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CloudTag – the maths on the headroom available to issue L1 conversion shares and warrants

By Nigel Somerville, the Deputy 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.


AIM-listed CloudTag (CTAG) has a lengthy charge sheet against it from this site. But now I want to go through the maths on the headroom available to the company to issue shares and warrants to L1 as it converts its loan notes. No doubt the company will wish to clarify the situation – perhaps with the able assistance of its Nomad, Cairn Financial, which we know is watching carefully. Draw your own conclusions from what follows - I've drawn mine!


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