Share Name Share Symbol Market Type Share ISIN Share Description
Cloudtag LSE:CTAG London Ordinary Share KYG2215A1076 ORD 0.1P (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.375p -5.77% 6.125p 6.00p 6.25p 6.625p 5.375p 6.50p 19,986,676.00 16:29:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 0.0 -1.3 -0.7 - 23.62

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Trade Time Trade Price Trade Size Trade Value Trade Type
02/12/2016 17:07:466.13147,5009,034.38O
02/12/2016 16:28:576.2060,6723,763.18O
02/12/2016 16:27:036.20113,4087,031.30O
02/12/2016 16:25:186.206,759419.23O
02/12/2016 16:25:036.3531,3701,992.00O
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Cloudtag (CTAG) Top Chat Posts

DateSubject
03/12/2016
08:20
Cloudtag Daily Update: Cloudtag is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker CTAG. The last closing price for Cloudtag was 6.50p.
Cloudtag has a 4 week average price of 9.72p and a 12 week average price of 13.71p.
The 1 year high share price is 23.88p while the 1 year low share price is currently 1.38p.
There are currently 385,611,752 shares in issue and the average daily traded volume is 11,008,733 shares. The market capitalisation of Cloudtag is £23,618,719.81.
03/12/2016
09:27
nod: Surely, the RNS dated 1st December 2016 is an obvious whopping lie?It states clearly that "The board of CloudTag RECENTLY became aware that..." I'll paraphrase the background...CTAG's founder, a major shareholder and paid consultant, Corvus, had disposed of over 25 million shares over two years previously in October 2014. The market share price around this time was around 4p. Selling such an amount privately would likely achieve well below the market price.Why would we expect CloudTag board to know of this transaction?Corvus was invoicing CloudTag as a Consultant during this year AND the following year. Furthermore, shareholders were also paying Corvus for telephone calls - see 2015 Annual Report, 2014 Annual Report, 2013 Annual report (GBP 59,017)Clearly, Corvus is an insider and not an unrelated party.CTAG recognised this and defined payments to Corvus under Related Party Transactions. Same with payments to Kitwell (Hirschfield).After Oct 2014, Corvus Capital retained a direct holding in CloudTag of 3.25 million shares, which may have been around 2% of shares in issue at that time (Oct 2014).As a founder of CTAG, a substantial shareholder and an investment company you would reasonably expect someone at Corvus e.g. Andrew Regan, to have an interest in reading the CloudTag Annual Reports. Especially as Corvus were acting as Consultants to CTAG. A word search shows Corvus gets a mention in each annual report.In March 2016 the company Annual report clearly states that Corvus is a "major shareholder" as well as a Consultant to CloudTag (page 40).In March 2015 the annual report clearly states that Corvus is a "major shareholder" and had invoiced CloudTag (page 32).As the named Principal of Corvus Capital, Andrew Regan, invested in CloudTag and floated the company on AIM at 20p. If he sold out 25.5 million shares at below 4p in October 2014, he doesn't look very clever does he? Especially as the product (which was his baby remember) was in development in October 2014.It is most likely that Corvus/Regan transferred the shares to Spreadex and remained the beneficiary as a Nominee. The alternative to that scenario is that Regan knew by Oct 2014 that CTAG would fail and he got out.By the Year End September 2015, Spreadex had increased it's holding to 50.3 million shares (19.3%) AR2015 page 14Spreadex was by far the biggest shareholder in CTAG. On 29 Feb 2016, Spreadex invested a further GBP215,000. Subscribing to 11,684,783 (4.8%) new shares for 1.84pTaking it's holding to around 62 million shares.Spreadex continued buying and on 16 March 2016 reported over 20% holding (transaction on 9 March)When did Spreadex sell these shares?Lots of dubious fundraising over the next months pumped up the share price.Having pumped the price Spreadex began selling - down from 20% to 12% on 22 Junedown to 8% on 18 Julyfundraising continuesdown below 3% on 16 AugustThe share price in August was still only around 5.5pWas this whole process the transfer of this pup to private investors?Spreadex is a betting company.Taking things at face value, if Andrew Regan was happy to quit CTAG at say 3p and yet continued to act as a consultant to the company, it demonstrates an utter lack of confidence in CloudTag's future.In the 29 Feb 2016 RNS, it refers to 7.250 million shares being given to a consultant for "business development". I imagine the consultant was Corvus/Regan?At the time these were given a value of 1.675 pence = GBP 121,437If sold at 16p that would have been nice compensationThe CEO, Andy Jackson, quit in February 2015. This was not long after Regan transferred his shares. Did they know this company was going down the pan?RNS 1 December 2016The board of CloudTag (CTAG:LN) recently became aware that on 3 October 2014, 16 October 2014 and 6 November 2014 Corvus Capital Limited ("Corvus"), which had previously notified the Company that it held 28,800,000 CloudTag ordinary shares, transferred ownership of 25,548,439 ordinary shares to Spreadex Limited. Following these transfers Corvus no longer had or has a disclosable interest in the Company's ordinary shares. Spreadex Limited disclosed on 16 August 2016 that it no longer had a disclosable interest in CloudTag ordinary shares.
