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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Versarien Plc | VRS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.0025 | -7.81% | 0.0295 | 16:35:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.0295 | 0.032 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Top Posts |
|---|
Posted at 06/3/2025 10:07 by bbmsionlypostafter mk2 Looking on Prompt's site I can't find any reference to or mention of VRS at all. Honestly think it must be me & I'm just not seeing it - after all P have been working for VRS for just shy of 2 yrs.Can anyone see VRS on the Prompt site anywhere? If yes please post a link. |
Posted at 05/3/2025 18:58 by 1manchild on the tunraround - we will soon see if Prompt delivered anything for vrs as they will add it on their website case studies page - and there is no way i will accept the korean deal as their turnaround idea - as many of us have already pieced that jigsaw together to show that mck tech are already known to and worked with vrs years ago through graphene lab.my own hope is in the 3d printing through the guy that runs this operation for vrs as he seems to have at least done something positive. i still cannot get over that rns. staggering - and not in a good way either. the most wishy washy and non committal rns i have ever read. absolutely pathetic and i cannot believe anyone would be brave enough to put their name to it. |
Posted at 28/2/2025 10:13 by zydecoco Fest, Thanks to the pointer of this week's RNS of GWMO "PROPOSED SHARE CAPITAL REORGANISATION. ANDNOTICE OF GENERAL MEETING". yes it looks like an obvious play for VRS to follow: Consolidate (aka subdivide) the shares and have space for the continued required Placings, while then letting the share price continue to drop each Placing and mugging shareholders for an ever unprofitable business. You have been warned all VRS holders |
Posted at 13/2/2025 17:21 by pwhite73 zydecoco - "PW73, do you know whether Prompt Turnaround are still working for VRS?"Yes, Prompt are still working with VRS. If they were not Prompt would notify of the closure of the case with VRS on their website and VRS would be required to issue an RNS as it is material news. All the members of Prompt are qualified. David, Robin and Mark are members of the Institute for Turnaround (IFT). It is because of Prompt that Versarien has not been forced to file for administration as they were effectively trading insolvently, unable to meet the debts of major creditors when due. It is nigh impossible for creditors to obtain an administration order from the High Court whilst Turnaround Specialists are at work as they are insolvency experts themselves. Versarien has been able to apply for further grants and obtain an £800k grant for Gnanomat because the company is being overseen by Prompt Strategies. If a turnaround specialist is at the helm this ensures lenders or grant funders money will not be spent on Bentleys, McLarens or Ferraris. It will also ensure future director salaries are commiserate with the financial state of the company. Prompt would still be overseeing Versarien in terms of the sale of Total Carbide and the day-to-day strategic running of the company. It is because of Prompt that Innovate UK can be confident that assigning Versarien as their go to company for part of its BridgeAI project the company will not misuse funds so leaving other companies that have sought assistance and expertise from Versarien high and dry. For the avoidance of any doubt Prompt is still the key player in the turnaround strategy unless you hear otherwise from the company. The finals should be out on or before 31/03/2025, there should be more information then. |
Posted at 13/2/2025 10:43 by bbmsionlypostafter mk2 Don't know it for a fact but Prompt surely must be long gone from VRS or having anything to do with VRS. VRS is barely a business & what business there is is about the turnover of a small corner shop. What could they possibly still be doing at VRS 23 months on from being hired? |
Posted at 05/2/2025 09:36 by bbmsionlypostafter mk2 PWhite734 Feb '25 - 23:25 - 154439 of 154444 ...If you invested £10,000 in VRS at 180p you've lost all your money. If you invest £1000 in VRS and the price increases 10 fold from 0.037p to 0.37p you've got all your money back. This is why I say take advantage of these low prices because VRS will multi-bag as it gains traction and exposure in the nascent graphene industry. So you yourself PW are definitely buying these as fast as you can, right? How many millions of these shares have you accumulated? |
Posted at 03/2/2025 10:54 by pwhite73 Even to subdivide the shares VRS would need to call a EGM or AGM and receive the authorisation of its shareholders. If VRS suspects it may not receive any authorisation to issue new shares or subdivide the nominal value that is when a cashbox placing can be considered.Once again I reiterate I believe it is the plan of VRS to have the share price much higher by the AGM in April that it will not need to consider subdivision of the nominal value. |
Posted at 02/2/2025 18:24 by supernumerary For the avoidance of doubt, PW gets it wrong again :¬(Cash box placings are normally used to skate round the Companies Act rules on the disapplication of pre-emption rights, and are not an easy way of raising money for 'companies that are in distress' such as vrs. In fact vrs can't use the cash box method at all because it's a prerequisite that a company should have sufficient authorised but unissued share capital, and vrs has none left. Not really complicated but still evidently too much for poor old PW :¬) |
Posted at 20/1/2025 13:24 by pwhite73 1manchild - "we are not talking about being a magician here and starting an industry that doesnt exist. we are talking about being an advanced materials company as they state and doing something proactive in the sector they claim to represent"Yes but what is 'advanced materials'. Its not plastics or rubber its graphene and whether you wish to come to terms with it or not graphene IS a new industry. Simply because VRS have been spouting on about the commercialisation of graphene for the last 15 years does not make the industry 15 years old or older. And for the record I've been ramping VRS more or less since I arrived here. I don't believe this is the case with bluemango. Furthermore I do not know bluemango, he/she does not know me. I do not know anyone at VRS and neither does anyone at VRS know me so less of the conspiracy nonsense. At the investor presentation 10/12/2024 the company said it was still on course to become EBITDA positive H2. Now for me H2 is the ultimate deadline. I know I've given deadlines in the past and broken them all but this is the absolute final one as all the others have been my own personal deadlines whereas H2 2025 is the company's. The year end results to 30/09/2024 are due on or before 31/03/2025 so not long to wait. The forward looking statement for H2 will be in the year end results. |
Posted at 20/1/2025 12:24 by pwhite73 1manchild - "im asking for something very simple and justified for historic reasons - a new management."Your request is reasoned given what’s happened in the past but at the same time it’s a mistake. New or even brilliant management at a microcap company like VRS can’t magic up an entire industry that does not exist, maybe Apple, BP or Tesla can but not VRS. Two things are required here. The industry has to come to VRS and because of the nature of the graphene industry it is technological know-how that will navigate VRS to commercial success, not slick advertising or management spiel. |
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