Cloudbreak Discovery (#CDL) – £0.6m placing at 0.475p per share

Cloudbreak Discovery (#CDL) – raises £0.3m at 0.25p per share and “concluded negotiations to sell its US assets” for £0.1m

Cloudbreak Discovery – What A Shambles

Formerly sub-Standard-listed, now “transition” category Cloudbreak Discovery (CDL) was a shambles from the start and I have been a growling bear ever since this nonsense listed. In November, under new-(ish) management, the shares were suspended at 0.15p. It listed in 2021 at 3p so my bearish growls were bang on the money. Or lack of it.

Cloudbreak Discovery (#CDL) – November-announced settlement agreements with certain former management “have now concluded in full”

Cloudbreak Discovery – FY Results From Sub-Standard Corporate Shit-Show whose CEO should be in jail

Sub-Standard listed Cloudbreak Discovery (CDL) released its results for the year to 30th June 2023 this morning. The release was partial (no auditor’s report), the Annual Report is yet to appear on the company’s website and it needs cash. What is clear that this is a corporate shit-show: having been on the market for just two years it has spunked £12 million in retained losses and the stated net asset value is just £2 million – and it gets worse….

Cloudbreak Discovery – the CEO is Andrew Male: you cannot be serious?

Today Cloudbreak Discover (CDL) announced a new keep the lights on death spiral. In looking at this I saw that the (interim, following a sudden resignation last month) CEO is Andrew Male. That name rings a bell? Andrew Male, what the f**k is financial adviser Novum thinking? As John McEnroe used to scream “you cannot be serious?”

Cloudbreak Discovery – New All-Time Low With Just More Pain To Come. Still A Sell

I have been a bear of sub-Standard-listed Cloudbreak Discovery (CDL) since it floated in June 2021 as Imperial X as it rushed to join the market before it had even changed its name, at 3p. The shares closed on Friday at a now low-point of just 0.625p so the shares are already down by some 79% in less than two years – and there is more pain to come. I said at the time it was an accident waiting to happen……

Cloudbreak Discovery – Another Round Of Death Spiral: Look At The Chart!

I warned in June of last year, when Cloudbreak DIscovery (CDL) joined the sub-Standard List (then as Imperial X) that a £10 million death spiral facility would be trouble for the then (at IPO) £11.7 million capitalised company, with the shares at 3p.

EXPOSE: Cloudbreak Discovery – Another Round Of Death Spiral, But When Was The Call?

Death spirals have been a hot topic of conversation here on ShareProphets, the issue being whether they decimate share prices and are thus a major Red Flag.  Tom pointed out here that there is no causal link but with Cloudbreak Discovery (CDL) of the sub-Standard List, there seems to be another issue.

Cloudbreak Discovery – Well Surprise, Surprise, Says Mystic Meg

On 26^th August – just last Tuesday – I wondered whether another tranche of Death Spiral funding had been drawn by sub-Standard-Listed Cloudbreak Discovery (CDL). After all, the shares had just dropped to 1.425p per share and had been dropping fast. Well surprise, surprise, says Mystic Meg…..blow me down with a feather!

Cloudbreak Discovery – Is There Another Death Spiral Tranche In The Offing As Shares Continue To Collapse?

Sub-Standard-Listed Cloudbreak Discovery (CDL) shares have had an eventful existence since IPO in June last year. Listed at 3p, the stock collapsed down to around 1.4p within six months before an unusual series of boardroom trades ramped the shares up as high as 13.25p in March – when the company got a smash’n’grab placing away at 7.5p. Now they are down at just 1.425p: what on earth is going on?

Cloudbreak Discovery – Funding Deal: Good For Management, Not Necessarily For Shareholders

Sub-Standard-Listed Cloudbreak Discovery (CDL) has announced an interesting looking deal to fund Iron Forge Holdings (III) Ltd (IF3) with a $1.5 million loan on seemingly advantageous terms. Interesting looking until one considers where the $1.5 million is coming from!

