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Cloudbuy – more borrowing from Sella as alternative to insolvency: SELL

By Nigel Somerville, the Deputy Sheriff of AIM | Friday 8 December 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.


As predicted HERE, AIM-listed Cloudbuy (CBUY) has again run out of cash and proposes to take further loans from white knight Roberto Sella to keep the lights on. Obviously the company wants all of its shareholders to approve the proposed deal – why is why it has called an EGM for 27 December. I’m sure all shareholders will want to break off from Christmas celebrations to attend. Not!


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