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The recent placing took place on 08/11/2023.
A few days later IntelliSmart selects Trilliant as its software partner for head-end system implementations across India.
I wonder if Mr Tremendously Upbeat About Cyan (Mr Miton) is still as tremendously upbeat about Cyan?
One of CyanConnode’s Indian partners has announced a major funding initiative to fund the roll out of smart meters across the country. We see this as helping to de-risk the opportunity with this important customer, which now has 1.7m Omnimesh Modules on order with CyanConnode.
I wonder if this is what we can expect i.e. being taken over at a price less than our previous high.
https://www.oxfordmail.co.uk/news/national/23974363.private-equity-giant-kkr-snap-smart-metering-systems-1-3bn-deal/
Hi tonyj
IMO, the SP will never be allowed to get up a head of steam. The company will always be torpedoed by its own major shareholders who can drop millions of shares into the market to satisfy any demand that might be there.
As interest in the company inevitably wanes, the same lot get 'invited' to buy an even bigger slice for less. It's pretty low stuff.
At what SP might the 15p warrants actually become attractive? The 'loyal' Cyan backers would want a substantial safety net before parting with their £4M.
I doubt that the warrants will actually get exercised. IMO, it's a red herring.
Since the 28p consolidation in 2017, there appear to have been about 5 placings.
The average price of those 5 placings is 11p. Anyone looking at the chart over the last 6 years will be able to see that the average SP appears to be about 50% more than 11p.
Funny how BoD family members manage to time their exit perfectly at 28.3p yet the BoD can never get the timing right when it comes to raising cash for the company. Really strange that.
Hi jakeandelwood
To be honest, I don't know what to expect any more.
In the sort term, I suppose that there'll be a bit of news designed to give the few an opportunity to get their cash back out after this latest fundraise.
Then, it'll probably all hit the fan again when the interims are released (say next spring) and by then it will time to time to raise more cash from the same old faces again. And on it goes.
GL
ITT
Hi jakeandelwood
To be honest, I don't know what to expect any more.
In the sort term, I suppose that there'll be a bit of news designed to give the few an opportunity to get their cash back out after this latest fundraise.
Then, it all hits the fan again when the interims are released (say next spring) and it will time to time to raise more cash from the familiar faces again. And on it goes.
GL
ITT
I've placed my bet and now it's a case of waiting until the bitter end.
Hi jakeandelwood
To be honest, I don't know what to expect any more.
In the sort term, I suppose that there'll be a bit of news designed to give the few an opportunity to get their cash back out after this latest fundraise.
Then, it all hits the fan again when the interims are released (say next spring) and it will time to time to raise more cash from the familiar faces again. And on it goes.
GL
ITT
I've placed my bet and now it's a case of waiting until the bitter end.
Hi tonyj
For the record, I don't try to influence the SP; I just comment on what I see going on with Cyan.
The ask is actually 9.99p now not 10p. How low do you think that it's going to go?