The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
4th March 2024
Further to the announcement on 21st February 2024, the company is pleased to inform shareholders that the trust lawyers working to establish the trust fund have completed their work and the trust fund is now in place.
The company is therefore in a position to distribute licensing funds and has instructed the paying agent to commence the process and conclude the process accordingly during the next 7 working days.
DID NOT HAPPEN, WHY?
It's not rocket science is it Helx2? If not one person (or broker) has been contacted or paid, then one would assume all the previous communication has been false, surely you must understand that?
Seems to me you're the one getting tetchy about something!
All very oblique isn't it?
'The Company is processing all the enquiries received to date and is working alongside the paying agent who shall action all emails directly.'
Until they respond with said email and verified payments (preferably not Helx2 or pikeyk etc etc.), then I remain unconvinced. I still think it's bluffing with no specific details. Too many comms stating, reinstating and actually saying nothing of substance. What happened to all notifications being sent at once for instance?
The main thing here will be brokers, and until they can verify contact, then I think we have our answer.
I will say finally, if Cloudtag can validate payments and contact, then there won't be a problem, will there? The problem is, they can't and haven't because NO ONE, including brokers, has heard anything, had any communication or had a response.
I might add the website is irrelevant now if the updates about the 'paying agents' and payments are true, which I suspect they are not. After all, you only have to email: contact@cloudtag.com referencing 'FAO Corporate Share Action', which I have done, twice. Why would I email them if I had no shares?
I posted an image to my shareholding a while back, have you forgotten? Seems so!
12 updates and still no payment! If payment was coming, it would have been here now. Prove different, oh, you can't can you, because you know no payment is coming!
Anyhow, reported as fraud, which it is. Prove different!
...even more relevant, joined shortly after that (joke of a sale) was communicated by the (joke of a website) Cloudtag.com!
PikeyK joins 25th Nov 2022
Next day, 23rd November 2022
The Company is delighted to confirm that the combined value of its DaaP sale and licensing deal transactions is US$275million.
As of today’s date, there are 988,223,763 shares in issue.
The Cayman Islands is the preferred jurisdiction to deliver value for all shareholders and funds arising from the transactions will be paid in pound sterling.
The Company will update shareholders at the earliest opportunity and is appreciative of their ongoing patience.
It is imperative to take action against the Cloudtag website for their continuous and egregious behavior of providing misleading information to their shareholders. The false claims of a sale are causing significant distress to the affected individuals. We must come together and report this website to ensure that justice is served, and the hosting service takes down their website. Let us work towards holding them accountable for their actions.
Perhaps more than one person reports the Cloudtag website/pages for consistently uploading false and misleading information to shareholders for years claiming a sale which is false information causing distress to individuals. You never know, they might make the host remove the website.
https://www.ncsc.gov.uk/section/about-this-website/report-scam-website
It's not 'updates' that are required, it's payment from 'paying agents'! These updates have thus far proven to be worthless!
Amit has personally sent me a message apologising and he then transferred the funds immediately. He said sorry again and said that there are bouquet of flowers in the post for the missus, no hard feelings. Is that better?
Impatient? 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Funniest thing today. Helx2 isn't impatient, he's already been paid!
Who's recommending this?
@havegun... 'Could still be an update.'?
I think people want to be paid as assured, not more updates. He's not paying anyone, I think that's fairly evident now. Nothing more than a common crook, yes you, Amit Ben Haim.
'We have received enquiries regarding the paying agent. As previously advised, if certificate holders issued by the company have not had contact from the paying agent by close of business on 2nd April 2024 (EST) you are advised to email the company at contact@cloudtag.com FAO Corporate Share Action where we shall involve the paying agent directly to handle your notification process.'
Well, I sent my email to contact@cloudtag.com as requested. Just waiting on those 'paying agents' – over to you Amit for another one of those updates.. perhaps in Amit's world, the web of individuals involved in this charade is so small, that he sees no consequence in all the lies – why change a habit of a lifetime hey.
That's the question I ask, why? Completely illogical to say something is sold, lead people on for years, and ultimately not pay anyone because there is no sale, and there is no money, is there Amit?
Just confirms what the doubters were saying all along.
30th March 2023
The Company would like to advise that the funds for the licensing agreement have been successfully deposited in an escrow account. The proceeds of both transactions shall be distributed simultaneously upon announcement.
The Company understands that the announcement for its DaaP sale will be made by the 5th of May 2023.
The Company would like to reassure shareholders that all processes of both deals are completed.
NO ONE HAS RECEIVED A BEAN ONE YEAR LATER!
'The Company is delighted to announce that the paying agent will be issuing notifications to those shareholders who hold certificates issued by the company on Friday 29th March 2024.'
'Issuing notifications to those shareholders who hold certificates issued by the company' would suggest those who have bought shares directly post delist as a private company, i.e. directly from Amit or 'the company', so, I am doubtful, even as a certificate holder via Computershare that I will receive a notification, in fact, I will guarantee it.
Any shareholders who hold certificates 'issued by the company' who have not received notification by Tuesday 2nd April 2024 should email the company at contact@cloudtag.com FAO Corporate share action.
Does anyone think they will receive a response even if they email the above after Tuesday 2nd April?
My theory as a certificate shareholder is that they will somehow generate a notification – from where, who knows, and that's why I am suspicious.
Isn't it strange how everyone was going to be contacted at the same time, but that, along with a few other things has gone out of the window? I would be more convinced if brokers had been contacted. I remain sceptical as always, but see what occurs over the weekend.
'It has come to our attention that the notifications intended for shareholders have not been issued as planned, due to guidance received from the paying agent.'
What nonsense! So there is no interaction and updates between the 'paying agents' and Cloudtag and the money held in the (supposed) escrow account?