RE: Imaginary shareholders11 Sep 2023 23:16
Your challenge to martin was for him to *sell you his shares*, not for him to enter into a spreadbet or CFD with you, but with no change in the legal ownership of the underlying asset (i.e. the registered share ownership).
martin cannot sell you the underlying asset, unless cloudtag (/amit) decides that it will register third party transfers after all.
so if you just want to challenge martin to enter into a CFD or spreadbet with you, then just say that ( — rather than muddle that up with buying his shares! - ) and then explain to martin how you and he can practically make a trustworthy, legally enforceable agreement to do that, given your respective, and deeply untrustworthy, anonymous multi-ID’d avatar statuses.
**
? meanwhile, why would cloudtag issue shares at 1p to raise £110K for “ongoing legal and administrative bills as well as address a technical issue”, when it supposedly has $275,000,000 coming in very, very soon, with each of those shares supposedly then being worth circa 22p / share?
… it would be very, very crazy to raise money in that way at this juncture, *IF* the deal is real.
compare; if a little oil explorer struck lucky and then sold a licence/well to a bigger fish for the equivalent of 22p per share arriving in just a few months time, they would *not* then do a placing at 1p / share to cover admin expenses etc. for those few months before the big money arrives in their account.
… if cloudtag needed say £110K, but with the $275million deal done, why not just get a bridging cash loan for a few weeks/months, e.g. from rich mr amit himself??
… or if amit really, really did want to raise £110K by selling 1p shares, then surely it would be way more sensible to sell them to himself, knowing that in a matter of weeks he could pocket a huge profit since each of those shares would get a 22p payout? — (? is amit really so altruistic that he would want to sell *other* people such amazingly discounted shares, with the quarter billion just about to arrive?)