By Nigel Somerville, the Deputy Sheriff of AIM | Tuesday 6 October 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Reading through the Interims statement issued by AIM-listed (and now unsuspended after the formal appointment of Arden as the new Nomad) Cloudbuy (CBUY) a statement about the Australian operations caught my eye. The interims were released in mid-September, but refer to difficulties (and likelihood of termination) with the Aussie operations. But we have found evidence which suggests that this may have been well known to the company all the way back in early June. Is this why the former Nomad, Westhouse, resigned?
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