Member Info for Longterminvstor

Sorry, should read:-

" But should an offer of say 500p per share, come in .................. it will be given due consideration."

LTI.

Good morning all,

In addition to my 10:08 post this morning:-

" Esyasoft have shown their hand and Bjorn Lindbloom, John Cronin, Heather and whoever needs to be involved, will no doubt be looking for alternative funding arrangements, that want to support the CyanConnode Group long-term and not take it over, at the first opportunity."

This was also written some weeks ago and my position hasn't changhed.

But should an offer of say 500p, come into play, a figure that has been suggested from time-to-time, it will be given due consideration.

Good Luck all.

LTI.

Good morning all,

In reply to the tonyj post to me ( LTI ) yesterday, 16th March, 2026, at 23:13 concerning:-

" Basically, when we are about to make headway, are you in favour of Esyasoft buying us out, other than my 500p, when we were not up for sale, nor needed to be. I would be interested in your thoughts."

My reply is:-

" Now that Esyasoft have shown their hand, maybe respectfully, CyanConnode should consider bringing in other companies that are willing to share the financial load, until CyanConnode can carry the full financial burden, if they want to."

This post was written by me, some weeks ago, after the process began.

LTI.

Good morning tonyj and all,

Your post at 09:19 this morning is different, if you do not mind me saying so.

The reasons you list for not attending the AGM's, were not the ones that you gave at the time. Boredom was never an issue, in fact you seemed to enjoy the meetings, meeting different people and discussing various topics, from what I can remember.

There seems to be a fixation by some, on what I would like as a share-price figure, in connection to the offer. So lets try and explain my position, as much as I am prepared to, as I do not discuss my share-holding on the bb, as you know. That is a private matter. Although I do remember that you decided to reveal your share-holding some time ago, for some reason.

If share-holders received an offer of 100p per share, as you suggested, I would not look on that as " compensation ", as you suggested. I would look on that as a fair price for the CyanConnode Group as it is, at this moment in time. Lower than the 200p/500p range you have mentioned recently, but everyone is allowed to dream.

But I believe that the CyanConnode Group can achieve a higher share valuation than the 100p you suggest, in time, if it is allowed to develop fully as it is, in India and also globally. Which means getting the right funding.

The Esyasoft offer, as I have said repeatedly, was in my opinion, opportunistic, at a time when CyanConnode had informed share-holders of an Investor Meet Presentation, to be held during Q4 FY 2026, which seems now to have been put on hold. Also there was/is the proposed sale of IntelliSmart by EESL and NIIF, who CyanConnode were in ongoing talks with, about investment into CyanConnode India, that seems to have been put on hold.

So we wait for the next move.

LTI.

First things first tonyj, " LTI, there is no suggestion you have done anything illegal ". You suggested tonyj, in your post on 14th March, 2026, at 20:01 " ..... but are you being compensated in some other way ........ ". Really. That does not sound very good from where I am sitting.

As far as going to an EGM is concerned, I intend to be there if possible, if there is one called. But your comment about " I feel that PI's have been let down down all these years, how say you ". I haven't seen you at any AGM's since long before COVID. So where have you been all these years, if you thought there was something wrong.

tonyj, please explain " ....... you are defending Esyasoft like mad ...... ". Can you point me to the actual text you are referring to, because over the weeks since the " Offer " I do not feel as though I have been " .... defending Esyasoft ..... " at all.

LTI.

Good evening tonyj,

The last paragraph from your 20:01 post, on the 14th March, 2026, deserves a reply and you can remind yourself of the post, as you wish. But in future, if you feel the need to make an accusation like that, I would prefer that you do it when I can see the whites of your eyes, not when you are posting from behind the relative safety of a computer screen.

I think I have made myself clear.

LTI.

Good afternoon tonyj,

We disagree tonyj, more often than you realise. The " allegiances " that CyanConnode have with Esyasoft, that you mentioned, are three loans. 1 loan which seems to be Goa/AMISP specific and the other 2 loans " ...... will be used to fund the Company's working capital and capital expenditure requirements ..... ".

So to say that CyanConnode do not need Esyasoft, I do not think is correct.

Take care tonyj,

LTI.

Good afternoon tonyj,

I disagree with your 09:23 post this morning, in relation to " ...... CC do not have to use Esyasoft for further contracts ...... ". That would depend on how many tenders CyanConnode and Esyasoft have collaborated on, for the near/mid-term, as an OEM or AMISP, not only in India, but globally, also. They have been collaborating on smart meter contracts/projects in India, for some years now, as we know.

