Versarien Share Discussion Threads

[graphite bot] 25/9/2018 19:30

Neill didn’t mention cornerstone investor
But I get the feeling if Versarien need money it will be easily available. He said government had spent 1 Billion on engineering education. And it was only right that they should expect companies like Versarien to grow and add jobs Ect to U.K. economy. And would do all to assist

[pshevlin] 25/9/2018 19:21

Fest. I'd like to live in a house as a result of paying cash for it but that hasn't happened yet so other means such as borrowing have to be found. Hopefully Versarien will remedy that situation in the future but until then I hope they can always raise enough cash to leverage the company forward. As Neill said, if we had had more money spare from the last raise we would have been much further forward now.

[chimpandy1] 25/9/2018 19:20

Well that's the catch. We need large orders to create funds. Collaborators won't purchase unless they are confident that versatile have enough money...... Neill said that if they had this money before we would be a year ahead of where we are now. This money will help versarien ramp up their plans

[johnveals] 25/9/2018 19:19

Fest These issues were addressed to the extent that they could as many are under NDAs. Neil also asked for trust. If you can’t give that trust you know what your options are.

[festario] 25/9/2018 19:17

ChimpAndy, we all want to see cash on the balance sheet.But as a result of selling 2D materials, not issuing new shares for God's sake!

[chimpandy1] 25/9/2018 19:15

Fest, Neill said that many collaborators wanted to see versarien with more cash to reassure them that versarien were in a strong position

[festario] 25/9/2018 19:15

What was that comment about SuperG being silenced?What was the context, and why have others not remarked upon it?I await a comment from the great man himself on that one.

[festario] 25/9/2018 19:11

But SonnyJim, that's exactly what many traveling to the AGM were expecting, they said so.They were expecting a 7am, rns or even an intraday one to underpin that.

[festario] 25/9/2018 19:09

Have we resolved the disparity in the number of shares and cash delivered by the dilution? Why suddenly the need to dilute us from the stated 2m shares, to the actual new total of 5m?I understand the Gnanomat deal completely, but the revised terms means that a very large additional bubble of shares has now been created and issued unnecessarily.In those circumstances, the share price has done well not to fall below 180p, yet!

[richie32] 25/9/2018 19:05

"Burning Cash"

From the reports of the AGM, it seems that NR realised the importance of having money around so that he has the flexibility to move quickly when an opportunity arose and could show some security to would-be partners.

I think it is important that we do indeed "burn some cash" as this is needed to put the infrastructure in place (whether that be buying plant, expertise or by acquisition) and to fund trials and the global sales drive.

As shareholders I think we will be happy that VRS were investing in the future in 2018 in order to realise massive returns thereafter.

From the reports today it seems we are now in an extremely strong position (imho)

[sonsonnyjim] 25/9/2018 19:05

Fest - Arden were there, also giving timelines would be disallowed under insider trading as well as informing collaboration partners' competition of progress

[festario] 25/9/2018 19:04

In terms of the share price, I now believe that the consolidation around 180p that I've been banging on about is indeed being played out.I admitted I was wrong on that, but the dip was purely and simply dodgy tactics by our nomad to try and gain advantage in the recent fundraising.I hope many here weren't spooked into selling.If you were, you were manipulated and that's plain wrong.

[wr63] 25/9/2018 19:00

The reports by everyone cover everything discussed at the AGM, well done everyone with the details notes. The medical bandage reports to a smartphone app which informs medics and patients of the progress being made following surgery. The video demonstrated it being used following knee replacement surgery. Surgeons will be able to monitor progress, physiotherapists will be able to advise the patient what exercise to do etc, all done remotely. Looks fascinating and would save endless appointments time and travel.

[festario] 25/9/2018 18:59

I think that NOT going to these occasions gives me the advantage of being a little more dispassionate than some.Many of those going today were lead to believe that there was going to be a detailed update on the collaborations. That ended up being what I feared it would be... just a general statement that they were going on ok.I'm not sure that's what we should accept at this stage.I also don't need to be swept along by the CEO's charisma. That's the last thing I want to hear. I've lost a lot of money on AIM to charismatic CEO's.I'm not suggesting that Neill is cut from the same cloth as them, but until hard results are delivered, I can't be 100% sure.Quite a few questions that many posters expected to be answered today remain untouched.

[realcooltrader] 25/9/2018 18:55

MOU v. LOI



"The primary difference between the two is that a letter of intent is not binding, whereas a memorandum of understanding is considered binding and carries weight in a court of law."

[richardc77] 25/9/2018 18:52

A memorandum of understanding (MOU or MoU) is a formal agreement between two or more parties. Companies and organizations can use MOUs to establish official partnerships. MOUs are not legally binding but they carry a degree of seriousness and mutual respect, stronger than a gentlemen's agreement.

[wr63] 25/9/2018 18:51

Punchline Gloucester reporting on the purchase of Gnanomat hTTps://www.punchline-gloucester.com/articles/aanews/gloucestershire-cheltenham-engineering-firm-versarien-buys-spanish-energy-tech-firm-gna-gnanomatThey are keen supporters of the company

[sonsonnyjim] 25/9/2018 18:51

Owenga correct me if I'm wrong but pretty sure Peter said "there will be" a MOU with Jinan

[alchemy] 25/9/2018 18:42

Ah answered . Thanks .

[alchemy] 25/9/2018 18:38

An M o U I assume is superior to an L o I? I'm picking that up from the context here . Thanks for excellent write-ups folks.

[owenga] 25/9/2018 18:36

Fest. We had an loi - letter of intent. An MOU is a memorandum of understanding which is a binding contract. Deal is basically done subject to finalising documentation. Was surprised when Peter said that we were close to an MOU on Jinan.. particularly as I had assumed other China offers that were better than the original jinan one would have come on stream first.