02/12/2016
10:00
peterpowwell21: I sense that Waseem and I will not be getting that many Christmas cards this year from the morons who still hold shares in Cloudtag (CTAG) but we did warn you time and time again. Waseem has now issued another stark warning: If you think the share price meltdown is going to reverse, think again. It is about to accelerate! The great man writes: Anyone hoping that L1 may run out of Tranche 1 shares to sell in the next 6 trading days before Tranche 2 shares become available is going to be seriously disappointed. Even if L1 have exhausted their Tranche 1 shares by forward selling, there is a helpful kicker that allows them to continue selling at no risk of the EGM voting against Tranche 2 being supplied. The reason? Even if the Tranche 1 CLN shares are exhausted, L1 can forward sell on, say, 10 day settlement, knowing that they can supply shares by exercising their warrants if the EGM resolutions are voted down. L2 don't want to exercise their warrants as they are ideally to be used as the final nail into CTAG's share price to lock in huge profits but they provide a great backstop in case Tranche 2 isn't delivered. If it is voted thro', as it is almost certainly going to be, L2 can satisfy their forward selling by converting CLNs - which results in them getting more warrants, of course. So what happens once all Tranche 1 & Tranche 2 CLNs have been converted? Well, at that point, the warrants become the main source of the death spiral, and things get really interesting. Given the terms of the warrants, L1 will make far more than the guaranteed 10% return available. This is what I would do, if I was in their position: 1. Assuming that I have 30m warrants to exercise, I would forward sell ,but drip feed the majority into the market so that I could get the maximum price that I could for the sales. Despite the destruction seen in the share price in recent weeks, this has been a result of drip feeding - this is as good as it gets, folks. 2. As I approach the settlement date for the forward sales, I would make sure that I was very clumsy in the way I forward sold the last of my shares. This would smash the bid price to pieces, and would set the exercise price to very low levels, relative to the price that I sold the majority at. Those earlier sales would be massively in profit, whereas the "clumsy sales" would get me 10%. In short, painful as recent weeks have been for shareholders, there is much worse to come, which is why I expect the shares to trade below 1p sooner, rather than later. That will still be a market cap. of £5m, with 500m shares in issue, tho'. Long term, the shares will be completely worthless, as I don't expect any cash raised as a result of exercise warrants to stay in the company for long. This is Death Spiral Financing, folks. There is a reason why it is illegal in the US. - See more at: hxxp://www.shareprophets.com/views/25681/bear-raider-waseem-shakoor-warns-again-on-cloudtag-share-price-crash-accelerating#sthash.VWHW468h.dpuf
02/12/2016
09:40
wshak: Anyone hoping that L1 may run out of Tranche 1 shares to sell in the next 6 trading days before Tranche 2 shares become available is going to be seriously disappointed. Even if L1 have exhausted their Tranche 1 shares by forward selling, there is a helpful kicker that allows them to continue selling at no risk of the EGM voting against Tranche 2 being supplied. The reason? Even if the Tranche 1 CLN shares are exhausted, L1 can forward sell on, say, 10 day settlement, knowing that they can supply shares by exercising their warrants if the EGM resolutions are voted down. L2 don't want to exercise their warrants as they are ideally to be used as the final nail into CTAG's share price to lock in huge profits but they provide a great backstop in case Tranche 2 isn't delivered. If it is voted thro', as it is almost certainly going to be, L2 can satisfy their forward selling by converting CLNs - which results in them getting more warrants, of course. So what happens once all Tranche 1 & Tranche 2 CLNs have been converted? Well, at that point, the warrants become the main source of the death spiral, and things get really interesting. Given the terms of the warrants, L1 will make far more than the guaranteed 10% return available. This is what I would do, if I was in their position: 1. Assuming that I have 30m warrants to exercise, I would forward sell ,but drip feed the majority into the market so that I could get the maximum price that I could for the sales. Despite the destruction seen in the share price in recent weeks, this has been a result of drip feeding - this is as good as it gets, folks. 2. As I approach the settlement date for the forward sales, I would make sure that I was very clumsy in the way I forward sold the last of my shares. This would smash the bid price to pieces, and would set the exercise price to very low levels, relative to the price that I sold the majority at. Those earlier sales would be massively in profit, whereas the "clumsy sales" would get me 10%. In short, painful as recent weeks have been for shareholders, there is much worse to come, which is why I expect the shares to trade below 1p sooner, rather than later. That will still be a market cap. of £5m, with 500m shares in issue, tho'. Long term, the shares will be completely worthless, as I don't expect any cash raised as a result of exercise warrants to stay in the company for long. This is Death Spiral Financing, folks. There is a reason why it is illegal in the US. @WShak1
30/11/2016
15:16
themadstork: You are wasting your time on LSE, Wshak. They would rather listen to fairy stories from 'respected' rampers. It's just a load of stress for no tangible gain, hence why I stopped posting on there. They cannot say they were not warned about what has happened, is happening and will happen to the CTAG share price.
