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Wicky - you and I have a very different interpretation of foolishness. Or perhaps those supporting the board fit the definition of mad: trying the same thing again, expecting different results.
Get them out!
Kooba its a shame you opt for so-called professionals yet again when many have been complicit in the long-term misleading coverage surrounding Nanoco.
This board mislead the shareholders.
Get them out!
Well deserved by our Nige.
If the objective is to ensure the company never achieves anything and stays around to shaft shareholders for as long as possible, I'd say he's doing a fine job.
Don't buy, wait for the fundraise.
You might miss out on something unexpected but you'll probably avoid getting shafted.
Buy on the raise and go in big I'd say. Not advice of course, just what I'd do if I had cash.
For now, it will go lower.
Would you consider the large Shareholder taking action against the board to be a conspiracy theorist too?
I understand that but there is no display commercialization. It's done with Nanoco retaining £72m for all the money Samsung made. That is absolutely shocking!
The same could happen with sensing.
There's no basis for confidence, hence the ridiculous valuation on the company.
It's an audacity for the board to still be here. They raised money on false optimism, touting returns of multiples, then said the settlement way below the market cap was above their expectations. A large shareholder has kicked off about it and they turn round and say it's in shareholder interest to keep them.
Get them out! No word they say can ever be trusted.
Commercialization I hear people talk about? That happened in 2016 didn't it with a sample TV set that went nowhere.
Absolutely shocking!
Well done to those who sat this out! I'm not in shares anymore. I needed to move on with my life, but this is good to see.
Look again at 20p. I stupidly didn't buy in at 20p before due to funding concerns. It's daft that they haven't raised off the back of the recent recovery. Now we could be looking at a raise at 20p. What a missed opportunity!
sp**** hahaha!
Overall, loss before tax for the period is expected to be similar to last year at around £2.3 to 2.4 million.
Cash resources have been prudently managed, and the balance sheet is expected to show a cash balance at the period end of £1,484,000 (2022: £2,963,000) with the cash burn reduced by the receipt of R&D Tax Credit payments which are accounted for on a cash basis.
It all seems very underhanded. The shareprice has been mysteriously drifting and that appeared to present an opportunity for traders like me, but now we see it was drifting for good reason. It's not right that we've been left in the dark like this.
This will tumble and tumble back down to 60p where it was all those years ago. It will probably go bust. All the groundbreaking innovation is unprofitable and now has vast competition. Ocado will quite conceivably go bust in 5 years or so. They're lost half a billion each year with no hope of profit. Good luck with the next raise.
Be very careful here.
Wait for the publicity to ramp up from the likes of IC. It's time to get in quick before this takes off.
Big buys going through at 23p earlier. I'm in.
Pokerchips - Putin is not going to cut the cables. That's absolute nonsensical tabloid conspiracy.
That's a gross analogy
Well said Baoxiou, I suggest we rally behind the shareholder letters to make our feelings known.
NGR - There really aren't so many ways of interpreting the disappointing meager settlement.
Your argument is that the $5m settlement is within the guidance estimate of $200-$250m from Edison and up to $300m from IC.
You have to exclude the IP sale in this because that has wider business implications and is not part of the damages component of the trial.