Verditek Share Discussion Threads

[astralvision] 27/1/2021 12:04

Not bitter, win some, lose someGoes with the territory!

[meijiman] 27/1/2021 11:53

Indeed they must be spitting feathers. Anyone recall the Aussie chancer doing the video..managed to puff the share price with wild optimistic forecasts. Management here need to have a long hard look in the mirror.

[32campomar] 27/1/2021 11:27

Acorn asset management must be furious having spent £1.5 million on shares early November at 8p. As must other participants in the placing.

[dubois] 27/1/2021 11:19

astra, don't get bitter, that's very unlike you. Just give it another couple of weeks and see where we go.

[willoicc] 27/1/2021 11:01

Yump, you say you 'almost bought in here.' What stopped you?


yump27 Jan '21 - 08:58 - 3912 of 3924

Superg is a very nasty piece of work trying to show how clever he is with the I told you so stuff when people have been led up a cul de sac in the same way that he has.

I almost bought in here.

Some people have zero morals.

[volsung] 27/1/2021 11:01

Did pick a few more at 4.3p
Whether thats good or bad is debateable

[lfdkmp] 27/1/2021 10:58

Sorry to hear that astralvision. The veneer now seems to have been scratched off and reality is not looking too bright. Particularly concerning is the deafening silence re the jv with Paragraf.

(Unless they're getting the bad news out of the way and will be announcing positives from here on - but regrettably I suspect that is not the case)

[astralvision] 27/1/2021 10:47

LFDKMPI was one of them!Funny how there was hardly a mention of delays, contracts cancelled, CV19 stopping us then. Everything was great at placing time!Con merchants!

[montynj] 27/1/2021 10:36

2p next target

[lfdkmp] 27/1/2021 10:35

I bet the communications with the recent placees are a bit tense.

[astralvision] 27/1/2021 10:32

Back to 2p then at this rate!Just need to sack the entire bod and start again!

[29palms] 27/1/2021 10:27

Ahh the super self aggrandiser of ADVFN appears back on VDTK bb.

Little to bother them it appears albeit I would have imagined they should be spending time attending the VRS 2021 Super Slalom Run event.

🤣🤣🤣🤣9315;🤣

[vatnabrekk] 27/1/2021 10:10

If they are waiting for the vaccine to clear the road for their sales to pick up, they are likely to be waiting for a large part of this year.

[astralvision] 27/1/2021 09:45

Well said Mcfly All absolutely fine apart from a lack of sales!They might want to re think that 18 man sales force thing and pay someone who can actually do the job of selling!CV19, whilst undoubtedly a factor, has been used as a bit of a smokescreen here, imo.

[mcfly79] 27/1/2021 09:42

The company doesn’t have any IP issue. They use a different technology and buy the underlying cells 'pre-strung'. They don’t have a need for the technology belonging to Meyer Burger or others. I’ve had this confirmed by the company.


The company doesn’t have IP issue. Its issue is that is hasn’t yet generated any material sales!

[nico115] 27/1/2021 09:41

Says the guy who ramped Vrs at 120p saying it's worth 30 quid !! Now 50pSuperg is the worse investor there is Ignore him yump

[volsung] 27/1/2021 09:08

You’re probably right superg. However I’ll hang on adding at spaced intervals until theres a run on some spurious bit of news

[74tom] 27/1/2021 09:05

@vatnabrekk - he wastes his time here because he probably has a big short position...

[vatnabrekk] 27/1/2021 09:02

super has clearly spent an enormous amount of time and effort doing the research and writing up the reports to post on here. Why would anyone do that if they believe that the company is a dog?

Me? If I spent all of that time and effort to discover that it was a bad share, I would sell up and ride off into the sunset. I certainly wouldn't waste any more time on here.

[yump] 27/1/2021 08:58

Superg is a very nasty piece of work trying to show how clever he is with the I told you so stuff, when people have been led up a cul de sac in the same way that he has.

I almost bought in here.

Some people have zero morals.

[superg1] 27/1/2021 08:53

You are being mugged

Read the details.

If not then get Verditek to give the details of the oftenest that cover 'their' technology

Absolutely everything they put out in the build up, Greenflex and green power industries was based on Day4 technology owned by Meyer Burger.

