Cyanconnode Share Discussion Threads

[orange1] 24/1/2018 20:22

I do think that the company have shown great consideration for the feelings of shareholders by stating:

"The Company has been advised that this share sale is purely as a result of the fund managers' decision to wind down the funds".

It was nice of the company to have asked and very thoughtful of them to have shared the answer given with shareholders. Three cheers for them!

[stav5001] 24/1/2018 19:33

I am an eternal optimist....but not here

it seems we are all coming to the same conclusions, and they are not positive.

Someone mentioned baling they baled out at 50%, whilst it hurt, it was a good decision.....if only that were possible for many of the loyal LTH here!

[davep4] 24/1/2018 16:14

Thanks Iwaxf13, I would agree that another fund raise is unlikely unless they are able to pull a rabbit out of the hat, the question is, is there anyone who will buy it and if so for what price?

[dreamtwister] 24/1/2018 13:05

Subscription Shares will be included in the General Admission and 1,785,714 Subscription Shares will be included in the April Admission !

tipping point will this subscription be increased, as consolidation with placings raised 8.6 mill.

but hey ho bargain share price fyb.

[lwaxf13] 24/1/2018 12:31

I don't think they will get away with another fund raise. Who in their right mind would throw money into this gravy train?!! I think it will be lights out or some kind of fudge and buyout by insiders. All IMO and usual caveats etc. I really don't see this ending well for PIs.

[davep4] 24/1/2018 11:54

Iwaxf13, when do you think the next funding raising issue will be, and at what price?

[lwaxf13] 24/1/2018 11:51

It's still a crock though IMO. Down over 80% since the top drawer team of world leading big hitters arrived. Would hate to see how bad things would be if we did not have such a top class team.

[multibagger] 24/1/2018 11:46

You were absolutely right dwall
...18month lock-in rather than 12 months as per previous RNS...

CyanConnode Holdings PLC Holding(s) in Company

24/01/2018 10:41am
UK Regulatory (RNS & others)

RNS Number : 7950C

CyanConnode Holdings plc

("CyanConnode" or the "Company")

Holdings in Company

CyanConnode (AIM:CYAN.L), has been notified that the technology funds from whom the Company purchased Connode Holding AB ("Connode") in July 2016, have sold 5,881,631 shares previously held in the Company following the completion of an 18 month lock-in period. These funds include Swedestart Tech KB, Yewtree Holding AB, CapMan Equity VII ALP, CapMan Equity VII CLP, CapMan Equity Sweden KB, Maneq Fund 2004 KY and Maneq 2004 AB. The TR-1 for in respect of Swedestart Tech KB is below.

The Company has been advised that this share sale is purely as a result of the fund managers' decision to wind down the funds.

[dwall] 24/1/2018 08:58

The large reported trades this morning at circa 12.02 will actually be buys from yesterday 5.5m sell at 11.88 imo

[cancun tango] 24/1/2018 08:54

MBDivide 23rd Aug figure by 200 and it doesn't come near the amount sold yesterday. And more this morning. Suggests one (or two) of the top holders.

[multibagger] 24/1/2018 08:22

Edited:

Cancun tango,

The 3% and above notifications published on the website relate to 23 Aug 2017, i.e., pre-consolidation.

The Director published just below the same are from 20 Dec 2017 - hence post consolidation

Hence, inconsistent and not update...

[dreamtwister] 24/1/2018 07:48

35000 @ 0.14 brought for recovery,



take note of the date in the above link....

[davep4] 24/1/2018 07:29

I would imagine a lot of stop losses were triggered and that there will be an RNS in the next few days.

[multibagger] 24/1/2018 07:02

Good morning Cancun tango and all :)

It appears that the acquisition of Connode involved about 7m shares (post 200:1 consolidation ) or thereabouts ...that roughly ties in with the transaction volume announced yesterday.

Let's see if there is a RNS today or in the very near future....

[rocha16] 24/1/2018 06:53

Multibagger....thanks, good post!

[cancun tango] 24/1/2018 06:50

On 23rd Aug, swedestart had 558m old shares roughly 2.8m new, so maybe not them. We'll find out soon enough.

[rocha16] 24/1/2018 06:45

Davep4 post 1921. Many thanks. The Swedish fund ManCap, how many shares did they have? I see that 8.5m were traded yesterday..... is that the overhang cleared?

[multibagger] 24/1/2018 06:04

Courtesy of dwall on the other thread....

As i understand it CapMan Oyj are closing down the fund that originally owned Connode and in which they held stock from Cyans purchase of Connode.

It has been reported elsewhere (advfn amongst others)) that CapMan are the likely sellers of the 5m which was finally printed today.

