Versarien Share Discussion Threads

[cashorcard] 21/5/2019 17:17

Fest - you really are lost soul with what seems no agenda.
Buy VRS, sell VRS, buyIOF, IOF tanks, nit pick at VRS and it will go on and on.
Try attending the investor days, AGM etc and understand the business, along with its products, people and the LONG TERM strategy, otherwise you will suffer on a daily basis.

[schmally] 21/5/2019 17:06

Fest, Neill never suggested "everything was in hand" or that a deal was imminent. When asked a direct question about timescales he stated that if they wanted they could be up an running by June last year. However, it was not in shareholders interest to agree that initial deal due to the risks involved and the valuation suggested by the Chinese. Clearly, things have progressed in terms of new Chinese partners, increased opportunities and with that, comes complexity and a need for added caution.

[chumbo1] 21/5/2019 17:02

Dr Denis Koltsov:Just co-Chaired the session on standards for graphene industry at NGA Expo #ngaexpo. Absolutely amazing feedback on standards and terminology from key graphene industry players. I sincerely hope this will foster closer engagement of industry in developing...lnkd.in/gi_T6yJ

[laginaneil] 21/5/2019 17:01

Hello Folks,

I gave Fest a couple of ticks (I'm not short) ! He put his point very politely and drew some good debate.

Conclusion - They will 'screw' us some time in the future, we just have to hope
Neill can engineer it so it cost them a LOT to risk it!

China may be the biggest bit of the 'pie' but the US, Europe rest of world is still massive compared to were we are now. Getting all that up and running as someone said, should produce income and pressure China for a good deal.

I also hope Nanene has lot's of uses, rubber, concrete, glass and not just plastic 'nik nacks'.

I think somewhere we eluded to brexit 'effects'. Could the 'i's and 't's of the contract depend on our trading position post exit?

I watch the US conference with great interest.

[festario] 21/5/2019 16:52

I have no influence of any kind, I'm married.

[festario] 21/5/2019 16:51

Schmally, I did spend about 10% of my working life in China, HK, India etc.. and I'm fully au fait with the cultural differences. None of this has anything to do with my point.The Chinese were strident in their greed to get moving, our CEO assured us that everything including the IP and financing were fully in hand.16 months later we have not progressed it would seen, in part for those very reasons.

[fireball xl5] 21/5/2019 16:39

That is more than lenient Fest, main course 2 hours after the starter, I'd have been dining elsewhere by then lol.Lest we forget: VRS is a fledgling, the infrastructure is required to meet the expectations of the conglomerates. We have to grow with the ever increasing customer base to service demands. The government and DIT are part and parcel of the nurturing and protecting of this seed of plenty. Everything has its purpose and place. We need to protect, grow, deliver.

[schmally] 21/5/2019 16:33

Fest, Surely you could have thought of a better analogy than that. Comparing the minefield of Chinese manufacturing, contract law and IP protection with ordering a steak and an ice cream. If that sums up your simplistic understanding of Chinese deal making, then I'm no longer surprised by your wider ignorance. You are however, fully entitled to raise concerns, but surely that should be in a balanced, accurate and fair manner, taking into account all facts to hand, rather than selective information to twist an argument.

[festario] 21/5/2019 16:27

No problem, as you say it's not an issue. But stamping out those who raise an issue is.I hate rampers and derampers in equal measure, I'm all about a bit of balance and it shouldn't frighten anyone.

[bisho4] 21/5/2019 16:26

Fest, apologies, I missed that one.

[festario] 21/5/2019 16:25

Bish04, Richgrumpa, check earlier.

[bisho4] 21/5/2019 16:24

Fest, who said no one agreed with you? You seem to be arguing a point that wasn't there.

There are a lot of armchair-CEOs (and shorters) on social media and message boards, so 24 "likes" doesn't prove anything worthwhile.

edit: what it comes back to is that you weren't mentioning an aspect of the company you didn't like, and try to stimulate some debate, you were just being relentlessly negative. Again.

[festario] 21/5/2019 16:19

Schmally, do I not have the right to mention a particular aspect of one part of the company that I have concerns about?The next time you go out for a meal and your main course doesn't arrive 2 hours after your starter, I don't want you complaining then. It's no different.

[schmally] 21/5/2019 16:10

Fest...With regards to your 24 votes, have you forgotten how many trolls, shorters and detractors with dubious agendas haunt this board. Fortunately for them, they don't have to post so much anymore, because you are sowing the seeds of doubt for them. Hardly a surprise they give you a few thumbs up.

[festario] 21/5/2019 16:09

Correct, I've never been bothered about them. I'm simply responding to the person who said no one agreed with me, when patently very many do.

[luminoso] 21/5/2019 16:06

votes ( like tick downs) prove nothing.
They just give a warm fuzzy feeling. ;)

[schmally] 21/5/2019 16:06

Absolutely spot on Mike. Fest, if you had attended any of the investor meetings, you would have had reasonable answers. Neill has explained these points and made it clear that valuations were a sticking point initially with Jinan and then following Peter Jay's secondment, there was a rapid increase in the number of Chinese entities/provinces that wanted to strike deals. This put VRS in a far stronger negotiating position, but by the same token added huge layers of extra complexity and risk, which they needed government support to try and navigate. It's my belief that Neill's efforts to build interest and commitment from the US, is a ploy specifically designed to leverage improved valuations and terms from any prospective Chinese partners/customers. Unfortunately, you don't seem to want to listen to the perfectly legitimate and understandable reasons why any Chinese deal is taking so long. I for one am massively thankful that Neill was savvy enough to rebuff initial offers and put deals on hold until appropriate reassurances and structures were in place.

[festario] 21/5/2019 15:56

.... and now 24 votes for the post I made about that earlier kind of proves my point.

[festario] 21/5/2019 15:55

Woody, with all due respect that's not an update.How can we go from armies of lawyers thrashing out the detail over a year ago....... to 'we are dotting the i's' 8 months later.... and then to a phrase like 'prefer any manufacturing plant to be there'?It's a very blasé statement in my opinion, and you know it's being troubling me for over a year. If anything, we seem further from the Jinan deal now than at any point.I still firmly believe that the nomad pushed for that to go out, and got the boot because of it, because it became undeliverable in any sensible time frame.I'd love to be proved wrong.

[anley] 21/5/2019 15:53

WELL PUT......Mike.

[woodpeckers] 21/5/2019 15:47

Ellis, so sorry to hear of your mum's fall, best wishes to her.

Ade, if it's a Jinan update you're after, there is one in the BIGT rns that i put up ...."This would not preclude Versarien entering into other ventures in China and it remains the Company's preference that any Chinese manufacturing base is situated in Jinan."

[markyboy5] 21/5/2019 15:26

I have posted this before

IP theft is in the news a lot 1 in 5 corporations say China has stolen their IP within the last year: CNBC CFO survey
Vrs have to be cautious