Member Info for tonyj

Well I have been away at a funeral but you lot 'have all done very well'. A little bit of clarification for me gizmo, have all the feeder and commercial installs been done outside of the contract. Now this is a long ball, if Esyasoft is under pressure will they come in with a cracker of an offer. For their plans to succeed I would say they desperately need CC Smart Link, so fiat accompli, do they up bid to say 300p to swipe the board (they are looking to the future), do they look for somebody else, not likely, do they give up and re-join Adani in their day to day work, possible. As last is probably small fry to come they could abandon their presence in India. Now that could well be dreaming.

As a matter of interest, we got these big loans from Esyasoft but to who's name were the loans made.

Now I'm lost gizmo, back track, at present who owns Greenmeter.

If contract started in Dec CC should have started to receive payments (just under £3m per month) and have their deposit back. Is there any way we can find out if these have happened. This could make a lot of difference to decision making.

Thanks for update LTI. Gizmo may have a bit more info. From what you said on Directors Report it would appear to me that the contract is underway as roll out to residentials is second stage, first was Feeders and Commercials, that would not be a separate contract.

Hello gizmo, perhaps LTI could enlighten us if there is any other information available. To me contract must have started as penned if for 1st Dec I believe, unless contract does not commence until residential units start. Work has already commenced on Feeders and Commercials so logically already underway.

Morning all, I think there is a common opinion, at least among long termers that the 10.44p is ridiculous, and that for all the time, money and R&D that has gone into CC should we be looking at 100p plus. Not desiring to sell in first place, especially at anything near 10.44p as we are about to go into the big time, should we set a target for BOD to aim at 300p as a counter sell requirement. If Esyasoft do not like it they can walk away leaving CC, they want to buy we didn't want to sell, prior to our stupid BOD statement, leaving us to progress up to 50p with 2 nice long term loans and needing no more cash. We are being led by the tail-end at present we own the company. Considering gizmo's finding of GOA 2 year ownership requirement, I consider ownership is Digismart> CCI> CC Group, all one ownership, the idea being continuity.

Hello Colour, not hard the way you put it but are they all facts or your surmise. Did you see that GOA condition of 2 years owner continuity, gizmo did. Do you think it could we worked upon. Meters have been installed in GOA, so presumably deposit returned, first of RDSS payments in or due, roughly £3m a month for distribution. What evidence do you have that GOA is not running well. Of course flip the coin and ask why Esyasoft, with millions of dollars should be interested in CC if there was not mega bucks to be made.

I would go with that jake, tell them to clear off or at least we are in charge. We were not looking to sell at this point in time, being just about to go into the big time now that we are AMISP and GOA started.

LTI, I don't know if I have this right but will most of future contracts be RDSS, as I think they are self financing, and deposits returned on starting so GOA probably back already. Tell me what you think of gizmo's 14 Mar 20:03. Clause obviously put in for protection of continuity. Would Esyasoft have known of this clause. Things do slip through.

Good point LTI, but I would offer that CC does not need all the loans it currently has. In India RDSS will probably be the general rule so self funding. Most R&D has been carried out so not such a big cost in future. If Esyasoft had played the game and played a background role things would have ticked along nicely.

Harley/Borders, prior to Feb the SP was slowly rising, so any gap like suspension would give CC a chance to get figures in from GOA and announce any further AMISP wins, which I should imagine will occur in the coming months. If these are anything like GOA and we get up to 10m units that is a gross revenue for distribution of £1bn. That would be impressive.

Good morning LTI. Notwithstanding my comments yesterday evening and considering your comments, whilst we differ on the need for Esyasoft I feel we agree that 10.44p is unacceptable and should be 100p+, so:

Good morning all, if we go back to pre JC 3 Feb RNS and treat as not happened, I would suggest that given the fact that CC SP was rising and GOA figures were about to come in, we could well be currently standing at an SP of 15p to 20p.

To achieve our position over the years CC has had to give excellent service and provide the highest SLA's. What do we know of Esyasoft performance, installations and reliability and what are their SLA's; they may be good.

However if unknown it could be that they are mainly money providers, sub out work or even sub sub back to us and are in name only. Gizmo you seem to have knowledge in these areas, am I over doing suspicion or are we being conned by BOD to make us feel worthless and get rid of us.

Evening LTI, with due respect I think you are sending out mixed messages. In fact in the early days I did enjoy the AGM's, we heard JC talk of the aims of Cyan, met other directors and managers, saw whatever gadgets SS had brought along. Over years this progressed to nod through AGM's after SS left.

On share holdings I was challenged I believe by Colour on averages and showed my evidence, declarations do not bother me if warranted. Your share holding is a matter for you. The question is where you stand average wise. At 10.44p will you come in profit, that's what you aim for, or a thumping great loss, in which case it would be illogical under any circumstances to support sale to Esyasoft under 100p.

No the 100p I was referring to, and I think 500p would be a justifiable price for the time, product and R&D that's gone in, would be compensation compared with current offer. I would be more concerned if deals were made off market to groups at improved prices.

Your reference to CC value. CC may achieve higher valuation in future but currently probably without us. Or even taken Private so no record. Right funding and to be beholden does not have to come from Esyasoft. Investor Meet Presentation does not need to go on hold, as it is business as usual, to do so would be opportunistic. Referring to my 09:19 I feel but do you agree Esyasoft has negotiated us into this corner to take control of CC and if loan obtained from elsewhere we would not be in this fix. Do we need all the loans Esyasoft has given us and would they have offered them if not to create this situation.

