Cloudtag Share Discussion Threads

[kumbuka] 06/3/2024 20:57

Anyone with half a brain could see this was a fraud a long time ago but not old bully boy pj.

[kumbuka] 06/3/2024 20:56

If there's fraud or a failing company then bully boy pj is never far away.

[pj 1] 06/3/2024 20:42

''Due to non-disclosure agreements we are unable to communicate where all the cash has disappeared to''.

[dusseldorf] 05/3/2024 21:44

We'll see.... ?What could possibly happen this time?

[bbmsionlypostafter mk2] 04/3/2024 15:44

Licensing payment update
4th March 2024


Further to the announcement on 21st February 2024, the company is pleased to inform shareholders that the trust lawyers working to establish the trust fund have completed their work and the trust fund is now in place.

The company is therefore in a position to distribute licensing funds and has instructed the paying agent to commence the process and conclude the process accordingly during the next 7 working days.

The company would once again like to extend thanks to shareholders for their continued patience and support.

The Company remains under strict non-disclosure agreements. All further updates will be published on www.cloudtag.com

[pj 1] 24/2/2024 11:05

The fraud isn't about the money anymore. He's won that one hands down

It's personal. The esteemed leader is ''getting off'' simply by duping people for as long as he can.

He's on a power trail.

And still the gullible believe.

[dusseldorf] 23/2/2024 10:21

JakNife - Yes, a bold assumption, but really if he was going to pull the rug/do a runner - he could have easily done it years ago and just collapse everything, no-one would have been surprised. The fact this is still ongoing gives hope that just maybe there is a rabbit in the hat.

[jaknife] 23/2/2024 09:56

That would seem to be a very bold assumption Sir Humphrey!

[dusseldorf] 23/2/2024 09:09

Assuming these payments do come to pass, the 2nd payment should be a breeze after the issues with the first - copy paste destinations...but with more money. 2nd payment being 4x the first

[silvergreyhead1] 22/2/2024 10:39

This fella can certainly dream up some weird scenarios.They want dragging over hot coals keep trying to get peoples hopes up.One sick fe..er!!!

[bbmsionlypostafter mk2] 22/2/2024 09:46

Status update
21st February 2024


The company is pleased to announce that the enhanced payment for the DaaP of circa $4.5 million has been approved by the buyer. The exact amount will be decided at the time of distribution. The DaaP deal funds distribution will swiftly follow the license fee distribution. Shareholders are reminded that two separate payments will take place as notified before.

The trust lawyers are working on all documents to create a trust fund for shareholders that are unknown to the company due to the discrepancy arising from a miscalculation from a UK broker as previously mentioned. We have been advised this will be concluded by week starting 4th March 2024 and will revert back to shareholders to confirm.

We have received several enquiries regarding the jurisdiction of the company, please be advised that this information has always been on the website. Please refer to information on the website

The company acknowledges the extended time frame that this process is taking however we are striving to complete all aspects as soon as possible. We would like to thank our valued shareholders for their continued support and patience.

The Company remains under strict non-disclosure agreements. All further updates will be published on www.cloudtag.com

[pj 1] 11/2/2024 08:05

For what it's worth my shorts are still open on Spreadex but paid and currently settled to zero. I believe if they were to ever re-list then the trades would become live again but they would have to adjust for all the extra shares in issue. Strangely my shorts on Carrilion are still open on IG and it's impossible for that to re-list.

[dusseldorf] 09/2/2024 12:34

Meanwhile as the 'payment agent' has difficulty with a spreadsheet, £6k/day in interest falls into their lap... I wonder what's next?

[bbmsionlypostafter mk2] 31/1/2024 10:55

Another delay. Who could have imagined that?





Licensing payment update
30th January 2024

The paying agent processing the payment transactions are experiencing difficulties reconciling the number of shares in issue due to miscalculation from a UK broker. The company was only made aware of this discrepancy recently and is working to resolve this.

The company is discussing the option of proceeding forward with the distribution before resolution of this issue which would entail retaining a nominal amount in trust until the situation has been fully resolved.

We apologise for this further delay whilst this is being resolved and will update shareholders as soon as possible.

