Versarien Share Discussion Threads

[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

[schmally] 21/5/2019 14:57

Philby... Why should the cautious approach adopted by VRS to protect their IP be a cause for concern. I'd say it's the total opposite. If Neill had jumped into the first deal with £££;$$$ signs spinning in his eyes, shareholders could well have been sold down the river. However, he's not motivated to take the first big offer/s on the table. His motivation is to build a successful global company with a meaningful positive impact in the UK and beyond. He is cleverly building relationships, fostering increased levels of interest/support/respect and now using those relationships and increased governmental support to leverage significantly enhanced deals compared to the initial Jinan offer. I'm in no doubt we will look back in 2-3 years at the initial Jinan deal as insignificant compared to what I believe are significantly larger global deals now taking shape.

[philbyk14] 21/5/2019 14:39

I don't know whether your comments are correct but after all this time to be unsure on IP protection and valuation when dealing with China and their track record on both should be concerning!

[grabster] 21/5/2019 14:36

Hope your Mum recovers quick from her injury Steve. My own Mum (97) tripped/fell face first onto kitchen floor a couple of months ago, catching eye on corner of fridge on her way down. Facial damage looked horrendous and shoulder/arms/ribs took a bad bashing. We feared the shock and pain might be something from which she might not recover at all at her age - but 3 weeks later after some NHS tlc she was back to normal. Hope you find the same.

[top button ol but] 21/5/2019 14:32

adeuk - IMO, my understanding is this - I have never seen a RNS saying up and running by June (can you post link?). However, I seem to remember Neill saying in a pod cast that the Chinese wanted us up and running, and following the PM visit we had better chances to leverage a deal that protects IP and better valuation.
Additionally, I cant remember any deal with aecom ever mentioned, only that VRS would expect to update through further announcements but no actual dates that I can see. I think you would find that a listed company is commercially prohibited to actually list a date in advance anyway. Then through various people investigating found 2+2 and made 6 it seems.
It seems a few people are impatient with the potential here as it's huge, but if you really are an investor long term and believe in the story it will come when it comes. TBOB

[hattie1] 21/5/2019 14:13

Sorry to hear about your Mum , hope she makes a good recovery..

[festario] 21/5/2019 14:03

So sorry to hear about your Mum, such a shock for her. It's good that you can be on hand.

[shavian] 21/5/2019 14:00

Steve, sorry to hear about your Ma, not easy in old age. Hope she mends well.

Meanwhile in China: Pres Xi visited a Chinese rare earths miner yesterday (according to IC) setting off rumours that China will be 'weaponising' critical battery materials in its trade war with the US. Implications for us are as yet unclear except to say that any company with any clear technological leads in battery tech is going to be increasingly sought after by both sides in this dispute.

Ouch - are those fence posts I feel sticking into my bottom?