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ExMS.
Your comments are much appreciated. I cannot fundamentally disagree with your viewpoint, until I have further information. This is concerned with product development, intellectual property valuation, contract wins and sales figures. Rome was not built in a day, and all this will eventually materialise.
Your measured pessimism is acceptable, at least for the time being, although I am optimistic that Mr. Duffin will, in time, set this company on course towards profitability.
Regards.
I'm just saying the initial order should've taken a week or so to complete...but the RNS only gives half the story! Again, this is typical of the old RMS & is continuing with NNN.
Good point Badsterman!
or there isn't the demand for the mask in India. Part of this 250K order was to gauge demand.
Oocanibe, I was not aware Volz had production problems.......
As we have no machine surely we should be outsourcing this concept to anyone who does and just get on with the job ! The BOD saying we can look to 2022 at producing a factory of sorts is just pie in the sky ! We need action now .
If needed I needed a job done , but couldn't do it myself I would hire or delicate it to a professional . Why can't the board do the same ?
Perhaps the Indian distributor isn't paying up for the first shipment of 45,000, therefore NNN are refusing to supply more.
I've no idea, Josepi. The Lemu machine was supposed to manufacture 5,000,000 masks a month but did not work as planned & manufactured 'significantly less'. Say, to make calculations easy, it only managed 3,000,000 a month...or 100,000 a day, today's RNS highlights significant production issues at Volz!
Can anyone explain why the board can't just phone up Voltz and ask them to run an order for 450,000 masks, then send them to India and then do a repeat Oder?
I know this has been put across as very simplistic ,but what I'm I missing here ?
Many thanks in advance for any reasonable answer.
@TLW
By definition a value investor buys shares in companies which are intrinsically undervalued. ie trading below book or break-up value. NNN trades at several times it’s actual value which is just the cash it has in the bank. The burn-rate will be huge given the daily cost of running the company and if the wishy-wasn’t outlook given by the ex rat-catcher is anything to go by then a future cash-raising will be inevitable.
poorinvestor and Groover,
Many thanks for your replies. We are part of a group of investors, who contribute to this board, who can see long term value in this company.
Sadly, there are so many others here mostly green rectangles on my screen), who have a different agenda. They are seeking very short term gains through short term selling and through trying to time the spikes that arise in the AIM market on a daily basis. Their viewpoints are not relevant to the way that I conduct my business. Consequently, their comments are of little value to me and I ignore them. Hopefully, they will reciprocate and ignore my comments for the same reasons.
Today’s RNS was focused on strategy. Should Mr. Duffin’s plans prove to be the correct way forward for the company, our investment should flourish before too long. I am optimistic about the future, and will continue to ignore the inevitable pessimism from individuals with a different agenda.
Regards, and with my best wishes to you both.
TL Williams
Totally get what you're saying. Been in OCGN since 29 cents and haven't sold a single share. Complete rollacoaster and frustration doesn't even come close as its heavily shorted (Pfizer now suspected by some really experienced investors to be using hedgefund to attack it to) but I see its true potential and that will be a lot higher than the tens of thousands I have seen my holding go up and down since December last year.
TLWilliams, as always completely agree.
United guy, if I sold my shares now, the moment I press the sell button, this will go straight to 5p lol. This has happened to me hundreds of times, I’m not very lucky.
I don’t believe this Will drop past 0.60, going to 0.58 for a few seconds doesn’t count. All the bad news has been given. Most bed wetters are gone, we are left with the vile traders, they should be gone soon. I look forward to a steady rise over the coming weeks.
ExMS.
Have you read the Warren Buffet playbook? He purchases major amounts of stock in companies that he considers to be undervalued, and that have the potential for future success. He subsequently holds the stock for the long term. Should his due diligence be correct, his investment will flourish.
Consequently, I disagree with your previous comment. I still hold the same number of NNN shares as I did yesterday. I do not use stop losses, as I invest for the mid- to long- term. In my mind, I am neither richer nor poorer than I was yesterday.
Yesterday, one of my major investments rose by £23.4K - a significant rise, and it continues to look promising for the time being. Around this time last year, the same stock fell by over £60K on one piece of news. I continued to hold through thick and thin, and am by now well in profit. Potentially this stock could generate several millions pounds of profit for me, although I am highly likely to sell before then, unless the company is bought for a huge amount by a larger entity.
My point in all this is that an investor holds stock because of its potential. He/she is neither richer nor poorer as the stock price fluctuates; only when the stock holding is eventually converted into cash.
Regards and good wishes.
Sorry Poor and Dr Micho I have not made a paper loss of any note or my remaining shares just missed the opportunity to profit on them as I did with most of my shares yesterday.
Poor if you love NNN so much sell today and buy back in a few weeks to get more shares for the same money. Oh I keep telling you that and you don't do it.
ExMS, what you’re saying is irrelevant and makes no sense. I have no intention of selling, only adding. The sp at 0.30 or 1p is irrelevant.
@Poor
You haven’t made a loss until you’ve sold? Yes you have, you have just not crystallised it. But lost money you most certain have. How do you think traders books and pensions are valued?
And until you realise simple things like this you will always be a poor investor.
Well your going to have a good opportunity, heading below 60 shortly. Lv2 suggests and charts would say 55 is bottom
Agreed DrMicho,
Some investors on this board could have written that RNS. It paraphrases what we have been asking for. It is almost as though Mr. Duffin has been reading some of our comments, and has used them as a template for his RNS.
Yes it is disappointing, but the situation is far from hopeless as some gloating individuals on this board are suggesting.
It is obvious that despite the potential of the nanotechnology, the company has been poorly managed this year. Mr. Legge was not a capable interim CEO. Apparently he did the bare minimum? - and it shows. This morning’s RNS explains why he jumped, or was pushed?
Mr. Duffin will need capable negotiators in the team to win contracts, and for the time being, the company should be viewed as a level or two, above a start up, nothing more. The gloating minions on this board fail to understand this fact. It takes time to generate growth in productivity and sales, even for masks incorporating innovative technology during a pandemic.
Sadly, the sales negotiators will be competing in what has been shown to be a sleazy market, where competitors are seeking the influence of individuals close to the government to win big contracts. The bottom line is that the variant Covid strains will be with us for a very long time. Should Mr. Duffin and his team’s strategies for sales and product development prove to be effective, the company will eventually grow and succeed.
Regards and good wishes.
DrM completely agree.
Mararab lol, leave united alone, he has made a huge paper loss today. United guy, I haven’t lost, till I press the sell button and that ain’t happening. If it drops I’ll buy more.
Lol mararab…
It would be a good time to see a director buy , Mr Duffin truly believes what he’s saying and has confidence then show us with putting your money where your mouth is.
DrMicho : United guy , moans like a prosi that has not got paid for a while but still accepts clients lol
Hi Sharkie, the reason i'm attracted to this share, it has huge potential, unfortunately it is run by buffoons. The problem they have been facing is, that their strategy was made by Cave and companies that were looking to exploit them, knowing they have no business experience.
With a new ceo, this will get turned around quickly, he is implementing a plan, by bringing in new resources and people. He will get this business in the direction it needs to go.
If you have some powder dry, I would hold, till you know where the bottom is, I'm suspecting 0.60's is the bottom.
I hardly think its appropraite Unitedguy giving out advice when you have called this monumentally wrong. You invested like we all did and have lost due to stop loses...own your loses and retain ones dignity....move on or just keep quiet and wish investors well...