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You'll be lucky.
For whatever reason, we are where we are and as investors we seem to be treated with contempt by not receiving any update or clear message on the way forward. Maybe our BOD are waiting for the results of the EU ROHS exemption applications before treating us to a more positive outlook - no more weasel words or empty rhetoric please !!
I am sure Apple has changed its mind and fully anticipated using NANO for its iPhone camera. However, NANO’s full focus has been on the new factory and the partnership, so locked in they were in belief the order was coming. Leaving intent to one side that is the effect .
And as you suggest, no pipeline product that we know of and no income for NANO, which is well and truly stuffed presently. In my opinion, we should not underestimate Apple ‘s cunning either.
Locked management in? Surely the reality is that the deal rescued Nanoco from years of an almost total dearth of income, to which they will return next calendar year (unless ME can pull another rabbit).
Nanoco's continuing failure to secure sustainable revenue existed long before the deal, we cannot retrospectively blame Apple for that. The suggestion that they entered into the deal with a two year plan to undermine and weaken Nanoco, to block them from other (imaginary) deals, and spent millions in order to reduce their market cap by a few millions doesn't seem credible or logical. It's much, much easier to believe that Apple just changed their mind for their own internal reasons, imo.
However, I do agree that Apple probably remain interested in Nanoco's IP, and wouldn't be at all surprised to see Nanoco staff leaving and re-emerging as Apple employees eventually. Perhaps an Apple office will suddenly pop up near Runcorn before too long?
To a predator, fear (ME's off-load) indicates weakness.
That’s one way to look at it bbd but their investment (loose change I agree) effectively locked NANO management in for 2 years and prevented them from expanding horizons elsewhere. It also made them almost entirely beholden to Apple, so just what any predator would wish for. NANO is now available at a significantly reduced market cap, again suiting the predator, penny pincher or not. Apple certainly has plenty of funds but they use them wisely and seek to reduce costs wherever possible, spending $m to secure long term cost reductions e.g Qualcomm.
Yes I am guessing but it would not surprise me at all if the Apple story is not over, despite believing that we should proceed on the basis it is.
Difficult to entertain the idea of Apple playing hardball - they paid for an entirely new factory then just wrote it off, as well as all the milestone payments: hardly compatible with the notion of a penny-pinching manipulative predator. Whether they find a future use for Nanoco materials now seems a matter of chance and fortune rather than necessity, but at least we are on their radar (not!). We can also hope that Nanoco's performance and heightened visibility attracts others, perhaps?
I'd like to think jplay and Dr. Pickett would understand my comment was a joke, but for those finding it challenging, here's the reference: https://www.youtube.com/watch?v=Y7tvauOJMHo
It might be wishful thinking on my part too jplay but I agree, Apple may not be leaving the scene entirely - NANO has so much in common with technology that is central to its future. Just possible it could be playing hardball and veiling a rather keen interest? Then again, you might expect it to have moved already, with both Sterling and the share price depressed.
Well I don't feel sorry for either Nigel or Mike.
My sympathies are with those who have invested their hard earned cash into this company and are still waiting for their hopes to be realised - that includes me.
GLA
Nigel is a doer, Mike a talker - no need for Mike if Nigel not there.
Have a look at Jap philosophy re this, Management is a service to enable/help the workers to do their jobs.
BoL
" I feel sorry for Nigel the most. " Mike has landed several huge deals over the years. Nigel just plays with materials in his lab, writes patents and hobnobs with Nobel prize winners. What has he ever done for us?
ME is on record as saying they were attracted by the skills and expertise that NANO possesses, which is good to know but unfortunately has not yet been converted to income stream - still hopeful.
Nothing at all. Don't overlook the fact that they came over to a small UK based company, when they had two other US based companies that claim to be able to make Cd-free QD's. So Nanoco must have something that elevates them above that competition.
What’s to stop apple using another companies QD’s? Are Nanocos special?
Just everyone’s point of view. I agree not likely for a ban. This is more to do with the rohs being soft. Two extension for companies to invest time and money into r&d and all they do when they get an extension is focus on selling more cadmium based qd’s. They contact nanoco and give them a program but only as a back up in case the rohs get a back bone and say enough is enough. I feel sorry for Nigel the most. Creates a great product and mike comes along. Mike does what he does and becomes a multimillionaire while the creator ends up will lots of shares and no millions and a failing about to go bust company. Also mr Tenner invests then sp sinks invests more and they sink. I have a sneaky feeling that Apple is not a dead donkey. This iPhone no but they know have a connection and qd’s are growing which Apple will have many uses for. Apple are hardcore when it comes to the environment so now way they would ever use cadmium.
Re B the B wed 21.36.
Brilliant resume of the situation with Nanoco, I am 81 and have been invested from the start I luckily took advantage of the recent "bounce " too average right down ,I now intend to transfer
all my shares to my 3 grand children, this I M O is a long term hold as far as income stream but with a high chance of capital increase some where down ,the line best wishes to all
BtB, why are you so confident an Apple deal will re-emerge? Over on the other board there’s talk of dilution and 5p if we’re lucky. These conclusions are funny when you think we have nothing to go on yet.
Well spotted Crags. I still have a hunch that we are also involved in the manufacture of the "Pink drink" which the government has agreed to fund.
I think it’s fair to say there are still many opportunities and potential for Nanocos technology. With that in mind this is a cheap. Some news with future insight welcomed NANO...
I saw this news the other day that encouraged me to top up.
https://www.gov.uk/government/case-studies/nanoco-developing-new-techniques-to-detect-and-treat-cancer