2 days ago
Shares in Cirata (CRTA) have plunged again today to just 5p. That is 66.7% down on the July placing and 90% down on the level when £430,000 a year plus bonus of up to 100% of salary + expenses + sponsorship of his daughter’s hockey team Stephen Kelly became CEO just over 3 years ago. In light of the crashing share price, the urgent need for another refinancing by Easter and the numerous devastating revelations on this website I have written to Nomad Stifel
10 days ago
The FCA has confirmed that it is looking into my expose HERE of aggressive accounting at Cirata (CRTA) but more importantly as to whether its CEO Stephen Kelly sat on bad news before its placing on June 29 as described HERE. Now Kelly has served up a diabolical Q3 trading statement and as Cirata faces a cash crisis by Easter surely his position is untenable.
26 days ago
On Friday I looked at the aggressive way that Cirata (CRTA) accounts for sales and concluded that this completed the case for sacking CEO Stephen Kelly. I was wrong. There is more. And it gets even worse with what it implies about the June 25 placing.
28 days ago
After today’s expose I prepare a full and detailed case for the prosecution with multiple charges. I then appeal to the NEDS at Cirata (CRTA) to act not only because it is the right thing to do but out of self interest.
39 days ago
If the NED’s at Cirata (CRTA) are doing their job properly they will not wait for the FCA to ask to see April/May/June management accounts but will review them internally now and consider the position of CEO Stephen Kelly themselves. While they are at it, has anyone considered his CV?
39 days ago
I have been putting the timeline together and am now 100% convinced that Cirata (CRTA) was sitting on very bad price sensitive news which it withheld from investors when it did a placing at 15p, raising $7.4 million, on June 25.It sat on that bad news until July 24. After yesterday’s diabolical interims and a lack of profits warning the regulators must surely launch a full investigation. I have sent a letter.
131 days ago
I am a – wholly vindicated – perma bear of Cirata (CRTA), formerly the Wandisco unicorn fraud. The obscene pay of CEO Stephen Kelly and disgusting way funds in a loss making company are used for things like sponsoring his daughter’s hockey team, the repeatedly missed targets and ongoing cash burn maker the shares uninvestable. Now it seems that some of the peasants who have ignored my repeated sell advice are seeing the light and are revolting. One such shareholder has written to the company and his missive has found its way to me via Winnileaks. Enjoy.
354 days ago
I start with tax. Those celebrating Zohram Mamdani in New York or Rachel from accounts in the UK need to appreciate just how easy it is to move somewhere warmer and also save a packet on tax. I reckon the Mrs and I would pay a blended 7% tax in Greece, possibly just 5%. Then onto Cirata (CRTA) and the follow up from this morning's scoop about its CEO and the women's hockey team and why the shares are so utterly uninvestable.
354 days ago
Cash guzzling Cirata (CRTA), formerly the Wandisco fraud, will almost certainly run out of cash in the first half of 2026. Yet another bailout placing is a nailed on cert. Just last week it let another bunch of senior engineering staff go in Sheffield and Belfast as it aims to reduce the cashburn. But that operational cashburn in the last reported quarter was approaching $1 million a month. In that vein, the tale of the Barnes Women’s hockey team appears shocking
