Member Info for Maxi19

Great find Blockchains! I take back my accusation of you being a phoney, please accept my apologies.

No mention of price or what this means for shareholders but we'll find out soon no doubt.

But I should add I'm still expecting nothing on the basis that administrations very very rarely end in shareholder returns. I think I didn't grasp that point originally, and although I can still in theory see a way how this does result in a return I'll only believe it when I see it.

Ha this is all getting interesting.

Blockchains, if you're right that the buyer's financial muscle "blew the others out of the water" then that sounds like there's a decent chance shareholders will get a return. On my analysis the total debts of the company upon a winding up wouldn't be more than £7-10m so if there's an 8 figure payment there should be some kind of return.

The proposition it could end next month assumes trading volumes will remain well above 1m a day. But if volumes go down to around 400k a day then the company will only buy around 100k a day, which would mean several months.

The company can't artificially generate the volume by raising the share price on their own.

Personally I think it will end in August or September.

Yep. Which is why administrations very rarely end in shareholder returns.

Yes, the administrators have to release proposals for the creditors 8 weeks after entering admin, so we'll get that by next Monday.

Just because there's been no news doesn't mean the main assets haven't been sold. The company isn't listed anymore so there's no need to update the market.

Like you I'm not expecting anything but curious as to how the assets could be worth so little if that is the case. If, against the odds, there is a surplus then I'll be delighted.

Some of the assets in Sunderland that is. Not clear what's happened or is happening to everything at Silverstone.

If true, wouldn't surprise me if it was Padmini as they'll v.likely have the right to buy the 49% JV stake.

I saw that on 18 April Hilco launched an auction for everything at the Sunderland factory.

Nanogeddon, it will be in the terms of the bonus and option agreements that the directors sell as many shares are necessary for the company to fulfil its PAYE and NICs obligations. Otherwise the company would be on the hook for those amounts.

As far as I'm aware this is 100% standard and nothing to be suspicious of.

Having thought about this some more, I actually think this is done here. Obviously hope I'm wrong and that Blockchains isn't a wind up merchant but I'm struggling to see it. Apologies in advance for having given anyone false hope.

Blockchains, your source may well be right but forgive me for not giving it too much reliance. What you said is very vague - the company hasn't said it is out of admin, is the would-be buyer purchasing shares or assets, vagueness around the delay.

Sorry troublesome haven't got time right now but it was posted on here and Google search Nanoco for the past week.

I don't think there's much context to be honest, and I'm making a bit of a leap tbh.

No news yet. Perhaps Blockchains was a phoney.

Anyway, the longer this goes without news the more encouraged I am as if suggests the administrators are confident of being able to repay creditors in full.

Did anyone rear BT's comment in the Mail article saying customer finance directors would need to lie down after seeing Nanoco's balance sheet?

Wouldn't surprise me if STMicro put serious pressure on the company to settle.

Because I reckon Blockchains is close to the administration and couldn't resist getting a buzz from hinting at a development requiring an RNS. Also, it would seem appropriate for an asset sale to be completed in four weeks/by the end of Q1.

I guess we'll have to see. My heart is telling me shareholders won't get anything. My head disagrees.

Blockchains sets up an account yesterday to make one post on this board hinting that an RNS is coming. Strongly suggests he/she has some special knowledge.

Wouldn't surprise me if the administrators had put a timetable on a sale of most of the assets for end of Q1. Guess we'll find out on Tuesday.

Why? Have you heard anything about the administrators completing a sale?

What about the PR campaign in the middle of the litigation? Surely more crass?

An indirect criticism of BT from NGR?! I can't believe it.

I agree that it's crass but it's far better than most of the copy and paste articles out there. Enjoyed reading it.

Lol it would be close to a 200 bagger from it lowest point.

The problem with IP though is that it's so difficult to know it's value. The Axial Flux IP could sell for £50m but it could also sell for £500k.