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Looking at Companies House filings, it seems the Directors of Alludium have invested £52,000. That's £2,000 when the company was incorporated in Aug 2023 and another £50,000 at the end of October 2023.

At 31/8/2024, the company had assets of £16,765. So a spend of c. £35,000. No new share allotment filings, micro company accounts. No post accounting date updates of funding.

So, here's the thing. What has the company achieved to turn its £35,000 spend into a business worth £6m+

It seems to me the barriers to entry must be about £35K if they already have a product. If no product, where is the value for Catenai shareholders?

Have any institutions bought into the placing? Looking forward to a TR1 with an investment from one with a decent track record in investing in AI. I bet there isnt one though!

No Newuncle, small caps have been a very, very, lucrative hunting ground for me since 1998. I can spot a ramper miles away though

As I thought, absolutely nothing!!

Well it says on their website “Partnering with” LangChain , Microsoft , nvidia , Google & Hugging Face

f*s who else would you want! LMAO

Newuncle, what is incorrect in my post? Please tell!

Highlight what’s incorrect with my post?

Moreso PJ, Catenai has just invested c. £550K for 8.3% of a company that had Net Assets of less than £17K at 31//2024.

Seemingly no new equity has been raised as there would be companies house filings to support that. Perhaps debt post the year end to provide capital to build the software? No one knows, happy to be corrected.

The Directors of Alludium paid up the share capital of c.£50K and now have a plus 90% holding of something valued at c.£6.66m. Easy money.

The market always finds true value.

Bargepole, Sell

What does the US open have to do with Catenai?

Oh dear, its gone red!

Call it care in this community. I'm doing you a favour.

I think they will get a rough ride in San Fran, way out of their depth. You only need to put "problems with no code agents" into an ai platform an read the response.

Bargepole.

Here are some common problems associated with no-code agent builders:

Limited Customization: No-code platforms often provide pre-built templates and drag-and-drop interfaces, which can limit the extent of customization. Users may find it challenging to implement highly specific or unique functionalities that deviate from the standard offerings.

Scalability Issues: As the complexity and scale of the AI agents grow, no-code platforms may struggle to keep up. They might not offer the same level of performance and scalability as custom-coded solutions, which can be optimized for specific use cases and larger datasets.

Integration Challenges: While many no-code platforms offer integrations with popular tools and services, they may not cover all the integrations a business needs. Custom integrations often require coding knowledge, which defeats the purpose of using a no-code platform.

Quote from Claude ai!!

Stock flippers will drive this down.

Warrants at .35 so what? Take a look at ELEG and see how that worked out.

This thing is getting heavily diluted, with a placing much lower than the current price and there will be people trying to flip this, MM’s will drop the bid. It’s going down.

Sub .3 at the start of next week.

15% spread. MM's scalping the dummies.

It's about to delist. Crazy to buy this stock now.

Alludium was being struck off by Companies House in Oct 2024!

Bargepole

If Alludium is such an innovative company - Why does it need a shell. Surely instos would be investing.

Why not just raise the money and IPO directly?

Alludium is a multi-agent platform that integrates with any foundation AI model. That's what it might aspire to be, it isn't at the moment.

Last October, the company was in the process of being struck off Companies House! If a company can go from nearly being struck off to "a multi-agent platform that integrates with any foundation AI model" then the barriers to entry are obviously very low.

Bargepole!