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Catenae Innovation – the Hyperneph dispute: this stinks

Whilst shareholders wait to see whether Catenae (CTEA) will emerge from its share suspension I wonder as to the cause of the audit delay. Nigel thinks it is because the company is effectively insolvent and he is right.  But there may be another reason, and this really stinks. So much so that an honourable Nomad would be considering its position. Luckily for Catenae its Nomad is Cairn.

EPIC CTEA
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Catenae Innovation – Is This a Related Party (Revenue-Free) Transaction or Not?

AIM-listed Catenae Innovation (CTEA), which is almost revenue-free and surely heading for a Christmas cash-crunch, has announced a “Data Visualisation Oder” from SaxaVord UK Spaceport at a satellite ground station in the Shetland Islands. Good news…..or not, for we are told that revenues created from the order are not significant. So another revenue-free project, then!

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