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LTH here...This appears to be very good news, no?
There must be a lot of confidence from Mintz in success in the litigation proceedings if they agree to take this on. It could cost them millions to lose. OK they may be on a sizeable win fee as an incentive but due diligence must have been done to go ahead and take on Samsung.
Does anyone know the legal costs in cases such as this? Imagine it costs $10m to see the case through and they win, and if they are on 5 x return for success they get paid $50m (I just make up the numbers as examples, could be anything)
What does this say about the potential income to Nanoco from winning the case? Current mkt cap around $54m. They must be looking for a very sizeable positive outcome?
Anyone in the know want to correct those numbers and come up with something feasible to work with?
You can think this way and one day you'll just wake up and see it 10-20% higher....And your opportunity will be gone.
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Wow really? I bet plenty of fools were saying the same thing about NMC as it dropped at £2, £1.50, £1.00, £0.80.... as well as many other companies that have fallen into an abyss.
I'd rather miss out on 10-20-30% at these levels and buy in knowing that the company is in the clear from corrupt boards or viruses, than to not even entertain the notion that there can't possibly be anything untoward happening and keep adding to my losses on a downward momentum trade. Most utterly foolish.
I do hope it recovers once the scares are over, and I will invest if it's proven to be a sound business, but anyone who's traded through markets like these before wouldn't be 'topping up' anytime soon.
"You can't buy as a director during the sale process..."
Ok thanks never thought of that.
Interestingly just checked HL and that shows several directors deals under the name "RICHARD GRIFFITHS AND CONTROLLED UNDERTAKINGS" throughout late Jan and early Feb. Maybe at a time when they knew they were going ahead with the lawsuit?
There seems to have been a lack of interest from directors in buying into the NANO shares whilst they have been subdued for the past 6 months or so. I'm asking based on the list of notified directors share dealings which has not grown since last June.
Is this telling? Is there a lack of confidence in the end-game for NANO?
I'd rather miss the bottom and be confident a company was truly in good health than gamble.
There's something very amiss with this company. Bottom-pickers generally get **** on their fingers.
Ha I have no 'wish' to see the price down. Why would I? I hold a punitive number of shares following the de-merger (soon to be relinquished) and was interested to look out for informative posts on the new company. I have my own views backed up by consideration of information available to me which right now looks like there is not much to cheer. There remains a poor loss-making company regardless of what they got in the deal with Bovis. I hope some news comes out to counter this argument for all those with a vested interest in the share price, but until it does no amount of wishful thinking and pretence is going to change the facts as they stand right now.
The only 'desperate' views are clear from several posts below. How do you type with your fingers crossed?
That sounds pretty deluded seeing as the share price is falling like a stone. Keep trying to convince yourself and everyone else that every sell is a buy and NAV is £150m+ isn't going to change the fact that the company is loss-making and most likely there's something going on that isn't pleasant. I do despair at some of the tripe people come out with.