Warrants value was 125% on change of control, they are in until the takeover/buyout.
Takeover after securing sales through cities.
Takeover by Apple at ÃÂ£2/share?! - oh that's a classic! Mkt cap of ÃÂ£850m hahahahaha!!!!
This is overvalued at 2p share.
See LSE is full of top research and analysis tonite.. ;-)
No one's going to takeover this company, there's nothing to buy! Especially at ÃÂ£30m. They have some trademarks but no granted patents.
In all seriousness this is embarrasing and i feel like a bully slagging this now.
If i could stop laughing i would cry.
If i was still in this inwould be hoping for a takeover for the algorithms and chips.
Goodluck to holders.
All this about an NDA is such nonsense.
Fox's takeover of Sky has just been announced, I'm sure many in the know were privy to this deal for weeks and under NDA yet at no point were the shares suspended.
I'd also heavily wager that someone like Vodafone or InBev or lord knows who else are working on products as we speak with several hundred NDAs in place. Their shares aren't suspended, ever.
If there was a "leak", or a deal in place, CloudTag would have to issue an RNS to the market immediately. The shares are suspended, in my opinion, because something is disorderly. It may be relatively minor (such as issues relating to L1 disclosure) or something more serious - we don't know, but it's the only realistic option.
@asb I think market abuse is more likely tbh as there seems to be some evidence for that rather than a leak. Like you said we'll find out soon enough but would be very worried if still invested as this is not the normal course of events when a takeover or jv is announced. Tbh there are only a few people working for cloudtag who would know about a potential takeover and you would think if one if the big boys were coming to take them over then they would know to keep their mouths shut so not sure where the leak would come from. As it says on ABH's bio he's a lawyer in regulatory law so would have thought he would have briefs his colleagues as to what (not) to say
Could it be that a takeover this week has always been the plan since january this year after ces16?
Could huawei have liked the algorithms and app so much that they insisted on a redesign and rights over the patents and tech?
I tend to agree that the length of time between announcing anything about the reason for suspension increases the likelihood of the reason being an investigation into a complex set of rule breaches. If there was some sort of takeover or merger then that could be given as a reason and the shares remain suspended until full disclosure can be made. If it was just issues around the timing of the L1 conversion notice then you would expect that the necessary disclosure could be made quite quickly.
it would have been mentioned in the rns for a start.
Takeover what exactly - a money burning machine with no products
I see CES2017 being the same as CES2016 - products arriving in Spring with massive orders - oh by the way there's a placing to accompany this rns.
That's if it gets past next week, otherwise there may be a cheaper than cheap (it only costs 5k per 10x10) stand at CES in January (add lighting and socket costs onto that)
Well, it would have to be out there now if someone did. Any Bull still claiming the share is suspended because a takeover bid or JV is in the works is frankly wrong.And it's a crowded market with enough consolidation and decline as it is. CTAG don't even have a product yet. What on earth are you buying?
I noticed that too Henchard. I think the Nomad has forced something. It has to be something which stops a disorderly market - which is why I think TW's theory posted here earlier re L1 disclosure may be it.LSE getting themselves into a tizz over it being a takeover - shares aren't suspended before a takeover bid!It'll almost certainly be bad news if you're bullish imo. We shall see.
Place your bets now!2/1 - Nomad resigned50/1 - Huawei takeover100/1 - Tom Winnifrith announced new CEO
FFS, a takeover of what?
A few photoshopped photos, a device & IP nobody has ever seen, contracts either party can walk away from at any time, zero inventory, zero sales, a stand amongst 4,000 others at some Vegas show?
Just exactly what assets does CTAG have to take over?
davecandle let me assure you there is no risk of a takeover here.
WShak - agree with most of your thoughts but don't think L1 will be selling once Tranche 1 done on the basis of the warrants as if they're selling today at 6p, some massive news next week, say a takeover could push the share price much higher and if the EGM is then voted down they're left exercising their warrants at a much higher price and losing money.
A small risk I know but these guys don't normally take any risk particularly as, as you say, they can make a few quid out of the warrants.