Member Info for FlyingHigher

Be careful Tony! Don't lose too much

I don't get why people predicting settlement of £35-£50m are invested. £35m values the rest of the loss making, £2.6m revenue business at £89m at the current share price.
That's an absurd valuation.
Clearly the share price will tank.

Well I'll leave it there on that repetitive theory for now then.
Maybe Nanoco will pull a rabbit out of a hat to justify or increase their market cap, otherwise they're just incompetent

IntrusiveThought seems to care about my holding.
LeoMan - The idea that the funder had no involvement in the settlement isn't credible when there were EU, Chinese and US trials looming with potential damages in the billions.
The funder opted for a quick buck rather than a longer journey and massive eventual payout.
The stupidity of it is so obvious, why didn't they wait for the German trial and EU injunction before having a settlement discussion?
Besides - The US has unlimited appeals so would still be under appeal with the EU case going on.

OK so assuming the business is valued at £30m you're saying retained settlement above £92m.

LeoMan it is mental I agree, but I think it may also be close to the truth, otherwise why would Edison be so bearish?
They said if anything is retained from the litigation it would extend Nanoco's cash runway.
IF! That's alarming to say the least, then LOAM starting abandoning the sinking ship.

Patty - That's an interesting way of looking at it.
I've commented on this a lot recently, I think a £40m valuation on the rest of the business (so-called organic) is generous. I think more realistically £20-£30m based on losses and £2-3m revenue.
That's just speculation really, what we can see is the market is falling out of love with speculative tech companies, so I tend to be more cautious on this front.
I agree that an amount retained is certainly factored into current expectations.
It makes Nanoco a very precarious investment proposition.
In reality they'll be fortunate to even retain £80m. I don't think it will be anywhere near that high after the funder and loan are paid off.
I predict a market cap of settlement retained + £20 - 30m.
You see the downside now? It's possible Nanoco will retain very little.
Say they get £10m and your £40m figure is correct,
That gives a share price of 15.5p
A £10m payout and £30m valuation gives a share price of 12.4p.
Scary stuff!

Absolutely and they thought this process better managed by STM. It would appear to be more of a reshuffle than a cancellation.
If sustainable revenues are proven from this venture, it could put a rocket under the share price. It could also provide the rationale for Nanoco's early settlement as Feeks quite rightly points out.
Lots of IFs though.

No I'm not holding because I believe the risk of a negative reaction to the settlement is too high.

Absolutely Feeks! I agree with that

I bet there are no meaningful revenues from this.
It's a safe bet.

Oh yh hahaha an unfortunate mistake there

GigaWitt - you did presume to know more than Brian Tanner and Michael Edelman though because they both indicated how damages could be calculated, which made a $1bn settlement perfectly plausible.
That's the point you refuse to accept.
I reckon you're Michael Edelman and Brian Tanner's spin doctor.
Unfortunately for you, my memory serves me quite well when it comes to these matters and you'll never manage to rewrite history for me.

I agree that Feeks' optimism pre-settlement was entirely justified for reasons I've explained already.
I believe Nigwit's Conservative view of Nanoco in the current phase is also entirely justified.
Also LOAM did reduce again today by my observations. I proved too optimistic before when I said they'd sell 2m shares, they sold nearly 4m. A rapid exodus is taking place and you may regret not taking heed.
If I'm wrong and LOAM sell out before a transformational update sends the share price into orbit, then I'll take the hit because my current view is completely logical. That would be mad for LOAM to walk away from easy cash.
Feel free to bring this up in future IF I turn out to be wrong, I'm so confident I won't be and the share price will fall below 25p

Fake News is the phrase Donald Trump used to refer to things he didn't want to believe.
Many here would probably describe the disappointing settlement update as fake news or conspiracy.
Let's face it, the current situation is very frustrating because we're forced to wait for 30 days for something we can be reasonably confident will disappoint the market, so this forum has become noisy in a vacuum.

I'm merely an interested spectator of the company.

I don't hold any shares here anymore.
It looks like LOAM are offloading a shed load more today judging by the types and volumes of transactions.

Exactly GigaWitt! I'm in full agreement with you there. What seems more likely: An accelerated sale process coincidentally related to other factors or an accelerated sale process ramped up in response to the recent news, which gave a potentially very murky value proposition? Obviously nobody knows, but we make decisions based on what we consider most plausible.

"Flat Earthers all around the globe" if you'll pardon the pun

yes same! I think this is a great buy but could drop a little further still.
I hope it doesn't for those invested.