Cyanconnode Share Discussion Threads

[multibagger] 14/9/2024 14:04

Hi SBP :)

Off shore wealth and tax planning is part of reality for the UHNWIs. The cost of good advisory services (accountancy, corporate, legal, compliance & regulatory) for various jurisdictions and the costs setting up and running such schemes always have to balanced with the quantum of assets. Exceptional levels of confidentiality underpin such arrangements hence the "costs" of the Panama papers etc. For people who have such arrangements - usually in multiple jurisdictions are in $ Billionaire territory.

What is very interesting to me is that it is more than likely they would have approached us, rather than the other way around. These kind of offshore tax haven entities don't entertain or indulge cold callers and certainly not those coming around with a cap in hand who will get short shrift. One thing is pretty nailed on - they would have very, very deep pockets and this £3m would not even register.

All very positive IMHO :)

[inthetin] 14/9/2024 10:18

Hi SBP

My initial thought was that there may well be a vehicle created that owns up to 2.99% (9M shares) and that it is this vehicle that is actually responsible for the selling when good news is released - a vehicle to manage/fix the share price

I don't understand why you can't post your thoughts but that's your call.

KR

ITT

[stupidboypike] 14/9/2024 09:58

“Why would you invest so heavily in a company that you have shown little to no interest in previously?”

I have a theory about that which I can’t post, but think carefully for a while and you may well get the same answer as me. Remember it will be very difficult (impossible?) to know who is behind Axia. If my theory is right it is very positive for cyan.

Best regards

SBP

[inthetin] 14/9/2024 09:19

The answer to 3 - 5 of post 8715 is obvious.

It's because Cyan's share price shouldn't have been 7.7p in the first place.

The way I see it, the main players (including BoD) have acquired themselves 10%+ of the company at at least a 50% discount. Axia wanted to hold the maximum number of shares but avoiding being classified as a related party. Why would you invest so heavily in a company that you have shown little to no interest in previously?

They would never had found themselves in this position (being 9.8% shareholders) if the share price hadn't been fixed for the last 5 months or so.

As a long-term investor in Cyan, I feel like I have been completely mugged this week.

My only consolation is that I have increased my holding by 20% over the last 5 months or so and always paid 8p or less. As an investor, you shouldn't constantly be on your guard to protect yourself against your own BoD's actions.

I'll be interested to see what happens next.

Have a fun weekend.

ITT

[derek ten bag] 13/9/2024 16:28

I'm getting the sense that folks on here are a bit more sanguine about recent developments than they were a few days ago. Personally, I would imagine that CC and its team would have done all that was necessary to ensure that everything was above board. There are clearly things going on in the background to which we are, understandably, not party but I, for one, have faith in the board to deliver a good outcome for shareholders. If I didn't think that I would have sold up long ago. But the market is as flat as a pancake at the moment which means that for CC to move forward will require truly game-changing news, and then some. If posters like Multi and SBP (and some on the other board) are comfortable with where we are then that's good enough for me. GLA.

[multibagger] 13/9/2024 16:21

Hi beeezz,

Needing money can be a sign of a growing business or a business fighting for survival and about to go bust. The main purpose of being a listed company is being able to access funds - if a company can self fund, it really does not need to be publicly listed, unless the promoters want a partial exit and don't want to sell to private equity.

1.Given the financial results announced over the last 4 years or so, which of the above scenarios fit the bill you think ?
2.Do you think the company is growing or withering ?
3.What do you make of a circa 17.6% premium to the share price fundraise oversubscribed by 27% in these current markets and needed to be scaled back ?
4. Why would a Cayman based entity pop £3m and come in as a strategic investor ?
5. Why would 3 BoD members subscribe to £295k worth of shares - which by AIM standards is huge.

[beeezzz] 13/9/2024 14:32

Not sure what is going on here, they are forever needing more money, when will they stand on their own two feet and not need further fundraising, this IMO is holding the share price down.

Maybe profitable in 2025 with major orders coming in..hopefully

[stupidboypike] 13/9/2024 13:50

Caymen Islands was correct - well done John.

Best regards SBP

[daddy warbucks] 13/9/2024 10:38

I've not had chance to look into ice as yet. Will take a look over the weekend.

[stupidboypike] 13/9/2024 09:00

Some information on "family offices"
hxxps://www.investopedia.com/terms/f/family-offices.asp#:~:text=What's%20a%20Family%20Office?,%2C%20concierge%20services%2C%20and%20more.

