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might get some interest from the OSI traders soon
https://www.surinenglish.com/spain/cyberattack-iberdrola-accessed-20220401183800-nt.html
A cyber-attack on Spain's electricity giant Iberdrola has accessed data of 1.3 million clients
https://www.businessgreen.com/news-analysis/4047752/energy-security-strategy
surely cyba should 50 bag given the govt want security
energy security - govt more focused on energy security than net zero it seems
interesting
They haven't updated investor relations page. Now 1.6 billion shares in issue. Steve Bassi and the rest sold some according to rns from Feb.
Acquisition of Narf Industries PR LLC and Narf Industries LLC ("Narf")
Placing to raise gross proceeds of GBP6 million for Working Capital and Cash portion of Acquisition
Issue of Prospectus for Readmission of the Enlarged Share Capital to the Official List
and
Notice of General Meeting
The Company announces that it has conditionally completed its fundraise for the working capital for the Enlarged Group and the cash portion in respect of the acquisition of Narf for a combined total of GBP6 million gross proceeds (the "Placings"), at a deemed issue price of two pence per share ("Placing Price") and issued an approved prospectus to shareholders for the Acquisition, Placings and Readmission of the Enlarged Group to the Official List ("Prospectus") together with the Notice of General Meeting on Monday 14(th) March at 10am at the Company's registered office, to consider and if thought fit, pass, the Resolutions (the "General Meeting").
On 29 July 2021, the Company announced the signing of a conditional agreement to acquire the entire issued members interests in Narf Industries LLC and Narf Industries PR LLC ("Narf") (the "Acquisition") for a consideration of $25,600,000, to be satisfied through the issue of new ordinary shares in the Company ("Consideration Shares"). Now with the Placings completed, the Transaction is only conditional upon the passing of various resolutions set out in a notice of meeting and readmission of the Company and its shares to the Official List.
Part of the placing will be used for working capital purposes, including:
-- Investment in the Narf sales and marketing teams and Narf working capital: GBP1,000,000;
-- Central costs: GBP400,000; and
-- IP capture and reserve for the costs of future acquisitions (including Polyswarm, assuming the decision to proceed is made): GBP1,000,000.
The anticipated market capitalisation of the Enlarged Group will be approximately GBP32 million with an issued share capital of 1,624,125,000 ordinary shares. The sellers include co-founder Steve Bassi, also an existing Director of the Company. As from Readmission, the issued share capital of the Company will be held as to:
-- 33.97% by existing shareholders,
-- 18.47% by new investors,
-- 45.05% by the Narf members (including Steve Bassi)
-- 2.53% by the Directors (excluding Steve Bassi)
Assuming that the Resolutions are duly passed, it is anticipated that Readmission will occur on 15 March.
The Acquisition of Narf constitutes a reverse takeover for the purposes of the Listing Rules and requires the publication of a prospectus, prepared in accordance with the Prospectus Regulation Rules. Full details of the Acquisition and the Placings can be found in the Prospectus, which can be found on the Company's website at w
Very strange, be interesting to know what was behind it all. CYBA was NT to buy all afternoon though also
yeah but what do Racsor do? nothing really, just setup in Delaware for tax? have the directors who sold there realised cash?
are they real sells or just transfers to Racsor LLC
https://www.texastribune.org/2022/03/31/texas-energy-grid-russia-cyberattack-hackers/
We expect the TIGR product to achieve a rapid
growth of penetration within the US utility sector – in the first year alone, we expect initial
installations at ConEd & Southern Co., two major US utilities that were design partners during the
product’s development phase. DARPA spent US$139 million over 4 years as part of its Radics
program on projects to develop cybersecurity solutions for key utility infrastructure – Narf’s TIGR
product is the only hardware-based product that has resulted from the program. By 2026, we
expect the company to have increased TIGR-based sales to over $139 million, based on over 3,000
installations, equivalent to a conservative 7% penetration of the US addressable market.
Yeah. That one
https://cybaplc.com/Shard%20(Tennyson)%20Research%20-%20March%202022.pdf
which website?
Looks like website's been updated. Interesting articles in there
Yeah. Cant wait either. Although don't know how early we'll see financials. I guess RNS trading update will be the first.
Huge power wipes out traffic lights and electricity across the Capital https://www.dailymail.co.uk/news/article-10663937/Huge-power-wipes-traffic-lights-electricity-Capital.html?ito=native_share_channel-home-preview
President Joe Biden said on Monday that intelligence indicated a growing Russian cyber threat to the US.
He said Russia was "exploring" cyber attack, but the US would use "every tool" to prevent and respond to such a move.
Mr Biden suggested Moscow could act in retaliation for sanctions imposed on it after Russia's invasion of Ukraine.
Russia's foreign ministry has said bilateral ties between Moscow and the US were on the "verge of rupture".
Mr Biden has previously warned of a possible cyber attack from Russia, saying on 24 February the US was prepared to respond.
In Monday's statement, Mr Biden said that intelligence had been "evolving", and that the US believes the "Russian government is exploring options".
Mr Biden also called for US companies to "accelerate efforts to lock their digital doors".
"You have the power, the capacity, and the responsibility to strengthen the cybersecurity and resilience of the critical services and technologies on which Americans rely. We need everyone to do their part," he said.
Mr Biden said the potential "malicious cyber activity" could be prompted by the "unprecedented economic costs" caused by economic sanctions imposed by the West.
Yes mate.
same here, dont worry, next dip when they rto polyawrm well top up
F**k sake, knew should have took some.
yeah 1k i just used as a total lowball number
At 100K, i wonder what the gross margin is. Most of these electrical companies will pull upgrade cash from the infrastructure bill. Can't wait to see financials now that narf is in the box.