Naughty, naughty Nomad Liam Murray of Cairn Financial for signing off on today’s release from AIM perma-dog Catenae (CTEA) for it is only a partial ‘fess up. With the shares already suspended for failing to gt accounts out for the yar to September 30 2021, things look truly grim.
AIM-listed (pro tem) Catenae Innovation (CTEA) updated the market this morning over its suspension from trading due to the non-appearance of its FY account to September 2021. One month down, five to go.
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.
AIM-listed Catenae Innovation (CTEA) was suspended from trading on Friday morning as it was unable to publish its FY21 Accounts to September 30 by deadline day. I can’t say I didn’t warn you – the only surprise is that it has taken this long for a suspension.
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!
AIM-listed Catenae Innovation (CTEA) has announced yet another RNS Reach – this time over a deal with Promake Ltd – but it is still, on the basis of its interims to March, almost revenue free and heading for a cash-crunch by Christmas. But never mind that, it’s got a deal with Promake…..which offers yet more Red Flags!
The morning, AIM-listed Catenae Innovation (CTEA) trumpeted a new pilot programme with a charity. Bully for it, but to me this morning’s RNS is extremely bad news and this is why.
AIM-listed Catenae Innovation (CTEA) has announced its delayed FY20 results and Interims to March 2021. You can’t say we didn’t warn you: in short, the numbers are calamitous and the shares are an outstanding sell. It is Ouzo on Cornflakes time!
