Verditek Share Discussion Threads

[dubois] 11/3/2021 08:46

Nothing yet. He normally responds but only confirming what we already know. Maybe he is keeping stum in case there is something brewing. Just guessing here.

[chawkers] 11/3/2021 07:15

Any word yet from RR about what is happening at VDTK and who the persistent £5,005 seller is? Former major shareholder John Celaschi perhaps, liquidating his remaining holdings while he can? As we near the end of Q1, the silence from VDTK is deafening.

[dubois] 10/3/2021 11:05

yes he should and yes I have

[1teepee] 10/3/2021 07:24

Shouldn't RR know what he should not say? Do you still have your 1%?

[dubois] 09/3/2021 11:20

astra, yes, any bad news, lets get it out the way now. we don't want to get some decent orders only for them to be lost in any lingering bad news.

[astralvision] 09/3/2021 11:10

duboisThanks for the reply.I think that is a very reasonable set of questions and ones investors have every right to know.I think you are correct, a line in the sand would be drawn and perhaps they could move forwards from here.The practice of announcing trials and never updating, and the same with orders, where are we with Black Tulip, SAF. If they are dead, as I suspect, best just to say it and move on.It needs full disclosure and I think that would benefit everyone.If they could outline their new strategy and steps taken to ensure no repeat of past failing, eg a % of cash taken upfront with orders, think that would also help.ATBav

[dubois] 09/3/2021 10:58

astra, it is based on a combination of all of them.

I would love to get to the bottom of just why we had no sales. There is no logic to it. If we knew that, we might understand where we can go or not go from here.
It does seem like a coiled spring though and we are priced for nothing.

If we could get an update containing the following, it would help
1. The reason for the lack of sales.
2. Where are we with Paragraf
3. Where are we with all the trials that had been set up over the last couple of years.
4. What is the pipeline of sales looking like
5. Are the delayed sales coming back or are they dead.

I think this would help clear the air between the BOD and P/I's. I presume II's already know the answer.

I think I will send this to RR. I will not ask for a reply as I do not want him to say anything he shouldn't.

If we get an update then we know he agrees.

[astralvision] 09/3/2021 10:57

Re share price reflects that.I'm not sure it does.£16m, dwindling cash, maybe £1m left or so, £1m in stock, order book close to zero. JV with Paragraf to fund. Fixed overheads increasing if paid salesmen v commission only is being brought in.It's not sounding an absolute bargain.Now if they land a few 5MW orders then we could be talking.My concern is why, with RR there for a year and 18 salesman have they managed to sell next to nothing? Something is wrong.Imo the panels are just too expensive v conventional panels, three times the price, according to RR. This was why VDTK were so keen to get more factories going, so they could bring down the unit price and then be able to compete effectively.

[astralvision] 09/3/2021 10:50

Unicorn can do all they like, stamp their feet or whatever. What do they hold? 5% or something. They won't be calling any shots, that's for sure. And if they were fed the same lot of guff as the rest of us at the placing then I doubt if they're feeling too happy with VDTK. Chances of them shelling out in the next placing? About zero, imo.

[astralvision] 09/3/2021 10:47

il duce 15Makes me keep an eye on what they are up to.Re cash, you believe 9 months, I think we are more like 3-4 months from a raise, you don't raise when you're completely out of cash, so our views on that aspect are not so different.I think they've got two major problems1. They need orders and substantive ones at that. There is absolutely no sign they are getting them. And they just don't need one or two, they need regular, sizeable orders.2. If they get the above, not withstanding the £1m in stock, they will need to finance those orders, raw materials, manufacturing costs etc. That's a better problem than 1 , but they would need to raise a substantive sum to fund an increase in production. Hence my view they will look to ramp up newsflow to get another discounted placing away.All imoGLA

[il duce15] 09/3/2021 09:48

AV, With those views why do you still hold any?

We all know the problems the company has had and the share price reflects that IMO.

