Graphene Nano Share Discussion Threads

[richwebster1492] 16/3/2018 21:34

Update on Proposed Acquisition

Cancellation of trading on AIM

Graphene NanoChem (AIM:GRPH), the international provider of nanotechnology performance enhancing solutions for global industries, announces that pursuant to AIM Rule 1, the Company's shares will be cancelled from trading on AIM at 7:00 a.m. on 19 March 2018.

As announced on 16 February 2018, the mutually agreed resignation of Panmure Gordon (UK) Limited ("Panmure") nominated adviser ("Nomad") and broker of the Company had taken effect.

Pursuant to Rule 1 of the AIM Rules, the Company had one month to appoint a replacement Nomad to prevent the admission of its AIM securities to be cancelled as it pursued the Proposed Acquisition (as defined in the announcement dated 30 November 2017).

Unfortunately, despite efforts of the existing Directors, the Company has not been able to secure the official appointment of a replacement Nomad within this timeframe.

The Company is pleased to report progress in advancing the Proposed Acquisition, including substantial work on the legal and financial due diligence. The Directors believe the Proposed Acquisition, if completed, would be transformational for the Company and its shareholders and will continue to work with their respective advisers to complete the necessary documentation to execute the Proposed Acquisition.

It is contemplated that upon completion of the Proposed Acquisition the Company will be undertaking an IPO, with a view to being admitted to trading on AIM in conjunction with the execution of a simultaneous fundraise, the proceeds of which are intended to be used to finance the development of the enlarged group going forward.

The Company is committed to completing the Proposed Acquisition and seeking admission to AIM as soon as practicable.

The board would like to take this opportunity to thank the Company's shareholders for their patience and will continue to update shareholders on the Company's website and via the RNS newswire on the Proposed Acquisition.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

[richwebster1492] 16/3/2018 21:31

hxxps://www.stockomendation.com/rns/26986045

[mdvorkin] 07/2/2018 19:26

Graphene proves less strong than investors hopedCommercial benefits of the 'wonder' material are slow to materialiseKATE BURGESS FT Graphene has difficulty bonding with other materials and is hard to apply commercially ©Kate Burgess FEBRUARY 4, 2018Graphene has attachment issues. It was supposed to be stronger than steel, lighter than paper, and altogether super-thin, super-flexible, super-conductive and a super investment. Five years ago it was being heralded as the basis for another industrial revolution. But graphene, it seems, has difficulty bonding with other materials and is hard to apply commercially. The wonder material has failed to materialise. That is not only stunting the market in the carbon allotrope but also the three graphene-focused companies that floated on Aim in 2013 and 2014. Shares in all - Applied Graphene Materials (AGM), Haydale Graphene and Graphene Nanochem - are a long way below their first days on the junior market. As a pop psychologist might say, they are struggling to build lasting relationships.Even some of graphene's biggest champions are folding under the strain. Last week, 55-year-old Jon Mabbitt quit after nearly five years as chief executive of AGM to spend time with his family. Mr Mabbitt says: "I want to move while things are good." In 2016, he sealed AGM's first order, providing graphene to strengthen fishing rods. That is not quite the same as spearheading an industrial revolution.However, there is too much theoretical talk "about the art of the possible" in graphene, says Mr Mabbitt. AGM has been firmly focused on practical applications in anti-corrosive paints and composite materials. And orders are beginning to come through. Analysts forecast it will make £600,000 in revenues this year. And having raised about £9m at the back end of last year, AGM has the cash to see it through to when the group will break even in a couple of years. Or so Mr Mabbitt hopes.Mr Mabbitt has spent a large part of each week driving from his Derby home to AGM's Teeside offices. It has become a slog. Not necessarily a rewarding one, either. Mr Mabbitt's total pay fell £30,000 to £156,000 last year. The board decided he would not receive an annual bonus based "on revenue targets linked to orders and demonstrating the ability to scale up production volumes". Mr Mabbitt is not the only one to detach himself from the sector. Last week, Panmure Gordon, the brokers, gave up on Graphene Nanochem, resigning as its nominated adviser or Nomad without explanation. The move propels Malaysia-based Graphene Nanochem ever closer to the Aim exit. The group, whose shares have been suspended since it announced plans to reverse into a Malaysian-based building company, has a little over a month to find a replacement Nomad or its shares will automatically be delisted.Graphene Nanochem has been edging towards producing graphene-based drill lubricants. But its attachment to graphene has been far from secure. It has been trying to diversify while borrowing from sources such as Darwin Capital, a specialist lender to distressed companies. And its shares were suspended before in December 2016 having failed to lodge its accounts in accordance with Aim rules. Graphene Nanochem is a world away from AGM, and Haydale Graphene, the third Aim entrant in the class of 2013-14 that supplies graphene for cars, saucepans and medical instruments. Both AGM and Haydale have built good relationships with investors. AGM has been backed since float by IP Group, the science investment group, which has 19 per cent. Both managed to raise cash from investors last year and neither have debt. They are still a long way from making a profit. But their shares are 10 times that of Graphene Nanochem's £4m equity value. That said, even Haydale - whose revenues are expected to reach £4.8m next year - shows signs of looking at its options. It does not hold the honeycomb-structured graphene as closely to its heart as it did in 2014. It now also produces whiskers of silicon carbide, also known as SiC or carborundum, a material that bonds more easily. It has been around for decades and already found a use in semi-conductors, bullet proof vests and ceramic cutting tools. Shrinks say all it takes is patience, perseverance and TLC to overcome the volatility associated with an insecure attachment and transform growth prospects. But it takes superhuman patience to continue investing when others are disengaging and it is clear the rewards from graphene are a long way off.

