Member Info for tonyj

Harley, thats why I said what are the Takeover Panels rules to CEO not what we would like.

ITT you are up on regs, is a CEO prohibited from making comments and giving thoughts to shareholders.

Correction: telling us

As I see it, the trouble with all this is were these bid figures set to create a panic amongst shareholders, by whom, did it work. Prior to Feb I don't think anybody was thinking of less than 30p > 50p to be achieved soon and I don't think anybody was contemplating selling with what was to come, all the contracts (AMISPs) that we were promised and all the current supply contracts (17) running. So who thought of this ridiculous starting price and who thought they would get away with it.

I would like to think that JC was doing all this for us but what rattled me was the wording in the March RNS telling us of the glorious future CC was heading for (which we already knew) and at the same time selling us it was without us. Possibly he could cover this point to his faithful followers.

A good question I have come upon. During a Takeover bid what information does the Panel allow CEO to disclose to Shareholders. Not what we would like but what the Panel actually allows.

Now come ladies, its a waiting game, next thing it will be knitting round the Guillotine. JC might just pull something out of bag. Thinking, hang on still thinking.

Is interesting ,he is pushing many things around the country, including energy involving putting forward big investments. He covered A DEVELOPED TAMIL NADU ON THE WAY. You can see why Esyasoft has interest. To me there is big money waiting all over India.

This still comes back to why CC BOD recommended 10.44p. If JC published Feb RNS as a preemptive it certainly did us no favours, SP was on this rise and by March RNS could well have been 12p+. I think JC is now likely to be preparing his presentation as either way answers need to be provided.

My thoughts are, this is not likely to proceed as some Big Fund money came in years ago and will hopefully be expecting 100p+ to breakeven plus a bit. All being equal (and probably not) CC has £15m of cheap loans from Esyasoft, are AMISP, got GOA contract and looking at a lot more (could be £0.5bn to £1bn), have 17 contracts to supply. Unless Esyasoft has a massive hold over, or offer to BOD they cannot refuse, then it is in CC's interest if we just push ahead with inbuilt finance and do not waste it on peripherals like ROW and charities until capable.

Morning, is that another word for Turnkey, JC mentioned that when BI took our Smart on to their benches. He said any problems we could always turned meters off.

Hi gizmo, unless Esyasoft came out with some massive offer, really massive, as they also want us, the best situation is no deal.

LTI, if you can give us summary of CC/Intelismart. To me CC got in with Intellismart when it helped them out filling an 1m unit asap order when something went wrong with one Intellismarts contracts, then they were offered pipeline then they did other things for them which I felt was more amisp work. So had confidence in CC.

Morning all. Only a thought, if this bully boy tactic of Esyasoft does not work then possibly CC could rise rapidly. The product still remains excellent its the organisation that needs to reassess its self. Quick look back, Mysore did very well, Indore did even better and got accolades from Utility and GOI and became their Showcase. Cannot get much better than that. There is loads of money to be made in India and Esyasoft knows it.

So common Jake.

Morning Jake, with the in hock, Esyasoft signed a long loan. This is where if BOD used their loaf they could have the upper hand. Esyasoft have to wait a long time for money back and if don't look after CC if could be worthless to them as all the India stuff would have been long gone.

Interesting Jake, I am still wondering why the deal was necessary in the first place. CC constantly overspent money it did not have, R&D and finally setting up AMISP. That done and 2 massive loans with long end dates and CC was set to take on the 10m units AMISP that JC was going for. So why was a takeover even considered. With order book and all the contract bids I would place a sentiment value of at least 100p+. Colour refers to inexperience but CC had lesser, Mysore/Indore and then more with Intellismart doing what appeared to be nearly AMISP for them.

That's the one LTI. Thanks

See LinkedIn 'the succes of Smart meter' etc

Thanks gizmo. Has anybody received any updates.

Final go at this you two. When did the £70m Goa start. Did it specifically say only when domestic installs begin. Was it that prescise. Gizmo you will know this one.

Gizmo, I labour on, lol, didn't Goa government say contract would start December25. Which was late then.

Blimey gizmo, now that's some mistake for a CEO.