The only person making exceedingly monotonous argument..in this instance Dougie - is you…
Thanks for the two facts
‘Are you suggesting Whispering, that the SFO are going to be phoning me every week ??’
… Actually no Dougie… and that reads as a pretty ridiculous sentence imv.
As said Yesterday my interest was what/if anything, you’d actually heard back from the SFO or FOS - which you haven’t. I’m only interested in facts, and not necessarily overly interested in your opinion… we’re all entitled to form thoughts based on our understanding…
My positive is - as said yesterday - ‘that some make take solace’ from the website still being in situ.
Let’s see whether the Paying Agents contact those of us this week - who hold certificates
‘talks of 'common sense'... but would benefit perhaps from understanding logic and particularly the nature of the simplistic logical fallacy known as a non sequitur.’
My ‘assertion’ HITS… the topic of conversation yesterday was specifically - Dougie hasn’t yet had feedback from the either FOS or SFO, which I believe he mentioned he was expecting in a previous post 10th June (?)
No matter how you and certain others try to dumb them down… The FCA & FOS are recognised official bodies in which regulation is as it says… who in my experience give timeframes to replying to those who make complaints.
Whether there is any truth to the 10th June Company update or previous ones no one knows for sure, do they now?
Though, perhaps they do stand up to compliance? … You sure don’t know either way
Yet waffled yesterday about big green ticks.. and then proceed again today with yet another stream of rhetorical waffle …
“And yet some here seem to think it reasonable to take it as gospel that some regulatory authority has marked Amit's homework and given it a big green tick... solely on the basis of "because Amit said so"? “
The FCA carried out said regulation during the period Amit was regulated… so they stated on their official website ?
Or perhaps they just don’t … and give a big green tick irrespective of compliance… only you’d know for sure HITS ?
Common sense ain’t all that common is it? 🤔
Amit was as a director of SB Corporate Finance for a specific period regulated by the FCA. Only those who know - know the significance.
The FCA would have influence, including interactions with the FSA who regulate companies registered in St Vincent & the Grenadines who then would comply with any investigation, of companies registered within that jurisdiction. Some are trying to suggest that St Vincent and the Grenadines registered companies don’t comply with any regulations… which is misleading.
Perhaps some may also lose sight of why companies go to specific lengths to protect intellectual property … registering a company offshore can be an advantage (which may also enforce any NDA’s) whilst in the stages of research and development
“Compliance is the state of being in accordance with regulations.”
Which the company - Cloudtag (Amit) - updated shareholders that they conform to compliance also regulations… (As also said in his bio)
The problem is Dougie, given the timescales which have come and gone, many have for a good fair few months now pushed fraudulent activities re Amit/Cloudtag, as a means to instigate official interaction to find answers to this ongoing saga.
So while not only you - but every Tom, Dick and Harry have allegedly made official complaints via every official body known to man… then shareholders can perhaps expect significant delays whilst said investigations are being carried out? Which seemingly we are now experiencing… ??
I would have hoped the FCA - should there be any concerns whatsoever - as you’ve mentioned - would have resulted in the website being closed down. (The FCA have the powers to do this… )
So perhaps some shareholders will take some solace that it’s still up and running…
1984… mostly your posts have a tendency towards crassness also vulgar… so yes a tad “sloppy” imv … nor does one need to be under 30 years old to recognise… irrespective of their ability to spell
“You then try and seek evidence to the contrary ?
''..have you heard anything verifiable back from the SFO, FCA, or the FOS in respect..''
That is not how any enquiries or investigations will proceed.”
Given that Amit was regulated by the FCA, then they would be contacted perhaps by the SFO or Financial Ombudsmen to verify their role in said regulation?
Though you were expecting reply, which is exactly what I was enquiring as per your 10th June post ?
For the record, I’ve gone down a similar avenue with an official body. They kept me up to date.
No problem if you’ve not had any feedback… as of yet
1984, even a dyslexic knows…
‘Hung’… idiom
“Idioms are phrases which cannot be understood simply by looking at the meaning of the individual words in the phrase. We use idiomatic expressions all the time.
Additionally…
…. As many have perhaps observed - via X (twitter) - @ctagexpose… Amit has been hung, drawn & quartered, based on their opinion without any verifiable evidence… ?
“10 Jun 2024 19:32
Hopefully by the end of tomorrow (7th day) then should receive an email from an FOS case officer who will likely give an indication as to how the complaint proceeds. “
Today…
“The Bureau being just one of them. Should be an interesting week. Fingers crossed & we finally get something verifiable.”
Dougie, I was kindly wondering out of interest, also for clarity - have you heard anything verifiable back directly from either the SFO, FCA or the FOS in respect?
Myself as well as perhaps a few others thought you were awaiting a reply from the SFO or FSO?
Simply curious given that the 10th June company update clarifies that Amit was regulated, ‘The Company is pleased to advise shareholders that following an in depth review over recent weeks, the compliance process has now been approved by the regulator’
As we know he was regulated with the FCA until last August last year… also under a strict NDA as stated per every update for quite sometime ?
If there’s any evidence of fraudulent activity… I’m not quite sure what has been unfolded in respect, so perhaps you’re aware of something other shareholders aren’t privy?
Hope you don’t mind me questioning ?
