Member Info for Inthetin

Hi jakeandelwood

As we know, all parties, have supposedly been collaboratively working on this 'project' for years. The model and how it is to be financed will have been discussed over and over during this time. If JC has been led down the garden path (misunderstood the model), that's now our look out.

Let's have a trading update for Q/E 31/03/2024 and a brief statement from JC without any clangers in it.

Hi jakeandelwood

Thanks for taking the time to write to the company and for posting part of the reply.

Sounds like they are really up against it to me re Cyan's upfront costs. No good him moaning, what are JC & HP going to do to solve it - this is what the pair are paid £700K pa for i.e. not the day to day humdrum stuff.

Perhaps he regrets bragging about Cyan's 95% gross profit margin a few years ago.

To me, it sounds like we're stuffed unless JC plays ball and reduces Cyan's upfront costs.

Thanks again.

ITT

I'd say 'shortly' actually means autumn (at the earliest).

There's the election to get through (finishes early June) - definitely can't see anything happening before then.

Not to worry though, there's plenty of content/celebrations to keep the India team busy (and keep one or two happy here).

https://www.drikpanchang.com/calendars/indian/indiancalendar.html

Hi jakeandelwood

That's why I posted the following on 27/03/2024:-

The BoD have a duty of care. Failure to uphold the duty of care may result in legal action by shareholders or clients.

Along with the duty of care, the other main fiduciary duty is the duty of loyalty; the duty of loyalty seeks to prevent directors from acting against the best interests of the company.

My trust in the BoD is at 0%. I hope that I'm wrong.

GL

ITT

Hi jakeandelwood

I'm assuming that when people are saying 'lack of news', they are actually meaning a dearth of new contracts?

GL

ITT

Any Bed and ISA'ing going on?

I don't think so. Thanks to JC's comment, everyone is underwater and can't stomach crystalising their losses to do it.

Hi tonyj

There is definitely a great opportunity in India for Cyan - that's why most of us are here.

If Cyan wins a significant contract, I would like to see the news reported in a UK newspaper (or two), Investor's Chronicle, Shares Magazine etc and not just in some Indian rag mag. Is that too much to ask?

When was the last time, Cyan got a mention in the Investor's Chronicle? I'll tell you, it was years & years ago.

GL

ITT

Hi jakeandelwood

Funny you say that re US spelling because I thought the same.

Thanks for writing to the company.

Hi tonyj

I'm not getting excited - far from it.

It's frustrating being a Cyan shareholder on here, attempting to make valid points now and again, only to be drowned out by a couple of long-term scammers (who I don't believe hold a single share between them).

We don't need the whole effing article copied & pasted again, we can read.

It's the bit that says "there is a concerning trend towards priortizing lower upfront costs over quality and long-term reliability has surfaced" that is being discussed.

Has that trend actually surfaced or not?

If so, let's have an actual example.

If not, why is he calling it a trend?

Cyan shareholders should be given an explanation by John Cronin (Executive Chairman of the company) why he said "there is a concerning trend towards priortizing lower upfront costs over quality and long-term reliability has surfaced."

Is this a statement of fact? If so, where is his evidence that this trend has surfaced?

If he can't back it up with some facts, why did he say it?

This is where it starts getting into scam territory for me.

"With Advanced Metering Infrastructure Service Providers ( AMISP's ) vying for contracts, a concerning trend towards priortizing lower upfront costs over quality and long-term reliability has surfaced."

He needs to explain to Cyan shareholders what this statement of his is based on.

Where is his evidence that this trend has surfaced?

The company's executive chairman (JC) needs to explain to shareholders why he released his SP damaging article on 15/03/2024. Since its release (3 weeks ago), the SP has dropped 25% (yes, 25%).

I have my suspicions as to why he did but will keep them to myself.

Zeus don't know what's going to happen over the coming quarters. Their GUESS is no better than anyone else's.

All we know for sure is that Heather needs to get the accounts for the Y/E 31/03/2024 prepared and released by 30/09/2024.

I'm anticipating another six months of nothing on the news front. Let's see who gets closest - Zeus or me.

Oh, that's OK then.

Hi tonyj

""CyanConnode provides end-to-end communications modules and platforms that connect smart meters to a utility's billing system. THE COMPANY IS A MARKET LEADER IN INDIA."

If that statement is anywhere near the truth, WTF is the share price doing at 8p and thereby the company's market cap at £25m?

It had a market cap of £65m back in late 2021, you know, when some family members cashed in. What great timing. Boy, do I wish that I'd had that 'foresight' and done the same thing and moved on.

Why does being a shareholder in this company always make you feel like you are the victim of a scam?

Zeus says:-

"CyanConnode provides end-to-end communications modules and platforms that connect smart meters to a utility's billing system. The company is a market leader in India."

How come Zeus is comfortable saying this yet Cyan never, ever gets a mention in Investor's Chronicle, Shares Magazine or anywhere else for that matter?

If Cyan is a market leader, why won't those publications touch them with a barge pole?

There has to be a reason and I'd really like to know what it is. I guess that I'll have to ask them. I'll let you know what they say.

ITT

SP has 12 months to increase by 100%+ for the 15p warrants to be worth the paper that they are written on.

Can't see it happening.

Another red herring.