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CyanConnode – how ‘pleasing’ is new Omnimesh order?

By Steve Moore | Monday 7 September 2020


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.


Self-styled “a world leader in Narrowband Radio Frequency Smart Mesh Networks”, CyanConnode (CYAN“is pleased to announce a new order for the Indian state-owned utility ‘Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Ltd’, for 350,000 Omnimesh Modules, with the majority of payments secured against a Letter of Credit”… and the shares are currently at 5p, approaching 15% higher. So what are those payments?…

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