I still believe we have 9 months plus of cash, and that orders will be won well before that runs out.

If we need more money to supply any large orders won, I don't see that being a problem.

I'm sure Unicorn will stand their ground in any future raises for the right reasons.

[astralvision] 09/3/2021 09:01

Think newsflow might start again relatively soon as they are going to need to pump the share price up as we move towards the next placing.imo they will need to raise before half year end, so they've got a few months to announce a few deals and raise off the back of those.

[astralvision] 09/3/2021 08:57

Hi duboisYes, communication has been very poor, ranging from RNS and tweets promising more orders soon, RR telling everyone Paragraf jV update was around the corner, various RNS of orders that never got shipped and now what seems like a complete news black out.It can only get better?Re'I'm 100% confident that sales will come through and we will become cashflow positive.'A brave statement to make, although I note the Titanic references! Is that statement based on anything like what RR says or anything other knowledge or just a 'gut feel'ATBav

[dubois] 09/3/2021 08:36

Astra, 1chalky and Chawkers,
I think you are all correct in what you say.

We have massive potential and should be selling a massive amount.
We have sold virtually nothing, even those that we have sold have been delayed or cancelled.
Rob Richards is a very nice guy who has done brilliant at other companies. Why hasn't he done it here? Who knows.
Commission only sales people did not work, simples.
Verditek had everything going for it and they screwed it up.

Where are we now?
We have enough cash for six months.
We have at least one dedicated salesman. Hopefully more soon.
We still have a fantastic product.

I'm 100% confident that sales will come through and we will become cashflow positive.

However, The designer of the Titanic was also confident.

We can't change where we have been or where we are now. We can of course get behind Verditek and help them push on. The only way people will do that is if they start communicating with us. This I think they will do on a regular basis once they have some good news to start the ball rolling.

[1chalky] 09/3/2021 07:54

Chawkers. Rob called me back yesterday that’s all I’m saying.Enough for me read between the lines. I have faith in the product and the man at the end of the call.

[erinvale1] 09/3/2021 07:42

Ditto Eden Research

[chawkers] 09/3/2021 07:31

1Chalky. You can have the best product in the world and the nicest CEO but if you can't generate any revenues (as has been the case with VDTK since their IPO in Aug 2017) then you are ultimately worth no more than the net cash on your balance sheet. That currently doesn't equate to a mkt cap of £15m imo and helps explain why the stock chart looks so grim.

[dubois] 08/3/2021 17:55

What a lovely rounded post.Quite right of course

[1chalky] 08/3/2021 17:32

Rob can only say so much you all know this right. I wonder how many of you have spoken to him. And out of those who have chose to keep quiet whilst others try to drive the price down. The price is undervalued at its current price.I’m buying stakes under 5 and being patient. Some on here do nothing but moan. Shame on you call the company you’ll have a different view if he gets back to you I’m sure. Just be patient that’s all I’m saying.you all believe in the product so back it. For one it will stablize the price.Two it will stop people like me from buying on the dips.

[dubois] 08/3/2021 16:53

If you throw enough mud, some will stick. I hope he has got a big enough kick out of helping to force the price down.I'm not excusing the BOD as they have not performed. However, I do not believe it is quite the way he interprets it.He really is a sad past it man that is angry with the world. He obviously has no love in his life.

[jbennett] 08/3/2021 16:48

That is as may be, but he called this one right.

[scoots] 08/3/2021 16:01

TW is a TW@

[astralvision] 08/3/2021 08:34

Never seen any Meaty. On another matter I see TW is posting on VDTK again, and not in a complimentary way. Apart from lack of trading, cancelled contracts and cash running out, he says there is now another matter. No idea what he's referring to. Can't be worse that no contracts and no money, surely?

[meaty] 08/3/2021 08:18

Has anyone found any RR interviews online? Every other CEO seems to have videos on youtube but RR appears to be somewhat camera shy.