Member Info for Nanonano

"Anyone aware of what happened to the medical applications of QD's? "

Kicked into the long grass.

Well if they get a sale at or above the valuation given to the company IP, they’d more than double their money, not bad for a years investment or so.

I recall the last CEO said going to the market for more cash wouldn’t result in a favourable outcome.

Sadly that's symbolises the poor risk management of the previous board. If the tender offer and subsequent buyback had been delayed until the company had some firm evidence of recurring orders, then the company could still have offered some money back to shareholders but kept a few more million in reserve.

I think we have a much more capable CEO now, but now its simply a case of waiting to see what offers come for the company, any opportunity for independence ended last July IMO.

Unlikely to hear much from LG (unless a settlement is done) before August. https://tinyurl.com/jwn6wdbt

Also as we learnt from the interims it was Apple that was the customer to STMicro, so twice they've dropped the ball.

A wonderful CEO who sold most of his stock following a bullish interim, shortly before it crashed to all time lows. Never bought back in either.

Company he lead post-Nanoco faired no better.

Under Edelman the company was burning through a fortune every year, not a very sound strategy when there are no clear contracts. Time and time again contracts or JDA’s were cancelled. Costs were kept under a much tighter reign under Tenner, but he handed back a very large chunk of cash via the tender offer when the STMicro contract was exceedingly risky. No doubt in my mind LOAM had far too much influence over the board, at their peak holding they were only a couple of percent below the threshold of having to make a takeover bid.

As an independent entity, Nanoco have blown it, now it’s simply a matter of seeing how much a larger company wants to pay up to absorb its IP.

If the previous CEO's had done a grand job, the share price wouldn't be where it is.

I suspect the litigation is a negotiation tactic to encourage a sensible bid from LG for the operational company. The Korean display industry has been encouraged to consolidate to compete with the Chinese OEM's.

I have posted about this previously. There are various stories floating around, one says the QD substitution applies to QNED evo range and assumes non evo QNED is using QD’s.

Is this a smoke screen by LG to try and reduce any potential infringement award? I don’t know.

There are of course the QD laptop displays .

“ £10m that would help them reach commercialisation much faster.”

How? If it was simply cash holding them back, then spending £33m on a tender offer and buyback would indicate gross mismanagement. It’s the lack of an addressable market that is resulting in a lack of commercialisation. This is partly down to infringement in display, and partly down to delays in the introduction of QD based infrared sensing, all assuming the latter are ever adopted in mass market products.

The latter is still of concern to me, if there is such a large untapped market for such sensors, for STMicro to throw in the towel on QD sensors when they had years of R&D and what looked like a clear lead over competitors seems a very strange move IMO, unless they have something else in play, or have other concerns with their viability that we are currently unaware of.

The company was poorly run under ME, he blew through wads of cash, the CTO publicly stated they had too many irons in the fire and weren’t focused enough. The communications were dire under both CEO’s , it seemed to improve under Tenner, but then it subsequently transpired he had his fingers crossed behind his back. He was in trouble once LOAM abandoned ship, and hence walked the plank.

New guy seems a lot less no nonsense and more upfront with information, but we’ll have to wait and see what transpires.

At these low prices, there seems precious little interest from the II’s.

the 70p high was not there for long owing to loam selling into the rise as fast as they could having far more knowledge than any pi.

this came on the back of a thin as *** paper rns designed to create a spike in the share price following on from months of company sanctioned communications forecasting revenues of between $250-500m, which would have pushed the company value well north of 70p per share.

of course we now know it was all just wishful thinking, rather like projections of £200m. hopefully not too much longer to find out what any buyer really thinks the company is worth.

I'm inclined to think that great deal of IP leaked out of Nanoco via the Dow partnership. Their employees would have known every detail of how to make the dots at scale, and having invested tens of millions into a facility it was mothballed by the company with it seems little interest in taking on the OEM's who then went on to use materials infringing the IP they had licensed.

I wonder if those employees then went on to work at Hansol or Nanosys?

Well those buying in at present levels are likely to do well, unless something goes terribly wrong. For longer term shareholders this company has not realised it's original potential.

Clearly the more bearish view that the company is unsustainable as an independent publicly traded entity is correct, otherwise they would not be actively engaged in looking for a buyer.

What is the agreement between Nanoco and their legal team I wonder. No win no fee?

I don't know, Emberion is one that has been mentioned, hopefully there are others.

Well yes, much would depend on what the likely hood is of sensor tech and a further business in display e.g. Chinese display OEM's adopting cadmium free QD's- they seem to be hitting bother with their QD free QD displays.

A couple more JDA's and cash burn could be considerably reduced and with some relativity small supply contracts to the more niche sensor companies like Emberion, cash flow may turn at least break even.

Well we can say they're solvent and debt free.

A better outcome is likely if there are two or more bidders seriously interested in acquiring the company.