Versarien Share Discussion Threads

[evergreen8] 04/1/2020 16:54

Mike
Lest it be interpreted otherwise I am fully in agreement with your assessment of the situation. I am encouraged that we are now negotiating with four Chinese entities seeking/competing to secure a shareholding and that the earlier concerns of loss of control and IP protection have been suggested to have been substantially resolved in relation to the new expressions of interest. But yes I agree as far as China is concerned until we hear that the contracts have been signed it is still very much IF.

[evergreen8] 04/1/2020 16:36

Mike

I fully concur that no one is able to guess the price per share that will be obliged in the event of their being a deal signed for the acquisition of up to 15% of the shareholding of VRS.

Your statement to this effect is fully supported by Neill's comment that the current or future share price, is in his words, "irrelevant" in relation to the amount per share that any inward investor would be obliged to pay for a holding in VRS.

While we have no certainty as to the price per share for such a transaction it has been suggested that it would be reasonable that it be at least equal to or greater than the 145p from the last issue. Similarly, I entirely get your point that once a number of the imminent deals have been concluded the share price is most likely to be multiples of the current share price and it would be absurd to give away 15% of the company at a value per share significantly below the market share price

My earlier post simply sought to clarify for any reader not familiar with the term 'Issued Share Capital' that your reference to the 15% of VRS that would be acquired by any investor relates to the % of the number of issued shares not the % of the market capital which would have been an easy mistake for anyone less informed than yourself to have made.

In case anyone is interested in the source of the potential confusion created by the terminology I have cut and pasted below the relevant paragraph from the RNS.

Extract from the RNS of 9th August:-
............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,

Definition of the term ISSUED SHARE CAPITAL
issued share capital:- The total of a company's shares that are held by shareholders. A company can, at any time, issue new shares up to the full amount of authorized share capital. Also called subscribed capital, or subscribed share capital.

[clint fleecewood] 04/1/2020 16:17

I've noticed a pattern on many shares that attract shorters or traders where negative posting increases over quiet periods when volume is low and shaking the confidence of just a few holders can make a real difference to the share price I imagine we will see less of this as things return to normal next week.

[red7al] 04/1/2020 14:03

MikeDo you know how VRS missed out on supplying to Inov8 and UoM, one of the partners took the contract?... My wife is a runner and the only graphene product she has heard of outside my mutterings is Inov8 trainers. Eddie

[mikebrenner] 04/1/2020 13:13

Evergreen8 you or I have no idea what the valuation will be for a placing hence I'm not bothering to speculate just stating the amount based on the current share price! NR has said that in relation to China they are applying a "western valuation to technology" and that the current share price doesn't impact this valuation they require to do a deal. Nobody really knows what this valuation is e.g NR may value VRS tech at £1b - who knows but I trust him to do the right deal for king term shareholders!However if they get in major commercial orders and decide to do a placing off the back of that eg AECOM arch, concrete, textiles, O&G, aerospace interiors etc ... then again it's likely to be a different price set more by the markets at that time and institutional demand

[mikebrenner] 04/1/2020 13:08

The best thing the UK government could do is to take risks with new technology from UK firms like Versarien and accelerate its incorporation into government funded projects eg HS2, gov housing, infrastructure projects etc ... a much more sustainable way to accelerate innovation, scale and growth for UK technology and companies vs their current focus mainly on grants, innovation funds etc ...Hopefully in Dominic Cummins risk taking world they start to do this!

[principia discordia] 04/1/2020 12:48

What's 'resigned tolerance' ?

'Wasted two decades' ?

You've previously stated that Haigh has been unemployed, living in bedsits, indulging in online nonsense since 1988 (33 years)

You've also variously claimed he's been 'trolling' you 4/6/7 years (which is it?)

Now he's been wasting his life since the New Millennium commenced.

Why this inconsistency Fest, struggling to recall your own lies?

[evergreen8] 04/1/2020 12:32

Mike
I may be wrong but i understood that the vote was 15% of 153m shares not 15% of the then market cap ie circa 23 million shares at the price per share required by the BoD which in all probability will be north of 145p. If my understanding is correct the funds receivable would be circa £30m not £18m.

