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Hi ddubya,
Don't think you meant to cause offence for one second.
I hate the 'man' and only give him a certain amount of respect by referring to his position as PM or on rare occasions by use of his full name or slightly more often, Johnson. There's no doubt he would prefer to be seen as 'one of the lads ' or as a 'mate ' when it suits but from my point of view, would never give him that pleasure.
ATB
Hello T and sorry you find it obnoxious to refer to the PM by his christian name. I did not mean to cause offence but find it difficult to understand that point of view in part because the PM does not discourage the label but we are of course each entitled to our view and opinion.
TB - I agree the Court case is likely to be delayed and I understand a three month delay is anticipated in the Eastern Texas Court, so it feels like we agree.
More importantly - go about your daily lives with extreme caution.
Keep safe and healthy at all times.
GLA
No ddubya , I mean it is inconceivable that nanoco's case will be heard anytime soon, and if nanoco and Samsung can't sort this out "out of court" , then nanoco could be in for a very long wait on any settlement. There's any amount of perfectly legal stalling tactics, or could Samsung just wait until nanoco is against the ropes , as it practically looks now with merck wanting to renegotiate its QD orders, Merck sees nanoco's financial weakness and is determined to capitalise on it. Nanoco has very little room to negotiate or even keep that revenue rolling in. The world is going into or is in a depression. Nanoco should go for a fire sale and accept a low offer, and I believe this would trigger a reasonable bidding war very quickly. I feel all the suitors are waiting for someone else to make a offer so they can then just slight!t top it, and in doing that a good bidding war or auction would ensue. Or partly mothball nanoco until the lawsuit is settled, the value in nanoco's IP is very substantial. The medical field IP alone could easily be worth many times nanoco's valuation right now, the QD runcorn facilities cost £20m
That's a fantastic achievement in itself, and still has a great value, the lawsuit is a very substantial amount of money in the bank, but only in my humble opinion. These kind of cases can take years and years but can pay out very substantial settlements as we've all seen lately with Samsung. So if nanoco can stay solvent ,then the rewards that will come in good time could Multiply its current valuation by 3 to 10 fold . I'm not a current holder of the stock , but I see it as a very possible strong buy on its lawsuit and IP estate, this pandemic would make anyone nervous about purchasing any shares at all. Though nanoco's IP estate would be desired by most of the industry's big and small players, someone is going to snap it up on , but WHO ? And when ? would I buy right now ? Yes, but as a very high risk investment in these trading conditions.
Most companies big and small will be putting their worldwide depression protocols into place, and spending on takeovers would be very limited .
I DON'T follow the boards discussions much, but it's hard to forget nanoco when there's money to be made from its very valuable IP estate and lawsuit,
Good luck to everyone, and stay safe
Investments can go up or down or go bust at any given time, buy with extreme caution.
No ddubya , I mean it is inconceivable that nanoco's case will be heard anytime soon, and if nanoco and Samsung can't sort this out "out of court" , then nanoco could be in for a very long wait on any settlement. There's any amount of perfectly legal stalling tactics, or could Samsung just wait until nanoco is against the ropes , as it practically looks now with merck wanting to renegotiate its QD orders, Merck sees nanoco's financial weakness and is determined to capitalise on it. Nanoco has very little room to negotiate or even keep that revenue rolling in. The world is going into or is in a depression. Nanoco should go for a fire sale and accept a low offer, and I believe this would trigger a reasonable bidding war very quickly. I feel all the suitors are waiting for someone else to make a offer so they can then just slight!t top it, and in doing that a good bidding war or auction would ensue. Or partly mothball nanoco until the lawsuit is settled, the value in nanoco's IP is very substantial. The medical field IP alone could easily be worth many times nanoco's valuation right now, the QD runcorn facilities cost £20m
That's a fantastic achievement in itself, and still has a great value, the lawsuit is a very substantial amount of money in the bank, but only in my humble opinion. These kind of cases can take years and years but can pay out very substantial settlements as we've all seen lately with Samsung. So if nanoco can stay solvent ,then the rewards that will come in good time could Multiply its current valuation by 3 to 10 fold . I'm not a current holder of the stock , but I see it as a very possible strong buy on its lawsuit and IP estate, this pandemic would make anyone nervous about purchasing any shares at all. Though nanoco's IP estate would be desired by most of the industry's big and small players, someone is going to snap it up on , but WHO ? And when ? would I buy right now ? Yes, but as a very high risk investment in these trading conditions.
