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CTEA have RNS'd literally anything that could be taken as a positive. Contracts worth nothing and free trials. I think its a very fair assumption that if they had a single penny from Afrikid, synovate etc.. they would be shouting it from the rooftops. Therefore, the income is known.
I'm afraid income for ctea is known. Every rns over the last year about potential customers and trials has come with the rider that none of it represents any income at all . As for the trials like afika we've never had any updates on any of them and that particular one is a year old. The latest being the well known fortune 500 company.
What about running out of money can happen ... now? I do not believe it! Since the end of the year, more capital has been raised. As of the date of this announcement (March 29), the Company's net cash position is around £ 1.2 million. It should also be remembered that it continues to work with AfrikID (it can be seen on the Afrik website) and then we must also take into account Synovate together with BHA Medical, the work with NPH ... that income is not known but even if it is not so large everything adds up. So the placement may exist but I don't think so in the short term.
I know the article is old but the relationship can continue to exist even more now with catenae in the game
Very old article, and some if the numbers show that!!
Cesp,
You don't post often but when you do its interesting stuff.
I don't think anyone is saying the placing is to pay for the purchase of guys mates company. Just that the purchase of hyper-meh along with all their bills and no income, means they must be running out of cash soon.
The Cash Consideration will be satisfied from Catenae's existing cash resources. The Equity Consideration will be satisfied by the issue of new ordinary shares on or around 28 February 2022 at the volume weighted average price of the Company's shares during the previous 10 trading days.
Three weeks from the news of the purchase of the company.
They could have already announced the placing.
https://www.ft.com/content/14aedd1f-3f8d-4743-8eda-f40b3db3149c
Lol with ctea it’s pretty much same odds winning any contract!. You will find better Colege projects than the products ctea offer!
Me too woody, I'm not going to lose money.
Have a nice weekend pal.
100/1 Catenae
Even money Excalibur Healthcare Services
Rubbish.
Going long and strong on my position.
Good weekend all.
And the drop begins!
I’m almost certain there will be placing soon @1.5p or well May be at 1p.
Many are running out of patience which I totally understand. I suggest switching off and giving it until the end of may I’ll be doing just that as really nothing further to add from me - shenners 10th May
LOL, He cant listen to his own advice, so ignore
No one is offering short positions on CTEA.
Shorting are we. Don't get caught out. From being so bullish in earlier posts you certainly have changed your tune.
As holders continue to sell off in anticipation of possible placing
I do hope so
This is classic pump and dump with this stock. It wouldn't surprise me if this ramps all the way up to 3-4p and guess what?
Should ring your broker, IG still offer £10k for 1.99 10+ for 2.05!