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Cloudtag - was the EGM approval for share issuance invalid? How can Nomad Cairn not quit NOW?

By Tom Winnifrith, The Sheriff of AIM | Friday 23 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.


It seems like an eternity of lies ago but the EGM of AIM fraud Cloudtag (CTAG) was in fact just 11 days ago and at that meeting shareholders approved two motions relating to share issuance that allowed the L1 death spiral to go ahead. But they were lied to.

The document for the EGM set out the details of the L1 death spiral in full and must have been signed off by hapless Nomad Cairn . But yesterday the company was forced by Nigel Somerville to fess up that the details of the L1 issuance were different, that is to say more dilutive. So when did that happen?

I am not saying that the morons who own this stock, like semi naked Hayley pictured HERE, would have voted differently had they known about the rounding down clause but they might have. The fact is that the document, the prospectus, on which thre morons made their decision was erroneous.

Cairn would not have knowingly signed off on a false document. Cairn may be spineless but the folks there are not stupid. So Cairn was, like Hayley & Co, misled. Again.

Go on Cairn, grow a pair for Christmas. Even Roland "Fatty" Cornish would have resigned by now. When are you going to stop taking it up the arse by a client that lies to you every time and hand in your notice?


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