Member Info for Inthetin

Mr Tremendously Downbeat About Cyan can't wait to get out.

After all those years of being Cronin's groupie has he had enough or is it just a lovers' tiff?

Mrs or Mr £40K might be looking to make a quick 10% and get back out before before the 'no deal' news hits.

Brave.

Could be no deal, no 30% profit but a 40% paper loss if they can't get out.

No it's not legal and the pair of them have a big bite on the ar*e coming.

......twist in the tale to come?

I asked Gemini why JC would be selling his £2M+ property right now (put on market on 23/03/2026) and it gave me the following explanation:-

"The 'Liquidity Event' Logic

The sale of a £2 million home on March 23, 2026, aligns almost perfectly with the finalization of the Esyasoft deal. On March 3, 2026, the board announced they would unanimously recommend the £37.5 million cash offer.

For a CEO, a takeover is a 'liquidity event'. Selling a high-value asset during this time is often a precursor to relocation or retirement planning following a successful exit. After a 14-year tenure, it is common for executives to move on to a new chapter once their company is acquired."

Just in case anyone has been wondering WTF esyasoft means, the esya bit means 'future' in Sanskrit apparently.

'Future Soft'?

"esyasoft is continuing its confirmatory due diligence and, with the support of cyanconnode, that process remains ongoing."

eff that cronin. let es do their own dd without the support of any cc staff.

why should cc shareholders be paying you, pea**** or any cc employee a penny to assist es. you all should have plenty of work to be getting on with.

as i've said before, it seems obvious to me that these two have been paid and continue to be paid by us but have actually been working for the opposition. it shouldn't be allowed.

cronin and pea**** can't shield behind this process forever.

for what it's worth, let's have the (sort of) promised investor presentation and trading update to see what sort of mess they've made and continue to make of this business.

Hi HG

On AJ Bell, I can sell a max of 1,000 shares for £75.

If I try any more, I get this message:-

"There is currently no online quote available. Please either try requesting another online quote or call us on 0345 54 32 600 (Monday-Friday 08:00 – 19:00) to deal over the phone. You can also place a limit order (UK securities only)."

We should find out what else is being flung our way within an hour and a half or so.

Cronin obviously doesn't believe that he can get the SP anywhere near that (i.e. 29p).

He thinks that the best we can hope for is 10.44p otherwise he wouldn't have said what he said on 03/03/26.

You can sell £75's worth with AJ Bell.

That's better than it was a day or two ago, when you could sell a maximum of 2 shares for 15p.

Yes, pretty much.

If anything is said, all board members need to be in total agreement.

It's too late. There's nothing left for them to say.

What they're probably working on is the accompanying profit warning. This one will be released a bit more promptly than last year's. Funny that.

JC has said what he wanted to say on 03/03/2026. There is nothing else for him to say.

Statements from the board must be factually accurate and not misleading. They have been crystal clear. They want to sell our company for £37.5M.

Gas hob (for now).

Stir constantly while cooking. Add dark brown soft sugar once divvied up.

50%/50% milk & water

Twice as much milk & water as oats.

Sorry, this should have been included in last night's email. IMO, Cronin needs to provide an explanation as to how he arrives at £37.5M:-

£11.5M - Balance Sheet value as at 30/09/25

-£x.xM - Loss in last 6 months

£xx.xM - Tax Assets (CT on £80M losses)

£xx.xM - Order Book

£xx.xM - Synergy Value

----------

£37.5M

----------

Oh, I nearly forgot, when did Strand Hanson first know that the FY25 market expectations were not going to be hit? January 2025? February 2025? March 2025?

Bye

imo, cyan's bod and its advisers seem to think that they are operating in an ethics-free zone, but they're not.

show the bod that you are closely monitoring their fiduciary duty to maximize value for all shareholders.

below is a draft email addressed to the bod. feel free to use it or write your own. someone please send something.

to: the board of directors, cyanconnode holdings plc attn: mr. björn lindblom (non-executive chairman) and mr. john cronin (group ceo) cc: heather pea**** (cfo and company secretary)

date: march 12, 2026

re: formal shareholder inquiry regarding the proposed 10.44p cash offer from esyasoft holding

dear members of the board

i am writing as a shareholder of cyanconnode holdings plc to formally request further clarity regarding the valuation metrics used to justify the recommended 10.44p per share offer from esyasoft holding. while i acknowledge the premium over the recent trading price, i have significant concerns regarding the recognition of the company’s intrinsic assets in this proposal.

specifically, i request that the board addresses the following points in its forthcoming scheme document or response circular:

valuation of the omnimesh ip:

given that cyanconnode has spent nearly two decades and tens of millions in r&d to establish its proprietary rf mesh technology, how does the board justify a valuation that appears to attribute minimal residual value to the intellectual property (ip) once the physical assets and signed backlog are accounted for?

recognition of tax assets:

according to recent filings, the company carries approximately £80 million in accumulated tax losses. at a 25% corporation tax rate, this represents a potential £20 million cash benefit to a profitable acquirer. was this asset specifically valued as a standalone item during negotiations, and if so, what discount rate was applied?

future pipeline vs. contracted backlog:

the £180 million order book represents only the currently signed contracts. how has the board factored in the current £231 million serviceable obtainable market (som) in india? the current offer seems to gift this high-probability pipeline to the acquirer without a corresponding "control premium."

conflicts and synergies:

as esyasoft is already a key strategic partner and a primary creditor (via $20.25m in convertible loan notes), how has the board ensured that the "synergy value" of the merger is being shared with minority shareholders rather than being entirely captured by the acquirer?

as the "put up or shut up" (pusu) deadline of march 31, 2026, approaches, i look forward to a comprehensive explanation of how this offer represents the full and fair value of cyanconnode’s unique position in the global smart metering infrastructure.

yours sincerely,

[your name] [your shareholder reference number, if applicable]

this is my final contribution (i've promised). i would say that it's been fun but it hasn't.

over and out

without a whistleblower who can provide evidence that cronin, pea**** and strand hanson knew in jan, feb, mar'25 that the revenue forecasts were going to be missed, we're stuffed.

any whistleblowers out there? how about you heather?