Versarien Share Discussion Threads

[festario] 29/5/2024 10:20

I doubt very much that Prompt are still involved at VRS. If they are, they need to change their name, that much is certain.

[1manchild] 29/5/2024 10:03

pwhite - you are ahead of me on very little. you still live in a dreamland that prompt is the saviour of versarien and the management are doing a good job despite the evidence which says otherwise. we are actually worse off than under NR as it stands.

the rationale you use on the government not pulling in the loan is nonsense. in fact it is laughable. you are acting like a mad scientist mentioning the governments net zero targets and versarien in the same sentence. the government does have net zero targets - renewable energy - ev etc - but versarien is not factored into the governments net zero targets one bit. you talk like you expecting a minister to say - 'and of course we are just waiting for versarien to save us in our net zero target ambitions'? the going concern part you mention is your own interpretation which has been issued by the tin pot versarien board anyway - and even then it states that it will only stay in this position based on asset sales and equity which is what the accountants would have insisted loan or no loan.

your point on diane - i will give you one small bit of credit in that it appears she is part of the retail sector council. but it has nothing to do with beis. it is not attached as you infer - and beis doesnt exisit anyway so lets see the retail sector councils website update on who they work too soon - and thats the point really. it is an arms length lobbying council and not part of the government as you said.

grow up - and accept you dont get it right a lot of the time. you know your markets but you dont understand government or practical aspects of business

[fuji99] 29/5/2024 09:44

I find it very funny to see the likes of PWhite et al. discussing this Ponzi Scheme as if it was something normal while in fact there is absolutely no company left at all. It dissolved from 185p to nothing as did its "technology" based on tweets, deception and bluff for more than 12 years.

[zydecoco] 29/5/2024 09:20

Fireball XL5, 2 days ago you posted "Ah bones, we can guarantee that there will be things afoot in the next couple of weeks, thanks for the diatribe"What can you / "we" personally " Guarantee"? And who are "We"?

[pwhite73] 29/5/2024 07:29

Off topic but on topic.

RNS 29/05/2024 - "London, UK - Directa Plus (AIM: DCTA), a leader in the production of pristine graphene nanoplatelets for use in consumer and industrial markets through a unique and patented chemical-free process, announces that the collaboration between Directa Plus and Iterchimica to develop and produce Gipave, a Green Asphalt embedded with G+ graphene, has achieved another important recognition. Gipave has been chosen for an extensive resurfacing operation in Rome, ahead of the 2025 Jubilee."

[dil 21] 28/5/2024 17:59

Next year it’ll be the number 1 factor.

[pwhite73] 28/5/2024 17:47

1manchild - I am ahead of you on all VRS matters.

[pwhite73] 28/5/2024 17:43

1manchild - "quote - 'it is widely believed this will be extended further' - i dont think this could be further from the truth. widely believed by who and where did you source this widely believed info and theory?"

It is sourced from here:-

RNS 28/03/2023 - "After due consideration, the Directors have concluded that it is appropriate to prepare the financial statements on a going concern basis subject to raising the required funds either through asset sales and/or raising sufficient equity."

"The auditors' report on the Annual Report and Financial Statements for the period ended 30 September 2023 was unqualified, did not contain a statement under s498(2) or s498(3) of the Companies Act 2006 but drew attention to material uncertainty with regard to going concern as follows:"

The auditors report did not draw attention to the outstanding £5m Innovate Loan. Therefore it is safe to say it is not considered a factor that may lead to the dissolution of the company over the next 12 months.

[1manchild] 28/5/2024 15:24

PWhite7326 May '24 - 08:57 - 18836 of 18855

"The Innovate repayment loan is due to start in February 2025. It is widely believed this will be extended further as the government has no interest in putting VRS into administration where it would receive nothing back and also the company is helping the UK meet its net zero targets.

Non-executive Diana Savory OBE is a member of the Retail Sector Council at the Department of Business, Enterprise, Innovation so the company probably has some additional pull with Innovate UK"


quote - 'it is widely believed this will be extended further' - i dont think this could be further from the truth. widely believed by who and where did you source this widely believed info and theory? historically the government looks at the business trend - and one trend is that jobs have been lost - so the government is more likely to pull the plug and go public on the loss instead of keeping the tax payer waiting. it wont wait forever on net zero promises as it is acting now on net zero tech.

as for diane having something to do with business enterprise and innovation and having additional pull - that department doesnt exist anymore. does dbt have a retail council and is she involved? nobody knows and even if she is involved which i doubt very much - she would hold zero sway with innovate as that would be manipulation. she doesnt have that sort of power and prowess anyway as superdry was years ago.

stick to the bits you understand pwhite - markets and trends to do with this. the points on loan extensions and diane having pulling power is false information and it is wrong to infer these thoughts to this board.

what we do agree on is that all hopes are with prompt. i feel like burning my eyes out for saying it but there is nowhere else to turn and we need a miracle from them now. as of now everything that was been delivered has happened without the need of prompt anyway. i only hope they have an ace in the pack. versarien is now a 3d printing company with the potential to add graphene. the business model i shaving to change due to lack of graphene potential data and evidence.

[pwhite73] 28/5/2024 15:19

fuji99 - "PWhite - The truth is they were raising money with bluff, Tweeter and sensational news since 2012."

I agree. However money is much tighter now for perennial loss making AIM stocks. This is why they've had to shed all the staff but a technical core of 22. They're drinking in the Last Chance Saloon. If they don't get their sh1t together now that graphene is on the uptake it will be curtains.

In my opinion at least for the moment they appear to be on the right track.

[fuji99] 28/5/2024 15:04

PWhite - The truth is they were raising money with bluff, Tweeter and sensational news since 2012. So how on earth will they concentrate about the future when the present isn't even assured ? They can write books of theory on the beauty of graphene but nothing will change if the main concern day and night, is how to find a bit of money to survive. Then who would trust them again after they delivered ZERO feedback on who is testing or buying their stupid powder ? When the main CEO has left and still wants more money after selling millions of shares, one can figure out what kind of charlatan-company this is ! Do we need a photo to understand ? This is just a matter of time before the whole Ponzi Scheme becomes naked.

[bbmsionlypostafter mk2] 28/5/2024 13:49

I expect soon the VRS family will be telling us historical results are irrelevant & it's all about looking forward.

[bbmsionlypostafter mk2] 28/5/2024 11:45

Not long now till the Interims are due (released 09.06 last year) & we see the astonishing progress VRS has made under Prompt.

Looking forward to reading them.

[pwhite73] 28/5/2024 10:47

fuji99 - "the mot urgent problem is not the graphene industry size or importance, it is how are they going to pay their salaries."

A rather silly point. Which if any of you puts the survival of the company above you're annual salary, money that you and your family need to live on. The two are inseparable.

[fuji99] 28/5/2024 10:43

PWhite: "what other companies would be looking at is not the size of VRS but what it has to offer in the nascent graphene industry."
While steadily going to zero day after day, the mot urgent problem is not the graphene industry size or importance, it is how are they going to pay their salaries.

[bbmsionlypostafter mk2] 28/5/2024 10:25

18847.

Nothing?

[pwhite73] 28/5/2024 09:50

The market cap is £1.35 million. Irrespective, what other companies would be looking at is not the size of VRS but what it has to offer in the nascent graphene industry.

[davemac3] 28/5/2024 08:31

The market cap is less than 300k, are companies willing to do deals with such a tiny outfit?