Member Info for Spikeyj

Higherground,if the company had just been wound up years ago, then amit wouldn’t have been able to keep selling shares to pis.

according to the figures posted on its own website, cloudtag has issued hundreds of millions of new shares over the last few years.

some of those may simply have been awarded by amit to amit for free, and it is possible that some of them might have been given away to others as payments for certain kinds of services rendered, but it’s highly probable imv that many of those new shares were sold to pis.

so long as amit keeps the company open, he could keep trying to sell more shares. (meanwhile, cloudtag has no regulatory or legal obligation to disclose how many shares are in issue, what prices if any being paid, and who owns what.)

Shenners, if I had agreed a completion date with a house buyer, i wouldn’t care when the buyer wanted to tell their friends about their purchase. their choice, but not my issue.

? how much more time would one need to tell, chippy?

Notspart, what would have been the point of that anyway - why would either party in this kind of deal require payment by the buyer to be contingent on when the buyer wants to tell the wider world?

As others have noted, it’s odd just how badly written and poorly proof-read cloudtag updates seem to be. i’m sure in cloudtag’s case, these are just unfortunate glitches of no real significance (? perhaps because cloudtag’s BoD is so busy with other aspects of R&D and negotiations?)

but just coincidentally, it reminded me of the kind of ‘self-selection’ techniques used historically by other folks who (unlike honest uncle amit) are just out to scam, in order to focus their efforts on the most gullible / vulnerable by encouraging more discerning punters to lose interest early.

e.g.

https://zeltser.com/self-selecting-gullible-victims/

Supposedly it was totally binary before this update. this new delay makes it even more binary than total. so for the number theorists among us, it looks like cloudtag is now in the realm of imaginary numbers. how apt.

(if this really is the way that amit’s family are trying to salvage the family name and family honour, they’ve got a pretty strange way of going about it, imv.)

just for the sake of argument, let’s assume for a moment that cloudtag is a real company with genuinely valuable assets, where amit has astutely managed to secure excellent deals which have been carefully negotiated, agreed and with all processes completed over the last year (ish)… if that is true, then the reason given today for yet more delay makes no sense at all.

“The buyer has requested additional time to reveal the complete product platform to the wider market.” [note, as per AIM4’s post earlier today, this is amit blaming delay on others]

- so what? - what’s that got to do with cloudtag?? - if the supposed buyer wants to take their time to prepare a comprehensive and complex marketing campaign for their “complete product platform”, then cloudtag and its shareholders shouldn’t need to care at all - that ought to be the buyer’s choice/problem.

… just insist the buyer hands over all cash now to cloudtag as presumably previously agreed, promise the buyer that cloudtag doesn’t intend to say anything publicly about who has bought its IP/tech, and distribute the cash pronto to cloudtag holders … most CTAG shareholders presumably don’t give a d*** about the name of the buyer, or public announcements, & would be happy to get the money and let the buyer decide at their own leisure what & when they are going to do with what they’ve bought.

All the world’s a stage. and all the men and women merely players.

10 kinds of people. those who understand binary, & those who don’t.

“… it’s now totally binary tomorrow.”

… but then it’s going to be “even more binary if the outcome is not total and final.”

? how could it get even more binary than totally binary? [weird world, ctag-land.]

Let’s imagine for a moment that it’s all genuine. perhaps amit was indeed awaiting an imminent announcement *from a third party buyer*, but now they’ve indicated to him some kind of unfortunate last minute hiccup in their own process. in that kind of situation, one could imagine a very short delay while amit liaises with the buyer to work out what their glitch is, and what their revised timescale is going to be, with an update then coming *from cloudtag* about new timeline being made the next day.

(obviously, i don’t believe the above is actually very likely, for many reasons, but it’s a possible reason for such a short delay.)

Poor old pru .. corporate bad luck or bad judgement?

