Member Info for LordWM

Assuming something transformational happens soon like the commercial deal they keep signalling, or a licence agreement/settlement with someone like Nanosys (because if not we're all ****ed anyway), there seems to be support at 18p, so this is likely the best time to average down or enter.

I've added a small amount at just under 19p.

Sorry if this was posted at the time, but very encouraing (from April 2023).

If this comes to pass, we'll all be rich.

"The Short Wave Infra-Red (SWIR) market is expected to be worth $2.9 billion in 2028, says Yole Developpement."

https://www.electronicsweekly.com/news/business/swir-market-waits-for-game-changers-2023-04/

An article from Feb 2022, but interesting points:

"Yole says the first commercial products based on SWIR could be released by 2023."

"If SWIR imagers reach a low price point, shipments could skyrocket to hundreds of millions within a few years. The SWIR industry could emulate the current 3D imaging industry, where STMicroelectronics and Sony share nearly 95 per cent of the 225 million shipments (2020 data)"

"New quantum dot SWIR technology, not only from STMicroelectronics, but also SWIR Vision Systems and Emberion, could lower the cost of SWIR imaging substantially."

https://www.imveurope.com/news/arrival-st-and-sony-transform-swir-market-yole-says

And although I'm suspisious of Tariq's motives (don't know if there are other commercial angles for him beyond driving the share price as an investor), I do like the scrutiny Nanoco are getting.

Their comms and guidance were definitely not good enough - no clear guidance of damages was given and a lot of people lost money as a result. And the LOAM share transactions are very suspicious, which I'm happy to put down to naivety. It's expected that the Nanoco board would defend themselves and not admit mistakes, but I expect a big improvement in communication, commercialisation and SP moving forward (by the end of Dec 2023.

I'm confident that no clear guidance was given around potential damages during the trial (I looked for it everywhere, as did everyone else, and we all stated our SP forecasts based on the settlement figures that we could find, based on their broker projections and vague statements from BT - if it was there, someone would have found it and shared in on this board). Saying that, at some point, damages models were made public by the court (available only to some who had paid subscriptions and may have clawed throguh the detail), isn't good enough and I don't feel constitutes 'guidance' from Nanoco, as they claim.

But I don't feel leadership change is appropriate right now, and could jeopardise any deals that are close to completing. I'd be happy to wait until the end of the calendar year to give them a last opportunity to deliver.

If they can't close a supply agreement and/or confirm more revenue from other infringers (actual settleements with $s as opposed to new legal action), that's when I'd support a change of leadership.

Suspect one of two things will move the SP upwards:

- News of a commercial order, latest indication is by Dec 2023 latest

- News of another legal settlement. In the Samsung settlement comms, they heavily signalled that they'll be looking at other infringers. Nanoco now have their patents validated, have legal experience and legal partners in place and are a different leage in terms of cash, so are less likely to use funders for legal action. It's likely that they're talking to other alledged infringers now (eg Nanosys), about a licence/damages to avoid legal action. Using Nanosys as an example, they wouldn't be prepared to follow the same route as Samsung as they don't have deep pockets, and enter a legal conflict they'll likely lose.

So another (retrospective) licence agreement (and potentially further damages, although these coudl be negotiated away as an incentive to take out a licence) could be announced at any time.

Failing these, suspect the SP will drift downwards, in absence of positive news/sentiment from Nanoco.

https://polaris.brighterir.com/public/nanoco/news/rns/story/rgndq7w

And if you hang around you’ll be rewarded with a dividend, from their profit, in 2024z

Yes, 2023, 2024 and probably every year after.

In the Meet the Investor call before Christmas, BT clearly said that they're holding back on action against others so that their very limited resources didn't become over stretched.

So regarding near term value, there are supply agreements that have been signposted; and secondly Nanoco (and Mintz) have both the legal experience, funding, IP validation and time to pursue others, who will not have the financial resources and appetite for a big costly legal fight that they'll almost certainly lose.

BT said the settlement would be transformational and a lot of people are attaching him for the outcome with Samsung. It should be remmebered that the entire Nanoco board and their advisors would have agreed that the Samsung settlement was the best course of action, bearing in mind the wider picture of nanoco's pipeline and other legal action thay're planning, which is not public information for the rest of us.

I suspect that after the dust settles and the first payment from samsung arrives, they'll enter a new planning phase where they likely:
- reassure potential customers of their IP and supply validity (ie Nanoco is fully funded and stable), to get orders over the line
- will invest in further research to ensure they're at the forefront of the QD/nanomaterial field for decades to come
- invest in business development and marketing headcount to broaden customer relationships and win more business
- prioritise legal action based on risk and ROI, which could give immediate short term value
- this will likely be a cash positive business (even excluding Samsung settlement payments) paying a regular dividend from 2024 onwards, which will attract a whole new category of investor.

The next investor meeting/BT interview will be very informative, something I'm loking forward to.

Although diappointed with the numbers in the settlement, I'm very happy to hold as this could well be a multi-bagger before the end of 2023 and the future beyond that looks very bright IMO.

I now see two areas of short term value.

The first is obviously commercial orders that are already in the pipeline, and could be announced literally any day, particularly now that their future viability is assured.

The second is settlements with other offenders which could be announced very quickly.
Nanoco have taken on the largest player in the market and won. It’s clear that there are others who are infringing on their IP and Nanoco have heavily signposted that they’ll be targeting others next. Nanoco have an experienced legal team in place who have already completed the background research and preparation for the arguments. They’ve validated their IP at PTAB and by forcing Samsung to settle. They also have the funding to take legal action alone and don’t need funding, which is more cost effective. They’ll likely approach offenders to start discussions, offering favourable terms to settle for past offences in return for forward royalties and compliance, which they’ll likely accept to avoid costly legal action against a viable, determined and well funded Nanoco. This could happen very quickly, in a period of a few months.

This is more of a slow burn now and I'm happy to stay invested to see what deals come through over coming months.
This board is producing more heat than light, so I'm signing off for a while.
Good luck all.

Also, they are now fully funded/will not dilute again.

$90m / £70m net to Nanoco is 22p /share. The current share price places virtually no value on the core business, it's IP, pipeline and commercial deals that could be announced imminently, or potential value from legal action against other infringers (heavily signposted several times in the RNS).

Is that a large £162k buy after opening? I don't trust the detail on here.

There are a couple of references to defending IP and Other Infringements. Suspect with this experience and money in the bank, Nanoco will now target other less wealthy offenders, like Nanosys. I’m guessing without the deep pockets of Samsung, that will be much easier.

Also, the settlement and funding makes commercial orders much more likely. As we’ve all read the QD market is about to explode as they become more widely adopted.

Or this evening towards the end of the working day in Texas.

Well Santa didn’t come but at least no turd in the hearth.
Come on Brian, get your red suit on and bring the goodies home.

Ok Feeks, let’s go for Barbados.

It actually feels a bit like Christmas Eve, I just hope that Santa leaves something nice and not a huge turd in the hearth.