I believe CapMan had planned to close this fund even when Cyan purchased Connode, however they were locked in for the periods and terms as outlined below preventing them (until now) of selling their entire stock other than in an "orderly market period".

Thus IF it is confirmed that the seller today is CapMan Oyj then it could well ALSO account for much of the selling over the last year as the rest of their stock was sold in an "orderly market period" which over that time would drag the share price lower and lower.

Anyone shorting the stock with this knowledge (and coupled with persistent deramping on the boards) would know they were alongside a constant seller and would have confidence in their actions perhaps.

However if now CapMan have finished selling (quite abruptly as the fund is now needing to close) and the aforementioned shorts are still open then we could see a significant trend reversal happen.

Coupled with monetisation of orders news in time and the share price could re-rate.

Whatever happens it t will be interesting to see how things (and posters) unfold.

Lol!!

GL

"The total consideration payable by the Company to the Sellers under the Acquisition Agreement is GBP6,777,567, which shall be satisfied as follows:

-- GBP4,250,000 payable in cash on Completion;
-- GBP1,340,251 will be satisfied through the issue of the Consideration Shares to the Sellers on Completion; and

-- GBP1,187,316 will be satisfied through the issue of the Additional Consideration Shares to the Sellers on Completion.

The equity consideration payable to the Sellers will be split out as follows:

1. 744,583,888 New Ordinary Shares subject to a six month lock-in followed by a 12 month orderly market period; and

2. 659,620,000 New Ordinary Shares subject to a 12 month orderly market period."

[multibagger] 24/1/2018 05:58

Courtesy of dwall on the other thread...also on Twitter (to the extent that it can be relied upon)



"...As i understand it CapMan Oyj are closing down the fund that originally owned Connode and in which they held stock from Cyans purchase of Connode.

It has been reported elsewhere (advfn amongst others)) that CapMan are the likely sellers of the 5m which was finally printed today.

I believe CapMan had planned to close this fund even when Cyan purchased Connode, however they were locked in for the periods and terms as outlined below preventing them (until now) of selling their entire stock other than in an "orderly market period".

Thus IF it is confirmed that the seller today is CapMan Oyj then it could well ALSO account for much of the selling over the last year as the rest of their stock was sold in an "orderly market period" which over that time would drag the share price lower and lower.

Anyone shorting the stock with this knowledge (and coupled with persistent deramping on the boards) would know they were alongside a constant seller and would have confidence in their actions perhaps.

However if now CapMan have finished selling (quite abruptly as the fund is now needing to close) and the aforementioned shorts are still open then we could see a significant trend reversal happen.

Coupled with monetisation of orders news in time and the share price could re-rate.

Whatever happens it t will be interesting to see how things (and posters) unfold.

Lol!!

GL

"The total consideration payable by the Company to the Sellers under the Acquisition Agreement is GBP6,777,567, which shall be satisfied as follows:

-- GBP4,250,000 payable in cash on Completion;
-- GBP1,340,251 will be satisfied through the issue of the Consideration Shares to the Sellers on Completion; and

-- GBP1,187,316 will be satisfied through the issue of the Additional Consideration Shares to the Sellers on Completion.

The equity consideration payable to the Sellers will be split out as follows:

1. 744,583,888 New Ordinary Shares subject to a six month lock-in followed by a 12 month orderly market period; and

2. 659,620,000 New Ordinary Shares subject to a 12 month orderly market period..."

[davep4] 23/1/2018 23:20

I was referring to the share weakness, weaknesses weaknesses!

[ricardox] 23/1/2018 21:09

davep4
Share weakness is being caused by CYAN BOD not delivering.
I don't normally post on stocks I have sold but the salary and consultancy fees took the biscuit. Not to mention the "know of no reason" RNS. Sold out at a 50% loss from this shambles last week and would have done sooner but for that RNS.
gla lth hope it pans out for you.

[dreamtwister] 23/1/2018 20:00

recovery back to 0.20ps

[realist1950] 23/1/2018 17:15

davep4,

If you follow your link you'll come across a paragraph which reads:

"-- Directors and certain senior managers have also agreed that, in the interests of retaining cash within the Company, they will receive all of their net income and bonuses earned during the period from July 2016 to June 2017 as shares issued at the issue price, which will represent an incremental equity investment of GBP729,904"

What's shocking about that statement is that it implies the consultancy fees and bonus payments I've previously highlighted, have actually been derived from the period of 1st January 2016 - 30th June 2016 (ie for a mere half years service, not a full year) which makes them even more ludicrous.

If I'm interpreting things correctly, I think that's quite disgusting.

Does any CYAN shareholder actually want to address this issue?