As mb mentioned, the £3m is likely to be a very small fraction of the wealth being managed by AXIA.

I don't think we will find any more info in the public domain, so I will stop looking now.

Let's hope for more news and a long awaited share uplift before the end of 2024. I think we have a decent chance of that.

Best regards SBP

[daddy warbucks] 12/9/2024 21:50

Further link

hxxps://offshoreleaks.icij.org/nodes/56091250

On this page there is reference to essDocs Limited.
When searched they have been taken over by ICE,

In the link below is the following
“ ICE was founded in 2000 with a mission to digitize energy markets and provide greater price transparency. ICE has been working to improve analog industries and transform them through digitizing processes, which is exactly what essDOCS is bringing to global trade management.”

hxxps://www.essdocs.com/blog/essdocs-is-now-part-of-ice

Well done Johnwall.

[daddy warbucks] 12/9/2024 21:41

It appears there HQ is in Monaco.

hxxps://opencorpdata.com/lei/213800CL3YNEZ7Q23G40

[stupidboypike] 12/9/2024 19:18

That looks highly likely John. Well found.

Best regards SBP

[johnwall] 12/9/2024 18:36

My guess would be this outfit - in which case I very much doubt that anyone will find out any more about them

hxxps://www.lei-lookup.com/record/213800CL3YNEZ7Q23G40/

[stupidboypike] 12/9/2024 17:28

At the end of the day, whoever they are they have placed a £3m bet on Cyan doing well, so they must have done a fair bit of DD. Coupled with the 6.5m order I feel much happier today than I did a few weeks ago.

Best regards

SBP

[johnwall] 12/9/2024 17:14

The CH record that SBP posted a link to says that company's business is buying/selling/operating real estate so I doubt it's them.

Axia will presumably have to file a TR1 (major holdings) declaration very soon so we may find out a bit more then, tho I suspect they'll be registered in a jurisdiction where basically no disclosure of any details is required.

[daddy warbucks] 12/9/2024 17:13

Thanks Nick. I have no idea if the ones I mentioned are the ones named in the placing. Sorry, I was just doing a search and came across them.

[inthetin] 12/9/2024 16:39

Hi NTG

I don't know who they are.

Could it actually be an individual hiding behind Axia (Seychelles lot) that I sent you the link to earlier.

£3M from somewhere like that seems more likely to me.

Why is being an investor in Cyan so frustrating?

GL

ITT

[inthetin] 12/9/2024 16:30

Hi NTG

Sorry, I don't think that it'll be Potter's company i.e. the company that submits its 2021 accounts as its 2023's with Companies House.

As at 31/03/22 (latest accounts), it had £6K in the bank.

ITT

[nick the greek 1] 12/9/2024 16:21

Hi Inthetin

Who don't you think it is?

The one SBP and I think it is (Bernard Potter) or the one D W thinks it is?

Sorry to be a bit thick?

I don't see why S H shouldn't divulge, its important information and they must have cleared them.

[inthetin] 12/9/2024 16:15

Hi NTG

I don't think it's them.

Are SH obliged to divulge? I'd be surprised if they are.

GL though.

ITT

[nick the greek 1] 12/9/2024 16:08

Hi SBP

Yes, that's who I have them down as but I am not sure.

Also as a "family office" which I understand they are, I can't see them being the outfit D W refers to?

If Panmure didn't introduce them then I assume they know JC direct or must have approached him direct which again is a little unusual as that's Panmures job isn't it?

If they were introduced direct and dealt with the company direct (as I have been advised) then it probably lends more weight to Inthetins "defensive" strategy?

Although as CousinIT (I think?) said they must have done a lot of their own DD and be quite hopeful of an exit strategy further down the line?

Lets see what Strand Hanson have to say.

[inthetin] 12/9/2024 16:06

Hi NTG & SBP

I did post this on LSE on the 9th:-

Hi gizmo555

Who the eff are Axia Investments Limited?

Are they the same Axia Investments Limited who file their 2021 accounts as their 2023 accounts with Companies House?



Looking forward to seeing the actual 2023 accounts filed and whether their Shareholders Deficit has reduced.

You'd have thought that JC, HP and others might have insisted on them getting their house in order.

Don't tell me, that's not THE Axia Investments Limited.

[stupidboypike] 12/9/2024 16:01

I wonder if it is this company:-


I couldn't find anything about them online other than the companies house reference

Best regards

SBP