Member Info for Spikeyj

Hi seamus, sure, i misread globo — not enough to hurt, but enough to be mildly irritated when i lost some money there!

in hindsight, i didn’t really understand well enough what the (claimed) nature of globo’s business was, and that in turn contributed to me not sufficiently realising that it was all a bit too good to be true.

… one of the good reasons for watching frauds, spoofs, ramps and/or bubbles is that it can help one learn how to avoid such investment pitfalls in future, as well as sometimes being just downright interesting /entertaining in its own right.

i didn’t know that russia was going to invade ukraine, but I definitely did know that russia was a much, much riskier jurisdiction, for all sorts of reasons, for a junior mining investment compared with locations such as canada or australia — some on this board were denying that which was just plain stupid / very naive.

Sbrace06: “What’s the point in [slating] people for what was said a couple of years ago or more? We were all saying similar back then.”

nope. some of us were saying that we thought this was a dreadful company with poor quality assets and a share price that had been puffed up way over any credible underlying value, operating in a place with considerable jurisdiction risk.

Orwell - UK = airstrip one.

… this is a truly dreadful chatboard, hardly any focus on EUA itself.

shame really, as the discussions regarding del’s questions for the BoD showed that it’s possible to have relevant, company / share focused chat if people choose. most of the time on this board though it’s just utterly irrelevant childish squabbling, which i think is the aim of some disruptive posters who want to prevent genuine discussion of the company and its prospects (or lack thereof).

There are umpteen companies that do pay dividends that also issue debt as part of an efficient capital structure for the company’s overall financing.

but that’s a different matter from a company borrowing money *in order to* pay a dividend (i.e. that it couldn’t otherwise afford to pay from retained earnings & profit.)

[soz, slight misquote of hubba, he said, “trying & hoping”, not just “trying”. sadly hope is not usually an effective investment strategy.]

Hubba: “… we are trying to protect our investment …”

i wonder what hubba is doing that he believes ‘protects’ his investment? - i am assuming that even hubba is not stupid enough to think that posting **** on an lse chat board makes any difference to whether cloudtag actually has anything of value to sell.

… see you all in “a few weeks” for the next episode.

Unsurprisingly, phoenix is misunderstanding (- or is pretending to misunderstand -) the point i made about legal action in my post yesterday at 20:33.

i was not urging shareholders to take legal action against amit. entirely up to them whether they do or not.

rather, i was stating my opinion that amit himself probably is *not* afraid that holders will take any legal action against him, and so i do *not* think that the prospect of litigation would deter amit from on spinning this game out, just so long as there are some pis still prepared to believe in him who might pay up for even more new shares…

…there are still a fair few posters on this site who appear at least superficially to still have confidence in amit /cloudtag, so there may still be chances for amit to sell even more shares to make himself extra cash.

(difficult of course to know how many real people are behind the various pro-amit IDs on this site such as hubba, pikeyK, denzal, Jjjerseygirl, phoenix11, whe4to, adsdc1801, etc, as some may just be sock puppet accounts.)

personally, i think shareholders probably missed the boat on their best chances for successful litigation several years ago, around the time of that ‘miscommunication’ with novum and the nomad quitting leading to delisting.

Whe4to, personally i’m not fussed whether or not there is litigation against amit, civil or criminal. i have never had any money at stake re CTAG.

but i think amit’s cost many pis a lot of money, and that’s involved a lot of promises which just haven’t come true. i continue to be surprised how supine shareholders have been about the wipeout of their money by amit.

Toffers, re your 23:23, i think you are (once again) rather confused, and appear to be addressing to me by mistake.

i haven’t posted anything whatsoever regarding a “get out bit” from you, and i have no idea who you are actually trying to respond to.

Take a look at cloudtag’s website and from their declared numbers see how many shares have been added to the total in issue over the last few years.

then subtract the number of shares that have been stated are the increase in amit’s own holding.

then multiply the number with the average price that you think amit may have been able to get from pis over last few years (e.g. 1p, for the sake of argument?)

that would tell you how much money he may have made from flogging those new shares.

I thought hairygrotbox was amit.

Edwards, tbh i don’t think anything written on the cloudtag website should be taken seriously.

but even if one takes the update at face value, amit is *not* saying that the DaaP ‘announcement’ is going to happen in a few weeks — only that “The Company will update on these matters within a few weeks…”

the Daap ‘announcement’ is then supposedly going to happen ** “thereafter” **, with timescale utterly unspecified.

and of course it remains totally unclear when, how, etc, holders would actually end up receiving any money from those unnamed ‘agents’ of the company even after the ‘announcement’ is over and done.

the whole think is complete nonsense. it is absolutely staggering some people are still prepared to given amit the time of day (but that’s also why his game works).

It’s really not that complicated imv.

i don’t think amit is mentally unwell, or has a personality disorder, or any of the other things being suggested by other posters.

my guess, i think he knows perfectly well what he’s doing, and he’s been doing it because he has been making money from it and he hopes that might continue at least a little while longer.

i doubt that cloudtag has *ever* had any product, IP or service that has any significant genuine value. there’s never been any independent confirmation that they have anything meaningful.

however, claiming that the company is about to IPO on an exchange somewhere, or that it has, or is going to, sell licences, IP, etc, has helped to encourage pis to buy new shares from amit.

his ongoing costs must be very low, since there he doesn’t seem to have any employees, co-directors, auditors, equipment, plant or premises, and that website can only be costing him $10 dollars a month or so to maintain. - so any shares he can sell to pis are pretty much pure profit from a tiny outlay.

he probably doesn’t think the chances of legal action by pis are anything other than minuscule — no-one seems to have done anything to hold him to account for the last few years anyway, s so why expect anything different next year or two.

i think some LTHs here just don’t want to see the nose that’s in plain sight right in front of their face. it really isn’t that complicated, imv.

… just so long as peeps like hubba still believe, amit still has chances to sell more shares. & there is no advantage for him to bring this to a close as long as he can still do that. it costs him almost nothing to put out these brief cheesy updates on that $5 website.

LOL.

Toffers 13:16: “I’ve never come across a company buying another company that has ongoing litigation..”

toffers must have led a rather sheltered life.

If you show your share cert to the court usher hopefully they will give you a good seat in the gallery for the impending criminal trial. should be a hoot seeing ‘em in the dock.

(my impression is that for many LTHs on this board, their faith that EUA has great assets tends to be a much harder belief to question than the issue of the BoD’s competence and comms; presumably because the latter could in principle be challenged / changed, but the assets simply are whatever they are.)

Also about harsher interest rate climate - worries world is facing higher rates for longer — projected value of the future earnings stream from AZN is lower there is a higher discount rate. so part of the drop from those middling results re lung cancer meds recently, but some re wider market too.

beechknot, another way of looking at all this? —> ‘When price rises some time they go back down’, lol.