Versarien Share Discussion Threads

[spike_1] 11/2/2020 09:48

Back peddling again Log, no surprise there then.

And less of the 'You may not like it' again another hint and innuendo.

[loglorry1] 11/2/2020 09:41

Sorry Spike it will do and is a very likely explanation of the increased cash burn. You may not like it but it makes a lot of sense.

Again the company can easily be clear and tell us if it wanted to. We don't need to speculate about the €750k loan to Gnano if they just came clean about it.

If you like forget about my theory for increased cash burn. What would your explanation be?

[squire007] 11/2/2020 09:35

All other graphene, never mind nanene are so far behind, its why we are waiting. Its there by Aecom done, 2year head start. Clothing sorted :-) O&G sorted... media and telecoms right behind. But the big one is BATTERIES ... and we have the in there too .... schhhhh .... :-0

[spike_1] 11/2/2020 09:33

Log - sorry but that won't do. You put your statement in quotes (below) with the intention of implying it is factually correct i.e. taken verbatim from the Interims.

So, I ask again: Please also provide the actual quote from the interims that you have put in quotes to suggest this is what the company said. i.e. please state exactly where this is in the intermims.


Log: you say: 'The interim report states that the traditional business was being restructured to focus on more high margin business as revenues were in decline.'

[evergreen8] 11/2/2020 09:31

Jules
Completely agree.
When you value the future benefits as opposed to the past nascent pre commercial period it is VASTLY underpriced which is why the MM put a target on our back.

High quality Graphene has enormous potential and VRS is The only producer on the planet able to deliver in commercial volume.

The MM see that the first of many commercial deals are being concluded right now so they want as much of the imminent rise in share price ad possible.

As for the detractors who have nothing to do with the drop in the share price they are stamping their feet and jumping up and down on a thin crust of cooled lava. I wish them every success in achieving the breakthrough that they have worked day and night to achieve.

[adejuk] 11/2/2020 09:27

jeez
filter the mendacious piece of wood

[spike_1] 11/2/2020 09:24

Log: you say: 'The interim report states that the traditional business was being restructured to focus on more high margin business as revenues were in decline.'

So - you have absolutely no evidence that employees are being let go - thought not.

Please also provide the actual quote from the interims that you have put in quotes to suggest this is what the company said. i.e. please state exactly where this is in the intermims.

[loglorry1] 11/2/2020 09:18

@tinit5

It is, but that wouldn't explain the sudden increase in cash burn. The only sensible reason I can think of is to take a short term hit to protect longer term cash levels. That theory does tie up with the statement made in the Interims too.


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It's also reasonable to speculate that staff can be redeployed into other parts of the group rather than making them redundant.

[mandatory] 11/2/2020 09:17

Well I have decided I am going to ride this out and if it ends up in the 30s or 20s I will top when I have funds next month.

Im pretty confident one of the 5 (or 4 as I think China is not going to materialise any time soon) will result in an order - I hope it’s Aecom and the shares will rerate.

I almost hope it doesn’t happen before my top up but on the other hand I’d like the pain of watching it fall to end. I’m not a masochist.

[evergreen8] 11/2/2020 09:14

Buys outnumber sells 2:1 as before volume significantly down - is availability drying up?
No point in the MM dropping the share price if there is no low hanging fruit left to be harvested.

Good five million or so changed hands over recent days with the short term potential of being worth 5x the purchase price once the imminent news of the current commercial discussions having been successfully concluded is delivered - a nice little earner for a few days work n’est pas.

[festario] 11/2/2020 09:14

Have you not learned that ADVFN only guess at them?

[adejuk] 11/2/2020 09:13

and still buys outnumber sells

[adejuk] 11/2/2020 09:12

if it's not being shorted then this is capitulation

[tini5] 11/2/2020 09:10

It's also reasonable to speculate that staff can be redeployed into other parts of the group rather than making them redundant.

[club sandwich] 11/2/2020 09:10

"We are all furious. Scumbags."

scumbags? What, the people who bought into the fund raise at 145p? That seems a little harsh... I thought Rastafari were meant to be more forgiving people?

[loglorry1] 11/2/2020 09:08

I said "I suspect", not "I know".

However, I refer you back to the Interims:




Hard Wear and Metallic Products

Revenue for the period remained steady at £2.52 million (H1 2018: £2.43 million), but increased operational efficiencies resulted in a 56% increase in EBITDA before exceptional items to £0.39 million (H1 2018: £0.25 million).

'Operational efficiencies' is often a term used when companies are sacking people.

I noted it at the time and thought that it was worth keeping an eye on. After yesterday's RNS, it seems that cash burn has increased at VRS. Even Ricketts isn't daft enough to spend MORE money when they are running out of cash so what would cause them to do that. Well, it would make sense if the legacy business was about to fall into a loss making situation which would be a bigger drain on precious cash resources. In such a situation, it would make sense to cut back and stump up for redundancy payments.

Yes, it's speculation, but it is reasonable speculation. What's more, it is prompted by VRS's own lack of transaparency in yesterday's RNS.
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Log: re your: 'I suspect one reason for that is redundancy payments at the legacy business.'

PLEASE SUPPLY EVIDENCE that people are being let go at VRS or is this yet another one of your slimy unsupported claims.

[andy] 11/2/2020 09:08

Simon Templar


"His activities have been reported to the authorities, but there is little hope that any action will be taken."

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Whose "activities" have been reported, and to whom, and what were they, out of interest?

[rainbow23] 11/2/2020 09:05

No bigt,no orders, no revenues, no credibility and very soon no cash. Never mind,there's plenty of jam.

[loglorry1] 11/2/2020 09:01

Edit better reply with references below.

[squire007] 11/2/2020 08:56

Club are you totally warped out fekking stoopid ... lol