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Finally, some sanity. I’m a LTH but it’s hard to feel optimistic here. Might get to break even on a pump and dump. I’m not panic selling and live in (vein) hope contrary to all evidence so far, but I can’t act like a blind cultist on this share.
"So just to be clear then the product was originally a test and trace product but now it's a vaccine tracing product ? Or does it do both ?"
It probably has potential to do both, but CTEA have not said that its use as a vaccine passport is being trialled with anyone. All they have reported are trials of its testing verification app (not test AND trace) - of which CTEA has not at any time updated on the results of those trials.
Does anyone realistically think any government or large company is going to give a contract to a totally untested vaccine passport app - an app that CTEA cannot provide conclusive proof as to whether theirs actually works at the high number of users level a decent sized contract would need it to work at? Plus award it to a company with no income, no track record, no offices, no verifiable employees, and which is late filing their statutory accounts?
I'm as puzzled as you, biglad. I just do not understand the optimism here. As mentioned, no track record of selling anything to anyone ("no material revenues" as per a recent RNS). Several "free" trials of a Covid test results app (not a test/trace and not a vaccine app) that have never been updated as regards trial results and have not resulted in any contracts. Plus are late in filing their annual accounts, are are issuing warrants all over the place that dilutes private shareholders more and more.
As for the claims I have read that they are being consulted by the government, and even that they are part of some government committee on a vaccine app. All CTEA have ever said was that they responded to a government open participation process on the future use of Digital ID. Any of us could could have submitted an email or written contribution to the government as it was an open invitation for anyone to submit contributions. Plus it had nothing to do with any type of Covid app anyway. It was about Digital ID, which is years away from ever being seriously considered in the UK. Remember the UK opposition to ID cards?
Just do your own research rather than go by some of the exaggerated optimism on this board. There are several apps available that are already being live tested or actually in use in large numbers for both domestic vaccine apps and international travel vaccine apps. Plus remember that every country or airline that has got as far as asking for vaccine or testing proof is also accepting paper versions, as it would be discrimination to only accept a mobile app.
I'm not criticising anyone's decision to invest as most realise it is a pure gamble. You can still make money as it gets pumped and dumped regularly. Just don't hold and hold thinking it will multibag. That Badminton UK contract is most likely as good as it will get long term.
So just to be clear then the product was originally a test and trace product but now it's a vaccine tra cing product ? Or does it do both ?
You've just confirmed what I said, it had NO relevance at the time and was therefore not a good product to invest in, now it does and is, I was in it before until I realised test and trace was never going to work so got out with a little profit. This is now a different business proposition and has much greater relevance. Back in and looking forward to the end of the month. I think you're misunderstanding my point. The product was originally aimed at T&T etc, But has a much bigger and better opportunity present itself. As for research this company takes no more than ten minutes to read the last 3 yrs RNS as most are price monitoring, website another ten. Chill out a bit.
That's not true the app was original ly designed to follow the testing results of an individual. Not whether they had been vaccinated or not. Indeed if what you say was true our CEO could not have said there was loads of interest as a vaccine hadn't even been discovered. You need to research your facts.
Post vaccine, that's the only time this product could and would be applicable, it had no relevance until a number of vaccines were rolled out, the previous year has no bearing as there wasn't a vaccine allowing for the opening up, or the opportunity for this product. The opportunity is now there so we'll see soon enough.
Indeed it does only need a contact and a bit of luck and that indeed could happen now. Unfortunately chuff all has been sold in the last year when progress should have been made. They`ll have to go from zero to hero here and looking at previous trials/contacts they`ve been pretty poor at all that.