RE:Annual general meeting - Final Deadline for Shareholders At this point I don't even blame Nano One management for the failure. It is ultimately not their fault if nobody will give them a chance. There is lots of good tech in the world that never makes it simple due to a lack of good fortune.
We have all been bitten so many times waiting for Nano to deliver, it would be impossible to expect a positive result in July.
At least July 2024 that is. Maybe July 2025 or more likely July 2026. Nano will probably tread water for the next two or three years and then be sold to a major player who can roll out the process technology.
It is unfair to expect Nano to make a major announcement in July 2024 when the reality is that they most likely have nothing. They most likely have no major government funding, no offtake contract with a tier 1 OEM, and no plant location to disclose to investors in July. Anything else will be a disappointment anyways so investors should be preparing for more of what we got in June for the remainder of the summer and into the new year.
Selling above $2 after the Worley announcement was sweet but buying back in at ~$1.50 was probably way too optimistic on my part. My own fault for believing Nano was going to deliver by June (which is now past and I have been proven to be totally and absolutely incorrect that Nano could deliver by mid year 2024).
Nano delivered us nothing by mid-year 2024 in terms of government funding, disclosure of secret partnerships, plant location details, and most importantly offrake contracts. Who would have believed in July 2023 that by July 2024 we would be so far behind our own corporate targets let alone so far behind the competition.