Cloudbreak Discovery: Shameful options and warrants slipped out

Having watched (sub)-Standard listed Cloudbreak Discovery (CDL) get a smash-and-grab placing away at 7.5p per share (a 20% discount to the prevailing price) back in March on the back of some “interesting” boardroom buying, I confidently predicted that the stock would slump back to the IPO price of 3p before too long. Well, it has done worse than that, now sitting not so far away from the all-time low, at 1.775p. And today comes news of a stack of options and warrants in a midday RNS entitled “Amendment to the Stateline Option Agreement”. Except that as far as I can make out, the meat was the issue of the best part of 10 million options and warrants to directors, PMDRs, other members of staff and consultants. Oh, and don’t forget the death spiral!

Sub-Standard Listed Cloudbreak Discovery – As Predicted…..

I cannot help but notice that sub-Standard-Listed Cloudbreak Discovery (CDL) is back below its IPO price of 3p, at 2.8p in the middle. Call me Mystic Meg – for having sailed up as high as 13.25p on a ridiculous ramp, I commented in April that the shares have since drifted down to just 4.6p and seem set to drop back below the IPO price in due course. Where’s my Ouzo?

Falling Back To Earth as Gravity Asserts: Barkby, Cloudbreak and URU

I cannot help but notice that a good many of the shares of which I am a bear are dropping at the moment. With some, it is a case of the ramptastic froth being blown away. With others, it is surely a case of gravity asserting itself.

Cloudbreak Discovery – Late Sub-Standard Interims On The Sub-Standard List

Standard-listed Cloudbreak Discovery (CDL) has announced its Interims to 31 December 2021 this morning, the 4^th of April. If you think that is a tad late, you would be right, for the deadline was last Thursday – three months after period end – and as far as I know the shares should therefore have been suspended. But the Standard List is regulated (no sniggering at the back….) by the FCA. As for the numbers, they are a horror show for anyone who can use a calculator.

Sub-Standard Cloudbreak Discovery: Smash’n’Grab Placing at 20% Discount

It was announced intra-day yesterday that sub-Standard Listed Cloudbreak Discovery (CDL) had raised £1.5 million (before expenses) in discounted placing at 7.5p a pop. This follows the miraculous rise of the shares which started ahead of the announcement of boardroom buying, which saw the shares rocket from around 1.75p to as high as over 13p yesterday, just before the announcement.

Cloudbreak Discovery – The Market Has Gone MAD: SELL

Just two weeks ago shares in sub-Standard-Listed Cloudbreak Discovery (CDL) were marooned at just 1.75p a pop – a hefty loss on the IPO price of 3p last June . Then they started rising and rising. A few days later it was announced that CEO Kyler Hardy had bought a stack of shares at 3p and sold some at 1.7p. Needless to say, there is no possibility of insider dealing……but now the shares have motored on up to 12p. What’s going on?

Sub-Standard Listed Cloudbreak Discovery – No Insider Trading As Shares Double; Move Along Please, Nothing To See Here

On Tuesday shares in sub-Standard-Listed Cloudbreak Discovery (CDL) were languishing at around 1.8p – a whopping 30% loss on the IPO price last June. But then they started to rise and rise…….and rise some more, closing yesterday at 3.85p in the middle. They had more than doubled in the spae of just four days. So what was the earth-shattering news? A massive gold discovery? A takeover? Er, no……

Cloudbreak Discovery – Massive Red Flag As FY Results Are Released……Or Are They?

Sub-Standard-Listed Cloudbreak Discovery (CDL) added yet more Red Flags to its profile this morning on the release of an RNS at 7a this morning entitled “Final Results for the Year Ended 30 June 2021”. Just for a start, releasing FY numbers during no-one-is-watching week as investors are away from their desks between Christmas and New Year is an automatic Red Flag. But the RNS did not contain the results – only a management summary, telling the reader that “A full copy of the results is available on the company website”. Except at 7.30am this morning, that was not the case.