It can only be the falling margins. Hitting revenue expectations won't cut it with the huge overheads now in place.
Today, we have made the incredibly difficult decision to cancel Middle East Energy 2024 in its entirety. Please check the website for a full statement later today. Visitors, exhibitors and contractors should not make their way to the venue at this time.
I'm guessing team CC have been there all week anyway.
Someone call the Matron.
'But I still believe that John was correct to highlight the situation, via his blog, to share-holders.'
The fact you never saw it makes this comment a joke in itself.
We are excited to announce that CyanConnode is the Silver Sponsor of The Middle East Energy Leadership Summit.
The assumption by some on here, that CC will land massive orders after every trade fair, goes back many years. JC will be mighty proud reading this utter garbage.
Well done to all concerned.
Maybe a Cyanconnode BB isn't for you gizmo? I get what you are saying, and JC himself has pretty much said it.
The boat is sailing, and CC appear to have lost their ticket.
Check CC Bangladesh history. It takes the Crown in the companies string of failed 'contracts'.
Ooooh, I wouldn't have put that on here gizmo.
The good people of Dubai will hopefully enjoy the CC Comedy Club.
Suggests he might find a region that thinks they understand WTF he is on about.
Fact is it was the CEO that started the rumours.
It was a deliberate act, and we will find out why in the YE report.
Thanks for the info jake. As ITT says, it appears a proper moan based reaction to what is clearly going on now. Gross % margin is collapsing year on year, and with the recent high additional costs the Net figure will almost certainly look ugly as hell. JC will have seen this figure around the time he started this weird attempt to 'spark a dialogue'. This company has gone through some very odd phases, always led by the company itself. This one I feel takes some beating, but I'm sure they will manage it.
Welcoming the New Year with hope and joy as we celebrate #GudiPadwa, #Ugadi, #ChetiChand and onset of #ChaitraNavratri. May these auspicious occasions mark the beginning of prosperity, happiness, and success for all. CyanConnode wishes everyone a vibrant and prosperous year ahead!
Well done to all concerned : ))
'I am encouraged that the Company had the confidence to make this public.'
I assume you have forgotten how this information was released LTI. It is clearly a known fact, and it has affected the Share Price. Both demand official News Release from the company so ALL will be able to see it. JC's schoolboy attempt to slide it on Linkdin, using CyanConnode India account, is pathetic.
I assume you had no response Jake?
This is added to the Linkdin post from 3 weeks ago.
'In our quest to revolutionize hashtag#India's energy sector, the decision on the right communication technology for hashtag#smartmetering goes beyond immediate costs to impact our future hashtag#sustainability and efficiency. My thoughts on advocating for quality and long-term reliability over short-term savings. I encourage you to read and comment on these considerations.'
Two thought if worthwhile to comment on these considerations.
JC has never been able to back up anything he has ever uttered regards CC.
This latest gibbering is either genius, or stupid. Fact is, he's probably forgotten ever saying it, or more likely it's someone elses fault for publishing it. This company could do rather well, if only they invested the £380k pa in someone who actually knows what they are doing.
It'll 'rocket' 10 or 15%, then settle below the news release SP when the market realise JC has no idea what the company have said and corrective RNS's are issued. In between there will be multiple 'well done to all concerned' posts on here, which always adds the the amusement.
Over the years I have made it my business to converse with people, in the Smart Comms sector, in India. Back in the day tonyj would refer to them as my 'village people'. That was all mildly amusing, but I was at the time trying to educate some on here. Anyways, I have been adding to those contact numbers over the years, and can say that confirmed people in the field, some very senior now, have still never heard of CyanConnode. I would put it at 1 in 50.
Wonder if Zeus know anything about CC's % Gross Margin going through the floor yet.