Versarien Share Discussion Threads

[pwhite73] 31/10/2024 13:32

1manchild - "Our sale was marketed as a sale for which we would get funds"

100% correct. That's because VRS is a listed AIM company and needs to keep retail shareholders on board to facilitate future placings.

So retail shareholders are deliberately left asking themselves - "how much will they get for AAC £500k, £1 million £2 million?. CVD graphene £604k?. Total Carbide £2 million, £3 million?"

Someone like myself who has decades of experience in trading AIM stocks know AIM companies give away failing parts of the business for free and that's only if they're lucky. The inability to jettison failing parts of the business is often the catalyst for the whole group filing for administration.

Here endeth your lesson for the day. Forget AAC, CVD graphene, Total Carbide and move on.

[grabster] 31/10/2024 13:28

The Accrington project was designed with established construction methods in mind. The decision to switch into building it with 3DCP technology isn't just a case of rounding off some square corners - it ideally needed designing from scratch as a 3DCP structure . Attempting to convert the existing floor plans as an afterthought does make it a fun challenge. I suspect they might end up using a hybrid combination - such as using 3DCP for the outer shell only. Enough to be able to boast that 3DCP was employed - but reducing the hassle.

Either way, I look forward to watching it happen. It is very useful that BfH is a not-for-profit enterprise. If this had been a developer project with a sellable end product in mind, they would have walked away from such a dramatic change of specification.

[1manchild] 31/10/2024 13:19

pwhite - Of course you can. Many loss making businesses are sold for a nominal value of £1.00. The buyer then takes on the loss making business and tries to turn it around. This happens all the time in business.

"Sir Philip Green sells BHS to Retail Acquisitions 'for £1'"

Completely different context. Our sale was marketed as a sale for which we would get funds - with the thought process that this was all above board.

thing is pwhite - you know you are wrong on this. it is quite funny really because a few of us knew you would try and sweep this under the carpet - make it all trivial. it is a failure - and yet another failure after failure which means - there will be even further failure whilst these are in charge. they are not telling us the full truth of the operations either.

[pwhite73] 31/10/2024 12:37

1retirement - "Are MCK broke"

No they are not broke but they are facing the same problem that all graphene companies are facing. The technology is ready to go but there is no government agreed regulatory frame work as yet. Governments are liaising with universities, major industry players and high tech know how companies like Versarien to establish a regulatory framework.

This is what the CEO is doing in Korea at the moment.



"After a few days away, it was a pleasure to return to Korea and present at the 2024 International Standardization Forum on Advanced Materials in Seoul🇰Ӻ79;. Versarien® plc will be supporting Sungkyunkwan University in developing new standards for defect measurement in wafer-scale 2D materials. With perspectives from other industries, such as carbon fiber and advanced ceramics, these joint standardization efforts will drive greater precision and innovation across advanced materials as a whole."

If the BFH Accrington project collapses in a heap a week after it was built who is to blame. What building standards have BFH and its partners like Versarien failed to meet?

must dash

[1retirement] 31/10/2024 12:21

Are MCK broke, it's a quarter if a mill, hardly big bucks to a growing business

[pwhite73] 31/10/2024 12:17

zydecoco - I think you mean licensing not royalties. Licensing revenue will be the major source of the company's income when the turnaround strategy is complete. They have stated they intend to be a light manufacturer so there won't be tonnes of anything or millions of anything coming off the production line.

Licencing revenue will come from the use of Cementene, graphene products and 3D concrete printing.

Speak Later.

[zydecoco] 31/10/2024 12:10

Grabster that Python - Black Knight reference made me laugh; very aposite.

[zydecoco] 31/10/2024 12:08

PW, let's establish your position.Are you also writing off / not putting any emphasis on Royalties inflow.I haven't heard of any of those so far?

[pwhite73] 31/10/2024 12:02

1manchild - "absolute tripe in fact because when it comes to business you cannot just give it away."

Of course you can. Many loss making businesses are sold for a nominal value of £1.00. The buyer then takes on the loss making business and tries to turn it around. This happens all the time in business.



"Sir Philip Green sells BHS to Retail Acquisitions 'for £1'"

[pwhite73] 31/10/2024 11:57

zydecoco. I'm not sure I ever put any importance on funds from divestment. When CVD graphene, AAC and Total were owned by VRS they were all loss making. When you sell a loss making business you sell it for tax purposes and to stem further losses.

Who is going to buy a loss making business off you. There has to be an incentive for a buyer to purchase your loss making business or the losses are simply passed onto them.

