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it made me laugh. I could tell from the first post what they were trying to achieve. The second post was priceless. Maybe tradeuk can go and assess some other stocks for me and within a few hours, identify ones that will multi bag next week. I'll be retired within 6 months.
"'Uog is down because oil is down's
It's not that simple. There are plenty of Oilers out there that have had decent news, like us, and are well up, some are well up and don't even have any production.
There is more at play here than it just being oil down, unfortunately Egypt being one of them."
This. Its not the oil price keeping us down. At the moment no one is interested in UOG. The Egypt gov taking cuts puts big investors off until were operating at scale there and I've seen lots of commentary on how people are doubtful of Jamacia. Why did Tullow sell it then is the question asked. This is just my opinion.
What I dont understand is why there has never been any hype over UOG. Some of the rubbish that gets ramped lately is shocking. We have a low MCAP so I don't get why we've not even been targeted for an organised pump. Surely we're a prime target for a pump and dump?
Where's the connection to UOG here?
There is going to be no news in the next 11 days that will drive that price action. Why don't you explain to me how it could double in price? What will drive that sort of growth in such a short amount of time?
The only news due in the next 11 days is Toscana and I can't see how it's going to double the SP. Everyone knows it's happening already so it's nothing we don't know already.
As Gary said. I wouldn't complain but you're either a dreamer or a ramper making claims like that as there's no evidence that it will get anywhere near 8p in the next 11 days.
If I saw anything that I saw as a positive I would acknowledge it. If that RNS had come from another company I would maybe see it as positive but its just the same old thing over and over again with CTEA.
If they released an RNS saying they had signed a contract with X to provide X service and that the deal was going to bring in X revenue id see it as positive.
They don't though. There's never any figures mentioned because I can only assume the amount is negligible because when the financial results comes out you see that the admin costs still far outweigh the revenue made by the company. Thats if they don't have to do another raise before then.
I see CTEA as a lifestyle company. The directors are just cruising along taking massive salaries while achieving nothing. Its a brilliant share to day trade though. The ramps and fluff news are brilliant for creating temporary spikes to jump in and out of for a quick 10%
Good decision Mic. Ignore those fools posting above you. They've been banging on about a re-rate for 6 months as the share price has gone lower and lower. Its another RNS with no proper detail. It reminds me of ADL. Another sham company that participates in partnership after JV with nothing but a negative balance sheet at the end of each one. The RNS states the venture may not be profitable. Thats 2 RNS where CTEA have said something similar. Have you ever seen another company do that? I doubt it. Its so that, when they give up because they're losing more money, they can say they warned investors.
Then comes the next scam.
Give it a month and you'll see how this 're-rate' is going.
I hope he did. It's all smoke and mirrors. Where are the figures? How much did they make off 350k tests? Just like the initial CovID RNS there's a line stating
" There is no guarantee that the JV will generate profits"
Because any money they make won't cover the other costs of the company.
"a few football clubs and a rugby club use one of the applications on the app."
I'm not sure they do. It looks like CTEA have given up their blockchain business after it didn't pay (shock) Theres no mention of it or any of the customers they used to have on their new website. So at the moment , I'm not sure they any customers at all.
It's just another pump and dump like the one at the end of Sept. Don't get caught out.
Charts mean almost nothing for microcaps like CTEA. Shares like this are purely driven by news.
How do you define imminent Mazik? You said over a week ago that news was imminent
"Its oversold and hear from the grapevine news is imminent..IMO"
If it was oversold at 2.7p then it must be super over sold at 2.45p
You can't short CTEA. No-one will give you any borrow. Otherwise I'd put my mortgage on shorting CTEA.
salary, not summary
Seeing as CTEA were in the first few companies to offer this type of app. They needed to make use of this and sign up a few customers before other companies got on it. Make themselves the known brand in the sector. They didn't. Guy sat back and stared In glory at his 100k summary and hit up his mates in Newcastle for something to release to investors. Now another company is having a trial at a major airport and its a free product. If that's any sort of success why would anyone pay for CTEAs solution? It can't be super cheap as its run on blockchain which is expensive because of the CPU and power /cooling it requires.
And how did that trial go?