Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
“significant shareholdings”
They’re on the Cloudtag website
My understanding Spike, St Vincent Articles of Association (which the company is registered according to the website) aren’t too different from a public company still trading on UK’s AIM market.
St Vincent - Article 43 - refers to- The Directors may in their absolute discretion refuse to register or transfer any shares … in line with said article 43
You never fail to try and antagonise also mislead. It’s perhaps worth remembering shareholders rely on Amit being transparent - via the website, it’s his duty as CEO. From my observation updates have relayed the company’s status quo.
“also, although the company has previously announced it would not register share transactions between third parties, so far as i am aware there would be nothing to prevent the company from changing or suspending that policy, and so far as i am aware there be no obligation to report any such change to shareholders.”
I disagree, shareholders should be notified of any changes which were made in past updates. For transparency
“So over $275M has been spent and yet to date there is not one single peep of acknowledgment, not one single listing anywhere, not one mention that these 2 clients had then purchased 0.25 of a Billion $’s worth of commodities ?”
Which may then suggest said buyers aren’t ready to make an announcement to the market for whatever reason?
Then Amit should make this clear to shareholders instead of re-hashed updates, also said anomalies with the capital share book, which one could read as collectively being delaying tack-ticks?
Spike
I couldn’t be bothered to reply late last night, though here you go now..
“re whispering’s 18:40, even if the ‘book’ is indeed closed, and cloudtag is being scrupulously careful not to sell new shares over and above that supposed issue ceiling, whispering seems to be ignoring the possibility that amit might still make plenty of money from selling shares to pis from his own existing stake, even if no new shares get printed by the company itself.”
‘28th July 2022
Further, the Company confirms that from July 29th 2022 it will no longer give approval for the secondary transfer of its shares between third parties in line with Article 43 of its Articles of Association’
Going by the website Amit/the CEO is still a majority shareholder.
“(credit though where credit is due : you ain’t a regular on the amusing late night burgundy whine o’clock sessions)”
Unlike you to give it a miss Dougie, perhaps Prof Shlomo Ben Haim has delivered some a sobering message… is certainly my interpretation
** rattling your cage
Nonsensical Spike…
Clearly I keep ratios cage
Hi Jayne
Thank you for your post trying to seek some kind of validation re ctag with HL. Many here will demonstrate their confirmation bias, either by trying to validate their reasoning by searching social media… or recommending ones post… When in actual fact the buck lies solely with Amit.
Disconcerting is that he confirms via the website anomalies with the capital share book from 2018, early 2019.
He really needs to get his act together and give shareholders the conclusion to which he dictates.
Thanks again Jayne for your efforts :)
Canaries
@16.42
Well … that sure is some hypothesis
I agree, seemingly there’s plenty of folk with an axe to grind
7th Sept 23, the book was closed, c100,000 remaining shares, there’s no law against selling available shares as far as I know? Should there be a willing buyer, risk v reward…
Subsequent to the 7th Sept 23. You’d think having made millions he’d have slunk off by now and just not bother updating the website… with alleged fabrications ?
Canaries
“I just can't believe anyone is still positive about any of this.”
It’s not about positivity or negativity, for me it’s about applying reasoned logic … so if you (or anyone) can give me a reasonable explanation of what Amits’ motive is to lie about the $50m licensing deal, plus $225m DaaP pending sale - I’ll take it on board.
Currently no one’s offering, other than suggestions of a potential mental health issue. Which simply doesn’t wash with me.
He reads here, he knows reports have been made to the SFO, also action fraud, yet updates keep coming.
‘What hasn't clear for some time is what happened to the £225m (of $275m minus $50m) sale of the DaaP product? Is this dead, is it ongoing, what is the timeline for this payment....nothing.’
In a past update it was mentioned the DaaP ‘deal’ (whatever this means exactly?) was in escrow, and an announcement would ‘swiftly’ follow the licensing agreement payment
Soyo
“If you have not received any funds as prmised in say another 8 weeks time, what will be your view?”
Given the re-hashed updates during the past six weeks or so, then my views are at best were a knee jerk response from Amit in response to certain shareholders wobbles… additionally on social media.
I do believe we’ll get a payout eventually, though if we’re looking at beyond 8 weeks, other than just anomalies with the share capital book, I’d suspect there’s more at play and perhaps in connection with the alleged buyer of the DaaP (random thought here). Though shareholders should expect a detailed explanation from Amit.
I don’t believe there’s been any kind of fraud committed, therefore prepared to sit it out. As Trombone suggests many wrote it off ages ago.
Then they maybe be others who’d consider taking actions, which if you’ve a significant holding, then @$50 million a proportion is owed, and perhaps worth pursuing. Though chasing it is not for me personally …
Soyo
Re your post yesterday and replies this morning… which I get your point in some respects, of re-hashed updates during the past six weeks or so…
16th January 2024
‘As disclosed on the 20th October 2023 and given the delays experienced during last year, ‘much outside of the Company’s control’, an enhanced payment for the DaaP sale has been negotiated… (c$4.5m)
$50m licensing fee - sat with agents awaiting payment to shareholders ?
Anomalies with the capital share book, from 2018 early 2019… ?
Shareholders asked for clarification on anomalies just last week, and we got it in Friday afternoon’s update.
Nevertheless I asked for you to ‘explain his motive for lying?’
I was interested in your views because I read the updates during the past 18 months as progressive.
It’s Amit’s responsibility as CEO to keep shareholders informed of company progression, whether you and others find such updates disagreeable - as the case maybe.
Given we’ve had current irregularities explained, then they need to be made accurate so no one person is disadvantaged, surely?
It’s difficult at times not to let our emotions get the better of logical reasoning… especially when certain folk on this bb post utter rubbish imv.
I’ve been reading here on and off for the past 7/8 years… hence me calling it the ctag therapy bb
Not much changes other than the slow (and at times misinformation) in the form progressive updates.
You’ve not answered my question
“it's lies in the first instance. Too many rehashed updates, many of which are simply implausible at this late stage – I am being kind!”
Okay then, explain his motive for lying? So often and for so long… in your own words
B3ast
May25 Apr 2024 11:11…
Our/ your (?) conversation perhaps answered in the current update.
Amit reads here, as well as twitter… not quite the response certain folk would want… nevertheless, there you have it. To make it of it what as you will… it’s a response.
Sorry Spike… note to ones self - ball, ball, ball….
Will try harder ;)
Can’t help yourself HITS can you with your usual, perhaps bred-in misogynistic derogatory remarks, I sense an underlying inferiority complex…
A courteous delightful gentleman of a particular era… No?
Perhaps too many adjectives in one sentence … not to worry.
I can see why you need to make an appearance on the ‘therapy’ bb
Re Amit… as I’ve said
Well HITS… the ‘fact’ of the matter is you’re still popping your head in here, with your condescending articulated points of view (I was going to say grumpy old g1t, but that’s just plain rude, also perhaps not you behave better in real life?).
Soyo’s also with his continuous exclamations!! Amongst many others - 7/8 years down the line - with a negative outlook, which, well… it intrigues me.
Perhaps being here, it’s a type of therapy for some?
Even though Amit has been reported to the SFO as well as Action fraud. The fact is, the updates keep coming… it’s all rather bizarre don’t you think?
Nevertheless I don’t see that Amit has any where to go after the last update, other than paying shareholders
How’s that for pom-pom waving… or a point of view to which you disagree