means that the information on the settlement could come any time between now and the 16th, not on necessarily on the 16th. The word "by" isn't the word "on".
My shares are still held by my trading account is 389k shares (originally I had 750k shares that I brought at 1.6p, but sold close to its peak when Cloudtag was listed)
I emailed Cloudtag on the 25th March, so getting this news is quite nice after all of these years.
100% of the $275m sale price is $0.278 per share (I know we won't get 100%). Fortunately I made net profit on Cloudtag before they delisted, but I still have several 100k shares in them.