Cyanconnode Share Discussion Threads

[major courtenay] 20/3/2017 13:08

When it falls back below .2 am tempted to make a small top up. News has certainly been interesting. However, no blinkers here, I full accept it's a pretty binary bet, no guarantee.

[johnwall] 20/3/2017 12:50

Also FWIW - I'm currently being quoted 0.2063 to sell but only 0.205 to buy. Mind you, with a 10% spread between the indicated bid and offer prices there's plenty of scope for a bit of market maker messing about!

[lwaxf13] 19/3/2017 22:21

Interesting times ahead?!! For who? ;-) PIs on this board can only speculate (aka guess) about interesting times ahead and the only real indicator of future performance is past performance of the top drawer Cyan team which to put it politely has been disasterous for shareholders who bought into the years of PowerPoints.

[bscuit] 19/3/2017 20:56

L&T were Tier 1 in India....

[dwall] 19/3/2017 20:45

timbo003

Appreciate your input.

Interesting times ahead at long last it seems.

GL

[bscuit] 19/3/2017 19:23

MB...... what you say sounds logical.

[dreamtwister] 19/3/2017 17:46

.what contracts from the previous mates rates with jst,"none" with all the global contracts trending cyan the self proclaimed world leaders should consider signed contracts before diluting the pi shareholding with mates rates to jst,the last dilution was for working capital to pay staff wages ect,as we approach the new tax year the jst sweetner was to pay for cyans tax liability or they would of been declared insolvent ! expect further dilution to pay for cronins bonus,

[multibagger] 19/3/2017 14:49

Of all the reasons for the fund raising, the following 2 clauses are the most specific and forward looking/heralding the prospects IMHO ...it could be that due diligence by the Tier 1 Meter Manufacturer(s) into CYAN could have wanted evidence of financial stability before they were willing to sign on the dotted line and hence the specific clause.

· for the development and delivery of solutions that are being specifically requested by customers;

· for the integration of CyanConnode's solution into additional Tier 1 meter manufacturer partners, which will allow CyanConnode to target larger contracts;

Hence, with this fund raising and potential procedural issues out of the way, we could be pleasantly surprised with some improved newsflow/announcement of further contracts !

Good luck all :)

[emptyend] 19/3/2017 08:40

...ps...as I indicated, I bought more at 0.182 after the news broke......I didn't sit around whingeing about not being included in the offer at 17p!

[emptyend] 19/3/2017 08:38

...well, just to rebut another contribution from the tax-avoiding EIS club, I for one am very glad indeed not to be diluted any further simply to accommodate additional investors who want to avoid more tax!There is NO right to EIS shares .....and the directors are obliged to act in the best interests of the company - and would appear to have done so.

[bscuit] 18/3/2017 23:51

My email to Beaufort, who have some of my shares in a nominee a/c, has been read. I would have expected them to have crosschecked whether any of their account holders had purchased with EIS -- they sent me the EIS Certificate from July 2016 only two weeks ago. I know I'm small beer, but have held forever, including pre-listing in which I played a material part as the company and B are aware. I'm annoyed.

[emptyend] 18/3/2017 19:08

I never by shares using EIS. Sorry you were denied your "right" to an additional tax break that the rest of us don't get......

[dwall] 18/3/2017 17:19

Guff you too emptyend

It wouldn't be 5% with EIS

But then you know that.

[emptyend] 18/3/2017 16:27

Guff. Company needs money and it was offered at a decent enough price with minimum fuss and time. If you think the company has issued shares "on the cheap" then you shouldn't worry about the fact that you haven't had the opportunity to share in a 5% discount......you should worry about being underinvested when the shares double!

[dwall] 18/3/2017 16:14

Bscuit

Exactly.

I am extremely disappointed by not being asked and have told the BOD, not that i was given any grace, just told to take it up with Beauforts which i will.

I too have taken part in every placing since 2013 including substantial EIS purchases and was not asked this round, i do not know of any other investors that were offered any either and i have asked a few.

