Member Info for Colourbounce

Common reasons a BoD can remove a CEO....

'Boards typically remove CEOs for failure to meet company goals, breach of fiduciary duty (e.g., fraud), or conflicts of interest.'

Take your pick boys.

Lands today or not, at least we will know the answers to some important reasons why CC have failed thus far.

Cronin has confirmed his position, and accepted worth of this company under his lead.

Peafowl has no grasp of finance basics, the market knows it, and ES will have seen it all by now.

Whatever shakes, and another extension is likely given the infant accounting profiles ES are trying to work out, the BoD need to remove both of these expensive dead woods ASAP. If there is any backbone, which looks unlikely but you never know, CC could move on and do far better with leadership that understands the market it targets.

Who's this 'we' LTI?

Cronin supplied a pilot in Bangla, massive order back in the day, and White Label to China. Both ripped the Tech and CC didn't see a Bean afterwards.

How deluded some are eh, and Cronin leads the way in that.

" The Company continues to make steady progress ....... ". But Cronin and Peafowl still happy to give it away eh.

Good luck all.

"We have completed a strong first half and have entered H2 FY2026 in a solid position. The Indian Government's commitment to nationwide smart metering remains undiminished, as seen in the increased activity across our 17 projects. With continued momentum in India and steady international progress, we remain confident in the Group's growth trajectory."

Less than 4 months on, and he's up for giving the business away. Liar? Clueless? Deluded? All 3?

What he says next, if anything, will be telling. My guess is the offer is made, accepted, and we hear nothing from Cronin or Peafowl that will give any information on the structure of the 'sale'.

Errrr nope. Cronin should update if material changes will affect the SP, they got away without doing this before, so are very comfortable doing it again. None of the ruling bodies give a flying, and they know that.

By the way, when has Cronin ever fulfilled anything, apart from filling his own pocket of course?

Not compulsory, so it's doubtful. Given Cronin and Peafowl are always well short of the truth line, it's probably best they don't.

Nailed on ITT.

The desperate loans were needed soon after GOA. Funding for future contracts my Ar5e

No profits, huge losses, dwindling margins AND no further orders for a very long time.

20p+ with no signs of stopping you say?

My thoughts are, without the firm offer, CC have enough finance issues to pull them under anyway. That is THE single reason Cronin has had to accept the possible low ball bid. It also explains why the gutless silence continues.

Bottom line, Cronin got every metric wrong in his fantasy India market. This excludes his salary and bonus calculations obviously.

It's not really about the cost in building CC. It's more about the blatant lies from Cronin and Peafowl that needs looking into.

GOV should reclaim every penny in R&D, that has basically paid the crooks on Taxpayer funding. It's all a laugh though.

And this is of interest because? ......

Are you joking? Peafowl was central to the comedic forecast!!!!

Probs best you calm down a bit tonyj. Cronin and Peafowl will be enjoying your posts a little too much I'd say.

Successful exit for Cronin and Peafowl, they will be delighted how they kept so many mugs on the hook for so long.

'But this " Potential Offer ", as we understand it, was initiated by Esyasoft. Not negotiated or requested by CyanConnode.'

Errr, wrong, again. It was threatened, then negotiated, and now fully accepted by the BoD.

Cronin wants this, at the dire value, and it will happen if Esya offer.

'Esyasoft reserves the right to vary the form and/or mix of the offer consideration and vary the transaction structure'

EVERY potential variation lands on the side of Esya, not CC. They are running circles round Cronin, and his desperation is going to cost all shareholders.

Tonyj, not sure how often you need to hear this, but Cronin won AMISP on a low ball bid, with no staff experience to deliver. They had to sub it asap, and clearly that will cost well above any margin CC could ever generate from the contract. Esya know this, if the bid never lands, CC are toast. No other contracts are coming CC's way, why would anyone trust Cronin, Peafowl or Indian staff given their total inability.

LTI is making less noise than the Bod these days.

Every Cloud eh.... : ))