Cyanconnode Share Discussion Threads

[bscuit] 19/12/2019 18:31

I am still here. Most days I think about baling my last holding, which has matured EIS, but so far down. It’s a horror story, when you think back to listing @25p, 200 to 1 consolidation, my last placing at 10p and the recent low.

I suspect the lack of director purchases could herald good news as if they bought it would mean there was no upcoming major news. Fingers crossed.

[lwaxf13] 19/12/2019 17:55

Looking great today. Only down now about 97.75%. Way to go JC. World class CEO if ever there was one. Every business decision here has been a gem :-)

[kilijarslan] 19/12/2019 17:43

Yes and o my more to come

[galaxy enforcer] 19/12/2019 15:57

So, if I am correct, that one deal is valued approximately the same as what the market values the whole of CYAN. Interesting !

[kilijarslan] 19/12/2019 15:45

I think the 3.3m has been missed by pi's here. Even by myself!I think the bottom has been and gone imo.With further contract news due I'm happy to have bought a few more today.

[cpap man] 19/12/2019 14:21

Another day and a RISING share price @ CYAN !?!?!

[lwaxf13] 18/12/2019 18:59

It’s not so bad. Only down about 98% since JC brought his big bucks world leading skills to Cyan. Could be worse. Couldn’t it?

[realist1950] 18/12/2019 17:25

tonyj - you're a donkey.

[multibagger] 18/12/2019 08:04

JC video on recent contract today - spells out £3.3m deal (so I was not far out on a $3.55m guess). Project starting in Jan 2020.

[tightfist] 18/12/2019 08:00

Just a thought...... can you gift them to charity and would HMRC treat it as a disposal?

[escapetohome] 17/12/2019 16:21

Oh dear!!

New all time low?

[multibagger] 17/12/2019 16:04

CT - I think that they will secure a loan for working capital or use invoice discounting or some other mechanism avoiding equity dilution.

Given the NED is the single largest share holder he won't be pushing for equity dilution if I were him.

Isn't there some rule that you cannot raise funds if your share price is below your Share face value ? Or they'll have to consolidate the shares before raising funds through this method. The accountants on this BB will put me right.

They have repeatedly stated that we are okay cash wise - but then they have stated so many other things as well. Credibility is zero.

[cancun tango] 17/12/2019 15:56

They're waiting to load up during the imminent, heavily discounted placing maybe?

[multibagger] 17/12/2019 15:54

SBP thanks and agree - to me it is about riding out this awful share price storm and hope that CYAN have enough funds to see us through.

[multibagger] 17/12/2019 15:53

Here's me speculating again...why aren't the Directors buying given the dismal share price ?

We are led to believe from the Arden Research Note that there are 3 or 4 contracts that we have ostensibly won and (with 1 of that tranche being announced yesterday) and the quantum is circa $15m. So this can't be the reason for a closed period.

Also the end of financial year has been moved back to end Mar 2020 - so that can't be the reason for a closed period either.

This is the speculative element - Are there are some ROW contracts that are pretty close to contract awards and therefore forcing the BoD into a closed period ? Idle speculation on my part, as if the contract prospects are so good, the BoD would be desperate to buy surely ?

I would imagine that the likes of DJ-P could chip in with another £150k and take another 10m shares.

There seem to be some posts on the other thread from ColourBounce (who is generally cynical and pessimistic about CYAN) - I seem to detect a faint hint that he/she now possibly appears convinced that the LOI announced yesterday was an actual order.

Still can't believe such a large order did not lead to a bounce, but on the contrary led to a 9.33% drop yesterday and a further 10% today :(

[stupidboypike] 17/12/2019 11:46

mulibagger, I've been here years too, small investment. FWIW I still buy the story, but it is going to take a LONG time after any good news for the share price to turn. Trust in this share (with good reason) is around zero.

Best regards

SBP

[the bull] 17/12/2019 09:50

If this company was any good, it would be bought out by now, shut it down so we can use the loss against future GGT. I am not going to pay £11 to sell it when my stake is only around £20 lol, what a dog stock

[lwaxf13] 17/12/2019 06:58

I hope they have enough room left in the Letters of intent drawer to put this new letter of intent away safely. We wouldn’t want to lose any of our important letters. French letters might be worth more than a cyan letter of intent :-)

[multibagger] 16/12/2019 20:44

realist1950,

I still buy the CYAN story in India and the potential, though my timings in CYAN investments and top ups have been dreadful - but only paper losses to me at this time ! On reflection, I have grossly under estimated the political risks and delays involved in such an ambitious and expensive rollout in a developing country. Lesson learned.

Anil will deliver - of that I am confident.

The communications from CYAN have not helped either - they specialise in shooting themselves in both feet, repeatedly, once every quarter with a shotgun and are blissfully unaware that they are bleeding !

However, I am confident enough to trust my own financial judgements which have served me very well over several decades - being a contrarian can be lonely place and not comfortable for many. I don't need a chorus of cheerleaders or take comfort from the herd.

Each to his/her own motivations for investing, risk appetite and staying power to think longer term.

Pray do tell why you still post here, if you have been wise enough to have sold ?

[realist1950] 16/12/2019 20:38

Still only one page hit from India in over two years multibagger.

[multibagger] 16/12/2019 20:17

$25 is what CYAN technology (hardware and software) was projected to get from each smart meter over the period of 5 years or so in India. CYAN are likely to have different markups/pricing structures in other countries.

The overall smart meter costs in India (smart meter + communication module etc) would be way higher than $25 - but this larger overall figure is not relevant to our revenues or bottomline.

Once smart meter rollouts happen with large volumes, it is likely that our customers/partners will expect volume discounts from us, as in any other business.

But at this time, our margins are very good to say the least.

[knowing] 16/12/2019 19:37

If you can buy a smart meter for $25 even in volume then my name is David Dimblby. You would be hard pushed even to get an RF module at cost at that level even when selling in the millions.

[realist1950] 16/12/2019 18:50

You seem completely unable to acknowledge the reality here.

This despite yourself having been shafted all the way down.

It's astonishing.

Enjoy your echo chamber.

[realist1950] 16/12/2019 18:46

It's not even a contract, it's a letter of intent.

The fact you're puzzled by the markets reaction to this dross beggars belief.

This company has seen shareholders royally shafted for over 15 years (despite people like you encouraging people to buy in at every opportunity).

Looks as though people are finally growing wise.

[multibagger] 16/12/2019 18:30

Another totally puzzling day for CYAN - beggars belief

1.Boris bounce lifting the market in general

2.A circa $3.55m contract (my guess) which is about the same as our current market cap is announced and our share price closes about 10% lower ?

3. Not forgetting that this is the first of a tranche of (ostensibly one of the 3 or 4 contracts awarded) but not yet announced.

Just shows that the credibility of the company has been frittered away steadily and sadly with the share price keeping pace.

And there I was thinking we could be climbing back towards 2.75p-3p today - surely I must have been sold a pair of CYAN tinted glasses, instead of the rose tinted ones !!