Monday 23 January 2017 The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares


CloudTag – drawdown of final tranche L1 funding, and yet another clarification needed by Nomad Cairn?

By Nigel Somerville, the Deputy Sheriff of AIM | Tuesday 3 January 2017


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.


Two RNS announcements this morning from AIM-listed CloudTag (CTAG) this morning tell us that the company has drawn down the final amount of cash under its death spiral funding deal with L1. The problem is that the dates don’t quite work. Perhaps Nomad Cairn would care to clarify (yet again)?

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