Catenae Innovation – Mega-Delayed Results And Death Spiral…..What’s Not To Like?
By Nigel Somerville, the Deputy Sheriff of AIM | Friday 30 September 2022
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 bad-boy, suspended for the past five months for failing to release accounts, Catenae Innovation (CTEA) has at last released full year accounts to September 2021 and Interim results to March 2022. Oh, and it has announced a death spiral package from Sanderson Capital, under which the lender seems to do very well indeed (at shareholders’ expense).
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.