Prior to this i was told that no more stock would be placed at these levels with JST even if it was requested.

So what did JC convey to our "strategic" partner two weeks ago in Thailand that made Mr Stamp so keen to throw in another couple of million without us even being asked?

It makes a mockery of the wording of the RNS.

Who are the other existing EIS investors? Its presumably not Katie Potts either?

There is something very strange about how it all was seemingly rushed through too.

The first RNS was almost uninterpretable and then an HOUR later we were told its all done and dusted by a better drafted follow up!

Cyan constantly do themselves no favours with regard to longterm investors who have helped the company grow to here, none whatsoever, which in turn makes them (and new investors) overly suspicious.

Presumably we will not see any share price enhancing announcements in the near term as otherwise surely the BOD would have waited before selling more stock at almost record lows to their strategic partner!

Yeah right......

[bscuit] 18/3/2017 14:18

Tim,


While the discount is small I am annoyed that though the company had enjoined its advisors to give the chance to previous EIS supporters -- who by definition would not be turning over their shares -- I wasn't contacted. I was in NZ till 11.03 with a switched off fone, but there were no missed calls. If a takeover happens before EIS maturity then I have other unused losses, but that's not the point. Support is a 2-way street and I have been in 4 other placings. Small investors should be given the chance.

[sabre6] 18/3/2017 10:26

speaking of hot air how are you Iwaxf13

[lwaxf13] 18/3/2017 09:06

Excellent. Is it another cringe worthy Cysn scripted Brr interview packed full of the usual hot air and patronising sound bites for shareholders that never deliver anything for shareholders? Nice work if you can get it.

[timbo003] 18/3/2017 07:38

There's a new interview with JC where he discusses the latest funding round and the current business on Brr media

It sounds like the fund raising was demand driven via JST, the VCTs and large EIS investors. It would have been good to have been given the opportunity to participate with some EIS shares, but given the modest discount I am not going to complain too loudly on this occasion.

[lwaxf13] 17/3/2017 16:58

How the hell do you focus and provide pre sales support on 94 opportunities with headcount of around 60?!! Even six jobs George Osborne would struggle with that though I imagine if it was fee earning George would step up to the plate and take on all jobs on offer.

How much are these 94 opportunities worth? More than a trophy I hope :-) We might never know :-( oh and what time frames are on these opportunities to generate cash? Again that bit is missing.

[rochdale] 17/3/2017 15:40

this reads well or am I wearing rose-tinted spectacles - especially the Telefonica bit

"Building on the Company's recent momentum, CyanConnode is actively pursuing a number of projects which the Directors believe have a greater than 50% chance of success and an overall significant pipeline of 94 opportunities.

In November 2016, the UKDCC announced the official "go-live" of the UK SMIP and the commencement of operations at the data centre for communication between consumers and the utilities. Consequently, the rollout of smart metering can now commence during the current year and will involve the installation of 53 million gas and electricity meters nationwide before the UK government's targeted completion date of 2020.

CyanConnode was selected by Telefonica and Toshiba to provide a software platform that uses narrowband mesh technology to complement Telefonica's existing cellular network, allowing previously off-grid households to be reached as part of the SMIP. Telefonica was awarded a contract as the preferred communications service provider in two out of the three regions tendered by the UK Government. Telefonica's SMIP solution utilises its existing cellular network in the UK, supported by CyanConnode's C4 solution, which connects households without reliable cellular coverage (known as "not-spots" by the mobile network operators). The CyanConnode software license and support fee revenue is expected to total £25 million over the life of the contract and we are pleased to note that the 2016 milestones under the UK SMIP contract were successfully delivered."

[lwaxf13] 17/3/2017 14:03

Add up all the cash this excuse for a company has burned through and I think you will find the talk has not been cheap for anyone on this board. It's been a very expensive exercise to keep this gig going. There are winners of course. If you are on the payroll.

[emptyend] 17/3/2017 13:24

....talk is even cheaper from armchair experts, I note.....