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CloudTag – Oops!

By Nigel Somerville, the Deputy Sheriff of AIM | Thursday 14 April 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.


With apologies for missing this on Tuesday afternoon, I see that AIM-listed CloudTag (CTAG) has issued a rather embarrassing correction to its Monday RNS which announced a fundraising of £171,430 apparently issuing 5,357,143 shares to a new investor….at a price of 3.2 pence per share, representing a premium of 12.3 per cent. Over the mid-market closing price of 2.85 pence per share on 8 April 2016 (the previous Friday).


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