Cyanconnode Share Discussion Threads

[kilijarslan] 06/1/2020 08:03

Great news yet again.Still more contracts to come in and more ££Directors want this to be trading back at 10p!

[multibagger] 06/1/2020 07:07

Greater clarity on funding arrangements and possible routes - great news !

From the RNS......"Preserving and managing CyanConnode's cash remains a key focus as the Company moves towards break-even, with a number of short to medium term funding options being considered to help strengthen this position. For example, a Letter of Credit (LoC) is being provided by Genus for this project, which will mitigate CyanConnode's financial exposure relating to the manufacture of up to 200,000 communications modules. The LoC will also facilitate advanced payment for those modules, as and when they are delivered to Genus...."


80% of £3.3m = £2.64m or £176k per month x 15 months
I am guessing that this £2.64m will be recognised in 15 months (if that is how long the project is going to take?), but as a matter of caution timelines have been extended for 2 years for revenue recognition.

The £176k per month is about 46% of our monthly operating expenses.

Looks like Genus is backing us with soft financial terms and facilitating our partnership. A resounding vote of confidence and a recognition that they see us as a pivotal partner in the Indian smart meter rollout.

[multibagger] 06/1/2020 07:04

Conversion of LoI to a firm Purchase Order from Genus worth £3.3m

RNS Number : 7623Y

6 January 2020

CyanConnode Holdings plc

New Order for Smart Metering Project in South India

CyanConnode Holdings plc (AIM: CYAN), a world leader in Narrowband Radio Frequency (RF) Smart Mesh Networks, is pleased to announce that it has received the formal purchase order relating to the Letter of Intent (LOI) received from partner Genus Power Infrastructures Limited ("Genus"), as announced on 16 December 2019. The purchase order, worth GBP3.3 million, includes a full set of terms and conditions under which the project will be implemented.

Under the purchase order, CyanConnode will supply Advanced Metering Infrastructure (AMI) standards-based hardware, services, and head-end software, which includes a perpetual license and an annual maintenance contract. The Company's Omnimesh technology will provide a network canopy, enabling a hybrid RF smart mesh and cellular communication platform that is scalable to 200,000 smart meters.

The installation of the project is expected to be completed within the next fifteen months, with approximately 80% of revenue being recognised during the first two years and the balance of approximately 20% being received during a further 7-year support and maintenance contract that commences upon project completion and 'Go Live' phase.

The first project planning meeting to discuss the roll out and installation of the meters will take place during January 2020.

Preserving and managing CyanConnode's cash remains a key focus as the Company moves towards break-even, with a number of short to medium term funding options being considered to help strengthen this position. For example, a Letter of Credit (LoC) is being provided by Genus for this project, which will mitigate CyanConnode's financial exposure relating to the manufacture of up to 200,000 communications modules. The LoC will also facilitate advanced payment for those modules, as and when they are delivered to Genus.

[intheknow69] 05/1/2020 17:47

Imminent further contract news. Don’t miss the boat.

[realist1950] 04/1/2020 14:43

No one cares who you are or not.

Very low value posts.

[optmist] 04/1/2020 05:42

Dave4545 is the biggest pumper and dumper

[dave4545] 01/1/2020 23:18

Lurkers

intheknow69 and cudmore are 1 trillion % the same person

Go and read these accounts history, pumping the exact same stocks at the same time

A serial conman on here and on twitter

[cudmore] 01/1/2020 22:08

Poor old 69 still getting it in the neck from Dave4545. Hopefully he’ll grow up this year. He still dishes it out over on twitter. Hilarious.

Looking forward to a big rise here in January with contracts galore rumoured.

[tightfist] 01/1/2020 08:58

Try adding ALTN to your list!

[realist1950] 31/12/2019 12:35

Pretty hilarious (ie sad) reading the posts from the past 48 hours....

Many new arrivals appearing at the CYAN ball, pretending they know and understand this company and pushing their own agendas until they've exited their short term trade. Some even pretending they're in for the long term. Oh yeah!

What always amazes me with retail investors is how they'll willingly throw money at something they've absolutely no understanding or knowledge of.

Without them, CYAN would not have survived for as long as it has; it has been almost entirely funded by dilution for over 16 years and has already been reconsolidated once.

[realist1950] 31/12/2019 12:33

Pretty hilarious (ie sad) reading the posts from the past 48 hours....

Many new arrivals appearing at the CYAN ball, pretending they know and understand this company and pushing their own agendas until they've exited their short term trade. Some even pretending they're in for the long term. Oh yeah!

What always amazes me with retail investors is how they'll willingly throw money at something they've absolutely no understanding or knowledge of.

Without them, CYAN would not have survived for as long as it had. It has been almost entirely funded by dilution for over 16 years and has already been reconsolidated once.

[dave4545] 31/12/2019 09:39

69

Does not matter what Cyan does you do not hold stocks. If anybody needed any proof of your motives they can read your history and the shocking and shameless false rumours you have posted numerous times in 2019.

The fact that you use multiple accounts to try and con and mislead others.

Along with smallcappick and tops you are the most arrogant person I have come across on the shares in 20 years, you know what you are doing is illegal but week in week out you continue to do it.

You had no problem posting false rumours on Bagr when you were pumping it in September. People like you should be warned off, one day the FCA might pull their finger out and do something

[billthebank] 31/12/2019 09:24

So 69 care to share your baggers for 2020?
My top 6 are
Kefi
Orcp
JLP
Prem
EUA
Cyan

[billthebank] 31/12/2019 09:24

So 69 careto share your baggers for 2020?
My top 6 are
Kefi
Orcp
JLP
Prem
EUA
Cyan

[intheknow69] 31/12/2019 09:19

Iwax

Surely you would be topping up now to recoup your losses with all the positive news filtering through???

[marmiesz] 31/12/2019 08:54

This is clearly not a tin pot company and whatever mistakes were made in the past they are now bringing in substantial and possibly lucrative contracts,Marmie

[lwaxf13] 31/12/2019 08:53

Another year draws to a close and what a year it has been for Cyan!!! New all time low achieved below 2p. That’s a fantastic performance and it really cannot be easy getting things so wrong for so long. Well done to the world leading team. Without their expertise we might not have achieved 98% share price destruction since they came onboard. Surely we deserve to get a mention among the worse performing shares of 2019.

[dave4545] 31/12/2019 08:43

69 is long out of this stock now.

He might buy back for a fast trade but he never holds any stock more than 24 hours.

[tightfist] 31/12/2019 08:29

Lots - but in particular that JST meaningfully topped up their holding in isolation, a few months after the wider fund raising.

[intheknow69] 31/12/2019 08:25

RNS Confirmation the seller is out on its way!!! When it drops watch the herd pile in.

[multibagger] 31/12/2019 08:18

Looks like market is going to be sedate today with earlier closing and calendar year end. Twitter crew likely to lock in profits.

Still think that we will touch 4p today. Anything more will be a real bonus.

[multibagger] 31/12/2019 08:15

tightfist re 1043 - out of interest, what aspect did you find interesting ?