Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Radium is back!!! Not surprising.
Don't take my word for it, check the posts for yourselves.
When there was a White Paper leak, Feb 2021, Radium immediately pounced on it on the trmr thread, suggesting TLY are finished.
https://www.lse.co.uk/profiles/radium1/?page=33
Have a read on Trmr thread yourselves. Today, he's done the exact same!!!
In July 2021, he was trying to persuade readers here to sell and buy trmr at 815p, whilst I was posting company/sector newsflow and red flags. He was suggesting TLY are doomed etc.. His trmr is now around 300p based on the red flags I warned about.
Clearly a bitter troll who can't accept responsibility for his own huge loss and stupidity and not reading the obvious red flags.
Read his posts -14/07/21 at 08.19.
https://www.lse.co.uk/profiles/radium1/?page=22
Dynaheir,
The Employee Benefit scheme was originally rns on 10th January.
The HSJ publication was today.
If the BoD had known about it then why not correct it beforehand and not spend money on issuing a rns to correct it afterwards.
HSJ made similar mistakes before, only 15 months ago.
In Oct 2021, HSJ published a story which was factually wrong. TLY issued a rns to clarify it.
https://www.sharesmagazine.co.uk/news/market/LSE20211005155731_4134368/statement-re-publication-in-health-service-journal
After which HSJ deleted the story.
HSJ should ensure their articles are factually correct before publishing them.
Absolutely. The contract, announced 5th July 2022 until 31st January 2023 and so is ending as per the contract.
https://ir.design-portfolio.co.uk/viewer/100/39254
The calc below is based on assumption of $200m to $500m settlement with 20-50% sliding fees.
Basic business is to make money via the easiest route. If the backers are offered a settlement which meant they could receive, say $100m (50% on $200m 'lower' settlement) now as opposed to $100m (20% on $500m 'higher' settlement) then what would anyone with a little bit of common sense do.
Accept $100m now whilst it's on the table or accept $100m MAYBE sometime in the future...
$100m now or $100m later...It really is very basic SIMPLE logic...
Troublesome,
No one has all the facts, that's the point. Everyone can base their opinion on the info in the public domain, which to points to Turcan, ex-NED knowing what parameter the company are working to, hence why I believe Lombard were selling significantly since the settlement announcement.
The fact the company has said 'lower end' of range when the very high expectation was of an easy win in court with 'high as' $500m award, tells me the backer is trying to get their fees via the easiest route, which is common.
I think a settlement around $100m net.
I think they are a gamble +/- 50% on settlement agreement news.
If no settlement agreement and if backer walks then the sp could go below 10p.
Ginodog. You really should accept responsibility for your own losses on trmr.
I posted the red flags and said 'best to trade' as the company sp has a history of rising on bullish comments and falling on events, which is exactly what I did. I continued to post the red flags, which is exactly why they have crashed. The fact you chose to ignore them is your own fault.
Do try and be honest for once
Readers can read my posts and form their own opinion
https://www.lse.co.uk/profiles/stt1/?page=11
I think Lombard is the key here.
Based on the facts I posted in this message stream on Fri pm, re-posted here:
"Turcan, Lombard fund manager, appointed as NED in Aug 2021.
Several sells by Turcan last year.
Company announces 1st court date of 12th Sept 2022.
Turcan resigns as NED on 12th Sept 2022. He requests to leave immediately.
6th Jan 2023. Company announces settlement agreement.
Lombard sells heavily.
Lombard continues to sell heavily this week.
The shares have not been suspended. "
I think:
Samsung approach Nano BoD
Backer see the approach as a good opportunity to get fees via the easiest route.
BoD hands are tied so they have to agree to settlement agreement talks, otherwise backer will walk away, leaving Nanoco with fees to pay and having to find future funding for further legal action.
Settlement is lower end because it's what Samsung offer and backer want's easiest way to get their fees.
Turcan knows what parameters the company is working to and what they expect.
Lombard sees 'settlement', so not towards the higher '$500m' or even near the middle, as mentioned in the media. They sell from Friday onwards.
Readers can form their own opinion.
This is Ginodog's posting on Trmr goading, personal abuse and enticing the gullible in, when sp was around 800p, whilst I was warning to read the facts, the company/sector newsflow.
What happened Ginodog? The sp crashed to around 300p today based on my warnings/red flags.
https://www.lse.co.uk/profiles/ginodog/?page=5
The term transformational is easily misunderstood by PIs.
The term was used a decade ago and sp was at 190p. What happened?
A net of $50-$100m can be transformational for the company.
"Dow, a subsidiary of the £37bn-turnover Dow Chemical Company, paid an undisclosed sum for the exclusive worldwide rights for the sale, marketing and manufacture of Nanoco's cadmium-free quantum dots for use in electronic displays.
The dots are tipped to be a key ingredient in the next generation of television and smart phone screens and Nanoco will receive royalty payments on Dow's sales of the technology."
https://www.manchestereveningnews.co.uk/business/business-news/nanoco-narrowed-losses-after-transformational-1755467
Kenny,
They are discussing the details. Either party can still refuse to agree.
The settlement agreement hasn't been signed off so far. The backers can still walk as can either Nanoco or Samsung.
If the talks fail then the stay will be cancelled and then back to court process.
If both parties want more time then they would ask for a extension to the stay.
Some facts to consider:
Turcan, Lombard fund manager, appointed as NED in Aug 2021.
Several sells by Turcan last year.
Company announces 1st court date of 12th Sept 2022.
Turcan resigns as NED on 12th Sept 2022. He requests to leave immediately.
6th Jan 2023. Company announces settlement agreement.
Lombard sells heavily.
Lombard continues to sell heavily this week.
The shares have not been suspended.
Henry
"Professional asset managers always take parts of their chips off the block."
Turcan was appointed NED in Aug 2021. He was appointed to One of the reasons for his appointment was to support the company to maximise shareholder value. Yet he was selling before he eventually left in Sept 2022.
He told the company HE wishes to step down immediately.
"Nanoco Group plc announced that Henry Turcan, Non-Executive Director and representative of Lombard Odier Asset Management, the Group's largest shareholder, has informed the Company that he wishes to step down from the Board with immediate effect."
https://www.marketscreener.com/quote/stock/NANOCO-GROUP-PLC-5273194/news/Henry-Turcan-to-Step-Down-from-the-Board-of-Nanoco-Group-plc-41760199/
Longshort/Ginodog,
There you go, rns confirming what I was saying...Despite the 'settlement significant selling', as predicted.
Lombard sold huge amount. Now down to 16% from 19.97%.
Oh, and threshold crossed on, um , Friday..
So despite the 'settlement' there has been SIGNIFICANT selling, as predicted.
;-)
The sp reaction isn't a surprise.
The risks have been in public domain for a while.
The rampers have been manipulating the info and over promising, under stating the risks. They clearly been wrong footed by the 'settlement' but it wasn't a surprise.
With any 'no win no fee' the backers always want their fees as soon as possible and via the easiest route. A settlement is the easiest route to get their fees.
The BoD hands are tied. If they refuse the settlement then the backers can walk away. In which case the company will be left to pay the fees and find funding for future litigation. They can't afford to refuse a settlement.
If Samsung walk then it's a different matter.
The media had already published a 'high of $500m' if Nanoco win the trial, so, by definition, any settlement would be lower.
Turcan was a NED and the fact there was selling says everything.