Verditek Share Discussion Threads

[naplion] 28/10/2020 10:21

that was quick ?! wasnt it ?

[cyberbub] 28/10/2020 10:13

To be fair I didn't know that RR wasn't taking a salary. That puts a better aspect on the options.

[32campomar] 28/10/2020 10:00

Exactly, Rob Richards is on a paper profit of £80k, so what? He does not have a salary so he deserves every penny. And the new FD has been grated options at the placing price of 8p.

[astralvision] 28/10/2020 10:00

Looking forwards to a bunch of good news over the coming weeks and months.
First up, funding closed, fully subscribed, institutions on board, happy days!

[astralvision] 28/10/2020 09:59

the white house

not sure what you are on about, have you read the news release?
Please not Tim Bowen's share options ARE at 8p!!!!
And RR's have been delayed from earlier, that's why they are 6p.

Guys, you really are concentrating on the wrong thing here, imo, but each to their own.

[32campomar] 28/10/2020 09:58

Rob Richards does not draw a salary and it was his choice to be remunerated in share options. If only every CEO had that attitude.

[the white house] 28/10/2020 09:55

Farce, do they think 7p is likely in the long term but that is ok as I'm all right Jack will be holding folding. Do they really think that day at a 8 or 10p level it is too much of a challenge for them'

[astralvision] 28/10/2020 09:55

rheumking

RR options are not worth £300K, lets get it straight. At 8p the 4m options are in the money by £80K. my understanding is the options to RR have been delayed by one thing and another, bear in mind the share price was 2.25p or thereabouts when he came on board so I think 6p is entirely reasonable and hope he makes an absolute packet out of them.
Also bear in mind that RR is heavily incentivised by means of share options rather than salary. Good for shareholders and helps to conserve cash.

[cyberbub] 28/10/2020 09:49

Agreed, options at a discount are out of order. It's hardly an incentive when they're in the money on Day 1.

[rheumking] 28/10/2020 09:47

I guess at its core this is what the stock market and capitalism is meant to do ie take a fledgeling company that has difficulty bridging the gap between orders and expenses and provided with the funding as a bridging investment until they get to A position of profit. The question is is this efficient allocation of capital and I suspect it is.
The one issue I have is with the allocation of options to RR - in my eyes although he has made positive steps forward he hasn’t as yet earned his Spurs certainly not in terms of shareholders funding options that are worth £300,000 at the current share price and he has been given them at a 30% discount to the current share price
When he has moved the company into profit and got a good pipeline of orders going then we can start splashing the cash otherwise this just looks like a typical AIM Company dishing out shareholder cash to directors who haven’t delivered
That for me is a bad sign

[astralvision] 28/10/2020 09:45

roger
there an incredible amount going on behind the scenes at VDTK.
the raise needed to be done to open up more options going forwards.
News flow will restart shortly, imo.

[rogerramjett] 28/10/2020 09:29

Yes, it is very possible that 4Mw could be sold in quick succession in two orders.

The fundraise is not a negative as it will bridge the gap. COVID has had an impact however much it pains me to say it. Had we not have had a second wave this may not have been needed.

I wish they would make a little clearer the use of the capital. Orders will be lumpy for now but you can do a lot with £3.5m

I think they will be stock piling panels for sale incase of further restrictions in Italy. Maybe using this capital to increase capacity and make some economic changes to production.

All in all its positive and out the way. Just very bland again.

HOPE is used too often with everything but perhaps there is some real positive news coming in the form of orders, institutional investors getting in at a low level and a decent Paragraf update.

[astralvision] 28/10/2020 09:21

CyberbubNew management team have kick started the sales from a standing start.Larger orders take longer, but they're coming.Now the company and sensibly capitalised all sorts of options will open up.

[cyberbub] 28/10/2020 09:08

TBH I'm a bit disappointed with the update. Only 2MW sold since June? Even if they get to 4MW by Xmas that's still substantially less than the 6MW breakeven level.

[meijiman] 28/10/2020 09:02

I don't think there will be any allocation for the average PI.

[astralvision] 28/10/2020 09:01

Yes, buyers lined up, this will all be done and dusted very soon.Understand demand is very strong.Expect strong newsflow post raise.Exciting times ahead.

[32campomar] 28/10/2020 08:59

Found this line interesting'The Placing Shares are being offered to a limited number of specifically invited persons only and will not be offered in such a way as to require any prospectus or other offering document to be published. Buyers lined up then. Could there be an institution involved maybe a Green fund?

[32campomar] 28/10/2020 08:54

No-one likes a fund raising but at least this once and for all puts the issue of the financial position of the company to bed.

[rogerramjett] 28/10/2020 08:48

Some IIs would be a good thing. More positive wording could have been used. But at least its out the way and that should be the last of it. Next stop cash positive.

[astralvision] 28/10/2020 08:36

Looks like a reasonable sum to be raised, discount is modest. It certainly puts the cash question to bed and enables them to move forwards strongly.Onwards and upwards!Looking forwards to further announcements once the placing is done and dusted, which looks to be very soon.

[meaty] 28/10/2020 08:29

And there it is. The company are pleased to announce that sales are slow. The timing of that recent report was suspicious. It contained a great deal of company info and a warning that it may have been commissioned. This is why people on boards should never make guarantees that placings will not be happening and if they do you should not believe them.

[naplion] 28/10/2020 08:28

Ok. Well that was expected and iam glad its out of the way as it was something that is hanging in the air not knowing at what discount it will be . 8 pence shows thuer is confidence in the company and the its future .. considering last placing was at 2 pence and it shot up to where it is now then the history is a positive indication of where the share price will head after .. the announcement also state that news of new contracts are expected in the near future .. so i bought at 15 and 16 pence .. so i will be subscribing to the placing .

[lfdkmp] 28/10/2020 08:21

RNS

28 October 2020

Verditek plc

Proposed Placing

Verditek plc ("Verditek" or "Company"), the international clean technology company that develops, manufactures and sells certified lightweight solar panels, is pleased to announce that the Company is carrying out a placing to raise approximately up to GBP3.5 million, before expenses, via the issue of up to 43,750,000 new Ordinary Shares ("Placing Shares") at the issue price of 8 pence per share ("Issue Price") ("Placing").

[dubois] 26/10/2020 16:22

We don't know how true that is yet?