28/11/2016
10:04
wshak: I think moderators on LSE, where they act within minutes to remove bearish content, have a lot to answer for. There ARE some genuine investors who have been sucked into the CTAG story, and haven't a clue what the death spiral finance actually means for them. When they ask, they just get lied to by the incumbents on the CTAG board, whereas anyone who tries to explain it properly has their post removed. JimPrice writes in response to a genuine question about the RNS today: "Amit was prepared to wait 40 days until the release of the escrow funds. Today's RNS makes them available for immediate release, perhaps he did not anticipate the CITIES deals to close so soon; the Thursday RNS seems to indicate weeks rather than days and then we got Friday's confirmation of the agreement. The etailers are looking for a payment to kick start the launch, it's all happening; we'll be on Amazon soon." This "information" is considered okay on LSE, but it's basically a lie. Today's amendment of terms of the death spiral financing simply removes any pretence by CTAG that there are limits at which they will issue shares. Bears have always argued that they would simply drop any conditions needed to ensure that the money continues to come in. The shares have no value, and insiders know that, so it's the amount of money that comes in that is important, not the number of shares that they need to issue to get it. All that is happening here is that L1 is selling shares to the public and , when appetite dries up at a particular price, they reduce it by a fraction to try and generate interest again. Hence, the steady drip, drip decline in the share price. At the rate that shares are being issued, and forward sold (either thro' the CLNs or warrants), I can see a situation where the shares will soon be 5p, but the company will still have a market cap. of £25m - with 500m shares in issue. It'll take some months for the full story of the CTAG promotion to become apparent, but I think a target share price of 1p by March is realistic. It'll take another year to lose another 90% to 0.1p, assuming they haven't closed up and gone by then. As for LSE and its moderators? Shame on them. @WShak1
24/11/2016
16:34
sweet karolina: I said in post 995: "Initial reaction to the Operational update not good. It was far more restrained than I expected. Even so if MBP is as strong as I think it is share price will close up slightly by end of the day - we shall see." There was nothing unexpected in the RNS, what I had expected that was not in the RNS was something for the rampers to get their teeth into most probably around the future non products. Maybe the Nomad had some influence here or maybe ABH is keeping his powder dry. I class the RNS a neutral ie neither good nor bad. Clearly a neutral RNS was not what the believers had been led to expect. Against that back drop the share price opened down. Previously we have seen a recovery during the day as MBP kicks in. Not so today and the share price has ended up down on where it opened on fairly low volume for a news day. The MBP tank is not empty, however I see this as the first real indicator that it is running out - the orange fuel warning light is on and flashing. It will now take a major ramp to get the share price to move up in any significant fashion and that move up will not be sustained for long. The trend on non news days will be to drift down, though no share falls every single day and there will be the odd up day (AERO and AFPO both up today). I think the crunch will really come post EGM when L1 sell the escrow related notes into what will be an illiquid market given the time of year with no MBP to soak them up. We shall see if I am right and whether analysis of trading on news days and non news days does give a good indicator of MBP remaining or not.
