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2 Factors:
1) Governments (plural), need a way to alert, store, and track the virus
2) businesses need to know who has it to protect staff and customers but also to make sure they can get as many people into a defined space to maximize profits
In the interview Guy clearly states that the medical industry (NHS in the UK), needs to be apart of the process.
The way it could be potentially done is the app is a medical passport but on the phone.
This lets businesses know if someone wants to get into a place the risk factors involved, which at the moment they do not have, alongside the UK gov guideline of storing visitors' details the app can double as a visit checker.
Also means if some people have been in a place an outbreak occurs then an easy alert can be sent to all the people that have been to that place in a time frame.
the government and end-users (consumers) do not pay, but businesses have to pay on a subscription model, maybe per location so that they can use the app as a way to record visitor details and be GDPR compliant.
if you take a cinema chain, hotel chain, and big pub chain that could equal thousands of locations.
also include universities that are desperate to get students on campus as many people are thinking of scrapping uni this year which could sink a lot of places with lost revenue.
You only need 1 or 2 big chains to sign up and most of the UK will fall in line as it will be seen as a way to finally take the virus into the known realm and assist with getting life and the economy moving again.
Strongly recommend the above post!
I admit, I only invested here because of the COV-ID application and have questioned the revenue factor a couple of times. Especially during the 1.5p days. But having watched the above video (not sure how I missed previously, but thank you @Weatheegeek for providing), I feel a lot more confident in my investment. Not just in the COV-ID App, but also in the whole blockchain technology that this company is able to provide
You only have to google blockchain to realise what potential and growth it has. Globally It’s expected growth is 67% Per Year! Over the next 5 years! That is a substantial amount
(https://www.marketsandmarkets.com/Market-Reports/blockchain-technology-market-90100890.html)
Going back to revenue, even if CTEA charged a reduced transaction fee of say 5p compared to the 50p as mentioned With the global interest this company has, this would produce 10’s of millions of revenue easily! And that’s just from the COV-ID App, let alone the other applications that have been realised this week.
Safe to say, I am very much looking forward to next week and more news!
Can easily share price climb to over 10p this week.
That is the unknown Jco, the general consensus seems to be that Guy will want to continue the momentum by releasing some sales news this week, from his recent interviews I would say this week is very likely!
Just wondering from what people have read/seen if we are meant to receive any more news this week? Thanks
(This is non cov-ID business)
Taken from https://catenaeinnovation.com/news/catenae-present-at-the-investor-forum/
How do we make money? Watch link below.
https://youtu.be/Fxw7-AYvgFw?t=833
Case in point.. One product "Fire doors"
3 & 7 Million a year fitted..
£50K Licensing Fee to install system and app.
Transactional fee of 50p per door test.
Tested twice a year..
60% Fail
So potential for £3m PA in revenue.
Only one product with regs.
Plenty more, Lifts, fire protection equip, asbestos, Landlord reports etc.
Reason for customers to take it up... Risk mitigation
Grenfell Towers contractors can't prove they did the work. If they had and were using "On Site" there would be no liabilities for them.
DYOR people and ignore the Bashers.
GLA
It is bizarre that's for sure, even though they are talking nonsense, it does becoming annoying after a while as their posts just get in the way of genuine investors posts so in the end I just filtered them, anymore that show up Monday or next week I will just filter also, you know new ones will pop up as they just start new accounts, basically the more this sp keeps going up, the more of them that will show up but even they will give up once the sp goes beyond the 25/30p + range so the sooner we get there the better!
Agreed!
They only ever turn up on the good shares so with them posting it’s like a guarantee or a warranty! Loving this share as it just keeps giving!
Don’t know about any other investors but I tend not to populate and spam a board with negativity in a share that I’m not invested in...like most other genuine investors. So I find it odd we have endless posts from the doom mongers telling us all how bad our investments are. Shout out to those nugget munchers... you know who you are - McDonalds drive through is open - go after that extra portion of fries, treat yourself it’s Saturday guys.. one more post and I’m sure you’ll rally enough up to get em!
