Versarien Share Discussion Threads

[kemche] 29/4/2023 09:20

Why are the UAE so anti VRS?

[kemche] 29/4/2023 09:15

Alchemy, 50% to VRS?
Whoosh!

[alchemy] 29/4/2023 09:08

The Middle East investment surely you guys use Google ? Put Univetsity of Manchester 1 Billion investment graphene into it. Come on you're a lap behind guys

[iceagefarmer] 29/4/2023 05:56

David Stone role
Phase One: Stabilisation
• Work up a 100 day plan that includes:
○ Focus of cost cutting
○ Pause all non-core activities that will not impact longer term development.
○ Review which areas of the Company (Group) can achieve breakeven, positive EBITDA quickly.
○ Continue with the sale of the two non-core businesses: Total Carbide Ltd & AAC Cyroma Ltd.
David Stone role
Phase Two: Strategic Plan
• Review and redefine the approach the Company (Group) takes with:
○ Commercial opportunities / Joint Ventures
○ How to transition from R & D to commercial
○ What resource is needed for R & D and pre-commercial development
○ How to exit elements of Company / Group that are defined as non-core going forward.
○ Plan Roadmap for delivery.
Conclusion
“We will continue to seek grant funding to support our operations but will also
need the support of investors either strategic or in capital markets to fund the
business until such time as the graphene market gains traction and material
commercial revenues flow.”

[iceagefarmer] 29/4/2023 05:54

Focus on Construction and Textiles
• Highest technology readiness level, significant market opportunities
• Already starting to see the emergence of commercial revenues
• Construction - total value graphene opportunity per annum estimated to be £888m by 2028
○ In-house testing taking place with large ready-mix manufacturers
• Textiles and footwear - total value graphene opportunity per annum estimated to be £363m by 2028
○ Working with Umbro, Bia Brazil and GoToGym

[iceagefarmer] 29/4/2023 05:53

4
Cost base and options
Introduction and working with David Stone
Cost base
• Historic burn rate has been ~ £400,000 per month
• Redundancies and other cost cutting measures have been made providing costs savings which are
now coming into effect
• Future burn rate needs further reducing to match availability of funding
Options
• Divest two mature businesses - Total Carbide and AAC Cyroma
• Review overseas operations in Spain and South Korea
• Concentrate on construction and textiles sectors – return to other sectors when profitable
• Retain core know-how and IP
• Minimise PLC overheads

[festario] 28/4/2023 21:38

He talks in riddles, he has never made one iota of sense, in all the years.

[diku] 28/4/2023 20:53

What no wombat photos?...

[alchemy] 28/4/2023 20:23

That's big big news for U.K. and graphene

[festario] 28/4/2023 19:50

Not very bright is he? I wonder if Neil will sue him for defamation?

[kemche] 28/4/2023 18:36

𝑻𝒉𝒆 𝑫𝒐𝒄 🇨🇾
@DDS_DocHoliday
·
4h
#VRS Hands up

A total mess, no interest by the board to fix the mess they made!

Shame as felt it had potential, but what can you do if the company aren't willing the help itself






When did you realise that this was a POS?

[fuji99] 28/4/2023 15:24

Were their supposedly results from 2018 audited ?

[fuji99] 28/4/2023 15:18

Unfortunately these things happen all the time.

[fuji99] 28/4/2023 15:06

I really feel sorry for any naive still believing there is some kind of outcome. We are dealing with an empty shell, without any cash or technology, with no prospect or future at all.
So IMO there is nothing to wait for apart from an announcement for suspension in Aim after calling in the administrators. However, PI's must push for clarity regarding turnover, losses etc. announced for the last 5 years because I am not sure these were audited at all. When one is dealing with crooks, you have to push to get any money back. Just check out what's happening with WAND where many were already trapped and losing thousands.

[theblueturtle] 28/4/2023 14:54

Imbecile !!

[kemche] 28/4/2023 13:53

Once Paul warwick has taken everyone to court then we will see who's laughing.

Classic treeshake MOFO Friday trading. WWTBOATW!

GLA LTHers!

[iceagefarmer] 28/4/2023 13:28

shareprice reminds me of zioc's before it 5 bagged..just a matter of sitting back and chilling now ,come back in 6 months for a nice fat profit

[ronnyg1] 28/4/2023 12:51

Dean many on here have described you as a tortured soul, who flights from bedsit to bedsit spewing your vitriol. Just remember, stay strong you've always got your dignity! ?

[laginaneil] 28/4/2023 09:37

Worth a watch very long term ..maybe - 'new supercapacitor Gii-Cap'

[terminator101] 28/4/2023 08:06

100%. When iceagefarmer aka John Casey and his fantasy city mates and those fantasy Mayfair lads and their fantasy big fat wedge turn up you know a share is totally doomed. The big question is will he have to sell his van, which would be worrying as there's so few public conveniences these days.