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CyanConnode – argues “very encouraged by the success”… but what about the balance sheet?

Self-styled “a world leader in narrowband radio frequency mesh networks” CyanConnode (CYAN) has announced results for its half-year ended 30th September 2020 and that “the board is very encouraged by the success of all CyanConnode's deployments, and is especially pleased to see the progress being made against contracts in India and Thailand during the period” – and the shares have currently responded higher, to 5.05p. However, with the shares above 6p, I previously questioned that the company argues loan “for working capital to fund growth”, what about for keeping the lights on? What do the results now show?...

EPIC CYAN
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CyanConnode – argues loan “for working capital to fund growth”, what about for keeping the lights on?...

Self-styled “a world leader in Narrowband Radio Frequency Smart Mesh Networks” CyanConnode (CYAN) has updated including that it “is pleased to announce that it has agreed a £400,000 unsecured loan from certain directors for working capital to fund growth… revenue exceeded the same period last year by approximately 50%” – and the shares have currently responded to above 6p, 10% higher...

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