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

By Steve Moore | Friday 25 March 2022


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


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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