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Kooba has now fully unravelled. He's calling me an idiot while admitting, in the same breath, that he's guessing about the confidential terms — and even offering his own speculation about a non‑compete clause. He can't see the contradiction: he's doing exactly what he accuses me of.

But they did explain. They announced the settlement, the cross‑license, the three‑year term, and the confidential terms.

They're not going to give a running commentary on commercial negotiations or disclose confidential terms. That's not how it works.

Just because you don’t understand legal business language doesn’t mean to say there’s no meaning. And just because there’s no headline, doesn’t mean there’s no change.

Kooba

Due for your question, here is my answer the three‑year term gives both sides time to:

· Scale their respective businesses without litigation.

· See how the sensing market develops.

· Gather real data on sales volumes, margins, and IP value.

· Negotiate a long‑term licence from a position of knowledge, not speculation.

If Nanoco's sensing JDAs succeed, the value of its IP in that field becomes clearer. If Shoei's display business continues to dominate, the value of Nanoco's patents becomes clearer. At that point, both sides can negotiate a fair ongoing royalty based on actual performance — not guesses.

Feeks, if you can answer the questions I asked Kooba then I will be equally interested in what you have to say.

What precisely do the confidential terms contain? And what's your read on the three‑year limit?

I'll wait.

Kooba

Since you're so certain, what do the confidential terms actually contain? I’m asking for a precise answer not a vague fudge.

And - what's your read on the three‑year limit? Too short? Too long? Just right? Do you even understand what it’s for?

I’ll wait.

A cleared path in sensing means the JDAs can now scale without the risk of being blocked by Shoei's patents. That's not a promise of revenue — it's the removal of an obstacle.

Whether they execute is up to them. But pretending the path being cleared is worthless is just as speculative as pretending it's a windfall.

Kooba and Nanonano are declaring victory because there's no headline number.

But the agreement clears Nanoco's path in sensing for three years, and the commercial terms are confidential. That's not nothing. it doesn’t mean there are no royalties. It means they’re not telling you and it means that you still don’t know but you’re still pretending you do.

You can call that a loss if you want. I call it a cleared path. The accounts will show the value eventually.

Kooba, since you've insulted me again, I'll give you the honest answer you asked for.

I think your true reason is that you've built a life of performing sophistication behind the safety of your keyboard and anonymity. You persist in arguing with anyone who brings genuine knowledge because it hurts your pride to admit you don't know.

That's not analysis. That's performance. And it's been running for years.

The rest of us are waiting for the final agreement. You're welcome to join us when you're ready to stop guessing.

Https://shorturl.at/qwOWB

While the forum spent the week arguing about display and guessing about deals, Nanoco's team was at Image Sensors Europe — the industry's leading conference — presenting, networking, and building the future. Julian Schneider was on a panel. Jai Subramanian (SWIR) was there. The company is actively engaging with the sensing industry

We know only a few things. No one on the outside knows any more than these:

1. LG paid $5m for infringing Nanoco's patents.

2. Shoei behaved in court proceedings as if under extreme pressure.

3. The companies have agreed not to sue each other in their respective preferred market categories.

4. Nanoco's patents have significant proven value.

What we don't know is the value of Shoei's patents to Nanoco, if any. We don't know if Shoei wants to sell sensing products or if Nanoco wants to sell display products.

Posters trying to draw conclusions now are trying to calculate too many unknowns with too few simultaneous equations. When I was at school, this was impossible.

I'm waiting for the company to tell us.

Anyone pretending they know in advance must have their own reasons.

Kooba's view is clear: there's nothing material beyond what's already announced. No royalties, no ongoing payments, no further value.

My view is that we don't know yet. That's why the company said "other deal terms" are being negotiated.

We'll find out more when the final agreement is announced at least insofar as the company feels able to disclose without breaking commercial sensitivities .

Until then, it's not about who's right — it's about who's guessing and who's waiting.

Sammy88, fair enough — I wasn't aiming for insult, just observation.

You asked what he thinks the other deal terms are. I've been no waiting all week for his answer too.

Kooba doesn’t know. He’s guessing and then trying to drown out anyone who isn’t.

Feeks says: "TW now puts enormous value on the deal terms."

I've never said "enormous value". I've said the path is cleared, the cash is there, the JDAs are moving, and we're waiting to see the final terms.

If you can find where I said "enormous value," feel free to quote it. Otherwise, you're arguing with something I never said and we won't make progress.

Nanonano says he doesn't recall any mention of Nanoco needing Shoei's sensing patents before the RNS.

That's why we rely on the company to do the research. Now we know the path is cleared, but we don't know the technology well enough to understand the potential consequences Shoei's patents may have had.

We'll find out more detail when the company tells us about the arrangement with Shoei. But let's not forget: LG already paid $5m in damages for infringement and they're still producing using Nanoco's patents. The obvious implication is that there will be ongoing licence fees paid to Nanoco.

Bachatanut, I can't give you a percentage. No one can. What I can tell you is that the company now has a cleared path in sensing, cash in the bank, JDAs moving, and no litigation overhang. That's the best setup it's had in years.

If this works, it will likely be a steady recovery in small increments — progress reports, JDA extensions, sensing news. However, we don't know the final Shoei terms yet, I’m optimistic about that since during litigation Shoei’s behaviour was typical of a distressed party

Bachatanut, you asked a genuine question. I'll give you a genuine answer.

I've never provided positive spin. I've provided level analysis and corrected misunderstandings when they've been either too pessimistic or too optimistic. Now tge cash is there, the litigation is settled, the sensing path is cleared, the JDAs are moving. The only comment I've made about the future is that everything will be okay if they execute — and that's currently still in process.

I'm watching what's in front of the company. Some of the others are looking in the rearview mirror whilst driving in the dark with their lights off.

Kooba says the patents are losing value and the cash is running out.

But the patents have already generated a nine‑figure settlement — that's payment for IP, not a sign of weakness. And now they've produced a cross‑license that clears Nanoco's path in sensing and will likely generate future revenue in sensing. That's not losing value. That's being put to work.

The cash is £15m with no debt. At the current burn rate, that's three years of runway. That's not running out. That's time to execute.

The only thing that's running out is his list of arguments. We know this because he keeps repeating the same tired bear points whilst ignoring that the litigation is settled, the sensing path is clear, and the JDAs are moving.

He can keep claiming there's nowhere to go. I'll watch where the company actually goes.

Kooba quotes Santayana: "Those who do not learn from history are doomed to repeat it."

He's using the quote to warn against ignoring the past. But he's the one repeating it — same loop, same arguments, ignoring that the litigation is settled, the sensing path is clear, and the company is moving forward. These things didn’t happen before.

The past is done. What comes next is being negotiated

I'm waiting for the future

Kooba is cycling the same loop again and again. Anyone can analyse the past — even Kooba.

But people who analyse the past over and over find it impossible to objectively analyse the future.

The past is settled. The litigation is over. The sensing path is clear. The JDAs are moving. What's being negotiated now is the structure of what comes next.

You can keep repeating the history. I'll wait for the final agreement.