Cirata Share Discussion Threads

[cc2014] 02/7/2024 15:25

So, is it worth 80p, or 40p or 50p.

I say 10p, but hell what do I know.

[scabre] 01/6/2024 11:18

What info is that ? Have we missed something?

[habari65] 01/6/2024 05:41

All the trolls saying this will go to 10p must feel like idiots right now! Keep trolling.
Problem with you guys is you so busy not investing your missing the info that is out there that has led to the rally..keep looking guys

[cc2014] 31/5/2024 12:02

Looking at the chart Mr Griffiths knows something we don't

[spectoacc] 23/5/2024 15:46

I believe one does sales, the rest are needed for preparing the rights issues.

[stephh1] 23/5/2024 15:43

Do they three CROs? Two CTOs? Somebody mentioned that in another forum. How many VPs do they have?
What are they doing all day?

[spectoacc] 22/5/2024 14:43

Maybe Mr Griffiths is using CRTA as an IHT mitigation vehicle.

By losing most of his money.

[spectoacc] 21/5/2024 09:34

$592k, over 3 years - isn't going to move the loss needle.

With presumably no borrow, and the Welshman and others being the buyers, it could in theory go anywhere. Until they give up/run out of money that is.

[cc2014] 21/5/2024 08:58

So we are back to issuing RNS's for small contract renewals.

The market continues to love this company though

[bones698] 20/5/2024 20:26

Unreal they are going to need funding yet the price rises. Given it's history you have to consider this a total scam and so avoid it like the plague. Probably get another fund raise away soon at 40p this time on the back of this false rally imo. Uninvestavle imo

[cc2014] 13/5/2024 08:21

Back to 50p. The buyers just never give up on this one

[stephh1] 03/5/2024 17:45

They are doing this for almost 20 years now. Wonder why Kelly doesn't see through that? Maybe he doesn't want to

[owenski] 03/5/2024 17:44

What idiots and institutional idiots pump money into this scam.

[bones698] 03/5/2024 17:04

Diving as expected before the next round of begging for money. Not signed anything like enough deals and will be loss making for years. Money pit. Worth 10p at best imo

[phowdo] 03/5/2024 09:15

> they seem to have giant management overhead.

Of course they do. It is a lifestyle company, its sole purpose is to provide a very nice living for the directors until the company runs out of other people's money.

[stephh1] 03/5/2024 09:03

I'm starting to get more and more concerned. No new contracts, but they seem to have giant management overhead.

[spectoacc] 02/5/2024 15:02

I see "CRTA", but read "crator".

They'll clearly need more cash, so if the usual buyer is now inside, they'd likely drift until announcement of issue price.

How deep are his pockets..

Been quiet on the new contracts front. Remember that one for c£5k? Revenue, not profit ;-)

[cc2014] 02/5/2024 14:54

Is common sense setting in?

[strange1] 09/4/2024 10:40

How can you only have bookings of $0.7m which includes the slippage from Q4 23. Average deal size is $50k so they will need to be closing at more than 1 per business day for the remaining 9 months to hit the lower end of guidance.

[cc2014] 09/4/2024 07:36

Clearly I know nothing as half an hour in we have a few buyers and no sellers.

It seems those invested believe or have some information I don't see.

[cc2014] 09/4/2024 06:50

We will see where the share price goes today but at a cash burn rate of 5m per qtr and only 13m left, with that level of bookings surely they will be looking to fund raise towards the end of June.

They will be walking back into the territory where customers delay orders because they are not sure the company will exist in a years time.

As a aside I cannot get my head round why CRTA's overhead is so large. My gut says it must be leaking out somewhere.

[spectoacc] 09/4/2024 06:06

Are things just too obvious sometimes? $700k of "bookings" in the quarter, cash down to $13m.

What was not entirely obvious? What does Richard Griffiths see?

Who thinks they'll hit the $13m-$15m for the full year? What month does the cash run out?

[owenski] 08/4/2024 08:34

Hope no one is pumping their new years ISA allocation into this bargepole.

[cc2014] 08/4/2024 08:20

#37

I am still struggling to understand why the share price is 50p as based on the cash burn it's going to need another lump of money.

The stock market is a mystery sometimes