Cloudtag Share Discussion Threads

[andy] 25/4/2017 19:07

log,

Peeps on LSE seem to want to pay a higher price "to protect their investment"!

[funkmasterp12] 25/4/2017 19:07

Imagine the conversations these people have with their significant others!"Darling, you know that company I invested in where I lost 90% of our money...""Er, yeah.""Well, they're really close to launching this time and all they need is a bit more money to make it happen.""You can't be serious?""Yes, it's definitely happening this time, this guy on the internet has seen the product and it definitely exists.""Isn't that what happened the first time?""It's different this time.""Why??!""Because there's a group of us all doing the same thing!"I mean, honestly! Wake up!

[loglorry1] 25/4/2017 17:44

Yup & no doubt the price will be low so the good folk can average down significantly. Amit or similar will also subscribe to show confidence & ensure he can continue to pass resolutions or shut up shop easily. The money will go the same way as the rest of it.

[wshak] 25/4/2017 17:08

Andy,

I don't think there has ever been any event of CTAG's that its promoters haven't spun as a huge success. It looks as though the company will be going for another fund raise, with Aberdeenman on board, separate from the SAG, to state that he is now confident all is fantastic with the product. He said that months ago too, of course, but let's forget about that.

419 scam on its way.

[andy] 25/4/2017 17:03

henchard,

I did say they should have requested a poll before the vote took place, but as usual nobody listens, and now it's too late.

The SAG don't come out of this well at all, didn't anyone go? And if they did go, where's the report?

On the LSE madhouse it's been spun as a positive, and old rampers are back ramping again.

[henchard] 25/4/2017 16:46

I thought the 900+ SAG members held over 50% of the shares and were going to vote down Resolution 5 at the AGM. I wonder whether not enough of them voted or whether they did but Amit found a sneaky way to defeat them.

All academic anyway. But as when watching water run out of a bath, it's gone past the point where I can't help but wait on to see the final swirls go down the plughole.

[loglorry1] 25/4/2017 15:05

A final rinse of shareholders before they pack up and go home? I'm not sure - I'm torn between whether they are already in "close the shop" mode or whether they can get another few hundred grand from the gullible.

I suspect both. If they raise a few hundred K by doubling share count they can sell some to the mugs and some to a "friendly party" to make sure they don't give any additional control away. They know they have the votes they need for any resolution so they need not worry too much about any pesky resistance as long as the "friendly party" also takes some.

After that they can close up shop or do the same again until it stops working.

Log

[wshak] 25/4/2017 14:54

I see Aberdeenman (who I strongly suspect is an ABH stooge) is hard at work on LSE, trying to convince everyone that CTAG is about to take over the world.

A final rinse of shareholders before they pack up and go home? I'm not sure - I'm torn between whether they are already in "close the shop" mode or whether they can get another few hundred grand from the gullible.

Shameless, either way.

[wshak] 25/4/2017 14:39

Knigel,

There was a very small short position out there in the first place, even smaller now since they were the only buyers previously at about 0.5p.

It won't be long before there is no bid at all. Why would anyone buy the shares given the farce played out to date, and the fact that the company has admitted there are serious doubts over its ability to continue as a going concern?

[knigel] 25/4/2017 13:52

Don't hold any shares. I wonder if anyone is buying shares at 0.5p (not just shorters)..

[funkmasterp12] 25/4/2017 13:33

^^ what he said.

As for posters claiming "verified info", surely by now you've learnt not to trust a thing anyone says on a bulletin board?

[loglorry1] 25/4/2017 13:27

Knigel the best strategy is to try to find someone who will buy your stock from you to realise the tax loss IMHO. There's still a 0.5p bid out there in the grey market I think.

[knigel] 25/4/2017 13:23

Btw so what is the right move?
Sit on hands? Give up? Write money off? How much money will the company need (presuming a product will reach the market this year)
If one big con then some have some explaining to do. Also why is Adman claiming verified info today? Why is he so special?

[knigel] 25/4/2017 13:11

Andy that was my suggestion as a NON holder. Otherwise they may be diluted out of existence soon.
In hindsight the LSE SAG banging on about stopping Res 5 probably meant a show of hands was used instead..they were forewarned....

[sweet karolina] 25/4/2017 13:07

Nice kick in the balls for the SAG, well done Amit. First 2 rats leave the sinking ship.

[andy] 25/4/2017 12:58

Funk,

Lambs to the laughter indeed, "first post of call"!, they are queuing up by the sounds of it!

Amit must be rubbing his hands............

[funkmasterp12] 25/4/2017 12:47

"Best move imho is to still ask for the Q&A reply and to say SAG is still willing to be the first port of call for more funds at a reasonable price if the company can reassure shareholders of timeline etc."

No, that is not the best move.

[funkmasterp12] 25/4/2017 12:46

Some posters on LSE remain as clueless as ever:

"We now have some news that could potentially return our investment. We might not make much money but at least there seems to be hope of getting the original investment back."

Lambs to the slaughter.

[loglorry1] 25/4/2017 12:43

LOL I don't like to say told you so but I was pretty sure Res 5 would not pass. Soon to be 1bn shares in issue as soon as ABH can find some mugs to buy them!

Tony Reeves done a runner - no surprise there.

[andy] 25/4/2017 12:38

Resolution 5 was passed then!

Where were the SAG? Did anyone actually attend?

[funkmasterp12] 25/4/2017 12:24

Well THAT'S a surprise.

[bbmsionlypostafter] 25/4/2017 12:21

25th April 2017

Cloudtag (CTAG:LN), the company that brings personal monitoring to the wellbeing, fitness and digital health markets announces that, at the Annual General Meeting held earlier today, Resolution 2 was not put to the meeting and all other resolutions were passed. The Company wishes to advise shareholders that non-executive directors and shareholders Tony Reeves and Jerry Bereika have resigned. The Board has initiated the search for new directors with the requisite skills to match the Company’s future requirements.

Product and Strategy Update

Cloudtag is pleased to announce that it expects the factory-produced Onitor Track will be dispatched to the Company shortly. These devices will be delivered through our distributors to retailers with whom the Company is currently engaged. Cloudtag continues to adapt its proprietary software and is currently developing and testing a new mobile application (the “App”). The Company intends to hold a live demonstration for shareholders ahead of the retail launch, further details of which will be available on the website in due course.

Alongside our retail strategy, we have begun exploring potential growth opportunities within the medical healthcare and insurance industries, and we will undertake pre-clinical trials relating to weight loss in 2017. Furthermore, the Company has been exploring licensing opportunities to third parties in the automotive and garment industries through two dedicated Cloudtag Inc. subsidiaries.

Upcoming Events

Cloudtag can confirm that it will attend this year’s UK eHealth Week Exhibition on 3-4 May, which focuses on people and organisations that use the power of IT to transform healthcare, the event is organised in association with NHS England and NHS Digital.

We remain committed to acting in the best interests of our shareholders and will continue to communicate with them in a clear and transparent manner through the website.

Commenting, Amit Ben-Haim said: “We are proud to be taking delivery of the latest units of the Onitor Track, as this marks a significant milestone and is testament to the team’s continued hard work and commitment to a successful product. I would also like to take this opportunity to thank Tony and Jerry for their significant contributions to the Company.”
Cloudtag Inc. Amit Ben-Haim [phone] [e-mail]
UK Investor Relations.