More like 0.4p

this whole adding to a losing position is all a bit dubious guys

I think it only looks dubious if you haven't followed the business at all the past few months. I've bought in at slightly the wrong times, but I was going to top up my shares anyway. In September we should know for sure whats what and hopefully see the price rise dramatically. The outlook is still very positive despite the volatility which seems typical with AIM. In fact now is probably a better time than there ever has been to buy.

Yes, I couldn't agree more with you there Dave. I've been mulling over what I've put down very carefully first and only what I'm positive I can afford.

Averaging down is fair enough, there's a massive upside to CYAN that hasn't been realised yet should this TNEB contract go through as we all hope and expect, I do wish it would hurry up mind

plus all that electric was down last week - so people know, this chip is for smart meters & lots of electric is stolen in india, by people hooking themselves up to the grid, or bypassing meters, etc. - they hope this will put a stop to a lot of that as they can connect & look at any meter in real time - Cyan software on the chip & its cyan software that allows them to talk to the meters. The meters are made by other companies. In a way - this could be like 'soundblaster' was for PC Sound.

btw.. I don't trade in small caps (nor trade at all at the moment) it seems there is a lot of waiting around with these small caps... lots of it might do something etc.. balance sheet is crap with most of these companies and plenty of them have marketing/stories about why they're going to be the next big thing after oil is about to be discovered in X location or Y contract has been signed... its right around the corner...

One thing that strikes me about this is the Indian thing - they're corrupt as... contracts don't go to the best bidder/best in a trail but rather the best briber - which is why French Jets get picked over the Eurofighter etc.. I am wondering if one strategy for something like Cyan is just to watch it for any significant movement upwards due to an increase in volume just ahead of the estimated time for the contract to be announced (I don't know much about this but googling it says 45 -60 days after the trial started at beginning of July - so like mid to end of August). would be interesting to see if there are any previous AIM stocks that got some big movements upwards as a result of contracts in India and whether there was any significant movement/volume in the days prior... i.e. my idea would be assume Indians are corrupt, assume that *if* the contract does go to CYAN (might not if the bribe doesn't get paid to the right person) that there would be some insider trading - use the insider trading as an indicator that the contract will be signed get into a position some time between middle of August and the end on the basis of an increase in price/volume.... I dunno - just thinking aloud tbh.. wouldn't just do that blind either but its the sort of approach I'd look into and maybe look to see if it would have held up with any previous examples. I reckon there is a good chance that, if a contract is going to be signed which would result in a big increase in the share price, some Indians will be taking advantage of it - whether or not that would be reflected in any significant increase in price/volume traded immediately before the announcement - I'm not sure.

Good points there Dave. I don't think this is a big risk with CYAN as they are partnered to the only 2 companies that have currently passed the initial testing phase of the TNEB contract (although others are allowed to resubmit) and they are in bed with the majority of the others, there would have to be some serious stupidity going on for India to accept bribes from anyone else to go through though as the technology and SaaS CYAN are getting established with here is a global game changer.

So not sure if its relevant but there are other companies which are a lot bigger than cyan who have a massive smart metering presence. My one also has a huge presence in India. What is cyan's unique selling point on this?

Are they part of the TNEB tenure? What field of smart metering?

The gist of it is these smart meters work on a wireless mesh network so can talk to each other and operate in such a way that they are tamper proof which is something none of the competitors have been able to achieve. The beauty of this is that they have costs down equivalent to sending a man out to check the meters by hand, so it is not expensive either. $8 billion a year is lost in India to electricity theft/tampering, so you can see why this is so important.

So they are the same smart meters currently widespread in America, the Netherlands, etc...

No idea what TNEB is, but cyan aren't the only horse in this race, in fact I'm sure of it. My company has been doing this since before 2007.

Just looked up some stuff, no they aren't competing in India for smart metering but they pretty much have the UK  and Europe wrapped up.