Cyanconnode Share Discussion Threads

[inthetin] 20/3/2018 08:54

The 30% EIS tax reducer won't quite cut the mustard i.e. still paying a 78% premium.

[inthetin] 20/3/2018 08:30

I'm not sure that I've come across a delayed subscription where the subscriber pays 155% more for their shares than they would on the open market i.e. paying £500K instead of £196K.

IMO, it won't happen - there'll be a get out clause.

[cancun tango] 19/3/2018 22:52

Looks like it's 1 person taking all the Apr subs 'One Subscriber has subscribed for 9,999,998 Subscription Shares, of which 5,482,142 Subscription Shares will be included in the EIS/VCT Admission, 2,732,142 Subscription Shares will be included in the General Admission and 1,785,714 Subscription Shares will be included in the April Admission.'Sitting on £1.7m loss so far!!

[cancun tango] 19/3/2018 22:41

To be fair, all of the shares were 'expected' to start trading on certain dates. Combined, theres currently a £272k loss on those 1.6m shares. Be interesting to see if they have to be taken up.

[inthetin] 19/3/2018 19:04

Can the 10/04/18 subscribers (1.8m shares) re. latest Placing back out?

"It is EXPECTED that April Admission will become effective". (sounds like a bit of a get out to me).

[dreamtwister] 19/3/2018 16:44

3mill burnt ! well the proposed 1.6m placing will be diluted with millions of more shares,their will be a few rough sleepers in Cambridge.

[realist1950] 19/3/2018 15:09

dreamtwister -cyan are already half way through H1 if you hadn't noticed!

Put another way 1/4 of the current 'trading' year is pretty much up....and with it, another £3 million burnt (by my estimations).

[dreamtwister] 19/3/2018 12:30

due shortly ? they can delay up to 6 months of the new tax year, as they have previously !on a wing & a prayer of a contract win !the implementation of placing will not be so pain full for investors to digest,whilst waiting for the yearly report.

[realist1950] 19/3/2018 09:02

Looking forward to seeing the renumeration of the BOD (including bonuses I suspect) in the next full year report - due shortly.

Will be interesting to see how those figures sit alongside (I suspect) a widened, record FY loss.

[realist1950] 19/3/2018 08:49

5K sell @ 10.8p points the way imo.

Looking very weak.

ADYOR etc.

[realist1950] 16/3/2018 08:52

Turnover is Vanity, profit is Sanity.

And Cyan appears to be a looooooooong way from making a profit. Significant turnover has not even arrived yet.......and some have been waiting around 14 years.

I SAY AGAIN......google cyanconnode and look at the search results.

There is very little in the way of the company actually 'doing business'.

It's all investment / PLC / LSE / Bulletin Board related.

This company should be all over third party company sites by now but IT IS NOT.

[realist1950] 16/3/2018 08:47

Clueless.....it's not even profit.....it's turnover.

(This person needs serious schooling before setting himself up on a bulletin board and pretending he is some kind of guru. A classic case of the blind following the blind).

tonyj
Posts: 1,887
Observation
Opinion: No Opinion
Price: 11.95
RE:WhateverToday 08:04Hello Colour.. I thought the South of France was quite a nice place,LOL. stedon don't overlook Greengrass he has called the bottom twice. All we need now is some big returns, not the annual £.5m to £1.5m profit. I cannot get excited with that when laying out millions. No more cusps but I feel the turning point is nigh.

[lwaxf13] 14/3/2018 15:29

Does it matter where Cyan have contracts? It's not like they are likely to actually turn them into real money. My opinion the $100M or so of orders looks great on a Powerpoint but will it become real money? I very much doubt it.

[tonys8] 14/3/2018 13:39

Do we gave any Russian contracts? We have a Ukrainian contact but can't see how that will be effected.

[dreamtwister] 14/3/2018 12:45

ive got a feeling that the russia contracts will be sanctioned,

[realist1950] 14/3/2018 12:24

Those wishing to dispose of larger tranches may find it difficult to do so, at least before another step down.

Even for a paltry 10K block, people are selling at quite a discount to the quoted bid.

All in all it gives some idea of the order book.

In the fullness of time, I can see 11.5p looking more than generous from the MM's (after all the market cap is still around c.£15M) and I'm surprised it's taking so long to go sub 10p, which, after all, is where I believe the stock will become more frequently traded once again.

8p = c. £10M mkt cap, which is imo more than enough for a company about to turn in, by my best guess, a £8M loss and with a 12+ year record of delivering only dilution and very little genuine cash generation.

Until then it seems to be death by a thousand cuts.

AIMO, ADYOR.

[mtw] 13/3/2018 10:57

This gem from LSE Glee Club...
Cyan didn't lose the eagerly awaited company transforming order... they chose not to bid. Ermmmm....

[realist1950] 13/3/2018 09:24

As previously posted, I fully expect 'sweetener news' however.

Perhaps a sprinkling of cash, like flakes of food into the goldfish bowl, with a tin, containing larger promises, kicked a little further down the street.

But it wont be enough to stave off a further cash call - in my opinion.

Not only that, but I'm going to stick my neck out here - Tuesday 13th March, 2018, and say that there will be yet another placing, next year.....on top of the one I expect to see materialise here shortly.

All in my opinion. ADYOR.

Regards.

[realist1950] 13/3/2018 09:15

For the BOD and all the rhetoric over recent months and years:



(close your eyes and it could almost be bovine excrement hitting the yard floor)

[realist1950] 13/3/2018 09:13

More (incorrect) speculation from the hapless TonyJ on the other thread: a novice who sincerely believes he's not a novice. That's alright if you're posting to yoursel in a one-man forum but dangerous and irresponsible if you're posting to other newbies and encouraging them to buy all the way down.

Still a worked seller in the market imo. Anyone buying here, is, imo, simply servicing the sell.

Now half way through yet another month and, by my estimations at least, another £500,000 burnt. By the end of March cash will be looking very thin on the ground again (that's if cash burn continued at the rate seen from September to December 2017, which is the benchmark we have to work with).

With cash burn running at, my guess, circa £1 million a month, I would imagine it will not be long before plans for another fundraising are put together.

It will also soon be time for CYAN to release their FY 2017 report. Will the salaries, bonuses and consultancy fees cooled off at all or will they be as swollen as ever? And what about the loss figure for H2? Anything over £4 million, added to the £5 million seen in H1, will probably see the largest FY loss here to date.

All written without prejudice and imo only.

[lwaxf13] 12/3/2018 14:20

We just need this at about 80 - 85p then the big hitters can bask in glory of standing still for about 5 years and doing very nicely off the back of that. Must be bonus time soon surely???

[davep4] 08/3/2018 16:10

Just an observation that if the share price falls to 7.2p then the company is worth approximately the same amount as it raised 5 months ago, (8.6m). I also understand that the recent share price weakness may in part be due to a former joint Broker dumping stock.

[realist1950] 07/3/2018 21:33

davep4 - and your point is?

[dreamtwister] 07/3/2018 09:56

still money to be made here ! betfred evens dcu completed/running....2/1f roll over uk contracts/spring......100/1 outsider iran......200/1 bankrupt brazil.....red/black india