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Details are in the RNS today
Does anyone know why?
Spread here will kill you and trading becomes scarce due to admin next week 0.21 sell 0.3 buy MMs having a laugh lol
Now's your time rampers to get this share flying before 1st April. Possibly silly rises and drops but there for the brave to skim back your money lost in this very dead Duck. Looked at the company last year but the board members and companies mentioned in the previous 2 years RNS reports were a massive warning to realising this company was always run out of a shed.
no
I am literally the worst picker of shares ever. My entire portfolio has gone through the floor but none quite so spectacularly as this. Does anyone think there is any hope for this company?
Oh dear . Blaim did warn you .
Where is Nbul .
Am basically writing this off completely. Bought in when they were banging on about Covid passports, unfortunately got caught up the Covid frenzy where loads of companies were getting gazillions from Gov UK. I can't see this 20-bagging any time soon...
A dog of the highest order.
This company should be showcased in the book:
'How To Run a Company Really Really Really Badly'
*available at all good book shops but mostly at really really really bad ones*
this company directors should be responsible for this sort of behaviour.
FCA? Oh well 95% down but I know some are -99%. This is what I call an amazing well run company. Anyways mine was a punt, but I feel bad for everyone who lost money in this dead horse. No point in selling now imo....
Probably was better with no news at all than this RNS.
Taken from the RNS that states the following:
The Directors anticipate that the Company will be in a position to publish the audited report and accounts on or around 29 April 2022. A further announcement will be made in due course.
I wonder what the BOD directors have been working on all this time, surely they aren’t that incompetent…
Shenners still around? Pokerchips? Nbul??? Wonder what your thoughts on this is? ;)
Oh dear ctea, what once held promise of a covid app riding high of 6p is now..... less than the cost of a screw in a pack of 5000. Was a good play back then but that all fell apart with the jaded reality of their truth and now trying to buy themselves to pay themselves above breakeven of what they are unauditedly valued at. Lol out of money in 6 mnths, with their income vs loss how any institute would lend to them is beyond me so will be more dilution before another late 6mth financial report and subsequent removal from AIM. Hell, they could now wind down, sell assets to pay debts and still walk away 300k more than they will do in 6mths time. Miss my pump n dump bump of the funds. For those who still hold bags here, Its not GLA now, its you need a miracle now. Game over.
if it indeed in the end is a scam company then they should be held accountable
This was always a scam and shame on the rampers who duped novice investors to invest their hard earned here. We know who they are and you need to be wary of them on other bbs....
You're wrong biglad. Bradley said so.
It was literally there in black and white for everyone to see that this company is/was a scam but some people didn't care as they just wanted to rqmp it at the expense of gullible investors and some were just too stupid to see it even though many others and I tried to warn you
How come few sell after the suspension rns. Just see the time
he was bang on there was something in the air a terribly bad smell called CTEA.
Hardly any money left now to pay their own wages, no news about the time machine/horse racing system/secret of alchemy
they were working on. Some of the shareholders of the pointless purchase of somebodys` mates company has got annoyed as well . If anyone has any left of these I`d sell the lot before suspension .
Saw the suspension RNS so had a look at previous RNS ' ... so let me get this straight
The company decided to acquire a company last May for £270k cash + shares .. but the company they were acquiring had no assets, and the owners of the new company were previous directors of CTEA or previous employees that held a stake in Hyperneph?
So CTEA raised money and went to buy out a company worth nothing which benefitted previous employees and directors. Nice
The Company will not be in a position to complete the audit of the financial statements to 30 September 2021 by 31 March 2022 and has therefore requested the temporary suspension of its shares from trading on AIM, until such time as the audit is complete and audited financial statements have been posted to shareholders, pursuant to AIM Rule 19.
Accordingly, at the request of the Company, the Company's ordinary shares will be suspended from trading on AIM with effect from 7:30 a.m. on Friday 1 April 2022. The Company will request a restoration of its listing once the Company's audited report and accounts for the year ended 30 September 2021 have been published. The Directors anticipate that the Company will be in a position to publish the audited report and accounts on or around 29 April 2022. A further announcement will be made in due course.
Pursuant to AIM Rule 41, the Company has six months to publish audited accounts for the year ended 30 September 2021 to prevent cancellation of the admission of its ordinary shares to trading on AIM.
Hyperneph Software Limited ("Hyperneph")
A dispute has arisen between the Company and certain of the minority shareholders of Hyperneph in relation to the acquisition of Hyperneph. As a result, the Company has not issued the new ordinary shares representing part of the consideration for the acquisition nor has the Company made the final cash instalment of £52,500, being part of the £270,000 consideration referred to in the announcement of 4 May 2021. A further announcement will be made in due course.
Following the acquisition of Hyperneph, the Company is required to produce consolidated audited accounts for the year ended 30 September 2021.
Update on Financial Position
As at 30 September 2021, the Company had unaudited turnover of £25,002 (2020: £14,948) and an unudited loss of £930,804 (2020: £769,186). The unaudited net assets of the Company are £696,753 (2020: £502,427). As at 30 September 2021, the Company had cash resources of £539,842 (2020: £714,043), as of the date of this announcement the Company has cash resources of approximately £350,000, which the directors believe is sufficient for the Company's current working capital needs.
I've still to read it but GLA
Fair enough. It's a theory. Good luck
Still not answered the seller question though ;)
Fair play I certainly respect your point of view on this one and you may well be right in the end. My view for whet it’s worth is another twist, Shsrd have been in place since January and see a a tech focussed broker not one of your churn and burn brokers (we know who they are) With the retained losses here over the years I could see this easily being spun into something else, an injection of capital, a new focus and board member and we are away again, CTEA is a very clean company to
Take over no large shareholders to oust etc and I expect all will become clear by month end. On this basis I’ll be a buying a few again over the coming days. ATB Blaimthrower