Friday 2nd February will go down as a great trading day for Cloudbuy. The market, impressed by the continual positive updates on the company, rushed in, snapping up shares like there was no tomorrow. Could this finally be the big lift shareholders had hoped for? Screens lit up, traders shouted across busy floors, excitement built, bucket loads of coffee was consumed and when it had all died down the days trades were frantically calculated - a total of £6......
Not sure. Don't think it's the P'n'D Brigade; that would normally be accompanied by a lot of posts on the bb whereas the bb is a relative desert at the moment.
So, unless the P'n'D Brigade have migrated to some other medium where PIs are congregating these days, not sure what caused the price spike on Friday (at one point the share price actually touched 8.61p before falling back).
Has it been mentioned in any of the penny dreadfuls?
Could I possibly have been any more accurate on the timing.
The final throw of the dice by the board.
Dear Shareholders who have stuck with this company through thick and thin and seen their investment in it repeatedly diluted. Your Board have agreed that if they can't turn it to profit in the time the £3.4m runs out that they will give 89% of your company away.
Given that they have never made a profit since coming to market all those years ago, I can't see it surviving.
Just how many times can a company refinance stating that they think that is sufficient to reach profitability and then doing it again and again.
"previous events have impacted the share price " do you mean by previous events, the 12 years of losses since going public? Or the broken promises? Or the misguided management? Or the massive losses of shareholders cash?
Looking at the volumes recently I can't see any evidence of a buyer.
A year ago Ronald stated that there was to be a Saudi partner, this was at the time that they agreed the borrowing from Roberto Sella and the Saudi partner has never been mentioned since. In December they drew down £1 million and that has run out and now they have drawn down the final £1.5 m which might last them 5 months, with nothing after that.
My only doubt on this is what was the motivation of Roberto to kiss goodbye to £5 m, what does he know that we don't. My guess at the moment is that they are probably frantically trying to find a buyer for the business, before the cash runs out.
With Padamsters change in attitude, be warned my opinion is they are on the verge of disappearing, leaving you all with nothing.
theres a risk in any stock. I believe they have gone through the worst and now building revenues and the results hopefully will show. The key would be to understand the financing situation which I am sure will be revealed soon.
I can't quite believe that none of you have commented on the results issued in March. Since 2011 revenues have dropped by 27%, despite every year he Board telling you that the massive growth is just around the corner.
Last year they lost another £4 million, that's a staggering £340,000 a month. Remember that's £4 million of other people's money. However at long last after all these years finally in the statement Ronald admits he has got things majorly wrong. In any other company that has squandered so much cash over the years and then to admit it got it wrong the main man's head would roll, but no not here.
I just can't understand it and I can't understand why any shareholder has kept faith in this company and this man.
Looking at its prospects, they admit that some customers have cancelled contracts, doesn't that just prove that the platform doesn't produce the savings that the company has always promised. If it did make savings why on earth would a customer cancel. And what about new prospects, would you implement a solution that clearly hasn't worked in the last 10 years.
I am no expert and had errors of judgement on other shares (OCT in particular) but why would anyone invest in a company that for over 10 years has lost money consistently and promised so much and delivered nothing.
Even with revenue of £1.7 m, they neglect to be clear that nearly 40% of these revenues come from their old legacy Company Formation business, which you find deep in their accounts. So the iCloud business that so many people have pored so much money into has revenues in 2015 of just over £1 m, very sad.
I too have been watching this share, but expect some hefty selling soon. Taking a profit is tempting to certain investors. I need to see some positive update from Ronald Duncan to re-invest. Viewing the graph, the trend, unfortunately looks to be still downwards.
Precisely the kind of turnaround I was referring to....not necessarily a turnaround in the company's performance, but a turnaround in the share price. All about guessing when to get in and get out. Probably just manipulation.....it's a mugs game. On my 45p investment I'm way down, on my last buy and sell got double money, small change compared to the 45p investment, but gaining back some slowly. All luck though, no communication to give any positive news. I'm babbling on so signing out!
Been in this from 45p.....believed all the hype back then, not so much anymore! Difficult to keep chucking money at this, but then can't help but think I may miss the big turnaround. Usual investor dilemma.
Not a chance of apologising. You are behaving as this company has gone bust. Patience is required when investing and sometimes can take many many years for a company's share price to move north from my experience as I have been investing over 25 years.
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