Versarien Share Discussion Threads

[rainbow23] 12/12/2019 07:42

I see that the deluded faithful still haven't woken up to reality. 60p open,50p close I reckon. TW is going to have a field day today.

[club sandwich] 12/12/2019 07:39

If I'd bought into the fundraise I'd be taking legal advice about a class action alleging negligent - or in the alternative fraudulent - misrepresentation by Ricketts.

[soilderboy] 12/12/2019 07:39

Been saying years that he needs to go kno king on doors. Orders orders !!!!!!Your all living his dream!

[richgrumpa] 12/12/2019 07:39

I read all posts on all threads, so no surprises that the usual suspects do their best to trash the company on results day; most, apart from the certifiable, are just hoping to get back in at a bargain price. This is still, as far as I am concerned, the most exciting company I have come across in many years of investing. Of course, dyor and glalth's!

[alchemy] 12/12/2019 07:39

Progress elsewhere? In China or Burley in Wharfedale?

[jointer13] 12/12/2019 07:36

"Whilst progress in China has been slower than we initially anticipated, we are pleased that we have a number of options and any delays have been more than offset by progress elsewhere."

[rainbow23] 12/12/2019 07:36

VRS is hurtling towards oblivion. Even the most ardent followers of Ricketts must now realise that they've been well and truly led up the garden path by his undelivered promises. What price the next fundraising? His blind followers insist that Ricketts isn't
like the majority of aim CEOs. They're right, he's much worse. This will all end in tears.

[soilderboy] 12/12/2019 07:34

This will go bust.

[ewads] 12/12/2019 07:34

No surprises in this statement.
Nothing has reached fruition yet and nothing has dropped off the list. This pre commercilisation period does cost money though, so does need some revenue of note in 1H20

[jointer13] 12/12/2019 07:34

look forward

and see what is ahead

[grabster] 12/12/2019 07:31

".. now actively working on 40 mainstream projects with our commercial partners, have a further 24 projects underway and active research ongoing on another 17.." That's 81.

[1teepee] 12/12/2019 07:31

What's biogrene?

[1smallcap] 12/12/2019 07:31

No good enough, not by a long stretch. Terrible financial results, a lacklustre outlook, a highly tempered tone in general and no real sign of an imminent deal.

[club sandwich] 12/12/2019 07:30

Ridicule - what scale? As the numbers prove beyond any doubt they can’t even sell the product from the 3T machine. Either Rickets was lying when he said that machine was working flat-out, or he was lying when he said they charge for all samples.

And remember - these numbers have that 12Kgs order in! Strip that out and underlying revenues have fallen off a cliff!

Ricketts owes us a full explanation, followed by a leter of resignation. These are absolutely apalling numbers and a dire FL statemen.

[jointer13] 12/12/2019 07:27

we are growing bigger which is what its all about

[ridicule] 12/12/2019 07:25

China is complex and may take longer to move forward and at what scale? I feel reassured on AECOM. The arch is still on test and there is a clear statement that the revenues when it starts to be deployed will be significant.

[squire007] 12/12/2019 07:25

All good and more info and news coming :-)

[festario] 12/12/2019 07:21

The FL statement sounds good, but they always do don't they?The numbers are appalling and that's what drives the share price

[davemac3] 12/12/2019 07:21

No mention of scale up beyond 3 tonnes. Looks like the demand is not there. Also discussion about cost/ benefit analysis in one of the collaborations, I thought that was sorted upfront.

[chillpill] 12/12/2019 07:21

So burn rate is 275k per month and they used £1.652m. They have cash until August at that rate which gives plenty of time for BIGT to be finalised...not how some tried to paint the situation with their usual misinformation!

[snoopy12] 12/12/2019 07:20

My main concern is the cash position. Dwindling, they may have to do another cash raise. They are going through a lot of cash. So they might have to in the coming months. Let us hope they get some juicy contracts with advance payments.

[club sandwich] 12/12/2019 07:20

"Very happy with these interims. No surprises, just good, solid foundation-building."

Utterly delusional.