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Speaketh the guy who couldn't get enough 28p shares just to get his hands on the great £30m giveaway. Pure genius

Says the guy whose enormous talent led him to an unfulfilled career in kitchen design. Your modesty betrays you.

OMG

I'll get my coat.....!

I've seen nothing to convince me that I have misjudged the business prospects of this company. The game now is for the Board to cling on by their fingernails for as long as possible and there is so much financial runway they might just do it. I'd have voted for the new broom, as the incumbent Board effectively wiped out investor trust by the way they handled the litigation. Long-term investors were the fall guys (once again).

What if Rezorce fails....? The company will save money and there is a good existing business behind it, but not so much to excite investors. There is one other company I like with a similar risk profile but which IMO has even better overall propsects - slightly longer timeframe - but bigger potential rewards

A pull back was to be expected.

It's a long way down to my 320p buy in price. Nice chance for some to buy in cheaper than a month ago. Story unchanged.

I've been buying Zotefoams and so I thought I must have got the wrong ticker! Now I see it is just a change of company name

Xenon I disagree with your statement.

"If the company thought it had no business prospects it would have just pursued Samsung for more cash."

In that scenario the risk of litigation failure would be loss of their jobs and livelihoods. It might just be a happy coincidence that the settlement on offer could also be taken to represent the best Interest of shareholders.

As for the core business, something might just turn up eventually, eh?

Yes I did. It went bust with my money, so ignore me!

Net sales of 12.7bn euros in 2023. Sold 179bn packages in 2023. i.e. approx 50% of market based on 350bn pa.

It is most certainly a very large and lucrative market.

https://www.tetrapak.com/en-gb/about-tetra-pak/who-we-are/facts-figures

https://www.statista.com/statistics/1379563/net-sales-of-tetra-pak/

50% of the market, and 50% stake in a JV company= $87.5m pa. That would IMO be a reasonable target for the carton market but then they expect to grow that the market as it is microwaveable too, leaving aside 'nil value' for pouches. Easily repeatable revenues too, so a PE multiplier of say, 20-30 on that sum?

Yes that's what I thought. So in essence that will help improve capacity and margins in the core business because the new vessell can be used across their business product line. ROCE heading back up to >15%

Arguably there is very little in the share price for Rezsorce business because if it all goes right then ZTF could be worth a multiple of today's price

Both the above companies have much better opportunities to succeed than Nanoco IMO. Take a look. Transense even make and sell high tech sensor technology!

Was it the US vessel..?

It mentioned AI so that must be a guaranteed multi-bagger! ;-)

And yes. the company did well after last fundraising news was out.

Saietta did that to me. They trashed the price and a short time later the company went bust. It has been a very expensive lesson!!! But a lesson all the same. I'll never again invest in a company again with a short cash runway until funding is secure. One can always be lucky and get in before the rise it is better to wait IMO. That's not how I used to speculate but it's better to preserve capital / avoid such risks.

Market normally hammers anything that isn't above expectation, but maybe the market is changing. It will be interesting to see but I'll not be surprised if it's muted / down.

I always felt that grabbing the Samsung cash in the way they did showed that the core business was inherently weak or even non-existent and so far, all this time later, I'm not seeing anything to disprove that notion. You can argue that the directors saved the company, but it is an interesting question for whose ultimate benefit it was saved when there was a much bigger prize on offer

Zigup?

What have I invested in......?