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With Nanoco we have a CEO who lacks both a scientific background, doesn't have relevant qd industry experience, nor is a well respected industry leading figure...This must to an extent put off would be customers....
We also have the Samsung debacle, a poor financial return, way below what the company had been alluding to through it own broadcasts and through using third parties such as Edison, and reflected at the time through leading financial papers.
We then have the integrity issue, firstly all the misleading guidance leading up to the settlement and the shenigans behind closed doors with the likes of both LOAM and RG who dumped their shares while retail investors were being fed inaccurate and untrue information....
We then have the financial outcome way below industry experts analysis...add to that the unwarranted sale of 118 patents without I might add share holder prior approval...
What's infuriating for many is not having a vote on the Samsung deal and knowing what exactly was being given away...
We are now just treading water, the share price is drifting back down to the 12p cash price, and the market has lost all faith in the Board, while Nanoco is not seen anymore as a potentially high tech global leading business but more of a drab, dull, poorly managed firm, drifting along, with a Board completely out of touch and ignorant to the concerns of its multitude of retail investors who the CEO liberally and arrogantly refers in a derogatory manner as 'speculative gamblers'.
Think this sums up BT's performance 5 years into the job....In my view he should have stepped down shortly after the shambolic Samsung settlement deal was signed....IMHO!
Samsung probably knew from their first encounter that they were dealing with a little weak man full of bluster and with no integrity and were fully prepared to floor him at the time of their choosing.
Nanoco had a CEO with a scientific background, but he didn’t get those contracts over the line, and he didn’t manage the finances well either- blew through million in just a few years, and the company was almost bankrupted when he departed.
I do think the lack of information regarding the commercial materials sales is a problem. If we look at a company like Metalenz they talk about who they’re working with and the items they’re working on, and that’s prior to them coming on the market. Why are they able to talk about these things, yet Nanoco are telling us they must keep quiet?
@Nanonano
Are you one of those desperate guys as described by Xenon ?
No idea, but not something I have any concern about.
Nanoco have told us we are working with STm and the materials are for sensing applications. At the moment STm product list doesn’t make it clear which sensor is using QD film so how are Nanoco supposed to be able to? This criticism is the of the same as Quantum Science are great at PR but when we try it gets torn apart. Last week it was the staff. This morning it was about the largest QD factory versus Nanoco saying previously they were the leading manufacturer - all different but all scrutinised negatively when Nanoco try to promote anything. I guess there’s just no stopping it but if you are invested it’s hardly a sensible strategy undermining the company at every opportunity. TG2D and Troublesome and Kooba must be in cahoots 🤣🤣. It’s the only logical explanation 🖖
Only one desperate is the one who said the shares would not adjust after the tender…the ones who called it right are probably comfortable with events and have been able to take a material benefit from the capital distribution and have either moved the cash elsewhere waited and bought back close to levels predicted and/or waiting for further opportunity on further weakness. For many it really has gone according to plan. Very relaxed in the paddock.
The posts on Shoei and the still silence on commercial traction are all valid. It would be lovely to be discussing potential growth in the markets ( unknown) that the stm sensor (unknown) and the commercial order size ( unknown) are aimed at but alas. Very good point on Metalenz…if only Nanoco was able to market their wares to the rest of the world with some more information on current use.
I see Shoei already has FAB installed in their facility maybe bit of catch up going on there?
NGR
The comments made on Quantum Science were they did very good thought pieces on the sector they operate in ..very informative ones such as https://quantumscis.com/2023/11/28/scalable-swir-sensing-key-to-sustained-growth-in-machine-vision-sector-says-quantum-science/
They are a small company and not the leader in the sector and commercial production ,,that is Nanoco of course. There is a difference between such articles industry press and on your website and silly puff pieces on SKY and the Daily Mail which said nothing new at all and had zero impact on the share price it seems. I would like more information on how Nanoco fits in the sector and grows its revenues with some facts and producing thought pieces could be a good way of showing where the company is and where its going. Relying on Yole and that STM didn’t develop the technology to sell small amounts is really not good enough. Nobody should be surprised at the lack of interest here or the pathetic valuation..Blair some posts on bb’S really…Blair the folks who run the business at the position they have got in where they talk in riddles and have nothing to support their often missed forecasts and guidance.
The fact that this company has never delivered anything that has deliver shareholder value after many attempts over many years means it is not clever having blind faith in them delivering and that questioning researching and trying to stand things up is a natural reaction by shareholders. Blaming posters not the executives is an odd reaction by the way. Think a boy it !
NGR
“TG2D and Troublesome and Kooba must be in cahoots 🤣🤣. It’s the only logical explanation 🖖”
For someone who spends most of their time complaining about other posters and suggestions they are linked..and getting very upset 😢 . You seem to want to bring it on yourself when you play the same games. I haven’t and in fact posted that i did not think you were the other one..but it seems you want to play those games with me?…open season??
