Versarien Share Discussion Threads

[dreamtwister] 17/10/2018 20:38

really do you think china needs vrs, ?

[luckyorange] 17/10/2018 20:33

Just to cut to the chase with XG

'In December 2016, we entered into a draw loan note and agreement (the “Dow Facility”) with The Dow Chemical Company
(“Dow”) which provides us with up to $10 million of secured debt fi nancing at an interest rate of 5% per year, drawable at
our request under certain conditions. We received $2 million at closing and an additional $1 million on each of July 18, 2017,
September 22, 2017 and December 4, 2017, respectively. After December 1, 2017, an additional $5 million becomes available
if we have raised $10 million of equity capital after October 31, 2016. As of May 14, 2018, we have raised $7,007,024 in equity
capital during the measurement period beginning November 1, 2016. Thus, we still need to raise $2,992,976 of additional equity
capital prior to the remaining $5.0 million under the Dow Facility becoming available to us.
The Dow Facility is senior to most of our other debt and is secured by all of our assets (Dow is subordinate only to the capital
leases with AAOF, see Note 13 to the December 31, 2017 fi nancial statements). The loan matures on December 1, 2021
(subject to certain mandatory prepayments based on our equity fi nancing activities). Interest is payable beginning January 1,
2017, although we have elected to capitalize interest through January 1, 2019. Dow received warrant coverage of one share
of common stock for each $40 in loans received by us, equating to 20% warrant coverage, with an exercise price of $8.00 per
share for the warrants issued at closing of the initial $2 million draw. After the initial closing, the strike price of future warrants
issued are subject to adjustment if we sell shares of common stock at a lower price. As of December 31, 2017, we had issued
125,000 warrants to Dow, all with an exercise price of $8.00 per share, which are exercisable on or before the expiration date
of December 1, 2023.'

They are desperate to raise the rest so that they can 'grab' the 5 mill off DOW.

The tonnes of production are probably going into concrete as most of their sales otherwise are kg size, doesn't take any working out and tells you all here if you can be bothered to read it.

[ellissj] 17/10/2018 20:16

There's gold (vrs) and then there's fools gold (all the rest) imo. Dyor. Best ellis

[pcjoe] 17/10/2018 20:06

It should be remembered that VRS won a Govt (CPI I think?) tender for best grade Graphene & Boron Nitride not that long ago - competing against the best of the rest - None of which could make the grade it seems

Few layer Graphite might cut it for many applications - But good quality and real graphene is the holy grail for many applications - No competition yet in sight it seems

[1crackupboom] 17/10/2018 20:04

Load of rubbish being spouted by loglorry. VRS only have real graphene. That is why they were billed no 1 at the NGA. That is why nobody serious about graphene is dealing with any other company than VRS. He is just trying to ramp his share.

[pcjoe] 17/10/2018 20:00

Very quiet on the ink front recently - The Flexenable/Truly Launch is due before year end - Hopefully some good news coming up there - Truly Semi Conductors are a huge outfit & Could be an excellent customer for our inks

I see Merck are (I think !) selling our product - I have these as likely VRS source Graphene inks amongst others - Nice to see a purchase price on these & one product on the verge of being sold out






900695 for inkjet printing, photonically annealable (Aldrich)
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Estimated to ship on 01.11.18
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Graphene ink for spin/spray coating photonically annealable
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900960 for spin-coating, spray-coating, photonic annealing (Aldrich)
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[luckyorange] 17/10/2018 19:58

A reasonable comment sonny and VRS won't be the only company, they have the best product at the high end and XG have the low end with many other competitors in the same space.

Interestingly VRS could churn out the same stuff as XG but choose not to .

[sonsonnyjim] 17/10/2018 19:54

Tbf I don't see why XG have to be the enemy, Neill seems open to working with them. The market hasn't started we don't need to be the only company involved In anything, just leading a few areas

[jointer13] 17/10/2018 19:52

just a repeat of shavians post.

LogLorry/Tim: The fact that FGR signed a MoU with UoM does not mean that their graphite is graphene, or even any good. It's just a supply agreement. Time will tell whether UoM get any benefit from it.

I think UoM maybe just needed to have some names on the board pre-GEIC, to justify the inflow of money from HMG. Did they rum full testing on FGR's products before accepting their membership? Dunno. Bring on TC229 (ISO), then we'll know.

As an aside, I wonder how Neill got on with their CEO Warwick Grigor (aka 'the Prince of Aussie BS', I'm told) at the NGA Expo last night?

[tomduck] 17/10/2018 19:49

I have him filtered but we all know Loglorry has his own warped agenda, so would suggest you filter him or be happy to let him gently wind you up ;)

[loglorry1] 17/10/2018 19:44

@luckyO I didn't say that at all. Read what I write.

Why do you think XGS were on the panel with VRS if they are a "bucket shop" ?

Why do you think Ford Motors after years chose them as a supplier.

It's a tough business even at the 200mt point XGS is barely profitable. They've invested millions to be at the front. In comparison VRS is nowhere. BTW they've just done a raise the DOW loan is not a problem.

[loglorry1] 17/10/2018 19:40

But their presumably cheaper product could be used in one application, with nanene in higher spec applications, hypothetically
---------

XGS has different GnP products.

