Member Info for Nanonano

"JDA1 is geared to lead nano to production in 2028, admittedly they will need funds in addition to the runway they have now to gear up but this is not the distant future it's 2 years or less."

I believe that the proposal that Nanoco will be match fit and ready to go into mass production in a couple of years is unrealistic. At best this company is an R&D specialist, and any chance it has now is either to be bought out either before during or when the current gen 2 materials are developed- assuming they can find a buyer, which has eluded them to this point.

The company has been at pains to point out repeatedly over the years how much it believes it's IP is worth, but it doesn't attract any bids.

I'm not sure what direction the current group who are buying in at these levels are expecting the company to take going forwards, listed or otherwise.

I think the outcome of the vote will largely depend on the bigger holders, but clearly the days when they could rely on the large voting blocks from LOAM and Griffiths are long past.

Have you considered directing some of your questions to Nanoco?

"Jalal's playbook is deal execution — Dialog was a £4.9bn sale to Renesas"

He was at the helm for 15 years, so hardly a quick in and exit.

Applying the most pessimistic outcome tends to be most sensible with Nancoco, the outcome often tends to be worse.

Look at one indisputable fact- Nanoco have had Gen 1 lead sulphide based dots ready to go for three years at least, because they met all the benchmarks required for production quantities for STMicro back then and produced the first (and only) production order for them.

Don't think they've sold anything much since then?

In order for Nanoco to make any serious money, even to break even they have to make several million, they have to sell materials for millions of sensors when they're looking at 12-15p per sensor.

The defence industry would be lower volume, and although they could probably charge more for such volumes they tend to pay for the higher performance of inGaAs anyway. I've seen no evidence to support they are supplying materials for this area, have you?

If the STMicro contract had continued, Nanoco would be in a far more comfortable position now, but it didn't and they aren't.

I stand by what I said TW.

With the pivot away from SIWR based face ID, I believe QD based SWIR sensing technology won't scale commercially in any meaningful quantity until the 2030's, which listed or delisted will be beyond Nanoco's cash runway.

I think the board are hoping they can find a buyer before that happens, after all they've already tried and failed through 2025 early 2026, so either they have someone in mind perhaps via some confidential discussions or they're winging it and hoping an offer is made before they run out of money.

In all other aspects they seem to be out of options.

The company has I believe two executives left- Jalal Bagherli and Liam Gray and I think perhaps Chris Batterham remains as a non executive director following Dieter and Alison departures in April? Ombretta Masala took over from Nigel Pickett,but doesn't have a board role.

I very much suspect the delisting revolves around a deal for the company, and I suspect it involves Shoei. I also think there's been a falling out between the former CTO and the board an I believe his retirement was more premature than originally planned. I know some will disagree with that, but I beleive his sale of shares has supported such a thesis.

Certainly delisiting carries risk of a complete loss, and the company hasn't managed to achieve and meaningful revenue from commercialisation of it's own materials to date, so it's super high risk IMO.

The saving of £700k would extend cash a bit, but would it really make any difference to the outcome if current JDA's failed to materialise into meaningful business as they simply wouldn't have enough cash left for any further development. Staying listed will certainly accelerate cash burn, shutting everything down and reverting to shell company would take time, require a vote, so nothing simple there

I have the impression looking at wider developments that SWIR sensors in consumer products are still rather further out than the company would like to admit, as I believe under display Face ID has found another technological route to market, and other sensor markets will take longer to mature, likely into the 2030's.

The former CEO said he was more confident than ever about SWIR sensor technology last November, but then promptly resigned a few weeks later and is now working for a company in the Solar film business.

And the Pope is a Protestant.

Anyone looking back at my posts will see your assessment is inaccurate.

I think you only have to look at my past posts to see I'm not in full agreement with TW.

I have other stocks, but they're steady growers and don't invite discussion. I have no connection with the company other than being a shareholder.

He's got nothing to do with the company, don't why some are punting this myth about.

If volume supply was expected with the next year to eighteen months, wouldit not be seem strange to-

1. Seek a delisting to preserve cash.

2. State a breakeven in the medium term.

There area few vocal posters who have arrived here recentl, no doubt entering in at 2-3p range with an expectation that the share price will quickly bounce back up to 5p plus if the company fails to win the support it requires to delist, and repeatedly telling everyone how they must vote against the resolutions, or making bold statements about how he company will certainly sell.

I personally believe if there is any potential buyer of the company, they’ll only be interested if the development of Gen 2 materials achieve their benchmarks, and that is likely to be two years or more away.

Then there is the cash left, probably a little under £10m by now. If the company was wound down, you could expect a chunk of of that to go once you’ve paid off the workforce, sell the IP you say, well they’ve tried that already with the CDX process, and after the Shoei result any value there to a third party is likely to be in sensing, which is still an undeveloped market.

The licensing model has not worked out for Nanoco to date. Moving to in-house production was introduced but logistically production in Runcorn must be a headache for an Asian customer.

They had more cash back in November. The Shoei litigation took a big bite out of the cash remaining, more than wiped out the LG settlement. The company had little choice but to face up to such a challenge, but it did look like Nanoco were humiliated by the outcome.

Will give them a little more time e.g. a few months of extra cash for sensor material development.

Not much of a choice is it. Even assuming they manage to complete development which should be feasible provided they don’t hit any serious issues or the Asian customer exits, but I’m not convinced they’ll have the cash to fund production.

The interims said-

“We are also in discussions regarding a potential extension to the JDA with the second Asian Chemical Customer.”

I think we all know it’s a maybe when the word potential is used.

What would be the cost of a solvent liquidation cost though, redundancy for staff and remaining executives. Uncertain what the value of remaining IP is.