Member Info for londondan

Yes, having bought at 15p, I'm feeling more than a little bit pleased about progress here! Enjoy the weekend all. Eagerly anticipating Monday's news.

Agreed Surfie. No way back for this now unfortunately. Seemingly reaching endgame.

Agree completely. I bought in from around 15p so am sitting pretty already, but I'm very happy to continue reinvesting dividends here. There is so much still to come from current and pipeline projects. The company seems drastically undervalued, even at these levels.

THX actually! More than makes up for the 90%+ loss here thankfully. I'm at the stage with this one where it really isn't worth selling.

At this stage it seems clear that this company is circling the drain. What a difference a year makes! I was bullish here almost exactly a year ago. For a small company to have Haleon on board for a U.S. launch seemed like a significant coup, which greatly increased our chances of success. Needless to say that hasn't materialised. Feels to me like it's probably in a death spiral at this point and I predict a total loss (or near enough) before long.

I've been enjoying the proceeds of a multibagger in recent weeks, with a significant stake still invested in that company, up over 300% and climbing. Having FUM in the portfolio alongside it is a helpful reminder that no one has the Midas touch on every investment!

"I'm scouring the Johnson & Johnson website and can't find any mention of the deal ANYWHERE. It's baffling. I'd have thought a Fortune 40 multinational would be champing at the bit to spend $275m on fictitious technology from a failed company based in a Caribbean tax haven. I just can't see why it's taking so long."

Took a trip down memory lane and the above comment was something I posted a full 2 years ago, when the J&J nonsense started doing the rounds. I'll allow myself a wry smile that he's finally been forced into admitting that the whole thing was made up. It seems even he isn't stupid enough to test the patience of a business with a $400bn market cap.

Of course it was made up. Cloudtag was supposed to be manufacturing a wearable health monitor, but failed to ever produce a working prototype before collapsing off of AIM. The idea that, with no other employees or revenue streams to speak of, it had somehow managed to produce not one but TWO software solutions that multinational corporations would want to acquire is genuinely the most ludicrous claim I've ever heard. Anyone who believed this for even a nanosecond should not be investing their own money. Give it to a fund manager or buy a tracker fund, before you get rinsed again.

Good luck to those involved in the legal endeavour. I hope your action results in those responsible getting their just desserts.

Always good to see yet another Bingowings1984 sockpuppet account popping up on here. What happened, did you go on another late night drunken rant and get banned again?

"The next update will be delivered by the DaaP buyer, who will issue a public announcement via the medtech section of their website."

Yeah this looks like the endgame. He's washing his hands of it and skipping off into the sunset. Sorry lads, your money's gone.

J&J won't be announcing anything today, because J&J has absolutely nothing to do with this non-existent product.

What was that good reason?

Yeah, your 100% loss in this share just screams good decision making.

@spikeyj 11:01 - Now that is funny. Obviously Bingowings1984 is dumber than a bag of hammers, but like the proverbial stopped clock, he's right about bitcoin. It's the ultimate example of the 'greater fool' theory in action.

I see yet another week has passed without anyone seeing any cash from the fictitious sale of these fictitious products. Ho hum, maybe next week eh? Have a good weekend all.

Presumably everyone has now received notifications from their respective paying agents?

There's no way this will all turn out to be total nonsense yet again, right? Right...?!

I find it genuinely extraordinary that people believe this company, which delisted years ago having failed to ever produce a working prototype of a wearable fitness tracker, has been bought by J&J.

Reading this bulletin board, it's not difficult to see how certain credulous, easily led people lose sackloads of their money on duff investments.

Just catching up on this. Fantastic set of results and progressing as hoped. Very pleased to be in here, with my holding up c. 90% already. Might have a look at adding a few more over the coming days.

There's zero chance of the CEO going. He's the classic narcissist and hasn't for a second contemplated that any of this is his fault.

Hang on, is RedRocket1984's position now that he actually did participate in the legal action after all, despite previously claiming that he hadn't?

It should go without saying at this point, but no one should believe a word that joker says about anything.

If you were part of it then you'd know the answer to your own questions, you dope.

"Speaking of which, when were these elected? Who authorised it? Did everyone who joined the legal action know about this and agree to it?"

I don't see why you'd think this was any of your business. You had the opportunity to participate, but were unfortunately unable to raise the capital required. £100 if memory serves.

Wow, what a mess. While this theoretically represents a buying opportunity, it's difficult to justify backing this management team with hard cash. Wouldn't be at all surprised to see a buyout on the cheap here.