RE: Update out31 Mar 2025 13:41
“Yes he’s made a few bob selling shares…”
i am unsure whether beretta is being disingenuous, innumerate or just plain naive, although i tend to suspect the first of those.
if we assume for the sake of discussion that there is at least *some* factual basis [LOL] to amit’s statements about how many shares have been issued, then he has issued almost 120 million new CTAG shares over the last 1.5 years, between 9/23 and the most recent update.
if one assumes that he managed to flog those to gullible and greedy punters for an average of 1p each (a figure that’s often popped up from several posters in various chats about his share sales) then that’s roughly £1.2 million pounds over one and a half years.
or, putting it another way, about $1,000,000 per year.
bear in mind that there are virtually zero costs involved for amit, since cloudtag has no meaningful plant, premises, staffing, inventory, storage, R&D, or indeed anything. all it takes amit to run the ctag game is a cheap and clunky godaddy website, plus a few minutes every month to send out some texts and emails to his fan club.
so on the figures above, he’d have been making about $1,000,000 a year as pure profit, for very little work.
one of the persistent stories floated in amit’s defence over the years by his little helpers has been the idea that he can’t be making much from selling extra shares, so why would he bother.
… but $1 million a year, not a trivial motivation, eh?…