It is on time to say that that previous CEO and now chairman Jo Uthus has held both positions over a long time and his behavior stands today to disgrace. His take on these roles are very disappointing, especially combined with his personality. It he is condescending towards shareholders, even today when he is put in the spotlight. I understand companies must guard their very inner workings on trade secrets and some details around strategies, but in this case we have seen a blatant refusal to comment on the tech and product roadmap over several year (also called guiding), and the outcome is just to disregard any comments and state it will take a couple of years more.
The company identity is still very visible and built around the patented deep-tech that no competitors are close to, and we are not saying it doesnt exists, but in which form is not possible to obtain information.
If the plan is to obtain new competent and professional investors they will demand information and status on the core technology. They would need waterproof NDAs to be even able to enter such discussions. This means potential investors will get more information about the tech than shareholders, and thats the irony, but however how it works.
There has been some speculation earlier if the company even are actually reaching out to industry investors or competitors, with the the speculation on the story around the tech. If they are not willing to approach such investors to show the status, they will need to approach broader investor base that dont ask such questions. Hence, it will be very interesting to what kind of investors who might join, because it will be a tell tell sign.
The story about the prospects of the two investor-processes and the possible Nasdaq-merge, especially if the latter if true, could be a very good indicator however, but impossible to verify. In light of the still reluctance of informing about the main story, the main marketing, the main identity, which is the main novel patented technology. As long as we dont hear anything about it, we cannot do anything.
They delivered pretty detailed info in 2022, saying release in 2023-2024, and the investor presentation with the roadmap from April 2023 also restated gen2 “full nanowire” towards 2024. Now given zero reasons and 2-3 years needed tech development.
Crayonano has gotten so much PR/media and talk the last 12 years, it is really hard to understand, if this is just tactics.
I would say its highly possible the company might be sold anytime if the offer is okey.
Remember most investors have 14-16 per share based on previous capital raises.
If you are investor (or wondering) in Ascenium where Jo Uthus is CEO, you should follow closely to what kind of investors who would join. A tell tell sign are Norwegian companies only raising capital from rich individuals with very limited understanding of the cases, the same crowd and then hypetrain.
