Member Info for trev79

Could there be a glimmer of hope that this farce might be recoverable? Down 90% on my investment, have zero confidence in any words that come out of Mr Duncan's mouth after the farce of the last 3 years. Will not sell, it's not worth it. Complete mis-management. If they keep the loss reduction rate down, there is still a model for profit, but anybody really got any confidence that this will happen?

I can't believe I invested here, down 85 %. I believed what RD said, took him at face value, read the RNS's and the even listened to RD's radio interview. A big mistake. 85% down on my investment. The change in RD's communications approach is quite staggering, they were giving us every little snippet, now complete silence. Why? No point selling Funky, I agree with your sentiments. I just can't work out if the house thing was more cock up than anything as no owner of any business would want this outcome for the business, but totally agree there is no excuses for just disappearing for giving any updates at all on contract progress!

Completely burnt, around 88% down on my investment in this company, that 15 months ago according to RD were going to have millions of pounds of revenue coming in even if the contracts were only taken up by 10%! No news for what now, 7 months! All these contracts were meant to have been won, so either take up was extremely poor, i.e. 0.5% take up, they were cancelled or the company is making loads of revenue as we speak but for some bizarre reason has now decided to not update their shareholders on their success!! Fingers burnt, won't be investing anymore here ever again, but won't be selling a) because barely worth bothering and b) maybe just maybe the company are making a success of the new transactional model. Either way the lack of communication is a complete joke.

All these contracts that were won over a year ago, that were going to bring in millions of revenue even at only 10% take up, yet we get absolutely no information from RD on how they are doing! Instead the share price remains completely sunk due to the situation from last September that we had no explanation for. Why are we getting no information at all on contract uptake? Very poor.

I hope it keeps recovering, still sat on a big loss. There has been no communication from RD for several months, so lets hope that some of the projected revenues are now starting to come to fruition. If they are then this share could really take off. This was what I thought when I bought in, however unfortunately for me that was at around 30p and not 6p!

Funky we can only hope it recovers, but at this stage with an 80% loss or something like that it is hard to believe what has happened. I won't be going near a company like this again. It has not been at all professional what has gone on. I say again Ronald Duncan bring us some clarity as too the situation with your company. He hasn't even put anything out really about the new nomad, apart from announcing it, why on earth does he not provide some info on contract progress at this stage.

I love your optimism and hope you are right. However even if true it is astonishing that we have heard nothing from RD. It is no way to run a company. When you price crashed 2 years ago he issued an RNS saying he knew of no reason, why not this time? As I've said it's not worth selling now, as a LTH I can only hope what you are saying is true. It could be but I still have lost all confidence in RD, the communication is dreadful.

Come out and tell us what on earth is going on. I thought your company was one of great potential, how has it gone so badly wrong. The lack of information from the CEO over the last 6 weeks is quite staggering! Do you want people to be investing in your company or not? Funky I totally agree about the info we have been given but we obviously want Ron to come out fighting with an RNS or this is just going to continue. It's not worth selling now for me. It is either a massive cock up or something else is going on.

If there is a placing, what on earth would the price be? I've not heard these rumours and to be honest with what has gone on, I can't work out if it would be good or bad news now!

If that is the case then it would be logical to inform the market, especially in a situation like this. Buying into Cloudbuy has turned out to be an awful investment decision but quite frankly I am absolutely staggered how RD has managed to dilute shareholder value to such an extent. The arrangement to buy the house was crazy, but clearly done the basis that he saw continued progress with the SP. I think the market has lost confidence in RD's statements, but I simply can't understand why he bought shares last week at around 14p only to let it slip much much further by offering no reassurance.

Yep each contract win gave figures based on 10%, 30% and 60% take up, but RD never said what take up the business was expecting! What if take up has only been 1%. In any event why have they not provided any info on the % take up, on all the contract wins. More information is needed and fast.

Havent heard this podcast but surely even RD can't have got in a position where he needs to do a placing at 7p! I will hold but only because my investment is no longer worth selling. He needs to get far better at communicating on financial matters. He has great skills at selling, is clearly very bright on the tech side but seems to get carried away when it come to revenue projections to the point that if there was an RNS tomorrow saying just signed a contract for the potential of $50m over 5 years you would just have to take it with a pinch of salt. According to the RNS from last December Cloudbuy should be having over £10m of revenue per annum, RD needs to provide more info on how the contracts are doing. I am at a loss as too why he won't reassure investors, like he has in the past.

Why have you not clarified that you know of no reason why the share price has halved since the share suspension was lifted? Do you not wish to calm the market?

Absolutely spot on, Ron's communication is the issue. He needs to rebuild confidence quickly. I'm staying in but I'm not happy with the lack of clarity over the last few months. The RNS from last December of earning projections should now be starting to come through and all the contract wins should now be gaining revenue traction. The Australia situation is startling, we have had no communication about what is going on.

I guess most private investors have got out after the over 3 week share suspension. The way Ronald Duncan has communicated over the last few months is the reason for the share price today. Why does he not put out a statement to clarify the situation? He has done this before. I'm not sure what to do now, it still seems like a company with great prospects, but it has now been a disaster from an investment point of view. Ronald always seems to get carried away, and the RNS's to shareholders are always vague. However it must be true that surely some of the contract wins over the last 2 years are going to bring in at least 10% of the figures Ron's was originally mentioning and confidence will soon return. What I don't get is why is he not trying to reinstate confidence at the moment? If you take away the share suspension which was embarrassing how long it went on then, the half year revenues were actually up on the previous half, and there are signs of the business model and contract wins starting to bear fruit. Can't buy any more 70% down but haven't yet decided to get out as yet. Just thoroughly annoyed with the bad communication from RD.