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Of course ddubya that is possible, but let's be patient for a few more minutes. Then let's cross (and debate no doubt at length ) that bridge (called"NO NEWS") if and when we come to it. Could be an interesting day!
Yes SL but most of us will be surprised there is no news yet. Could be NANO is not ready to issue and the rise is down to a leak or false alarm? Best we grab a cup of tea like T and see what opening brings :)
In theory it can, but the pre-market opens at 8:00 and usually they want to release it and let people have time to read it before that! Of course if the RNS is to co-ordinated be with another RNS listed on a different stock exchange, then timings become difficult to predict.
amerloque - I'm glad I've got a cup and not really bothered whether its half full or half empty. Timing may be important to keep it full but don't require it to runneth over !!! Will keep an eye out for a cup with a strong handle otherwise might be too hot to hold. Going to put the kettle on - GLA
Nw! What the f r u talking about!? Being polite. I assume you are a legal expert!!! Please enlighten. I'm an idiot and admire someone so intelligent to be able to spend time posting here!? I can feel a NPO very relevant here. You under appreciate a Norwich!? The investment here is huge!? All best and glo.
Hi ddubya I agree the contract is there, just needs to be signed. Don't know why they don't have a clause in it "If this goes to court then...", and as stated Nano will receive 51 to 99% damages - not around 50%. Also any Court settlement in S Korea might take 5 years to be paid, but not in East Texas. That would be contempt of court. No doubt we will find out tomorrow. BoL
I would expect a percentage of any profit sharing of any settlement to be around 33% , though this can go up to 40% ,it depends on the level of risk and monetary needs, a case like this the funding could easily be £30 £ 60+ million, though the funder could even advance some money to even help nanoco survive difficult financial times, though that would always come at a cost/ higher percentage of settlement win. That's why I say if the funder takes the case on the probability of a win is very high, but not a guarantee.
Amerloque thank you for that chartist insight.
Botbot with your 2 million shares you certainly are in big, if you can hold your nerve in these uncertain times and markets , then nanoco's eventual settlement should reward you very handsomely indeed, though that might even be many years away ,when you're dealing with big settlement figures the lawyers like to drag things out so they can increase there earnings.
I averaged down too, but I guess I held too many in the first place so my average is still a little way higher than here. I don't need anything like 125p to make a profit, but I don't want just to break even, I want a big profit to recompense me for all the false dawns. Anyway you must be a lot happier (and richer) man tonight. Your wife, if only she knew about your investment in Nanoco, would also be happier and she is in any case, possibly unkown to her, a lot richer tonight too. Ha Ha!
Ddubya: Good news, particularly regarding the lawsuit, would carry us much faster and further, but the pattern combined with recent news is probably enough to complete the cup and handle and beyond. Note that the completion of a cup typically occurs with low volume. That said, the cup is not quite as smooth as I would like to see. The first person to recognize the importance of such patterns became very rich simply by taking buying once the handle was formed.
Screen learner. The good news is that I averaged down so much that I’m now overall in profit.! The bad news is that with 2,000,000 shares I’m all in.! Of course if (sorry when!) they announce the £1 plus plus buyout or settlement I will be a very happy man.!
The rise, in addition to Nanoco's improved prospects, may be due to significantly positive trading patterns. Since March 3, Nanoco looks to be forming a cup and handle pattern. Over the past 14+ months, it has also formed a pennant pattern, finally breaking our of a long term down trend in the past few days. Moreover, the Nanoco share price has just broken above the 50 and 20 day averages and is showing positive moves regarding the MACD.
A cup and handle pattern gets its name from the obvious pattern it makes on the chart. The cup is a curved u-shape, while the handle slopes slightly downwards. If this is truly a cup and handle, it should rise to around 25 pense before creating a slight downward handle and then moving higher. In general, the right-hand side of a cup and handle diagram has low trading volume (Nanoco meets this criteria), and it can last from seven weeks up to around 65 weeks. The cup formation is in its 14th week. Such cup and handle formations tend to break strongly to the upside after forming the handle.
NANO intimated that was in final discussion with one firm several months ago Gtx1 and also that several other firms wanted the case. It has not announced completion of that agreement and some, including me, believe that is because there is no point in having an agreement until Court action becomes inevitable. Otherwise an early settlement means paying the funder around 50% of the settlement for doing virtually nothing. It probably has agreed terms of funding though, to take effect when the case commences.
Court granted a three month extension to receive Samsung's defence, which probably signals it would prefer a settlement by agreement, as it has a backlog of cases to hear and will not want this one heard, if it can be avoided.
I strongly suspect nanoco may have a lawsuit funder in place very soon, believe me if someone takes this case on, and with the huge legal bill that comes with it, then you can bet your bottom dollar that the lawsuit funder has taken the very best expert opinion on the outcome for the case, that normally means it's a very likely winner. [ I'm a non holder of this stock. ]