Member Info for Spikeyj

Cloudtag share certificates are not bearer bonds. legal ownership of cloudtag shares depends on who is *registered* as the owner by cloudtag, not who physically has hold of a particular piece of paper.

sure, you could in principle make a personal bet with martin in any way you like, with him pledging his share certificate to you, but if you end up with that piece of paper it still would not make you the legal owner of any cloudtag shares at all - as you know perfectly well.

& you and martin could in theory agree to enter into spread bet or CFD etc with each other, and to exchange money to settle your contract whoever wins or loses, but that still would not mean that martin had sold any of his shares to you. [… begging the ludicrous question of how on earth you as an anonymous multi-moniker’s LSE ID and martin as an anonymous multi-moniker’d LSE ID could possibly manage to put together a trustable & legally enforceable individual financial contract of that kind between you, lol!!]

i think you are just doing whatever you can to try to distract and deflect from the question;

** why has amit continued to issue an extra 11.7 million shares recently, including sales to pis [- according to pointz & trombone - ] when there is meant to be $275,000,000 cash arriving imminently? **

Times yesterday re VOF:

https://www.thetimes.co.uk/article/good-morning-vietnam-my-bet-on-this-fast-growing-economy-is-paying-off-qv783sq37

Lol, entering into a contract for difference with someone is *not* the same as them selling you their shares.

(meanwhile, regarding share registration, as a good analogy, if in the UK person A sells person B a house, but the UK land registry then refuses to register the change of ownership, B is well and truly stuffed when they come to sell on to anyone else, or try to use the property they think they’ve bought as security for a loan, etc etc.)

… smoke and mirrors, deflect and distract - same old story with CTAG since davidgreece, aberdeenman, brokerman, hairygrotbox, and all the other stooges over the years… anything other that address the utter lack of evidence that cloudtag has anything meaningful to sell, the umpteen times that amit has made promises which don’t materialise, and why amit has continued to flog another 11.7 million shares even though the company supposedly has more than a quarter of a billion dollars arriving pronto. (i wonder how you are being incentivised to promote these shares?)

ManFromDelMonti: “…sell me your shares.”

Cloudtag 28/7/22: “…the Company confirms that from 29th July 2022 it will no longer give approval for the secondary transfer of its shares between third parties in line with Article 43 of its Articles of Association.”

Answered that previously, shenners, more than once. if you’re that interested you can just scroll back.

i find it truly amazing that pis here aren’t more curious why amit has sold an additional 11.7 million shares recently, when he’s supposedly already successfully sold tech /IP for $275,000,000 cash arriving imminently.

(…. & whether or not i own /owned shares, or have a short, or am tom winnifrith, or spartacus, shergar, lord lucan, etc, etc, makes no difference whatsoever to that question.)

G** help me, i added (small!) … must have a death wish, eh?

Three days now since I asked why amit would have been selling ‘discounted’ shares in cloudtag to pis, given (1) that cloudtag itself [i.e. amit!] has confirmed an increase of 11.7 million shares issued since november 2022, and (2) on this chatboard both pointz and trombone posted that they know amit has been trying to flog extra shares to pis relatively recently.

the puzzle is, given that amit claims a deal has already been done quite some time ago now to sell tech/IP for more than a quarter of a billion dollars, and he also seems to be claiming that this $275,000,000 will be paid out very soon, then why on earth would cloudtag still be selling extra ‘cheap’ shares to pis just to raise a few thousand /tens of thousands $$$??

- since the deal is already done for the tech, there presumably aren’t further huge ongoing R&D costs. and given that the company is supposedly imminently about to receive $275,000,000 then it should surely be a pretty easy thing to arrange a short-term bridging loan for any remaining admin/legal/run costs, rather than sell discounted equity to pis?

(? and surely, amit as a rich man supposedly fully confident of receiving that $275,000,000 cash very shortly, could just defer his wages, or make a small loan to the company, or buy those ‘discounted’ shares himself?)

Patch13 said he thinks that amit *hasn’t* been selling shares to pis, and suggested instead that amit gave the shares to the ‘responsible agents’ as their cut for distributing the $275,000,000 to shareholders. (1) … paying them 11.7 million shares to do that would seem an extremely generous fee, if there really is a $275,000,000 deal? - (2) Patch appears to be saying that pointz and trombone are fibbing?

Shenners suggested that cloudtag has been selling those extra shares pis to pay ongoing run costs, but doesn’t offer any explanation why the company wouldn’t just use a small bridging load instead, and/or defer amit’s pay, or indeed why amit himself wouldn’t loan the money or buy the discounted shares, rather than flog ‘em to pis.

