Member Info for Ginodog

Has anyone been able to register their proxy vote yet. My online account doesn’t seem to have the tender offer appear in the corporate actions section and just wondered if others have actioned already?

Exactly my point FH. If they were that buoyant about prospects then the crash after the special divi would be short lived. Unless someone else is pulling strings.

I wouldn’t expect you to believe this NGR but I’d imagine that most people who have generated enough capital to invest in the company at a decent level have a good level of capability and competence and wouldn’t be swayed by opinions on here and aren’t “small minded muppets” as you so eloquently put.

This isn’t an echo chamber rather a place to come to discuss views on the facts that are presented. Maybe those views differ from your views, doesn’t mean you are right. The fact that the majority of investors here are upset with the actions of management would suggest that they have interpreted the facts differently to you. Same goes for other BB’s that I’ve seen.

Absolutely neither significant or exceptional Troublesome.

I’m lucky enough to be in the black with a large holding at 19p but see this offer as an insult. And those well in the red will undoubtedly be feeling more anxiety than I!

If the management are that confident, just give me my 10p-12p and let the results and growth do the talking to recover the SP. But they appear to be lapdogs to the II’s.

Https://x.com/nanocotech/status/1767234145837592588?s=46&t=cDbtnQgW84gTDB3QO2-kLg

Just noticed a Twitter post from Nano on the tender offer - patting themselves on the back. Some interesting comments underneath! I suppose it’s a decent place to leave feedback given the likelihood of the company and management keeping an eye on it.

If this tender offer is well undersubscribed (which I personally believe it will be at the measly offer) then they have said they would consider a special dividend (I think we’ve got two hopes). Given that the measly tender offer gives investors 4p per share when announced (looking even less now) then any special dividend will have to be lower than this in order to not p**s off investors who opted for the tender offer - so even more measly.

Could we really see Loam sell out and buy on the drop? Given the heat from what happened on that faithful Friday / Monday - would management really have the balls to play into their hands like this?

I’ve had an email back from Liam Gray stating that it was “20 plus” investors. All institutional no doubt.

Which is why the tender offer is a farce - why sell at the tender offer price when the SP will reflect this anyway!!

Should have kept that quiet PP! He clearly hasn’t read the RNS!!

I’ve just emailed the company to ask them to confirm how many shareholders were consulted - not just the % of shareholding. It’s a pretty basic question and one that a company should be able to provide transparency to their shareholders on. Let’s see if I get a response.

Exactly FH! And then of the investors aren't lapping up the tender offer at 24p (a loss for a large portion) then will Nano return the rest as a divi (which they’ve said they’d “consider”) or will they just put it back into the coffers?

This says 3rd 2023 not 3rd Feb this year.

Pirate Pete - you think that 38.5% of all stock will be let go at this measly uplift? It’s only 3p higher than the traded price this morning.

So at that tender offer price with many investors in the red (I’m lucky to be JUST in the black), how many investors will actually take up the offer?! Especially when 90% of purchased shares will be cancelled and push the SP up.

“ If a material amount of the £33.0 million is not returned through the Tender Offer and Share Buyback Programme, the Board will consider a possible further stage of the Return of Value comprising a Special Dividend.”

So will they distribute the inevitable left over money OR is this just an elongated way of not having to return a large bulk of it??

This seems like a stitch up.

Skeletor - this was my hope although the longer we wait with absolutely zero comms, the more I fear that the whole thing may be down to incompetence.

Maxi19 - if they pay a special dividend, it wouldn’t be subject to capital gains tax, rather income tax (over the paltry £1k dividend allowance).

Maxi - completely agree. I think this is probably what winds up PIs the most. It appears that they have learnt absolutely no lessons from past indiscretions regarding comms.

What is worse in leadership than not being prepared to learn from past failures? And what is worse for a shareholder, than ambiguity and lack of clarity (apart from outright lies, which I’m really hoping isn’t the case here!)

For me this delay screams of either two things:

1. Incompetence. They’ve had a year. BT said in October that they are hoping to announce details in January. No excuses for the radio silence.

OR

2. A commercial RNS on the horizon that would have a positive impact on the SP in advance of the announcement. They may even be looking to announce at the same time.

As I’ve said previously, my hope is the latter but my fear is the former!