A difficult situation, I would say, that will need some difficult negotiations, going forward, under the circumstances.

Esyasoft have now made their intentions clear. It is up to the CyanConnode Board to come up with a solution and eventually the share-holders to vote either for or against the CyanConnode proposal or the Esyasoft potential offer.

LTI.

I have my reservations whether the proposed Investor Meet Presentation will go ahead, during the rest of this month, as the deadline for the Esyasoft Revised Proposal of 10.44p per share, runs until the 31st March, 2026, at 5.00 p.m. Or even longer, if this process continues

Which in my opinion, is suiting Esyasoft just fine.

LTI.

Tonyj,

There are a number of companies that know the inside of CyanConnode, which is why they want to work with the CyanConnode Group and to be part of the successful, global Partner infrastructure, that CyanConnode have built up, over the years.

LTI.

Good evening all,

Another reason why Esyasoft has made an " opportunistic " 9.75p/10.44p bid for CyanConnode - that being, a guaranteed, near-term, forward revenue stream. And that's before you take into account the Goa smart meter AMISP project for CyanConnode/DigiSmart, valued at £70m over a 10 year period.

But all in my opinion, of course.

LTI.

....... of £34.5m was I believe, a Zeus forecast - who are now only recognising " Actual " results, not " Estimated " ones, for the time being.

Good afternoon Vas,

Personally, I cannot see how a tender initially won by Adani ( and Partners ) during December 2024 and then cancelled during January 2025, would have found its way into any projections for CyanConnode, for FY 2025.

What I would suggest is, that the 6.5m Omnimesh Module order ( my guestimate at £81.25m at £12.50 per module ), received during August 2024, with deliveries scheduled to commence during H2 FY 2025 ( October 2024 to March 2025 ) was the order that was potentially delayed.

- 6.5m Omnimesh Modules x £12.5 = £81.25m ( Guestimate ).

- £81.25m x 70% = £56,875,000 over 27 months.

- £56,875,000 divided by 27 months = £2,106,482 per month installations.

- £2,106,482 x 6 ( October 2024 to March 2025 potential additional installations for H2 FY 2025 ) = £12,638,892.

Adding the potential £12,638,892 to what CyanConnode actually achieved, revenue wise, during FY 2025, then a more acceptable FY 2025 revenue figure would have been achieved.

All in my opinion, of course.

LTI.

........ signals long-term infrastructure visibility.

From the report:-

" The planned roll-out of smart prepaid electricity meters, across Goa, marks a significant operational milestone in the state's power distribution modernisation, with implications that extend beyond billing reform, into infrastructure positioning and service visibility. The programme, led by the Goa Electricity Department and implemented by DigiSmart Networks Pvt. Ltd., a wholly owned subsidiary of CyanConnode India, is scheduled to begin domestic installations next month, following preparatory works at feeder and transformer levels.

" Approximately 7.5 lakh conventional domestic meters are due to be replaced in phases, with completion targeted over the coming years. The scale of deployment places the project among the more material state-level smart metering transitions, currently underway in India. Importantly, the roll-out operates under the framework of the Revamped Distribution Sector Scheme, aligning the initiative with broader national objectives, to reduce aggregate technical and commercial loses, improve billing efficiency and enhance transparency, across distribution networks.

" DigiSmart is not only responsible for meter installation, but also for the associated communications backbone and ongoing operations and maintenace, under an eight-year service arrangement. This creates multi-year visibility, tied to infrastructure rather than one-off equipment supply."

Good morning all,

So the preparatory work seems to be on the way to completion for the Goa smart meter project, allowing domestic smart meter installations to begin next month, which is good news, I feel.

Good Luck all.

LTI.

Good morning all,

A good overall view of the present CyanConnode/Esyasoft situation by bubloo on ADVFN, with observations from tightfist also. One which should/could prompt eventually, CyanConnode's Partners to make, either individually or collectively, an alternative approach to CyanConnode.

As I have mentioned previously, there will be Companies/Organisations within the India smart meter pyramid, who will not be very happy with the ongoing situation and any disruption that it may be causing, not only in India initially, but also globally, as far as JST and other companies are concerned.

These Companies/Organisations will also not be very happy, you would think, with the thought of Esyasoft being in control of a critical part of India's smart meter/smart grid infrastructure, as it is CyanConnode that has built up the trust and developed the Partnerships, over the years.

