That still hasn’t answered my question if the guy at MXC is now standing in to find a suitable replacement why would they not make it successful? Otherwise, they risk losing the lot which I can’t see happening. Also no talk of anything negative why mark left only positive and could be for a number of reasons, also no talk of him selling up his majority share either, keep the faith ppl let’s see what MXC can pull out of the hat :) one announcement with a proven track record CEO or buy out offer and everything will turn around very fast. |
Why would they go bust? That means MXC would lose the lot and makes no sense at all |
I'm probably gonna hold and hope that the new tax tear is sparking a bit more IT spend, with inflation off the boil too. |
PB - Sorry to hear of your loss, i've got a tiny position myself, got rid of 100,000 at .6 this morning. I've already written them down to .25 in my accounts (I mark to market every day) so don't care much about the rest. If they rally a bit I'll sell if they go bust so be it. |
I’m staying in as well I can’t believe that MXC will just let this go to the wall. It only takes one piece of news to turn this around with a well experienced CEO. Sometimes the entrepreneur can only take it a certain distance before someone else with different skills takes over. Has mark actually left or just stepped down? |
Fair play Beeks, sorry to hear you've sold out but all the best.
I'm still all in and willing to see it out. |
Appreciated Henry. Taken on the chin and pretty downcast - i'd built a position here as I saw and still see the growth story for the business. Not to be.
I've decided to sell out completely and have realised a very large (for me) loss.
Best luck to all. |
The question now being, what will Mark do with his 20 odd percent? He has seen his net wealth shrink several hundred grand today. This has to be a hatcheting of his position as the consequences would be well flagged. |
You've still got around another 3 million shares to dump Beeksy. What is her indoors telling you to do now? |
Just sold 4m. |
I've also chatted with the wife and have decided to reduce here.I'd expect that will be the bottom in! |
I've been suspecting that Halpin's attempt at growth has lacked financial prudence with an upbeat entrepreneurial style putting the gloss on a somewhat gung-ho acquisitive strategy.
Admirable vision, poor execution.
Maybe some belated due diligence caused the results delay.
I'll have to review things I got a bit out of touch with this holding.
This level of debt and interest will not spur prospective customer confidence in new contracts.
Clearly, new management must now consolidate with a focus on balance sheet, while pressing on with excellent customer service with sensible margins.
Is there some risk the business now gets sold off to whoever is willing to settle the debt ? |
You mean like any debt fixed on assets? Of course that phrase is there! It's there in probably much of AIM. |
MXCG tell you there plans below unless they clarify else wise....
MXCG will also have the right at any time to increase its loan security in the form of a full debenture over all Group Companies. |
The company is fine Fred, the corporate wrapper is the challenge. Sorting that is the biggest task. |
 I step down as CEO of the company I founded today.
Naturally I'm filled with a mix of emotions – equal parts pride, nostalgia but mainly positivity and excitement as with big change comes huge opportunity for both CloudCoCo Plc , as it now takes its next steps on its trajectory, and whatever I choose to do next.
Six years ago, I embarked on this rollercoaster ride of entrepreneurship armed with nothing but a dream, a dash of madness after being called Cloud Cuckoo, and an unmatched burning fire. And F#£%, what a ride it has been.
It's one of the loneliest roles in the world being a CEO at times and takes a huge toll on so many of life's most precious things but the learnings, thrills, experiences and new relationships I have gained are so very very precious.
Against all odds, we turned an idea as a startup into a reality, and that reality into circa a £30 mill turnover MSP in just 6 years.
But as much as this journey has been about numbers and milestones, it has been about the people – the passionate souls who have brought my ideas to life and poured their hearts and souls into this company day in and day out. Each and every one of you has left an indelible mark on CloudCoCo, and for that, I am eternally grateful.
As I step down from my role as CEO, I leave with a heart full of gratitude and a soul overflowing with pride. But more than anything, I leave with the unwavering belief that the best is yet to come for this incredible company and the phenomenal individuals who breathe life into it every single day.
'Our mission in life is not merely to survive, but to thrive; and to do so with some passion, some compassion, some humor, and some style.'
Thank you, from the bottom of my heart, for everyone who has shared, so far, in this extraordinary adventure. Here's to the future of CloudCoCo– and the crazy places mine will continue to take me, as it always has.
Get in touch if you have any Cuckoo ideas and want my experience, fire and mind to help fuel your acceleration.
I have to say the biggest thankyou to my wife, children and family who have felt the highs and the lows over the last 6 years and always been very supportive of me.
With all my love and gratitude for every supportive lender, partner, advisor, customer and everyone who supported this first 6 years.
The Kid on the Moped - Brum F£%king Brum :) |
Was offered .21 earlier to sell 4m if that gives any indication of short term direction for you! |
Now printed.I still have my 1% or so, suckingbit up for now, however painful.There's 2 years to sort this out. |
There's quite obviously noone in the market to buy, so anyone wanting out will be taking quite the bath. |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
