The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
You also stated “ 20p by Monday” AFTER the settlement RNS. Seems like you are playing a bit of a game to me.
Also announcing your departure on Friday and not then departing.
One thing to consider. The RNS has stated that the company will look to return capital to shareholders. Ie they don’t need to full settlement to operationalise their own plans.
This means that any additional award would have just either sat on the balance sheet or been returned to the shareholders.
As a shareholder that would have been delightful but if you are running the business - are you going to take a deal that allows you to immediately operationalise (and unblock a lot of your current pipeline that’s in limbo)? Or take a deal that removes any uncertainty and enables you move the business forward immediately.
Yes, BT’s language was often Churchillian in nature and pointed to a much bigger pot of gold at the end of the (immediate) rainbow. But the more I consider the actions, the more I understand the decision process. I’m hanging about.
Morbox - exactly. There would have been many, many factors that none of us know and that would have been ever changing, when making the litigation decisions.
We need to hear from the company, Brian and see what the next couple of RNS statements say before casting BT as the Devil Incarnate. Those who can’t immediately order their Porches (or buy that dive nightclub in Runcorn :-) ie me!) need to relax a little.
STT1 - Thanks for repeating for the 50th time, exactly what we all knew.
As I mention, I am still well up on my investment here. You should possibly focus more on your love affair stock TLY given it is 44% down in the last 6 months.
Henry - I hear you. But I’m also an advocate of understanding all sides to a story. Not one of us knows what has happened behind closed doors and why the decision was made. I’ll reserve judgement until BT is questioned and shares his and Nanoco’s story.
You are clearly wounded but as a Historian you’ll know that emotive responses don’t often end well. Go for a walk, enjoy a roast at the local, drink a whisky in the favourite chair. Come back Monday :-)
This was the collation of positions that Botbot pulled together prior to the settlement announcement. This may well have changed between then and now but ultimately it will be those with an average at the higher end that will be smarting the most. Going to court would have left us in a position of limbo for some time. Personally, still being a significant amount up on my investement still, in a position where the organic business can now move forward with a strong capital base and being prepared to wait a year for my dividend, doesn’t feel like the worst place to be now that the dust has settled (albeit, I was pretty glum yesterday morning like the rest of us!!
Mr_Nakhla - 2,200,000
Peter10 - 2,000,000 + @ 35p avg
Troublesome - 2,000,000 @ 10p avg
Intrusive - 1,200,000
Mattyboy - 817,807 @ 16p avg
Gozzygiz - 675,000 @ 30p avg
NGR - 400,000 (or just 400)
Al_Truist - 360,000 @ 35p avg
Bagpuss - 285,000 @ 9p avg
Dwstudios - 262,000 @ 19p avg
Botbot1202 - 217,000 @ 12p avg.
SVTCOBRA - 200,000 @ 20p avg
Peregrinetrouser - 186,000 @ 37p avg
DND42 - 171412 @ 23.1p avg
HenryHistorian - 140,000
Xbb2008 - 122,000 @ 37p avg
NIDGM - 120,000 @ 60p avg
Ginodog - 120,000 @ 19p avg
Scrapiron - 100,000 @ 22p avg
Peexb - 80,000 @ 23p avg
Everbroke - 68,000 @ 28p avg
Morbox - 60,000 @ 18p avg
buzzfledderjohn - 60,000 @ 25p avg
LivLou - 50,000 @ 48.2p avg
BC - 50,000 @ 35p avg
Crisplex - 50,000
JBongo - 36,500 @ 23p avg
Rob_125 - 21,000
Rr101 - 1,115 @ 55p avg
STT1 - you are good looking back at past posts.
You’ll see in December before the settlement announcement that I declared my position (something that you never do) as holding 119k shares at an average of 19p. So at this moment in time my investment is 42% up and I’m very optimistic that this will lead to growth in the organic business given the firm footing that the company now has.
In addition, the RNS has clearly stated that there is a “firm intention to deliver a material return of capital to shareholders.” So I will be looking forward to the details of the dividend to be expected.
All the while, you love affair stock, TLY, has dropped 44% in the last 6 months.
The deflation you feel daily must drive you to make the posts that you do.
"In deciding the allocation of the net proceeds, the Board will balance any investment needs of Nanoco's growing organic business with a firm intention to deliver a material return of capital to shareholders."
Would have been nice to have been told the value of the dividend given the impact on the SP.
Warren - that’s not actually true. STT1 also claims to be the victim of bullying. The funny thing is, whichever board he is posting on, they are all saying the same thing about him.
Ironic that Gigs is asking US to be the ones taking a look in the mirror!!