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BREAKING: Catenai - interim results boosted by Klarian loan which is not properly disclosed, IFRS breach exposed

By Tom Winnifrith | Friday 20 September 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.


Catenai (CTAI) has released its interim results for the six months to 30 June 2024. As usual it recorded a loss. This time £12,778. The loss was sharply reduced because it has booked revenue of £117,500 of fees on its £450,000 convertible loan note made to Klarian. Other revenue was just £7,000. Catenai is basically now a punt on the Klarian CLN.If that doesn’t work out its a worthless company.
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