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Kooba, I'm not telling you what to do with your money! I said 3 options CLEARLY meaning that part of the £30m that WILL come back to buy into Nanoco. Clearly the money that won't come back will pay off loans or pay for nice holidays or will be reinvested elsewhere. I hear you, you won't be buying at these prices - so I guess you won't be posting here for a while.. Not!
I'm just messing with you... And I am always very balanced. I don't know what will happen in the future and will never claim to know.
Havealot
This has been discussed before. Nigel is buying a boat. Or he's not. We just don't know! And no one can explain why he's keeping 7m shares in the company. He could have tendered more than 38.5% so why didn't he?
The other 2 directors tendered £42k of shares. M'eh, small beer so no need to panic.
Kooba, calm down..
3 options. Buy now, buy low or buy high? Seriously, it's not rocket science and is about as balanced as you get. "Potentially dodging a bullet" means buying now to avoid the risk of the option of the SP increasing.
I told you I bought some shares at 21p and sold at 24p. You say that gain is one penny. Mate, I think I might know what's wrong with your company valuation spreadsheet...
Why do I think "a chunk" of people want to buy back in? Be that 10%, 30% or 50%!? Because you are one of them pal! And so is TG2D! Do you really think 100% won't want to buy back? If you do, you are wrong.
NGR, now things will get interesting...
Do people buy back in at 23p and "potentially" dodge a bullet whilst pocketing a few shillings?
Do they wait and hope for the SP to fall?
Do they wait and have to buy back in above 24p
Full disclosure, I don't know the answer - no-one does - but it will be fascinating to see what happens next...
**** WARNING - FALSE INFORMATION ALERT ****
TG2D
It was recorded in the pre tender documentation that Chris Batterham would be selling 69,140 shares - 35.6%
The company rns says he had tendered 69,140 shares over 2 separate transactions. To clarify this the rns says "The sum of the two transactions by Mr Batterham equates to 35.6% of his holding before the Tender Offer, being slightly less than the Basic Entitlement of 38.5% in the Tender Offer"
So... STOP WITH YOUR MISINFORMATION
I can see your game playing, trying to influence the SP down. It has no place on this board. So, STOP DOING IT,
Kooba, don't assume those people who couldn't sell more at 24p will all come back to the market as sellers... A lot of them may have been sellers at 24p because they thought they could buy back in at 16p. Do you think they will be sellers if the SP price is 25p when they return?..
Did I pocket a smaller amount of money than I could? Maybe, but - and this is going to sound controversial - there is a value to be put on guaranteed money today when weighed up against possible money tomorrow...
Does the company owe me? No, I took my own risks back in 2013 and have done ever since, based on my own research. I've had my dark days with this stock, but at this moment I'm feeling positive about Nanoco, whilst being aware of the risks.
What I am also acutely aware of is people who are trying desperately to talk down the share price. I know why they are doing it and you know why. But it's not right. They need to own the decisions they have made and they need to stop barracking anyone who calls them out for what they are doing.
Is it actually possible that so many people invested in this company think it is so bad? This board has a lot of loud and prolific posters who work hard to sow their negative sentiments - and then attack anyone with positive sentiments, or those who shine a spotlight on their intentions...
Kooba, I bought more shares before tender at about 21p. I tendered about 25% ish. I then bought more shares at about 21.7p early last week. On April 25th I will own the exact same number of shares as I did a few weeks ago and have made a little profit - free money! And I own more of the company than I did before!
I've never traded this share in 10+ years, but even I couldn't stop myself from collecting some guaranteed free money. That doesn't come along every day!
The "company valuation" spreadsheet I created did make me consider waiting, like I think you guys are doing, for a potential SP drop but I believe the increased demand and reduced supply of the stock will drive the SP up not down.
That's my logic. I might have been wrong. Only time will tell. As of today I am happy with my decision. I still don't plan to sell any of my shares any time soon.
