RE: GigaWitt have you sold out.27 Jan 2023 10:12
BeContrarian - the transactions in shares of the past 1-2 weeks seem to be almost exclusively from PIs. Why do I think that? Because somebody posted a fraudulent "RNS - deal for £650m " message yesterday (deleted since then) and the SP shot up by about 4-5% second later before crashing back down minutes later after the corresponding thread was deleted by the admins. An institutional investor would not be swayed by that tripe.
So currently, PIs, most of whom do not have professional enough attitudes and/or mindsets, get easily swayed by the outright lies and enormous distortion of facts spouted by 3-4 trolls that appear to be working in concert.
Latest example of enormous distortion of facts: someone claiming that the management is in an "impossible situation" while actually it is the opposite:
1- very strong legal case, considering that a litigation funder has committed money to support Nanoco, and considering that Nanoco is formally suing Samsung in jurisdictions around the world (incl. China, well-known to be the wild wild East of IP). And remember all the preliminary rulings from the Texan court that were all in favour of Nanoco.
2- 11th hour approach for settlement - it is very likely that it's Samsung who wants to end this considering Nanoco's strong case (see point (1) above.
So the management has the choice between suing Samsung to try obtaining max bucks or seeking a faster a resolution. Basically the management now has two options. It's great to have options!