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@Nanonano and NGR: I was never speculating for a 1 billion outcome but I had expected for Brian Tenner to respect in a settlement accepted BY Nanoco the red lines that he Brian Tenner had set out and that this would lead to “multiples of….value” - words he conveniently “forgot” (bad) or even absolutely indefensible he never meant sincerely in the first place.
What I had expected- to be honest something like USD 400m for a global (!) settlement- this would have been a fair sum to believe based on the numbers that Edison (paid for their research by Nanoco) had published when they were saying that ca USD 200m were lost sales to Nanoco in the US alone and that the US market was only one third of global sales. USD 400 million for IP that helped a multi multi billion company like Samsung to launch a highly profitable product should have been possible and easily manageable for Samsung.
I always come back to the same conclusion that Brian Tenner is absolutely shameless and an utter disgrace. As an investor one cannot have any faith in him.
@NGR: I guess your timeline on Nanoco succeeding is 10 years correct???
Don’t you agree with me that Tenner’s boast (empty misleading as it turned out to be) about “major inflection points” were of a more imminent near term nature….stop being an apologist for a misleading CEO.
@Nanonano: Reading your post all I can think of that right as you may be that Tenner has shamefully misled investors- even under your view the cake might turn out to be as very little. So we got two peanuts for the Samsung litigation and we will get a sandwich with peanut butter for sensing is my take.
How can we push Tenner out?
@Valueformoney: I was responding to Tornadotony who in my eyes is too positive.
Look let’s be honest: BT’s track record is not great. Past big words turned out to be just words. All we have at the moment for the future are only words - so I think it is only fair to say that people might consider only acting on clearly worded RNS - as everything else until now (BT investor presentations, Edison notes) turned out to be very misleading.
I think that my words above really are a fair assessment of the current situation.
@Tornadotony: The share price is so low not due to me but down to people not buying. And why would anyone want to buy? Let’s face it the CEO has systematically misled shareholders and so many people are not only looking at either realised or unrealised losses but also feel, I should rather say know, that the CEO Brian Tenner cannot be trusted. Others might read or have seen the Investors Chronicle headline that referenced a disappointing settlement…so that readership will also not buy.
So you are a left with a CEO who is full of hot air and a company that has no product in commercialisation - all you have as a shareholder or potential investor are Tenner’s words about potential deals…and you know after his empty words about the Samsung litigation that is just toooooo little.
The transformation is gathering pace - Brian Tenner got it spot on. The major inflection point is happening in front of our eyes!
Free of charge Nanogeddon as always!
Never mention clarity and Nanoco in the same phrase - it doesn’t mix it is like oil and water.
@NGR: Why would anyone want to switch from Samsung as a supplier to Nanoco now? I mean Nanoco can hardly undercut Samsung…
@Tornadotony: Do you remember that Nanoco raised funds through a fundraising in May 2022 so that we are already fully funded until 2025?
Again selling off your greatest prospect of revenue as Nanoco has done for peanuts is hardly laudable.
Nothing has gone badly wrong for Hammodi- the allegations are still in the room and have not been factually rebutted by Nanoco. For all we know Hammodi and Pallas might now be in the process of debating how to take things further.
As with regard to Tenner I and many others never took one sentence but let’s all be honest he knew very very well what impression he was creating and how misleading this impression is.
Let there be no mistake: Tenner has no credibility left as his integrity been left wanting. My warning to private investors: Only trust RNS and only trust them when there are no weasel words in them but only hard clear facts ans numbers. Unfortunately the only way one can deal with statements from Nanoco.
@NGR: You are getting ridiculous- go and LISTEN to the company presentations that Tenner did in 2022 and “transformational” and “major inflection point” and multiples of shareholder value and “red lines” were all terms used by Tenner.
Anyway it turned out that Tenner is all hot air and like a balloon pricked by a needle all the hot air has gone and the share price has spectacularly and deservedly collapsed.
Well done Tenner well done!
@Nanogeddon: Don’t bother with NGR. Someone either wilfully blind or in the pay of Nanoco.
All the matters of the case were already on the table when Tenner made his statement and I don’t believe that anything new would have arisen for the lawyers/advisors to go from only accepting to multiples of current value to a figure that would lead to halving the share price on a net amount settlement payout.
@NGR: It is clear that Brian Tenner’s messaging was insincere and misleading - where does ramping and hyping up stop and outright lying start?
I think that Brian Tenner has turned out to be someone that private investors cannot trust but some of us are nursing losses they don’t want to realise. I have cashed in ca 2/3 of my Nanoco shares when they were between 22 and 23 pence and also cashed in some more before the final RNS and made on that slice a small profit.
Still what a wash out this has turned out to be and quite honestly as a private investor all I can say is forget the Edison reports, forget the Tenner presentations and only act on clearly worded unambiguous RNS - in other words treat this shambolic management as someone you cannot trust on their mere words.
I wondered how “transformational” and “major inflection point” looks like for a share - now I know.
Thank you Brian Tenner for having a big mouth and no substance.
@intrusivethought: Why needlessly realise a loss?
Also my opinion on BT are shared by many as well as the timeline for a RNS.
Why are you always so aggressive and to be frank so obnoxious?
Two observations: The first major inflection point turned out to be a damp squid and communication and messaging by Brian Tenner was way off from what the company had been willing to accept. Given this history I am very reluctant to believe any Tenner statement or Edison report etc.
The only thing a private investor in Nanoco can trust in are clearly worded unambiguous RNS.
Personally I wouldn’t invest in Nanoco until a commercialisation RNS is released.
With regards to timeline I think the earliest we can expect such a RNS is December so I can’t understand the excitement about June or July news.
The CTO has also been betrayed: His work has been given away by the CEO and his shares have collaps d in value. Well done Tenner.
@Nanogeddon: Only an utter fool would still have faith in this CEO who has utterly utterly failed shareholders and disgraced himself.
I am absolutely disgusted how the settlement has been handled and really hope that this will be examined in a court of law.
Attention attention: The inflection point of 20p has been reached. Brian Tenner has reached his goal.