RE: I24 Aug 2023 10:08
Rktech, sadly, i donât think that you will ever get the kind of evidence or clarity you want to show whatâs been going on.
one of the key issues with cloudtag, as a private, unlisted company operating in a ârelaxedâ jurisdiction with a single BoD member, is that there are hardly any obligations on them at all to disclose anything meaningful about the company, including shares owned, sold, director deals, accounts etc etc.
itâs all totally obscure, and can remain that way pretty much forever. (⌠& even if amit did at some point provide an update about shares issued/ sold / cash position etc etc, to be blunt there isnât really a mechanism to check if heâs telling the truth...)
obviously, if everything amit has said is true and shareholders all receive loads of cash very soon, that will evidence the positive case. but itâs an asymmetric situation; i.e. if cloudtag is just smoke and mirrors, then you will probably never ever get a defining / conclusive moment that will suddenly reveal all the evidence about that. itâll just stay murky forever.
i do agree that most sane people wouldnât dream of putting any more money into cloudtag. but to judge from this chatboard alone, he does still *appear* to have a few folks who still claim that they genuinely believe he is highly likely to deliver them a cash terms multi-bagger within the next few weeks / months. if someone genuinely *does* believe that, then it would be entirely rational for them to put yet more money in. but if that is happening, thereâs no way you or anyone else could evidence that was happening, given zilch disclosure requirements. the most you might see would be someone claiming on social media to have done a top-up, but i rather suspect that amit would be swearing people to hush-hush secrecy ⌠and frankly some people might be too darn embarassed to admit they were buying more. ajmho.