Verditek Share Discussion Threads

[nickyharvey] 30/6/2022 13:53

Who knows. Perhaps they'll take the view that at 2.5p (equivalent to just £11m market capitalisation), this funded company with a joint venture in place with a leading European roofing company which expects to install 24m sqm this year, represents a bargain with enormous return upside as it positions towards its huge addressable market.

[astralvision] 30/6/2022 12:54

those buyers of a few days ago @ 2.5p have been well and truly spiked, but they have served their purpose for the company.
I expect those buyers to exit over coming days/weeks and take their loss as it dawns on them that there will be no more news till the next fund raising, or just before, I should say.

[astralvision] 30/6/2022 12:49

As I posted three days ago....tbf not exactly hard to see what their game was/is

'It sounds good, but numbers needed.
Otherwise another piece of news to raise funds'

[astralvision] 30/6/2022 11:15

I expect the share price to slide down to the 1.5p placing price then gently head towards 1p as vdtk adopt their usual no news position, unless they want to raise cash!Of course, perhaps there's a mega initial roofing order in the wings, let's see.....

[astralvision] 30/6/2022 11:12

NHYou can believe what you like!I prefer to concentrate on the facts, on the business and I asked a bunch of relevant questions to which there are currently no answers.Your response seems to be one of suggesting I'm short or I post out of hatred, none of which are true.Stick to discussing the business, it's prospects, past performance, cash position etc , otherwise it sounds like you are just desperate to stop the truth coming out and trying to shore up your own position.I have no position here so no axe to grind in terms of long or short. What I do have is first hand experience of how this lot operate and nothing , so far, has changed.

[nickyharvey] 30/6/2022 11:10

Let's see.

[32campomar] 30/6/2022 11:06

In Astrals defence, I have also been on the wrong end of repeated lies from the company. And unfortunately there's no other way to put it. Thankfully I sold out long since but I do keep an eye on things to see if in some way things have turned around. But I see no evidence, new investors may like the words of the new so called joint venture, but to others we have heard it all before and nothing has changed.

[nickyharvey] 30/6/2022 11:05

It seems that, despite your protest, you really do hate them!

[astralvision] 30/6/2022 11:04

NHDid you take part in the recent placing?

[astralvision] 30/6/2022 10:54

You're not kidding campomar.When was the last time , if ever, that VDTK released news of a significant contract where they actually got paid? Has there ever been one?They can't sell the damn things, they're developing generation 2,3 or whatever panels whilst admitting they're stacked out with gen 1 stock, and that's after a bundle of them got nicked?Thank gawd for CV19, as I've never seen a company milk the excuses of the pandemic as this lot. Just a smokescreen to cover their incompetence. Exactly when are sales going to start seriously? I would guess not this year, 2023?, 2024, 2025? They will run out of cash before then, go bust or be taken out for a song.

[nickyharvey] 30/6/2022 10:53

Of course you're entitled to scribble here all day but the nagging question for me is, if you hate the company and its management so much, why waste your time? Unless, indeed, you're short!

[32campomar] 30/6/2022 10:48

I still can't get my head around how sales were only 100K. In a world in crisis with unprecedented demand for renewable solutions. I mean it really beggars belief as to what the company have actually been doing. Is it incompetence, or is the product too expensive, or not good enough? Is the competition too good? There's something that just doesn't stack up.

[astralvision] 30/6/2022 10:47

NHWhat I expect is open, honest, transparent communication.As they've just demonstrated, they are incapable of that.I would expect to be told the current financial position, this is absolutely vital in a small cash hungry business like VDTK. I would expect to be told the sales for the half year. Both these points are within their ability and knowledge. I would also expect to hear some sort of forward looking statement, beyond a vague well placed for commercial growth. They did £100k last year, £150k would be 50% growth, but still less than the corner chippy.When is it expected that the roofing deals will kick in with serious revenue? These aren't hard questions, but I suspect there's a good reason why VDTK are saying nothing.

[nickyharvey] 30/6/2022 10:41

I'm not sure what you wanted the BoD to say? I doubt very much that they know when the company will be profitable. How would they? Anyway, that's not how it works with start up and earlier stage companies - that level of visibility is rarely available. The point is that, if they succeed in taking even a small slice of what is clearly a huge addressable market, investors who have believed in the company and stuck with it, are likely to enjoy huge gains.

[astralvision] 30/6/2022 10:27

DuboisThe tie up has promise, but exactly what promise we don't know. When do they start supplying, what are the anticipated volumes, what are the capital implications to VDTK, what is the current cash position. How do they intend to pay the bonds back next year? Are they purely reliant on the roofing deals, as not much else seems to be happening? How are they going to fund the Paragraf venture. When will this see commercial light of day?On the last point, one of RR's numerous lies to me, and other investors I was in contact with, was that graphene enhanced production lines would be running mid 2021. Pure fantasy/lies from RR.

[dubois] 30/6/2022 10:22

astra, I cant argue with you on those points. I do feel the Proton hook up is in a different league to anything they have done before. All I can say is "Fingers Crossed" and hope

D

[astralvision] 30/6/2022 10:21

It's good to see RR getting £150k salary, what happened to the commission only deal that was trumpeted on his appointment?Hmmm, just as well, as otherwise it would be noodles all the way for Bangkok Bob!And Lord W rakes in £50k/yr as a non exec chairman, the other non execs get £25k.This is another lifestyle AIM business for soaking up investors funds.

[astralvision] 30/6/2022 10:17

duboisSo far it's panned out exactly as I've suggested, from minimal sales, which you suggested would be significant from lots of little orders. It hasn't happened, has it. As soon as that news was announced a few days ago you just knew they were just using investors again to hit them with a discounted placing. Now those investors who bought in on the back of that news need a 50% gain or more just to get back to break even. This is how this bunch operate.What are the forward forecasts for the roofing tie up and when does it start in earnest?

[nickyharvey] 30/6/2022 09:56

As you say management is everything and, since the early days, the company has appointed a new CEO (an engineer/ex Siemens) who I believe is applying his professional corporate expertise to Verditek and that the recently announced collaboration (by Bradclad and Protan AB too) is testimony to a turnaround in the making.

[dubois] 30/6/2022 09:40

astra, whilst I'm 100% with you on what has happened over the last two years, the tie up with Proton removes Verditek from what they are hopeless at which is selling. Proton are obviously good at this and its possible that this really could be the start of something huge. Proton must have done their homework

I do fully understand your pessimistic view though and you have to have been here for the last two years to understand that.

[32campomar] 30/6/2022 09:37

But it was driven up to 18p on bullshi * announcements from the company of contracts NONE of which came to fruition. Moreover, the company have never mentioned any of them since. Management is everything in the business world, and VDTK's reputation & credibility is shot to pieces.

[nickyharvey] 30/6/2022 09:33

I don't have that intel (who does?) but I see a stock that's been beaten down 90% from a high of 18p 2 years ago and now has the financial runway and commercial collaborations in place to recover.