Vphase Share Discussion Threads

[412069] 12/7/2013 14:00

15k down the Swaney, would love to get my hands on Mr Smith.

[briangeeee] 27/6/2013 11:41

Believe me, an MBO on the cheap would NEVER be the goal here. Management should know their product and its potential.

[typo56] 27/6/2013 08:33

I'm not sure there's evidence of 'relentless shorting', rather I think their ability to raise yet futher funds was hampered by a flawed business model. Who in their right mind would want to lend to them? They only produce one product, a product that people don't need/want, and they have riduculous overheads. It's the sort of enterprise that could have been operated by a one man band in a garage.

Whilst the March results didn't include the precise phase, "We need more money fast otherwise we'll be bust in 3 months" I think it should have been pretty clear from the accounts and from the various warnings about the state of the market and the wording of the going concern statement which included them coming clean about the sales agreements with no minimum guaranteed sales volumes.

Remember, those sales agreements they boasted of winning had wordings of, "The agreement anticipates achieving minimum volumes to a value of £xxx over a period of yyy" - no mention of minimum guarantees but worded sufficiently to suck in extra funding.

I wouldn't accuse management of telling lies - in some ways it's their job to portray as positive slant as they can...without actually lying. They can't win really, if they'd sounded negative punters would have suspected them of trying to drive the price down so they could MBO on the cheap!

[412069] 26/6/2013 20:48

Cheers Mega, it's just the statement in march I think it was stating they had enough funds to last the year. Unless a supplier or a customers gone bump on them it's pure lies. Time will tell. Be good.

[mega_trader] 26/6/2013 20:12

Sorry to read the news here. I was stopped out on a small punt, and lost interest after results. Promise failed to deliver. 41 you deserve better, sorry for you. Good luck to you. To be honest Melton, relentless shorting did not help the ability to raise funds, but ultimately this was a non business without the green deal stamp.

[typo56] 25/6/2013 08:17

Looking at FLOW (previously known as EGX) I can't help wondering if they're heading the same way. I think they held about 27% of VPHA.

[412069] 24/6/2013 21:24

A few quid Melton, it's a small world what go's around comes around if you know what I mean. Been in business 30 year myself and if I lied like these f""""" have I'd have to hide. Some poor pension funds been stuffed for a few quid. Glad mines in bricks and mortar amongst other things. Cheers Melton hands up you were bang on. GL.

[melton john] 24/6/2013 19:56

I hope nobody lost a packet on this, gives me no satisfaction being right about it.

[typo56] 21/6/2013 14:32

BrianGeeee, I suggest Investor Relations is directed to the same line.

[briangeeee] 21/6/2013 13:36

The best warranty solution might be a helpline with a simple recorded message telling the customer they were daft to purchase it in the first place, and it should be thrown in the bin.

[iaps0406] 21/6/2013 12:27

Last one out turn the lights off.

[typo56] 21/6/2013 12:09

Seems even institutional investors not taken in this time. Time to pull the plug. And about time too IMO.

So what's going to happen about warranty and long term service for the installed base...small as it is?

[412069] 20/6/2013 08:41

Melton lets wait and see what the announcement says first. Cheers tho.

[melton john] 20/6/2013 08:26

Well who knew yesterday.

[briangeeee] 20/6/2013 08:20

Suspended pending an announcement.

[melton john] 19/6/2013 09:13

Not looking so good now. 1 for 100 consolidation and dilution or no funds and bust.
Not much of a choice.

[412069] 17/6/2013 08:22

EGX doing better today!

[412069] 14/6/2013 12:56

Going in the right direction at last.

[412069] 11/6/2013 16:38

Well someones picked up 5M today per peanuts, ok could still be worth less than peanuts but lets wait and see.

[briangeeee] 06/6/2013 12:11

No harm in trying - even if they get the first stage completed...

[typo56] 06/6/2013 11:53

The company need more money so it can pay the directors more money so they can buy a few more shares and so mug PIs into thinking they must be a good buy!

Or has that been done before?

[briangeeee] 06/6/2013 10:44

So, what's the way forward from here? Any ideas? How do they persuade investors to stump up 0.25p/share in a rescue, leaving £3.5m of value in the hands of existing investors?

Sometimes you can find an existing investor who wants to protect his existing investment, and is happy to pour more good money after bad. But I guess that sort can be difficult to find - especially if they've been fooled that way previously.