Amit appears to be enacting some version of zeno’s paradox.

some folk on here seem to have been expecting that cloudtag is waiting on another company (variously J&J, apple, tesla, MoD, goodknows who else) to make an announcement regarding the supposed DaaP sale. but this update today seems to suggest it’s more about cloudtag itself making an announcement on its own website, rather than waiting on some third party.

(tho’ as with all things cloudtag, there’s still some ambiguity: is “the company” meant to be the same as “the Company”, and it’s just sloppy proofreading to capitalise one but not the other, or is “the company” a third party and “the Company” means cloudtag itself?)

… tune in tomorrow for another exciting installment!

… a bit disappointing, rktech, i initially thought you were someone able to consider differing points of view without resorting to tirades of personal abuse. 08:04 shows otherwise.

i do not know for sure whether or not amit/cloudtag has been selling shares recently, but it seems plausible that they might have been doing that, given (a) cloudtag has issued hundreds of millions of new shares over the last few years, (b) various pis have said on this board and elsewhere that amit has offered to sell them more shares at several different points.

the legality / morally of any sales of extra/new shares would surely depend on what promises were made to individuals by amit or whoever else did the sales pitch? … amit’s never tried to sell me shares, so i don’t know what gets said.

the updates on cloudtag’s website continue to be vague about precisely what might be paid to whom, by who, in what form, by what mechanism, by what date. that lack of specificity, and the absence of other independently verifiable public domain sources re cloudtag, makes falsifiability problematic.

bear in mind also that this is a private, unlisted overseas company. so it simply is not legally obliged to obey the same kind of requirements [e.g regarding insider dealing or changes in BoD holdings, or regarding announcements about possible deals yet to come]] that are imposed on e.g. publicly traded companies listed on the london stock exchange.

Rktech, you’re the one making the assertion that “no one will have lost more

money…’ ? where’s your proof of that - or is that just you ‘hypothesising’ too?

(OK by me if you want to speculate, but better not to pretend guesses are facts.)

(… show us all some proof no-one has lost more money, lol)

As you know, no data on shares issued since nov 2022. hence, “depends…”

“No one will have lost more money…”

depends whether all these website updates contributed to any pis buying more shares off amit over the last year or so.

Phoenix: “Due to the nature of this business it being listed abroad…”

nope. cloudtag is an unlisted company. it is not listed anywhere.

For someone who claims they aren’t interested,

phoenix posts about me rather often. odd fellah.

? i’m curious, why do you guys keep going on about winnifrith

- what do you think he’s got to do with cloudtag these days?

Hi chimers, i was mm in OTC fx options, rather than stocks and shares. (and it was a long time ago!). primarily i was buying and selling volatility in things like $/DM, $/yen, £/DM, cable, etc etc., plus trying to make money trading the whip (hedge ratio of the total options book) effectively as currency rates moved around.

[not so common for a currency to ‘delist’, lol, although some pretty bad things can happen to a weak currency being pounded by major capital outflows and speculators]

i’m sure it has happened plenty of times over the decades, given the vast number of companies across the world listed on various exchanges. there is no reason at all in principle why a company might have to delist, but then make a really good go of it, and come roaring back into life, or get bought out by a larger competitor if it’s really good valuable tech / assets /IP etc.

but although i expect it has happened plenty of times, *as a percentage* of all the companies who get booted off bourses, i think it’s probably a very low percentage that do manage to bounce back and pay out nicely to the original shareholders. although i’m sure it does sometimes happen, it’s rather more common that it doesn’t, if you see what i mean.

(slightly different issue re shareholders who might have bought in to assist with the funding while unlisted, as sometimes they will have come on board in a much, much lower price, so the company wouldn’t have to bounce anything like as much for then to prosper. but bad news for the original holders, as they would have been diluted into a nugatory holding.)

i don’t know if riddler is still around on lse chatboards, he might know of a few.

Sure, i expect that’s happened a fair few times. ( tho’ no particular examples in mind).