‘’The Company is ‘Pleased’ to advise shareholders that following an in depth review over recent weeks, the compliance process has now been approved by the regulator……..”
This shareholder likes ‘Final Licence Payments’ very much… :)
B3ast … perhaps it’s because you’re a boring bl**dy broken record…
Give it a rest
“That at least shows progress towards a possible ultimate acceptance it was a scam.”
… I don’t believe Cloudtag is a scam…
Like many others (?) my interest is where the alleged $50m has been deposited… And… should events then turn out to prove there are no licensing fees, or sale of the DaaP. Then at least some are hopefully driving a conclusion and we can all have closure.
Why it bothers you so much what I think is beyond my comprehension… I don’t give a monkeys what your thoughts are…
Like a few others here - your input seeming is nothing but to troll others for having a different opinion… a tad pathetic imv
So here’s an idea for you guys, ignore my posts or just filter… simples ;)
“Any screams of support for Amit now from anyone? Helx, Whispering, Hubba??”
B3ast
I’m not sure that you quite understand my perspective… So let me make it clear; I support my investment… and with that, comes with supporting the CEO whose duty is to act within the best interest of shareholders.
Should this not have not be the case, also given recent revelations via twitter then questions need to be asked. Which means a reporting to regulatory bodies. If the FCA aren’t fulling their role then raising a concern to the Financial Ombudsman would be the appropriate next step.
As mentioned previously by another poster who has very recently followed this pathway - also cc’d the SFO, ‘who are now listening’(?)
Shareholders need to know what’s going on and where the $50m has been deposited… if these funds are tied up somewhere other than with the agents, we should be informed… ‘If’ like its been alleged - funds are earning c12-28% interest sat in an account (or placed within another company?). The trajectory of reporting will perhaps follow the US court case and issues raised to gain a conclusion? Whether there is a case to be answered here in respect of Cloudtag, I simply do not know. Though I’m following closely, I suspect many are right now !?
So your terminology of “screams of support…” seems a tad dramatic & silly imv, when issues are more importantly specifically subject based … No?
“The good news though, whether or not this is indeed a Black Hole, is that the SFO are now asking questions.”
Given the ‘big boys & girls’ have already set the wheels in motion… last year…
‘Ahead of (the proverbial) curve’?
Is this LSE’s shareholders version of table-tennis?
Ones’ mind doesth boggle…
“Yep Londondan, I doubt any of Amit's supporters would have thought we'd be here in June given they were expecting payments last December.
You'd think they'd admit something fishy is going on.”
The jury is yet still out…
Bad decisions don’t necessarily maketh a bad person… and certainly a challenging thought ‘all’ things considered (is good to let this hang in the air for a pause??) Perhaps some prefer to search for the best in folk, than search for the worst… it takes experience & certain mindset to accomplish…
Nevertheless - it doesn’t actually deviate from whats happened/ns in reality… (it comes too quick too and easy to make judgments) & for those awaiting regulatory feedback.
… all imv (obvs)
“And thanks for the heads up on that other regulatory body. Took a wee bit of creative conjecture & several costas but I was pleased with the result. Fairly plausible I thought. Hopefully they are then able to enquire further. Fingers crossed & a result good or bad is then forthcoming.”
Well - from what I know & understand the FCA (amongst SFO & AF) is a path well trodden. Imv & the other regulatory body won’t shine any more clarity. Nevertheless it’s something each person has to challenge?… good luck.
“Try a little introspection prior to the next time you glibly call others antagonists or zealots or nonsensical.”
…I stand by my view when provoked… perhaps try a little introspection yourself prior to your belittling antagonistic posts…
I won’t sit back and tolerate you ‘glibly’ spouting off directly at me
“That you then do not find it alarming that there was deals made for $275M and that shares were then being further sold or that Amit allegedly delayed the payment of one of the deals to enable an alleged extra gain of 2% “
… I recognised via the website updates how many shares were sold/issued from September 2020 - 2023…
I found it perturbing that shares were seemingly being sold simultaneously to announcements - re the licensing deal plus DaaP sale… as previously said.
(I was also bit miffed way ‘prior’ to any of these announcements - that I enquired about purchasing more shares… my email enquiry was ignored… !?)
Though, then subsequently shareholders were delivered a flurry of promising updates of payment - which have amounted to radio silence
Re the 2% interest… I’ve also said previously, then my thoughts for some time have been that the buyers are dictating any announcement? (I have no evidence of this), hence Amit chasing interest
Personally I would rather be paid out minus the 2%, to which many shareholders perhaps would, 2% is nothing on my investment… I can’t speak for others?
Though here we are, agents allegedly sitting on $50m ….
Waiting for what, exactly… do you honestly believe Amit/Cloudtag is a fraud (There’s a clear ‘paper trail’?)… or do the updates amount to something more significant?
Soz… long post yet again…. :(
Dougie
I know for a fact Amit was offering to sell shares last year, I spoke to the person who was offered them. This is as much as you or anyone needs to know. Why it’s such a big deal to you or anyone god only knows ?
Why you’re once again belittling, also pretty much trolling my posts are beyond my comprehension… perhaps it’s one wee dram too many at such a late hour??
Deleting one’s contact is absolutely no skin off my nose. I know of a fair few shareholders who have far better manners than yourself