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It's maybe worth emphasising that the recent orders from SAF Pakistan, BTMNs and the marine sector in Thailand are encouraging but they aren't in themselves going to transform the company's fortunes. What I did find potentially significant in the last RNS was the mention of a possible deal with the Sindh provincial government. If you have travelled in that area near the Indian border you will know that there are extensive military encampments in the area. It's pure speculation on my part, but I wouldn't be surprised if VDTK's lightweight camouflaged SPVs are attracting interest. The PH interview alluded to discussions with the Australian military. Just a thought.
Catwith9lives enquiry of a customer helps to add confidence in orders and I don’t see cause to doubt what we have been told by the current management team. Having such a rumour hanging around is not terribly helpful though.
Maybe. But i see no negative and only a positive. Moving forward so to speak.
Verditek are really going places and will always have the knockers trying to run them down. Its just what people do.
I have emailed Verditek to make them aware of the articles. I am sure they already are.
Onwards and upwards. Let's hope they they get burnt on their shorts.
Sounds entirely plausible Leo_IX, although it should be clarified in time and following any FCA review. If there was wrongdoing there could still be a comeback on us of course.
I stopped reading TW"s site last year having grown tired of his aggressive style and useless tips, but is it coincidence that Tim Lord stepped down as CFO this week, having allegedly realised he wasn't up to the job? I can't recall seeing such a thing happen anywhere else. Why leave so suddenly with no replacement lined up? We currently have an interim CFO who is presumably less qualified than Mr Lord. It struck me as odd but it now means both the CEO and CFO at the time of the Nigerian order are no longer in post. I'm no conspiracy buff but is it possible VDTK got wind of this article by TW and cleared out the dead wood?
I wouldnt be so sure that TW has finished his efforts to destroy Verditek just yet. 3 hours ago releasing another article stating he has written tk the FCA and AIM regulators to suspend Verditek for fraud.
He refers to the FCA as chocolate teapots. Nice !
What a lovely guy !
Feeks. Personally I don't trust either of them. There motives are obvious, whilst the information used is historical and holds no reflection of where Verditek are today.
Have g re read the RNS over the last few months i can only see this getting better and better for Verditek as their product is accepted in the market and more orders are secured.
Can we keep this thread for VDTK discussion please? Anyone who wants to converse with Jaknife should do so on ADVFN only, but I recommend not engaging with him.
I dont know about anyone else but to me it feels like this particular storm in a tea cup has blown over now anyway. I dont feel nervous because it is just a tactic I have seen used on many other companies before. But I can see this company is making great strides forward, although I do think it is something that should have been cleared up when RR took over. That would have been preferable to doing these things on the back foot now, as if it had been cleared up there would be nothing more to say. That was an error in my view, and companies tend to learn from this sort of thing (I expect RR will do), but to draw any other conclusions is fanciful, and ultimately any setback we may see in the market this week will be fleetingly brief in my opinion.
cat, if I had 10 reasons why I am invested in VDTK they would be pretty much the same. Having only bought in back in May after doing sufficient research on the history of the company, it was clear to me that the appointment of RR and the re-opening of the lainite factory after lockdown signified the start of commercislisation.
There has been all types of garbage spouted by certain people this week but it does not change the fact that Verditek, under its current management structure is in a very different place to where it was last year.
When RR says they will have free cash flows by year end I believe him. Why ruin years of building a solid reputation.
Clearly yourself and Feeks have a lot at stake here. You must have nerves of steel as with any AIM share it is likely to be a bumpy ride as we see last week.
We should be very excited about the next 6 months.
Looks like TW and Jaknife are the same person.
Jaknife, when you say u are invested in this stock does that mean that you ur shorting.
AIM investing is inherently risky. We know that. However, the rewards ( few and far between) are much greater than on the LSE. My reasons for investing in VDTK are pretty straightforward:
1) I believe in the company's Gen 1 SPV technology.
2) I believe there is potentially massive upside from the graphene JDP with Paragraf
3) I am encouraged by the investment in Paragraf by Amadeus Capital and Hermann Hauser.
4) I believe in VDTK's new management (Rob Richards) to commercialise the company's potential
5) Feedback from customers suggests that VDTK is in the right place with the right product at the right time
6) The global shift to renewables supports the investment case for VDTK.
7) If they deliver on their potential, valuations don't look stretched.
8) Potential newsflow on new orders from a variety of customers in a variety of verticals could lead to further SP rerating in the coming months.
9) The global shift to ESG investing will favour companies in the renewables sector such as VDTK.
10) Unlike other companies in the renewables sector, VDTK has product which is "good to go" and there is a realistic prospect that they will be cash flow positive in 2H2020.
I agree with you but also I think TW probably found a way to make a business for himself by doing a)-d).
I have not read the TW piece and dont intend to read it. The company should probably have cleared up what happened with the Nigerian deal. I did think of this myself before investing and was prepared to put it down to the long grass on the basis that the company has moved on. On reflection it seems to have been a mistake that the company did not clarify this before now. But that's as far as it goes IMO.... Or did we buy Cloud tag too?
You have obviously done your research so just interested by your beat guesstimate on cash in bank bearing in mind they did raise relatively recently and there was a conversion last week. I also hold a large stake but not as much as 1%
Cat. We all know that the Nigerian orders were never shipped. VDTK is very different now with RR at the helm.
I hope the company have been notified of the comments made by TW as its a disgrace to suggest that recent orders are false.
Clearly you have a significant holding for a PI and its comforting to know your postive views.
I should add that I don't rate the likes of TW who a) engage in sloppy research b) don't verify allegations with company management c) don't bother to contact customers to get an independent opinion about validity of new orders d) don't bother to educate themselves by attending events like Big Solar 5 ( Dubai 15-18 Sept) to cross check allegations about competitiveness. Fine to question VDTK's RNS in 2019 but sloppy journalism not to cross check facts with VDTK management before going public.
I don't want to get in a bunfight with TW. I think he does have a valid point about the RNS issued in 2019 about the Nigerian "contracts". However, I think his extrapolation that recent RNS on new orders are similarly dodgy are wrong. Why? I have contacted one customer and confirmed that the order is genuine, they love the product which is a no brainer for them, they plan to place further SPV orders and they rate RR highly. I can't comment on VDTK's current cash position or if they will decide to raise capital but the feedback I have received from VDTK customers is extremely positive. For the record I hold a 1% stake in VDTK and believe in their technology, management and strategy.
I dont doubt that Feeks. I have no reservations with my investment and neither do the ADVFN posters. RR is doing a fine job since joining Verditek.
Be my guest Bananaman2.
Being a slightly long in the tooth AIM investor I just groan, but it is also sensible to assume that people like this have skin in the game and won't just back down with a bit of reasoning. Hopefully the company will let the good news do the talking, and a new policy of increased transparency, frequent market reporting and shareholder engagement could be valuable part of that starting soon. RR would be a good spokesperson in that role, I think.
Great Post Feeks. Mind if this link is used on ADVFN ?
The guy is a tool.
Hoping Astralvision can somehow remove him.
Jaknife on ADVFN says:-
It's a fact (stated in the company's recent accounts) that it had no customers and zero revenues as at 30 June 2020. Stating facts is not libellous! It therefore must mean that the company's claims to have sales in its 2019 RNSs were false-
Now there could be a million good reasons why the Nigerian order did not complete..... Only in a theoretical world where every order announced results in product delivered AND cash in the bank does the above statement hold true.
This one is the Hasty Generalisation Fallacy:-