RE: App potential9 Aug 2020 09:49
A few things to bear in mind. First, the company will almost certainly be locked into NDAs with all parties it's in serious discussions with, and is therefore constrained from drip-feeding news of progress to the market. If/when there is firm agreement (ie. heads of terms), or indeed if the talks come to nothing, it will be obliged to release an RNS in the usual way. Second, the company is very hard to do due diligence on, with so little information out there in the public domain. Last annual report on Companies House website reveals just how small the company is. The company website offers little and neither the company nor its key personnel tweet or say much on LinkedIn. Ditto Afrik-ID. So as frustrating as it is we have no choice but to wait. I'm invested at various SPs (currently 36% down overall), though I did well on the last spike a few weeks back. I do like the company; they are not a one trick pony, and Covid-19 is clearly not going away. The share incentive scheme also suggests grounds for optimism. Some people on LSE have speculated at length on the recently advertised sales position and whether this is a positive or negative indication of progress. As a retired city corporate finance lawyer who spent years negotiating JVs of various kinds, I would think that all serious negotiations with other parties are being conducted by the SLT, and that as a tiny outfit Catenae simply needs more people during an immensely challenging time. So for my peace of mind I'm trying to adopt a mid-term view, ever-hopeful that positive news may turn up one day in the RNS box. Whether news is a few weeks away, months, or possibly never, I cannot of course tell, though I'm still topping up modestly as SP falls.