Today we publish our first post on #Cliqdigital
We look at the business of its only US subsidiary Netacy Inc. which we believe to be unknown to most and completely unrelated to the business promoted to investors. Find the full text here
mephisto.substack.com/p/cliq Simultaneously to the formation of Netacy in 2018, CLIQ announced the acquisition of marketing concepts from Hippo Investments LLC. This entity holds trademarks used on various websites targeting people in financial hardship on the search for help, now likely operated by CLIQ.

Short nugget on #Cliq Digital: How much of its 2020 revenue is derived from charging (sometimes unaware) people for “premium subscriptions”?
The annual report lists 5 UK subsidiaries with total 2020 revenue of EUR 27.8m. This equals approx. 25% of Cliq’s total 2020 revenues. All these subsidiaries have the same registered address (6 Langdale Ct, Witney OX28 6FG). Located above a dry cleaner, they share the address with an accounting firm: bronsens.co.uk
The UK registry lists >24 thousand companies registered here: …te.company-information.service.gov.uk/search/compani…

#NorthernData is quite talkative about its acquisitions. Yet, one acquisition of a related party it did not tell investors is the one of Swiss Hashtrend AG in 2020. A 🧵, respective sources numbered in brackets. Founded in 2018, Hashtrend (HT) was a crypto-mining venture led by Northern Data’s (ND) current CEO and CTO [1]. HT held a 20% stake in Whinstone at the time it merged with ND in early 2020 through which it became a material shareholder in ND, owning more than 700k shares.[2]