Cyanconnode Share Discussion Threads

[davep4] 13/6/2018 17:11

realist1950, I was agreeing with your statement "I believe in any other company, given the last set of results, there would have been resignations".

[inthetin] 13/6/2018 16:59

Sorry CT, I was referring to JC helping himself to bonuses and his £80K back pay before the opportunity to do so evaporates.

ITT

[lwaxf13] 13/6/2018 16:39

I think JC and "his" senior team should be applauded at the AGM. I propose a slow hand clap to thank them for the never ending failure. Though I guess if you are trousering a couple of hundred grand a year that is not failures

This AGM will be great. Do cyan lay on busses between their office and the train station?

[inthetin] 13/6/2018 16:30

The latter.

[cancun tango] 13/6/2018 14:57

Oh? Have you bought back in ITT? Or are you talking insolvency?

[the bull] 13/6/2018 14:04

i bloody knew i should have shorted this at 10p, this has 5p written all over it and any fund raiser. This was a barry muncaster tip a few years ago, that says it all

[realist1950] 13/6/2018 14:03

davep4 - in what way do you think "I'm right" regarding resignations? Ie that there wont be any? That there 'can't' be any? Or there will be?

I don't think I've committed myself in any one way in my post.

Thanks.

[emptyend] 13/6/2018 13:42

I'll be there.

[davep4] 13/6/2018 13:31

realist1950, I think you are right about resignations, anyone going to the AGM?

[inthetin] 13/6/2018 12:46

Last chance to nab them before it goes pop.

[mtw] 13/6/2018 10:43

You've just got to hand it to Cronin having the bottle to have taken those bonuses. That must take some special kind of self perception.

[realist1950] 13/6/2018 09:39

I believe in any other company, given the last set of results, there would have been resignations.

I can't help but look at the financials snapshot (below the graph, above) with a kind of morbid fascination:

£11.4 Million loss. Revenue £1.17.

Marry that to directors pay, including taking money for services apparently rendered in previous tax years.

It's kind of unreal.

But the structure of the shareholding here means there is no real pressure on the management; it's unlikely any of the key personnel can or will be sacked.

[realist1950] 13/6/2018 09:25

Once again people are selling in the 7ps in order to get shot of any volume.

Stock looking very weak.

[lwaxf13] 12/6/2018 23:25

£57M?!! £1.17M revenue!!! That is shocking. Seriously WTF has been going on at this company?!!

No harm done I guess, we are world leaders afterall and have a top drawer team.

[realist1950] 12/6/2018 22:28

The following post stood out to me a few weeks back:

smithless

23 May '18 - 09:45 - 2452 of 2529

0 1 0
A staggering £57m of cash has been thrown into this business over the years to generate £1.17m of revenue - unbelievable. I would say Ken was better at running a business than John, but he wasn't. Same sort of promises year after year.

[cancun tango] 12/6/2018 22:10

Christ, 4/100ths of a penny. I remember selling some of these at 1.05p.

[lwaxf13] 12/6/2018 21:58

No, let's all look forward to a bright future for cyan. Let's see if the options get priced down again to something pathetic. Then based on form we can be pretty confident the savvy team won't hit the price :-)

Btw now .04p (that's 4 hundredths of 1p in old money!!!) on the bid. In case anyone forgets this is down over 90% since JC arrived. Nice work if you can get it. So even if this climbed to 80p the bod would have nothing to brag about.

[cancun tango] 12/6/2018 13:24

Lost a third of it's value in less than a month. But, you shouldn't look back to see where this is going.

[yump] 12/6/2018 12:31

But if they're going to sack world leading people, surely a fundraising would be needed for that ? I mean they're going to get bumper packages surely ?

I don't know why people always quote funds investing as a positive - it would be more relevant to say that a load of pi's have invested (multiple lots of research using their own money).

The only time I've seen a negative comment on a fund investing was Blackrock, because someone previously got the 'ump about them shorting one of their other investments.

[cancun tango] 12/6/2018 12:30

At £6k/m, that's 30 employees! Maybe they're shutting down Sweden office, won't be cheap

[mtw] 12/6/2018 12:22

Maybe its resignations... were the bonuses high enough to keep the world leading talent ?