Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
It has been a long slow painful death for this AIM disaster. Seemingly all triggered by Ronalds dodgy share dealing years ago!
Nothing there to get particularly excited about, but if they have increased R & D by 51% may be some of these molecules will be ready sooner rather than later! Let's hope so.
Dead share?
Hard to say if potential purchasers will be thinking in terms of a paying premium to the current share price, or valuing the company from a completely different perspective. I would imagine the BOD have a minimum acceptable price in mind when it comes to any sale, hence only a select few who put forward non- binding proposals have been invited for further discussions. If those interested parties are still keen, I guess they will have to fight it out with competing bids.
Board full of bickering people, slanging of the co. and watching the SP decline. Some kind of sadistic torture ? If things are so bad for heaven sake sell up and move on. From the last RNS, it seems NT is well aware of the need for volume / seed sales to make the thing work from now on.. Moaning is not going to achieve anything!
A rotten deal all round for AAOG shareholders. And likely to be for Zen...why would SNCP cough up dosh for them and not AAOG? Or have they just found another cash cow to milk until it is on it’s knees too? Does not make any sense!
a nice problem to have...
"In a short time, we have established the popularity of Chill in the US, especially the chew pouches. We take nothing for granted but it appears for the time being that our limitation is not on customer demand but rather our own supply. As we work towards securing a significant increase in our manufacturing capabilities, we are optimistic about potential future sales.
At $11.99 each any serious volume on just this one product could be very rewarding. (Didn't Mr Checkout shift a billion cans of energy drink ?)!
Not too bad considering CBD sales only going since August. I know people will scorn the revenue, but most companies would be impressed to go from zero to £65000 in 4 months. Now need the volume to bring in the revenue. If Mr Checkout trial successful, then that could happen pretty quickly. Takes time to establish a new brand, not done overnight.
Keeping ED sounds a good idea at this point as generating revenue.
'The Board has reviewed the proposals and is now inviting certain of those parties to engage in further due diligence and detailed discussions about the sale of the Company.'
I would take that as 'mildly' optimistic or at least an indication of positive progress, but as per RNS no guarantees as yet, but those disclaimers have to be put in regardless.
I rather thought yesterdays RNS would have stirred a lot more interest in Nanoco, but apparently not. It was the news that we were hoping for at this point in sales process, 'multiple parties interested' etc ….don't think they could have said any more in the RNS without breaching the FSP rules.
Off the radar still or perhaps people not convinced it will happen because of the standard RNS disclaimers? Or too long to wait for final news? Perhaps too many years of failure to deliver has tarnished investors views? Hopefully potential purchaser will not be viewing the company from that point of view.
I guess the company will have in mind a minimum price they would accept in any sale, one that would be acceptable to the major shareholders at least. Normally where there is potential for a profit new investors would be pilling in and eagerly awaiting the news. But here no one seems to be that interested or too hopeful. Very odd.
Perhaps Evercore has put some sort of 'reserve bid' on the company, and only interested parties that are willing to exceed that have been invited for further talks? Filter out the serious bidders from the opportunists.
'The Company confirms that it has engaged with multiple interested parties as part of the formal sale process. '
That sounds pretty positive, definitely some interest then.
Appears to be a new one.
https://www.youtube.com/watch?v=ntuEGbItNnM
Major shareholders have total of 97.8% of shares in issue. Tiny free float. Hence exaggerated movements on buys/sells. Great when rising but not so good on falling!
The back peddling RNS says it all. The banks are not officially engaged to do anything!
RNS Clarification of Understanding with CITIC & VTB
Mon, 25th Nov 2019 12:30
'However, as set out in the Announcement, no engagement letter has yet been signed with the Banks, although they continue to work on the Company's behalf; no agreement on success fees has yet been reached; and the Company also reiterates that there can be no guarantee that any transaction will occur nor that there can be any guarantee as to the value that could be achieved for any of the Assets in any potential transaction.'
https://www.prnewswire.com/news-releases/nanosys-on-track-for-record-shipments-of-quantum-dots-for-displays-in-2019-300937397.html
Not a new article but makes you wonder why are they doing so well and Nanoco has done so badly. Too expensive or not the right products? Makes you think that the main interest in buying the IP could well be from Korea/China.
Having followed AAOG from day 1, it clear that not one single thing they have done has gone according to plan! But they been stumped from the very beginning by having a partner who could not pay their share. AAOG shareholders have taken all the risk, been diluted to hell, while SNCP coughed up nothing until after the drill results were known. Sefton never made it clear that AAOG would be liable for the full cost of the first drill if SNCP did not pay. SNCP are largely to blame for the ensuing fiasco that is AAOG. If SNCP had paid their share the situation today could have been very different.
Feel for the holders left here. This company has been a complete disaster from the day it started. From bad to worse to terrible!
Anyone understand all this trading by Peel Hunt? Are they the AT buyer/seller who appear to be holding the price static? Must be costing someone a small fortune is RNS,s!
The Company intends to hold a general meeting of shareholders at 10.00 a.m. on 12 December 2019 ('General Meeting') at The Washington Mayfair Hotel, 5 Curzon Street, London, W1J 5HE for the purposes of passing the resolutions required to increase the share issuing authorities of the Company to enable it to issue the Subscription Shares to Greenland Ventures A/S and Vaekstfonden (The Danish Growth Fund).
Also: Resolution 1 - Section 551 authority
This is an Ordinary Resolution authorising the directors to allot and issue ordinary shares and grant rights to subscribe for shares up to an aggregate nominal value of £14,000, £4,000 is for the Subscription and the balance of £10,000 is a general authority.
75m shares to be issued soon and more possible. May be reason for recent drop? Tempted to buy but think may drop more yet.
Another 75m shares soon. could be the reason for recent drop?