Versarien Share Discussion Threads

[jointer13] 09/8/2019 08:24

i have said it before...and always thought it.

once we get verification of our graphene {we have} and orders coming in we are going to be in the spotlight for a takeover {I hope not)

I cannot see the big boys letting us run with this superb technology.

we will see.

[chillpill] 09/8/2019 08:20

Backs up the theory that TW is worse for British Industry than Jeremy Corbyn!

[ashehzi] 09/8/2019 08:20

If NR reads this thread, please see Elon Musk troubles with US SEC because he keeps talking too much like selling Tesla at $420 because it was a cool number with his girlfriend or whatever. We make mistakes, so not too much engagement is good on twitter.

I don't mind. I added 10K on the dip but for a growing company, it could create more problems in the future and in the end, it hurts investors for nothing. Few poor souls stop losses got hit today in the morning.

[bgt1] 09/8/2019 08:18

I agree, detractors are trying to mudsling, then report their perceived info gained to the nomad who in turn then advises that an RNS is released to give clarity to all.However, in my opinion this release is positive for VRS. We've gone along with the BIGT deal as it's the best for VRS but we are aware that some investors in China desperately want a big slice too. They obviously see its potential and are aware of the size of their graphene needs, never mind the global marketplace

[jointer13] 09/8/2019 08:15

I like it !

'its happening'

[grabster] 09/8/2019 08:14

How on Earth did NR think he could casually mention a 29.9% offer on Twitter without it having to be rns'd?? Unprofessional, Neill!

Good though the BIGT update is, I can understand why an MM or two were spooked initially by the clumsiness of that tweet and the timing of the rushed rns.

[chillpill] 09/8/2019 08:14

It’s all about taking the company to the next level and making it a very clear leader in the Graphene world.

This is why the shorts have been very vocal as they recognise with the Chinese Govt becoming the biggest shareholder it will transform the company.

[willoicc] 09/8/2019 08:12

Naughty boy Neill.

LOL

[shavian] 09/8/2019 08:11

Thanks MMs for another nice top up opportunity.

Well, that clears the air on Twitter - perhaps Westbrook, Game and Co can now STFU.

Edit: Oh drat, too slow -what a bounce!

[benevolent] 09/8/2019 08:10

Versarien PLC China Update and Clarification

09/08/2019 7:54am

UK Regulatory (RNS & others)



Versarien (LSE:VRS)
Intraday Stock Chart

Today : Friday 9 August 2019
Click Here for more Versarien Charts.
TIDMVRS

RNS Number : 5325I

Versarien PLC

09 August 2019

9 August 2019

Versarien plc

("Versarien" or the "Company")

China Update and Clarification

Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to provide an update and clarification on its plans for expansion into China.

On 15 April 2019, the Company announced that it had signed a term sheet with the Beijing Institute of Graphene Technology Co. Ltd ("BIGT") covering the proposed cooperation between the parties to develop Versarien's graphene related business in China. The term sheet envisaged that BIGT would provide funding to Versarien for the proposed wholly owned subsidiary ("WFOE") and other corporate purposes in the form of an equity investment, providing BIGT with a holding of up to 15% of the issued share capital of the Company, whilst giving existing and prospective private and institutional shareholders the opportunity to participate on the same terms.

The Company can confirm that discussions between BIGT and the Company remain ongoing and that the WFOE has now been successfully incorporated as the Beijing Versarien Technology Company Limited and the business licence has been granted by the relevant Chinese authorities. This will enable the Directors to progress the funding discussions with BIGT. We look forward to updating shareholders regarding developments as appropriate.

The Company has previously stated that any deal has to be in the best interests of it and its shareholders and consequently the Company has been working with several parties to secure the most appropriate deal in China. With regards to a reference made by Neill Ricketts, CEO of the Company, on 8 August 2019, on Twitter, that the Company had another Chinese investor who was interested in up to 29.9% of the Company, the Company can confirm it previously received a proposal from an investor that cited interest to subscribe for shares up to that amount, but this was rejected and the Board determined that the terms with BIGT provided the best opportunity.

Enquiries:

Versarien

[owenga] 09/8/2019 08:10

Whoever bout 20k at 114p got a bargain!

[senden11] 09/8/2019 08:10

Competition is healthy - a positive, progressive RNS in my view.

[joeblogg2] 09/8/2019 08:09

Can anyone explain reason for releasing rns 2 mins before mkt open?

[zagrosfold] 09/8/2019 08:09

5k at 120. Still a bargain imo.

[owenga] 09/8/2019 08:09

Business licence...

[wuzy] 09/8/2019 08:09

We're is Rns? none on my screen

[superg1] 09/8/2019 08:08

Same on mine Zagros

[owenga] 09/8/2019 08:08

Great that company has now been set up in China and got its business

[harrysol] 09/8/2019 08:07

I expect VRS will become a takeover target. That's the only option.

[joeblogg2] 09/8/2019 08:06

Crazy reaction, not sure who is selling or mm tricks ?

[lovat scout] 09/8/2019 08:04

I suspect Nomad suggested RNS to ensure whole market up to speed, not just twitterati and bbs