RE: WTF has happen here in the last 8 months19 Apr 2023 16:38
Mike and Brian had previously indicated a very good outcome from the trial.
Mike left and Brian negotiated an absolutely awful deal with the company, taking next to no damages and selling key IP.
The company is now left with very murky prospects in sensing, the likes of which we've seen fail before, Β£77.5m in the bank, a factory worth about Β£10m and the sensing IP of some unknown value.
The market isn't very excited by this, so has heavily discounted Nanoco. It is ridiculous to be valued at this level, but the chart also looks dreadful.
Best of luck whatever you decide to do.
As for Loam bailing, it would be odd, but who else has the shares to sell in such volume. That could be a buy I guess, but certainly doesn't look like it!