Cloudbuy Share Discussion Threads

[troutisout] 13/7/2015 08:53

ramas,

The best potential for upside is if RD gives up his shares and I bet amazingly the share price will rise as short positions close out followed by EFH selling the shares at a higher level.

I don't subscribe to the BB story that they have sold the shares, they are too clever for that, they are good at this scam.

If he does pay more margin then the new level for the next margin call will become the target and the market will push it down to there.

[nashwan123] 13/7/2015 08:50

The BOD need to exert some pressure on RD to prevent further reputational damage to CBUY.unless some serious revenues start to come in and I sense they are pitentially at least 3 months away then this could be a house of cards!

[ramas] 13/7/2015 08:40

Remember the Dunc shares were long ago dropped onto the market by EFH hence the drop in share price. The only potential for upside is if the Duncs honour the agreement and repay the loan ... EFH will then be obligated to rebuy in the market to complete the bargain...... As before I see little to no hope of this occurring but it would offer share upside.

[daniel] 13/7/2015 08:27

It will be very foolish indeed for RD to allow EFH to take those shares. The damage is not to him alone, but more so to his loyal investors. It's sickening that this sort of attitude is permissible in a publicly traded market. I understand the vendetta from some quarters on this bb as to why they want RD to surrender those shares, and remove the burden, but this whole fiasco is extremely damaging to RD, the company and its investors; and a complete disgrace to Aim. On the other hand, it would be obscene if RD were to use share options to recover his loss with EFH, that will damage his name forever in our books.

[ramas] 10/7/2015 22:32

Agreed big time , maybe some protection against them doing that as I don't think the new directors would be too chuffed having stumped up 25p per share very recently

[big7ime] 10/7/2015 16:33

EFH have already made their money

[big7ime] 10/7/2015 16:32

There's no early repayment clause

[clocktower] 10/7/2015 16:22

Precisely ramas. :-)

[ramas] 10/7/2015 16:15

If the Dunks decided to repay the loan then EFH would have to buy shares in the market to complete delivery , unlikely to happen but it would be nice

[clocktower] 10/7/2015 15:49

The other way you could look at it lefrence is that it has given others the chance to invest at current levels or maybe even less if others like you are so pessimistic.

[lefrene] 10/7/2015 15:29

It's just an illustration of what appears to have been a cavalier approach to the interests of the company share holders, many of whom have backed the company through thick and thin. I do hope this has concentrated hearts and minds and that the the trading of the company soon dispels this dreary episode.

[clocktower] 10/7/2015 15:25

lefrene,£10k in certain areas is a months rent but why go to all the hassle if you have other options even if it bought you six months. They might have done a better deal but then only time will tell.

[lefrene] 10/7/2015 15:13

I think clocktower that they have been leading a comfortable if busy life, and they didn't want to sacrifice just a little personal comfort for six months. £10k would rent you something perfectly comfortable for 6 months. When this swiftly went sour with the first half of the tranche the Duncan's quickly found finance elsewhere so that they didn't have to commit the second tranche. Why on earth didn't they do this from the start? No doubt it looked like a money saving wheeze, I do hope they have sacked the person who got them into the claws of EFH, but whoever it was quite likely got a fat commission. This deal is going to be an albatross around shareholders necks until it expires, or the Duncans let the shares go to EFH.

[clocktower] 10/7/2015 15:03

Lefrene, I am sure their "creature comforts" assist them, as I guess anyone operates at a higher level when they can enjoy the comforts they are and maybe have earned. Maybe you would rather they wake up feeling depressed as they clearly have not enjoyed the same comforts as one presumes they were seeking when they entered into this arrangement.

One good RNS on Monday, then what? good luck.

[lefrene] 10/7/2015 14:52

It creates a slug of shares effectively overhanging the market clocktower. It's also a distraction to the people who should be concentrating on getting this business to an ongoing and improving profit. The episocde demonstrates that their creature comforts and convenience were more important to them than their share holders. It won't go away until EFH os bought off or allowed to take possession of the pledged shares, at which point look out for a miraculous recovery in the share price.

[clocktower] 10/7/2015 14:51

They may not need to play it, if the share price rises from here B7.

[big7ime] 10/7/2015 14:47

It may well be a molehill ct but perception and sentiment will be affected by how the Duncans play the next chapter in this debacle

[clocktower] 10/7/2015 14:17

I think your making something out of it that it is not lefrene. I cannot see the big issue for the Duncan`s. I think it is being made up to be a mountain out of a molehill.

[ramas] 10/7/2015 14:16

Still waiting for any EFH customer to repay and receive loaned shares back ... Unless anyone knows different ?

[clocktower] 10/7/2015 13:30

They can provide shares big7ime, or they might just come up with cash, as the funds were just to cover the transition period. They might not have needed the funds for a long as they thought.

[big7ime] 10/7/2015 13:22

How much is the margin call going to set them back? Do they have the funds, they seemed pretty desperate to finance their house

[lefrene] 10/7/2015 13:10

I believe it has to stay below 19.5p for at least three days before the it triggers the margin call. I guess that £20k director buy was too little too late. When the heck is this thing going to start showing an income and a growing income?

[clocktower] 10/7/2015 13:10

It has to go below 19.5p So nothing yet.

"The Agreement provides that on maturity, 27 October 2017, Mr Duncan agrees to repurchase all of the Transferred Shares (including any Further Transfer) at 27.16p per share, and he intends to do so. The Agreement contains a margin call, if the value of the shares falls below 19.5p Mr Duncan may either terminate with no further liability or provide additional security in cash or shares."

[harebridge] 10/7/2015 12:59

Share price is now 19.5pWhat happens now?