RE: Just18 Mar 2023 16:06
phoenix deploys a trope that’s often used by cloudtag’s apologists/enablers;
- instead of talking about *cloudtag*, & what that business consists of
( if anything, lol!) what it is doing, and what *evidence* there is (if any) of
realistic prospects for that company and its shares going forward, phoenix
keeps referring back to an entirely different company, biosense, & events a
quarter of a century ago when amit made some money. but pis in cloudtag
have shares in cloudtag, *not*shares in the fortunes of the ben-haim bros.
phoenix seems to have remarkably little
to say about cloudtag itself. funny that.
phoenix11: “Clearly he sold share as he has been running a company.”
… very disingenuous. most companies try to make money by selling
some kind of product / IP/ service, rather than just by selling shares in
themselves. it’s understandable that a company which is developing
new technologies etc, may need to keep raising equity from investors
in funding rounds before their product is finally ready to start earning /
get sold on to others, but one would expect there to be some evidence
of what those new funds are needed for … ? where is there any evidence
whatsoever of cloudtag having any products / IP, bases, plant/equipment,
employees, etc? amit himself seems to have been saying for many months
that deals have already been struck to sell cloudtag stuff for hundreds of
millions of dollars … why would a company expecting such huge amounts
imminently be needing to keep on selling pis more shares? — if cloudtag
is mysteriously short of some chump change to keep the lights on / pay
some final legal expenses bill etc, then why not just use a small bridging
loan while waiting for those hundreds of millions of dollars to roll in?
it is an enormous bright red flag, when a company seems
to exist solely in order to keep selling shares in itself, imho.
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