Member Info for NGR1616

Aren’t we due news on this around now?

I am not saying he’s done everything perfectly but you simply can’t influence these corporations decisions and suggesting otherwise is naive.

Your word salad doesn’t change the reality you can’t alter the decisions of a company the size of ST anymore than you can that of Apple when they are making strategic decisions of this magnitude. You’re suggesting BT should have gone to the CEO of ST and done what exactly?

I think you are living in fantasy land if you think the CEO of a minnow like Nanoco can influence the strategic decisions of a company with over 50,000 staff and a mcap of over £20bn

H1 2028 is the InAs target for production….

My suggestion to cut costs is so that the company remains a going concern by the time the Asian customer development cycle ends. I’m absolutely not suggesting we switch the lights off. There’s work to be done with the fab and in display but it needs to be done within a reduced monthly spend.

2019 cost base £11m

2020 cost base £8m

2021 cost base £4.8m (trending below £0.4m monthly)

2022 cost base in line with ‘21

I doubt they can reduce much below £0.5m per month but maybe they can. They need to achieve that at least.

BT will rescind his resignation and take on his next challenge….cost reduction 🫣

It’s easy with hindsight to call this. I was working on the basis ST and Nanoco were heading towards commercial success. I ignored the risk they would pull the plug. More fool me. Same happened with the US customer. Fool me again or don’t or something like that.

BT did not say he wasn’t interested in the way you suggest. That’s an over played twist by you on what was meant.

I was merely pointing out that instead of not being aware of the risk as some suggested, the company had flagged it previously!

Why would I be having a P45 issued to me? Are you still peddling the fantasy I’m paid by Nanoco?

Stay off the Kool-aid.

Mock me all you want. I read the situation wrongly.

Kooba if you took off the current hat that fits and look at it from another perspective, I.e. ST didn’t cancel the project, further Gen 1 orders had been received rather than trading updates flagging concerns and we continued to the path of BE in CY25 one could argue the company was delivering.

Unfortunately that’s patently not the case but for reasons outside of their control - a risk they have identified before that sadly some of us didn’t take onboard. Including you unless I’m mistaken who took a cash value view of the company. I’ll say it again they need to slash costs and that right soon.

Sounds more like TG2D is advocating we all prepare for Armageddon and Nanoco should have seen this coming and never had a Christmas party. That's how you attract talent these days!

TG2D I think that in suggesting they structure the business as if it were to fail is again being disingenuous. They had a contract that they believed was going to deliver. Now that circumstances have changed I expect an announcement soon in relation to a restructuring that will dramatically reduce the running costs. I note no transaction in own shares today...

Terrorwit is not my mate Kooba. He is/was simply on the same side of the argument against it seemed everyone else. Both of us were supportive of the board and it's strategy and had ST delivered as the company clearly expected, I was confident in my position. Most people viewed the Samsung settlement as poor--I/we didn't, sides were taken, swords were drawn and an online battle commenced that has raged for years. So there's a solidarity built in those circumstances and I make no apologies for it as I'm sure you wouldn't either.

Sadly and somewhat ironically (save for those who are uninvested) all sides of the field were burned by the news on Friday.

They notified us of the risks of decisions being made in eth supply chain out with their control. I literally quoted it earlier but I'll not call you pompous for not recalling every single piece of published information. What would you like them to say, if the ST agreement is prematurely cancelled without warning we will cut costs accordingly? Well I'm sure that is exactly what they will do.

Well then perhaps we need to have some confidence in their 8 or 9 customers (7 or 8 is it now?) delivering.

They were honest about the risks TG2D. It's in the presentations and company accounts. It's human nature to take a view on risk as I did by gambling on it being just a matter of time before ST delivered....they didn't.

I can't recall anything about 7 or 8 customers. Is this Trump style lying? Perhaps you could point me to that statement?