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ddubya: I believe your personal opinion regarding Samsung antics to be FACT. As you know, QD Vision's primary source of revenue was cadmium QDs. It had been unsuccessful in its attempts to develop electroluminescent quantum dots (which seem far off even today). QDV was then forced into bankruptcy and sale by a Nanosys cadmium QD patent infringement suit it could not afford to defend. I followed QDV closely at the time and never saw an inkling of a cadmium free QD claim.
As an aside, Nanoco trades only on the OTC in the US. I wish it would trade on Nasdaq. Your price is accurate. I exaggerated when I said it traded at $.25.
Your theory is probably close to the truth ddubya. If it can be proven in the Texan court, then there will be severe costs and penalties inflicted upon Samsung for what is none other than criminal misconduct - theft of someone else's property.
I await Samsung's response next Tuesday, with interest, but am not anticipating a quick settlement from a company whose previous actions suggest that they will do their utmost to wriggle out of the situation with less damage than is due to Nanoco in a fair settlement. The judge will no doubt be aware of Samsung's past record of unlawful infringement of other companies' IP, and Nanoco can only hope that he will hasten the process so that it won't take several years for a resolution.
I see NNOCF is trading at 0.2490 on NASDAQ too.
Certainly hope the judge forms that view amerloque. You have to imagine the US legal system will be a little weary with the same old Samsung antics. It is difficult to see how they could form a partnership with NANO in 2010, stumble upon a different way to seed CFQD (which they did not see fit to patent) and in negotiation spanning several years, forgot to let NANO know that it did not require a licence as it had its own means - all in my personal opinion of course.
ddubya: The latest OTC trade is $0.25.
Ddubya: It seems that starving Nanoco for funds is a continuation of a behavior that would justify increased damages.
If the individual who bought 200 shares at $0.17 per share last night Over The Counter did so with inside information he is still underwater and called his/her trade a bit Pete Tong (join the club).
The potential in the Infra Red sensor market is huge and in part because NANO has continued to develop the product further since Apple’s cancellation, I expect great things of the SP over time, although most of to come a bit later (unless Samsung settles). I don’t think it will because it sees benefit in starving NANO of funds for R&D.
Well done to NANO to getting to this stage at least.
Poor choice of words describing the deal as "material" in size, considering the typical size of Nanoco's materials!
I think that article has been posted here before Pete. The journalist appears to be reaching vaguely for a defence, but I think most people here agreed that QDVisions technology doesn't really amount to a credible susbstitute for Nanocos scalable production process which Samsung seem to have somehow emulated.
Add in a litigation funder for the case against Samsung and this share could really fly, if a litigation funder takes on this case I assure you they would have done there homework on this case and only take it if the experts in infringement Law says Samsung are in the wrong, the th red takes the financial risk and nanoco gets probably 67% of the settlement. Nanoco have already says these discussions are at a advanced stage, so it seems the funders and experts agree that Samsung has infringed
nanoco's patents. This could be a substantial Lawsuit win in a few years time. Excellent potential here.
GLA
Morbox not Morbid (damned autocorrect!)
Morbid - I came across this article which likely summarises what Samsung’s defence argument will look like. http://www.koreaherald.com/view.php?ud=20200218000663
TLWilliams, you would, as I’ve said before I’m no scientist, but looking at the case, Nano are basing their case on evidence 1) Samsung produce presentations for the scientific community and public showing in detail “their dots”. 2) Nano would have reversed engineered QLED TV’s and would have high confidence that they can win. It beggars belief that they just won’t compensate for infringement. Oh well only time will tell. Now we need more contacts and some meat on the bones about the one announced today.
dddubya. Thank you.
Today and this week so far, have been awesome.
Carnival PLC hugely up. Rev Bars hugely up and now Nano.
Those are my "gamble" stocks currently.
Rollercoaster today with Nano pricing.
Morbox.
I agree with your conservative prediction on next Tuesday's response from Samsung. Their track record when they have been accused of infringing other companies' intellectual property would suggest this.
However, Nanoco have other irons in the fire, and have the opportunity of building other income streams as the action against Samsung develops.
It seems very odd to me, as Samsung could potentially save themselves massive costs if they shook hands, and agreed a fair compensation with Nanoco. Regards.
No problem TLWilliams, I think it was also well timed. Just checked court case docket “last updated: 2 hours ago”, no change. 4 working days for Samsung to reply. I think they will leave it until the 2nd to submit, “we’ve looked to the case, we don’t agree, see you in court” response.
Hopefully that's tomorrow's RNS Screenlearner. ME did say they were the most active partner (of those not in Samsung's pocket).
Now where's my Merck agreement?
The spread is incredibly volatile, one moment 3% and the next over 20% and vice versa. Don’t get burned.
The market is a funny thing. We are probably as well placed or better than when the price was 40p or more. Marking a company down seems a lot easier than marking it up. A mere 15p this a.m. ? Why not 50p. That would seem fairer. Ho Hum guess I'll have to wait a bit longer.
Botbot. At £17,500 a penny, you might need to announce your early retirement in the near future! No idea what today trading will bring today but surely even NANO must increase by a few points on this news. Hopefully, it going to be a beautiful day that justifies many years of pain. I am very confident this will be the first step toward many commercial orders.
Great news. The price should shoot up today -it was oversold after the sales process ended imo. I was hoping to top up more after pay day, but hey ho!
Thank you for spotting that Morbox. This is the precise and positive information that I have been waiting for since I have been invested in Nanoco. Hopefully, this will propel the share price to a higher and sustainable level. This also puts a very different complexion on the patent infringement action against Samsung. They may well show greater respect towards Nanoco's arguments when they take note of this morning's news. Well done ME and Nanoco - onwards and upwards.
Dr Michael Edelman, Nanoco's CEO, commented:
"We are very pleased with this latest development in our collaboration with ST. Both companies have been working actively to generate value from our previous two years of investments in developing new materials, devices, and mass production capabilities for use in infra-red sensing. The Agreement now enables us find new routes to market in the short term, and potential new applications in the medium term.
"ST's deep knowledge of the sensing markets and multiple potential applications and customers makes them an ideal strategic customer for Nanoco. Nanoco's materials deliver a very significant performance enhancement to ST's silicon based infra-red sensors. A medium term roadmap to commercial production volumes, enabled by our newly developed materials, is taking shape. This will allow us to leverage the value from our recent investment in our new Runcorn electronics materials production facility."
It appears that ST Micro had previous?y been involved with Apple and now wants to market that IR sensor product to other customers now that exclusivity to Apple has fallen away?
This order is 'material' in size but to an extent appears to have been banked to extend the cash runway to Q2 22. So I expect we need to keep fingers crossed for extended orders too. A very Good step toward going concern status though.
Well, I gave everyone notice it was coming.......
Now all those poor people who are going to buy on the bounce up.
Will take a closer look now - great news and it is ST Micro. Looks like Deutche Bank did slip up. I forgive you.