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It seems to me that the really angry people here are those day traders who bought at 70p yesterday. I don't blame them. They must be furious. They should probably all sell up and go and buy a lottery ticket instead.
cefn - it's clear to me that you're into disaster baiting.
Yes - You don't announce a settlement unless the terms are agreed - correct. It could still go to trial - correct. The terms are agreed in a pre agreement terms document which is not legally binding - but certainly a lot of reputations and careers will be ruined if it's breached without very good reason.
Yes I did buy more - at 40p (ish) which I think is still a very good price for this company - especially when most of the risk is removed. They are now fully funded with a very bright future. Let's wait and see. Don't let fear grind you down.
FlyingHigher - sounds like you shouldn't really be in this business. Take up bowles instead maybe. Two things - 1. Read properly and interpret rationally - like a lawyer would (which I am by the way) Don't let the amygdala takes control - you become irrational.
I don't see the issue. We have certainty. Nanoco are going to get a big pay out. The SP will go up from here - 30%, 50%, 70%, 100% whatever. So there is money to be made without hardly a shred of risk. If you're sad because you might not get a 10 bagger in 3 years from now - following appeals and delays - then you might still when the money is invested and growth occurs. Nanoco was always more than just the court case - they made that clear. This is positive. It's money in the bank now. Risk is removed. For me at least I've doubled my holding because the risk is gone and the price is still low. It's no longer a gamble.
Sammy - re your statement:
Flying higher, are you losing your mind? When Edison say the following:
"IF THE COMPANY RETAINS ANY of the final settlement money, this will likely be to de-risk the cash runway (currently until CY25) and allay going-concern fears"
...what they're saying is if they decide not to distribute it to shareholders or do a buyback. It's not about Nanoco not getting anything.
I agree entirely. Why would any company state that they might not have any money left in a kind of teenage annoyed sort of way - right after winning a settlement? it makes no sense. They're clearly talking about after investment and dividend awards. Worded terribly but that must be their meaning.
We don't know anything of the sort. You people are mad - like lemmings jumping off a cliff because somebody shouted fire. Wait and see. Pay your money and watch. If you don't know for sure don't speculate and make wild presumptions because you will start to believe your own fears. Watching this board since the RNS yesterday is like watching a suicide cult in action.
You've all gone from 100% optimistic to 100% pessimistic in the course of a few loosely written words. The settlement is happening. Samsung's case has failed - they lost - they will be forking out a load of money. How much we don't know yet but it is likely to be transformational. Where's the room for pessimism? I'd rather this happened than it being strung out over the next 3 years. That really would cause investors fatigue. I'm still optimistic that the value of this is much higher than where we're at. I bought more today and eagerly await more news.
Friday's RNS was a response to the excitement of the settlement. It was a cheer of success. There must have been some reason for them to be excited or alternativel maybe it was sheer relief. But todays RNS was meant to temper that but it's just caused more confusion. I suspect the settlement is good - somewhere between the wild ideas at either end of optimism and pessimism. Nanoco is relieved that it's over and they no longer hold all that risk and debt and can move forward with money in the bank. Samsung is still king kong. Everyone's happy but those LTHs aren't going to become overnight millionaires - because it just doesn't work like that.