[1manchild] 31/10/2024 11:57

More nonsense from you pwhite. absolute tripe in fact because when it comes to business you cannot just give it away.

here is the story - no one wants to buy anything to do with vrs because they don't trust the management. it is why they did an insider deal between vrs korea - mck tech and graphene lab - the same people in the mix - to make it look like a sale - and now as they all haver that same love in that you have with our ceo - they will allow dribs and drabs of money shifting from each other to make it look like a proper sale. do your research and have a look at the companies involved and you will see the connections.

and here is the truth - we need a new management in place for new networks and new ideas which I keep saying. vrs has exhausted everything when it comes to top table talks. they have nothing to offer but market and product failure - and a future where they are responsible for huge debts.

im not having it that you can just brush this under the carpet. it is another major failure and in fact it has shown that the full truth of everything to do with the deal has not been told.

[grabster] 31/10/2024 11:49

"That Cantor Fitzgerald and Spreadex have taken holding positions suggests they believe there is going to be sufficient activity over the short to medium term to make some money and not with a market cap of just £1.3 million." (PWhite post ----726)


Cantor and Spreadex haven't "taken positions" (as in made a judgment themselves) - they are merely agents. Their own belief doesn't come into it.

You are sounding more and more like The Black Knight is the Monty Python sketch.

[zydecoco] 31/10/2024 11:48

PW, That very much sounds like you've shifted to writing off all potential funds inflow from divestment. Surely you are in denial now. No funds incoming

[pwhite73] 31/10/2024 11:45

As part of the turnaround strategy Versarien has disposed of CVD graphene, AAC Cyroma and hopefully soon Total Carbide. If any money comes back from any of these its a bonus.

Versarien is now concentrated on Cementene, 3D printing and licensing derived from its IP.

[zydecoco] 31/10/2024 11:36

Agree.Another conclusion could also be that Koreans just default as they've decided it's not worth anything anyway and cut their losses and run. Whichever way: means no confidence in the VRS management team and board.

[1manchild] 31/10/2024 11:36

pwhite - 'I wouldn't put any importance on the Korean money. This might have been the plan right from the outset. Instead of a lump sum of £302k and the RNS done and dusted they chop up the £302k into various lump sums so you get 4 cash receipt RNS statements instead of 1. AIM companies get up to all sorts of tricks to attract retail investors.'

Absolute nonsense and you know this too. the advisors would not allow them to release a statement saying one thing and meaning another. the cash hasn't arrived plain and simple. the korean money was important mainly as a test to see if the turn around team and then management under their turn around strategy which the ceo announced could deliver. they did not deliver and it adds further weight that this team cannot deliver which I have always said. again - this is something you cannot deny.

[grabster] 31/10/2024 11:29

(Spreadex is one of the spreadbetting brokers that I use, for upbets and downbets, but this £33k isn't mine)

[pwhite73] 31/10/2024 11:25

That Cantor Fitzgerald and Spreadex have taken holding positions suggests they believe there is going to be sufficient activity over the short to medium term to make some money and not with a market cap of just £1.3 million.

[pwhite73] 31/10/2024 11:22

I wouldn't put any importance on the Korean money. This might have been the plan right from the outset. Instead of a lump sum of £302k and the RNS done and dusted they chop up the £302k into various lump sums so you get 4 cash receipt RNS statements instead of 1. AIM companies get up to all sorts of tricks to attract retail investors.

The remaining £242k is not going to make any difference to VRS. A couple more important things need to be sorted out.

1. An update on the £5m Innovate Loan.
2. The sale of Total Carbide.
3. Further news on commercial traction for graphene products and 3D printing.
4. As an aside I suspect they are forward selling the remaining 760 million shares. Once they're gone they need to call another GM

[squire007] 31/10/2024 10:59

Got 60k and then extension ... etc etc

[zen12] 31/10/2024 10:37

RNS Out, further extension on payment.

[1retirement] 31/10/2024 10:24

Where is it mentioned they are at the heart of this govt building programme?

[pwhite73] 31/10/2024 10:11

The project has already started. What might start in 2025 is the erection of the actually project. VRS are not involved at this stage. Scroll down to 'How We Work'.



VRS are involved at Step 3. Its Step 4 that may start in the New Year which is the same for all building projects you only ever get an estimation as the council has to give permission at every stage.

[1manchild] 31/10/2024 10:08

Morning IFC advisory - which rns is it to be then? the 'the cash did not arrive' as it is 7pm in korea now - or 'the cash has arrived and will be used for further mortar testing'? Hoping it is the latter?

Probably a few versions of the rns being poured over as we speak - alongside beads of sweat from our wonderful management team frantically trying to spin a story of hope and confidence they are delivering.

please give us some good news?