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They never announced any results from the previous 4 trials, why would they announce this one? You might get an announcement that REACH certification has been applied for but I reckon that the next thing you'll hear is when REACH is successfully signed off. Just IMO of course.
I suspect the firm won't announce REACH certification until its been given, whenever that will be. Not sure they will RNS every stage (5th production run, environmental report REACH application etc..), although who knows now Muffin and Co have their hard earned invested. As per the last update 5th trial should have happened now.
0.63p = £0.0063
238095 x 0.0063 = £1499.99 ish
You need to recheck your maths there Castle
There are no reported open short positions on NNN, don't even know of any firms that offer a market on shorting this.
https://www.lse.co.uk/ShareShortPositions.asp?shareprice=NNN&share=Nanosynth-Group
The 5th production trial needs to happen (may already have), which will allow an environmental report to be produced. This will then allow the application for REACH registration to happen, once that's done Volz can apply the material to their products. As per July 4th RNS. They never gave a timescale for this though, let's see if the BoD keep us informed.
Any news would have to be RNS'd first, couldn't just announce it at the AGM without informing the market. You could get the general mood from the AGM though tbf, either good or bad.
I'd guess there will be an RNS of some sort before the AGM, but only to keep the shareholders at bay. Probably a small directors buy, or maybe that REACH certification has been applied for. We know a 5th production trial by Volz is happening anytime now, which will need to be successful so that the REACH application can be started. Once REACH has been achieved then Volz can go into production. No idea on timelines regarding REACH but doubt it will be before the AGM. Whatever happens let's hope comns can be improved from the BoD.
The July 4th update RNS states that a 5th production trial will be done within the coming weeks, as well as the REACH application. May get an RNS to update on that before the AGM, or maybe more small director buys just to keep Muffin from getting lynched at the AGM.
Some changes at companies house
https://find-and-update.company-information.service.gov.uk/company/09109008/filing-history
Most update RNS from 2021 mentioned 'heightened interest', 'discussions with potential customers' or similar and nothing came of them so we will see. They need to get this 5th production trial done and a successful application for REACH UK certification first to allow them to produce in bulk. Once that's in the bag then we'll see what the appetite is for this list of ideas they have. Certainly been a lot more confidence around the company in the last few weeks and a good recovery in SP. AGM soon so let's see what that brings. All IMO
5th production trial underway and an application for this REACH UK certification, no idea how long that takes but can't see any contracts or deals until that is in the bag. Maybe they'll release news just before the AGM to keep people sweet. All imo of course.
Maybe another GB Nano company is being created that will be owned by NNN? The former GB Nano / Banburyco Ltd is not part of NNN, its a Duffin co.
GB Nano Limited is now called Banburyco Ltd
https://find-and-update.company-information.service.gov.uk/company/13987504
https://find-and-update.company-information.service.gov.uk/company/13987504
Banburyco Ltd
Changed its name
Company are spoiling us with information now, even GBNano gets a mention. Plenty of jam tomorrow statements, we shall see what happens.
There's no point in buying or selling at the moment. The BoD is a shambles who give you zero confidence, most current holders are probably well underwater there's no point selling. Just got to hope another spike is coming soon to trade it or get out.
I thought Muffin was supposed to be an M&A expert, just read his bio on LinkedIn or go to his other firms website Angel Share Capital. Not sure what this new fella brings to the party.
They've all got their noses in the trough, stealing a living whilst the sp and shareholder value is destroyed.