Versarien Share Discussion Threads

[pwhite73] 17/10/2024 07:01

A company has 100 million shares priced at 1p. A year later the same company has 1 billion shares priced at 1p. The value of the shares remain the same. The market cap has increased by ten fold.

Dilution only effects those with a controlling interest of 5% or above.

[1retirement] 16/10/2024 22:02

That's a new level of stupidity right there.

[pwhite73] 16/10/2024 21:32

1retirement - Retail shareholders are not affected by dilution. They are affected by a falling share price.

[1retirement] 16/10/2024 21:27

On the 22nd of October the number of VRS shares in issue will be 3.7 BILLION! Let that sink in.Can NR still use that wonder line in interviews "I'm the largest shareholder" any longer?

[dil 21] 16/10/2024 19:24

That’s another years Xmas party paid for then.

[kemorkid] 16/10/2024 19:20

Dilution though PW is gargantuan!

[pwhite73] 16/10/2024 16:31

1manchild - "Here is a question for you. If the Korean cash does not arrive on 31st October are you going to be forgiving about that as well?"

I would be surprised if the Korean cash arrived by 31/10/2024. Indeed this current placing may well be to replace cash they were expecting. The Korean business is no longer part of VRS core business so if they wrote off the £302K payment I wouldn't have an issue with that.

Graphene in cement, concrete, mortars, textiles and 3D printing is where the company is at.

Speak Later.

[pwhite73] 16/10/2024 16:24

zydecoco - "How long would you say such an arrangement would need to be in place until VRS became profitable?"

RNS 20/12/2023 - "The Company's current projections show an EBITDA positive position being reached in the second half of 2025, assuming the conversion of sufficient opportunities into revenue for the Company." This is only 9 months away.

VRS are also involved in a lot of projects like the European Union Horizon Project. They were involved in the Airbus Helicopters (GICE project) which is now completed.

The government is yet to standardise 3D Printing. VRS won a contract to provide valuable information to the government on this matter.

RNS 28/03/2024 - "Post period end, in October 2023, Versarien won a public tender contract with the Office for Product Safety and Standards (OPSS), part of the UK government's Department for Business and Trade (DBT) to compile a comprehensive report involving stakeholder reviews to support the UK's regulation of 3DCP within the existing Construction Products Regulation (CPR). We have appointed a Head of 3D Construction Printing to continue to be at the forefront of cutting-edge 3D Construction Printing developments. We welcome the first international standard (ISO/ASTM 52939 Additive manufacturing for construction - Qualification principles - Structural and infrastructure elements), published in December 2023 that will enable us to implement more robust practices when designing, manufacturing and delivering 3DCP products."

There is so much going on in the background that has not been commercialised yet. I can wholly understand why people would look at the share price and state the company is dead. VRS is not dead and neither is it going bust.

[1manchild] 16/10/2024 16:03

PWhite - 'VRS has a market cap of only £1.2 million. If the Innovate Loan can be restructured until the company becomes profitable it will be a cheap takeover target for a much larger construction outfit interested in its graphene cement, IP, contacts and 3D printing technology.'

For the first time on this board - I am lost for words!

[1manchild] 16/10/2024 15:57

PWhite - 'Anyone who works in HR or is familiar with director wages, please advise me what is obscene about the above. Thanks in advance.'

Errrrm - You don't need to ask for HR expertise to see that paying them in washers is too much for what they have delivered - which is - and I think I need to spell this to you in case you are struggling to understand - F A I L U R E.

If you are not criticising them then you are endorsing them - so thank the lord you are not in charge! How on gods earth can you protect the CFO? Lowest share price ever - touch and go on the Korean cash - awful deal on AAC Cyroma - and this is just recent history never mind the past.

£184k? Think about that amount for just a minute - £184k and that does no include other benefits.

What amazes me about you PWhite is you take every word the VRS board states and take it as gospel.

Here is a question for you. If the Korean cash does not arrive on 31st October are you going to be forgiving about that as well?

[zydecoco] 16/10/2024 15:49

ok, so that is a very big "IF" PW73. How long would you say such an arrangement would need to be in place until VRS became profitable?

[festario] 16/10/2024 15:47

The Chief Execs of councils in England and Wales, wrestling with social care problems, education, waste management and in some cases BILLION pound budgets, they take home the same or less than Leigh. In what world is £5.4m revenue considered a lot?

[pwhite73] 16/10/2024 15:23

zydecoco - Your options all assume no third party funding or interest.

VRS has a market cap of only £1.2 million. If the Innovate Loan can be restructured until the company becomes profitable it will be a cheap takeover target for a much larger construction outfit interested in its graphene cement, IP, contacts and 3D printing technology.

[zydecoco] 16/10/2024 15:12

PW, VRS are burning GBP 175k every month, and correspondingly have raised, by Placings, c. 500k every 3 months.You are saying VRS need to do one of the following by/before January:1. Reorganise capital structure.2. Call an EGM to get permission to issue more shares.3. Delist.4. Fold.Which option do you think they will need to pursue and why? Time is running out for them otherwise and any potential future market would be meaningless.

[dil 21] 16/10/2024 15:10

How’s the turn around going PW ?

[festario] 16/10/2024 15:05

BUT.... no Director, not even a managing Director was greedy enough to take the sort of wedge Leigh has pocketed. It IS obscene.

[festario] 16/10/2024 15:04

Annual revenues of 5.4m is utterly pathetic, it's a tiny back street outfit. That's probably the same 'revenue' as my local convenience store plus next door's kebab shop. The difference being, they turn a profit too. I've worked at senior management level in 3 large businesses, over 27 years, the minimum annual revenue was never less than 300 to 400 million quid.

[pwhite73] 16/10/2024 15:03

fuji99 - "How many "prestigious" names NR approached and nothing has changed so far ?"

This is true because the market for graphene, low carbon emissions and net zero targets was not there throughout NR's entire career with the company but it is now.

That's the fundamental difference.

[fuji99] 16/10/2024 14:59

PWhite: You can mention any company you wish but nothing will change: VRS will never deliver anything in practice because "approaching" names and companies is just another trick to deceive again and again.
How many "prestigious" names NR approached and nothing has changed so far ?
Today, the same methodology for pickpocketing is used.

[pwhite73] 16/10/2024 14:36

fuji - "Who woulld really believe such dross ?"

Balfour Beaty, Banagher, Building For Humanity and Keyline Civil Specialists.

Some big names in the UK construction industry have lent their names to this dross.

[fuji99] 16/10/2024 14:30

PWhite: "... the Company had a pipeline of opportunities of £4.7m, .."
You know how many think about all these "pipelines"...
The real "piping" towards people's pockets started a long time ago, since 2012.
Who woulld really believe such dross ?

[marcandrew] 16/10/2024 14:27

Ought to be worth a £25 investment at this price.

[squire007] 16/10/2024 14:14

About to hit 1 billion :-))

[pwhite73] 16/10/2024 14:08

RNS 16/10/24 - "As previously announced, as at 4 October 2024, the Company had a pipeline of opportunities of £4.7m, of which commercial opportunities represents £1.6m and grants £3.1m."

Grant funders go through a company's accounts with a fine toothed comb to ensure money given away is spent wisely. If wages are extortionate and there are countless overseas trips where the destinations bear no relation to the company's business funding is not granted.

The placing money raised is solely to progress the business and retain key personnel.