Member Info for Inthetin

As shareholders, how have we been left so exposed at such a crucial time?

Someone is to blame. Is it the BoD (yes) or one of our army of advisers?

Hi HG

I'm not sure how reliable tightfist's info is. I can find this (see link) but I'm not convinced. Aren't DOXA and Axia one and the same?

https://uk.marketscreener.com/quote/stock/CYANCONNODE-HOLDINGS-PLC-38066072/company-shareholders/

ITT

People with decades of business experience between them (a qualified accountant and a Harvard Business School attendee) knew exactly what they were doing when they signed those ES loan agreements on our company's behalf.

Why did they do that?

Hi Mel

IMO, the 2025/2026 loss could be substantial and the value of the tax losses will be massively discounted by any buyer because the benefit of owning them will take forever to be felt/realised (if ever).

We should have found a way to be more of a problem to the BoD and Strand Hanson. It's been too easy for them to do what they like (so far).

Hi tonyj

I seem to have missed the conversation regarding the ES loan s and interest. What is the point that you are making?

Cheers

ITT

Hi CTB

I am assuming the polar opposite i.e. that the results are so bad that Cronin thinks we'll all be relieved to receive a 10.44p offer and accept it.

If so, he'd be 100% wrong.

Are we going to receive PUSU extensions until the 31/03/2026 audit is complete and the Final Results are released?

HG - I 100% agree.

Negligent definition:

"Being negligent means failing to exercise the proper level of care or attention expected in a given situation. It typically involves acting carelessly or failing to act when you have a duty to do so, resulting in harm, injury, or loss to others."

Have the CC BoD and its advisers (Strand Hanson) been negligent?

The Takeover Panel will allow as many extensions as the CC BoD request, provided they accept that the shareholders best interests are being served.

Perhaps the Takeover Panel should ask a random number of CC shareholders what they think instead of trusting the BoD version of things.

My trust in our BoD and Strand Hanson is at 0%. If it could go into negative territory, it would.

Hi tonyj

Let's wait and see what the BoD (with Strand Hanson's advice) say next, unless it's just another extension.

Have a good weekend.

ITT

While some third-party aggregator sites occasionally default un-updated financial pages to "defunct" if a first-year balance sheet hasn't been processed yet, official regulatory registers confirm GreenMeter Goa Private remains legally active and registered.

Now that Cronin is happy enough to tell us that the Y/E 31/03/2026 revenue is in excess of £20 million, perhaps he can tell us what percentage of that came from ES. I doubt very much that it was £5 million.

The accounts will tell us, if we ever see them.

That's assuming they walk.

No, but the BoD will need to explain to shareholders what happened and what they intend to do to create more that 5p per share (or less) of value going forward.

Could these extensions go on for 12-24 months while regulatory matters get ironed out? (That's what AI is suggesting).

As AXIA are 'inside', are they prohibited from selling without notifying the market?

It gets worse than that:-

https://www.theguardian.com/business/2024/jan/19/disgraced-ex-carillion-boss-senior-us-role-uk-boardroom-ban-richard-howson

Hi tonyj

I doubt we'll ever see them, the figures will be buried with the sale. The deadline is 6 months after year end (i.e. 30/09/2026).

This is an interesting read:-

https://www.theguardian.com/business/2026/feb/16/former-carillion-chief-fined-fca-richard-howson

ITT