Member Info for Alan00

Just to chime in with regard to shareholder Tariq going activist, details at: https://www.transformingnanoco.com/

I reached out to Tariq through LinkedIn some time back, before the settlement had been announced. He was happy to engage, and super helpful discussing the legal case and prospects.

The reality is the company trades now at / below cash, showing the market has lost any confidence in the board, or the prospects from the organic business. This is totally understandable given the awful settlement deal agreed to, particularly in the context of how Brian discussed the legal prospects pre settlement.

I don't currently hold the shares, but I think the board needs to change, and hope Tariq is successful in getting that outcome.

Suggest shareholders who have questions, or want to understand the intentions better reach out to Tariq directly on LinkedIn.

I have gotten to know Tariq through discussions about Nanoco, he is very well researched and clued up on the company. I think it's fair to say we are both very disappointed with how Nanoco folded and agreed to such a low settlement value. Thus it is interesting he has been increasing his position recently. Hopefully this will help move towards the board being held accountable for their actions, and ultimately preserving value / helping achieve a better outcome for shareholders than may otherwise occur.

So definitely seems positive for remaining holders, although I do not currently have a position and am unclear on the upside scenario from here.

Suffice to say, Tariq is friendly and happy to chat, so suggest investors that are interested reach out to him via LinkedIn.

may be of interest: https://www.upsidedownsidecapital.com/p/the-63m-question-at-watchstone-group

https://twitter.com/puppyeh1/status/1612405435675602945

May be of interest.

Thanks but that is the FY results, not the AGM.
I am referring to the AGM 20th Dec. 2022. At the Nov. 2021 AGM there was Q&A at the end, and I can access the transcript.

Does anyone know if the AGM has a transcript or recording available please?
I would be interested in the Q&A session that they have done in the past, but my normal source for transcripts doesn't have this event.
Thanks.

You can use the US PACER system to read the dockets, it logs all usage, and then only charged if go above a certain free threshold.

My understanding is it will not be 31st October, but the next possible slot is 5th December, so it could still be this year.

Is anyone able to share the full text of docket 275 please?
I'm not sure why but I can't access it through PACER.
Thanks.

Update on investment idea Surface Transforms Plc fundraising announced yesterday - highlights strong revenue expectations & nicely developing return on capex, but price not ideal. See full update in post:
https://www.upsidedownsidecapital.com/p/surface-transforms-plc-fundraising

I contacted the court regarding trial date & priority, and the next date it may go to trial is 31st October, however the priority for that date has not yet been set.

Worth just flagging that the weakening of GBP against USD is significant in the context of a USD damages award from the court.

Even since I posted below write-up the FX rate has changed such that, if we use the same logic but with current GBP / USD FX rate then the damages amounts would convert to GBP at c. 10% higher
https://www.upsidedownsidecapital.com/p/nanoco-group-plc-us-trial-against

I attended the Capital Markets Day last week, and have shared an up to date write-up here: https://www.upsidedownsidecapital.com/p/getbusy-plc-attractive-saas-business

I think at this point it's an attractive SaaS business at 1.5x ARR, with strong downside protection, & new products providing substantial potential upside as “free” options.

If interested please see AssetCo write-up here: https://www.upsidedownsidecapital.com/p/assetco-plc-downside-protected-significant

I think it's attractive at this point, with significant potential upside, and the downside quite well protected. The possible Parmenion transaction as reported by Sky (link in write-up) could really help to highlight the value.

Hi - if interested I have written up Surface Transforms here: https://www.upsidedownsidecapital.com/p/the-transformation-of-surface-transforms

I think this is a very interesting company, which after many years of developing and proving their brake discs is now moving to much higher production volumes and profitability this year. Having built up an order book of c. £190m, and prospective contracts mainly for "carry on" models of c. £400m more.

They are expecting to hit a revenue run-rate of £20m in H2 2022 (i.e. shortly) which is c. 8x 2021 FY revenue.

Hope the post is of interest

I understand the trial is a week including jury deliberation time, starting 12th Sept. - perhaps a basic question but is this 5 working days Mon - Fri, or 7 working days running through to Tues 20th Sept. ?
Also when do the jury announce their verdict, is this on the last day of the trial?

I appreciate the ruling from the judge with wilfulness multiplier and possible future royalty is later (1 to 6 months).
Thanks.

https://upsidedownsidecapital.substack.com/p/nanoco-group-plc-us-trial-against

Has anyone found a way to follow the upcoming Trial in real-time?
For PTAB I was able to join live audio & video, but it doesn’t seem this option is available.

Assume relates to the court denying Samsung's attempt to redefine the courts definition of a molecular cluster compound:
"ORDER
Before the Court is Defendants Samsung Electronics Co., Ltd. and Samsung Electronics
America, Inc.’s (together, “Samsung”) Corrected Motion for Reconsideration of the Court’s Claim Construction Memorandum Opinion and Order (Dkt. 84) (the “Motion”). (Dkt. No. 133). Having considered the Motion, the related briefing, and for the reasons stated herein, the Court finds that the Motion should be and hereby is DENIED."

I noticed this recent article:
https://pulsenews.co.kr/view.php?year=2022&no=486800

Does anyone have a link to the order lifting announcement please?