RE: Explain ...29 Apr 2021 10:01
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.