Member Info for Maxi19

My complaint is that needing at least 3 additional weeks to finalise a process for which the directors had a whole year to prepare is incompetent, and I don't want the company I'm invested in to be run by incompetent directors.

I'm sure you understand that but are being deliberately obtuse.

Ffs. Just to be clear:

I don't care about the delay.

I care about having competent directors.

Get it?

Whether it happens in Q1 or not is missing the point.

The point is that Brian and Liam had a year to prepare the capital return yet appear to have done no prep by the time it was received. It reflects very poorly on time at a time when they have little shareholder trust.

Frankly I think Nanoco deserves better.

Why is it so difficult for posters like Daz and NGR to accept even the mildest criticism of the directors?

It's suspicious.

Read my post again. Even if it's consistent with guidance it's disrespectful to shareholders to not expedite the return as soon as possible. What's the point of hanging onto the money? Any interest they get is taxed (or uses up losses) which is tax inefficient seeing as shareholders get taxed on it too.

I'm just not sure BT gives a monkeys at this point.

Sorry to bang on about this again but Brian and Liam have had a whole YEAR to sort out the return of capital and we're still waiting.

And before you say it, yes having the money a few weeks earlier isn't that big a deal and yes they didn't give guidance on specific timings.

The whole thing just smacks of pure incompetence, and again I wouldn't be so fussed had Brian not stressed the time value of money so much.

I don't know, when there were 200+ posts a day on here pre-trial he clearly had time to read them all and notice one which referred to the damages model. Which he then claimed shareholders should have known about because it was posted on here.

Lol is there anyone who isn't puerile on anonymous chat boards? But different from being a CEO.

I meant it's a bit puerile of BT to troll shareholders (although I can't say I wouldn't do the same if I were in his shoes).

honestly, a genuine question. the guy must be pretty ****ed off with shareholders after the flak he's received over the past year and he must have got some satisfaction by saying the capital return would happen "shortly" and "soon".

i don't really blame him although it's a bit puerile.

Honestly, if the delay reaches 3 weeks I'd vote for another requisition meeting to remove BT and LG. I've got a small but significant holding. Would anyone else be keen?

I'm sure Dieter and Dr Jamil have some brilliant contacts who could take over as CEO and CFO.

NGR, STMicro are making their QD sensor on 300mm wafers so makes complete sense

I suspect they're implementing a B Share scheme, which of all the options is the most complicated as it could involve consolidating shares. It would also need a law firm to draft a circular explaining what is going on. If they were doing a divi there wouldn't be any reason.

Still, absolutely no excuse for not getting this sorted out before the receipt of funds. Samsung mugged them off with the settlement and now they mugged them off by paying up 2 weeks early.

Nothing new in that RNS. Seems like details of the capital return are again coming "shortly".

So expect another 2 week delay. What a joke.

The ifixit iphone teardowns don't give details on the ST sensors used for Face ID. So it's not a given they'll do the same for the AVP.

NGR, the type of guy to find his neighbour naked in the cupboard and accept his wife's explanation that his shower wasn't working.

No, I didn't send it because of course it would get nowhere near Dieter.

Classic responses from people like NGR missing the point that it wasn't about the settlement amount but the rubbish comms.

The point I am making to Dieter is that if he considers BT and LG incompetent or sub-par but is concerned about upsetting shareholders by moving to replace them, don't worry as most shareholders will back him.

Dear Dieter,

Welcome to Nanoco! We are very pleased to have a person of your calibre join the board as a NED. As you've said, this is an exciting stage in the company's life and we hope you contribute to its success.

You no doubt know plenty about Nanoco's technology and its potential uses. What you may not know much about, unless you've read the last 18 months of this board, is how the majority of shareholders feel about the board, particularly Brian Tenner and.Chris Richards, and to a lesser extent Liam Gray.

In short, there is little to no shareholder trust in these individuals. This stems largely from the settlement with Samsung, which although highly respectable was significantly below what shareholders had been led to believe by Brian Tenner. Hence the halving of the share price since. Further to this, the board's reaction to shareholder disappointment was defensive and contemptuous and came close to "gaslighting". Since then we've come to realise that additional license agreements are much further away than we were led to believe and potential display customers haven't materialized. We are also now in the middle of a debacle where we have at least a 2 week delay to announce plans for the capital return when the board had a year to prepare.

I mention this because your role is to oversee the board and you have a duty, if you think board members are incompetent, to try to remove them. None of us shareholders know exactly how competent the board are, but we urge you to look very critically at BT, CR and LG. You may not have the numbers to do much now, but when Dr Jamil joins the board and Chris Richards retires you may have the strength in numbers.

Another way to look at it is this - are Brian Tenner and Liam Gray of sufficient calibre for the next stage in Nanoco's journey? If they are not, we trust that you will be able to replace them with better qualified people.

Regards,

A Hopeful Shareholder

Shocker. BT promises something and doesn't deliver.