Cyanconnode Share Discussion Threads

[bscuit] 18/3/2017 23:51

My email to Beaufort, who have some of my shares in a nominee a/c, has been read. I would have expected them to have crosschecked whether any of their account holders had purchased with EIS -- they sent me the EIS Certificate from July 2016 only two weeks ago. I know I'm small beer, but have held forever, including pre-listing in which I played a material part as the company and B are aware. I'm annoyed.

[emptyend] 18/3/2017 19:08

I never by shares using EIS. Sorry you were denied your "right" to an additional tax break that the rest of us don't get......

[dwall] 18/3/2017 17:19

Guff you too emptyend

It wouldn't be 5% with EIS

But then you know that.

[emptyend] 18/3/2017 16:27

Guff. Company needs money and it was offered at a decent enough price with minimum fuss and time. If you think the company has issued shares "on the cheap" then you shouldn't worry about the fact that you haven't had the opportunity to share in a 5% discount......you should worry about being underinvested when the shares double!

[dwall] 18/3/2017 16:14

Bscuit

Exactly.

I am extremely disappointed by not being asked and have told the BOD, not that i was given any grace, just told to take it up with Beauforts which i will.

I too have taken part in every placing since 2013 including substantial EIS purchases and was not asked this round, i do not know of any other investors that were offered any either and i have asked a few.

Prior to this i was told that no more stock would be placed at these levels with JST even if it was requested.

So what did JC convey to our "strategic" partner two weeks ago in Thailand that made Mr Stamp so keen to throw in another couple of million without us even being asked?

It makes a mockery of the wording of the RNS.

Who are the other existing EIS investors? Its presumably not Katie Potts either?

There is something very strange about how it all was seemingly rushed through too.

The first RNS was almost uninterpretable and then an HOUR later we were told its all done and dusted by a better drafted follow up!

Cyan constantly do themselves no favours with regard to longterm investors who have helped the company grow to here, none whatsoever, which in turn makes them (and new investors) overly suspicious.

Presumably we will not see any share price enhancing announcements in the near term as otherwise surely the BOD would have waited before selling more stock at almost record lows to their strategic partner!

Yeah right......

[bscuit] 18/3/2017 14:18

Tim,


While the discount is small I am annoyed that though the company had enjoined its advisors to give the chance to previous EIS supporters -- who by definition would not be turning over their shares -- I wasn't contacted. I was in NZ till 11.03 with a switched off fone, but there were no missed calls. If a takeover happens before EIS maturity then I have other unused losses, but that's not the point. Support is a 2-way street and I have been in 4 other placings. Small investors should be given the chance.

[sabre6] 18/3/2017 10:26

speaking of hot air how are you Iwaxf13

[lwaxf13] 18/3/2017 09:06

Excellent. Is it another cringe worthy Cysn scripted Brr interview packed full of the usual hot air and patronising sound bites for shareholders that never deliver anything for shareholders? Nice work if you can get it.

[timbo003] 18/3/2017 07:38

There's a new interview with JC where he discusses the latest funding round and the current business on Brr media

It sounds like the fund raising was demand driven via JST, the VCTs and large EIS investors. It would have been good to have been given the opportunity to participate with some EIS shares, but given the modest discount I am not going to complain too loudly on this occasion.

[lwaxf13] 17/3/2017 16:58

How the hell do you focus and provide pre sales support on 94 opportunities with headcount of around 60?!! Even six jobs George Osborne would struggle with that though I imagine if it was fee earning George would step up to the plate and take on all jobs on offer.

How much are these 94 opportunities worth? More than a trophy I hope :-) We might never know :-( oh and what time frames are on these opportunities to generate cash? Again that bit is missing.

[rochdale] 17/3/2017 15:40

this reads well or am I wearing rose-tinted spectacles - especially the Telefonica bit

"Building on the Company's recent momentum, CyanConnode is actively pursuing a number of projects which the Directors believe have a greater than 50% chance of success and an overall significant pipeline of 94 opportunities.

