Versarien Share Discussion Threads

[snaffleclamp] 29/9/2024 10:19

Where is the proof/RNS that the China deal was stopped by the Government?
I thought it was because the VRS market cap wasn’t high enough for China to proceed?

[zydecoco] 29/9/2024 09:28

PW, No, you actually said you "would admit defeat".

You were and are defeated but you are still here.

[pwhite73] 29/9/2024 09:12

1manchild - I’m not sure whether I should respond to your comment or nominate it for the Man Booker Prize for fiction.

However, I’ll settle for the former. For the umpteenth time you can’t magic up an industry that does not exist no matter how clever or experienced the management team. What you require is change in already centuries old established industries like construction, aviation, roads, textiles, materials etc. The government has gone someway to mitigate the lack of change by its commitment to Net Zero and decarbonisation. Companies will change when they begin to lose their competitive edge to those who have adopted low emission materials like graphene. It is my opinion these changes are gathering pace.

1manchild – “PWhite threw the towel in a few months ago and admitted he called it wrong yet the love in with the management team and David Stone continues?”

What I called wrong was the investment timeline and was man enough to admit it publicly. I stated that if they placed before 31/08/2024 I would consider the company too lacking in economy of size to be an investment. I was proven right the stock has lost another 20% of its value since the last placing at 0.065p on 24/07/2024.

I still believe with the support of Prompt Strategies and Dr Stephen Hodge as CEO the company will reverse the change in the falling share price. Exactly when that is I cannot say. The company gave a timeline for positive EBITDA by H2 2025 but by then what will the share price be 1p or 0.01p.

[zydecoco] 29/9/2024 08:51

PW is clearly a VRS stooge / collaborator / rewarded by them in some way.

[the cronk] 29/9/2024 08:03

wow, what a great post from manchild on the ramping thread!!!


It's a long but good read and I agree wholeheatedly with every word said, he states a very good case IMO... If only he did paragraphs!!

He reiterates the point I have made for a long time now, about the most supportive posters always being positive about the company without any howls of despair despite the price falling over 99%!!! Not one bull has compalained about losing money! That must be a first on these boards!!

It does make you wonder who these people really are, and their connections to the company?

[laginaneil] 28/9/2024 16:48

A couple of uses for graphene for those that doubt its usefulness.



Spain..



Testing at 'Salford Royal Hospital' near to Manchester Uni...



Headphones -

'including 50mm drivers that are coated with graphene to reduce distortion'

Versarien headphones...ring a 'bell' .. lol

[1retirement] 28/9/2024 11:25

It's used to build carbuncles. Selling fast I hear

[grabster] 28/9/2024 09:16

".. the biggest 3D-printed housing development in Europe .."

I am intrigued at the idea of Versarien being let loose with their concrete-squirty toy on an outdoor site where any catastrophic failure of a building would harm not just Versarien (fatally) but would injure the image of 3DCP worldwide. I presume that someone else will be the hands-on operator and that Versarien's role will be more to do with recipe advice. (And might not involve Versarien's own machine at all). The novelty of this Accrington project means it will be videoed by various agencies and shown worldwide. It was initially designed for conventional construction, and has been amended to allow 3DCP. But looking at the updated plans, that doesn't appear to have involved any rejigging of the spacings inside/outside, where accommodating the squirty-toy's positioning and reach and repositioning are compromised. Had the building been designed from scratch with 3DCP in mind, it would be significantly different I imagine. I haven't seen any sort of construction programme, but presumably the first 3-storey block will involve lots of learning-on-the-job stop/restart activity - and that no other blocks will proceed beyond ground floor slab until the outcome of the first block is seen.

[willoicc] 28/9/2024 07:43

With all the floods currently inundating countries all over the world, why are the 3D printing machines not being used to create flood barriers along rivers?

'I would imagine they have disappointed the UK Gov greatly with a lack of delivery and that it will take a lot of repair work on the trust side of things to then become a lead partner on national projects'

That is pretty rich considering that the UK Gov. closed down a huge potential opportunity for VRS i.e. China. (I admit I agree this was justified with appropriate compensation). They then threw them a few crumbs leaving VRS with a £5 million debt which is a millstone around the company's neck.

This was money paid for research into products suitable for use with British armed forces but led to absolutely no follow-up orders. They could at least convert this debt into a prepayment for orders for future products.

Also, it is not VRS's fault that it takes so long to obtain certification for the use of graphene as a construction additive. Of course, you can not build bridges with a new recipe until you can prove that they will not collapse years later but how is any graphene company supposed to surmount this problem?

What happened to the work done on the A1? Surely, that has been in place long enough now for people to know whether it was a success or not, even if was not VRS that was involved.

I write as an ex-shareholder. Sorry for rambling.

[zydecoco] 28/9/2024 06:34

PW "The company has a market cap of only £1.33m. Once the capital markets are convinced Versarien is here to stay and a key player in the growing 3D printing/graphene industry the worm will turn.", That word Once should be IF:because IF it is not convinced then the worm will shrivel and die, and die fast. Right now the Markets see that as a much greater option too!