[barnetpeter] 30/11/2017 23:02

Suspended pending proposed reverse takeover.
So what are our shares worth if it goes through ? Anything left ?


Nope. all gone. A bit like Kin group....I saw one guy write they have turned his £10K into £30.

I am guessing this will lose 95% of value to current shareholders. I ended up with £800 in "free" shares after trading this from 1p.....IF they come back (which I doubt) then I doubt my holding will be able to cover selling costs.

[kenone] 30/11/2017 07:17

Suspended pending proposed reverse takeover.
So what are our shares worth if it goes through ? Anything left ?

[arri89] 10/11/2017 13:32

This stock is stuck, I am holding out for it to rise but it's a risky one with there accounts so bad. Does anyone know of new contracts they have won ?

[roddyb] 10/11/2017 08:41

Huge rise this morning, no news announcement- weird.

[tom.muir] 05/11/2017 09:19

I think this is the same idiot that's been ramping them for the past week or so. Now he is embarking on the second leg of a fairly pathetic pump and dump operation.

[pal44] 03/11/2017 09:59

Graphene will be massive in the Lecy Cars they going to build soon GLA

[bobsworth] 03/11/2017 06:58

Nanotechnology - the future!

Video:
hxxp://www.goldmansachs.com/our-thinking/pages/advanced-materials-craig-sainsbury.html?mediaIndex=1&autoPlay=true&cid=sch-pd-google-advancedmaterials-searchad-201702--&mkwid=ljibC2TM

[madmick] 02/11/2017 23:36

spectre555 you still here.

[bobsworth] 02/11/2017 07:26

Just waiting for debt restructuring news to appear before deciding whether to buy!

Key Statement taken from Interim results for the six months ended 30 June 2017:

“The debt restructuring exercise the Company has undertaken is now expected to be unconditional by the year end 2017, post completion of the administrative process and other conditions precedent, including non-core assets sales, as previously announced.”

Hmm “unconditional”?

I interrupt that to mean they have secured a deal with few strings attached.

NAI

[madmick] 01/11/2017 23:32

SO MOVE ON! we get the message you don't like the stock.