Member Info for Inthetin

Well said tonyj.

Hi jakeandelwood

Of course it doesn't sit right.

A director's fiduciary duty is the legal obligation to act in the best interests of the company and its shareholders, requiring utmost loyalty, care, and good faith, and preventing personal enrichment at the company's expense. Key duties include acting within powers, promoting the company's success (considering stakeholders), exercising independent judgment, avoiding conflicts of interest, and not accepting benefits from third parties.

Not sure that facilitating a cheap takeover for Esyasoft fits well with the above.

Definition of in cahoots:

Colluding or conspiring together secretly.

Hi tonyj

I don't believe this latest yarn. I still believe that the recent mini SP rise has been deliberately stopped in its tracks.

There was every chance that the SP would have sailed by the 9.75p level, making the £35M valuation an irrelevance anyway, but that isn't how this story is meant to end.

If you think that this BoD have PI interests at heart, you are living in dreamland - the deal is as good as done.

That's what I thought.

MB says:

"So JC and the BoD had been forced to release the "Possible Offer" announcement, as there were potential leaks and "insider buying" ?"

Where does it say that?

Old 'Mr Tremendously Upbeat About Cyan' is up to his old tricks again i.e. selling.

How come he has dumped over 12M shares yet has not reported the drop from 9.528% to 6.15% until now. Don't the rules apply to him?

Of course he has.

as of last year, only axia were 'inside'.

i trust that cronin and pea**** have not allowed esyasoft 'inside' and now shareholders pay for that poor judgement by those two (again).

Think of all the UK taxpayers money that will have gone up in smoke here. All the R&D tax credits, all the VCT tax reducers etc.

These incentives are designed to create innovative UK companies that might pay Corporation Tax in the UK one day. The government won't get a penny back on this one.

It's all well and good Cronin posing outside number 10. Does he actually give a toss?

hi sg

yes, it could be that.

it still doesn't explain the crashing of the sp last year. obviously, i'm never going to get them, but i would love to see cronin & pea****'s 'detailed' workings on how they got to a projected revenue figure of £34.5m for fy25. that is their piece of work that has got us to where we are today. they steered this boat onto the rocks.

Sorry, 'slow burn'.

Sorry, I don't see it like that. IMO, it's a slow back that goes like this:-

Agree a low takeover price > deliberately overestimate unachievable revenue projections to create false market expectations > disappoint the market and crash the SP (do/say absolutely nothing to help) > when the SP shows a bit of life, get one of the cronies to dump enough shares to suck the life out of it > latest rise in anticipation of TU and investor presentation (i.e. nothing to do with leak) > JC drops the 9.75p bomb.

If JC was not happy with the £35M valuation, he should have told them to go **** themselves in the politest possible way.

In yesterday's RNS, it says:

"CyanConnode shareholders are advised to take no action in relation to the Possible Offer at this stage." Is Cronin authorised to advise anyone on investment matters (it was his announcement)?

Why did Cronin come out with this today?

The SP was merrily doing its thing, rising as expected in anticipation of of the 9-month trading update being released and the investor presentation. It could have crept into double figures and then the next breather would come at 20p.

I did say earlier in the day that the 100K sales will start soon enough when 'Mr 5%' or 'Mr Tremendously Upbeat about Cyan' start deflating the mini, mini bubble. I wasn't expecting Cronin to come up with what he did, but it has had the same effect i.e. stopping the SP in its tracks. This is what they always do.

IMO, this is all being choreographed. The deal has been done, with Cyan being sold for peanuts but the BoD need to make it look like they are trying their best to get as good a deal as possible for all shareholders when that obviously is not the case. It's fine if you've had £1M in for 5 minutes and make yourself a quick £0.5M.

I think that one way or another the SP rise needed to be stopped and this was the quickest way to do it. There have been lots of occasions when the SP has moved significantly more than it has over the last few days and Cronin has remained silent. The SP would have sailed past 9.75p this week if it had been left to do its thing.

I have 0% trust in this BoD. IMO, today's RNS was put out to aid Esaysoft's takeover for virtually nothing and not as a defensive play.

I look forward to hearing what Cronin has to say next.

Where's 'Mr Missing $5M Loan'?

Posting day in day out to report 37 meters being installed here and another 37 there and when we get a possible takeover nowhere to be seen.

Has the Cyan board had its own 'Mandelson'?

that £80m is irrelevant - it was wasted.

cronin and pea**** have had about half of that - you could try asking them for it back. the sp was where it was because of their incompetence.

You are joking?

You know it's a done deal and has been in the making for a while.

There you go. What have I been saying?

I wonder who will be the first to pay 8.5p and instantly find themselves 13.3% in the red?