By Nigel Somerville, the Deputy Sheriff of AIM | Friday 29 January 2021
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.
AIM-listed Catenae Innovation (CTEA) – fresh from its fundraise announced Wednesday which added £1 million to its coffers at 2p per share – has announced a new pilot agreement for its Covid-bandwagon testing platform with an unnamed Fortune 500 American professional services and construction company. But if the BBMs think this is exciting, we are again warned that the deal is not expected to generate substantial revenues. Or, indeed, any revenues at all.
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