how did that work out for you?
Hurtling downward as the rampers get out. This was a co-ordinated pump and dump. Hope not many were taken in.
Bang. Straight down. As warned.
it really wasn't. It really isn't.
I have a feeling I'll be proved right today. Am hoping some of the good people on this board don't get sucked in. Also the damage you are doing to CTEA in the long term is awful.
As predicted a bunch of new threads by new posters, pushing this down. This is a pump and dump. Do not fall for it. Look at the history of the people posting and decide.
But its not a gusher. And my motives are simple. I posted a lot on this board, for quite a while and tried to add something to the community. It's bordering on criminal, what is happening here today. the outright lies about 'Zak Mir says 16p', 'RNS imminent' etc. and these new accounts posting today as if they all know whats going on. All likely the same person.
This will crash very soon as there is no substance to the rise. All these new accounts will never be seen again.
If you look at the posting history of all the gushingly positive people on here, they are all new and have less than 5 posts, all CTEA. There's very little evidence behind what they are saying and certainly no commercial reason for the spike. I feel this has been a targeted ramping exercise in order to get some people their money back. Even if a potential customer picked up the phone to CTEA after a brief TV interview, they are still 3 months away from securing a deal out of it. This news of government tenders is all misleading rubbish.
I was a fan of CTEA but grew disillusioned by their ability to only secure 1 client since the app was finished, despite much interest. That hasn't changed yet. They are still an interesting prospect in the long term but i guarantee you this time next week, the price will be lower than it is now. It could be in that place by this time on Tuesday.
Accuse me of deramping all you wish. I no longer hold any shares, i just want to protect people who are being drawn in from a Twitter misinformation campaign and the hype on this board. The Higgs sold 10% of this company because of the lack of activity, lack of news and lack of email response to investors. None of that has changed. Buyer beware DYOR GLA Hope I am wrong but i doubt it. You'll know i speak the truth, when you see lots of nearly empty new threads being started in order to push this down before tomorrow morning. Watch.
Jco - I got in on SYME when it was less than a tenth of a penny and that's still got a long way to go. Am holding that for 12 months. COPL are also worth a look with an RNS imminent about their Nigerian prospect. DYOR but these 2 are going to be my portfolio stars I think. Only an opinion.
Yup. I still beleive they have something, in terms of products, but it will be a long slow climb and going months without news, not responding to e-mails and not generating new clients doesn't make it a good investment prospect for me. Can make more, quicker elsewhere.
I got out this morning on the spike. RNS showed The direction of travel which is small-scale - no effort made, sell app to your mates and use Private investors to fund the losses. Was a fun board though. Adios.
GLA
IMHO DYOR
Yeah, this worries me. They said they had £1m in the bank a month ago and are paying creditors in shares?
The optimist in me thinks, that the agency see a good prospect - all agencies are desperate for cash at the moment so its brave to take these shares unless they know something.
The pessimist in me thinks this shows CTEA have no revenue coming in and have used up their £1m in cash.
Was going to sell this week but Am going to hang on and see how this plays out.
I think that was a legal necessity as it didn't materially affect the value of the company. They needed to be clear about that. Obviously doesn't stop other people making conclusions about the value, but they wouldn't want to be accused of artificially inflating their SP. Don't read too much into it.
I also think he knew there would be a plausible gap between doing that and the next RNS. We'll see it Mon/Tue which is far enough away from him buying those shares, but close enough for him to not be risking too much.