Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Morning all . I have received a response from the company. I wont post the whole email just the relevant points.
Having looked at the response I think this was JCs personal take and lessons should be learned. One thing taken out of context can have negative and (sometimes) a positive affect.
I fail to understand why some of this stuff is not peer reviewed before being released. My personal feeling ,right or wrong is that this is one of the things that has reflected in the share price over the last few weeks. Lets see where we go from here. I,m sure anyone contacting the company themselves will be provided with the full email if required.
The overall article.......
"Regarding the article, thank you for reaching out with your concerns regarding this blog. It’s evident that a deeper clarification is needed, especially regarding the context and intent behind his views."
"John's reflections, which were aimed at industry stakeholders, policymakers, and regulatory bodies in India, were intended to spark a dialogue on the importance of prioritizing quality and reliability in smart metering solutions amidst pressures to minimize upfront costs.
The comment around cost....
"a concerning trend towards prioritizing lower upfront costs over quality and long-term reliability has surfaced" should be understood within this larger narrative, advocating for the long-term benefits of investing in quality—a principle at the heart of CyanConnode's mission.
Not sure if already posted but gives an overview.
https://www.globenewswire.com/news-release/2024/04/08/2859266/0/en/India-Smart-Meter-Market-to-Reach-USD-3-179-5-Million-By-2032-at-34-57-CAGR-Astute-Analytica.html
Hi Colour. No as yet nothing. There is not one thing in my email that JC cannot answer as its based solely around his comment he put in the public domain. In my view he needs to clear it up. I have to say I'm not expecting a response but let's see.
Hi ITT, LTI.
Most CEOs would not allow the SP to drift as has happened with CC on many occasions over the years. It's the responsibiity of any well paid CEO to manage and deliver the best outcome for all shareholders, not sit on their hands and do nothing. That includes updating the market where possible, promoting the company where not possible.I accept however some things are out of his control.
Besides the many appeareances by JC and his video interviews, often prior to a cash call, when is he visible? Frankly the silence is appalling, particularly after his last promise to keep shareholders updated.
LTI, If this is just JCs opinion and nothing evidenced by research he needs to clarify his point. Failing to do so will only lead to conspiracy theories, losing the trust of the market and potential investment from new investors, so yes, given the statement he made, the affect on the share price since he released it and the current information or lack of, regarding his statement, yes I do believe he was naive. Perhaps it was his Gerald Ratner moment. Either way he needs to clear it up. I am very much looking forward to the next piece of significant news though.
Thanks LTI. I agree lack of news is probably part of the issue. I do however believe the naievity shown by the CEO to make the sort of statement I highlighted is exceptionally poor, particularly if it turns out to be his own opinion.
Morning LTI. What are your views regarding JCs comment? "there is a concerning trend towards priortizing lower upfront costs over quality and long-term reliability has surfaced"
Do you believe this has been the cause of the continuing drop in SP?
Hi ITT. Tried once before but never had the courtesy of a response. At the end of the day it's my hard earned cash that's invested so would expect an answer to a simple yes or no question, that's not commercially sensitive and can be in the public domain. Let's see.
Morning ITT.
On a tangent how about consolidation? Has happened before.
I have again had a look today and can find nothing to support JCs comment "there is a concerning trend towards priortizing lower upfront costs over quality and long-term reliability has surfaced" You would have thought at the very least something would have been in the many research documents, it's not something that has just popped up overnight. Interestingly the word prioritizing is the US spelling, has JC just copied and pasted something from someone else's article relating to another part of the world and added to his India article?
I wait with bated breath a response from the company to see this cleared up.
I will be sending an email tomorrow for clarification ITT.
I for one have had enough of this nonsense . You cannot make the type of statement JC has and affect a 25% drop in share price without clarification. Either its his opinion or fact backed by evidence. Either way he needs to clear it up. Won't hold my breath for a response though.
Hi Tony. I doubt JC has a clue and I hope he's not going to release anything or we could be back to 2p lol. The old election excuse has been used numerous times as has the "inflection point" Once more I will suggest the words lifestyle...company ....JC . Join the dots. Have a good weekend.
Me as well ITT. He won't though as history has shown. Any other CEO would no doubt attempted to stop the slide , why hasn't JC? Like you I have my suspicions.
Why would I pull out when it owes me nothing Tony? The fact still remains the BOD talkSs a good game,however as I have said many times ...talk is cheap, money buys houses. You may also be surprised to know I have arrived at my risk averse position without the benefit of free shares ,share options, inflated pay etc for non delivery for heaven know how many years.
Amazing how long some have been banging on about this coming good..... next month.... next quarter.... next year...... absolutely laughable....... then again a broken clock is right twice a day.
I have wondered for some time whether there are particular posters on here (and the other board) that are involved with CC closer than we may think. The rose tints are becoming increasingly brighter.
They laugh and keep taking the cash....
This may be of use, basic but might help. No advice given or intended lol.
https://www.wearejust.co.uk/retirement-calculators/pension-taxation-calculator/
Hi ITT.
If you expect honesty and transparency from this lot you will have a long wait.
With all the promises of jam tomorrow its certainly not reflected by the share price. A 27% drop doesn't lie. I fear something bad is about to hit but it won't hurt this joke of a BOD you can be sure. The most worrying thing is they seem unable or unwilling to manage the substantial drop in the SP. The word incompetence springs to mind.
Not me Mandy. Hate Unions. .....whingers and whiners. Happily retired before pension age and loving life while still relatively young.
Morning Mandy, are you Porche? I only ask because I don't know if anyone stupid enough to take any notice of anything that f00l says
All you need to know Tony is bonus time is approaching and the remuneration commitee is sitting. Kerching.
Https://news.virginmediao2.co.uk/archive/telefonica-uk-signs-1-5bn-smart-meter-deal/
https://cyanconnode.com/telefonica-connode-set-provide-uk-smart-meter-communications-service/
So can we assume Vodafone were successful.... note the dates.