RE: Sale of Assets16 Aug 2023 19:11
Wildavocet, my post was partly in jest, referring to a kind of ‘situation’ underway with a company called cloudtag, where the CEO claims some assets/IP has already been sold but won’t say who to or when any money will ever be paid out to shareholders.
to put that into context, cloudtag is a private unlisted company with only one director, and no nomad of course, listed in a jurisdiction noted for its relatively ‘relaxed’ attitude to corporate regulation and disclosures.
so one would really, really hope that situation could not arise with a company listed on london AIM, since at the very least a nomad should be advising on AIM regs & disclosure requirements regarding such price sensitive developments.
eau shareholders would presumably be hoping that there isn’t much similarity between ctag and eua. the possible points of connection include, (a) both companies seem to rely a lot on claims about NDAs to manage their newsflow, (b) the lse chatboards for both companies have at times seen exceptionally prolific ramping, with a suspicion that certain individuals have ramped both CTAG and EUA.