Keyword results: John Cronin

CyanConnode – “solid progress” or continuing cash burn? (And what about the borrowings?!)

CyanConnode (CYAN), which describes itself as “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, states that it “is pleased to provide a trading update for the nine-month period ended 31 December 2021”. What then is it which sees the shares currently 3.5% lower below 21p?…

CyanConnode – argues share incentive ‘restructuring’ “effective and simpler”. How about exorbitant and shameful?...

CyanConnode (CYAN) has announced that, “following a review of executive director rewards and incentives, the Remuneration Committee of the company determined that certain existing share options were no longer fit for purpose as an incentive and should be replaced in order to make incentive arrangements both effective and simpler”. So what are the “restructuring of Share incentive arrangements”?…

CyanConnode – “thankful for the strong support shown”. I bet!...

Previously writing on self-styled “a world leader in narrowband radio frequency (RF) smart mesh networks” CyanConnode (CYAN), in April I questioned how ‘pleasing’ was a trading update. Today a “Placing and Subscription”…

CyanConnode – again “Director Share Purchases” which aren’t... and why not announced yesterday with the others?

Another “Director Share Purchases” announcement from CyanConnode (CYAN) – this time re. Executive Chairman John Cronin adding 1,467,391 shares to his shareholding. However…

CyanConnode – further “Director Share Purchases” and an “Investor Presentation”. Hmmm, what’s next?

Previously writing on CyanConnode (CYAN), earlier this week I concluded I retained prior caution – that of recent disappointment and the balance sheet. There has since been a further “Director Share Purchases” and an “Investor Presentation” announcement…

CyanConnode – “confidence that we will meet full year market expectations”. Really?...

Already down from a start of 2019 more than 9p, shares in CyanConnode (CYAN) are currently further lower below 6p despite a trading update seeing Executive Chairman John Cronin commencing “we have made solid progress during H1 2019, securing a number of follow on orders in India and Europe, which is testament to the strength of our Omnimesh technology” and concluding “the growth in India and the demand from the rest of the world gives the board confidence that we will meet full year market expectations. We look forward to reporting on such new orders in H2 2019 and delivering significant revenue growth for FY 2019”. Hmmm…

CyanConnode – trading update argues a 2019 “prudently built” business plan; previous ones imprudent then?

“Trading Update” from self-styled “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, CyanConnode (CYAN) is headlined “FY Revenues significantly exceed those achieved in FY 2017”. Why is the vanity of revenue rather than the reality of cash emphasised? – always a concern…

CyanConnode – a ‘pleasing’ fundraising “to fund future growth”? Nope. ‘Pleasing’ board participation? Er…

With its shares sliding following results last month, it was then “Consolidation of European Operations”“$11.6 million order from India” and “$2.9m Order for Support Contract” announcements from CyanConnode (CYAN). As these helped the shares up, I warned India order & European office closure, how’s the funding situation? and more ‘news’, when’s the attempted new funding then?. Today; surprise, surprise…

CyanConnode – more ‘news’, when’s the attempted new funding then?

“CyanConnode (AIM: CYAN), a world leader in narrowband radio frequency mesh networks, is pleased to announce the receipt of a $2.9 million purchase order for a five-year support and maintenance contract for an Omnimesh smart metering deployment by a State-Owned Utility in India” - and the shares have responded currently a further circa 10% higher, to above 13p, BUT…

CyanConnode – attempts to mitigate with it cash crunch & AGM ahoy

Having announced results little more than 3 weeks ago, now a “Pre-AGM Update” from CyanConnode (CYAN) – the AGM though not until next week. A significant development then?...

CyanConnode – another set of results, ANOTHER placing!

CyanConnode (CYAN) has announced results for the first half of 2017, including “we are delighted with the progress made during the period”. Good, good. Oh what? Already down from above 0.20p at the start of the year, the shares further lower at 0.16p? Hmmm…

CyanConnode – ANOTHER funding!, just how frequently does it require support on ‘journey to commercialisation’?

CyanConnode (CYAN) is “pleased to announce” a successful equity raise of 1,906,912,392 new shares at 0.17p each. Hang on, haven’t I already heard similar since previously reviewing in August?...

Cyan – a “world leader” adopting a model “similar to ARM Holdings plc”. Really?!? …

Self-declared “world leader” in technical jargon to describe what it does (Oops, I meant “in narrowband RF mesh networks for Omni Internet of Things communications”), Cyan (CYAN) has announced results for the first half of 2016 – noting its “financial performance reflected the increasing maturity of our offering and relationships” and that it’s “excited by the group's growth prospects”. Hmmm…

AIM's equivalent of a crackhead Cyan - shite results - how close is it to insolvency?

When it comes to cash, Cyan (CYAN) is the AIM equivalent of a crackhead. That is to say if shareholders pony up for a placing, the company responds with a marginal increase in sales but a huge increase in losses and then comes back for ever more. FFS cries executive chairman John Cronin in today's results, "give me some more fecking scrabble" I'm almost out. And that brings us to the £12.5 million placing which Mr Cronin was planning to do at 0.21p on May 24th when I spoiled his party with this scoop HERE.

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