NNOX options, anyone? | Biotech Message Board Posts
  • TECH UPDATE: Please accept our apologies for the delay in getting our "board visit & message view" counts to normalize. As you may have noticed, starting yesterday the "board stats" for individual message boards started to display clearly erroneous "member" and "guest" visit counts. Needless to say, we don't like having unreliable traffic stats on the site any more than you do. Please understand this was not by design or intention. It's a glitch that resulted from an apparent incompatibility with the legacy code and the recent deployment of new servers to tackle issues related to last month's outage. In order to give our web developer a chance to take a closer look at the glitch and come up with a viable solution, we have decided to leave the code up for now so she can have real-world data to work with (rather than just turn the counts off again). So it looks like we may have to live with these bad counts a little longer, but our expectation is to have this resolved by early next week, if not sooner. We appreciate your patience and understanding.  

Biotech   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  34522 of 34886  at  9/24/2020 5:06:29 AM  by

longek71


 In response to msg 34513 by  CHM_760
view thread

Re: NNOX options, anyone?

  S Korea’s SK Telecom stands by Nanox investment
[Photo by SK Telecom Co.]

[Photo by SK Telecom Co.]

South Korea’s SK Telecom Co., the second-largest shareholder of Nanox, defended its investment in the Israeli medical imaging startup and reaffirmed its confidence in the company`s novel invention that has claimed to replace conventional X-rays.

The top Korean mobile carrier on Wednesday called the allegations of fraud from the U.S. short seller Muddy Waters Research “a rite of passage for emerging growth companies” and claimed major investors had already verified Nanox’s technology and recognized its potential.

Nanox shares tumbled after noted short seller Carson Block of Muddy Waters tweeted Tuesday that he was betting against the Nasdaq-listed company. He accused the startup of “manipulating” a demo video of its commercial-grade digital X-ray technologies and said the group had “no product to sell other than its stock.”

"If Nanox claims are achievable, it seemingly will come as a shock to most of the radiology profession," Block wrote. "We interviewed five radiologists who were familiar with Nanox’s claims. Not a single one expressed credulity of Nanox."

Nanox shares plunged 20 percent in pre-market trade but finished the session 4 percent higher, as investors began to show skepticism of the Muddy Waters report.

Analysts from Cantor Fitzgerald and others said they would maintain their price target of Nanox at $65-70 a share.

Yozma Group, another investor in Nanox, said that global companies including Japan’s Fujifilm, Taiwan’s Foxconn and the U.S. investment giant BlackRock have also validated the Israeli startup and joined as investors. It added that Nanox is different from Nicola, an electric truck startup that is also facing scrutiny over fraud claims, as Nicola was listed through a special purpose acquisition company while Nanox went public after a thorough technological review.

SK Telecom invested a combined $23 million in Nanox in June of last year and this year. It convinced Nanox to build a chipmaking company in Korea and has been working closely with the startup in projects related to 5G and artificial intelligence.

SK Telecom shares on Wednesday fell 1.68 percent to close at 233,500 won ($199.7). They finished Thursday 1.07 percent lower from the previous session.

Park Jung-ho, chief executive of SK Telecom, received 100,000 shares in Nanox in the fourth quarter of 2019 as stock options. Kim Il-woong, the Hong Kong unit head of SK Telecom who provided consulting services to Nanox during its inception, was also given option awards of 1.2 million Nanox shares.
S Korea’s SK Telecom stands by Nanox investment
2020.09.24 09:58:50 | 2020.09.24 15:44:03
 
 


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 3     Views: 218
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
34525 Re: NNOX options, anyone? CHM_760 2 9/24/2020 11:24:31 AM






Financial Market Data provided by
.
Loading...