[pwhite73] 27/9/2024 20:55

#153247 - I agree.

What 1manchild fails to understand is that this is a nascent industry where all the companies are more or less in the same boat. There is no manager or management team out there that has made their name or fortune in graphene as yet unlike, oil, gold, IT, retailing, sport, leisure, music, media etc. If you wanted an ace manager to take the helm of Versarien who would you parachute in?

At this early stage its the science that's doing the talking not the personalities.

[grabster] 27/9/2024 20:39

#153247 - I agree.

[bluemango] 27/9/2024 20:07

#153246 Fair enough.

I would just say, on your misgivings re management, your comments arise in the context of failure, so far, to bring any meaningful commercialisation.

If that situation were to change with a significant announcement, the management would suddenly be lauded, and people would be saying how useful it has been having someone at the helm who fully understands the science, rather than just another typical AIM snake oil salesman - and we've all come across those if you've been investing as long as I have. Easy for me to say 'be patient just a little while longer' as I have only become interested in Versarien relatively recently. But I think there's an argument for saying that Hodge is handling this sensibly within the obvious constraints he is working under. And I'm not convinced a change of management would magically transform the prospects here or make things happen any quicker.

[1manchild] 27/9/2024 19:42

I don't take it personally Blue Mango. I couldn't really careless anyway. I will say this - you make some very fair arguments and PWhite knows I give him credit at times especially on knowing and understanding the markets as that he certainly does. The sensationalisation I refer to could be because he is excited and sees a blue moon whereas I and others have seen it all before.

And of course I have lots of better things to do which is why I post pretty rarely and periodically - and tbh I am a bit bored with the sound of my own voice as I say the same things time and time again. I should also grow up at times and not patronise an easy target. But then it is all because I am passionate about the technology. It can make a difference in some of the areas PWhite mentions - green agenda and sustainability etc although I am not naive enough to think VRS will emerge as the market leader as those days are long gone. I would imagine they have disappointed the UK Gov greatly with a lack of delivery and that it will take a lot of repair work on the trust side of things to then become a lead partner on national projects

But I will call out nonsense when it is nonsense and is based on a whim and not evidence. I will also call out the management when it is time for them to leave the room. The current CEO is a scientist and needs to go back to being a scientist. We need an experienced and connected balanced leader which I believe the Government would find if allowed to do so as they want to see success for their investment - and this does happen if help is required because the Government will not be doing a bail out on an SME. I think this is a reasonable ask based on a very bumpy ride over a number of years - and based on the ride under the management since Ricketts went. We need a fresh start as it is mighty stale.

[grabster] 27/9/2024 17:21

"VRS will be side by side with Keyline at the NEC in two weeks time as a featured supplier... the largest supplier of civils and drainage materials to the UK construction industry."
.........
.........
.........
.........

And Keyline in turn is owned by Travis Perkins - a near-£2bn company (TPK) with 500+ branches. The UK's largest supplier of construction materials.


Given the 1000+ suppliers they could be sharing their platform with, they chose to co-exhibit with Versarien.


Or it could just be that everyone who has ever supplied anything at all to Keyline ever, has been invited to pay £100 for the privilege of posting an 85x55mm business card on a 1m x1m pinboard titled 'Featured Suppliers'. And nothing more. First-come-first-served, 200 spaces. Providing £20,000 towards Keyline's exhibition costs. (It happens. It's what I would do if I had exhibition costs to recover).

[pwhite73] 27/9/2024 17:03

Protection for your pension
How your pension is protected depends on the type of scheme.

Defined contribution pension schemes
If your employer goes bust
Defined contribution pensions are usually run by pension providers, not employers. You will not lose your pension pot if your employer goes bust.

If your pension provider goes bust
If the pension provider was authorised by the Financial Conduct Authority and cannot pay you, you can get compensation from the Financial Services Compensation Scheme (FSCS).

[pwhite73] 27/9/2024 17:02

Phibyk144 - Again you have strayed off topic. Your original argument was that NR's pension was not at risk if VRS went bust because he was paying into a defined contribution scheme that is normally run by a Pension Provider hence no need for him to drop the employment trial.

However in his case as I demonstrated below VRS was running its 'OWN' defined contribution pension scheme as he was the CEO. Therefore if the VRS went bust his pension would have been under threat.


chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/

Report of the directors for the year ended 31 March 2013

Page 16/28

"Employee benefit costs - The Company operates a defined contribution pension scheme. Contributions payable to the Company’s pension scheme are charged to the Income Statement in the period to which they relate."

For the last and final time I implore to you read the government website.

[philbyk144] 27/9/2024 16:49

Given that NR was the CEO for 15 years its likely he would have been in both a defined benefit and contribution pension scheme. I think we can safely close this subject now. No as I pointed out and you confirmed they only operated a defined contribution scheme.

[bluemango] 27/9/2024 16:35

True. But with all the hype historically, you can understand them wanting to keep a sensible balance. Maybe they could be accused now, of being too cautious in what they release by RNS.