Member Info for JBongo

Selling down about 3m shares. Cant imagine he's happy with how this has all panned out

I've voted against!

Just couldn't help but humble brag could you Dorset?! Personally, I only have a miniscule holding of about £2m in SMT after selling off about £100m over the last year. God I'm rich.

Checked my ISA today and wondered why the big slump. Of course it was Nanoco. It's always Nanoco... I'll be glad of the day I get rid of this drain on my finances.

Actually, these might just be the result of the company buying back shares so the resulting % of the remaining holders goes up and needs disclosing.

Donald topping up by a decent amount today. Maybe he knows something...

Why do I get the feeling that us little guys are going to get shafted here and saba & co will be riding off into the sunset with their cowboy hats and swag bags full of our money...

They do if you use the filter feature 😉

I blocked tw ages ago. I would encourage people to do that rather than trying to argue with a brick wall

Pretty much either sell now or wait for the agm and see what happens.

I feel like the board knew that saba wouldn't back the second tender offer, but proposed it so they had a stick to beat saba with. I think saba had previously proposed the tenders if their members were elected, so maybe that will happen if they do get in, or maybe they change their mind.

If ewi board wins at the agm, I guess we go on until another saba attack

Sweeter, as you may have seen from the RNS, the proposed tender is now off the table. It now sounds like they'll offer one tender after the AGM and another at spaceX ipo date. So I think that means you would be able to tender 100% after the AGM, or 100% after the IPO, or neither. May as well just sit tight and see what happens at the AGM now. I'll probably wait until the IPO as id kick myself if I tendered after the AGM and then the IPO was a big success.

Unfortunately I'm not massively clued up on tax so can't offer you much help there.

Sorry to hear about your dad.

Basically, the board of EWI keep coming under attack from Saba capital, who want to take over the trust, replace the board with their own people and run it how they want. EWI have therefore offered the tender offered to buy all shares from investors and are encouraging them to take this offer to stop saba. 15% for space x should be realised when Space X IPO later in the year, so you will likely have to wait a bit longer for that money to come in.

So if you tender now, you will get 85% in cash soon, then 15%ish in a few months (when the ipo happens).

If you don't tender now, you'll likely be part of a much smaller investment trust likely run by saba capital. This may or may not be a bad thing, but it will likely change the direction of the company (saba seem to like looking for undervalued companies rathe than the small cap growth we have with EWI) and may reduce liquidity of the trust as well.

Yes the tender would be a taxable event if you took it (unless in an isa?)

Yes ive voted to tender my shares too. Sounds like the spacex ipo is going to be a biggy

Just a look at the salary on offer will tell you why

Yes I didn't buy when it was at a huge premium. I've only bought 3i at a discount or parity in the past and am doing pretty well out of it. As its getting back to that lowly territory, i'm going to add some more.

Lawyers the only winners there then!

We've probably negotiated hard and managed to secure the sale of the company for £2m to Shoei...

I won't get my hopes up for tomorrow. Too used to being disappointed by this company.

Hopefully they haven't filed a document in the Samsung case instead of the Sheoeieo one by mistake...

Odd. Just got an email from the old Samsung trial pacer website with a filing titled "Joint stipulation regarding cross-use of protected materials by Nanoco Technologies Ltd".

Can't access it unless I pay though.

https://www.docketbird.com/court-cases/Nanoco-Technologies-Ltd-v-Samsung-Electronics-Co-Ltd-et-al/txed-2:2020-cv-00038

Thanks for the docket updates Sammy. It is appreciated!