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Give it a rest.it’s obvious to anyone what “we” meant
@NGR
'We' - Collective
I don't recall you being chosen as a spokesperson for all the members of this BB either !
On another point - Your 'gaslighting' techniques are just another classic trait which you are unable to hide.
TG i think we’ve covered the whole’Nige’ thing. You’re just making it all the more difficult to discuss anything here with these pathetic insults and insinuations.
“We” as in the collective on here. If you really want to continue in this vein feel free, but it’s not helping anyone else.
Kooba
Think 'we' ahem are both aligned that there is chasm the size of the Grand Canyon between the Boards guidance as to Nanoco reaching cash breakeven next year and the forecasts that the Board supplied to Cavendish to disseminate to the market showing revenues flat till mid 2025...
Hence with the monthly cash burn trebling to between £300k to £400k meaning an extra £7m to £10m in revenues is needed next year in order to meet that 'guidance' is now looking highly unlikely..I notice BT provided no caveat that this 'guidance' was dependant on getting sizeable orders from ST Micro!
Hence how on earth do you square the circle?
When someone uses the word 'we' it often reflects either a weakness in their arguments trying to give the impression that others are in agreement or its the tell tale first signs of a paranoid schizophrenic with an over dependence on using fictious sock puppets as companions.
XenOn
You really need to stop whinging and back up your posts with actual facts..which maybe hard because there is very little on the ground to work with right now as opposed to the Boards track record in particular BT's who in 4 years has signed more or less zero commercial deals of any merit yet rewards himself handsomely for under delivering and misleading guidance to investors.
Personally he's not the right chap for CEO we really need someone with a deep understanding of the industry, broad commercial contract experience, who is also well recognised as an industry expert...unfortunately BT is really not up to scratch, crunching numbers is one thing, building a succesful global high tech commercial business requires a much broader mindset and far deeper experience ..I don't see him as being really convincing when in discussions with prospective customers.
NGR1616
Nige just out of interest what will you be doing with the £1m you made through tendering your shares..buy a new yaught by any chance?
I still don't get why a handful of people on this BB spend so much of their time and effort posting negative comments, or replying in agreement to other negative comments, about the company, about the management team and about how the lessons from the past tell us we should steer clear of investing here as they expect the SP to tank soon. Wouldn't you find somewhere else to invest your money and time?
I can only conclude that they actually do believe in the company prospects!
Those people are trying to set the narrative by coming up with "logical reasons" the company mcap should be lower, which they then use to then tell us what the SP "should" be. But we all know that it's the SP that determines the mcap, and the SP is dictated by supply and demand - so ultimately it's quite largely based on sentiment or optimism. The mcap was getting on for £150m above cash when we were working with the US customer when we were only in the initial stage of product development. Why? Because investors could see the potential...
My optimism has been increasing the more I've been digging into the prospects, and I couldn't see some of the stuff I found had been shared on this BB - or certainly it hadn't been shouted about as much as I would have expected.
@NGR
That's interesting - On whose behalf are you speaking when you use the word ' WE ' ?
Don't suppose you're a spokesperson for or a member of the Royal Family by any chance !
We do have an idea. It’s just ignored and mistrusted by some of the more vocal posters here. I’m not going to listen to the presentation and Q&A again because I don’t need to so I’m not going to quote the pertinent comments. DYOR.
Good spot !
On the end bit…However, FactSet analyst consensus is forecasting revenue to reach $10.7mn by 2025 as the operational investment starts to take effect.
That £10.7m Cavendish forecast to July 2025 is £6m allocation for samsung settlement and the ongoing £2.5m from the r&d work. With that £8.5m same as expected in the current year the company are still expecting £3.6 -£4.8m cash burn. In 2025m with the additional £2.2m of revenue for the year forecast they are still expected to burn of £3.5m to year end July 2025.
How do they get cashflow break even in CY2025….Like Cavendish …i have no idea.
How can you forecast revenues when you don't even know what products your dots will go into?
It's just making stuff up out off thin air you might as well say $20m or $50m revenues or whatever figure grabs the headlines.
PP beat me to it! had it on the clip board!
UK quantum dot company Nanoco has returned cash to shareholders through a tender offer after it received the final tranche of payments from Samsung in relation to an out-of-court settlement over an IP dispute.
Quantum dots are nanoparticles used to improve LED display lighting. The Korean electronics company was alleged to have breached Nanoco’s IP by using the technology. Last year, the companies came to an agreement in which Samsung would pay Nanoco $150mn (£122mn) in two tranches. As part of the deal, Samsung would be allowed to licence the technology.
At the start of this year, Nanoco received the second payment worth $71.75mn and decided to return £30mn to shareholders through the tender offer, which was pitched at a 25 per cent premium to the share price at the time it was announced. Among those cashing out were Swiss private bank Lombard Odier, whose stake has almost halved to 8.5 per cent, and chief technology officer Nigel Pickett.
Pickett sold 4.5mn shares at the offer price of 24p, earning over £1mn. The share price has since slipped back to 20p.
Management said the rest of the funds would be “invested in operational capability, enhancing future growth prospects, and improving gross margins”. This investment will focus on building out a new wafer device development and testing facility which the company says will be able to shorten research cycles by up to a third.
Nanoco is still in the early stages of its development. In the six months to January, it made just $4mn in revenue, and only $1mn in underlying revenue when the licence payments from Samsung are taken out. However, FactSet analyst consensus is forecasting revenue to reach $10.7mn by 2025 as the operational investment starts to take effect.