PikeyK suggested that cloudtag needed to sell those 11.7 million shares to pay for fixing the ‘technical’ issue that arose this summer. but that supposed technical issue was reportedly “minimal”, was fixed in less than a month, and of course wouldn’t account for any attempted pi share sales before july ‘23. … again, pikeyK offers no explanation why cloudtag would have wanted to sell 11.7 million discounted shares to pis to raise the money for the technical fix, rather that just take a small bridging loan, defer amit’s wages, or sell shares to amit himself at what ought to be a sure-fire guaranteed short-term profit for himself [ - if the deal is real].

nobody else has even tried to offer any suggestions why amit been selling cloudtag shares to pis in recent months, even though the deal is supposedly done and dusted with £275,000,000 about to arrive in very short or

In an ordinary language sense, “participating” is a pretty broad term that could reasonably mean all sorts of things, ranging from listening in to a group video call, working as a drinks waiter or door security, presenting a paper, being part of a discussion group, or just turning up and milling around as part of the conference general audience. amit hasn’t explained what kind of participation he has in mind, so it would be hard to demonstrate that he was telling a porkie unless he literally had nothing whatsoever to do with the conference. note also that that the cloudtag update just said that CEO would be participating, but it didn’t say that he would be doing so in any capacity whatsoever connected to cloudtag.

… yet another example imv of amit using deliberately very vague terms which allow hopeful pis to read in whatever they are hoping for.

“One of them at least shows reluctance to leave the table …”

? maybe they have good snacks and nibbles?

De nada!

(But i happily accept, it wasn’t particularly funny)

‘GOSH’ = standard acronym for great ormond street hospital.

Nah, just funning re hubba’s fanciful list of all those mega-corps he thinks have been salivating to buy from amit.

[PS, for the avoidance of doubt, mi’lud, when i said “gosh” at 11.16, i wasn’t meaning to suggest that great ormond street hospital were in the running … they couldn’t afford this stuff.]

shenners appears to be suggesting that the 11.7 million additional shares issued since november 2022 were sold in order to raise money for running costs. obviously we don’t know cloudtag’s running costs, since amit hasn’t disclosed them. - but they have no aim listing fees to pay, no nomad fees to pay, have no other directors to pay other than amit himself, and so far as one can see from any available public data, there’s no sign of them actually having any employees, offices/premises, equipment, etc.

also, *if* one were to believe the updates put out on the cloudtag website, then the ‘development work’ needed for cloudtag’s tech / ip must have been already pretty much done by late 2021/2022, since that’s when amit starts claiming that it’s all about to be licensed and sold (e,g updates of 13/12/21 & 29/6/22) — so it’s not like amit had to plough lots of additional money into new r&d over the last year.

… so it seems unlikely that the ongoing running costs for cloudtag would have been particularly high since november 2022 [- ? few cups of coffee and a packet of ***s while amit makes a few phone calls and taps out the odd update or two on a cheap website, say from a dial-up internet cafe somewhere in downtown lagos..?]

…so that still begs the question, why would amit have been selling millions of ‘discounted’ (i.e. relative to the 22p/share in that rainbow’s end pot!) shares since november ‘22? … if the company just needed a few thousand quid, or a few tens of thousands to pay run costs, but had already completed a deal about to bring in $275,000,000 imminently, then why not just get a short term loan, say from amit himself? ( … and presumably it would have been no hardship for amit himself, as cloudtag’s only bod member, and indeed only visible employee, to defer his own pay for a few months before the quarter of a billion dollars arrived in the post.)

meanwhile, pikeyk seems to be suggesting that the 11.7 million extra shares were sold to pay for work to resolve the unexpected ‘technical issue’. … obviously, that wouldn’t really explain any additional shares that had already been offered around before the ‘issue’ supposedly surfaced in july. and if amit’s own updates are to be believed, “the issue itself was minimal…” [19/7/23], and was resolved by early august.

….it seems unlikely that such a minimal technical issue, resolved so quickly, would have been very costly to deal with. given that amit claims that $275,000,000 is incoming imminently, again it would seem very odd to issue new and ‘discounted’ equity to fund a small very short term cash need, just before more than a quarter of a billion dollars comes in … ? why not just a short term loan instead (say from amit himself)?

Warren buffet, musk, nvidia, goldman sachs, gosh, could have been any of them really, must have been a super-hot bidding war eh?

{… ? what kind of “run costs” would a company have, that shows no evidence of having any employees, premises, plant, products, marketing, etc?]

I wasn’t really meaning just “yesterday” —- i am referring to the additional 11.7 million shares issued since november 2022.

? i am asking why amit would have been selling those shares to pis, if a deal had already been done and dusted, all details sorted, that was going to bring in $275,000,000 cash in the near future?

it seems that patch’s view is that those shares *weren’t* sold to pis at all, that they were issued to the ‘responsible agents’ as an advance payment for their skills in distributing that $275,000,000, (me, that seems rather exhorbitant, but hey, maybe amit’s a generous tipper!).

obviously, patch’s view doesn’t fit well with previous posts from pointz and trombone about amit trying to flog shares to pis.

i don’t understand your own answer yet …you appear to be arguing about the likely price that amit was asking for extra shares, rather than offering an opinion about why he would have been trying to sell those shares to pis in the first place. (…if you are right that those 11.7 million were sold for considerably more than 1p per share, then again, i’d ask, what was that money for, given than the IP/tech had supposedly already been developed, and the all terms of the deal had already been agreed and completed?)

That amit has been trying to seek extra shares to pis recently.

? so do you think that pointz and trombone were just making it up, trustworthymrnewposterdelmonti?