Cloudbuy (#CBUY) - further £1m drawn down from loan note instrument
- 2016-12-02 00:46:01
UK 12:52 Sunday, 4 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
AIM-listed jam-tomorrow e-commerce platform provider Cloudbuy (CBUY) has announced another contract this morning. No financials were provided and we are told that the contract is “not expected to change market expectations”, yet the release was a full RNS.
Following on from the release of its FY15 numbers two days ahead of the reporting deadline, AIM-listed e-commerce technology operator Cloudbuy has put out its interims to June in rather more expeditious fashion. Having previously noted the jam-tomorrow qualities to be had, is there any sign of the lorry-load of conserve on the horizon?
Shares in AIM-listed Cloudbuy (CBUY) are off by 7% on publication of results for calendar 2015. They make dreadful reading.
I have been very critical of AIM-listed Cloudbuy (CBUY) of late, but in fairness there is much to praise after the company published on its website all the documentation in relation to the funding package announced with Mr Sella on 24 March 2016. It is a model of transparency, and the answers to my questions (HERE) are all to be found. The paperwork is HERE. Other AIM-listed companies should take note.
I had a few questions about the funding package which out-of-cash AIM-listed Cloudbuy announced on 31 March. The reward-for-failure options re-pricing already stuck in the throat (see HERE) but the GM circular really takes the biscuit.
Looking through the lengthy RNS from AIM-listed Cloudbuy (CBUY) of last Thursday afternoon a few things caught my eye. I have already discussed the refinancing (HERE) and the repricing of director share options (HERE) but there is plenty more to look at. Here we consider the trading update, corporate governance and a few other matters.
I have already taken a look at the kitchen sink RNS of Thursday afternoon, issued by AIM-listed Cloudbuy (CBUY) an hour before the city packed up for Easter, with regard to re-priced options and concluded that we were looking at a reward for failure. There is much more to discuss from that RNS and here we look at the bailout refinancing which is proposed.
Thursday afternoon saw a packed RNS released by beleaguered AIM-listed Cloudbuy (CBUY) detailing all manner of news – far too much to cover in one article. I suppose that you can’t quite describe 3.32pm as no-one-is-watching o’clock, although it was less than an hour before the city knocked off for the Easter recess and one might imagine that most were packing their bags by then. Let’s start with the options.
Featuring shares in Cloudbuy (CBUY), Independent Oil & Gas (IOG), Legendary Investments (LEG), Pantheon Resources (PANR) and Rurelec (RUR) with share price targets for all five stocks
If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at shares of Cloudbuy, Forbidden Technologies, Great Western Mining and offer some share price targets.
Reading through the Interims statement issued by AIM-listed (and now unsuspended after the formal appointment of Arden as the new Nomad) Cloudbuy (CBUY) a statement about the Australian operations caught my eye. The interims were released in mid-September, but refer to difficulties (and likelihood of termination) with the Aussie operations. But we have found evidence which suggests that this may have been well known to the company all the way back in early June. Is this why the former Nomad, Westhouse, resigned?
Our understanding of the small print of the ‘loan’ packages between AIM company directors and Equities First Holdings LLC (EFH) is that there are clauses which would trigger a default in certain circumstances. These include non-payment of interest, failing to meet margin call payments and a suspension of trading for more than three days of the stock which has been handed over to EFH. AIM-listed Cloudbuy (CBUY) has been suspended since last Thursday, when the (now ex-) Nomad resigned with immediate effect. The suspension has just entered day four.
We gather that the Chairman of AIM-listed Cloudbuy (CBUY) has made a few new friends on LinkedIn – much needed after Westhouse Securities’ summary resignation as Nomad and Broker yesterday. Things are looking up, for Mr Duncan has picked up three amigos via LinkedIn who are at Arden. Our money is on this being the new Nomad and Broker.
A difficult few days, I fancy, over at Cloudbuy Towers. Last week Chairman Ronald Duncan had a margin call from Equities First Holdings LLC (EFH) which prompted an RNS stating that Mr Duncan would settle in cash. Then on Wednesday of this week came an after-hours RNS stating that the Interims had been delayed. This morning AIM-listed Cloudbuy (CBUY) finally released those interims (which were not all that pretty) and then promptly followed up with the announcement that the Nomad had quit with immediate effect. Consequently the shares are now suspended. This has implications for Mr Duncan’s EFH package. It is hard to know where to start!
