Member Info for Trisor

UG what you have done is applied a cash burn for the 6 months till 30 June to the rest of the year despite the company telling you that cash burn is sustainable . You may be correct but you may also be not.

Nanoo please can you post the email response?

Well done chap. It’ll probably rank the minute I invest!

And we are going round in circles UG.

If the money is up in 2 months, then presumably Lansted should now sell everything. There is no guarantee NNN will get the votes necessary to continue things. Company could go bust. If Lansted sell now they will make a million. Not bad. But as things stand today , that’s not happening because like some of us (not you) they invested in an idea they thought had legs and they know if they sell now and things do happen here ( I know you don’t think they will) they will be burnt.

I think the cash burn is lower than you think (the company has told us it’s sustainable). But we will find out soonish. Of the 325 how much is salaries? Duffin is 17 ish.

Jeepers UG. It’s precisely because they would lose money if the average was higher that in order for them to sell all we’d have to be close to defcon 5. We should absolutely all watch this bearing in mind that Lansted will continue to sell a percentage per month. There’s probably about 18 months left on the deal . Their holding has dropped 1 percent per month

Can you provide the figures for the 290 k monthly cash burn since 1st July 2022 please

And that’s why I would worry more if they dumped the whole lot rather than hedging as apears to be the case, because it would be a sign that they had lost all faith in nnn and were prepared to cash in now and expose themselves to the risk the company doesn’t go bankrupt

Let’s go further …make the average 2.5p because Nnn land something incredible. Go on humour me

They can’t sell all today because they will have an exposure on the upside .

UG I get it - you don’t.

If they sell all their shares today and the average is say 1.25 what’s their liability ?

And finally can’t see where you get the 290 a month cash burn from. It can’t be from salaries or lease liabilities. So what is the remaining amount after these sums being spent on (deducting legal fees, patents, marketing etc) ? Do you know? And has it recurred since July 1st 2022?

Here is another Q and A

Can Lanstead benefit by the share price being lower than the 0.7333p BMP, rather than going higher than 0.7333p?

A: No. Lanstead makes more money the higher the share price is. Through the sharing agreement Lanstead shares some, but not all, of the upside when the share price appreciates with nanosynth. The sharing agreement is an incentive for nanosynth to perform, thereby benefitting all shareholders including Lanstead.

If the share price over 24 months averages double the BMP (i.e. 1.4666p) then the Company will receive double the initial Lanstead subscription of £2,942,500 (i.e. £5,885,000 instead of £2,942,500 million). If the share price over 24 months averages half the BMP (i.e. 0.3666p) then the Company will ultimately receive half the initial Lanstead subscription (i.e. £1,471,250 instead of £2,942,500).

The projected outcome for nanosynth is contractually clear and the value of Lanstead’s investment is greater if the company’s share price is higher.

It is important to note that Lanstead participates in the majority, but not all of the upside in any future nanosynth share price appreciation. The bottom line is that Lanstead makes more money as the share price rises and does not derive any advantage from a decline in the share price.

UG I’m not sure you have it after this conversation . Read the Q and A. Why wouldn’t they make money if the price goes up? They’ve sold their free 37 million shares for starters. Free money. They are currently paying for their allocated shares at a discounted rate from the subscription price and the benchmark price . They’ve got shares on the cheap. But if the Sp goes up they stand to make an absolute killing.

Please do read the Q and A - that’s all I have to go on. I don’t have the actual agreement.

My take is if they sold everything today at todays price ( you say they can’t but the q and a says they are free to sell) then they could have exposure because they would have to pay at a higher monthly rate thereafter on a higher Sp.

Obviously if the Q and A is wrong or badly drafted then so be it

And this- they have been issued their shares

Q: Is Lanstead entitled to invest monthly at a fixed discount to the prevailing nanosynth share price from month to month?

A: No. Lanstead will be issued and will immediately pay for the 535,000,000 shares it subscribes for at 0.55p per share. The number of shares issued to Lanstead is fixed and does not change. However, the amount from Lanstead due to the Company under the sharing agreement is adjustable upwards or downwards at each of the 24 monthly settlements that follow. For example; the approximate amount in any particular month will be 10% more than £122,604 if the share price is 10% higher than the 0.7333p benchmark price (“BMP”) or 10% less than £122,604 if the share price is 10% lower than the BMP.

This is all I have to go on UG which I take at face value

Q: Can Lanstead trade its nanosynth shares?

A: Lanstead has a demonstrable track record of being a longer-term supportive shareholder to its investee companies. Like any institutional investor Lanstead only invests in companies where it can see strong potential for share price appreciation.

Lanstead is free to buy and sell shares just like any other shareholder and it is required to disclose movements of >1% as a significant disclosable shareholder. Unlike other shareholders, Lanstead has an uncapped commitment through the sharing agreement to remit amounts each month to nanosynth based on the prevailing share price. Therefore whilst Lanstead may take a profit along the way (like any shareholder) and cover its downside risk on the investment (just like any shareholder), Lanstead also has an incentive (unlike other shareholders) to maintain a significant on-going shareholding because of its uncapped exposure on the amounts due to nanosynth over the 24 months of the sharing agreement should the nanosynth shares appreciate.

Re your last post UG. They had 1.8 m as at July 2022. I agree if they’ve spent all its a problem. They’ve got something in from Lansted on top, now have the 400 k. Duffin gets say 16 k. He will be the top earner. The rest won’t get masses given what they are contributing/ non exec status. But if you have the figures for everyone’s salaries please share

UG you really are disingenuous . You are telling us that NNN is running out of money. NNN is going bust. You then say Lansted can’t sell their shares when they can but all their shares have been allotted /issued. They got 37 m free shares…which presumably they could sell.

Are you saying they don’t have 480 m shares left to sell now because the rns says they have 17 percent of 2.9 b. ?

The question and answer says Lansted are free to sell but are incentivised not too.

UG you are making assumptions about a whole heap of stuff without figures for year ending 31 December 22. You are making assumptions about the Lansted agreement. Im not saying you are wrong. But I am saying that I’ll base my financial assessment based on the reality. If there is kit and equipment this may reflect at year end. I just don’t know but to spend 2m is some ask. Salaries are modest. There will be legal fees, other professional fees , R & D. All I know is the interim says cash burn is sustainable. I’ve taken this at face value.

Haven’t seen the full accounts specifying precisely what the June 2022 figures are. It was an interim

They had net assets of 3.7m as at June 2022. How much of that is goodwill I don’t know .