Member Info for JBongo

Bought 170k and sold 90k. Odd way of buying shares. Unless I'm missing something

He could have just said "we'll only settle for a fair amount" before the settlement and left out the bits about 'multiples of market caps' etc. Then he wouldn't be signalling that we are going to fold for a pittance to Samsung, but also doesn't mislead investors. I doubt Samsung paid us any more in the settlement just because BT used some tough language in the months prior.

BT said he was very much in favour of keeping Nanocos production capabilities in a recent ish investor call. So I can't see us ditching it now. That was one of the reasons the company moved fully to runcorn recently.

https://www.edisongroup.com/research/litigation-settlement-concluded/31947/

It's not hard to cut your losses HH. Just press the sell button anytime between 08:00 and 16:30, Monday to Friday.

Who knows, maybe there'll be an RNS in the morning for some new orders that'll make the whole settlement thing make sense. Sweet dreams all. Don't let the quantum dots bite.

"We don't need another hero,
We don't need to know the way home,
All we want is life beyond Samsungdome"

Henry, holding on for your average price before you sell is anchoring bias. If you don't believe in the company anymore and don't trust the board/believe it is fraudulent, I would sell out now, rather than waiting for an arbitrary price.

Missed this quote yesterday innthe RNS. Seems to confirm a possible dividend, but having to wait until next year.

"The Group expects to have net negative distributable reserves in a number of subsidiary companies and in the parent company itself after the impact of the transactions noted above. The Group will therefore review options for its future capital structure prior to the receipt of the second tranche of proceeds around February 2024 in order to facilitate a possible return of funds to shareholders."

That was my thought when I read it this morning nanogeddon. Doesn't make sense to just sell them some random patents otherwise.

The next investor meets Q&A will be interesting. Although I'm sure most of the tricky questions will be filtered out or altered to be easier to answer.

On the plus side, my portfolio isn't actually down much today. Other shares/funds doing the heavy lifting. And I'm still 10% up on Nano. Could be worse.

It is multiples of the share price. -0.8x .........

Any way to find which patents we've sold? Surely that should be public information. Patents are in the public domain after all.

This quote from the chairman says special divi to me. Although I guess we'll have to wait until 2024 for that... "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"

Can't say I'm pleased with the outcome at first reading. Feels like we were strong armed into taking a relatively low offer. Will see what the market says at 8

In the notice of deficiency regarding the motion to stay, the judge stated "Correction should be made by one business day".
So I presume he would have used similar terminology (e.g. 30 business days) if he had meant working days for the deadline to submit dismissal papers to the court.

It just said 30 days in the court docs. Nothing about working days.

Scanhorst,

"There is no way they’re going to repeat last year’s LFT revenue." - Utter supposition. No more needs to be said.

"Covid worse in winter than summer and it was rife in December." - Incorrect. Both going by the official government numbers (not too reliable now as you don't need to report results to the NHS, but still): 27k weekly average in July 2022, versus 6.5k weekly average in December. And also going by the zoe study (more reliable): https://health-study.joinzoe.com/data#interactive-map which clearly shows a big peak in July, hence more tests sold then.

It makes complete sense that the sales will be more when there are covid peaks, and that we'll likely continue to have such peaks in future.

I didn't say I didn't understand anything. Just that you keep repeating the same thing over and over.

Buzz, I think you've got stuck on repeat mate. Just give yourself a bang on the head and it should sort itself out

I'm playing devils advocate here as I don't actually believe nano don't want to settle. But the sale couldn't be mentioned in court either (nano must have known there was a chance of that at the time of the 'sale').

Nano may want to show the judge they are reasonable and willing to negotiate. Or there could be other tactical reasons for it that are over my head.