Polymol Biswas

Just a regular guy.

[Polymol Biswas @PolymolBiswas]

@GrumpyOldShares @LP36428460 @TomWinnifrith I would rather take the money from Cloudtag especially given that I have no certainty that anything I say will materially change the situation for investors who are already out of pocket

[Polymol Biswas @PolymolBiswas]

@LP36428460 @TomWinnifrith I'm afraid I'm not going to state that at this time - but I can tell you that I was a contractor who has not been paid and have a beef with the company. I've been told many lies and have been given many false promises. Strikes me the same applies to everyone else involved!

[Polymol Biswas @PolymolBiswas]

Do you ever find yourself in that uncomfortable situation when your cleaner is at your house and you need to go?

[Polymol Biswas @PolymolBiswas]

I haven't given @TomWinnifrith his dues - he was the first to call out #ctag for the disgrace that it is and in that sense showed remarkable foresight. I realise that may not be a popular opinion among those who still believe, but from someone who worked there, he nailed it.

[Polymol Biswas @PolymolBiswas]

This, on the LSE chatroom is a good comment: "I keep a nostalgic eye on #ctag, because IMV it is the perfect specimen of, and object lesson in, how the unwary can get hustled to hell and back on AIM - both by a company, and by a few 'caring, expert and altruistic fellow PIs'."

[Polymol Biswas @PolymolBiswas]

After looking through #ctag accounts it is clear that even with the recoverable tax due to them the company is effectively insolvent.

[Polymol Biswas @PolymolBiswas]

I have been told that #ctag have been promised recoverable corporation tax by HMRC and this seems to back this up... https://t.co/XBTYI8FDlu

[Martin Willock @MartinWillock]

https://t.co/xxpI66W7Lo

[Polymol Biswas @PolymolBiswas]

@mooblegoose @TomWinnifrith I don't know much about Tom Winnifrith, but allegations of fraud on a platform that is seen by lots of investors would rattle many people. And I certainly wouldn't trust ABH one inch.

[Polymol Biswas @PolymolBiswas]

@mooblegoose @TomWinnifrith I worked there and if you are an investor I feel bad for you - it is a terrible, untrustworthy company. I am still owed money from them after a year of trying to recover it.

[Polymol Biswas @PolymolBiswas]

#ctag @OnitorHealth

https://t.co/8ZuylimYrv

[Polymol Biswas @PolymolBiswas]

@260Marathon @OnitorHealth I do know - it wasn't ready. And the point is that nobody should trust this incompetent and fundamentally dishonest company, even if there is "good news" about its future.

[Guardian Opinion @guardianopinion]

The tyranny of algorithms is part of our lives: soon they could rate everything we do | John Harris https://t.co/Oh3SRa5xI1

[Polymol Biswas @PolymolBiswas]

Internally #ctag was extremely rattled by @TomWinnifrith as, without products, his allegations of fraud were difficult to refute.

[Polymol Biswas @PolymolBiswas]

When #ctag went to CES in Jan17 it claimed that its #onitortrack was a fully ready production version. The company may have hoped that this was the case, but everybody close to the product new that it was nowhere near ready. In my view the company was not wholly honest about this

[Polymol Biswas @PolymolBiswas]

There were some brilliant people at #ctag in early 2017 but they never had enough time for their ideas to take root. The damage had already been done and they spent much of the time trying to persuade the clueless CEO of the need for much more rigour and integrity.

[Polymol Biswas @PolymolBiswas]

A lot of hard work followed to try and rescue the company from the mess it found itself in, but really it was too little too late and by April 2017 #ctag was essentially a company in name only.

[Polymol Biswas @PolymolBiswas]

I don't think there was a conscious process of defrauding taking place at #ctag but when a new management team was put in place in late 2016 they soon realised that the product was absolutely not ready for market.

[Polymol Biswas @PolymolBiswas]

Of course investors want to jump on opportunities before they become entirely tangible, but as #ctag has shown this makes it easy for narrative plus sentiment to outweigh objectivity.

[Polymol Biswas @PolymolBiswas]

Many contractors and ex members of staff remain unpaid a year after #ctag was delisted from AIM. But the real problem has been the almost complete lack of communication to these creditors which is emblematic of a wider culture of arrogance.

[Polymol Biswas @PolymolBiswas]

This is one of the reasons why #ctag went to CES last year with a half-baked product that had poorly performing hardware and a laughable app. If it weren't for the largely sycophantic tech press and gullible investors the company would have been found out much earlier.