[psxtalks2u] 04/1/2020 12:23

Interesting view from the Javids Spectator article. Looks likely that UK Gov will invest in Versarien from the ARPA type proposals!........""The government, he told me, will also double the sums put into research and development and has been inspired by the Pentagon’s Advanced Research Projects Agency, or ARPA. At the time, I didn’t see the significance of his ARPA reference and left it out of the interview. I later found out from James Forsyth that ARPA is all the rage, and the idea of setting up a British version is mentioned quite a lot in No10. Dominic Cummings is so keen on it that he has been using the phrase “get Brexit done, then get ARPA done”. Set up in 1958, ARPA is still inspiring hits now: driverless cars caught the public imagination in 2005 when a Stanford driverless car crossed 132 miles of desert and won a $2 million ARPA prize.

When we met, Javid spoke of a US-style tech laboratory being created here. “The US has ARPA, which looks at the major breakthroughs in technology. The British private sector is just so great at research and innovation, I think we can partner much more better, look at breakthrough technologies. And it’s something that will bring a big economic return.” SEE: hxxps://blogs.spectator.co.uk/2020/01/sajid-javid-its-time-to-tear-up-the-old-investment-rules/

[pshevlin] 04/1/2020 12:20

"You do not loose (sic) money if you do not sell"
This old chestnut needs to be put to rest. I'm not saying that it doesn't apply in this case because it is extraordinarily unlikely that VRS wil completely fail but I have had several occasions when a stock was suspended prior to failure and it was impossible to get the cash out. Bradford and Bingley springs to mind amongst others. Sometimes selling is the ONLY way to preserve cash and to say otherwise is reckless.

[alchemy] 04/1/2020 11:38

Ah well I got that . I don't regard that big in dilution terms. I was being collegiate not contentious or hoped so!I think you're the clearest communicator on here and I'm in the lower quartile , sometimes! Atb

[wuzy] 04/1/2020 11:13

Thanks MB for well balanced common sense post.

[rogerbridge] 04/1/2020 10:34

Good post MB.

I have no worries about the company, though some relatives of mine are not too happy at the moment. Fortunately, they are sensible types who also believe that Versarien, the only verified producer of graphnene has bright prospects.

You do not loose money if you do not sell. It could be a good time to add and although I have more VRS shares than maybe I should at my age, I am thinking of topping up the SIPP next week. There may not be many more opportunities before orders arrive.

[grabster] 04/1/2020 10:27

Although Aecom are ahead of their competitors in offering innovative engineering, they don't gamble on risky technology. If they are prepared to go with Versarien materials - and have named Versarien when doing so - it will be because they thoroughly trust what Versarien's materials have proved themselves capable of.

Aecom (for those clowns who ask "Who?) is a 20 billion dollar company with a reputation to protect. And with access to every graphene producer in the world, they have chosen to work with Versarien.

[markyboy5] 04/1/2020 10:05

I think Aecom are the game changer

Clients in every region of the world turn to AECOM to solve their toughest engineering challenges: the longest bridges, the most energy-efficient buildings, the deepest tunnels, the cleanest energy plants, the most sensitive and secure facilities.

[matheus7777] 04/1/2020 09:59

Yet we are expected to believe in a minority of posters who despite no investment in the company are increasingly spending their time on this board (apparently for OUR benefit), in an attempt to claim that it is a complete fantasy, that the Chinese government has no interest, that a global company like AECOM is irrelevant, and that having at least 12 months cash in hand is somehow some sort of disadvantage

[alchemy] 04/1/2020 09:52

I didn't know that there was a large placing, not as such. I knew China was to take a stake and others could join in. Is that what you meant?You put an if by China, I don't think the company has?Surely also re the burn rate and time before cash dwindles we could actually deliver and invoice some Nanene ? That's the model of commercialisation. I found your post questioning to a degree the model that I have .I thought my model was the orthodox one.atb. Copper to Gold, Carbon to riches.

[vice versa] 04/1/2020 09:46

Who is proactively selling to U.K. blue chip companies for which we know nanene can add instant value? If noone is, why?

[forestfred] 04/1/2020 09:44

MB

Good black and white post .

Yep I believe .

Ff

[phoenixs] 04/1/2020 09:31

Mike, we also know that VRS have a production capacity already in place at circa 3 tons p.a. which in itself, when commercial orders are signed, will generate substantial income.