23/11/2016
10:05
sweet karolina: It does all come down to Moron Buying Power (MBP) and not numbers of morons involved. There will be lots of morons sounding off on LSE for a good time to come, but do they have the money to put where their mouths are? I think the "operational update" will play heavily on the product after Track - Onitor. I think they will still try to imply there is a chance of delivery of Track before Christmas without actually stating a delivery date. The authority for issue of new shares will not just be about covering the death spiral but will also be around accelerating Onitor. My assessment of MBP is that it remains strong and therefore the share price will go up on the news and L1 will sell into that. L1 make money regardless of whether the share price goes up or down in the 3 day shorting before conversion period, they make less money if the share price stays flat. It is interesting that L1 have left themselves a relatively small amount to dump into that news (£450k), they have clearly been keen to bank gains based on the limited volatility during the pre news period. Whether this is simply a bird in the hand being worth 2 in the bush or whether they know something is unclear. The warrants are interesting. I view them as a phase 3 ie coming after T1 and T2. The pricing mechanism is slightly different in that it is the bid on day before exercise that sets the price rather than the lowest bid over 3 days, which means L1 really want the shareprice to be falling as they short ahead of exercise and that means waiting for Moron Buying power to be heavily depleted - which will happen eventually, the hard part is predicting when - does it just exhaust itself or does some event trigger a wake up call? Watching all these things play out from the side lines is fascinating. If I am wrong (my assessment of MBP is based largely on gut feel and not any metrics) about the share price going up on the "operational update" / circular then that will be a clear sign that MBP is more heavily depleted than I thought. L1 may well then look to dump the escrow amount and dump and exercise the warrants whilst pulling the plug on T2 under the 7.5% of Market Cap rule or the "an event occurs or a circumstance comes to subsist which would in the reasonable opinion of the Investor be likely to have a material adverse effect on the Company" rule. My guess for the story moving forwards post Christmas non delivery of Track, is that problems will be encountered with the manufacturer of Track. But that is not a problem as CTAG have not paid them anything and because Onitor is looking so good they are not going to bother with track and move straight to Onitor, which will definitely be on the shelves well before Christmas 2017 and they already have a much better manufacturer lined up.
18/11/2016
08:23
sweet karolina: Log, That is why I believe there is a relatively close coupling between L1 shorting and the 3 days before conversion. It does not matter if the share price goes up in the 3 days as the lowest bid at the beginning counts or if the shorting is into weakness and accelerating the decline so the bid at the end counts, what they do not want is for the share price to stay flat, as that only really gives them the 10% already locked in thanks to the discount on the face value of the notes. It will be interesting to see if they do convert in the next couple of days. It could be that they started shorting at 1300 yesterday, though there was not a great deal of volume around because there is no news to support the spike so they may not have bothered and the collapse from 1300 may be natural. There is no limit on how much or how little needs to be converted each time nor on how many conversions they can spread it over. However, they will be trying to dump all of T1 in the 40 days. The promise of an operational update with the circular, not that there is any reason to link the 2, should get volumes up and generate greater movement in the share price, so I would expect that L1 are waiting for that to dump the majority of the remaining shares associated with the non escrow amount. There will need to be at least 14 days between the circular and the escrow amount coming into play and L1 will want time to dump the escrow amount post EGM before the 40 days are up. They then rinse and repeat on T2 and then rinse and repeat again on the warrants. Overall they should get an 80% return on the £2.25m of new money they put in in the first place, all the rest of the money that ends up going to CTAG from L1 in terms of the T2 amount and the exercising of warrants comes from recycling the return of the principal from T1. All L1 profits, plus all the money that goes to CTAG, plus the crony capitalist fees (about £200k at the moment) comes from CTAG mug punters pockets.
