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Natham, i think you summed it up nicely. I notice that the mcap is still £4M so suspect the SP still has a bit further to fall...
The £1m pumped in - interesting to understand where the cash came from. It's a micro cap so very easy for threshold notification unless held in a nominee account.
CTEA's Covid-ID app is purposed so that individuals can upload their tests to an app to prove they are safe.
The problems with this is with the country in its third lockdown, people still needing to pay bills, and to work for their mental sanity, a large portion of the population has opted to either not download the NHS test and trace app, or shut it off altogether.
This coupled with the fact that you could always catch a newer strain of the virus after testing negative, it doesnt give a 100% accurate reading for the real life application of trying to prove you are covid free.
The sentiment in the market with phone apps for covid seems to have fallen off a cliff as neither Apple, Google, or the NHS have created a working digital passport.
Lastly it being on blockchain technology, this isnt a massive selling point. A two factor authentication which is freely available from google itself could provide the same level of GDPR compliant security.
And this is why I think CTEA have completely missed the mark, Guy Meyers has misold the capabilities of his product, and nobody with great enough sales acumen has managed to sell this to anybody. Matter of fact those that have opted in to use it is almost laughable and i would not have published such results, especially as they hadnt generated any revenue.
GLA hope this turns around, however outlook looking very very bleak.
This is the problem there is never any meat on the bones. As you say is the mobile company testing its staff or doing something else. The fact it only deserved a short one line lacking absolutely the tiniest of detail spoke volumes. And why didn’t it warrant a separate RNS. And 18 pharmacies. What does that mean. Is it one group of pharmacies comprising 18 in total or 18 separate ones comprising a lot more than the said 18. The detail is so sparse it’s like it’s deliberately designed to be that way because if you were given the full SP it probably wouldn’t amount to much. I can’t remember what year cliff edge guy, our oscar starring CEO passed out of RADA but in one of his recent performances I think he said the company was fully funded. Or was he talking about his and fartings bank accounts.
This is a strong buy with prices down here, 2.00 - 2.30p imo.
I appreciate holders being upset with the placing, but it has presented a great opportunity to those sitting on the fence, and a good opportunity for existing holders to average down imo.
The company is clearly growing, and this will continue to grow at pace imo. In the last 5 weeks the company has started to work with 18 pharmacies (confident this number will grow significantly) and a major U.K. mobile operator.
Is the major U.K. mobile operator using CTEA for testing their employees or are they connected to CTEA because of the Tech ? (The RNS does not give a definitive answer)
Do not underestimate how important and the value it adds to the company being awarded ISO 27001 & Cyber Essentials accreditation. ....... this will unlock doors.
Contracts, decent contracts, will soon follow imo.
I am of the opinion this will multibag from here in the next 2- 6 months. Double / treble your money within 6 months imo.
Buy, sell, remain sitting on the fence ........ your choice, but I bought back in today !
I think its increasingly accepted COVID is here to stay but between vaccines and tests etc, it'll need controlling.
A friend who had the vaccine a month ago (as in the medical profession) has just caught Covid. Covid isn't going away as an issue any time soon and as such we need solutions like Catenae going forward. I am a LTH and expect to make a good return in the LT.
This placing shouldn't have come as a surprise as looking at accounts, it was clear cash was running low. 2p placing price is the same as last year so likely to have a rise based on some news within 3-4 weeks. Stochs are oversold and RSI at 39. SP may fall to 1.8p before rising.
No sales, no revenue. Just false hope with occasional acting skills in interviews..
Yes that's fair comment.
Pretty sure a trade is being worked - sp is stuck and L2 not really making sense.
I think the problem is that it doesn't really seem to sell its' tech independently.
I did think that the JV would be a game changer. Access to tests and bolt on app sales seemed like a good move. For whatever reason it doesn't seem to have been working out. Surely if they actually had a sale to a major UK mobile network that would have been RNS'd?
Remember CTEA sells its tech independently of that JV with BHA, as it did with NPH and now a major UK mobile operator plus the other pharmacies. I suspect that lack of ISO accreditation has been a problem, but not any more.
Not so sure.
Quote from company :
'Albeit neither the Badminton England nor the Stone Bailey agreements will generate significant revenues for the Company, it provides a commercial endorsement for Synovate's offering.'
So not even enough to keep one light on?
Have the company ever explained how their charging structure will deliver revenues?
The company is burning cash with very little to show so far.
That needs to change fast.
GL.
I guess one or two on here think CTEA is providing its technology for free given they state the company isn't generating revenue. Idiotic.
RNS tells us more about to land.
Yeah right. And don't forget to do all your other IDs.
Done myself a big favour and filtered out DShox
Let me know if he says anything useful on here.......if ever.
All gonna change my multiple ID user bb troll friend. All gonna change Mitchyboy.
Very limited commercial value..you may remember guys podcast back in the summer..an avalanche of enquires and potentially very good leads
.
Well no podcasts since ..no contracts of any commercial value but ensures a nice placing to continue working capital injections...simply to pay the salaries..I hope I am wrong but do feel this is a bit of a dead duck
"+ major UK mobile operator client and others
+ ISO accreditation
+ clients across range of industries now deploying CTEAs platform, poised to add to client base"
DShox... and still no income.
+ major UK mobile operator client and others
+ ISO accreditation
+ clients across range of industries now deploying CTEAs platform, poised to add to client base
I see you like to tick yourself up with your many IDs to make yourself feel wanted :) How many you got on here?
Is it just me or is DShox a teenager that likes talking to himself for attention?
Please add some actual facts and substance to this board.
Failure to showcase any of the above, just stay quiet like a good boy.
...if you're CrizNathamMo hoping this went to 2p or less but now has to pay 2.3p for his £50 position. Cash coffers filled and contracts landing.
Look out for Afrik-ID - boom.
No you grow up.
Don't worry lil CrizNathamMo
You can buy now for more than I paid - then I can sell to you at 10p.
Good deal? I know you'll take it because you're a herd trader and like getting spiked ;)