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Can I ask where people have contacted the company who have they used as the contact. In the past, I contacted Caroline Watson as Investor Relations person and she is still listed on the website but her details are not on any of the recent RNSs.
Thanks
Andrew
Thanks fuelforlove.
Re my previous post, I’m not sure whether the company is just being removed from the index or is delisting. What are others’ thoughts?
Thanks
Andrew
From looking at some of the 4D staff on LinkedIn, the company were still hiring people in Jan to March of this year when they really should have known their funding troubles. Really hard to fathom. I think they just thought they could drop the clinical data in March and suddenly investors would come flocking to fund them.
Andrew
Just seen the RNS. I guess Fox Marble will put out their own RNS tomorrow. Really disappointing, I don’t know whether that’s the end of the value in the equity. I thought they might have been negotiating with the Kosovan government and that that might have been the reason for their non-exec appointment of a high profile ex civil servant, was hoping that might have saved the day.
Andrew
You can ask questions during the course of the IMC presentation tomorrow so not too late.
Regards
Andrew
It’s important not to jump the gun but I feel there’s still a very real prospect of a settlement.
Given the ability to push trial dates back by just a short while, if Samsung wanted a settlement they would only have to have made serious noises just prior to the original trial date of 12 September, enough serious nosies for Nanoco to believe they were acting in good faith. So, if a settlement was likely to happen it wouldn’t necessarily have been ready for 12 September but maybe late September or early October.
Today, the RNS doesn’t actually say why the 3 October date has been pushed back. It could have been at both parties’ request.
So, we don’t know but I feel a settlement is still a real possibility.
Andrew
I wonder if Nanoco might just be waiting until late this week to notify of the trial date because maybe until then there’s a risk it could be pulled again if more than one case is scheduled. I think that might be the most likely reason.
Andrew
I think you’re right- a settlement could happen right up to the last moment. I always thought if Samsung were guilty then there was compelling logic to settle. Also the longer this drags out, should Samsung ultimately lose then they’re on the hook for damages rather than royalties.
It is interesting that Nanoco haven’t put out an RNS announcing the new trial date. Previously they were keeping us very up to date.
It was also interesting that Lombard Odier stopped trimming their position when they did. They may have sold what they intended to. But if they had been made aware that serious settlement discussions had started then they would also perhaps have been disallowed from trading further.
Andrew
I thought that if they settle the amount paid to the funder may not be disclosed although the amount paid to Nanoco would be. This would mean the figures reported in the press would look slightly better for Samsung ie a little less reputational damage.
I suspect we are going to court though. I think this could be why Lombard Odier pulled their guy off the board so that they’re free to sell/trim their holding if they’re concerned over how the trial is going. There may well be a blanket ban on directors trading during this period as the board would be strategising etc.
Andrew
Tim Adams has set up one Telegram group and has posted the link in his Twitter feed (tima441). You would need to download Telegram from your App Store.
Regards
Andrew
I’m not sure why LG would sell panels to Samsung though as presumably it reduces LG’s potential market share. And if Samsung plan to put quantum dots in them, LG have been working on that themselves anyway.
What do others think?
Thanks
Andrew
I found this article from Techradar 9 April.
Regards
Andrew
Samsung will reportedly buy half of LG’s OLED TV panels next year
By Nick Pino 3 days ago
Is Samsung making an OLED TV of its own?
A new report out of Korea claims that Samsung will purchase one million OLED panels from LG Display in 2021 and four million in 2022. Considering that LG Display only produces some eight million panels in a year, that number is pretty substantial.
The original report is from MTN and has been cited by several other Korean and American news organizations. If it’s true, this will be the first time Samsung will purchase OLED displays from LG, and could mark Samsung’s return to the OLED TV market since it departed almost a decade ago.
While another Samsung OLED TV would certainly make some waves in the 4K TV world, Samsung has two other technologies in the works – Micro LED and QD-OLED – that have shown promise in the past. Potentially Samsung needs all those OLED panels to improve its QD-OLED technology after the first batch of units purportedly didn’t hit the brightness levels Samsung was expecting them to.
Since the report came out, TechRadar has reached out to Samsung for comment however we haven’t heard anything either confirming nor denying the report yet.
Another Samsung OLED or Samsung QD-OLED?
For the last few years Samsung has been pretty boastful about its QLED and new Micro LED technologies so why it's all of a sudden jumping on OLED is a bit of mystery.
One potential reason, according to the Korean report, is that the price of LCD TVs have risen recently while OLED prices have fallen. It's hard to believe that OLED prices have reached as low as LED-LCD prices – or even anywhere close – considering how much more expensive OLED TVs have been compared to LED-LCD sets, but there could be a seismic shift happening behind the scenes we're not aware of.
There's also the question of Samsung's QD-OLED, the promising technology that will combine the brightness and color vibrancy of QLED TVs with the incredible black levels of OLED. How those factor into Samsung's decision isn't quite clear.
Should Samsung use LG's OLEDs in its QD-OLED displays, we could see a cross partnership between two rivals that would be utterly groundbreaking. Until one or both companies announce it, however, we're not going to ditch our OLED or QLED TVs just yet.
RIP Nige. I always found Nige’s comments really helpful and he came across as a fine person. Really sorry to hear the news and I will miss his contributions. Andrew
Hi all, below is a link to a Nanosys report on QDs at CES. QDs really do look like a burgeoning industry and hopefully Nanoco can play a part.
Regards
Andrew
https://www.nanosysinc.com/news/2021/1/15/quantum-dot-displays-at-ces-2021?
Thanks all. Even if LG aren’t using Nanoco, their use of quantum dots is I think good for the QD industry and hopefully in time the industry will need a second supplier.
I have sometimes wondered if there is a fundamental problem with Nanoco’s display technology given they didn’t as far as we know pick up any of the Chinese business they seemed confident of winning a while back. On balance I don’t think that is the case because they continue to work with partners and potential customers but it has worried me. What do others think?
Andrew
I think LG are revealing their new sets containing QDs on Monday at CES so we may get to know then who the provider will be. I’m hoping it may be Nanoco- I think they’ve been working with LG for about four years and Michael Edelman said in his last results webinar (April 2020) that they were negotiating commercial supply deals in film which I think is what the LG sets will use. It sounded like they were also working with LG on next generation colour filters probably alongside Merck so that may be an indication that there is a good working relationship there between Nanoco and LG. It could equally be Nanosys though.
After a painful period it would be good to see positive news for Nanoco.
Regards
Andrew