The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Ooooh, that does sound a bit nasty wallinvst - almost as if a senior shareholder or ex board member had an axe to grind.....
That's three revenue generating streams at long last!
We do not appear to be getting the RNS on here - the following was posted to the Stock Exchange on 1/10/18:-
Catenae (AIM:CTEA), the AIM quoted provider of digital media and technology, is pleased to provide an update regarding:-
•Successful completion of proof of concept exercise with Aston Villa Football Club for the Company’s OnSide solution announced on 20 June 2018 leading to commercial negotiations;
•Successful completion of proof of concept exercise with provider of building management and inspection services as announced on 5 July 2018 also leading to commercial negotiations; and
•Positive findings from the on-going trial of Trust in Media’s Digital Image Library
Aston Villa Football Club
Catenae is pleased to announce that the proof of concept exercise with Aston Villa Football Club (“AVFC”) has completed successfully.
AVFC and the Company have now commenced commercial negotiations with a view to the OnSide product being fully integrated within AVFC’s operations in the near future.
Sequestrum
Catenae’s Mobile Business Solutions division, which operates remote workforce management tools, has successfully completed a proof of concept exercise with a provider of building management and inspection services. This proof of concept involved the use of Catenae’s digital repository solution, Sequestrum, which utilises distributed ledger technology (“DLT” also known as Blockchain) to record inspection reports in an immutable manner.
The companies have now engaged in commercial discussions regarding the long-term use of Sequestrum.
As a result of this proof of concept exercise, the client has requested Catenae expand the project to include the creation of the mobile application and management dashboard that will form the basis of their product offering.
We expect to make further announcements on the above commercial agreements in the near future.
Trust in Media – Digital Image library
Catenae’s subsidiary, Trust in Media is pleased to confirm the proof of concept project with a service provider in the Image Licensing sector to trial the embedding of the Digital Asset Registration and Transactional Tracking technology within the provider’s operations also announced on 5 July 2018 continues to plan, following initial positive findings.
Tony Sanders, CEO, commented:
“It is always good when a plan comes together and seeing our products being trialled in earnest and to not only pass with flying colours but provide realistic opportunities of signed agreements confirms the strategy. Particularly with regards to our DLT application Sequestrum, this being the first real world use of this innovative service. We look forward to announcing signed agreements in due course”
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged for release of this announcement on behalf of the Company was Tony Sanders (Chief Executive Officer).
Been there for a while nomorewoe, it was done by the old ceo and kept on by the board, but, they should be reporting on their proof of concept agreements and this is the end of the financial year I believe so hopefully some positive news.
Oneandonly, your previous posts would suggest you are quite "close" to the company, anything you would care to share?
I agree jimbob, though there is a whisper, just a very remote whisper, that for the first time ever, they have a contract that is making some money...
All very good topup, but they need to actually start to deliver - we have had several proof of concept announcements - how long do these take to work out (especially if the tech is as quick as it is stated in the article). We, the investors, need to see "proof of concept" or I suspect a vote of no confidence will not be far behind....
well given that they have a number of proof of concepts out there and companies will have had time to consider their impact I would bet on some positive news coming in really quite soon - cue the doom music, enter dave avt…...
Did you miss the bit about Ticketmaster Dave?
Well the day of reckoning fast approaches - according to the aforesaid report the interim CEO expects the first revenues to come in in June, and that's next week, so fingers crossed, GLA
Hi Dave I believe the press release stated he had stood down from the board and is now their Chief Technology Officer (or similar title) as that is where his strength is?
Reliably informed that the company is now debt free so I would expect the board to make some announcements around revenue very shortly - unless they want a rough ride at the agm this week that is!
Tom Winnifrith from Share prophets published the following: TW Note. I actually spoke to the company this week. I reckon that if there is a D4E swap and if folks believe in the new management I could see a placing getting away at 0.1p. Reports of this company's death may be premature Something is definitely happening as he has been uber critical of MSG for many months
Tom Winnifrith from Share prophets published the following: TW Note. I actually spoke to the company this week. I reckon that if there is a D4E swap and if folks believe in the new management I could see a placing getting away at 0.1p. Reports of this company's death may be premature Something is definitely happening as he has been uber critical of MSG for many months
This company has significantly downsized, have the Directors, Mr Sanders and Mr Meyers taken a pay cut? If you have 60% less staff and no turnover, you surely have at least 60% less salary? The company has obviously turned its back on Mr Cummings of Black Cactus, why have we had no update and where are the contracts that will deliver revenues if we lose the Black cactus connection (that was the connection that saw the share price rise 600% above where it is now) Did the recent annual report tell the whole truth? It would be interesting to see the actual dates of events stipulated to see if the statements were actually correct "Oh what a tangled web we weave, when we first practice to deceive...."
Good news, three established companies in the MOU and some substantial balance sheets, I do believe things are starting to look up, however I shall await DaveAVT's analysis he always manages to the cloud in every silver lining!
https://finance.yahoo.com/news/black-cactus-global-ceo-leads-153000583.html Interesting we now just need the agreement ratifying by MSG and the first few contracts being announced and we are away. And yes Daveavt, the board at Milestone do have contracts in the pipeline as does Black Cactus, so please, for the sanity of everyone here, shut up!
ooooh, conspiracies abound, claims and counter claims - how's these for a starter for ten - Monecor buying in to support Mr King in a takeover of the business? He is a tech savvy investor, perhaps he knows something we do not? Daveavt - so bitter about anything to do with the MSG/Black Cactus brand - you wouldn't be the former CEO of the group by any chance, would you? Have a nice day y'all!
Just for clarification the failed placing body were City of London Markets as was reported on the Share Prophets web site, not the organisation that bought 5% on friday
Dave, I have a niggling feeling that you are DW the removed CEO of Milestone, would you care to establish your credentials and stop hiding please?