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

Hello Harley, side bet 100p, LOL. Take it you didnt read my 0919, or a quick reader.

Its probably worth a few bob in shares. Fair chance that with bid you win, without bid you win.

I believe in honesty, not a good ethic in share dealing.

Morning LTI, again there are ways, not illegal but questionable, for instance if I offered you 50p for your shares, illegal, I think not. So are you in favour of the takeover even at 50p, would you need more to breakeven, considering you would no longer have contact, I presume, with CC would you be happy after all these years. I had various reasons for not attending AGM's, some were boredom with no gain, others were appointments, some attendances not recommended by JC to attend in person.

After reading most material available to me regarding Esyasoft my understanding was: CC won contracts from Esyasoft and Monte Carlo to supply only, CC gained AMISP status ( do not think I had previous knowledge of this), CC won GOA contract against Adani (very surprised), GOA CC going to do AMISP + supply + install, next minute Esyasoft doing install, so contracts can change, JC issues Feb RNS with offer from Esyasoft recommending no action by shareholders, JC issues Mar RNS recommending acceptance of slightly improved offer. To me very fishy.

After reading your BB's I have a revised opinion, is it that Esyasoft who already own an Indian meter manufacturer sought out CC who were doing well to start their end to end chain, assisted CC to get AMISP, let CC get GOA with Adani a near miss bid but Esyasoft already being in j,v, with Adani elsewhere, Esyasoft replacing Axia loans in final preemptive move, cornering CC with binding conditions.

My thought is that JC issued that Feb RNS to soften us up and then to give up. Which is nearly what has happened.

Does that sound a reasonable conclusion to you LTI and are you happy to go along with that. Would say a reasonable compensation for us long termers who have pumped in various amounts of cash along the way is 100p. We listen to what you say, so again, how say you.

Thanks Trader. Point taken not to get too carried away. However at present I am p****d off with JC, CC and LTI.

LTI there is no suggestion that you have done anything illegal, as you are aware suggestions are being thought that JC may be offered a position if takeover went ahead, all supposition of course. What I am annoyed at is despite Esyasoft coming on the GOA scene with binding loans holding CC in an almost impossible position, you are defending Esyasoft like mad, despite knowing that if bid went through you would be out and most probably supporting a massive loss. Now how about answering a simple question, considering your own personal position, at what price would you consider a bid price would be suitable to you. By the way I'll meet you face to face at EGM if one takes place. I feel that PI's have been let down after all these years, how say you.

Harley/Colour, I am sure LTI will give reasoning. However I cannot work out how he can glorify CC and Esyasoft partner if under current circumstances he will be loosing a lot of money by selling any shares, probably needs 100p to clear considering his time in. Not sure but I think it was ITT who said his average was 87p so I would think LTI not far off. Still cannot work out why we need Esyasoft, when we had Axia loan, which they were prepared to extend, JC grabbed these Esyasoft loans, second one we did not need, for cheapness. These were long term pay at the end loans, so with all this money in the bank, GOA starting up, money for maybe 30 AMISP bids, why do we need to even entertain Esyasoft offer, which has not been formalised. If somebody else had made this bid at this ridiculous price the board would have turned it down flat, with absolutely no interest. So what is the hold of Esyasoft. Is there a threat to the business that we do not know of. Needs investigation if only to say no wrong going.

Thank you gizmo. Are you saying Digismart must stay a wholly owned subsidiary of CCI, and are you saying de facto CCI must stay with the same owners during that time.

Well LTI, we are looking at this from different angles. RNS:0221V are you saying that 10.44p or near to it is a good offer. As you have been in for such a long time I would think you are very well underwater, is that the case. We have waited 15 years for this year, which until this stupidity happened, say August last year we were just waiting for GOA to start, which was due about September, then CC announces Esyasoft had taken over installations, no update or reasons from JC. You keep saying about us being reliant on Esyasoft, in what way, they and Monte Carlo have placed a few orders but others could have done that.

So how reliant are we on Esyasoft, no mention of this previously, we have loans which will give us all the reserves we need, Goa will be returning £3m per month gross, we are pitching for 10m units AMISP which could give us £1bn gross for distribution and obviously if we get to 50m units then possibly £5bn gross.

Any other time you would be praising these sums so why not now.

Read the RNS again and tell me if you think JC is telling us of all wonders that beholds CC but without us. Logically without you to, but are you being compensated in some other way. Otherwise you are out with big losses. What are your true feelings LTI about being a big time looser to the JC Kingdom.

Afternoon LTI, not often but I totally disagree with you. Goa, is the first time that CC has done other than supply only to Esyasoft, or am I wrong. With GOA CC in addition to AMISP was going to supply and fit, then Esyasoft was subbed to fit, so contracts can change. CC has done more than supply only for Intellismart, so they have the overall knowledge. So what allegiance does CC have to Esyasoft. To me they do not need them, so get shot.

To me you seem to imply the bid is a done deal subject to tweaking, but you have been in so long that unless you averaged at every dip then you must be well underwater. So are you willing to make a large loss. Are you happy with situation and if so why so. I am intrigued.