Cyanconnode Share Discussion Threads

[davep4] 13/6/2018 13:31

realist1950, I think you are right about resignations, anyone going to the AGM?

[inthetin] 13/6/2018 12:46

Last chance to nab them before it goes pop.

[mtw] 13/6/2018 10:43

You've just got to hand it to Cronin having the bottle to have taken those bonuses. That must take some special kind of self perception.

[realist1950] 13/6/2018 09:39

I believe in any other company, given the last set of results, there would have been resignations.

I can't help but look at the financials snapshot (below the graph, above) with a kind of morbid fascination:

£11.4 Million loss. Revenue £1.17.

Marry that to directors pay, including taking money for services apparently rendered in previous tax years.

It's kind of unreal.

But the structure of the shareholding here means there is no real pressure on the management; it's unlikely any of the key personnel can or will be sacked.

[realist1950] 13/6/2018 09:25

Once again people are selling in the 7ps in order to get shot of any volume.

Stock looking very weak.

[lwaxf13] 12/6/2018 23:25

£57M?!! £1.17M revenue!!! That is shocking. Seriously WTF has been going on at this company?!!

No harm done I guess, we are world leaders afterall and have a top drawer team.

[realist1950] 12/6/2018 22:28

The following post stood out to me a few weeks back:

smithless

23 May '18 - 09:45 - 2452 of 2529

0 1 0
A staggering £57m of cash has been thrown into this business over the years to generate £1.17m of revenue - unbelievable. I would say Ken was better at running a business than John, but he wasn't. Same sort of promises year after year.

[cancun tango] 12/6/2018 22:10

Christ, 4/100ths of a penny. I remember selling some of these at 1.05p.

[lwaxf13] 12/6/2018 21:58

No, let's all look forward to a bright future for cyan. Let's see if the options get priced down again to something pathetic. Then based on form we can be pretty confident the savvy team won't hit the price :-)

Btw now .04p (that's 4 hundredths of 1p in old money!!!) on the bid. In case anyone forgets this is down over 90% since JC arrived. Nice work if you can get it. So even if this climbed to 80p the bod would have nothing to brag about.

[cancun tango] 12/6/2018 13:24

Lost a third of it's value in less than a month. But, you shouldn't look back to see where this is going.

[yump] 12/6/2018 12:31

But if they're going to sack world leading people, surely a fundraising would be needed for that ? I mean they're going to get bumper packages surely ?

I don't know why people always quote funds investing as a positive - it would be more relevant to say that a load of pi's have invested (multiple lots of research using their own money).

The only time I've seen a negative comment on a fund investing was Blackrock, because someone previously got the 'ump about them shorting one of their other investments.

[cancun tango] 12/6/2018 12:30

At £6k/m, that's 30 employees! Maybe they're shutting down Sweden office, won't be cheap

[mtw] 12/6/2018 12:22

Maybe its resignations... were the bonuses high enough to keep the world leading talent ?

[cancun tango] 12/6/2018 12:12

Redundacies is that?

[cancun tango] 12/6/2018 12:12

Nah, it's OK, over the road they reckon there's enough left to last until the end of the year. They forgot to add in the costs of reducing costs from £808k to £630k/m though. How many

[mtw] 12/6/2018 12:02

Death spiral funding beckons...

[realist1950] 12/6/2018 11:09

He'll probably be diluted himself at some point.

And so the merry go round continues.

[realist1950] 12/6/2018 11:09

Agreed, Owenski.

[realist1950] 12/6/2018 10:07

johnwall12 Jun '18 - 09:31 - 2554 of 2558
0 1 0
Cancun tango - so how would you describe the business? Mature? Well developed?



By the same token johnwall, I could ask you, would it therefore not be befitting for the renumeration packages to reflect the embryonic size of this business, as your post infers?

You can't have it both ways.

The pay being doled out here is, in my opinion, quite obscene and in no way commensurate with either the size of the business or indeed financial performance delivered.

[realist1950] 12/6/2018 09:44

"The past isn't a reliable guide to the future"

Well, it has been for me emptyend!

Meanwhile, you're underwater.

I take no pleasure in that at all. But unfortunately it's a fact.

[realist1950] 12/6/2018 09:42

And it is those venture capitalists and fundies you point to, who have an instruction for a low percent in high risk tech exposure, who have kept this show on the road.

Naive retail investors foolishly assume EVERY TIME that just because the company has managed to raise another X million pounds, then surely the company will be suitably funded and that surely they could not raise that money if prospects were not excellent.

This is not necessarily the case.

Many funds don't actually care that much about their clients money. They are detached from the value and meaning of it. If they have instruction to invest say 2% in high risk tech, they know that's exactly what it is and, in any case is a fraction of the larger pot of money, much of which is going into larger, established businesses. The small amounts thrown to the likes of CYAN are 'might come good, but possibly wont'. It's pretty irrelevant to them, in the larger scale of things.

Look at the significant shareholders list here. It's not very impressive imo.

No serious fund has touched it.

All in my opinion. ADYOR etc.

[emptyend] 12/6/2018 09:39

.....I imagine none of them have responded to my list of their tired arguments with anything more substantive.The past isn't a reliable guide to the future - and it is plain they are now more focused (at last) on the bottom line.The ad hominem stuff is all they have.....