Cloudtag Share Discussion Threads

[nod] 23/4/2017 12:55

So, CTAG (under Amit) has had two global product launches since January 2016 plus numerous other presentations and releases at international shows over these past 15 months. Many millions raised, yet no working product. The only working product was the app and that has been withdrawn. Who would trust him?

[andy] 23/4/2017 12:23

Tim has sent out a brief email this morning.

Apparently Amit has finally responded, but only to say they will be posting an update to the CTAG website "in the next few days to include but not limited to E Health, current product production, live demo event".


I feel the call for cash is imminent now, the "live demo event" is to rally the troops, IMO.

[loglorry1] 21/4/2017 17:52

I'm short HCG on TSE using IG. Going well. Sadly only a small short.

[bbmsionlypostafter] 21/4/2017 16:29

Aberdeenman‏ @Aberdeen_Shares Mar 15

#CTAG

News coming soon and trading resumption? when it happens price could be a lot higher than current.

Have to wait and see
.............................
Sam‏ @SamP1982

Replying to @Aberdeen_Shares

give it up mate, you cant be serious still ramping it whilst no nomad or money.. have a word with yourself ffs

[andy] 21/4/2017 14:20

Log,

Exactly! And the company is not accountable because there is no record of the conversation.


Years ago a guy I knew attended an AGM and was told by a director "in confidence" they were making an acquisition the following week.

He duly posted it on the BB, and the company were called into the LSE to explain. They were forced to deny it, and the proposed acquisition was called off as a result!

I know of another similar situation with a Canadian based oil company, where information was posted on ADVFN by someone unknown to them, and a deal was called off as a result.

[loglorry1] 21/4/2017 14:05

It is often the case that a CEO or other board member will have "off the record" style chats that they tell investors are very hush hush and can't say too much about yet. The investors are told not to disclose things yet. The CEO knows for sure it will be made public ASAP. Obviously the first thing that happens is that they plaster it all over any BB they can find to boost the share price.

[andy] 21/4/2017 14:00

"There is some more around this, but I am not going to post this in case it causes issues that could even remotely cause a suspension. All VERY VERY positive though, NOT inside information, but not taking chances."

-------

So the company, or "Vicky" gave him information not in the marketplace!

Naughty.........

I wonder who else they told?

[loglorry1] 21/4/2017 13:08

Aberdeenman doing more u-turns than Mrs. May.

I've seen this sort of thing before though. It could well be the case that ABH resigns now and some other "professional" steps in and takes his place. With lots of re-assurances from the new CEO investors may fell inclined to stick in a bit more money. Of course in reality the new guy may well just be a patsy for ABH.

Same thing happened with one of Rob Tery's companies I think. Can't remember which now though.

That would be my strategy if Res 5 fails. If not then ABH has mandate to dilute the SAG away and either close up quietly or continue to raise and issue shares business as usual.

Log

[nod] 21/4/2017 12:37

I never take LSE but from posts mentioned advfn the new position would appear to be an attempt to rewrite the history book. I assume past posts on LSE can be edited by the owner and have already been attended to.

[andy] 21/4/2017 12:36

jaknife,

One of the two (after an acrimonious split) langbar action groups was successful for investors.

But I agree with your sentiment, and the SAG here seems to be afraid of Amit, so I expect they will eventually support a call for more cash, to "save their investment".

[hywel] 21/4/2017 12:11

JakNife didn't Paul Scott have success with a SAG many years ago? I might be wrong, it was a long time ago and my memory is a bit hazy lol!

But I don't envisage any success for this CTAG mob.

[nod] 21/4/2017 11:31

Perhaps they have inside knowledge that investigations are underway. Investigations may include market manipulation.

[loglorry1] 21/4/2017 11:28

JakNife I suppose the recent RBS action group which sued over the defective rights issue prospectus is the only exception I can think of.

On the whole though I totally agree with you.

In the world of fixed income bondholder groups can be effective in forcing trustees to uphold bondholder rights when companies default. It's usually much more clear cut in these situations where the bond terms are better nailed down.

Log

[richjp] 21/4/2017 10:32

That character Aberdeenman is something else.

Whilst full of contrition with regard to CTAG, he is up to his same old ramping tricks with regard to RLH, which tells you all you need to know about him.

[andy] 21/4/2017 09:15

Log,

Yes, if you cannot believe an RNS then the integrity of the market comes into question.

But once it became clear that there was no order, and the product wasn't available, there was still time to sell, but many didn't, because they still believed in Amit.

Their money has already gone, IMO, it's whether they risk more to follow the dream still further, or not. As you say, people are hoping against hope they will recover their investment now, and Amit will tempt them to invest more, IMO.

[loglorry1] 21/4/2017 08:43

I note that the SAG claims to have a wealth of business expertise available to it within the group. Given that they invested in CTAG after all the screaming red flags, how can that possibly be true?

I was thinking the same thing. In (some of) their defence I suppose if you are willing to accept what's in an RNS as true then the RNSs did sound quite promising back in 2016. $5.2m orders etc. etc.

Clearly now they are just grasping at straws hoping to get their money back somehow.

[andy] 21/4/2017 08:42

Wshak,

Exactly!

I have read the list of people that comprise the now 15 member SAG, and on the face of it there are some high quality professional people there, and I'm sure they're all honest and well meaning, and will work for the CTAG shareholders.

BUT!

Is there anyone amongst the SAG that is market savvy? It doesn't look like it, and as you say, if they ignored the obvious red flags, and invested in CTAG, they might have excellent business expertise but clearly not market expertise, and that's what counts here now.

They need a couple of non holders who will tell them, bluntly and honestly, how the market works.

I'm sorry to say it but I think Amit is going to have them all for breakfast.