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BOOM: Catenae Innovation caught with pants down & on fire again – How is a 50/50 JV a wholly owned subsidiary? And more questions for Nomad Cairn

By Nigel Somerville, the Deputy Sheriff of AIM | Wednesday 16 December 2020

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Yesterday I took apart the ramptastic announcement from AIM-listed Catenae Innovation (CTEA) regarding its joint venture with BHA Medical, and showed that the JV vehicle was worth just 10p. But the nonsense does not stop there.

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