The Company remains under strict non-disclosure agreements. All further updates will be published on www.cloudtag.com

[pj 1] 22/1/2024 18:51

Monopoly money.

[dusseldorf] 22/1/2024 16:51

How much interest per day do you think the payment company gets? $6,900/day @5% I'd delay everything too if I was holding $50m

[pj 1] 21/1/2024 17:21

That is far from a professionally written update. It sounds cheap and uneducated. And how can they update when themselves are subject to strict NDA? Farcical.

[bbmsionlypostafter mk2] 19/1/2024 18:56

Apparently it's harder than it looks to give money away.




Payment arrangements
19th January 2024

Following the announcement of the 21st December 2023, it was intended that the agent aimed to be in a position to transfer funds during the week ending 19th January 2024. This timetable has slipped slightly at the behest of the Company (as explained below) and now, they affirm to establish contact with shareholders either directly or via their investment platforms during the following days ending 31st January 2024.

As mentioned at the time, there is an important but complex part of the process to notify all shareholders at the same time given that a link is sent to establish payment. This is relevant given the range of investors and their various currency requirements and to ensure that no one is disadvantaged by a lengthy notification process.

The company was notified yesterday that a number of private investors and a London based US institutional investor were contacted but could not be assured that all shareholders would then be communicated in a timely fashion. To avoid any potential disadvantage, the company has ensured no payments have been made today. The payment agent has given assurances to the company that it will be notifying all shareholders in a timely fashion next week.

As confirmed on the 11th January 2024, it has been confirmed the level of payment per share and all other parts of the process are ready for actioning.

The Company remains under strict non-disclosure agreements. All further updates will be published on www.cloudtag.com.

[dusseldorf] 15/1/2024 13:53

If it does come good it makes the 2nd payment alot easier - just the same again, only more....

[bbmsionlypostafter mk2] 12/1/2024 16:20

Any day now!

Further Updates - Payment Arrangements
11th January 2024

The Company is pleased to confirm that shareholders will receive 4.8 US dollar cents per share, after costs being an income from the distribution of licensing money.

The paying agent will contact investment platforms and individuals holding share certificates after Martin Luther King Day being a US federal holiday, starting from 16th January. Paying agent will provide further instructions and assist with any queries resulting from completing the relevant information and forms.

Once again, we express our gratitude to our valued shareholders for their patience and understanding during this period.

The Company remains under strict non-disclosure agreements. All further updates will be published on www.cloudtag.com.

[bbmsionlypostafter mk2] 12/1/2024 16:15

Any day now!

Further Updates - Payment Arrangements
11th January 2024

The Company is pleased to confirm that shareholders will receive 4.8 US dollar cents per share, after costs being an income from the distribution of licensing money.

The paying agent will contact investment platforms and individuals holding share certificates after Martin Luther King Day being a US federal holiday, starting from 16th January. Paying agent will provide further instructions and assist with any queries resulting from completing the relevant information and forms.

Once again, we express our gratitude to our valued shareholders for their patience and understanding during this period.

The Company remains under strict non-disclosure agreements. All further updates will be published on www.cloudtag.com.

[spikeyj] 30/12/2023 23:52

? No silver linings for almost four years?

[bbmsionlypostafter mk2] 21/12/2023 18:05

This gets more ridiculous. Can kicked down the road again.




Additional Information – Payment Arrangements & Notifications for Licencing Agreement

21 December 2023

Further to previous updates, the Company is pleased to announce that it has confirmed with the agent that shareholders will be able to elect whether to receive funds in US$ or GBP.

We understand that the US$ / GBP conversion, for those who choose it, will be carried on the day of payment.

We are aware that brokers have been contacted in respect of the said transaction.

Due to the complex nature of the various distribution process / platforms, and now facilitating a choice of currency at the request of some shareholders, the agent aims to be in a position to transfer funds in the week ending 19 January 2024.

Shareholders should also note that part of the complexity is due to the fact that the agent needs to notify all platforms and shareholders in unison.

The Company assures shareholders that whilst the agent has requested more time to complete its work, all preparation for the distribution process is well underway.

The Company remains under strict non-disclosure agreements. All further updates will be published on www.cloudtag.com.