By Tom Winnifrith, The Sheriff of AIM | Sunday 11 December 2016
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.
Cloudtag (CTAG) morons are getting terribly excited about the CES show in las Vegas which their boys are paying to attend next month. Now let's rewind a year to January 8 2016, 21 days before the company launched a blizzard of placings. Here is a ramp video Cloudtag paid IR hookers Proactive Investors to record. The really very foxy Charlotte Kan of Proactive quizzes lying Amit Ben Haim about CES 2016 where he launched Cloudtag's products. Ms Kan maybe uber foxy but she is not exactly Paxman.
According to ABH, at CES, CloudTag spoke to some of the world's largest consumer technology manufacturers, one of Europe's leading sporting goods distributors and two of North America's largest department stores and retail groups. It also said it generated business-to-business opportunities with insurance providers and mobile phone operators.
“The directors of CloudTag are confident that several of these opportunities will lead to commercial arrangements and look forward to updating the market in due course as discussions progress further,” the company said in an RNS stock market statement.
But on the video Amit went further.
“We’re looking to supply the market by end of May, 2016,"
So how many orders have we had as a result now that it is mid December 2016? How many prodfucts actually on sale to customers?. NONE WHATSOEVER. ZERO. SWEET FA.
Once again this as ABH saying things in a non RNS format thaat event hapless Nomad Cairn would not have signed off on. What ABH said was just utter bollocks but it helped ramp the shares to start getting all those placings away.
In the US, Amit would be on a perp walk for this.
Proactively humourously describes its video as "stockmarket news". Well if this is not "fake news" what is?
As for Nomad Cairn, this is another reason it should be resigning tomorrow.
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