Catenae – another day and another serving of Covid spoof as a new wave of shares get ready to be dumped

On 20^th May (Wednesday this week) 32 million Catenae (CTEA)shares issued at 1p will be admitted to AIM. Given that this company is almost certainly technically insolvent and is burning cash and that the shares trade at 2p+ what do you expect the spivs who backed the last placing to do? Exactly. And when they have finished dumping those pieces of confetti there are 16 million warrants with a 1.25p strike to consider…

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