Member Info for Nanonano

Well the Chairman hardly needs the cash, he will be a multi millionaire from his Dialog stock sale alone.

....oh and yes 1 year, which came up end of April I believe.

I've not seen any further information about the 2nd JDA.

Are some here thinking the company will simply liquidate its assets or sell up if a no vote prevails? If so, that is assuming a lot.

Firstly if the vote fails to get a de-listing, even with the costs of maintaining a listing the company still has two perhaps three years cash, secondly the last attempt to find a buyer ended only a few months ago with no offers, so where are they supposed to find a company to sell to?

"no involvement from the inventor of its IP."

Surely that's been the case since he retired?

Is commercialisation delayed or never to materialise.

Essentially Nanoco has been used as a cheap R&D facility for major OEM's, subsidised by shareholders equity to develop products that are ultimately made elsewhere sans license.

The big damage was done when the board chose to hand £33m back when it's future revenue hinged on a sole product. The time to release cash was when they had a product on the market with recurring income, but they wanted to keep their jobs.

Spin it how you wish TW, but if Nigel believed there are good things to come then it's the worst possible time to sell your stock

I don't believe that Nigel's retirement was entirely down to a desire to spend more time on the golf course.

The company has twice sought a buyer, and apparently has not received one. Whether some discrete offers have been made off the record under certain criteria being met is open to specualtion.

There's been two failed attempts to take control of the company already.

"You don't look like a 'normal' retail shareholder to me. "

Is that directed towards me?

Nanoco situation has been uncertain since STMicro walked away. They went for a sale, no dice. The Shoei litigation has really thrown fat on the fire, as it means no more revenue from display. The board have the nerve to paint the LG settlement as a success, even though it directly resulted in the Shoei action, which not only wiped out the LG settlement and some, but also demonstrated the company lacks the resources to challenge infringers.

Someone mentioned with JDA money, they are burning through about £2.5m a year. Removal of listing costs would shrink that to under £2m, so should extend cash to a four or five years. However that's at present costs, assumes the JDA(JDA's?) continue and discounting any costs involved in scaling up for production if they actually managed to secure a contract of any volume/value.

I should start thinking about what will happen with Nanoco if they lose the vote.

"suddenly you have a cash balance worth double what you paid."

What you have is a company burning through that cash until they win some business, they're proven themselves excellent at the first part, lousy at the second. What's the value of Nanoco's patent portfolio post Shoei litigation?

With regards to the Hamoodi challenge, the company was in a very different situation to present. The STMicro contract was still in play with commercialisation imminent, the second tranche of cash would see the company in rude financial health, and the board also presented over half a dozen companies Nanoco were working with, most of whom were later dropped as unprofitable.

Now much of that cash is gone, along with STMicro and the display market has been sewn up by Shoei. Remaining is a JDA with an unnamed Asian chemicals company for a material that may or not make it through development.

Any explanation beyond Nigel being deeply unhappy with the latest move by the company is stretching credulity.

He held his stake for years.

Obviously a few on here betting on a quick bounce to sell into rather than any kind of longer term holding.

Can't see Nanoco lasting regardless of whether the company is public or private.

This vote is bit like when the school bully gives you the option of a punch to the face or a kick in the balls!

I wonder simply how much of the original post STMicro breakeven strategy was based around a successful conclusion of CDX, rather than sales of material as some/most might assume?