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That's a fair assessment HITS with the added dimension that this whole saga reminds me of that now famous speech by Rumsfeldt about Known Knowns, Known Unknowns and Unknown Unknowns with the latter being the most probable on every level.

There is no denying that some of what Spikey says is true and also MT.

Every time the can is kicked the probability of this just being a continuation of the previous charade increases. I'm prepared to stay positive for now but if the promised licensing payout doesn't happen then we are all being played for fools. Does the thought of that not make you angry that something you probably wrote off years ago is being used to torment you for some unknown devious reason.

No payout and game over

I was always sceptical about the shorters argument and I still am but Spikey's persistence in pursuing a pointless ( for him ) cause makes me wonder.

If there's no payout then it's over.......which part of that don't you understand Spikey ?

A payout has been promised now so forget announcements from third parties. If we don't get the payout and there's another can kick then that's it.

Hope for the best and expect the worst. GLA

Updip/downdip..........that old chestnut again.

Equity funding.......We all know it's a hand to mouth existence in the AIM casino.

As I said.....a technical point made, but tell us all about PANR and it's debt death spiral for a change.

Well done Scot......you managed to score a technical point there against phrontist.......not that we care.

And thanks again for telling us all what we knew already about kuparuk.

Don't bother mentioning we are debt free unlike PANR but why let the truth get in the way of a good story. I guess we're all doomed to reading your boring missives now for the duration.

I was only referring to Spikey Dagenham as it's a way of life with him.

I would never have visited this board again but I saw news of this " sale" on other boards. Even then it was only when Amit gave notice of a payment that I took a closer look. Still makes no sense to say there's a payout without there being something in it. What is the something though?

I've never given Amit money, I just bought some shares seven years or whatever ago with the intention of trading them and got stuck still holding them when the music stopped. I imagine that applies to the majority here. That's why I say we are no worse off. I was annoyed when the can kicking rolled on as he was just wasting our time again and now we've been told there is going to be a payout within a month or so. Any more can kicking and this board will be for the true believers only.

In principle incorporating an ECG into a fitness tracker was a great idea but using it to measure heartrate was just plain stupid on a number of levels. Measuring the PD with electrodes spaced millimetres apart and with an obvious intermittent connection was also just plain ridiculous. It would have been easy to badge engineer a tracker and incorporate an ECG and also an interface to a diabetic sensor patch with a link to a smartphone. The onitor was just plain amateur junk and that was obvious but the ECG idea was good, Unfortunately that ship has long sailed now.

Similarly the idea of big data and data as an application with the data on a blockchain which is a secure and immutable ledger with a capability for decentralisation was and still is a good idea. You have to wonder if Shlomo didn't feed Amit the ideas ? shame he's not on board with this as the confidence level would increase markedly.

Another mystery in the Bizarre CTAG saga is why someone spends all day, every day, spamming a BB on a share he has no financial interest in.

Spikey's still convinced Amit's selling shares on the strength of a sale which he provides no evidence of. What would be more interesting to know is what the sales story is. What is he selling ??........software, hardware, rights to IP, a patent........etc. People who were offered shares ( years ago) and spoke/communicated directly with him must have been given some sales patter........what was it ????,,,,,,,,,There must be people who could say and that includes MT, so what was he selling......surely people must have questioned him.

If there was a partial payout then it would have to be to certificated holders only. You couldn't partially payout to nominee accounts who are the largest and easiest to payout. In short that kind of ruse would immediately be spotted as a red flag so I don't think it's a runner.

Only "news" is in the thread title and it's still down.

You said you were a broker at one time Spikey so what's your take on the borrowed shares ( not SB) open short position ?

So having paid some nominal margin call any shorts not covered by delivering certificated shares could then be responsible for any future value they may have. Which could theoretically be a major problem for said shorter.

That's interesting Phoenix. So anyone shorting with borrowed shares would have got a 100% margin call unless they could deliver certificated shares which accounts for the grey market that Amit closed down by coming off crest.

So open shorts who could not deliver shares would have already have had to pay up to cover the position.

I'm no expert but if you had an open short with borrowed shares and not a spreadbet I couldn;t say what happened. Although an open short or long position pays a daily charge so how would that work.......Anyone know ?

All the SB companies closed all the open leveraged positions within a week or so of the delist. Don't know if that was at zero or the last traded price.

Website is back up again but nothing new.

Final update said all future updates would be published on it.

MT2023: Since you contact Amit directly , why not ask him what's happening ?

I think the Cameroon authorities who have been remarkably good about the license so far have specified a proviso that JA has the finance to complete the drill before they grant an extension. So far the only takers have been insolvent chancers and some vague heads of terms agreement with an African bank which means nothing. I only have a very small investment left here in case this project materialised but I'd need a ten bagger from here to break even.

So time goes on, the fixed costs go on, the beat goes on and we await the next cash raise. Even munchie doesn't bother posting his ramps any more.

This is probably the last roll of the dice for JA with TRP and he has shown he is no dealmaker.

Thanks for telling me what I already knew Scot. That's why I've recently bought more 88E.

Hope all goes well for PANR....maybe you should concentrate on the synergies between the two company's and give up on trying to be a tipster. PANR holders won't be thanking you for encouraging them to buy at 130p

I think you have to realise HITS that a conclusion to this is the holy grail of the CTAG saga.

The cosmological analogy of the the eventual heat death of the universe is most probably what the reality is.

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.