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Why would they consult with CTEA? I don't understand why people seem to have CTEA as. company who are experts in their field. They are a 2 bit company with no proven track record. If they wanted expertise on blockchain they would go to someone like sovtech. They have clients like vodafone, nandos, deloitte and canon. CTEA don't even have the clients listed on their website anymore. Probably because most of them have ended their contracts (IMO)
Take a look at the NHS Covid-19 app and who worked on it.
"Accenture, Alan Turing Institute, NHS Digital, NHSx, Oxford University, VMware Pivotal Lab and Zuhlke Engineering. As the Government’s lead technical authority on cyber security, the National Cyber Security Centre has also supported in an advisory role."
These are all large companies who are probably considered experts in their field and have proven that they can operate a global business or they are subject matter experts from the finest education facilities this country has to offer. The government isn't going to be paying a company like CTEA for their opinion. IBM have a covid passport, don't they. Who would you go to? IBM or CTEA?
As for this being the bottom. The SP was 0.4p before they launched. Since then they have secured 0 contracts so for me this is not the bottom. If you factor in potential then maybe 1p. That's doubling the value before they created the app, so 0.6p for the possibility they might sign 1 or 2 small contracts. Currently, the company is valued 5x what it was before they took a few months to create a front end for their blockchain even though they have not managed to make any money off it in over a year. It's still very overvalued if you ask me.
And averaged down. GLA
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@agree CTEA not likely to be involved commercially, just maybe a consultancy fee or something. Get covid passports out of our heads people, I don't expect a UK Gov't golden ticket, if there is one that would be a great surprise. Hold, for the longer term, for a blip (and bail out) or for some other digital certification product launch that actually gains traction. Bottom draw for me now. IMHO.
BBC 5 Live reporting this morning that Michael Gove is expected to make an announcement later today on the details of the UK’s utilisation of a Covid Passport App - wishing everyone good fortune ahead!
Could it be another argo?
I have never stated its anything other than my opinion that CTEA aren't involved with the NHS app. But bearing in mind that CTEA have previously RNS'd literally anything that could be interpreted as good news i think its fair to say they would have mentioned being involved with the NHS app. Also, they're not listed on any recently awarded government contract (small or large).
Those 2 facts pretty much guarantee they aren't involved in my opinion.
Even without news I think the SP has bottomed and we may trade sideways or a tad higher from here. Its about time Guy updated shareholders where we are now with the tech. Deal or no deal?
What are we expecting tommorow?
Fuk the derampers. Sorry for bad language.
Earnings report due
So Mathew sold down below 3% on the 16th April with the selling this week I’d say he’s nearly out... this will bounce hard once he’s out! Golden cross on the charts as well.... ignore the derampers watch this go soon!
Struggling to open it on my phone, Spreadex reducing there holding is it ?
https://www.ii.co.uk/news/holdings-in-company-rnsLSE20210428181437_3958136
A hefty trade before the bell , always a good sign
To all the derampers who are using 'NHS App' to scare people to sell out, can you show me where it says CTEA have not been involved in developing the NHS App?
The government are using the NHS app as its cuddly , everyone likes the NHS right.
So they merge all the relevant tech under one banner.
I think our app will be part of it
Good post can’t disagree. Roll on next news.
I've felt for some time now that overseas operations, notably the JV for Synovate Global is the best opportunity this company has.
I still believe Catenae will have some involvement in the UK, but the offering with the JV is a very attractive one that I think governments and businesses will be interested in.
In other news, awful sentiment, derampers galore and the 'bad' news with the NHS app (although for most this would be no surprise as was never the expectation) all point to a potential bottom here. If any kind of a hold or bounce is mustered today, bullish divergences will be strongly in place up to 6hr chart. The last time we had those we bounced quickly above 4p. Potentially a short relief for another dump, but no doubt a welcome relief for investors and there's always the argument that if any contracts or positive news would propel this higher, it would be soon. My mid term target remains 15-17p.
GL, DYOR
Some interesting points and helpful perspective, I also enjoyed the lack of people ****ging each other off. Although that can fill the quiet gaps with some entertaining reading. Carry on all.
You will not get your answers here, it’s plain and simple about buyers, they buy where they potential!
NHS don’t deliver IT systems, they get consultant and contractors to do this...FACT
I think it's the latter MK. I can't see why any sensible investor would put more than £1k in this share unless it's someone like Alamo who just rides the waves of the constant pump and dumps in this share.
NHS/UK Govt is not the only customer on the planet...
I can see the logic in that statement but it doesn't answer my question. People are still investing here even though the NHS app has launched and looks likely to be used as a covid passport. The buyers today would only do so if there was a smidgen of confidence CTEA still have a product that they can sell. Or as others are suggesting here that they are purely waiting for the next spark of hope from Guy that sees the price jump momentarily and significantly enough for them to cash out.
Oh yea, CTEA has great experience delivering to millions of users, don't they? I could see why they'd get asked to help the NHS who currently have an app that is used by millions and has been relatively seamless to use (IMO). A company with 3-5 members of staff with no demonstratable experience or operating at scale are not going to be asked to support a nationwide rollout (IMO)