Versarien Share Discussion Threads

[squire007] 25/3/2024 23:14

It was a classic pump and dump, they even kept the news back an extra day to fill their boots ... :-0..

[pwhite73] 25/3/2024 22:54

1retirement - "Pre placing pump."

There is no such thing as a pre-placing pump. This is just an ignorant myth spread by PIs who don't understand what's going on.

Placings only work if they are pitched at a price that PIs sellers cannot compete with. That's why they are always at a discount to the current price.

The MM had 492 million shares to sell for which they paid 0.125p. If they pump the stock up to 0.26p prior to the announcement of the placing PIs who bought well under 0.26p cash in their profits so the MM can't shift the placing shares because they are competing with PIs for buyers.

In fact since the announcement of the first deal on 11/03/24 up to 19/03/24 the day before the placing there were 240 million buys and 265 million sells. So about even.

The markets took a genuine interest in the two licenced deals and rerated the stock. There was no placing related pump.

Indeed the last placing was on 19/01/24 at 0.080p. This was a near 50% discount to the previous week's price of 0.15p. There was no deals announced before that placing or any of the other placings since Hodge became CEO. For a placing to work the MM cannot have competition for buyers.

Don't let me hear or catch anyone of you talking nonsense about pre-placing pumps again.

[1retirement] 25/3/2024 19:48

Dunning-Kruger. He can't see it, everyone else can.

[1retirement] 25/3/2024 19:46

Pre placing pump. You not seen this before? You should have arrived on this share a few years ago, you'd have seen it repeatedly.

[smokeyjohnson] 25/3/2024 18:11

Was the re-rating and traction last year also spoiled by a placing when the price went from approx 1p to something like 6 or 7 at the pump peak? Seem to remember you saying a similar thing at the time.

But it's different this time? Pretty sure it was different last time, until it wasn't.

[pwhite73] 25/3/2024 18:07

Ok smart alec why did the price move from 0.09p on 08/03/24 to peak of 0.26p on 19/03/24 if the markets thought nothing of the deals. What caused the near 200% jump?

That's your homework for evening. Feel free to call a friend.

[pwhite73] 25/3/2024 17:22

After a decade of fake RNS announcements the markets are not concerned about the size of the deals what they want to see is real traction from real commercial deals signed with real companies. This the market assumes will lead to greater things.

On 08/03/24 the Friday before the Korean deal was announced the price closed at 0.09p

On 11/03/24 when the Korean deal was announced the price closed at 0.11p.

On 14/03/24 when the Brazilian deal was announced the price closed at 13p

On 19/03/24 the price peaked at 0.26p.

So the peak price of 0.26p was reflective of a re-rating until the placing was announced on 20/03/24. Even at 0.12p today the price is between the Korean and the Brazil deal dates, still holding onto the gains from the first deal.

This will rerate again.

[smokeyjohnson] 25/3/2024 17:03

They stand on their own in that they're separate entities. The value of the licensing deals don't really stand on their own though compared to the debt mountain and the amount they're raising through placings. I would say there was a certain element of timing to the announcements for sure.

[pwhite73] 25/3/2024 16:46

The two licensing announcements stand on their own unless Montana based in Brazil and MCK Tech based in South Korea were in on the pumping fraud and timed the signing of the deals to coincide with the year end going concern results and the placing.

[pwhite73] 25/3/2024 16:27

The placing threw a spanner in the works of the rerating after the two licencing announcements but unfortunately it was a necessity to set the company up for the longer plan.

Down again today but I sense we are now at the dregs end of the placing.

[supernumerary] 25/3/2024 13:56

And it's patently clear that you live in your own fantasy world. As a matter of fact, it's not a question of someone owning more than 3% but of someone going across a reporting boundary. Not happened in 2 years. lol.

[squire007] 25/3/2024 13:31

They pre sold all of them this is just fekking about time again MMs made a killing as usual ffs :-))

[pwhite73] 25/3/2024 13:16

Its patently clear you don't know how equity issues work, who gave VRS £615k and what role the MM, brokers and nomads play. Literally all of VRS's new equity would go through the hands of MM. The MM then sell them onto PIs.

There is no TR1s in the last two years because nobody has declared a holding of 3% or more and why would they given what was going on under the previous CEO.

With the new CEO in place and real IP commercial contracts being signed I expect this to change.

[supernumerary] 25/3/2024 13:00

It's still rubbish - no TR-1 for 2 years! I suggest you find yourself a market maker and ask him what are the odds of him taking on over a billion shares of this dross.

[pwhite73] 25/3/2024 12:18

supernumerary - When there is a placing the MM advance the money to the company in this case £615k and sell the shares onto PIs, the majority forward sold. They are not in the business of holding placing shares themselves for the very reasons you have quoted.

So although the 492m shares represented a 50% increase no TR1 is required if the MM are the ones holding the shares until they sell them onto PIs. You misunderstood my response if you thought I was implying MM had been accumulating VRS shares. They are certainly not. I hope this clarifies the matter.

[kemche] 25/3/2024 09:57

PW, Will you stand by "never had the chance to buy at the placing price and I doubt if they ever will."?

[bbmsionlypostafter mk2] 25/3/2024 09:54

smokey,

"History rarely dictates the future" made me laugh too.

[smokeyjohnson] 25/3/2024 09:39

But "History rarely dictates the future" so how do you do this?

[bbmsionlypostafter mk2] 25/3/2024 09:28

Pretty quiet here today so I was having a flick back at old pots, thinking of doing a TDIH.

Do you know what I discovered?

I discovered that I have the gift of foresight. I could foresee what was going to happen here with eerie accuracy.

Would you like to see some examples?

[the cronk] 24/3/2024 23:50

pw,

You said "Companies that have an endless supply of mug PIs can get up to 300 posts a day on LSE chat without any specific news."


Well there seem to be many posts on ADVFN every day without any specific or significant news, so that proves your point.