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


Commiserations To Genuine Holders in Cloudtag says Waseem Shakoor as he sets a 0p target

By Tom Winnifrith, The Sheriff of AIM | Friday 24 February 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.


Bear raider and Northern git Waseem Shakoor is far nice than I am in my tretament of Cloudtag (CTAG) after today's fraud unravell as discussed in the bonus bearcast HERE. Waseem, the soppy nice guy predicts a 0p target too but writes:

I hope that the loss (as the shares inevitably trade towards zero) will not affect people's livelihoods.

I don't want to dwell on CTAG itself for too long, except to make the following observations:

1. I don't believe there is ANY price at which CTAG will not be happy to sell shares, as they are worthless.
2. Any money raised will not last long. Very much a case of "in through the front door and out the back".
3. The shares will continue to get lower over the next month as L1 sell and convert their warrants before delisting.
4. There will be some buyers, but not many, as shorts look to close.
On a more positive note to people who have been genuinely sucked in by the hype, reports from Munich, emails from the CEO, hiring of employees, podcasts, countdown clocks etc. - you will be better investors after this.

The first investments I made back in the early nineties were in junk like this. I even profited from a few as the volatility in worthless companies means that they attract momentum buyers. Ultimately, however, I lost more to boiler room scams than I previously got lucky with, and that's where my education started.

Even so, I got caught occasionally, after many years of experience. If it can happen to those of us with a lot of experience, it can certainly happen to those of you who have very little. Personally speaking, getting ripped off was the best thing that ever happened to me as an investor in the long term.

I trust you will now realise why I was so persistent with this disgraceful company. Yes, I wanted to make a profit, but I also hope that a lot of people may have thought twice before investing here.

Good luck with your future investments.

Ends.

What a wimp. But we are agreed. 0p here we come.


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