RE: India22 Oct 2020 10:36
I would be interested to know who on this forum are current Cyan employees. There seems to be a lot of "orders coming our way" type comments that I read as current BOD trying to make the current position sound better than it actually is..
I have recently done a bit of a deep dive in the reporting for this company and anyone that pays any attention to the order book must be a total fool. What happened to all the massive orders in Bangladesh, Ukraine etc? This company is a one trick pony and in danger of being left behind even there. We were all promised a massive uptake when Anil joined and have yet to see any real increase in order volume.
The current potential break even is about reducing costs not increasing revenue. This looks like is mainly due to the completion of the Omnimesh development work, shutting down the Connode part of the company in Sweden and offshoring work to India. Only so long that this will work without a substantial uptake in orders.