Member Info for Spikeyj

(Meanwhile, one wonders also, if amit was genuinely highly confident that he was indeed imminently about to close a $275,000,000 payout for cloudtag by selling tech/IP that cloudtag had already developed, then why would on earth would he want to keep on selling shares to pis, presumably at significant discount to the 22p/share that’s being dangled? - hardly dragon’s den arithmetic, eh!)

Hi Rktech, to be clear, just like everyone else who’s not an insider, i don’t know for a fact what it happening. so i have never said with certainty that amit *definitely* is using this to sell shares to the feeble-minded —- rather, that seems the most *plausible* scenario to me ( - and it still does - ) given the available data (including the obvious lack of independently verifiable evidence to back up amit’s claims too).

if I’m wrong, and amit can distribute 22p a share to lots of folk, they’ll be very happy, i’ll be wrong, and it will have been an interesting story to follow anyway. but this still just seems more of the same old game to me.

i’d politely suggest, though, that you may be underestimating how much this game could be worth, if it is indeed about selling shares to pis. i agree that it’s *possible* some or all of the declared increase in shares between nov 2022 and sept 2022 could be about payment for services etc … but i hope you’d accept (a) it does show that extra shares *have* been issued, relatively recently, and (b) it’s perfectly possible that some or all of those shares were sold to pis, which would also be consistent with the posts from Trombone and Pointz.

…. so *if* amit has been able to sell 11 million shares to pis over the last half year-ish, it’s worth thinking how much he might have got from that.

if he only got 1p per share, as per prices some reported back from 2018, that’s still £110, 000 in his pocket, with pretty much zero expenses if i’m right that cloudtag actually does very little real. £110,000 profit would not be a trivial sum for a few minutes work a week over 9-10 months anyway. beats waiting on table at whetherspoons!

but just think on this … *if* amit has succeeded in selling shares during 2023 to pis, then that would suggest that those pis genuinely believed there was a significant chance that he was going to pay out in the region of 22p a share within a few weeks to a few months….

…. and if you can put yourself into the mindset of a pi who *is* genuinely prepared to believe (!!) that these shares are likely to pay out more than 20p a share within a matter of months, then how much do you imagine that a pi like that would be prepared to pay for that likelihood / serious probability of that big payout before the end of the year? — answer = probably quite a bit more than 1p per share, *if* you were a pi prepared to believe in amit’s spin. [not for a moment suggesting that’s a decision you would make yourself, Rktech, i think you’re a bit more wary at this stage]

… so if, for example, he has been able to use that lure of 20p+ payout within months to persuade some folks to pay 3p, 4p, 5p for some blocks of shares, then it would not difficult for him to clear £500,000 just from this recent series of updates.

—— ? would you still think that was a trivial, unmotivating amount for someone like amit?

I agree it’s a negligible recent dilution *if* cloudtag genuinely has sold seriously valuable tech/IP for a big payout … shareholders won’t mind that level of dilution much in that scenario.

the question is more what it might imply by way of possible motivation for all the updates etc if there *isn’t* a big payout from a tech sale; i.e. small dilution overall, but in terms of the potential return to amit himself, if he’s just been selling those to pis, then >£110K for 8 months if sold at 1p, >£220K over 8 months if sold at 2p, etc. … not too shabby (although probably not enough to persuade a supermodel to get out of bed as linda evangelista used to say).

? maybe he’s got one of those stands at the conference where people display empty product boxes? - i’ve heard those can be quite popular in certain circles.

Sure, he could have issued them to himself as a ‘payment’; or he could just have issued them to himself just for free because he can and there would be nothing to stop him, i.e. no disclosure requirements, no nomad, no other directors, no renumeration committee; or he could have issued them to someone else as payment for services [what kind?] rendered, and/or he could have sold them to pis etc. (cloudtag, of course, has not explained which / the mix, plus ca change.)

…. so if (!) one were to believe in the numbers of shares issued as posted by amit on the cloudtag website …

… there were 988, 223, 763 shares at 23/11/22…

… and now there are 999, 895, 500 shares extant…

… that’s a difference of 11,671,737 shares…

… so if for instance those had been sold for 1p each, just for the sake of discussion, that would mean an extra £116, 717 raked in.

? i wonder how that sits with those who’ve been arguing for ages that amit definitely hasn’t been selling any more shares since IPO etc?

LOL!

Trombone, there is no upper limit of one billion shares. this share is not listed on AIM, so the original AIM listing provisions & limits do not apply to this private.

amit can issue as many as he wants with no upper limit, and there’s no requirement on him to disclose the number either.

Seamus, it’s not that i “can’t” answer you.

it’s simply that i *don’t wish to*. that’s because imv you don’t seem to have a genuine interest in honest two-way conversation with others who have different ideas / opinions from you about EUA. you ask questions, but i’ve seen precious little evidence that you pay attention to the answers you get, and there’s little sense that you ask questions out of a genuine curiosity.

you appear to be just intent on trolling for the sake of it. it’s just not that interesting from my perspective to engage with people like you. (that’s what i meant about agreeing with rickstars about you.)

15:33, see my 12:35.

Good questions, del, but it doesn’t look like many people want to engage with discussion about EUA itself. ah well, at least you tried. nice to see you back, hope you and yours are well.

Pointz, out of interest, what did you hear about the price he is supposedly trying to sell those shares for?

“Amit told me directly”

lol, and if amit did tell someone something like that, how would that constitute independently verifiable evidence, rather than just, ‘because amit said so’?

… that guy’s said a lot of stuff over the years.

Helx2, where is there any independently verifiable *evidence* that cloudtag have anything even vaguely like “an approved medical tracking suite”, as you claim at 13:46?

Seamus, blimey, you are dim.

Seamus 12:13 “I’m genuinely interested in the reason why you do”

*that’s* the bit i don’t believe, seamus.

(but i certainly *do* believe that you are interested in whether EUA succeeds or not, since you are invested, under water, and have bought more despite already being at a loss.)

Https://www.justgiving.com/ECH

This is the justgiving site. no record currently showing of a £200 donation from “Iknownuffin”.

“… accuse me of not being interested in EUA succeeding.”

lol, that is not even remotely what i said. i suggest you try to read more carefully.

bye seamus.

12:13, sorry seamus, but having seen your posts over time, i don’t actually believe that you are “genuinely interested”. (rickstars on the money with his view of you, i think.)

Seamus, what makes you think IKN paid up?

… no evidence on the justgiving site for the hospice that he did so.

me, i assume IKN has simply welched, and fibbed about paying the bet with zero evidence that’s happened.)

Seamus, perfectly fine by me for you to have a different view about EUA’s prospects. me, i think they’re dismal, but of course that’s just my personal opinion, and neither you nor i have crystal ball to know the future for sure. EUA said this is a “critical year” for them, and that’s one of the few things they’ve said that i think is well-founded.