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I also favour the bird in hand approach (but think £500m in total would be more reasonable).
The key question I have at the moment is when will we receive news on Merck? A new deal Is just what we need. If there is one to be had it could be a complex arrangement but with the notable exception of last week, without the SP normally heads south.
Agree with both of you. Samsung will drag it out as long as possible and then offer as little as possible. Hopefully though botbot1202 NANO's lawyers will have enough of the Ally McBeals about them to argue Samsung up another couple of hundred million.
The damages could well be billions, but to be realistic. If Samsung said to Nano, hey mate, look, here's $100m for the past, and we'll sign an agreement for the future worth $250m, do you really think Nano would turn it down.! The "never look a gift horse in the mouth", or "a bird in the hand is worth two in the bush" comes to mind.! and a $100m cash, now, in the bank, will enable Nano to survive for the next 10+ years without any worries whatsoever. Of course, I'm hoping it will be substantially more, but i would rather have "guaranteed" money vs "maybe" money any day. We will soon know, when they announce on the day that ends in a "Y".
That’s right Basscadet but when the case commences, NANO will have entered into an arrangement with the third party funders, so there will be a substantial pay away. I am not convinced Samsung will settle early because of the scale of potential damages but would love to be wrong.
That's only the deadline for Samsung's initial response. It doesn't mean the court case will go ahead if there isn't a settlement before then. Settlements can happen anytime including during the case. Beyond the response we might not get anything more meaningfull until the 2nd half of next year when NANO expect the case to be scheduled.
My recollection is of 31 August as being the original extended deadline set by judge Gilstrap Nige, but I believe parties will be in discussions. Given the backlog of court cases the judge will want to do what he can to minimise caseload and encourage out of court settlements. I think both parties have been warned not to bring a case unless they have done their best to reach a solution and are unab!e to. If that view is correct and Samsung drags its feet, or is seen to waste court time, it should assist NANO in any award for damages.
Thanks SL If that has been extended again it means nano must have agreed to it so discussions still ongoing. Personally I think nano should just let it go to court, cos damages received will be far greater than a settlement even if a lot goes to lawyers. BoL
Hi SL Not bovvered about Merck nor STM, next event should be Samsung. From memory must be settled before Aug 1st otherwise court case goes ahead. Only 10th today but nano won't call off the court case until money in the bank. Samsung have to reply with an explanation of their defence before the 1st Aug, otherwise deemed guilty, and it also means the Court can fast track the settlement (not months / years). Thanks for wishing me luck with my ISA - it worked! Only applied for it 2 days ago, transferred money from trade A/c and bought all shares earlier with no worries (unlike prev years!) BoL
Hi SL My original idea was that if Samsung did not take over nano they could become liable to lots of other IP infringements (from Europe and ROW) or possibly from any company that takes over nano IP, with no binding conditions of existing settlement - if nano/Samsung agreed a settlement. So better for Samsung to buy the lot. It is a massive Company which could be in a position to take over Huawei contract, they could also adapt to using the rest of nano Tech, or sell it off. This way no long term risk. Personally I just want this all settled Asap. If Samsung buy nano - great loads of Cash soon, if settlement OK then need to decide how much to leave in nano. This could create a short term opportunity. Current price 18.2 assuming £500M damages then Sp should be about 200, but it will take time to reach that. But Samsung might insist on nano saying an amicable settlement has been achieved and damages will not be published (until next results). Two things to bear in mind, if this goes to Court the US will hammer them, and how can they pick up Huawei contract while having yet more IP issues. BoL
I don't agree Botbot. Nanoco has value outside of display and way outside Samsung's area of interest, so It makes no sense for Nanoco to be bought by Samsung . Getting Samsung to pay damages and then ongoing royalties for using Nanoco's technology makes far more sense. Nanoco would then be free to extract value from its innovative platform technology across a range of wider applications.
LOAM and RG wouldn't accept a low ball offer at this point, but a Samsung buy-out would make the most logical sense, which mean that it's unlikely because nothing about Nano or even the stock market is logical.!
I'll stick my neck out. They have had time now to get an agreement with Merck sorted. Letting it go on too long will hurt both parties, so a fair chance this Friday for the Merck RNS ! Ha Ha, my Crystal ball is still a bit misty though, so no promises!
Thanks for the update Botbot, I had found myself struggling to sleep wandering what your current share level was since your last update. Keep the RNS predictions coming as well, it's almost as if you have a crystal ball. Look forward to you telling us the exact sale price again......