Member Info for Inthetin

Actions speak louder than words.

Nothing to do with dilution. They've sold 200,000 Cyan shares.

They had 33,086,536 shares and now they've got 32,886,536 shares.

We can expect a few more Miton RNSs then.

Thanks sandgrounded

I wrongly thought that they only had to report if they bought/sold 1% but you're saying that because it's gone from in the 11's to in the 10's it has to report?

I can understand Miton dumping its Cyan shares, just don't understand why an RNS is required to notify the sale of 200,000 shares (0.07%)

My guess is Miton don't want to be left holding 14% of this junk stock and that they'd love to offload the millions that they bought at 10p at the earliest opportunity. Unfortunately, there's currently a shortage of mugs.

No doubt there'll be plenty of non-profitable contract news eventually released by JC to help them get out but it might not work. I'd love it if the SP is still sub-15p in 18 months time.

Hi tonyj

Now that this lot have helped themselves to a huge number of shares, if the SP ever gets back to 17p-18p, we'll be back to the same place i.e. £57M market cap.

Some people were clever enough to get their £1M out at 28.3p - that's great foresight.

Don't be hoodwinked by this lot.

Let the likes of Miton, Gough, etc hold their new 10p shares through to the release of the interims, at which point they'll be lucky to get 5p or 6p for them IMO.

Another order from IntelliSmart isn't going to help the SP for any length of time.

We've got millions of shares waiting to be dumped at 10p+ and nobody who's prepared take up the slack. I've got a bit of money in the bank right now but I'm not going to waste a penny letting this lot off the hook.

Will they be able to get any news out that trumps the disastrous first 6 months of trading of FY24. I'm not sure. The news would need to be extremely positive.

Hi tonyj

Why haven't they said how many units they've shipped in Q2 FY24 re their Genus contract? There's no excuse, particularly when the SP was/is tanking. They should be doing whatever they can to help paint as positive a picture a possible.

IMO, there isn't an entrepreneurial bone in the building, they're all geeks. Nothing wrong with geeks but they're just losing money hand over fist. They've absolutely nailed that.

Perhaps a new BoD might help.

Hi Vascular

If things were moving along smoothly with Genus, a further 100,000 units or so should have been shipped during Q2 FY24. There's no reason for Cyan not to have provided this figure.

Perhaps, it just suited them not to - let the SP fall and then help themselves (and others) to loads more shares on the cheap.

Or, the 1M Genus order is all that they are going to get.

The truth will all be flushed out eventually.

If I was a betting man, I'd go with Genus dumping them.

People can do all the digging and poking around the web that they like but it won't make an ounce of difference. Cyan will release Cyan news and whatever they say (regardless of how they spin it) will ultimately make its way into the accounts.

Generally, by the time the news released by Cyan finally makes it into the accounts, it's not what it seemed, it's worse.

Looking forward to the interims (6 months to 30/09/2023) and having a poke around them - due anytime up to 31/03/24 but of course they could be late. They're good at late.

Are we to assume that Cyan have been dumped by Genus?

Where's the Genus news?

To call AIM a 'market' is a misnomer.

It's got nothing to do with supply & demand. Using Cyan as an example, the 'Money' gets as many shares as it wants, at whatever price it wants to pay and it's all facilitated by a BoD who appear to be in cahoots.

What appears to be good news comes and goes, having no impact on the SP. It's all manipulated to the hilt and I blame the BoD.

It's a grubby old business.

Hi CB

It would be pretty funny if the SP crawled up to say 14p by 09/05/2025.

40% increase - I'd take that.

ITT

As the BoD don't know how to make a profit, the repayment of this loan should be prioritised. Rather than using cash to buy stock on which they consistently make a loss, repay this loan and make a 20% 'profit'.

As if anyone on board would have the nerve to raise this - it's pathetic.

In fact, he was owed £300K at 31/03/2023.

£60K pa seems about right.

Surely the interest rate needs to go up.

The risk must be worth 20% pa at least.

I guess we've now got to endure the 15p warrant holders dumping their millions & millions of 10p shares as and when they can.

That's going to take a seriously long time while the max that can be sold is 15K shares.

This is turning into quite a sh**show.

Heigh-ho.