IMHO DYOR GLA
What I like about this share is that the board are always issuing Rns`s which mostly improve the price and brings this to others attention and makes it exciting to be a holder. I`m also in ODX whose PR is a disaster even though they seem to be far along with their antibody testing, hence the sp is`nt what it should be there. I would be surprised if somebody cleared out the the stationery cupboard here and saved a few quid that they wouldnt announce it which is all good really!
Hows it going Jonesy me old mucker. Given the promised donation to the NHS yet? We are still waiting for you Choo Choo! £10.00 for CTEA this week or next? Don't think that AVCT has reached the £50.00 mark quite yet but I could be wrong of course. Maybe next week eh? And you actually have the gall to post on a Ramping/Deramping board. Toodle Pip sunshine and I trust you get everything that's coming your way.
Yes Wweathergeek, I agree with everything you can say, the momentum will continue here as long as sales agreements come within the next couple of weeks which from listening to Guys recent interviews seems likely next week.
Government really need to research UK based companies further. They were buying dodgy Chinese test when NCYT were selling 99% accurate ones to the world. I do hope to hear a UK contract announcement from CTEA soon..
Considering the price more than doubled this week, the ramping was a lot more truthful by some, than the de ramping by others. Looks like Clown strife was banned. Talking utter rubbish and completely ruining discussion on what is a big growth story. May well drop next week if news slows but I can't see it myself. So much interest and stake building. Plenty in the know..know.
Yes I agree, to be fair every interview that I have seen with Guy he has said himself that it's all about the sales so he knows himself that the only thing that is going to take the sp here into the 50-£1 + range is sales and big sales at that, he seems very excited with regards to the ongoing negotiations that are currently taking place so I am expecting some big sales news next week which dependant on the scale of the sales will dictate how high the sp goes here over the next few weeks. All very exciting here moving forward for the rest of this year and like you say 50 % of shares being held tightly for the long term so if the MM's want the remaining 50 % they are going to have to raise the price significantly from here.
I would possibly top slice a few at £1, not many though as my ultimate selling price here is £4.38 which obviously will mean we need to secure many sales of the COVID ID App to get to that price but am confident that it is possible, of course the other way to get to that sort of sp is a T/O which can't be ruled out here either the way the company is now progressing!
Anyway, hopefully plenty of new flow next week!
Yes James I agree can’t see it going up much until news on Covid app with users.
As for the rns yesterday, that was based more on the existing idea which I think is a useful concept, however it’s the Covid use that has the potential for larger gains.
Be interesting to see what happens with more TR1s though as that could bring it up slowly. Interestingly reading through large share holdings, it seems more that 50 % are held by only a few, one being a holding of just under the 30% cap. Therefore can’t be that many in free float of positive news lands.
All the price rise so far is based on expectations and potential sales.
Having the app's (now 3 release and running in the past week! ) is great as this is portfolio building and multiple market adoption.
Ye, true what alot have said, that sales are the key thing and getting revenue, however good investing is getting into a share before it pops with revenue news.
As such it can be seen as good to be in now at this price point, with market cap only £14M, if potential sales equal £100m that could push the SP to 50p, which is a growth of about 600%
Yes, 15p + would be nice to see next week, will depend of what sales/agreements are released for our COVID ID app next week, how high the sp climbs next week!
Oh I just noticed what the subject was and wrote that! Not trying to do either.
The biggest mistake I made was on Monday I sold 343,268 share at 2.855 ahhhhhh but I bought 142118 again! I would have and should have been right up again!! Just home this rises! Anything over 15p would be amazing for me so fingers crossed for everyone.
Always ignore the noise and research for your selves. Does amuse me all the nay sayers it was the same on Ncyt, Eua etc this company has performed badly no denying that but its about the future here new management, tech already established and how it can help with identity and status. Another that might do well is Dish sometimes you have to think outside the box.
I personally couldn’t care less what predictions these bb state.
However do find them useful to share information and chat through potential.
in my opinium you should dyor i dont listen to the bullsh*t but sometimes people come up with decent arguments and you get to see links people have found. i have been on board at 2.4 so i have alot of confidence in this company.