So my part of the £30m might not be able to come back to the market but I believe a proportion of that £30m will come back to buy back in. Even if it is only third that would be £10m extra buying pressure on Nanoco's SP... it maybe more, maybe less but there will definitely be more buyers here on the 25th April to join Nanoco's own share buy backs. Make of that what you will but you might want to at least consider it in parallel with your company valuation calculations..
This is brilliant, you guys are highly entertaining.
Kooba, give us some more facts that say why the share price should be lower, please. Hahahahaha. I don't suppose you tendered at 24p with a view to buying back in lower did you... (cough)
404x, tell us again how frustrating it is that you can't sell more of your shares. Hahahahaha. Let me guess, you also tendered at 24p and want to buy back in lower....
Troublesome, give us a quote mate - at this time more than ever we need you pulling out all the stops sir.
Who wants to see my spreadsheet that shows company value? No? I spent ages on it, it's really very good. Except... the share price will be what it will be. Supply and demand chaps, no spreadsheet in the world will you the answers to fit your narrative.
125 million shares tendered. Short term traders sold.. Long term holders still holding. Fewer shares in issue. Nanoco has £3m to spend on shares and is spending an average of £35k per day. Short term holders free to buy back in on 25th April when £30m comes back into peoples pockets. Do the maths people, which way do you REALLY think the share price is going?..... those who gambled I salute you and all you stood for. Hahaha
TG2D / Troublesome
Oh dear God!. I know what he was referred to as. I recall other accounts like Nigwitty. I was here! Lurking! I also see an account on ADVFN called Terrorwit and I guess that is also him.
So... your argument is that I because I've read things written in the public domain I must be him? Want me to mention some other account names from the past to see if you think I am also them. Hey, look at me I'm also Lobo! OMG how the actual f*ck could I know about Lobo!!!!
I really pray that you believe I am Nigwit, honestly I do. Because the alternative is something far more sinister.. the alternative is that you are working together on this forum to try and influence others - like maybe a share trading club... I know you don't like me showing up and shining a spotlight on you. It makes you uncomfortable. You can't do your job here properly with me showing others what you are up to...
As I say, I genuinely hope it's not as premeditated as that and that you do believe me to be Lobo, I mean Nigwit.
Now, over to you TG2D to say something clever, like "see, he's a sock puppet", then back to you Troublesome to respond to TG2D with a prophetic sounding but utterly meaningless quote. You see, I do know you both... sh*t.. what if I'm you!
Troublesome, I don't know anything about Nigwit - why do you ask?
I've watched this board for years so I remember him posting. I'm new to posting here, not new to this board. I've read all your posts for example over the years but I don't know you either!
TG2D, Boom! And there you go back to square one... rinse and repeat.
I see your modus operandi pal, it goes like this:
TG2D: "insert some BS about what the share price will do and try to make it sound like it's based on fact"
Xenon: "You're talking BS"
TG2D "look, it's Nigwit"
Genius pal. But I kinda think people are seeing through your little games...
TG2D, you are still saying the same nonsense.
You say the Nanoco buy back is propping up the SP to 21p as if it is a fact. That is BS.
My guess is that you want it drop to 21p. Maybe it will, but maybe it won't..
Troublesome, your agenda is to back up some other posters. Mine is to call out BS.
If anyone tries to ramp this share I will call that out too. Predictions are fine for conversation if they are based on real facts or if they are said in a "hey that's my view, what do I know it might do the opposite" way.
At the rate Nanoco are buying shares that market support would last 17 weeks. In 10 days time a portion of £30m released by the tender is likely to want its way back into this share.
The SP will bounce - they alway do - neither of us know what range it will bounce within or where it will settle.
I get it, you want the SP to drop so you can buy back in. But don’t make stuff up to try and satisfy any personal agenda.
Wickymicky, the crude formula to work that out is share price before (we don’t know what the price would have been in that scenario) minus 10p, plus/minus a variable % for share trading.
So, roughly about 10p less than today…
Great summary PVX, I agree entirely. Bit more eloquent than my post..
Anyone who wants to crash Nanoco's share price, and I don't want to stifle any healthy and constructive critical debate, would you please head for the exit. Although I have a feeling a lot of you already did...