I don't think it is inferior to Nanene nor do their customers. They produce and sell around 200 tonnes a year but are scaling up rapidly. VRS produce 1kg of Nanene a day and sell none of it for material amounts.

[tomduck] 17/10/2018 19:21

Lucky O - I think you may be right, Club Sandwich could easily be Bi Polar as well as a moron.

[loglorry1] 17/10/2018 19:16

I've had a good chat with some senior guys at FGM. They are very confident that their product is at least as good as Nanene and probably better as they have a lot more flexibility to produce what their customers want for the application in question.

The message I get from FGM, XGS and others is the same. Each application is different and requires different techniques and methods and IP to incorporate the Graphene and also different morphology etc. The idea that fewest layers is best is just silly. For some applications like creating barriers in coatings having more layers is better. In any case if the aim is fewest layers most can provide that if required.

The acid test is sales and VRS are miles behind. XGS are manufacturing and selling about 200mt/year now. NR still wasting his time on Twitter bragging that they can produce 1KG a day! He should spend more time selling and scaling up imho.

I realise that I'm not popular here but frankly a lot of you come across as excited puppies. Your idea if challenging your CEO is to ask politely if anything nice is going on.

This is an incredibly competitive business. XGS has invested tens of millions into their IP, scale up etc. VRS paid a few hundred K and have around 10 people. They hired a couple of civil servants as sales managers whereas others have teams of PhDs and highly skilled material scientists who work with similar counterparts within huge businesses like Ford motors. They don't rely on flakey Apps to show a glitzy marketing message.

NR needs a bit less bluster and a lot more sales if you ask me. He's done very well getting the market cap several times higher than XGS or FGM but it feels to me that the underlying Graphene business at VRS is miles behind other companies at 1/10 of the market cap.

SuperG will tell you all that none of these companies has the product that VRS has. However in which case why no sales?

I talked to someone in the industry recently who said if they released every collaboration they signed to the market they'd have had to release 150 of them. VRS could be 3 years away from significant sales.

[luckyorange] 17/10/2018 19:07

I do wonder if it is a medication issue sometimes.


Also wondering if superg has had enough of him after the last post he made yesterday.

[jointer13] 17/10/2018 18:37

back to nursery school then by the look of things...lol.

[wuzy] 17/10/2018 18:31

Evening all,superg what is your take on what is and has been said in USA, a lot on here l think r spooked that there are actually some company's out there producing graphene, just a thought.cheers

[haz101] 17/10/2018 18:06

No truer words spoken Ellis, enjoy your evening

[shavian] 17/10/2018 17:57

LogLorry/Tim: The fact that FGR signed a MoU with UoM does not mean that their graphite is graphene, or even any good. It's just a supply agreement. Time will tell whether UoM get any benefit from it.

I think UoM maybe just needed to have some names on the board pre-GEIC, to justify the inflow of money from HMG. Did they run full testing on FGR's products before accepting their membership? Dunno. Bring on TC229 (ISO), then we'll know.

As an aside, I wonder how Neill got on with their CEO Warwick Grigor (aka 'the Prince of Aussie BS', I'm told) at the NGA Expo last night?

[ellissj] 17/10/2018 17:55

VRS ? It's not if, it's when imo ! But i thought i'd print out 'if' anyway lol ? Have a good evening all. Best ellis

If—

BY RUDYARD KIPLING

(‘Brother Square-Toes’—Rewards and Fairies)

If you can keep your head when all about you   ;

    Are losing theirs and blaming it on you,   

If you can trust yourself when all men doubt you,

    But make allowance for their doubting too;   

If you can wait and not be tired by waiting,

    Or being lied about, don’t deal in lies,

Or being hated, don’t give way to hating,

    And yet don’t look too good, nor talk too wise:


If you can dream—and not make dreams your master;   

    If you can think—and not make thoughts your aim;   

If you can meet with Triumph and Disaster

    And treat those two impostors just the same;   

If you can bear to hear the truth you’ve spoken

    Twisted by knaves to make a trap for fools,

Or watch the things you gave your life to, broken,

    And stoop and build ’em up with worn-out tools:


If you can make one heap of all your winnings

    And risk it on one turn of pitch-and-toss,

And lose, and start again at your beginnings

    And never breathe a word about your loss;

If you can force your heart and nerve and sinew

    To serve your turn long after they are gone,   

And so hold on when there is nothing in you

    Except the Will which says to them: ‘Hold on!’


If you can talk with crowds and keep your virtue,   

    Or walk with Kings—nor lose the common touch,

If neither foes nor loving friends can hurt you,

    If all men count with you, but none too much;

If you can fill the unforgiving minute

    With sixty seconds’ worth of distance run,   

Yours is the Earth and everything that’s in it,   ;

    And—which is more—you’;ll be a Man, my son!"

[sonsonnyjim] 17/10/2018 17:54

Actually loglorry, I don't. But their presumably cheaper product could be used in one application, with nanene in higher spec applications, hypothetically

[compoundup] 17/10/2018 17:53

Good spot DAFAD. Full house there, AGM, Haydale, etc. Particularly of note is Skeleton Technologies. So one could infer that VRS are now linked to another active commercial producer of supercaps other than ZapGo.