Member Info for LordWM

There have been a few corrected RNSs recently, this one is a real **** up - stating the exact opposite! Not cool.

This is getting exciting, pro investors and connected people putting cash in...!

Tariq was on the earnings call, asking questions of BT:
https://seekingalpha.com/article/4501332-nanoco-group-plc-nnocf-ceo-brian-tenner-on-q2-2022-results-earnings-call-transcript

Does anyone understand those transaction, why they list as unknown and why the delay displaying them?

I’d guess that if Samsung want to settle, they’d want it to happen before a court decision, so probably by the day before the week long case starts, otherwise they’ll likely have a ruling against them which weakens their position. So it could well be after pre trial conference.
I have very limited experience of this on a tiny scale, where the other party settled literally the day before. It cranks up the legal costs because all off the time will be booked and prep done by the lawyers, but I suspect Samsung won’t care about that, small change in the scheme of things.
This could go to the wire!

Kind words frostbar, maybe we should all celebrate a record court settlement or court outcome over a coffee or beer before Christmas!

Let’s face it, a settlement or a court win and fat award would be awesome.
And Nigwitty, if they can pay a huge settlement and barely notice it then that’s awesome too!

I think we all hope it will go down this route (settlement). If they don’t settle and N win in court, it will open the flood gates to other action in other territories and against partners and customers while Samsung appeal, which will be horrendous for Samsung. A settlement should mean cash now, future licence payments for several years and less uncertainty for Nanoco and investors.
It’s so complex that I suspect any settlement will be at the 11th hour, so we’re going to be biting our nails for a while.

BeContratian, I agree re a court ruling, it will only look at US sales. But if there’s an out of court settlement, Samsung will be desperate to make it full and final, to prevent Nanoco pursuing their customers & partners, which Samsung will have indemnified against such a scenario. Nanoco will only settle for known infringements, so if Samsung want to make it full and final, they’ll have to sign affidavits confirming what they have and have not done. This will likely be kept confidential, but I don’t agree that it won’t be included in a settlement.
Samsung will want to draw a line under this, for a known price, with no loose ends. That means they’re going to get spanked financially, will be big.

Hi Feeks, I guess you're right, I was writing from memory. I think the sentiment is broadly right, the validation work has been pretty much done, ST are taking it to market and any orders will be a game changer, hopefully annnounced by the year end.

Hi Feeks, It’s at 7 mins in this interview https://m.youtube.com/watch?v=1z-ELdRSPF8

Feeks, I’m pretty sure he said this in one of the most recent video interviews, will try to find it.

This has probably been discussed too then Hawi, but it’s normal when supplying products/services that there’s a clause in the agreement indemnifying the customer should the product/service infringe another’s IP. Have Samsung been supplying CFQDs to other OEMs? If so Samsung will try to include in any settlement that Nanoco will not take action against any of their customers, and I’m guessing the toilet roll company that Samsung allegedly passed Nanoco’s Ian and know how. This, assuming Samsung think they’ll lose in court, gives Nanoco more leverage in ‘full and final’ settlement negotiations, and will make the number bigger.

There’s always risk in court, and I don’t pretend to know the detail, but what makes me prepared to accept the risk is that it’s not only Nanoco that feels they can prove their parents have been infringed. A very experienced legal firm, specialising in IP cases just like this, who spent a year analysing the case and decided to take it on and find the action at their own risk. To me it’s all so compelling, PTAB judgement already in the bag and locked down timeframes with a judgement and number, followed by a willfulness multiplier.
There’s always risk, but I don’t think this will even get to court, suspect we’ll have a settlement before then.

Remember that if there's a settlement before the court date, Nanoco will insist on a settlement that covers global sales plus future sales for the duration of the patent/s period. That will be significant.

If this gets to court and Nanoco win, it will be for US historical sales plus a willfullness multiplier, and possibly an award for future sales. Two things will then likely happen:
1 - Samsung will appeal, but their risk/exposure will mount swiftly with evert TV sold.
2 - With a PTAB ruling and US court win, Nanoco will likely immediately take action in other handpicked global territories , likely Europe (injunctions halting TV sales), that will sever revenue and be hugely damaging to Samsung. This will apply further pressure to bring Samsung to the table to settle.

The only risk is that we lose in court.

And also don't forget potential upside from announcements re commercial orders. BT said that sensor products have been built (by ST Micro) which they're certain contains their QDs and they're sitting waiting for a purchase order, which will depend on orders from their customers.

It's very normal to apply for summary judgement, but the case against them has to be frivolous or have no reasonable chance of success. This will be rejected, nothing to worry about.

Also, this court action is for US only, Nanoco have said that they’d only accept settlement for global sales. So the numbers talked about regarding what the US court might award will be for US only, any settlement will be much higher because it will be for global sales.
If Nanoco did settle out of court, before trial, for just US sales, it would be more difficult to apply for injunction relief in Europe and elsewhere because they won’t have a court win behind them. They’d never do this, an out of court settlement will be much bigger.

I have about 5% of my portfolio in Nanoco, which I feel is a lot for a single speculative stock. I've been holding myself back this week as the price has weakened.
If we assume that, other than a small number of large players, this is mostly help by PIs like us. So Nanoco isn't really being tracked by analysts or reported in the news that much.
It' pretty clear that Nanoco and legal partners feel they have a case and, if there's no settlement, are pressing to get to court, which will happen in September, with a decision and hopefully a number after a week, and then decision in a willfulness multiplier weeks/few months after that.
Do people think that:
a - There will be a lot more media coverage as the court case looms
b - There will be a lot more speculation through Aug and early Sept, a bit like when a minor oil stock goes into blackout mode while drilling an exploration well, and the share price will rise.
I find it difficult to imagine the SP staying where it is as Sept approaches.
With my core holding I'm expecting to hold until there's an outcome, but I'm wondering if I should risk trying to trade some over the next few weeks.
Obviously if there's a settlement or commercial order before then, we're all laughing anyway.
Any opinions welcome. (this is a great board BTW, really enjoy following comments/opinions).

We’ll done whoever noticed the job vacancies.
On Indeed they have a Lab Technician and an Accounts Apprentice. Both indicate scaling workloads….
The Lab Technician has a big focus on monitoring and maintaining stock levels, managing deliveries, and importantly, lots of shipping to customers and partners. We know they’ve won extra work packages, this is more evidence to support a step change in production, possibly for regular commercial orders…

“Shipping

- Packaging and labelling of shipments to dispatch to internal and external customers, manufacturing partners and suppliers

- Maintaining compliance with ADR and IATA shipping regulations.

- Liaising closely with shipping and sales coordinator and internal customers.

- Scheduling couriers and organising inter-site shipments

Stock keeping

- Monitoring/maintaining chemicals, solvents, packaging and consumables supplies

- Monitoring stock levels in solvent store and chemical storage area, keeping records up to date

- Reorder stock items that have reached minimum stock levels

- Take deliveries and book deliveries into Sage

- Hand out deliveries and arrange for returns when necessary”

https://uk.indeed.com/m/jobs?q=nanoco&l=&from=searchOnHP&sameL=1

Feels like we're at the most difficult time, just waiting for news flow. We have to sit on our hands and trust our analysis.
Sept isn't that far away, but really news could come at any time. I suspect a settlement would take a little time as it's complex, but a commercial order could land any day. Otherwise, it's the one week court case with immediate jury verdict in the autumn. What an exciting time that's coming.