Cyan have announced a large placement at 0.35p all shareholders to take a big kicking

Some interesting reading coming in, looks like things might start moving:

Cyan Holdings, an integrated system and software design company, has made two placings, as a result of which just over 602m shares will be issued at 0.35p each. The placing will raise £2.1m before expenses, which will be used for general working capital requirements, business development and other product development work as set out below. In addition, those people with whom shares have been placed have been granted warrants to subscribe for up to a further 301,365,000 ordinary shares at 0.5p per ordinary share within twelve months of admission. The firm said that without the placing it would not have sufficient funds to take advantage of current opportunities, but said it "remains in an outstanding position to secure substantial revenues from a very large market and, to a large extent, the placings represent the cost to the company of securing that position". Cyan added: "It is therefore essential to our growth strategy that the company approaches this crucial phase in its life in the strongest position possible."

and as someone else posted elsewhere:

"Cyan has received requests from its customers in India to start local sub-contract manufacturing in order to avoid import duties."....things are starting to move !

"In addition, the Warrants will permit the Company to receive incremental resources for working capital to fund a significant increase in stock of finished modules that will be required for initial shipments to pending orders, which the Company hopes to announce at the appropriate time."...I like the sound of that...seems very confident of success..

"The Directors believe that Cyan remains in an outstanding position to secure substantial revenues from a very large market and, to a large extent, the Placings represent the cost to the Company of securing that position"

also...

"The Directors' participation in this placing will be paid for in part by sacrificing their entire salaries for the remainder of 2012"....good to see the directors involved in this placing, at least we are all in this together.

Yeah I'm now thinking Monday morning 8am topup to lower my average. Wish I hadn't been so hasty on Friday though!


Topped up another 25k and it's already dipping again, typical! We all know this is a mid-long term though.

I've been watching VAL and haven't seen much movement, CYAN is a long wait now, at least the market seems to have stabilised so all it will take is some more good news.

Cyan GM tomorrow, hopefully an RNS of some good news RE : TNEB.

I'm going to see about another 25k shares perhaps while prices are low. Won't be long now gents 

I've bought in, hopefully it won't sink any further but its making my average buy price more respectable. 150k shares now. Me come Christmas: