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[sloppyjoe2] 26/7/2024 17:20

"No need I'm sure, rogerered on this one proper, guess might need a whimps stretcher!" Talking of which, whatever happened to the Rogers? Probably living in cardboard boxes under bridges after their catastrophic investments in VRS. "He is the messiah and I should know, I've followed a few..."

[supernumerary] 26/7/2024 07:56

I understand you're thick, clueless and wrong. Does that help?

[pwhite73] 26/7/2024 06:57

supernumerary - "lol - 'incoherent, uneducated' - well done! The first time anyone has ever in a very long life accused me of either of those weaknesses."

I never said those were your weaknesses. I said that particular rant (#152908)included those weaknesses.

The lies in which your colleague Dil21 refers to is because from the first day of dealings No1 of the points I raised has been prevalent and still is to this very day.

1. Favourable market conditions. If market conditions are bad the business can fail.

VRS management have been lying from day one to keep the business afloat because there was and still is no commercial graphene market out there where VRS can sustain itself without bleeding its shareholders dry. This problem exists to this very day. Conditions have improved as there is greater interest because of net zero but not to the point of commerciality.

For the last and final time - No management no matter how brilliant they are or think they are would have turned VRS into a commercial success because the commercial graphene business simply does not exist (YET).

The failure of VRS had nothing to do with Ricketts, Hodge or Leigh. Had they all worked for free from day one the company might have £10 million in the bank today (from unpaid wages) but it would still have no graphene business.

It took me a whole year to understand this. I do now and I also hope you understand this now.

[dil 21] 26/7/2024 01:33

I was in CINE short , that’s where I first met him :-)

[kemche] 26/7/2024 01:30

Count yourself lucky you were not in cine or icon ( this one was literally in the name!)

[dil 21] 26/7/2024 00:56

If according to PW I wasn’t so thick I would know what you were on about kemche.

But being thicker than PW (apparently) I ignored his recommendation of buying these at 0.0033p.

Five bagger if they ever get back to that level.

Thick as I am (apparently) these are going bust imo.

[supernumerary] 25/7/2024 22:25

lol - 'incoherent, uneducated' - well done! The first time anyone has ever in a very long life accused me of either of those weaknesses. Since you know so much about my educational background, perhaps you could highlight the lacunae? And point us to the incoherencies, so we all know where I'm going wrong?

Meanwhile...

no apology

no understanding

no clue

Bad enough you're throwing your own money away, but encouraging others to do so is unforgivable.

no shame

[pwhite73] 25/7/2024 22:06

supernumerary - There is only one sentence in your incoherent uneducated rant that is worth addressing.

"The problem here is not scale, although that doesn't help, but the same one it's always been - useless management."

There is no such thing as good or useless management. Successful management dependents on a number of factors.

1. Favourable market conditions. If market conditions are bad the business can fail.

2. Good staff. Unless the management is going to sack all the staff or pay out millions in redundancies they have to work with the staff they inherit or personnel have hired.

3. Good suppliers. If your suppliers are late or supply your company with faulty goods the business can fail.

4. Good clients. If your clients refuse to pay for your goods and services or claim they are substandard once delivered the business can fail.

5. Good financial backers. If your financial backers only support you when the business is doing well and call in all the loans and overdrafts when the business is doing poorly your business can fail.

6. Good legal team. In business you will get into many disputes with other businesses. If you have a poor legal team it can cost you thousands/millions in court and the business can fail.

Why retail shareholders find 100% of AIM managers useless is because one or more of the above is the real issue and not the management team as such.

VRS management are not useless the business is just too small to survive independently without repeatedly rinsing its shareholders.

[supernumerary] 25/7/2024 19:31

PW - you're a clueless numpty. Been wrong from the start, done everything you could to mislead other investors, and now completely unapologetic. Which makes you not merely stupid and ignorant, but despicable too.

You continue, even now, to be wrong. The problem here is not scale, although that doesn't help, but the same one it's always been - useless management. Hodge is I suppose a bright bloke but he's not ready to run a listed company. There's no interest in Total Carbide, the one bidder for AAC Cyroma has them over a barrel and won't pay the price Hodge wants, and he's got rid of Korea without cutting all ties so I would guess outlays on ip maintenance (etc?) outweigh anything vrs will get in royalties.

His answer to all the problems is to fiddle around the edges (cf Gnanomat) while letting the company bleed to death a drop at a time. When he first arrived he could have just dumped the 'mature businesses', got rid of Leigh (and no doubt a few other drones) and swallowed the costs in a fund raise on the back of new broom bonhomie, but it's far too late for that now - the bills keep rolling in, the debts keep coming due, and there's no prospect of meaningful income. How much would they need simply to pay the board salaries?

And your only contribution is to say 'I think they mean well' and implicitly recommend people have a go at trading it, when the only trade here that makes any sense at all is to short it to euthanasia.

[1retirement] 25/7/2024 19:00

Anyone seen Squire?

[pwhite73] 25/7/2024 18:01

Another £30k buy after close. That's not PI money.

[pwhite73] 25/7/2024 17:03

I have no intention of going anywhere. I still believe their intentions are honourable but they just lack the economy of scale to achieve anything tangible. This is why it is right and proper they are categorised as an executive lifestyle company.

Once again that is not to exclude trading opportunities when they present themselves but as a long term investment the answer is NO.

[festario] 25/7/2024 16:19

I don't want PWhite to go away, I want him to stay and act as a warning buoy, like so many of us do, to warn off prospective victims of this scam. After all, back in 2017 and half of 2018, even I believed that this might be a genuine company.

[pwhite73] 25/7/2024 15:37

zydecoco - Just what am I going to do with you.

As an investment I called this company wrong. The timing and price of the last placing has now convinced me the company is nothing more than your typical AIM lifestyle company promising jam tomorrow whilst diluting the sh1t out of existing shareholders.

However my misjudgement here does not mean I have misjudged and will misjudge everything else. VRS is just one stock among many that's all.

What I would add is that the response to the latest placing has been somewhat positive. Just this morning there was a buy of £37k at 08:26 and a buy £28k at 08:37. These are not PI buys, there is an accumulation of stock going on. Furthermore the MM are still offering over the 0.065p placing price for millions. Look at the buys to sells ratio since the placing.

Whilst I no longer consider VRS an investment there can still be trading opportunities like most AIM shares.

Now grow up.

[snaffleclamp] 25/7/2024 15:11

jbennett
Thank you 👍

[zydecoco] 25/7/2024 14:54

PW, you just don't seem to get it do you? - Nobody cares what you say. You are a failure and your opinion and judgement are proven to be worthless.Desist and disappear.

[jbennett] 25/7/2024 10:06

I was told by NR via Twitter that they applied for certification in the summer of 2022. So I'm guessing it's imminent now..

[pwhite73] 25/7/2024 09:44

You can't put out an RNS that Cementene is being trialled by one of Ireland's premier construction companies then just over a year later claim its best to set up an inhouse - "concrete and mortar testing equipment".

The placing appears to be well supported and I would not rule out a TR1 RNS but the company just lacks the economy of scale to be treated as a serious investment.