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Catenae - and the Covid bandwagon rolls on even as the company admits there may be no revenue!

By Nigel Somerville, the Deputy Sheriff of AIM | Friday 19 June 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.


AIM-listed Catenae (CTEA) shares are up this morning in reaction to the latest update on its Covid-bandwagon ramp. This, of course, was a technically insolvent outfit before some clever clogs at Catenae Towers realised that the mug punters would pile into anything to do with Covid-19 and thus a project involving a consortium in which two companies which apparently had been working together for 25 years despite one of them only coming into existence 13 years ago was born. Catenae’s shares roofed it and now two placings later (at a whopping discount) sees Catenae funded perhaps to the end of the year. This morning there was an update on the consortium Covid-19 bandwagon project……

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