Member Info for Soyo70

"This timetable has slipped slightly at the behest of the Company (as explained below) and now, they affirm to establish contact with shareholders either directly or via their investment platforms during the following days ending 31st January 2024."

"during the following days ending 31st January 2024"? Where are the days/dates, did I miss something?

Then...

"The payment agent has given assurances to the company that it will be notifying all shareholders in a timely fashion next week."

...so not during the following days ending 31st January 2024 – next week is 22nd – 26th January 2024.

Getting mixed up Amit, which one of the above is it now? I'm certainly confused, is anyone else? Probably irrelevant as I doubt anyone will be paid anything. If this small portion is so protracted, what's the next portion going to be like... 2025 anybody!

...eventually, if no one is paid anything, fact! He won't be that clever in the end.

Hubbabubbas, I only have to read the below paragraph to see months of further delays!

'As disclosed on the 20th October 2023 and given the delays experienced during last year, much outside of the Company’s control, an enhanced payment for the DaaP sale has been negotiated. The Company is delighted to confirm that an agreement has now been reached in principle with the buyer to apply a rate of interest to the previously disclosed consideration for this period. We look forward to confirming the final terms once the licensing payment procedure is completed.'

1. 'reached in principle' (not final then).

2. 'confirming the final terms once the licensing payment procedure is completed' (see above sentence).

Hubbabubbas, when I last checked no shareholders had been contacted, no brokers have heard anything (contrary to a previous update), and no one has been paid anything yet. No delays though...

'the company is delighted to confirm that agreement has now been reached in principle with the buyer to apply a rate of interest to the previously disclosed consideration for this period. we look forward to confirming the final terms once the licensing payment procedure is completed...

it's just ******, isn't it? no one is getting paid anything. this will roll on for another god knows how many months, years, forever.

REMEMBER...

'The proceeds arising from these both sales will be distributed only on the announcement of DaaP sale from the buyer as they are interlinked.'

'The Company’ DaaP constitutes an important part in the “digital ecosystem” which the buyer has developed over the last few years. The buyer has requested additional time to reveal the complete product platform to the wider market.'

WHAT'S THE SITUATION WITH THE DaaP (RENEGOTIATED) SALE?

WILL SHAREHOLDERS BE PAID THIS WEEK AS PROMISED OR IS THERE ANOTHER MISSED DEADLINE?

A person or persons are responsible for the updates. The person or persons have consistently communicated factually incorrect and misleading information to shareholders. I say 'factually incorrect' as previous updates stating dates/deadlines the (person or persons) communicated via the Cloudtag website have thus far been factually incorrect – they did not occur. Whether Amit Ben Haim is typing the information or he is instructing as the Chief Executive Officer of Cloudtag or somebody else to do it, then he is responsible for misleading information.

Let's see what is factually incorrect week ending 19th January, again. Sorry, aims to be in a position to transfer funds in the week ending 19 January 2024!

Nothing has ever come to fruition – not one statement/date/fact.

Lie, after lie, after lie. What's the saying about trusting a snake!

"I emailed using the website. It took weeks for a reply and I was surprised to get any kind of answer."

Care to enlighten everyone on what was stated in this reply? Call me cynical, but I am dubious about this supposed response. I think there'll be more poorly worded excuses next week and then I think we're safe to assume this was just another disappointment in a long line of disappointments where this charade is concerned.

No one has heard anything about negotiations for an enhanced payment, have they?

Remember...

"The proceeds arising from these both sales will be distributed only on the announcement of DaaP sale from the buyer as they are interlinked...

DaaP sale announcement will be made by during week ending 7th July 2023. The Company is working diligently to consider an earlier announcement date."

"The proceeds from completion of license deal are in the escrow account."

"The proceeds arising from these both sales will be distributed only on the announcement of DaaP sale from the buyer as they are interlinked."

"DaaP sale announcement will be made by during week ending 7th July 2023. The Company is working diligently to consider an earlier announcement date."

2nd January 2024

NOTHING!

Week Ending 19th January 2024

TBC (I suspect I know it though now!)

On the 13th of December 2021, Cloudtag (Amit Ben Ham) announced that a ‘licensing deal has been completed with a major multinational technology business’ – details were to be announced in Q1 2022. In addition to this, the Company was also pleased to update shareholders that advanced commercial negotiations to release the value of its remote monitoring DaaP continue. It anticipated completing these negotiations in 2021, it will now do so by the end of Q1 2022 – it never happened – we are soon to be Q1 2024.

30th March 2022

The Company was delighted to confirm that all terms had been finalized and concluded with a major multinational technology business for its licensing deal. The financial settlement was due to follow during Q2 2022 – it never happened.

Since the above, we have received nineteen further updates, all restating/rehashing previous updates regarding the supposed sale and licensing deal. 3 years since he / the company stated a licensing deal had been completed, and yet no one (NO ONE) knows anything about it or has received funds as promised.

I think this latest update (I use the term loosely) is just yet another example of his blatant disregard for anyone. I firmly believe there is NO SALE or licensing deal as is merely a deluded tactic.

21st December 2023

'The Company assures shareholders that whilst the agent has requested more time to complete its work, all preparation for the distribution process is well underway.'

No one can verify the above statement, but going by past statements, I think it's safe to assume this is not true either, and it will become evident the week ending 19th January 2024 when there is another delay tactic stating why it did not occur, and thus, the deceitful charade will continue.

Well done Amit.

...and to rub everyone's noses in it even more...

'the Company is pleased to announce that it has confirmed with the agent that shareholders will be able to elect whether to receive funds in US$ or GBP.'

'The agent', 'the buyer'... and what happened to the following:

'The DaaP sale announcement will follow by the week ending 6th October 2023.'

Yes, you guessed it, f*ck all!

'Due to the complex nature of the various distribution process / platforms, and now facilitating a choice of currency at the request of some shareholders, the agent aims to be in a position to transfer funds in the week ending 19 January 2024.'

I don't recall seeing anywhere to request the choice of currency. It's a complete fantasy by a complete fantasist.

No one knows anything, because there's nothing to know. There are never any details other than oblique (no name) references to supposed sale / buyer/s.

Where's hubbabubbas, Helx2 & Co now?

I haven't, but I think a fair few might have with this sorry saga. To be fair, I am not the one who has to provide anything, ABH has communicated plenty and delivered nothing to date.

...and surely we know this is complete bullsh*t.

1. The appointed agent will commence the distribution process during the week commencing 13 November, NOTHING!

2. The company would also like to reiterate to shareholders that contact from agents/investment platforms shall commence week starting 18th December in accordance with the 4/5 weeks’ timeframe stated in previous updates, NOTHING AS YET.

He's had 5 weeks to date commencing the 13th of November. More lies and deceit.

Correct! 😂

Helx2, the below might quieten you down from me at least!

https://ibb.co/nDcb1fD

110,000 is what I hold. I have told you that many times, and it is irrelevant to me what you think. If this eventually happens, then I get something back for all this ongoing nonsense. Send or post your contact details and you can buy my shares if you are genuine, which I am. You called it, I am calling you out now. How can I owe anything if I am not short you idiot?

What about certified share certificates post-delist? Surely they'll put contact details on the website so you notify your holding and provide the certified number relating to your share certificate. How can they contact me otherwise, if they ever do?