Anything come of the Cyan AGM?

Nothing concrete at all other than some more warrants issued at 0.65, here's some info from some people that visted the AGM, make of it what you will:

QuoteThe resolutions were passed, then JC did a presentation followed by a Q&A session. During the presentation (in which JC got to double figures with his 'OOOggge's) he released a few snippets of info. Silverspring are considered a main competitor and have just floated in the US for $1bn. JC thought that they had no solution for emerging markets, and their high costs were likely to stop them making inroads in to Brazil.

Some new info on TNEB was that finance is in place. The govt provide TNEB with a loan, which turns into a grant once the money is spent. Cost per meter is $30, so even the intital tender is worth $45m, so TNEB are keen to get everything right - full contract worth c$500,000,000! Still four from six finalists. The other two finalists do not appear to be interoperable. I got the strong impression that they remain as confident as ever of being awarded the contract, just need to be patient.

The Indian chip OEMs will be fully validated by end of July having produced 10k units each.

The $1m contract is for several projects and will be 'deployed by the end of this calendar year'.

The other projects in India are progressing, and the the Board seemed most confident about the Mumbai project, which is with a private utility.

China is a large market covered by two utilities, but Cyan will continue to concentrate on India. A discussion took place on what the four employees based in HK do (none of them are proactive sales) and JC said that would be reviewed.

A former utility CEO from Brazil is bringing a smart grid techie over to Cambridge for a meeting on 10th July (at their own expense!) with a view to a partnership with Cyan.

A discussion around further dilution took place and Cyan and Xcap have looked at alternative methods of raising funds which will become available once/if TNEB revenues come on stream.

JS stated that Geoff Sarney had 'never been an employee' which came as a surprise to me. Geoff oversees the M2M project 'with Cyan in mind'. Cyan's link to Geoff is ad-hoc, so I'm not holding my breath on that one.

AGM Presentation: http://www.cyantechnology-ir.com/archive/pdf/presentations/Cyan-2013_AGM_Presentation.pdf

CYAN put out a bad news RNS today (TNEB tender suspended) and it's tanked, I've pulled out right away not losing much at all but its very low now. If you are still in I'd watch the price, it might recover a little.

I had £50 in them - I now have £30. Bastard - but so glad I only buy a few for fun here and there!

On the plus side my BT shares are through the roof right now.

So the big profitable blue chip is up.

The sh*tkicker penny stock gamble fell off a cliff.

#amIrepeatingMyself

Quote from: Sam on July 08, 2013, 16:27:57 PM
So the big profitable blue chip is up.

The sh*tkicker penny stock gamble fell off a cliff.

#amIrepeatingMyself

but you wouldnt put thousands into a penny stuck. £500 at most.
At the end of the day, this is completely out of Cyan's hands. It could be suspended for a week, could be for months.

BLVN up 10% today. GKP up despite some boardroom wrangles as theres politics being played as they plan to move to FTSE 250

BLVN barely off all time lows. GXP same. Who cares if they have 10%

NBG is up 15%. Must be a killer stock? Except my mate bought it a month ago and he's down 90% on it.

Quote from: Sam on July 08, 2013, 18:53:33 PM
BLVN barely off all time lows. GXP same. Who cares if they have 10%

NBG is up 15%. Must be a killer stock? Except my mate bought it a month ago and he's down 90% on it.

Every company starts somewhere.
Lets revisit it in 6-12 months

I hope you do well out of them I genuinely do. But I personally don't see the attraction of sh*t stocks that 99% of the time just collapse to hit zero. This thread is like a how-to on how not to invest.

Quote from: Sam on July 08, 2013, 20:38:10 PM
I hope you do well out of them I genuinely do. But I personally don't see the attraction of sh*t stocks that 99% of the time just collapse to hit zero. This thread is like a how-to on how not to invest.

Thats easy to say today. However you said nothing when it rose 30-40% 2 weeks ago! THe small penny stocks are gambling, rather than investing.
They are up & coming companies. GKP have 15 billion barrels of oil & should start production by 4th quater of 20,000 a day - just waiting for the pipeline to be finished.
FastJet is another interesting one - 1st international budget airline in africa & is backed by the founder of EasyJet.
There are some companies there with a lot of potential. There are also some dogs. This day & age its difficult to get funding, so they usually do it by share issuing.

What rose 30 / 40%? I don't check your stocks daily sorry.

FastJet - must be a full time job scouring the web for these sh*t kickers.

f**k me fastjet. Only down 75% since January LOL.

I'm already £8 up on ABF this morning, so I'm not feeling bad about my move now. I'm still going to keep an eye on CYAN though to see what happens with them.

For the record, I told him not to buy ABF

Well, you didn't exactly say don't buy it, you said you thought there were better options like Aviva