Member Info for Seawolf

Dear all,
Just to make things perfectly clear this company has never made a profit (fact).
2015 - loss £4.9M
2016 - loss £7.94M
2017 - Loss £11.00M
2018 - Tbc but a loss is expected
2019 - possibly break even, that's £23.8M of shareholders investment (without going back any further) with no return, and still rising. A 200:1 consolidation and a Share price which has fallen from 28p to 5.95p (post consolidation). it has a long way to go before LTH's see anything like a return on investment, am I missing anything?

No shit, the 2018 figures will be better than 2017, we that wouldn't be hard would it!!!!!!
We will have to see what the figures are but I guess JC will try to make it look good.

Tony, I just want some good honest figures, not JC's continual sales pitch and spin. As i said before Connode was supposed to provide repeat income from their business licences but guess what, no evidence of it anywhere. I am just sceptical about profitability and with my investment so low down I have a right to the answers and JC just evades them (like the recent investor video).

Nice to see that you've popped in Irishmouse, hope you are well.

I've just looked in on a blue day, has JC resigned?

ITT, I saw exactly the same thing happen with Intelligent Energy, good product, crap management, poor marketing and burning cash like a sheik in an oil well! It transpires that they were even losing money on a maint contract.
It could well happen as I don't see where the cash is coming from, furthemore I was reading the Indian tender guidelines and it didn't say anything about renewable software licences or additional maint and upkeep costs.
My take on this is that India wants smart metering for almost nothing, we already know there is no money in the UK smart meter rollout as HB told us. How the hell are we making any profit, answers on a postage stamp.

Another milestone achieved (52 week low). Must be due a pay rise or more options!!!!
Fund raise, oh yes, suits you sir.

the answer is not a lot, I suspect!!!!

GL,
Thanks for posting this, all I can say is "never let the truth get in the way of a good story!" The last part regarding speed is a complete joke, not one jot of truth.
Bearing in mind this was from February, this pretty much cemented my view that he needs replacing and the sooner the better.

Drewky, this board has found sweet Felicity Adams!
All I want is for them to do their jobs and get this company producing again, like it did a couple of years ago!!!!

The 2 year and beyond share price chart tells everyone just about all they need to know about the company and it's performance. It doesn't however tell you about the future potential, and if you brought in now you stand about as much chance of making a profit as those who brought in 5 years ago.
The big if, is that can we trust the BOD to deliver? Good question as we are talking about Jay B and his alleged influence with the Tanzanian authorities. Personally I have had enough of Jay B, nothing good has happened under his watch, nor does it look likely to happen any time soon.

this goes below 1p, I am looking at having our CEO's head on a stake!!!

HBob, 3.45Million ounces, It added 28p per share during the takeover, pretty cool I'd say

CB, you forgot to add payment terms (30,60,90, before income received), maybe even deferred!!!!! doh, its almost funny

Tony,
All well and good, I invested in Cyan because I believed in the technology and the potential. However, where is the profit margin coming from, at what level and when (that's the bottom line!).

LTI,
I wonder what the performance of competitor 2 and 3 look like if Cyan is at the top of the pile!!!

Good insight into how this award works but I can't figure out how Cyan qualifies, let alone wins.

Thanks for the info.

CB, agreed! Frost and Sullivan has clearly led to huge growth and millions in the bank (not, more like millions spent with little return).

Proper sham :(

All I want to know at this point in time is why isn't Kiliwani producing gas, no lies, no deceit, just good old facts. I've seen the photos of two men on the ground and a portable compressor, bloody hell they could have borrowed mine 18 months ago!!!! (FOC). Another year passes without producing a bean.
Lets be honest, who on this BB in full time employment could get away with not being productive without being sacked?

Chin up Warthog, Q2 just around the corner and this could be a great year for little Sareum.

on the ground at La Parilla, roll on Q2 with increased production. Just like to say a big Well Done to everyone in the Wres team.