By Tom Winnifrith, The Sheriff of AIM | Thursday 22 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.
And so today we have another revelation, this time from Nigel, showing how the rotters at Cloudtag (CTAG) have once again lied to investors in an RNS. I say once again because we have now lost track of the number of times this has happened. And the lies have been told with deliberate purpose: to pump the share price to allow both insiders and those backing placing after placing to dump stock at inflated prices. This is fraud. Yet Nomad Cairn continues to sign off on these lies issued via RNS, to tolerate CEO Amit lying in podcasts and videos to ramp the shares. So I have written once again to Cairn and cc'd in AIM Regulation
To Liam Murray & Tony Rawlinson at Cairn Financial
cc Marcus Stuttard, head of the Oxymorons at AIM Regulation
RE: the fraudsters at Cloudtag
Dear Liam & Tony
Once again the ShareProphets website has, once again, today exposed your client Cloudtag for lying to investors via RNS as you can see HERE
How many times does that make it that Cloudtag has lied via RNS so far this year? I got into double figures by mid July but at that point lost count. And, of course, CEO Amit Ben Haim has made numerous statements in podcasts and video interviews which we all know to be untrue, indeed which have been shown to be demonstrably untrue.
Your reputation as a Nomad is being shredded by your association with this company. Every day as a new lie emerges you appear to simply lube up and take the punishment. Why?
And every day that this share continues to trade is another day when ordinary investors throw more good money after bad. You, and the clowns who work for Mr Stuttard, have been warned time and time again but your inactions have cost private investors millions of pounds as they have averaged down. As you consider a Christmas of luxury let that be on your conscience.
Chaps, surely this latest episode is the straw that breaks the camels back? I urge you to resign at once and for the clowns at AIM Regulation to wake up and do their job properly.
Best wishes for a Merry Christmas
The Sheriff of AIM
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