Let us see how this develops up towards the end of March 2026 and who, if anyone, steps-up to the plate, eventually.

Good Luck all.

LTI.

Good afternoon Bordersman and all,

It was John Cronin who I believe initiated the public disclosure of the original - unwelcome as far as I am concerned - offer from Esyasoft, on the 3rd February, 2026, coupled with the statement that " This announcement has not been made with the consent of Esyasoft." This has resulted in the near daily publication of individual Companies/Directors/Private Shareholders shareholdings, that have a notifiable position and the John Stamp/JST Group announcement and their percentage holding, this morning.

I am also of the opinion, shared by a minority of others on the bb I feel, that John Cronin and the Board have recommended acceptance of the offer, while navigating a way towards CyanConnode share-holders rejecting it. Hopefully.

I have mentioned from the outset, that I thought this offer from Esyasoft, was " opportunistic " and still do. The CyanConnode/DigiSmart project in Goa, is beginning to show visible signs of progress, which over the next few months should start to show signs of financial progress. Esyasoft would have been aware of this, hence my " opportunistic " comment. Esyasoft would also be aware of projects that CyanConnode have tendered for, as a Systems Integrator, that Esyasoft are involved in. Esyasoft will also be aware of projects that CyanConnode have tendered for as a AMISP, that Esyasoft are involved with. So a picture begins to unfold.

We also had an optimistic Financial Report I feel, delivered on the 18th December, 2025, which was to be followed up by an Investor Meet Presentation during Q4 FY 2026 - so anytime during Q4 FY 2026 - latest date Tuesday 31st March, 2026.

The date of the extension for the Esyasoft offer, is Tuesday 31st March, 2026.

Personally, I cannot see an Investor Meet Presentation taking place, until after this process runs its course. But who knows.

Take care Bordersman.

LTI.

Good morning emptyend,

I agree, that there could be some way to go yet, with this process. Along with the John Stamp/JST Group declaration, this morning.

Take care, emptyend.

LTI.

Good morning gizmo,

I can find an SEW.AI event, from February 2026, in San Diego, but cannot find the SEW.AI/IntelliSmart link, as yet. I might need a bit more help, with this one.

Will catch up later.

LTI.

Good morning all,

John Stamp is the CEO of the JST Group in Thailand, with Daniel Stamp being his son, if I remember correctly. So Mr. Stamp is now positioned just above MJ Trezise, on the CyanConnode Major Shareholders List, with 5.8%.

An interesting time to deliver this disclosure, as the others came later in the day, I seem to remember.

Interesting times ahead, I feel.

Good Luck all,

LTI.

........ provided by Smart Sustainability Solutions to CyanConnode, on 7th November, 2025, for $5.25m, is as I understand it, DigiSmart Networks specific and used for the Earnest Money Deposites ( EMD's ), which are potentially " refundable deposits " in relation to the tenders that DigiSmart undertake in the future.

Good morning all,

If possible I would like to see this specific loan paid off, by another loan - as was the original Smart Sustainability Solutions loan provided on 20th May, 2025, which was used to pay off the original Axia loan. This would in some way, reduce the CyanConnode/DigiSmart exposure to the Smart Sustainability Solutions/Esyasoft position.

A note included in the original $7.5m Unsecured Convertible Loan Note RNS, provided by CyanConnode on 20th May, 2025:-

" In addition, the Company is in discussions with various potential funders, regarding project funding for specific projects, both won by and to be awarded to, its Indian subsidiary DigiSmart Networks Private Limited ( " DigiSmart " ). Any such infrastructure project funding would be structured on a project level and remain separate from CyanConnode."

Just a thought.

Good Luck all.

LTI.

..... was last updated on 28th February, 2026, with the overall number of smart meters installed, now standing at 58,055,859, with approximately 3.38m smart meters installed during February 2026.

https://nsgm.gov.in/en/sm-stats-all

Good afternoon all,

MonteCarlo and Partners installed approximately 638k smart meters during February 2026, within 2 of their smart meter projects with DigiSmart and Partners installing a total of 182 consumer smart meters during the same period. The official " Yet to Commence " date, has not been reached, as yet, for the Goa smart meter project, according to the report.

The DT Metering is progressing in Goa, with 1,277 smart meters installed during February 2026 - 1,729 in total, with the Feeder Metering side of the Goa contract, being 100% complete.

So steady progress being made by various companies in India, in connection with the RDSS projects.

Good Luck all,

LTI.