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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
“Led not lead”
It’s a wonder I can even string a sentence together on this site way the adverts jump all over the screen
The updates have been progressive (some what). The agents now have monies… they’re no longer in escrow
“It was imminent over one year ago! How difficult is it unless there are no funds to pay it? Speaking as a shareholder!”
Ahh, so now you’re putting forward a suggestion that Amit may have lead shareholders on, with lies?
Exactly that Tromebone, though here we are because Amit has lead shareholders to believe, very recently, a payout in pretty much imminent… hasn’t he?
B3ast
“If you do believe we'll see a return, then it should be in 2024 surely? That way at least set yourself December as the cut off…”
‘17th April… The Paying Agent is continuing its work to resolve some final remaining anomalies with the share capital book, which it expects to do in a timely manner, before it commences all notifications including to brokers.’
December 2024 you think?
Which would perhaps then suggest there are serious irregularities with the share capital book?
Spike, you are a wealth of information, as is Dougie, who has his eye firmly on the ball (though marginally less antagonistic) :)
“ Were you pi55ed off that Amit lied to you about the IPO?”
I’m aware of risk v reward, and no ipo is actually set in stone
The 17th April update… my view is, there’s a ‘tsunami’ of shareholders awaiting payment from the agents… given that they are currently sat on $50 million waiting to be paid out… don’t they?
Then is, I may think 2018 ipo was a perhaps a gamble worth taking. We’ll shall see
SOYO
“Whispering, you are quite new to the conversation here – joined on 24th February 2024 and appear to be firmly in Amit's corner. Would you not agree, that it is a shade disingenuous that he has promised payments for over a year, and keeps rehashing updates, which are effectively the same information over and over again? “
… Not that I feel I need to justify reasons for me being here, though just for you, I became a shareholder in June 2016, then bought in the pre ipo in 2018.
I’m not in Amit’s corner - for clarity - I have my own views.
I don’t necessarily believe he’s being disingenuous. So no I don’t agree with you. Though I don’t feel he is being as open as he perhaps could be.
There’s a reason why he keeps rehashing updates, and I think shareholders have a right to know
“What's a timely manner given we have been waiting over a year plus now?”
I’d like to know whose timeline/timeframe he’s working to… and why? Because this has dragged on, for what seems like forever.
Also just for good measure… I do believe we’ll see a return… I don’t in anyway shape or form believe he’s defrauding anyone.
Nothing can be currently verified Spkie, perhaps context of conversation was lost on you
Dougie
My understanding - and correct me if I’m wrong - shareholders contacted the SFO, amongst other agencies for verification that Amit/Cloudtag is legit?
Now you’re considering/suggesting that the SFO perhaps aren’t fit for purpose?
Shareholders have a right to know - an explanation of what exactly is preventing a payout