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What news is next anticipated here? More orders?
Remember here CTEA have had 4 months to get something marketable and they`ve so far got no paying customers . Despite us being promised months ago that there was loads of interest in the app. Now they`ve gone back to Newcastle to further trail app amendments, development of which will take longer. Still no income or customers. All fact.
Loads of customers, government interest etc is all dreamland stuff and is just people guessing.
My opinion here is that people invested here are being strung alone as there`s always just one more thing to do before it gets big and this company if you delve deeper has previous history for it. I actually think their BS ers . The psychology of this in investing terms is brilliant in that we are all being promised something and the jam is always next month because we want to believe. If you stood back and looked logically or imagined someone trying to sell you the company you`d probably reply. So you got an app thats not fully developed yet on a tiny trial, you said you`d have customers a month ago but still have`nt any and you want me to give you £1000 to invest in it !! No chance.
As I`ve said before my investment is now £800 in the hope of a bit of a spike but don`t think that this has any legs at all, unless and its a big unless they start announcing large orders.
It may be a long timescale for you, because you’re upset your £1000+ invest didn’t x5 multiply in 3 months. You think that within 4 months a company should of finished trialing an app and sold multiple large contracts already? It takes a lot of time to target, talk to and eventually sell to customers? New customers might already be trialling the app which we aren’t aware about? It’s fine if you want to sell off, but don’t start commenting with exaggerated facts to de-ramp this stock. A brand new product selling that fast, let alone in a recession is madness. I’m happy with Newcastle Premier being there first paying customer. They clearly know a lot about the product and we’re happy to pay for it moving forward. They can now go to future customers and use them as an example/case study to sell to others. I believe this will be a success, Rome was not built in one day, neither was Tesla, Apple or Amazon....
The truth of this Lewy is we`ll see. As for the money I trebled my investment and made £5k profit. I just don`t see it going much further but I have kept in here in a small way in case it does. So never say never, all I`m saying is it hasn`t move much further. Lets see if my 800 turns into 1600 then great and I`ll regret not leaving it all in . Let`s see, it was they who said they had loads of interest not me. Then chuff all. Might be the next Amazon ? Dream on.