A sad reality. Nano One might in fact be a sinking ship Hard to believe with all the potential and such a beautiful story. But the fact is, Nano One might be a failing enterprise. Statistically, almost all start-ups fail. Nano certainly still has lots of interesting irons in the fire. But clearly this extended period of deep company distress is indicative of some very serious and fundamental problems with Nano One.
This is certainly what a failing enterprise looks like. The hyper bulls are blind to what is in plain sight but the market has a way of cutting through all the noise. The market does not care about your feelings towards Nano One. No revenue, predictable burn rates, questionable technology, failure to secure offtake or intake contracts, financing challenges, etc….aside from the beautiful story of Nano One, this is rough investment even in terms of speculative plays.
Nobody has ever seen a full scale One Pot line in operations so it is unknowable what type of plant efficiency this process can yield. It is still just an academic demonstration largely based on lab results.
With the added market/sector pressures, it is likely time to truly consider that Nano One will fail. No buyout. No life raft. Just another bankrupt startup to add to the statistical records.
I’m proud to be a Nano One investor and intend to go down with the ship if that is in fact course we are on.