16/11/2016
12:21
ionlypostafterbbms: From one of the priests on LSE. Perhaps those of you who understand this stuff could cast an eye over it? The re-poster (not the author, LSE deleted the original) writes - "Only caveat IMO is that I think he missed the fact that the investor get both warrants + shares but here is the copy paste. "Funding explained in Laymans terms and Death Spiral finance disproved. The institutional investor has the right, but not the obligation to buy £4.5m worth of convertible loan notes at 10% discount to market price (nominal value) Convertible loan notes essentially are then converted to warrants in order to sell so the investor makes money. These warrants can either be sold as soon as they are converted for 125% NOMINAL value or, sold within the next 3 years at 90% of the previous days closing price. Example: Tranch 1 - £2.5m loan notes at a cost of £2.25m, of which £700k of loan notes have been converted into warrants. These warrants could have been sold on the same day they were converted for the 125% premium for 13.5p per share (11.5p nominal value, bought for 9.5p) The Investor, if he had sold, would have made £294k profit on his £700k initial investment (7,368,422 warrants multiplied by 13.5p share price). BUT he didn’t sell the warrants, therefore in order for the investor to reach the same profit level on this batch of shares, the price must reach 14.85p. First bit of evidence to show it is not death spiral, nor forward selling, as he would have converted straight away. THIS INVESTOR IS IN FOR THE LONG HAUL. The effect on share price of this £700k would have an overall dilution on the share price of -1.94%. Of the remaining 1.8 million loan notes in Tranch 1, 640k are held in escrow. Which we as shareholders decide if we release. (This protects us the laughable accusation of death spiral as either the share price has to be above 14p for 5 consecutive days [good news, investor higher average price paid], or we have to approve via a circular to release, therefore if we saw the investor was having a detrimental effect to share price, which he is not as he isn’t selling his warrants, we could prevent the release of the £640k) Escrow previously has been perceived as negative when in fact it is the opposite, it protects us should the investor wish to sell his warrants instantly. This leaves 1.16m CLN’s for the investor to convert to warrants before 17th December. A maximum further possible dilution on todays share price of 4.6%. (9.5p close price at 10% discount 8.55p p/s*1.8 million CLN’s= 15.39m shares, 15.39m/379m=4.06%) Now this brings me on to the ‘other matters’ due to come in the Circular. Expect big things is all I will say based upon my research. B2B updates, and product on shelves IMO.",?B> "(Part 2) Tranch 2 notes are mandatorily converted at 150% of the 14.25 share price on 4 November 2016 (21p) This is where I believe the ‘other matters’ will come into play an RNS will be released so big it will convert these notes to warrants reducing dilution further. Tranch 2 CLN’s terms are much more favourable than Tranch 1, as you can imagine the risk for the investor falls as time progresses. In summary I believe the maximum possible dilution from this investment is slightly below the 8% mark given the 4.06% dilution in tranch 1 with more notes at more favourable terms and ultimately a rock bottom share price, therefore in Tranch 2 the investor is bound to get less shares for his money. If tranch 2 warrants are converted at 150% of the 14.25p share price on the 4th November (21p per share) I believe just below 6.8%. So less than 1/10 dilution for a start-up tech company with no revenues, no deals and a ‘Fraudulent217; CEO. I’ll take that for £4.05m cash. Death Spiral finance disproved, solid financing in place, and news on the way. Best of luck to those invested."
16/11/2016
11:14
sweet karolina: All I am saying is that there will be a close coupling between the company and L1 and that the size of the conversion will relate closely to the number of shares dumped in the previous 3 days. The Ideal formula is company produces a ramp in some for or other, mug punters buy in, share price starts to spike but as buying momentum drops off L1 start dumping to drive the price back down creating as big a differential between their average selling price and the lowest bid in the 3 days. I think we all agree this is what is happening. The point I was making it is unlikely that L1 are short the whole amount and just converting in bite size chunks as doing that would put them at more risk. Overall L1 will only put in £2.25M as they will recycle what they get back from selling rather than putting more new money in. Warrants is even easier as they forward sell before exercise and therefore never put any of their own money in. Across the 3 phases - T1&2 and warrants L1 will make a risk free profit of around £1.8M ie about an 80% return on what they put in upfront in about 6 months - not bad for a virtually risk free investment. The only real potential risk is CTAG goes bust whilst L1 are still holding debt, hence why it is no surprise that they have come out of the starting blocks with a first conversion. By using delayed settlement selling, L1 do not need to use a CFD. We saw this with NEW when the market accepted sales of shares through normal mechanisms that had not been issued and when the realisation dawned that there was a risk that the shares would not get issued, people tried to buy back to unwind their naked short position, whilst at the same time others where piling in to take advantage of the situation that had been created. L1 are not in a naked short position because they know they will get the shares on demand when they convert. The escrow amount is all based on the potential that shareholders reject the deal and that would leave L1 naked if they had dumped all the shares, which L1 have not done. None of this is illegal on AIM L1 are not naked shorting which would be illegal. L1 being tipped off that a ramp is on its way is not insider dealing because they do not deal ahead of it only when everyone else knows as it is everyone knowing that creates the liquidity for the dump. It is in CTAGs interests for L1 to dump into liquidity as well as trying to dump when there are few buyers would hit the share price. I said in my previous post CTAG could get around £7m from this deal L1 get £1.8m and 200k has already gone in fees to crony capitalists so in total around £9m needs to come from mug punters.
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