So im prepared to say im doing a full 180 on this one. To admit that manufacturing masks is now not financially viable makes sense, also with the lack of demand it also feels sensible to write off stock. The new businesses strategy should in my opinion find the quickest way to accelerate development and "commercialisation"! "the imortant bit".
Pleased to see they are applying for the relevant patents in the 7 areas. This will protect IP and cost im guessing no more than around 50K, although Im not an expert on costs have a rough idea.
Also either selling the nano material on conclusion of the partnership and/or accepting royalties from sales of the developed product is simple but effective in terms of increasing revenue.
What we'll end up with is a company that becomes an expert in the field of nano tech application as it will be courting so many different sectors. Surely this will accelerate its own knowledge and expertise in this novel area.
Don't get me wrong im aitting around 70% down and would consider myself a long suffering holder.... But to me while todays RNS isnt obviously going to excite everyone as its unlikely to have an immediate effect on share price, its the clearest and most exciting strategy ive seen from RMS/NNN.
Happy to stick this in the bottom drawer for the next 12 months and much more confident ill see a return one day.
Probably good money to be made at these levels over the next 6 months, but for me it will take much longer.
If we could get the entry point right we'd all be loaded.
By the way.. A verical is just a name used for a sector or business that you have a product to sell into.
GLA and DYOR as always.
Joking aside. Volz are a pretty big player in the area of filtration. Their product is well priced against the competition too. If they can integrate nano-technology without massive increase in cost and there are clear, proven anti-viral benefits this will properly take off one day. The UK market for filtration is a multi-million intustry. Panel filters need changed regularly and always will. GLA long suffering holders.
Nee naw nee naw. Someone call the pump police. We need an extra 3 riot vans and some dogs to get this to 3p.
Great stuff. Thats the kind of action we want to see here. Not an expert in medicine or radiology but this tech does feel like it has potential to revolutionise process. Hopefully the market wakens up to the potential here over the coming months.
I was thinking this very thing a few minutes ago. Is is possible that this business is wound up this year. Like a few others have said, it appears now to be nothing more than a cash shell. The business has, to date, yet to deliver on "any" of its strategic objectives and from my own perspective, they have failed to deliver a tangible product that will generate revenue for the business.
Feels like last chance saloon, and I genuinley believe that an SA is the only way forward for this business.
The lack of any update from the Volz partnership worries me too.
Its a bear market and companies without anything to sell and no clear strategy are valued as such, particularly in the actual or "perceived" healthcare sector.
Its a shockingly poorly managed business from a PI perspective but we only have ourselves to blame! Come on NNN, deliver something.
Award for most short lived rise on 19/05/22 goes to...........
Really hope some kind of positive traction is pulled out of the bag prior to the finals. I don't have much hope personally other than updated cash burn, depleted reserves and form of words that promises some kind of future strategy. Jam tomorrow. Really hope im proven wrong, but the silence is deafning and that last non-event RNS was a real confidence sucker.
I see JHFH. Thank you.
I will save the excitement for another day, which I have no doubt whatsoever will come in good time.
Looks like we are finishing blue today.
Think I need to go for a lie down.
Likewise, 0.72 for me so timing not the best, but the coming weeks/months sound interesting. GLA.
Rare, cant decide if you are a bit daft or a troll, however, theanalyzer above has explained this simply. These are the facts. Pre-pack deal that avoids taking on pension liability is highly likely. Sharehokders get nada in these situations.
Give it a rest.
Not as long as permanent
Hahahaha. Indeed. Just spat out some tea.
Excellent summary. Thank you.
Indeed. Dead in the water I fear. Loads of wind from them then nothing.... Just silence.
Indeed. The spread has the been the widest its been this year since Friday.
Good morning indeed!
Looks like a good day for pharma in general too.
Quite happy that I topped up yesterday and got my average down to a more manageable target! Some luck for me for once! In terms of progress thats an excellent RNS and its been interesting reading JHFH and others take on it today. Personally id rather a slow and steady 4% every day than a jaggy 20 only to retrace as PIs cash in.
Excited to see what the next 12 months bring. Gla.
Fair point. Had a quick flick through some posts on that group. Seems there is a belief by some that if they vote for the wind down then their outstanding balances will be scrapped. Not the reality it seems. I think the noisy minority will likely be at play here.
Redinky. Wish you the best of luck, and lime others have said the price till May will be driven largely by PIs looking to make a quick turn. As you say you can do all the research you think is possible and still gwt the entry point wrong. There's no point in moaning though, thats investing. Sometimes you get the entry point right, sometimes you get it wrong. Patience is key. However, never take advice from someone on a BB and if you've made a poor call entry point wise then good luck and hopefully with some patience you'll get out unscathed in a number of weeks.