Versarien Share Discussion Threads

[superg1] 10/8/2018 13:39

EG

A Global chemical company, HQ US. In the Fortune 100.

= DOW

[superg1] 10/8/2018 13:31

Fest

Are you on the ale?.

Clearly stated in many cases that they are very large companies in their sector.

IAI were named and it can only be DOW in another due to the description in the RNS.

GE cut and paste lesson too for VRS.

[anotherdrink] 10/8/2018 13:27

'It can be good to review Versarien cash flow since the company was listed on AIM' - why? I'm not interested in the fiscal past. I acknowledge what you are trying to convey but we'll know when the time is right just what option(s) VRS management have decided upon. All I know is that it'll be a considered judgement call and in the best interests of all current and future shareholders and VRS' future.

[hattie1] 10/8/2018 13:24

Fest I appreciate we all have our opinions and I respect yours but what KPI’s do you think HMG have given Matt in respect of his secondment to VRS if not some form of national or regional significance in some way or other

[festario] 10/8/2018 13:17

Brent is entirely wrong about the cash burn situation by the way.

[festario] 10/8/2018 13:16

Hattie, because I now think it was just advisory or promotional stuff going on. Follow ups from the China trip perhaps.If hush hush negotiating was underway, or things of national significance were being discussed, it was a bizarre way to deal with it on Twitter with hints and pictures.I attached no credence to it then, and less so now.I leave that to the overly excitable Twitterati.

[schmally] 10/8/2018 13:15

Good to see Easybrent shift from Twitter trolling to deranping on here🙄. Easy, Your focus on cash burn displays your total ignorance. £6 million cash spend to date for a business developing cutting edge new manufacturing processes in advanced 2d materials that could disrupt and benefit multiple sectors, to the stage of mass production capability is peanuts. If VRS were listed on US markets, I believe it would currently be valued in excess of 5x current market cap purely on the basis of potential future revenues. You will no doubt scoff but there are clear comparables, such as some pharma companies with similar income but massive losses.

[hattie1] 10/8/2018 13:09

...given up on Downing St stuff ...surely in part thats linked to Matt Walker and his remit Fest ? .. whats your rationale for giving up

[anotherdrink] 10/8/2018 12:57

It will be interesting - or not:), to note how the number of Twitter followers NR accumulates as we go global. The VRS twitter growth index. 2,176 followers now, up from 2,163 a week or so ago. NR'll be soon be overtaking Elon :)

[woodpeckers] 10/8/2018 12:55

Fest, don't forget this is a learning curve for Neill too. The fact that he has taken advice, stepped back and continually reiterates that he will only do the deal if our IP is protected , tells me that he is taking good advice, learning as he goes and not falling in to the trap of thinking he needs to stick to things he has said if they aren't right for the company.
I wouldn't want him to act any differently and I'd be surprised if you would.
But remember, there is a huge market for our product out there outside of China....lots of options.

[john henry] 10/8/2018 12:54

The IP issue is why imho the Chinese deal will not get over the line.

Lets not forget the whole trade war issue is based around the Chinese stealing US companies IP.

They are not backing down for Trump so they are certainly not going to change Policy in regard to VRS.

[battery] 10/8/2018 12:46

One of the issues with China has been mentioned by Neill before.

Chinese legislation forces external companies such as VRS to grant ownership to local entities when setting up shop there. ie China is given IP rights which would allow the IP to be copied/ripped off.

Remember Neill has stated that a deal will only be signed if it is good for VRS. That deal would require IP protection. Therefore until the IP ownership transfer issue is resolved I suspect any China deal may be delayed. Neill's focus may have moved to non-China business as this thorny issue will take a while to sort out.

A friend found an interesting article on this subject, link below.


Personally I would be happy not to do a deal in China if giving the IP away was a requirement.

EDIT: Also bear in mind China are desperate for real Graphene so maybe that will sway their requirements over the IP transfer - but it will take time (and maybe some decent deals appearing in US/Japan/Korea etc) for them to realise their rules are leaving them behind the rest of the world.

[woodpeckers] 10/8/2018 12:45

Fest, the answer to your first concern, as has been stated many times and is a well known fact in business is that 'BIG collaboration partners' like to keep things under wraps until the deal is done. We, as pi's don't like that, we want to see it in black and white so that the market values it in but it's the way of the world and we can't fight it. I have no worries over it because our CEO has stated quite clearly (in RNSs) that they are BIG. Now if you don't believe that I can understand that you are worried.

Your second concern, China. I think we have to take a step back here. We don't know what they know. What we do know is that they (Neill, Matt, David..) are all very excited about the future, they have their heads screwed on, we have gov support to make sure that whatever deal is made and whoever it is made with, it will be one which sets the basis for future deals so it has to be right. Ergo we can't expect it to happen in a hurry or to timelines that they would have initially hoped for.

This company is one of the first entering a whole new sector. Time is needed. Our patience is needed but those who have it will likely be appropriately rewarded IMO.

[melf] 10/8/2018 12:41

Not another one!!!...........Filtered!!!

[spike_1] 10/8/2018 12:41

Fest: re your 'that tweet from Neill suggests its ebbing away.'

The tweet does not suggest that, your interpretation does.

[easybrent] 10/8/2018 12:39

It can be good to review Versarien cash flow since the company was listed on AIM
-> Versarien have had negative cash flow from operation each of the past 5 years
-> Total operational cash burn has been £6334k, even though the company two mature business, AAC Cyroma and Total Carbide.
-> The investing activity cash flow since admission has been neg. £5515k, most of the cash flow has been used for M&A.
-> Versarien has raised £13.8m pre-issue cost since the company was listed.
-> Based on the cash burn in the last period, its likely that Versarien will have to address the cash situation before the end of the year.
-> The most recent placing, 6-nov-2017, was done at a 21% discount.

See excel sheet in tweet.
hxxps://twitter.com/EasyBrent/status/1027881854714736640

[melf] 10/8/2018 12:37

Re China, the last official (RNS) update we had from the company is that 1 had become 24. I'd say that's progress.

[hattie1] 10/8/2018 12:29

...the truth is Fest if for example sonnyj had posted that he would have neen told he was subtly deramping ..

[festario] 10/8/2018 12:28

Pandeck, Ash, fair comments.But China was a flagship opportunity, and I agree with you, that tweet from Neill suggests its ebbing away.I do have a problem with that.

[ashehzi] 10/8/2018 12:24

My answer to Fest is give CEO a time based on your threshold. If he doesn't deliver by then, follow the exit door without getting noticed.