kemche30 Jan '25 - 12:20 - 20169 of 20380 Edit
0 6 1
January, March, July and October are the months.
January is done. AGM notice next for the March bowl and enough authority to issue the July and October gruel to the average downers.
Gla lth'ers.
I continue to average down. |
He's good. |
I nearly fainted laughing at that. |
Festario , you hang around here as you have a pittance left from this .
You held all the way yet tried to make it look like you ducked and dived .
The only person you have fooled is yourself.
Meat head |
"you are the go to person on here when it comes to understanding the markets. your experience is without question."
Love it! |
 pwhite - i appreciate you nice words. as a reciprocal compliment you are the go to person on here when it comes to understanding the markets. your experience is without question. putting everything aside for a moment - my views and your views - i am happy to admit the management angers me to the point where it becomes a borderline obsession. i will freely admit this and at times it isnt healthy. i will also admit that the graphene revolution not taking place has a huge bearing on a lack of success.
my negative reasoning on this management team is obviously the years of not only nothing - but also real term actual regression and i feel the current management isnt trusted by industry. i cannot see a large corporate touching us even if they were interested when they did their due diligence. i wouldnt touch it either due to performance - share price - product disasters - hold ups on project delivery - constant justification over many years with the 'coulds' and 'mights but the 'dont hold us to it'. that last rns blew me away personally as there was absolutely no accountability by the management.
i have also seen the people on this board champion it for ages and then go. none of the pro vrs guys post anymore so that has to say something - and of course i am somewhere in the middle which is very awkward mentally. i changed my profile 3 times in the early days times to avoid detection from others on the board because i was obsessed the other way in thinking this was the answer to so many problems and looking back i sounded silly at times - but it was enthusiasm - which i still have for the technology when it eventually arrives.
what i am trying to say is i hope beyond all hopes that you are right and i am wrong. imagine me celebrating that - you being correct and this management bringing home the bacon. but with my own experience in business where i have won and lost and where my learning ensured later on that i diversified when i needed to - i cannot see this ceo and especially the cfo delivering anything other than selfish gains at the cost of the LTH. this current ceo should be out there thinking of a new angle and putting the plan into place - not appointing turn around strategists. i am not sticking up for the previous ceo here but the way the current ceo and cfo shafted him when they were all mates proves there is no honour amongst thieves - and so with all this in mind - whether or not it is graphene or toffee apples as the subject area - they have to go. no one has respect for them or rates them as it is the same team at the top minus one.
this is high level me explaining the basics as there are so many more skeletons in the closet - some truths and some myths no doubt - but even at its basic level delivery has not been good enough. we will agree to disagree and dont forget i want you to be right whilst this management team is in charge as i have lost a lot on this share but ultimately - and we can use all the analogies we want - the performance has not been good enough and there has to be a time when you say it is time to hand it over to a fresh strategic mind and plan. |
September. They will be cash positive by then, so says thems in the know. |
Letting kids play on raised concrete structures, what could go wrong?! |
And "anticipate" of course allows the |
Supposing a company share price is 10p, but they slide down to 1p because the market judges they are short of funding. Along comes an investor and says they will provide all the funding needed in return for 20% of the company. The company issues 20% more shares and the investor pays 4p for each share which happens to be the price whereby the necessary funds are raised. Now that the company is fully funded again, the share price goes up to 8p. Shrewd investment. Just musing. |
"It is anticipated that no further resolutions to issue shares will be requested prior to the 2026 Annual General Meeting"
Sounds great until you read what that actually says.
It is not a commitment, this is an "anticipation".
VRS has a LONG LONG history of not meeting anticipations. In fact I'd go further and say that it is their most consistent attribute. |
Subject CLOSED |
1manchild – “how much longer should we give this management pwhite? 1 month - 1 year - forever? there has to be a line in the sand somewhere right? “
There is no line in the sand because for the umpteenth time the issue here as it has always been even under Ricketts is the graphene market. The market is only just beginning to become commercial because of the emphasis on reducing carbon and sustainability (Net Zero).
Now I’m being deadly serious here. For the last three years Innovate UK are owed £5 million plus interest by Versarien. Innovate UK have just extended the first payment from August 2025 to August 2026 yet again. In all honesty and seriousness don’t you think if Versarien’s problems was one of a failing management Innovate UK would have said – “right enough is enough. They’ll be no further extensions to this £5 million loan unless a competent management team are put in place. If you can’t find one we’ll find one for you”.
On the contrary Innovate UK have not said that but made Versarien and the current management team their UK 3CDP go to champions as part of BridgeAI.
You come across as one of the more intelligent posters, so I have all the time in the world for you. I fully understand your anger, frustration and the reasons behind them but you are financially, technically and factually wrong if you think Versarien’s inability to make commercial traction is due to the existing or past management team. |
Ha! BBM, that reminds of my post back in 2018, when I still foolishly held shedloads of shares.Following yet another placing, and yet another MOU style RNS. I said, 'we are invested in a company that makes a product which by its definition we cannot see with the naked eye, on machines no one has ever seen, in a factory behind a door we cannot go beyond, for customers who are not allowed to be named' What could possibly go wrong. |
Who knows what Prompt has been paid? It's another mystery. |
Can't really see how Prompt have been paid so much and so long for simply saying divest non - Graphene and license if you can. It says to me the CEO is at best very poor and naive in not being able to do that himself |
hmmm - i think all you have done here on that last post pwhite is confirm - prompt has delivered nothing in 2 years which is a waste of money beyond belief - hodge became the ceo despite having no experience of leading a company - never mind a failing one which has failed and dived even further since - and for these reasons alone - although there are hundreds of more reasons - the management should empty their desk draws and walk away never to be seen again hopefully.
how much longer should we give this management pwhite? 1 month - 1 year - forever? there has to be a line in the sand somewhere right? there isnt a strategy. its a cash swallowing monster which lives day to day with a bit of foresight on when it needs to carry out a placing. they earn too much money and are in total control to worry about me moaning tbh which is why they are frightened to death to even let some of it go into other hands.
and heres something you should know - a few people on this board told me they spoke to neill way before he left and he was banging on about getting rid of the non core businesses then so - no - this is not prompts strategy. it came from the former ceo and current cfo and that is a fact.
here is a reminder of which the current cfo and former cto - now ceo signed off as a product - the lunar pod!
how many of the exclusive 50 builds did we sell? i mean just look at it for £30k! take out the two well oversized concrete walls and replace it with bricks or even a pu frame and you have a room for £5k max from robert dyas. and on that note - how much of the current products are we selling? we need more collaborations and we need people at the top to find them which isnt happening with this lot as no one trusts them. yes - i am still seething at that last rns as you can tell. there isnt a word bad enough to describe it. |
The decision to jettison none graphene businesses was the idea of Prompt Strategies.
RNS 29/03/2023 - "Following Neill's resignation, the day-to-day activities of the Company are now being led by the executive directors, Chris Leigh and Steve Hodge, and the Board is actively evaluating both the appropriate longer-term strategy for the Company and the recruitment of a new Chief Executive Officer. To aid the Board in developing both its strategic and management plans, it has engaged experienced strategy and turnaround specialist, David Stone, and his firm Prompt Business Strategies Limited, on a consultancy basis." |
Prompt have not done their reputation any good, nothing they have done if anything is noticeable or could of been done by any employee ffs :-( |
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