Verditek Share Discussion Threads

[chawkers] 03/2/2022 12:00

What is frustrating is that competitors such as DAS Energy and Sunman are winning projects - DAS just completed a 15,200m2 project for German tool manufacturer Trumpf in Ditzingen. What is clear, however, is that each project has to be adapted for each end customer. Apparently this was the case for IM Efficiency's Solar on Top project which VDTK failed to win. I suspect that VDTK's poor level of automation/panel throughput at their Lainate factory, lack of a/s and inability to custom design panels, lack of dedicated full time sales staff, poor price competitiveness, lack of capital, the physical distance from the CEO based in Thailand to VDTK's Italian factory (has Rob Richards actually left Thailand since he was appointed in April 2020?) have all played a part in VDTK's inability to secure any major projects over the last 18 months. 2-3 months cash is welcome, but I can't see it solving VDTK's fundamental issues.

[32campomar] 03/2/2022 10:25

Approx 2 months money at the cash burn calculated from the previous guidance. Still running on fumes, limping along presumably hoping and praying for something to turn up.

[astralvision] 03/2/2022 10:17

It was only £308k.No indication of when, if whatever conditions are met, they will receive the £1.75m, they could do with it now, I'm sure.

[chawkers] 03/2/2022 10:08

Wonder how much of the windfall will go to pay for Paragraf JDP3 costs and whether the timing of both announcements was pure coincidence...

[naplion] 03/2/2022 10:07

well a big order is being filled that's for sure , all these big sales and price is holding

[astralvision] 03/2/2022 10:04

Unexpected windfall bit of a life saver. Stems the losses for a month or two.

[shooter mcgavin] 03/2/2022 09:33

- General share chat telegram group

[naplion] 03/2/2022 08:10

Etc.hope it'd the start of some good series of rns .. this money will give more time for them to make some good deals before they need to raise money again allowing them to raise at a higher price then where the share price is now

[chawkers] 01/2/2022 07:41

With the share price now below 2p the market is clearly beginning to factor in the risk of either bankruptcy or a heavily discounted cash raise (1p?). Since Nov 2020 VDTK have raised £3.9m through equity and bonds. Current mkt cap of £6.8m suggests 75% equity dilution if they try and raise a similar amount to tide them over for another 12 months! Not looking good for existing shareholders.

[dubois] 31/1/2022 14:25

Don't get hung up on Paragraf. Verdtek is just a long term tiny part of their business.
Verditek pays, Paragraf do the research and they would share any profits if it ever comes to be a commercial product.

[ddt1455] 31/1/2022 13:29

That’s just a sector overview and in each of them is a need for solar energy. So let’s hope their partnership will grow/ they might even invest some of their own money into now in order to accelerate commercial products

[luffness] 31/1/2022 13:19

Oops missed out a not there

[luffness] 31/1/2022 13:18

Maybe but their priority judging by ceo commentsHe pointed to uses across automotive, medical, aerospace, telecoms, computing and other markets. The funding will enable Paragraf to beef up its sales in the US, Asia and across Europe.

[ddt1455] 31/1/2022 13:11

If I was Paragraph I would certainly invest into solar panel technology. One of the fastest growing sectors and here to stay!

[luffness] 31/1/2022 12:11

Paragraf just raised $60m - do they care a toss about VDTK

[32campomar] 31/1/2022 12:06

1.8p to sell. Dear me what a mess. Where's this trading update?

[1teepee] 26/1/2022 12:22

Good luck and I hope vdtk turns around and makes it big .

[astralvision] 26/1/2022 11:05

Perhaps 1teepee, but the info I have is that Paragraf are well funded. And I don't think VDTK are going to be able to pull the same trick with the jv as they did last time.I'm looking forwards to the TU to see what spin they can put on things. No doubt full steam ahead for commercialisation of the existing panels. I expect newsflow to increase as we head towards the next placing.

[1teepee] 26/1/2022 10:42

I think it a great looking project which enable bullish sentiment regarding both parties for future fund raises. IMO

[astralvision] 26/1/2022 10:22

When they did the placing in October 2020 or thereabouts Rob Richards and Paul Harrison were waxing lyrical on all things Paragraf. Rob said all the lines would be running Graphene enhanced panels by mid 2021.Other investors I know who took party in the placing can confirm that.Yet another example of the bare faced lies this management team and related persons were prepared to tell to get the placing away.

[astralvision] 26/1/2022 09:52

Agree with 1teepeeLooks like it's back to the drawing board and start again, no sight of a commercial product.Only good thing is Paragraf are still happy to be in bed with VDTK, although gawd knows why, what exactly do VDTK bring to the party?

[dubois] 26/1/2022 09:50

No problem

[nickyharvey] 26/1/2022 09:35

Sorry, Rock Star said it.

[dubois] 26/1/2022 09:28

Nickyharvey, Where did I say they were struggling, I simply said that it is a deal where Verditek fund it, Paragraf do the work and they would split the profits if and when they came. I don't see that happening for a long time.

[nickyharvey] 26/1/2022 09:22

duboisI assure you Paragraf is the opposite of 'struggling'. I tried to up my stake there in the most recent fundraising and was told 'thanks but no thanks, we're fully funded'!