RE: Pump and dump12 Apr 2021 13:23
3 July 2020:
Catenae asi the Cov-ID project was a joint initiative by a consortium of companies, led by the Z/Yen Group.
Although the proof-of-concept stage of the app was positive, the board said there was no guarantee that it would be commercialised, nor that in the event that it was commercialised, that material revenues would be generated by the company.
"The scope of the pilot trial was ambitiously expanded midway through to include the one-way validation usage on top of the initial two-way validation usage objective," noted interim chief executive officer Guy Meyer.
"Some minor graphic design refinements, based on NPH's feedback, will be completed within the next three weeks and then the Cov-ID app will be ready to be rolled out commercially across the UK and beyond to the benefit of businesses and organisations alike as the nations of the world begin to return to a semblance of normality."
22 February 2021:
"As a participant, we look forward to joining the discussions and highlighting the commercial benefits of the Digital Identity Policy, as well as advising how organisations should handle and protect people's data. Given that Catenae is ISO 27001 accredited and has blockchain at the core of its platform, the Company is well placed to leverage opportunities in this space".
29 January 2021
The pilot commenced on 28 January 2021 and will run for the next 12 weeks until the end of April 2021. Although the pilot is not expected to generate substantial revenues for the Company, it endorses the Company's Covid-19 testing proposition.
Zak Mir noted recently: "However, believers in a permanent state of pandemic, and an infinite number of variants, might regard Catenae as a winner in such a scenario. The rise in the share price suggests that they are awaiting imminent news regarding digital passport trials / contracts".
It seems to me that it is very unlikely that the government is looking for a provider as according to the above information they may have developed their own system? So far It looks like speculation rather than any substance for the share price increase.