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Catenae Innovation – finally exits Hyperneth acquisition fiasco, AIM at its most pointless

By Tom Winnifrith, the Sheriff of AIM | Saturday 9 December 2023

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.

Catenae (CTEA) is a great example of a pointless AIM company. When it was called Milestone Group it racked up continual losses which have continued under the Catenae name. It had a brief spike in its share price during the COVID era as the usual suspects ramped its share on the basis that Catenae had blockchain technology which might be valuable but of course it wasn’t because who wants to use software from a tiny subscale loss making group to monitor a national population’s vaccine status.
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