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Kablamoh: I remember RRL but I thought Parsons was a better example of someone who made hundreds of millions and just moved to another ready made lifestyle company when it failed whereas Amit was never in that league but it seems odd that he would just be grubbing around for what would be nickels and dimes, when he could have floated another company and made a lot more. Just my take but of course it may just be as simple as Spikey thinks.
Spikey......I know that's your theory but as you say yourself.......there's no evidence. The folk on here have been locked in for years and are/were hoping they might just get some return.
What makes this unique is that Amit has kept the company going if only in name when it is usual for failed AIM CEO's to exit ASAP.
I can think of one AIM company in the E&P sector that told blatant lies and got the Mcap up to over a billion before it all crashed. I was invested before the rampathon started and got out with a good profit but there were people who were ruined. I'm talking about SOU ( sound energy). The CEO then resigned and went over to head up another worthless shell lifestyle company aka AST and took his mates ( including Malcy) with him. Now you couldn't have made that one up but he got away with it. Think about that one........a 99% loss for some and an Mcap from a billion to 10 million and the FCA didn't care.
At least that shows he's responding to those who contact him directly. I know there was a time just a few years ago when he blanked everyone.
If this doesn't resolve one way or the other by Friday then I think there will still be a few who will be discussing/arguing over this in a years time. I also think that the chances of any success with a legal claim has a zero probability. This is an unregulated private company in a foreign jurisdiction and well known tax haven and I imagine he can say whatever he likes with impunity. He's a lawyer and he would have covered all the bases.
Going back to the thread title if it is not genuine then the motive is a mystery and I repeat that no one is any worse off now since last November's statement.
The SAG was advised to go after the nomad in terms of legal action as they were to blame for allowing misleading RNS's and also they were known to be solvent. Tim and the committee were still of the opinion that there was value in the Onitor tech despite strong evidence to the contrary and it is accepted by everyone now that it was severely flawed.
The prospect of a fitness tracker with an ECG was a great idea and although it should have been incorporated as a separate operational mode with heart rate using the more usual IR techniques would have been the way to go, in many ways I think Amit was let down by his technical advisors and I think Alan Moss who was the tech director. Also the exclusive use of contractors in the design and implementation which led to the leaking of details to the odious winnifroth etc. That is all ancient history now and we are considering Data as an application which is also a great idea and I was hopeful that Amit may have secured a patent or legal hold on some valuable IP.
I don't think legal action is a starter here and since everyone had written this off years ago no one has lost more money. If a class action is being planned then best of luck with that one as I'm sure Amit has covered all the bases or this would not be happening..
I don't care either way now and hope this can be brought to a conclusion and everyone can just move on again as it's just tedious and pointless arguing over something none of us has any control over.
You're right then Dagenham........1882 was always using " irony" or " ironic". I thought he might have been monty888 but who cares........keep 'em coming monti.......the last time I saw an intellect like yours it was growing in a pot !!
That's because I have a financial interest here which you, by you're own admission, do not.
If I didn't then there is no way I would be posting on a delisted company. I don't care who has allegedly bought it, I just want to know if we are going to get something back and if not then why has this been resurrected when most of us had written it off years ago.
It's not a question of being prickly as you put it but it is glaringly apparent that you take great delight in trying to quash the hopes of the many however unlikely and I don't want to be associated with that sentiment.
Why not just address your comments to everyone Spikey ?
I just see it as an another indication that this is the end game which I sincerely hope it is.
Certainly a big event with all the movers and shakers there.
Something that hasn't been mentioned is that he has now closed the share register or "the book" as termed, thus drawing a line in the sand. Whatever happens I hope this means a once and for all conclusion to this.
In all fairness spikey you make a valid argument.
There was no way I was putting anything into the pre IPO but I thought I might get something back when it relisted........which it didn't. I cannot however believe given the IPO that never happened and everything else that has been lied about, that anyone would part with real money on the strength of a few paragraphs on a cheap DIY website.
If I got my original outlay back I would be happy.
I agree dbwarrior........about why keep telling lies although spikey maintains it's for selling shares to the feeble minded. There are better ways to make a few quid and that's all it would be.
As for the why use "participating".....that's simple as it is ambiguous. Could have bought a ticket and no need to even turn up. Presenting and it would mean something.
Hubba you've got that completely wrong mate. I've always been sceptical that the reason for this was to sell more shares after last November's " update". There was share selling before that's a given but not after as far as I'm aware.
In any case an extra 11 million is just 1.1% of the enlarged equity so negligible in the scheme of dilutions.
Trying to be even handed here
1) He could have issued them to himself as a payment
2) Participating could mean he has a ticket for the event or presenting at the event with the latter being impressive and former meaning nothing.
The event is 11-14 September so next Monday to Thursday.
This Cloudtag journey can only be described as Bizarre.
i wouldn't dismiss it completely hubba......there are people on both sides of this who post things just to mislead eg 1982! if it turns out to be true then that will spread. why not post the text anyway point z .
i've given up on getting anything back now but i'd still like to know the reason for this. if it's a 419 then anyone buying must be ******ed and amit must be desperate for a few quid which is why i don't take the share selling thing too seriously but it has to be considered. spikey will be overjoyed that his theory was correct. helx agreed to give this until the end of the year but i think we'll get some kind of answer before that now.
Well as HITS said yesterday it is difficult to imagine anyone mind numbingly stupid enough to buy more shares and if Amit has done this to raise more cash for himself it would be extremely sad and pathetic.
I haven't seen any evidence other than your statement point z and so is there any chance of you providing anything to back it up as it would really wrap it up as you're thread title suggests. .......and this whole thing needs a conclusion any which way.
Look on the bright side folks.......1982 has crawled away from here and also SOLG.......although he may well re-invent himself and return again with more false news.
That last statement was an open ended kick into the long grass. It was worth giving him a chance to deliver but it was just the same old.
Six months more and most will have moved on again. Would be interesting to know the sales pitch he put to those in contact with him as that probably would give some insight into why this whole charade kicked off in the first place.