In November 2016, the UKDCC announced the official "go-live" of the UK SMIP and the commencement of operations at the data centre for communication between consumers and the utilities. Consequently, the rollout of smart metering can now commence during the current year and will involve the installation of 53 million gas and electricity meters nationwide before the UK government's targeted completion date of 2020.

CyanConnode was selected by Telefonica and Toshiba to provide a software platform that uses narrowband mesh technology to complement Telefonica's existing cellular network, allowing previously off-grid households to be reached as part of the SMIP. Telefonica was awarded a contract as the preferred communications service provider in two out of the three regions tendered by the UK Government. Telefonica's SMIP solution utilises its existing cellular network in the UK, supported by CyanConnode's C4 solution, which connects households without reliable cellular coverage (known as "not-spots" by the mobile network operators). The CyanConnode software license and support fee revenue is expected to total £25 million over the life of the contract and we are pleased to note that the 2016 milestones under the UK SMIP contract were successfully delivered."

[lwaxf13] 17/3/2017 14:03

Add up all the cash this excuse for a company has burned through and I think you will find the talk has not been cheap for anyone on this board. It's been a very expensive exercise to keep this gig going. There are winners of course. If you are on the payroll.

[emptyend] 17/3/2017 13:24

....talk is even cheaper from armchair experts, I note.....

[lwaxf13] 17/3/2017 11:54

Talk is extremely cheap with this lot. Pretty much have the global market cornered in cheap talk and hot air but deliver jack for shareholders. Come back in 12 months and they will likely pass the begging bowl again IMO. It's how they operate.

[emptyend] 17/3/2017 11:44

....moving up I think. I was just quoted .0019 for 1mn.I note they claim a number of orders in the pipeline with a better than 50% chance. And a large number of potential orders. Talk is cheap, of course, but if they come in then.......

[lwaxf13] 17/3/2017 10:46

Excellent, if nothing else this will keep the payroll running at this gig a while longer. It beggars belief people anti up money here for more of the same old, same old. I look forward to the next PowerPoint from the world leading team here ;-)

[emptyend] 17/3/2017 10:16

Bscuit.....yes it was bound to be fully-placed. That's why I bought at .182 after the news today.

I suspect that they may be put up for sale at some point in 2018/9 at a rather higher price than today's.

[rochdale] 17/3/2017 10:12

relentless and regular fundraising.
probably there is a need to shore up the balance sheet for some big orders to get signed off
KMK just did that

[bscuit] 17/3/2017 09:56

I have 29M and took part in the last two placings - the last through Beaufort. I am annoyed not to have been given the chance to subscribe. I am told it has been fully placed. Discount was quite small IMHO. Been very patient here!

[stupidboypike] 17/3/2017 09:55

You can say what you like here negative or positive, but a tiny loss making company that can raise funds at a 5% discount to its share price - that's impressive. Have a small position here, won't increase it because of the risks with all shares like this but it is clear to me that this will multibag significantly if it succeeds (or go bust if not!). I will hold mine until either occurs.

Best regards SBP

[emptyend] 17/3/2017 09:38

Yes it is "mates rates" though the majority seem to be going to long-term supporters whose average in-price is much higher than mine..........In my opinion, we are near take-off.......which is why I now have 10mn shares

[multibagger] 14/3/2017 08:30

I took another 5.325m @0.185p :)

[emptyend] 13/3/2017 16:48

Interesting to see that the two biggest trades of the day were both buys. Shares moving from weak hands to stronger? Still small beer though.

[multibagger] 12/3/2017 16:04

Katie Potts apparently bought Apple at $1.50 in 2003 - now about $139, also bought ARM when it was a "very small company"....and she has now taken 6.09% in CYAN. Let's hope that her crystal ball has not gone cloudy !

I could just about live with that kind of CYAN gain :)