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CyanConnode – ‘a world leader’ “delighted” to raise £0.5 million?!

Describing itself as “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, CyanConnode (CYAN) has announced it has raised £0.5 million via a share subscription at 12.25p per share – stating “considering these uncertain times, your board felt it prudent to accept the offer, the proceeds of which will be used to bolster working capital”.


CyanConnode – “largest-ever order”, but ramptastic over financial detail again?

Describing itself as “a world leader in Narrowband Radio Frequency Smart Mesh Networks, which are used for machine to machine communication”, CyanConnode (CYAN) has announced a largest-ever order of one million Omnimesh Modules, together with infrastructure, hardware, software, licencing and support. So what of the shares currently responding to 18.5p, more than 25% higher?


CyanConnode – ‘a world leader with a growth fundraise’. Really?...

Describing itself as “a world leader in narrowband radio frequency smart mesh networks”, CyanConnode (CYAN) has announced new funding which it states “allow us to maintain momentum and win some of the large opportunities being presented to us” – and the shares have currently responded up to 16.5p. This though follows I previously questioning “solid progress” or continuing cash burn? (And what about the borrowings?!) with the shares falling below 21p in January. So what now?...

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