RE: Proxy votes14 Aug 2023 15:18
HH I think its very difficult to put a dollar value of time and money relative to the alternative scenarios/outcomes.
Firstly, there was absolutely zero guarantee we'd win the Jury trial. I think that is accepted by everyone.
Second, had we won it could have been for a lower value – I think everyone will accept that now although at the time it wasn’t in the front of everyone’s mind. I’m sure it was analysed by the RG’s and LOAM’s of this world though.
Thirdly had we won a large award it would be appealed. I think that is accepted.
Scenario 1 = $0 dollars to Nanoco and a loan note to be paid and no IP validated
Scenario 2= $c50m (correct me if I’m wrong) before deductions for funder and loan costs and tax so possibly close to $0 net to Nanoco
Scenario 3= Suppose it was $1bn we would undoubtably be in for a long fight with no money, a loan note and a need to raise more dilutive money until breakeven and still not have validated IP.
I know that many on here think that we should have liked to have rolled the dice, but I can also almost certainly guarantee you this, the same people moaning now would be the first to complain if we lost the appeal and got nothing, when they found out a pragmatic compromise could have been taken years earlier protecting their investment