Member Info for Inthetin

Scrap that.

Sorry, I'd say that Connode AB India pvt is a subsidiary of Connode Holding AB and that, ultimately, CC Holdings is the owner.

Hi Vas

On the same page (85), it says that company owes CC Holdings £4K only.

Hi Vas

Roughly speaking, I would say that from the £74m capital/cash raised to date, it has gone here:-

£52m - Cyanconnode Ltd losses
£7m - Cyanconnode Holdings losses
£15m - Purchase of Connode & other assets, some of the value since depreciated/written off
-------
£74m
-------

Hi Vas

Back to my link (not broken) from earlier in the week. On page 85, the penultimate paragraph explains that amounts due from other subsidiaries (including Cyanconnode Ltd - £51m) do not carry an interest charge.

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/Oa2wmX1zjjdbDcHvMJehwLTZuqOlVjPJ29ofc343E94/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Content-Sha256=UNSIGNED-PAYLOAD&X-Amz-Credential=ASIAWRGBDBV3HXW7734H%2F20191106%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20191106T073725Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEFIaCWV1LXdlc3QtMiJGMEQCIGHSgv59NnHIBoh641q3fhmhsOKD3zI6GmHJi22yKes4AiAcV6KHvOkVWqsYuwrbYyRSXn9vslFb0CYs8hQfb4wsACrSAghrEAIaDDQ0OTIyOTAzMjgyMiIMqL31ynjVnkqMaHM2Kq8CJz8uU6SRSU118AlKPkDEdzp%2FzWjZVCYls0nJ%2BF16a1QtueSZhPmIbJmoMJkmkCcGt34JCFLtbVWiIu5TNQodvQcX%2F21u8f8N%2FmugC7LUaleCiKcdvASklnWHXVMchG3Cxrm7mKXLS20IMsDVSF3VcW2LihajsCifS9Rm368okur1y9kK8VJkIIVDjJKZzXCd6kijKvJybL3iyQ58EIVFDFKMBAtUuOoN7utSKffCKtJZaxeRUj6bEA7v1MsgPcueIxMETRPSfD1rajT5oExQvnmILQwQBezm0ArNJ4dHVBN9vn%2BFP%2BFPesQ0A55fXej3MOiiN0PsTSt8mSthg9qGSYo%2FQYLGe0SiIVWWXxZFXkIG3EgH%2BvK8Td6Wj4Ws3QcL%2B4AvSu3jR7EE%2F1XG1q3TMPfMiO4FOs4CXGCMO9cNaUSuZn7zGK2WVEjRZeRFTnAFaKf%2Frmt1mu2KoTsaE%2FBq2OybKLwOC3JSrQbdaWtRVPg7yYLZ7OQXDDlHcZpmc0REYNk2nH%2BsUAUUc4qDAKtpAor2EEtbx%2F26eb3gAxqsBJfcLG%2F%2BZv5Cfd7pU7vcVZ93TFGlBR5XK12%2Fl3aAZwDnVlDm202ejInMwHNNEtOF0L4X76AYQu8XDiWKM1Dv3jvOa71WqNOyGFfenukwWG4cj90OGm8b41XwbdWHq4IZK6Nh8e2hLTxSiH70W9jEeNTNL4AvDEJppzQ1EPimWYapiDasA057RDkr40eHcS8wd1ROPtIWBcCkSb4Xh6Zag4arbpfB5RBM7Jq60W68x6c8ZrZL5OSlYgqgIa0ljKM73%2BpfJI5FEY0Bm7%2F2I%2FXxd42pHqEKftS5G6ty0cxoV%2B38jCpCq65ftg%3D%3D&X-Amz-SignedHeaders=host&X-Amz-Signature=704ef44235364e34f369cf761c7a43506b42bf9d9ce9f4531feaa19b77b973c6

Hi Vas

It was Cyan Holdings' cash. It stopped being your cash when you swapped cash for a share certificate.

Forward Looking Statement - JC4PM

This is where some of my cash is going instead of down the Cyan drain:-

https://cdn.shopify.com/s/files/1/1074/5128/files/finisterre-equity-for-sea-lovers-investor-deck-2019-2.pdf?690280

There should be loads piling in this afternoon.

"The award of these contracts.. are still expected to be secured in the coming weeks."

As far as forward looking statements are concerned, if someone made an investment as a result of reading the company's 31/10/19 RNS and the contracts aren't secured, how do they stand.

Does the company have a disclaimer or isn't one needed?

They don't, in the real world.

Any criticism that makes its way to 'you know who' is well deserved. A 98% reduction of the share price since he took over says it all.

If he was paid a ****e salary for a ****e job, nobody could complain but that's not the case. This guy has paid himself and others around him way too much (IMO). He paid himself £500K in one year - it's hard to believe really.

It's no good persisting with your AIM is risky mantra. We all know that there's AIM risk but that's nothing compared to 'you know who' risk.

When someone is paid £500K, you'd imagine that they'd be able to make the odd decent judgement call. In all my years of investing, I don't think that I've witnessed another person in the same position who has managed to make 100% bad calls over such a prolonged period. Whatever the opposite of the Midas touch is, he's certainly got it.

That's why I keep suggesting that the bad decisions are being made deliberately because I find it hard to believe that someone could be wrong 100% of the time, as that would defy the law of averages.

Mmmmmmm. That's a tough one (not).

Annual Report or yesterday's RNS? One of them is wrong (IMO).

I don't understand how Canaccord had 13.7m shares (7.54%) on 15/05/19 (per the Annual Report) and 17.3m (9.51%) per yesterday's RNS, yet there has not been a notification of them increasing their holding since 15/05/19.

Is it a typo?

Canaccord went from a 9.5% to a 4.8% holding.

Just wondering why Canaccord would want to go below the 5% level.

As I said yesterday, I think that they just want to get out of the way. Looking at the guide to shareholders' rights, it says that you have to own at least 5% of the company's shares to apply to court to prevent the conversion of a public company into a private company.

I'm convinced that my cash will be staying put, the contracts won't be signed and Cyan will be private pretty soon.

tonyj, I've said that if JC reverses the form book and actually executes a deal worth mentioning I'll buy some.

At the moment, I'm cash rich, Cyan poor and I prefer it that way. Plenty of time to get in (if the very unlikely event of a decent contract gets signed) - it's not going from a £4m valuation to JC's £200m+ valuation overnight.

There's only one fund invested and their investment is worth £250K. They've probably written the basket case off.

They're just getting themselves out of the way.

Great vote of confidence (not) by Mr/Mrs DISCRETIONARY CLIENT.