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tonyj, you will never get it as you refuse to. BI deal was used to explain the pathetic 2018 YE revenue......
This signed Licensing Agreement is the high margin license sale opportunity expected in late in 2018, referred to in the Company's previous announcement of 19 October 2018; the Company is currently taking advice from its auditors regarding revenue recognition in relation to this signed Licensing Agreement.
2019 YE had new excuses that we all well know. There are ALWAYS excuses for the revenue going nowhere near the expected levels. It's not even a case of DYOR, this BoD have been a car crash failure for way too long. In the real world, they would have been removed a long time ago. Unfortunately they are not in that world, and I know you never had to work in it either.
Hello ITT.
I think the reverse. They have hung around all this time, probably only small investment to them and if it is now possibly going to earn it is worth the wait.
The key as I see it is, the near outcome of these recent contracts which appear to be creating fast income for the likes of Indore by reducing losses, new ventures into Thailand via JST and possibly UK starting back up.
If these all come to nothing then you might be right but not until then.
DYOR
ITT, I remember those days of a 200M company and all the positivity, look where we are now!
This company has never taken off, despite the alleged pipeline of work, which too date has not materialised.
I still maintain that JC is a crook and should have been sacked, many people have been robbed of their hard earned cash because of his lies and deceit. LTH's will know and hurt, that's a fact and nobody is accountable.
Tony, see below, you've been using the gold analogy for over two years now and SP down 80%. I would like to politely point out that you sir, are full of shot, and I shall continue to bring that to everyone's attention.
tonyj
Posted in: CYAN
Posts: 4,006
Price: 9.25
No Opinion
RE:9.25p21 May 2018 11:33
Anybody who buys in now could be sitting on a gold mine, this is AIM but the contracts could mature in coming 18 months, may be sooner if UK starts its returns in Q4, these are guaranteed at some time, just when.
This is why his average is well over 50, and desperation is starting to bite.
Well Ted, it is a pity that it has turned out this way for you. Remember when you were pumping cash in by the lorry load and full of praise. Things do not always work out as expected. As different contracts i.e. SMETS2 came on board high hopes and then hiccups, mainly due to government policy changes. If Iran had taken off we would all have been over the moon, remember all the back slapping, then Trump intervenes and its JC's fault.
It's AIM Ted get used to it. Don't miss this last boat.
DYOR
Hi Seawolf
Harry Berry didn't do too badly either. He picked up £200K (two hundred thousand pounds) in 2017 and in 2018 he received £100K.
The 2018 Annual Report says:-
"The reduced rate of pay resulted in basic salary of £100,000 and a bonus of £50,000. The bonus was to be paid in shares based on revenue of £7 million being achieved for the calendar year ending 31 December 2018. This revenue was not achieved and the bonus was not paid."
That's all well and good (i.e. the £50K bonus) but what was he actually paid £100K for? Wasn't his job to convert the $100K order pipeline into sales? I'd be interested to know how many hours he worked for that £200K and £100K. Not many would be my guess.
How long ago was Iran? Why did CC get the order from another supplier that didn't want it? What has CC done since?
Why bang on daily about the same subjects tonyj?
How about getting some real detail on one, and then understand how the contracts are pretty much worthless against the RNS hype when they land. Nothing, ever, comes out as CC predict.
Harry Berry, another hand picked JC Clown. Mates of old, Harry is now Consultant to CC, you couldn't make it up. His only words of note were no one will ever make money from the UK SMIP. The way that's going, he might for once be proven right.
Maybe your the thin controller tony lol, someone seems to be in control of the sp, no visible news to warrant current rises.
Conclusion your strong buy works -:)
Keep at it Colour. If I was at 50p I must admit I would be desperate, seeing very little chance of recovery.
However, against my normal trading I instincts I averaged down, then I followed Greengrass who either knew or struck lucky in buying/selling whilst you just moaned.
Result a very good average.
DYOR
Lol, ooookay.
Did you ever watch the Trilliant EESL show, or would it give you sleepless nights?
Funny thing woolley.. I only bought Cyan as a sideline from main investing. I had read something a few years back about controlling energy being vital for future. I still think that Smart will be great value in preventing outages and regulating standby power stations which UK pays out a lot for as a precaution.
Hydrogen will also play a big part in the future, not as planned now but in a much more confined manner and on demand.
DYOR
Relax everyone. It will be October in four months and we have been promised a few delayed orders , just a few weeks after. Just need to keep the Faith lol
This company was valued at £33M (18p) in October 2017. Today's value is £4M (90% less).
CC selling at 2.10p so tightening .
And £4 million is way too high. Another Thumping loss to be posted by September 30th, with the threat of volume orders on the horizon. JC has probably penned the RNS already, or copy and pasted from every other year. The 15 month desperate extension finished 31st March, they will know very well what a 5hitstorm of a period they have had, just need to keep it between them for as long as possible.
Colour your not suggesting gravy train - are you - :)
Colour, I thought ITT was referring to MultiTech, £4m.
Woolley, something is afoot, I think JC has completed a deal.
That would disappoint Colour.
DYOR
Hi CB
You're probably right but I still think that this could be valued at £5.5M (3p) by this weekend.
Still down 83%.