Most companies big and small will be putting their worldwide depression protocols into place, and spending on takeovers would be very limited .
I DON'T follow the boards discussions much, but it's hard to forget nanoco when there's money to be made from its very valuable IP estate and lawsuit,
Good luck to everyone, and stay safe
Investments can go up or down or go bust at any given time, buy with extreme caution.
Hi ddubya,
Agree with your message but hate the PM being referred to in first name terms.
For me, this is a matey electioneering reference, as is Bojo and as far as I'm aware not used for previous PM's.
Of course, you may see him in those terms, but I have always found it's familiar use, obnoxious to say the least.
ATB
Good morning TB. No doubt borrowings need to be repaid, although it was taken at an all time interest rate low and I suspect Boris has quite a bit set aside some set aside for investment following the CV-19 Exit.
I take it you mean “ ...it would be inconceivable that a delay in most of the court proceedings would NOT apply ...”?
Also, are you still holding here or have you sold up?
Because of the pandemic it would be inconceivable that a delay in most of the court proceedings would apply here,
They have literally torn up the normal running of most pandemic countries, this is a rare monumental time in our lives, to apply any normal reasoning during this time period would be a serious misjudgment of events.
The financial implications for the worlds economies is still very unclear, it would be a reasonable assumption that this pandemic wouldy cause a long term serious depression around the world, the borrowed money the government's are spending to stabilise societies ,and to avoid wide spread panic and lawlessness in society , will leave every government financially very weak to kick start all the economies,
The rule book and normal legal proceedings will have been halted until this pandemic has been dealt with, nanoco's genuine and good case will have to be suspended for quite some time , the American pandemic will see to that ok. though there's nothing stopping nanoco's lawyers from working away on the case,
The ramifications from this pandemic could be much greater than most of us could even comprehend, if we can stop this pandemic in its first wave , then the damage is more fixable, a 2nd or 3rd wave could render the worlds Economies in very serious trouble, as the long term fix for that is decade's of serious debt and serious economic damage and austerity.
I hope my dire prediction is 100% wrong, though I feel nanoco has a great case, and should win, though it's more than possible nanoco will succumb to a quickly reduced opportunistic offer. In the face of a possible very long recession that offer would be best snapped up by any smart investor.
Good luck to everyone here , and stay safe.
I'm assuming it's mandatory unless special conditions have been applied as a result of the epidemic.
As far as I'm aware Nanoco can request sanctions against Samsung due to their failure to respond and/or ask the Court to consider a ' motion for default judgement '.
No doubt Nanocos legal team will or should know the best way to proceed.
We're basing out assumptions that the 45 day rule applies. Does anyone here know if that is mandatory or if special conditions apply?
If it is mandatory, then all eyes on Monday bearing in mind April 2nd has been and gone.
I also assume the interims have been delayed so the board can factor in what the response from Samsung will be.
Nanoco's case needs to be watertight. Attached is an example of a lawsuit which was dismissed by the judge. It is an interesting read because it includes some of the criteria that need to be adhered to in order that the lawsuit results in a successful outcome for the company bringing about the legal action.
https://seekingalpha.com/article/4335584-amarin-possible-procedural-error-in-district-court-judgment?utm_medium=email&utm_source=seeking_alpha&mail_subject=must-read-the-worst-is-yet-to-come&utm_campaign=nl-must-read&utm_content=link-3