I was joking…..
So were they…you just don’t get the joke. The joke is you get upset and encourage it. Now you do the same and drag me in..practise what you preach stick to the stock hey.
Regardless of the reasons for the lack of detail around the commercial business, it still doesn't do anything for the markets view of the company prospects.
The Samsung settlement is a fixed amount- there'll be no more cash coming from them regarding display, and so far they look to be the only player of any significance in the cadmium-free space.
Meanwhile all the other OEM's, who Michael Edelman once stated 'All want our dots' a few years back seem content to use cadmium based technology, and it looks like Shoei have the scale to supply, with a 12 ton brewing keg.
Remember he doesn't care about anyones opinions or hurt feelings.
Of course just another trait exhibited as part of the complete set i.e. no empathy whatsever.
Regards jokes and humour - completely barren and arid - and I was almost getting the impression he was going through a period of remission - the expected nice weather and round of golf with his cabal must have spoiled his day !
BTW - i'm only joking - Lol
Ad hominem discussion amongst board members will achieve nothing beyond distraction, and I regularly see this on both sides.
@Nanonano
Tend to agree but surely any criticism of the CEO and his decision-making or lack of it should not be cause for one board member to attack another personally. Regards 'sides' it appears some have almost complete faith and trust in his ability whereas others have very little, if any, and think he should be replaced. Most other personal comments towards individual members arise from these disagreements and in essence he has become a divisive character.
I’m in the 98.3% who voted for BT in the AGM and think he’s doing a good job, even if I don’t think he’s the Messiah…
The most vocal on this BB are in the 1.7% who voted against him or who apparently felt really, really strongly but not quite strongly enough to cast their vote..
The majority of investors don't bother to vote going by the number of votes received. I suspect a lot of PI's only hold a few hundred shares as part of a portfolio in numerous companies. It's only investors with a fair amount of skin in the game that are likely to closely track progress of the company.
It will be interesting to see how many votes are submitted at the next AGM, bearing in mind LOAM and other II's have now significantly lowered their stake in the company.
BT doing a good job?
BT has overseen a settlement from Samsung that was under the lowest expectations, delivered only one modest commercial order but set aside 10% of share capital for LTIP and other staff incentives - so Board members are busy building their share.
He has also switch the business from CFQD to something the IR sensor market and 2D materials we understand, not that we hear much about it.
I am sure that LOAM consider he is doing a great job too but for the PI we still have only promise of success and what else?
Had we gone to court and won, the appeal would have been heard by now and Nano might have been flying. There is risk in going to court of course but there is nothing visible to suggests BT did the right thing, despite assurances. Neither has he improved communication with shareholders (at least not with the majority of us) as he said he would, so it feels like a stretch to say he has done a good job on the basis of the evidence. That suggests he has underperformed, certainly when you consider it by the yardstick of return to shareholders. The evidence might suggest otherwise.
I really hope he has something up his sleeve to justify the lost opportunity cost here and ultimately make shareholders smile.😃
BTW - It does not mean 98.3% think BT is doing a good job !
@ddubya
Its wishful thinking to hope that BT has something up his sleeve or can pull more rabbits out of the hat for his disciples to follow. Guess the Life of Brian may continue for some time yet - Now if he was the Messiah ! ..........................
Yes LOAM undoubtedly voted their holding in favour of BT at the AGM ..pending court date and all that and I’m sure they were consulted on the capital return and got their way. They then sold as many as they could and exited the maximum possible for them at 24p. Votes at AGM are interesting but voting with your feet is far more definitive in what you think of a management i reckon.
I was one of the minority who voted against the existing board, and would do so again today. I thought the settlement behaviour was disgraceful, either incompetent or intentional, and have said so on here. But looking forward I have hoped for some serious progress, and so far see no sign, and no improvement in communication. My impression is of a company operating on the better mouse trap theory expecting the world to beat a path to its door rather than a proactive business on its toes; where is the dynamic sales lead?
Anyway I only retain about 10% of my original holding, [the rest has gone into happier hunting grounds thankfully] and the 10% is just me being stubborn and curious.
I'm afraid I do not check back here as often as I used to, because the debate seems to be eating everybody up, going round and round in circles, no good to anyone. I wish everybody well, I think we deserve much much better.
Well I don’t recall the company ever being valued this low even in the darkest times of 2019/2020. With the shares in issue and, cash plus value of assets, the rest of the company is being valued at a few million at best.
So whatever your opinion of the management team, it’s not a grand boast is it?
Well put Nanonano, but at least it’s been transformative, just the wrong way!