Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
Au contraire. Those with a less than positive opinion on CTAG have got absolutely everything right to date.
As the cheerleaders know (and rely on), it is impossible to be right about an event that hasn't happened yet.
Delisted, not demister.
Hubba asks for evidence to prove that the alleged deal is not real...
Of course he does, because he knows that none will be forthcoming. He and his ilk know that it is literally and logically impossible to prove a negative - and this is what the cheerleaders rely on.
There is of course a literal mountain of evidence that categorically proves that everything Amit has promised and assured in the past has turned out to be utterly false - but strictly speaking, that dismal Pinocchio record doesn't disprove this latest assurance.
If Amit's latest statement is true (and it'd be for the first time ever) then as today is the last working day of the week commencing 13th November, the alleged agent should have contacted all brokers by close of business. Let's see if that happens. As to those holding share certificates directly, it remains difficult to work out how they're going to get their alleged payouts, especially if they were sent their share certs by a broker nominee once CTAG demister (as many were).
Insurmountable? Agreed, IMO it's not. Unaffordable? Well... that's a different and more complex matter, given the company's current, large and looming short-term liabilities.https://www.lse.co.uk/ShareChat.html?ShareTicker=ANGS&share=Angus-Energy&thread=A97BA0EF-2A45-4A31-B18B-8CF58749F791&reply=true#posting-rules
As stated previously, it's abundantly clear that nominee brokers are by now (courtesy of multiple contacts from PIs) well aware of Amit's latest set of assurances as featured on the CTAG website.
Unfortunately it's equally abundantly clear that Amit and CTAG have to date remained in complete radio silence as far as said brokers are concerned as well.
And so the wait goes on... it was ever thus.
"It’s come from the haim himself in writing everone is getting paid the 50mil 5 weeks, end off"...
Sorry, but for anyone to rely on anything Amit's said as being cast-iron gospel truth is by this late stage unutterably bizarre. Amit has stated many, many things in the past in writing, whether by social media, email, website or RNS - and to date, literally every single one of those statements in writing has turned out to be just plain false.
Of course this doesn't inevitably mean that this time, his latest statement in writing is also going to be a pack of lies like all the other ones... but it categorically cannot be relied upon.
As to contacting one's broker... why not? Amongst other things, brokers act as nominee agents for PIs, for which they get paid a slice. - and as a paid agent, whoever has paid them that slice has every right to contact said broker as much as they see fit to.
As to whether such contact will result in anything useful is another matter. It seems that the brokers are every bit as much in the dark as everyone else, so it is true that the world in general has no choice but to wait to see if Amit and Cloudtag are finally telling the truth this time. For the first time ever.
Cash is indeed king.
Sadly the issue for ANGS has always been that, due to its at best massively overoptimistic estimations of costs and timescales, it's never had enough of that. Bear in mind that towards the end of March this year, it had just £250k in the bank. Which is precisely why it had to take on all that credit card rate debt... and £7m of that becomes payable in just over two months' time. Along with the next presumably £1m instalment to Paul Forrest.
Of course, both the lender and PF might choose to accept literal bucketloads of newly issued confetti in lieu, as they each did last time...
Conrad, I should hope so (and that was brave of you. Or foolhardy. Depending on how things turn out).
But I was actually wondering if there'd been any transactions between PIs, rather than with the company directly.
Agreed.
That licence application from Kemexon is a significant find, especially given their sizeable percentile holding, with potentially a lot more new paper to come their way in January, either courtesy of confetti needing to be used to pay back the £7m owed on the 2nd junior loan, or courtesy of whatever terms may get struck on the currently notably absent replacement global financing package.
I have to admit that the strongest thing (actually it's the only thing ever, but still, it's a strong one) indicating that this just might come to a positive resolution is that Amit has painted himself into a corner more than ever before... and if he doesn't deliver (for the first time ever) on this particular assurance, that'd be him eternally branded as the fraud that all available evidence to date has pointed towards him being.
I don't believe that any investment platform has yet received any comms of any kind from CTAG - and certainly no specific ones detailing how alleged funds will be dispensed and via which parties. However, I am sure that any investment platform that held CTAG shares as nominees on behalf of investors are by now fully aware of what has been alleged on the CTAG website... if only because they'll all have received numerous emails from PI holders.
Supposing this were genuine for a minute, I am not at all sure how those actually holding certificates would be dealt with, and especially if said certificates had been issued to holders by an investment platform (as some have), following CTAG's delisting all those years ago. Hopefully those investment platforms have still got the relevant records?
And if there's been any private trading between individuals of CTAG shares since delist? That strikes me as nigh on impossible to prove genuine ownership of any shares.
Someone clearly doesn't understand the meaning of the word "fact"...
The cheerleaders used to try to assure everyone that PF was a "safe pair of hands "... because he was "an insider with knowledge of the real value of Saltfleetby"...
...right up until he started to flog off hundreds of millions of shares.
Aberdeenman's back. Now where's my Abman bingo card?
As is abundantly clear to anyone with even the most cursory knowledge of the AIM market, the FCA sadly tolerates anything and everything.
...except I'd bet that HL has been snowed under by requests for info from CTAH holders they act as nominees for.
If nothing else, that will have alerted them as to the existence and nature of Amit's latest set of assurances.
Amusingly, you never fail to disappoint, BV.
Again the myth about being paid to post. Make up your mind.... I thought I was a green activist? Or a member of the Russian intelligence services? There have been so many bizarre assertions from you that it's hard to keep track.
As to "mug punters"? Looking at cold, hard facts (you know, those things you're violently allergic to and so would prefer to entirely ignore), I would suggest that anyone who has been dumb enough to buy into the endless assurances of jam tomorrow that you've been squeaking out at the top of your voice for months and months, could indeed fairly be called a "mug punter". The SP is (again) at a 52 week low, you know...
As to why it is at this level, those with a modicum of logic and rationality worked that out long ago. And explained why. With factual evidence.
But hey, you keep averaging down to your heart's content, there's a good little chap. I just hope there aren't too many who have bought into to your ramptastic nonsense over the last few years and who find themselves in the same unpleasant boat as you.
For the record, I don't wish for any genuine PI to lose money - and that inevitably even includes intellectually disadvantaged, playground insult-loving, disingenuous individuals with no manners, such as BV (that is, presuming he is genuine).
As the ANGS SP sits at a 52 week low (again), I'm simply commenting upon provable facts and reality, which remains stubbornly very different - in fact antithetical - from the rosy picture the likes of BV frantically try to convince others of, as they frantically wave their pompoms.
...for BV again today. Yet another stellar opportunity to average down.
Odins, foreign secretary. Hardly a man with a backbone (and as you say, one with a porcine tryst in his personal history).
But compared to either of those two sociopathic rabid harpies, absolutely yes.
Agreed it's good news that she's out (but bizarre that spaghetti-spined Call Me Dave got given the hat).
However, there's no way that I'd want the likes of Swella B and Pritti Patel (the Tory party's equivalent of Stalin and Pol Pot) anywhere near the reins of government.