I've posted here many times that I wouldn't touch Nanoco as I saw it as a falling knife. The valuation now (or at least very soon) makes it tempting but there is nothing there that convinces me my falling knife thought is wrong. If they had large imminent sales it would make sense to announce them first in order to increase the share price for when more funds were needed. Since this wasn't done, most likely there are no imminent sales or there's a chance management is just taking advantage of the discount share sale to load up themselves before the pop. So you either have a company with nothing on the horizon or dishonest management. Either way, not a company I'd want to be in. The only company in this space who has had any success is Nanosys and even then their level of success is unknown since they are private.
And again, I'm not so much negative about QTMM as I am some of the nuts who post here. This is a very high risk penny stock, yet most here state this is a sure thing and the only question is whether it will be bigger than AMD or will we pass Intel. A certain amount of the posts here are done just to spin and prop up the share price. Ask yourself if the company was on the brink of success, would the share price need people posting like that. Well people here have been preaching about the "imminent" success for at least 7 years.
