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Thank you LTI
I do not believe that you can compare the UKSMIP contract with the BI contact, as they are totally different in nature.
My understanding is that the number of ‘’active” RF connections are reported by the DCC to CC on a regular basis. I do not know what controls CC have in place to audit the numbers reported to it.
From the numbers you have highlighted, I believe a reasonable person would conclude that 500k Licenses cannot of been “activated” and therefore CC’s statement is untrue.
CC may say “activated” simply means Connode pre-sold 500k Licenses!
Sorry Bull.Bear,
Try http://cyanconnode.com/investors/presentations/
May 15th, 2019.
LTI.
Good morning Bull.Bear.
I have provided the Powerpoint Presentation of the 2018 Finals Results, from May 2019, in case you have any doubts about what I have indicated. The relevant page is page 18.
http://cyanconnode.com/wp-content/uploads/2019/07/CyanConnode-Final-Results-2019-Presentation/FINAL_15.05.19.pdf
Another point to maybe consider, is the CyanConnode Newsletter published during February 2019, concerning the Beijing Instruments Licencing Deal and the mention of the way production/installation is " tracked."
I think you refered to it previously as a " unique identifier." CyanConnode refers to it as a " unique handshake " or an " asymmetric key." I believe this is used to protect both parties, both customer and CyanConnode, in the journey the licence takes, from manufacture, through to delivery and onto installation.
CyanConnode can track when a licence is manufactured, when it is installed in the meter and eventually, as I understand it, where the meter/licence is eventually installed.
http://cyanconnode.com/news-events/newsletters/
I would imagine the " activation " comes in, at one of these stages.
A similar system of " tracking " may be being used with the UK roll-out?
LTI.
LTI
If you are correct, it still doesn’t reconcile with CC’s statement that 500k Licenses have been activated.
In my opinion the company’s statement is untrue and if I were a director, I would be most concerned that such a statement was misleading investors.
Sorry, should read " to be working."
LTI.
Good evening Bull.Bear.
As we understand it, there were 150k smart meters converted to mesh, as of the end of May 2019. Roughly. Toshiba had supplied 1.5 million hubs to DCC. This seems to be woring on the 10% requirement/ratio for " not-spots."
Different areas may/will require a different " not-spot " requirement, so the percentage/numbers will change accordingly, as installations take place in various regions.
All in my opinion of course.
LTI.
We could all hazard a guess, but probably a lot easier for the company to explain itself.
I don't know how these contracts work but might the old Connode have put a time limit on the 500,000 licences that they sold i.e. they had to be 'activated' by a certain date and that date has arrived?
Hello Bull.Bear,
There has already been someone on the bb, who I understand contacted the DCC on that very question, who has not, to my knowledge received a reply.
LTI.
And it can only be deliberate by the CEO, what other interpretation is open for 'activated' in the context of these licenses?
With regard to “My only question was have these 500k units been installed as indicated by 'activated'.”
The answer is (i) 500k RF modules have not been installed and (ii) 500k Licenses have not been activated.
The License is activated when the RF module communicates with the DCC, so if there are 500k RF modules ‘sitting in fitters bags’ the Licenses remain inactive.
Furthermore, if you use the CC 10% ratio and the 2m DCC stated connections, you arrive at 200k activated Licenses, (500k Licenses would equate to 25%).
Perhaps ask the DCC how many connections are using RF as CC will never tell you, (I believe it to be less than a few thousand).
The point is that CC maybe deliberately mislead investors, (hence the recent SP rally).
Personally, I take a very dim view of a BoD deliberately lying to its investors.
Hi B.B.. Last shot at this as we may be digging ourselves into something that is not going to change our lives.
I am aware of the 500k being licences which I was not aware of at the acquisition, not happy on that although we would still to have to purchased for the sake of IPv6.
My only question was have these 500k units been installed as indicated by 'activated'. If so CC is now into new licences at this time and first installation fees. May be up North perhaps. I think not, more likely the HAT2 are pre-activated and sitting in the fitters bag.
The other question that I think I raised and JC will probably be able to answer is why do we need to have 4 CC RF connected together. If they just seek a SIM nearby then 1 should work. Is this an excuse to stick RF to back of queue and go for easy pickings.