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Sadly I'm not a fly on the wall on Rob Richards' office wall! I am hopeful that we will see at least 1 significant order announced in the next 8 weeks. I have zero knowledge about whether this will happen or not but, I am optimistic, based on the time since the last large order (Aug 5) and the number of global sales people pursuing deals (19 inc RR)
Are you suggesting then that a significant order should be near ready to announce in the next 3-4 weeks? Would this be a fair timeframe? I would think they have by now set up a fairly robust coverage of re-sellers and for small orders to have been trickling in for the last 5 weeks. As Aus is now opening up internally this does help, if they had Rep's with good O&G/Mining contracts, and one person in each state they may have been close to making an announcement. As they don't I would think nothing to note until early next year, probably Feb. Australians are widely known for taking a good long Christmas/Summer break.
Rob Richards will be just as frustrated with TW as we are. The problem for him will be, if he counters TW, he is then fueling him just like it happens on here. His policy is obviously to ignore him and not stoke the fire. His best way of dealing with him is to provide the goods. I am sure RR knows how much of a mistake it was to promise big sales too early. It has certainly kicked him in the teeth.
I am just as frustrated with the SP as every one else as I am heavily into these, however, there are lots of things going on in the background and given time he will deliver. The bigger the target, the longer it takes to seal the deal. A committee of one take one week to decide, a committee of ten takes ten months.
I've never met Rob but I have been in contact with him on a number of occasions. My impression is that he is a straightforward commercially driven CEO who is committed to delivering shareholder value and his remuneration package is dependent on him delivering those results. The people I have spoken to in the oil and gas industry all speak very highly of Rob as do Verditek customers whom I have spoken to. Rob's track record at Siemens Power is also impressive and suggests that he has the experience and the contacts to deliver results at Verditek.
I've never met or had any contact with TW so I don't know if he has bothered to contact Rob and form an independent opinion of his credibility. Recent attacks on VDTK seem to focus at lobbing gratuitous insults at Verditek Chairman Lord David Willetts by referring to him as a "corrupt Tory Toff" as well as commenting on contracts which were announced in 2018/2019 before Rob was on the BOD.
As you say, if Rob delivers the results, then VDTK's SP will ultimately take care of itself. TW ****ged off Novacyt in April when its SP was £2.70p. Last Friday Novacyt's SP was £12.00. In recent weeks TW has gone curiously silent on Novacyt. Funny that.
cat, Whilst I agree with you on this "but as has been mentioned many times on this board, this is typical of an embryonic company which is essentially educating new customers about the efficacy of its products.", it is slightly different here as we have TW saying that the board are simply liars regarding what they are doing. That puts doubts in peoples minds. The only true way to deal with it is with success, but we are not seeing much of that of late.
What suggestion is that ?
Pulling fingers out of butt's?
signing of contracts
Or both?
The SP went from 10.6p on Aug 4 to 18 on Aug 7, driven largely by the news of the 1.5MW order from SAF Pakistan. Since then almost 3 months have elapsed with a dearth of positive news.
Despite the radio silence, I suspect a lot of progress has been made behind the scenes but the large deals, as yet, haven't got over the line. Frustrating, but as has been mentioned many times on this boarf, this is typical of an embryonic company which is essentially educating new customers about the efficacy of its products.
Orders are lumpy, and in the absence of concrete news, there is an understandable inclination to worry and fear the worst. That is why AIM shares are so volatile but it is also hy AIM offers patient investors such great opportunities.
I remain very confident that VDTK will deliver the goods but patience is required.
Been invested here since May. Its surprising to see the lack of news since early August. I understand the frustration of shareholders.
Afternoon VDTK holders.
Beyond needing an update. This needs some contracts. Since TWs slanderous articles in the summer it seems VDTK get nervous at the thought of sending out any positive vibes to the rest of the world.
We have had a 75kw order and a research note. Both of which done more harm than good to the SP
Patience is probably wearing thin for some and moving their capital elsewhere with a view that there are possibly shorter term options that will provide a better return.
I have missed too many good rises from selling through lack of patience. I have also paid the price for holding to long and seeing nothing for my patience and trust in the BoD to deliver (AFC 10 Year holder)
The jury for me is with the former at the moment but they really need to pull their fingers out their butt's and get a move on before we drop to lower lows.
Lots to come. Lets have something delivered for the market to chew on. Much longer and it won't be 1 big order needed it will need to be a stream of them.
An update. We need more than an update. This is getting dismal. Ever since TW got on the case. I surprised someone hasn't taken the guy out yet. I am sure he must have upset a few people in his time.
Yeah, an update is long gone. If all we get is an update between now and November there will be some very unhappy investors
Someone on ADVFN says there is an update in November?
Our posts crossed.
Must be large buys
Sells seem to be significantly outnumbering buys today yet the SP is up a tad. Any thoughts as to why this is the case?