What they describe seems like as the Day4 tech owned by Meyer Burger.

[superg1] 27/1/2021 08:50

It centres around Claudio Marati who is well covered by Verditek. He allegedly through another company gained the licence for Day4 energy solar panel IP around 2011. Day4 energy were on the TSX but collapsed in 2012 and were bought out by the managers.
Prior to Day4 collapsing they had been in the process of licencing their tech to a number of companies.

EG as in the Verditek admission document
Greenflex San Marino – Solar photovoltaics

History and developments

The Group’s subsidiary, Greenflex San Marino, which is indirectly owned via the Group’s 51 per cent. interest in Greenflex, has been assigned absolutely, with full-title guarantee, all the rights, title and interest in and to the intellectual property rights and know-how necessary to produce the solar PV technology developed by Claudio Marati, a director of Green Power Industries Limited. Further information on Claudio Marati can be found in the Directors and Senior Management section of this Part 1 below.

Also in the admission document it explains the below about Marati.

In 2011 he co-founded Progetto Ambiente S.r.l. set up to manufacture innovative solar modules under licence from Day4 of Canada. In 2012 he co-founded Green Power Industries Limited, an English registered company.

He developed the intellectual property and know-how to manufacture the Greenflex San Marino innovative flexible solar power product which he helped design and which he has since assigned to Greenflex San Marino.

Here is a document from the web explaining the Greenflex Green power industries link up to Day4



EG

The cell layout in a Greenflex module with Day4 technology allows the design of up to nine independent operating segments.

So the Greenflex technology is based on the Day4 patent. Nothing has changed in news to suggest it's anything other than Day4 technology which is based on a new interconnected wiring system which allows low solder temperatures.

It continues to work when areas are shaded, which is what the Day4 patent was all about.


Greenpower was incorporated in 2012 clearly as part of the Day4 licence. That evolves into Greenflex in January 2015. The plan being to produce and sell solar modules with Day4 technology in them.

BUT, quite clearly in their admission document they suggest it's their technology.

I was highly suspicious that they listed the patent for other parts of the business but not for Greenflex

So back to the key date Dec 2016. Greenflex had been evolving prior to that, Verditek was incorporated on 10th April 2016.

So it seems an early plan was to roll Greenflex into Verditek and then do an IPO for Verditek. The Greenflex name has since been more or less buried.

Day4 was gone which left Greenpower/Greenflex working with the IP but no company out there to challenge them re the IP but they claim to have a license anyway. In December 2016 the patent was acquired by Meyer Burger.

This I imagine was a concern for Greenflex and Verditek as there was now an owner of the IP in the market. Verditek had been incorporated 8 months earlier and in July 2017 the admission document and IPO is published

Here is the relevant patent



At the top right it has the application events, click 'show all events' at the bottom and you will see it was assigned to Meyer Berger on 23/12/2016

I suspect Greenflex will have been oblivious for some time, but the vague coverage in the Admission document around the IP versus clear patent numbers for other IP suggest they knew on the IPO it wasn't their IP.

Now this may have all been fine as Meyer Burger are the supplier of the manufacturing machines not the panels, but things have changed there. Day4 Europe and Solbian do produce panels using Day4 tech, they freely state that.

So it seems to me Verditek have carried on, buried Greenflex, and hoped no one would notice about the IP. I have checked with Solbian, they are aware of Verditek but were unaware they are using Day4 tech.

A quick example of Day4 tech in lightweight solar panels. Something that Verditek would have people believe is unique, and owned by them



So Meyer Burger the patent owners.

They have in the last year or so decided to produce the panels themselves based on the patent. There was recent raise of around £140 million to support this. The trademark for the technology is called Smart-wire.

As in this link which is the Day4 patent which Verditek let the market believe was their IP and unique.



Meyer are to have factories in Germany with the big launch of the panels for sale next year.

I have informed Meyer of the Verditek situation and use of their IP.


It seems quite clear to me Verditek have knowing misled the market about these lightweight flexible panels, IP claims, lowest watt per kg etc and have excited investors about this unique exclusive breakthrough.