Cloudbuy Share Discussion Threads

[lefrene] 14/7/2015 20:59

Very timely wasn't it.

[oiht] 14/7/2015 19:43

Latest blog entry from LD:

It appears to me that they're(CBUY) just getting on with business, totally oblivious to the spleen venting on this thread.

[jxman] 14/7/2015 19:33

Well down but rd said 50 million soon so I will be well up then.

[big7ime] 14/7/2015 19:01

Certainly should be an RNS tomorrow

[harebridge] 14/7/2015 18:47

Jxman- how much are you down here?

[jxman] 14/7/2015 17:24

Yes I'm sure it was my buy. That's me done for a little while. Top heavy now

[lefrene] 14/7/2015 17:22

EFH want the Duncan's shares, and the share price destruction will go on until they get them. Once they have the shares there will be a miraculous recovery. But it's a game that needs deeper pockets than the Duncan's have. I do hope their domestic comforts have been worth the price!

[troutisout] 14/7/2015 16:53

RD loaned 2,250,000 shares to EFH.....margin call at 19.5p (some said when bid was at that level or below for 3 days)....RNS in the morning?

[big7ime] 14/7/2015 16:47

You reckon, it's possible but..

[jxman] 14/7/2015 16:27

590k was a buy

[troutisout] 14/7/2015 15:48

100k on Friday, 200k yesterday all at mid price and then todays trades going through, you have to think it has something to do with it.

[lefrene] 14/7/2015 15:37

Unusual volume for this today and most at a mid price. One can't help but presume this is linked to the Duncan's EFH debacle.

[a2584728] 14/7/2015 07:43

Is this a busted flush?

[oiht] 13/7/2015 22:55

I take it then that you don't invest in AIM shares.

[troutisout] 13/7/2015 11:20

Surely RD was paid more than the current price for the shares so give them up and buy some back in the market if he can. The resultant rise will more than compensate any opportunity losses, with his and Lyn's holdings rising in value.
But more importantly other shareholders get a chance to see a rise as well. This was nearly 100% higher than the current price when deal was announced.

[nashwan123] 13/7/2015 10:05

I personally know a guy who used his top position in a limited company to fund his lifestyle and by the time the BOD rounded on him and booted him out the damage was done. For them it meant loss of jobs and pension and for the staff the dole office.
I'm amazed that in this day and age company accounts can be be used to fund personal lifestyles particularly PLCs.

[ramas] 13/7/2015 09:23

Nowhere is there an obligation to hold shares , just weasel words to imply an obligation

[troutisout] 13/7/2015 09:14

ramas,

Maybe in their US dealings but litigation over there shows that if it was explicitly stated in the contract they couldn't sell the shares, I don't think they would do anything to breach that contract (they know how good it is for them).
I do not think however that there has not been a shorting via associates and other instruments that has put pressure on the share price TBH many market players will have had a little short on it from the levels when it was announced.

I also don't think any long side traders want to hold this when it gets to late 20p's, early 30p's, because they know after the spike the pull back down will start again.

It is a millstone and RD is the only one that can get rid of it, it has cost investors far more than it has him.

[troutisout] 13/7/2015 09:06

Daniel,

RD has brought it on himself, he could have just raised the money by selling some shares at the market price at the time, he didn't want to sell any shares though so he got hooked on an idea to sell his shares to EFH and be able to buy them back in the future. The problem was the deal was struck at a large discount to the share price and from then on it tanked.

He could have got a bridging loan, if he is that good a person why didn't his fellow Director DH offer him a loan?

I still think the way they financed the second tranche amount was through the Company issuing them with SIPP funds and them taking the sell side cash of a bed and SIPP.

RD has over recent years spun facts and information to hype up the CBUY SP, he and his wife's shares cost them very little, but greed meant he couldn't top slice a few and use that money to fund the house refurb. A sell in the market with a good reason would probably have had a short term negative slant but would have recovered by now. We now get to the point everytime it gets close to the margin call figure we see firefighting RNSs and Director buys to try and get the price up. That eventually weakens the Company's standing as Non News or News manufactured to drive the share price up away from 19.5p is hollow.

The best thing RD could have done is waited to refurbish his new house when he could afford it.

RD has only himself to blame, I saw a forecast for CBUY the other day saying they expected £200k profit in 2016, so I guess we won't be having £50m in revenues next year after all.

[ramas] 13/7/2015 08:58

I agree on the first point , for the second selling the shares is the whole business model for EFH , plenty of alternative ways to de risk the sale

[ramas] 13/7/2015 08:55

Of course the loan agreement is till 2017 so don't hold your breath on a share spike .... It's rather convenient the price is around margin call territory so time to pay the piper or not ..... That is the question