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Catenae Innovation – Another Change Of Name (Pointless), Share Consolidation, More Confetti…..Why No Mercy Killing?

By Nigel Somerville | Thursday 18 January 2024


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 serial crock Catenae Innovation (CTEA) has announced a change of name, a General Meeting to approve a share consolidation and wants to issue yet more boatloads of confetti as it searches for an acquisition which might offer a viable business. But first it has to deal with a convertible loan facility – hence the capital reorganisation, as the shares are well below par. I don’t know why it is not just being taken outside for a mercy killing!
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