Versarien Share Discussion Threads

[2dinvestor] 03/12/2019 15:56

Yes, I did.

[club sandwich] 03/12/2019 15:52

to what? to you, saying that a HUGE deal is about to arrive any day/week/month over the past year and a half?

[festario] 03/12/2019 15:10

Did you attend the event 2D?

[2dinvestor] 03/12/2019 15:07

Oh I don't know, a pair of headphones and a couple of signed books were auctioned off for charity. Made a tidy sum :0) Conversations were within the rules. When it comes to sales it will be like watching popcorn in a microwave IMO.

[squire007] 03/12/2019 15:05

You never listen do you :-)

[club sandwich] 03/12/2019 14:42

pshevlin - or maybe not everyone in Cardiff yesterday liked what they heard and they're getting out...

[club sandwich] 03/12/2019 14:41

Talga launches commercial-scale trial of graphene coating on ocean-going cargo vessel

[pshevlin] 03/12/2019 13:51

Having said that everything getting trashed today because of the cretinous Trump. Only PET has shown a rise because that was trashed yesterday.

[top button ol but] 03/12/2019 13:50

EasyBrent - you really are trying hard aren't you? All if's and buts, just like if your Granny had balls she'd be your Grandad lol - GLALTH TBOB

[pshevlin] 03/12/2019 13:47

The problem is that there is just NOTHING CONCRETE (no pun intended) to pin a rise onto. Whatever anyone says we haven't the faintest clue as to when orders will arrive.Whilst we are holding any money invested is dead and some really don't like that which is probably why a lot of trading goes on between 90p and 1£. As long as it stays that way it is fairly safe. It just concerns me that it might move lower at some point.

[alchemy] 03/12/2019 13:34

Roughly same price as pre MaS. Well, no point in saying market's wrong. It just "is".But when this is analysed more and more as news breaks the buys will arrive.Bears will say if not when for sure. But I think it's when.

[festario] 03/12/2019 13:32

Yeah, Lucky, of course, it's all manipulation isn't it. Dear oh dear man.

[luckyorange] 03/12/2019 13:25

That was so obviously a manipulation of the price , sells within seconds of each other after posts to call it down , the Nomad and joint brokers should look into it as they are paid to do a job. But do they care and are they part of the team manipulating the share price?

[jointer13] 03/12/2019 13:20

i see the scumbags are out.

[festario] 03/12/2019 13:16

Lucky Orange, why the aggression again? Why the foul language? No one addressed you in that manner.I think you might have got outside your comfort zone here.

[bbmsionlypostafter] 03/12/2019 13:10

So still no sales to talk of then.

[easybrent] 03/12/2019 13:08

Versarien Cash Situation

Cash burn and commitment
- Versarien cash burn in the most recent reported 6 months period (1 Oct 2018 – 31 Mar 2019) was £1668k (operating activities & investing excluding acquisitions).
- Which means that the cash burn per month was £278k
- Versarien is providing a EUR 1.25m loan to Gnanomat according to the acquisition terms (25 Sep 2018). £641k (EUR 750k) drawn end of Sep 2019 and £427k (EUR 500k) drawn end of Mar 2020.

When did Versarien raise cash last time?
- Versarien raised cash last time 24 Sep 2018. The company raised £5.15m.
- Versarien cash position was app. £920k when the most recent placing took place. (Cash position was £6.07m 30 Sep 2018 according to H1 report resulting in an app. £920k cash position before the raise £6.07m-5.15m.

Conclusion
- Versarien raised cash last time when the cash balance was app. £920k
- Based on the last reported 6 months cash burn cash commitment Versarien has, the company estimated cash position would be around the £920k level in Jan 2020.
- Versarien has significant cash commitment to Gnanomat in Mar 2020 and would therefore need to address the cash situation soon.

I think its very likely that Versarien will have to raise equity soon to keep funding the corporate negative cash flow. The lack of a BIGT deal and any material revenue from graphene is all pointing in one direction the company will most likely have to raise equity soon.

Full details and references to accounts.

hxxps://twitter.com/EasyBrent/status/1201841818834477061

[luckyorange] 03/12/2019 13:08

Expect the mischief makers to come out ewads. Next they will be making up their own figures I expect.

From the AGM

¬Å“Finance? The financial position is very adequate for the immediate future. CFO Chris Leigh has been very mean with the money, holding cashflow down to £65,000/month, but as the Company gears up for production this is rising to £150-£175,000/month. Revenue is coming in from test orders of graphene, and the more traditional subsidiaries (AAC Cyroma, Total Carbide and Versarien Technologies Ltd) are contributing positively.â€�

[tini5] 03/12/2019 13:05

I'm sure they will when the customer(s) that MAS are supplying are ready to launch their product. Careful though, being astounded at your age isn't good for the system ;-)

Cheek, phone number checked out. I told them to expect a flurry of calls asking why VRS not getting a mention on their newsfeed.

[tim3416] 03/12/2019 13:03

Lol I wondered how long it would be before they trotted out the "placing" rumours to try and scare folk into selling...straight out of the shorters handbook... it's been at least a couple of months since they tried that one.

[ewads] 03/12/2019 12:58

easybrent = another added to filter : how many do ADVFN allow.

[ridicule] 03/12/2019 12:45

You have clearly never had responsibility for marketing Tini. I am astounded you think it doesn’t matter that this major breakthrough, bringing graphene (Nanene) into the apparel sector does not appear on the Mas website.

Mas have announcements on: the recycled Sri Lanka cricket team and the Rugby World Cup. I find it incredible, given the lack of VRS major sales breakthrough to date that there is nothing on the Mas website news flow stream.

[easybrent] 03/12/2019 12:44

When is the next placing coming, some estimates
hxxps://twitter.com/EasyBrent/status/1201841818834477061

[cheek212] 03/12/2019 12:37

Are you sure? Have you tried ringing it??? ?