Member Info for ddubya

Probably because the TP legal funding agreement eliminates financial risks associated with funding a case against Samsung. A number of weeks ago, ME stated NANO was in the final stages of negotiating such an agreement and that the majority of any proceeds would fall to NANO. If we take that at face value, NANO is in a good place.

I was more than a little surprised to hear the agreement has not been finalised Nige. One possible explanation is that prior to signing up with the TP funder, NANO is having a final try to persuade Samsung to settle. After signing, control of proceedings will be handed to those who stick out for the optimum payout, no matter how long it takes.

I also don’t think NANO had any option but to agree to the extension, given COVID 19 and the Court’s apparent willingness to agree. It provides three more months to reach an agreement and avoid clogging the Courts, which was probably a big factor.

I remain to be convinced Samsung has a sincere desire to negotiate or settle and my guess is that it is time wasting. If their defence is poor, they will have been provided full opportunity to settle and the Court will take that fact into consideration too, so delay may ultimately benefit NANO?

There is a lot of truth in the parallel between Apple and ST Nige and undoubtedly a wider range of product uses with ST, so a great partner.

When Apple paid £15 m to build a factory and many £m more for development, I suspect the market did not price the risk of cancellation, since the intention was to make and delivered nano-particles as soon as possible. At this point, NANO is supplying ST Micro with only small quantities of product and is helping prepare it for a specific use. I think that is what accounts for the gap in SP between then and now.

Without Samsung news, it may take confirmation of extended orders to get back to the 40p leveI but hopefully we shall have that news (or something else from Merck) before the end of this year.

If Samsung settles early we shall take off, particularly since we shall have the R&D funds needed to develop multiple new product and income streams. For me, this is the truly exciting part of this process and if NANO is allowed to develop more solutions the company could be valued at several times the value of any Samsung settlement in just a few years.

Yes, more positives now than for over a year but probably a couple of more at least before realising full value potential, even if Samsung settles early. The IR sensor market alone holds similar value.

Given that LOAM would probably bite Mike’s hand off to participate in a placing, I am pleased he has not gone down that route, at least not so far, and hopefully there will be no need to.

Could be PPE but you have to wonder why no one was sufficiently interested to buy when the Strategic review was underway.

NANO needs to make itself a going concern and a growing one at that. Ironically, there will likely be much more interest at bigger £numbers then.
The STMicro deal is a great first step toward profitability but we need more, and particularly something that generates near term income streams. Hopefully, Merck has some good news soon.

Interestingly, Edison’s latest report noted that Apple did not have a relationship with NANO at the moment but inferred that the relationship might be rekindled in future.

For short term benefit, it would be ideal if ST Micro could review its products to see if there are any quick wins, whereby existing sensors in certain products can be replaced by NANO’s without too much development. I am sure ME will have thought of that option already.

Wish it worked that way JBongo as we would have a guilty verdict by now.

Particularly given Samsung’s restructure, this legal pre positioning addresses the complaint to the correct legal entities, without any admission of guilt (by any party). Exclusion of two entities should mean they have satisfied both NANO and the Court that neither was involved in activity that implicates them in proceedings.

Nice to see the SP is up again today :) my losses are reducing.

I ask myself the same question Bonzoful and I have not heard a truly convincing exp!anation. Perhaps OEM firms are avoiding the costs of retooling when cadmium dots perform just as well and are also cheaper?

Mike said recently that they still hold high hopes for display, so perhaps uptake will increase. Confirmation of the ban under ROHS would help but the EU has gone very quiet on that subject.

Hi Nanonano. ST Micro does supply microchips to Samsung. Do you mean there is risk of leaning on ST Micro in return for more orders, or something else?

Before signing up with NANO, ST Micro would presumably weigh up the risks for existing commercial relationships such as Samsung and presumably determined the potential for nano-particles and CFQD in numerous products held greater value?

Agree Hawi - More power to NANO as Samsung will not want ST Micro supplying mobile phone OEM's with better mobile phone sensors than it can (allegedly) counterfeit .

I don't think t is a surprise that parties to the litigation have changed.

The Court will not want to waste resource hearing this case unless it needs to, and isprobably amenable to a delay in view of Covid 19. Its a generous extension but my view is that it is intended to facilitate settlement. That does not mean Samsung is not delaying of course. It has three months to deliver and furnishing the Court with a blank sheet of A4 would not be viewed favourably.

It seems to me that NANO has asked (and the Court agreed) for Samsung Advanced Institute of Technology and Samsung Electronics Co Ltd. Visual Display to be removed from the case. Also at Samsung's request, extension to respond has been granted to 31/08/20. the delay is a disappointment but not unexpected.

On the positive side, it looks like there is ongoing dialogue between Samsung and Mintz/NANO, so perhaps chance of settlement?

I am not familiar with the Court process or lingo Morbox and we would do best to have a legal view. The limited information suggests to me that an extension has been requested and possibly that NANO has agreed to it? It could mean any number of things, including ongoing discussions regarding a settlement, or delay tactics.

Thanks Hawi. The most notable point for me is on the TP funding finance. Edison, which should know confirms "Management has yet to finalise third-party funding for the patent infringement lawsuit against Samsung..." It looks like there is more to do, which surprise me a little but I suppose they are awaiting Samsung's response?

I see NNOCF is trading at 0.2490 on NASDAQ too.

Certainly hope the judge forms that view amerloque. You have to imagine the US legal system will be a little weary with the same old Samsung antics. It is difficult to see how they could form a partnership with NANO in 2010, stumble upon a different way to seed CFQD (which they did not see fit to patent) and in negotiation spanning several years, forgot to let NANO know that it did not require a licence as it had its own means - all in my personal opinion of course.

If the individual who bought 200 shares at $0.17 per share last night Over The Counter did so with inside information he is still underwater and called his/her trade a bit Pete Tong (join the club).

The potential in the Infra Red sensor market is huge and in part because NANO has continued to develop the product further since Apple’s cancellation, I expect great things of the SP over time, although most of to come a bit later (unless Samsung settles). I don’t think it will because it sees benefit in starving NANO of funds for R&D.

Well done to NANO to getting to this stage at least.

Hopefully that's tomorrow's RNS Screenlearner. ME did say they were the most active partner (of those not in Samsung's pocket).

The spread is incredibly volatile, one moment 3% and the next over 20% and vice versa. Don’t get burned.

Botbot. At £17,500 a penny, you might need to announce your early retirement in the near future! No idea what today trading will bring today but surely even NANO must increase by a few points on this news. Hopefully, it going to be a beautiful day that justifies many years of pain. I am very confident this will be the first step toward many commercial orders.