It is an open secret in the City that Cairn Financial will, at some stage, cease to act as Nomad for Cloudtag (CTAG). And given that the AIM listed company has lied to investors on a serial basis and also committed securities fraud no other Nomad will take this account on. As such, when Cairn quits, the shares will be suspended and a month later booted off AIM. That will preclude any more fund raisings and so will mean shareholders lose everything as the company goes bust. This situation is unfair on investors and so I have written to Cairn. That is because I am just a nice guy.
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