Cyanconnode Share Discussion Threads

[bilbosenior] 19/3/2016 13:55

Monday, Tuesday, Wednesday, I am content with my position, but obviously you have a gripe ....and please do not repeat the same old boring mantra you type time and time again, it's becoming rather irksome and boring!

If Cyan is annoying you, run off like a good little boy and find a toy you enjoy playing with, one that pleases you!

YKIAIF..

(You Know It's All In Fun)

[mtw] 18/3/2016 23:06

Bilbo... Cyan already done you matey ;-)

[lwaxf13] 18/3/2016 14:22

I maintain nothing will change for the better at Cyan so long as the same people are in charge. This really could use a shakeup at the top IMO. Else more of the same continued failure to deliver.

[kaka47] 18/3/2016 14:03

Keep the lights on placing More dilution happy days

[lwaxf13] 18/3/2016 13:06

The little hamster will expect a high salary too but there is no expectation that he will add any value to the business. CV in draft now. Just waiting for head hunters to call him with the big opportunity.

[mtw] 18/3/2016 11:36

Why let facts get in the way of make believe.

[hamidahamida] 18/3/2016 09:59

The bald facts are that since its 2005 IPO Cyan has lost C£32million and in the process issued c 6.92 Billion shares talk about DILUTION, i wonder how much of that cash has gone in to the pockets of none performing directors with high salaries

[lwaxf13] 18/3/2016 07:25

Hellooooo, of course the little fella will want paying. Do any of the existing senior team work for free?

[mtw] 17/3/2016 23:31

Will the hamster want paying ?

[multibagger] 17/3/2016 19:50

...hamsters are great at the spinning the wheel with nowt to show for it... and will fit in beautifully @ CYANosed ... Iwaxf13 don't forget to keep feeding him for his tireless efforts :)

[lwaxf13] 17/3/2016 17:01

A quality team of industry heavy weights. Share price in the toilet. Massive dilution. Sales? Share holder value? I want a job like that :-) Next time cyan is recruiting a senior business/sales position I will submit my pet hamsters CV. I think the little fella could do a great job :-)

[hamidahamida] 17/3/2016 13:48

Excellent more DILUTION the board is expert at that, the only thing they consistently over deliver year after year DILUTION.. DILUTION.. DILUTION...

[mtw] 17/3/2016 10:53

Bilbo... which bit of being sold down the river are you not getting ? Or perhaps you are one of the ones benefitting ? Hmmmm

[bilbosenior] 17/3/2016 10:48

Baaaaa, baaaa, baaaaa, mtw, you have gone beyond your set boundary (Mon, Tue, Wed!)

[mtw] 17/3/2016 10:38

The happy clappers have been so diluted, they don't even recognise it anymore !!

[bscuit] 17/3/2016 10:00

Tim,
Ditto, Though one has to remember that the Subscribed Share Loss Tax Relief would be available in the worst-case scenario.

My guess is that a The VCT wanted in and the EIS relief and the only way that could be got was by placing and the "price" was that they had to buy at a premium. That may mean that institution sees value which may be good news for the future.

[liquid millionaire] 17/3/2016 07:55

Great news!

[liquid millionaire] 17/3/2016 07:49

PREMIUM placing at CYAN

[liquid millionaire] 17/3/2016 07:40

Cyan Holdings plc

("Cyan" or "the Company")



Issue of Equity



Cyan (AIM: CYAN.L), the integrated system and software design company delivering mesh based flexible wireless solutions for utility metering and lighting control, is pleased to announce that it has raised £450,000 by way of a subscription for 250,000,000 ordinary shares of 0.01p each ("Subscription Shares") at a price of 0.18 pence per share (the "Issue Price") (the "Subscription"), representing a premium of 20 per cent. to the closing mid-market share price on 16 March 2016.



Highlights



· Issue of 250,000,000 Subscription Shares subscribed by new and existing private investors to raise
proceeds of £450,000

· The Issue Price represents a premium of 20 per cent. to the closing mid-market price of 0.15 pence on 16 March 2016, being the latest dealing day prior to the announcement of the Subscription

· The proceeds of the Subscription will be used for working capital purposes

· The Subscription is not underwritten. The Subscription is conditional only upon admission of the
Subscription Shares to trading on AIM



The Subscription has been undertaken pursuant to the general authorities granted to the board of directors at the general meeting of the Company held on 30 June 2015 and therefore no further shareholder approval is required. The Company has received HMRC confirmation that the Subscription Shares will qualify for EIS tax relief under the Company's existing EIS headroom of up to £12.6M (of which £3.9M is available in the 12 month period to June 2016, and £535k still available at the Issue Price under the general authorities granted to the board of directors in June 2015).



Following the admission of the new Ordinary Shares, the Company's total issued share capital will be 7,080,506,012 ordinary shares of 0.01 pence each. This figure of 7,080,506,012 may be used by shareholders as the denominator by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.



Application will be made for the admission of the Subscription Shares to trading on AIM and it is expected that the Subscription Shares will be admitted to trading on AIM at 8.00 a.m. on 23 March 2016. The Subscription Shares will rank pari passu in all respects with the Company's existing ordinary shares of 0.01 pence each.



John Cronin, Executive Chairman of Cyan, commented:



"I was delighted to be approached by new investors wishing to take advantage of the EIS tax relief available through investments in Cyan during the tax year ending on 5th April 2016. I was particularly pleased that we were able to secure these investments at a premium to the current share price. I'd like to welcome our new shareholders and thank the existing shareholders for their continued support."

[lwaxf13] 17/3/2016 07:34

Excellent. More dilution but should be enough cash there to pay fur a few salaries for a while longer whilst the share price gets destroyed. Shareholder value?!! Great job by the team at CYAN and nice work if you can get it.

[timbo003] 17/3/2016 07:12

I was invited to participate in this placing at 0.18p late yesterday afternoon, my response was I would have some at 0.14p but at 0.18p definitely no.

The EIS tax breaks are valuable but not that valuable

[mtw] 15/3/2016 19:04

Sabre... I'm glad you have found my posts regarding the appalling destruction of shareholder value informative. Some shares do indeed seem suited to the dung heap. I am also glad you seem able to sleep easily. I will of course let you know regarding the share price direction as and when ;-)

[lwaxf13] 14/3/2016 22:11

I am off for a good sleep too. I expect to wake in the morning to some great news from the industry heavy weights at Cyan. Just kidding on that last bit ;-) Good night everyone and try not to have nightmares.