The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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....but just to be clear, I am still not selling but would love a little more stability to arrive here....maybe a share purchase from Neill or Chris might show a bit more positivity.
Jeez....I've been out since early morning but just got back.
On reading some of this mornings posts, it is clear, along with a lot of selling, that yesterday's RNS didn't do anything to stop the share price drop and left many shareholders, still asking more questions than there is with answers.
Unfortunately, I feel, until we get some substantial news on orders, this discontent will remain, and god only knows where the share price will go in the meantime.
I do genuinely feel for the shareholders that purchased shares at a much higher price, and in some part I feel it could of been down to the excitement that came from Neill on the large number of interviews/shareholder meetings/Golf days etc.
I'm not going to lie....I am also hugely disappointed with the drop....but, although I never said it, I did think the share price went too high. Hindsight is not great when you realise that you should of sold a long time ago, but I wasn't in a rush when I first purchased these, and I'm not in a rush to get them sold.
No matter how anyone tries to convince you different, nothing has really changed apart from the share price.
All NDAs remain in place and most have got bigger.
The only issue that I see at the moment is finances. From that I mean, ex shareholders and new shareholders won't be getting back in until this is addressed.
That can either come from orders....or eventually, they will have to consider a fund raise. I can not see Chris would want to leave it until the last moment...
The Aecom guy coming to VRS, I still feel is fantastic news. Again, Chris wouldn't of wanted another additional wage unless finances could be assured in the not too distant future....
This yet again shows that the panic about their finances is not felt by VRS....they know far more than us.
We will see Max, we will see.
Lucky O, Able and Robin. You seem to have overlooked the events in Parliament !!!
(1) The members of the tory party overwhelmingly chose Mr Johnson to be OUR new Prime Minister.
(2) MKr Johnson prorogued Parliament, which the UK Supreme Court declared to be illegal.
(3) Mr Johnson called for a General Election, December12th 2019.
(4) The new tory govermnet won a lanslide victory and pursued t he PMs objective to "Get Brexit Done".
(5) Outside of Parliament many, many companies warned against leaving EURO
(6) Outside of Parliament Trump promised to help the PM to leave EURO
(7) Outside of Parliament other countries, including China, saw what was happening and closed ranks agianst us.
(8) BACK in Parliament the PM seems to be conspicuous by his absence.
(9) NET RESULT. Country unmanaged and companies curtailing their investment programs. ----- Yours, Max.
Hi Lucky
Well said and while we are about it, Neill as a very substantial shareholder will down much more.
You have every right to be concerned as there appears to be something of a market meltdown and, before the Corona virus this conditioning was threatening. From my own experience of the past you can not fight a meltdown, you must first let it subside and then be very careful by just dipping your toe in the water. I always found that there was at least two false alarms before the markets got back into their stride. The share price of Versarien is caught up in the current malaise and in my opinion is best left alone for a while until it settles especially as world events seem to have overtaken us.
Markets have their ups and downs , this is a down one . As far as first graphene producing half a tonne that is fine, not really interested in them but doubt if they gave the value of that half a tonne or even what it was for maybe?
We know that NR gets his head down workwise and the attack on the company will probably have doubled his efforts to get things done and not to be underestimated. Apart from shareholders he is also responsible for peoples livelihoods , although it is under 100 employees the impact would be exponential to others.
The Aecom guy coming over to VRS is interesting as aecom were very pleased with the arch after the 500 initial ideas that were filtered down to one. Testing has been fine and met expectations whilst still being a cheaper lighter stronger alternative to others.
The issue with China is getting the money out to the parent company and if they want it they will , they seem to be very keen on vrs graphene and in their 2025 plans it plays a big part.
Everything will change with the next RNS which hopefully isn't too far away.
Robin, I share your concerns and am significantly down on this share. Coronavirus doesn't cut it as an explanation for a company which doesn't have a product pipeline or logistics system to be interrupted by locked down borders or areas. This is an IP company.
Seriously concerned
PS on the supply issue a total will not break NDA's. I dont need names just how much has been shipped ?
First Graphene posted a picture last week if a carppyblittle car with something like 500kg just sitting in the back if a hatchback. It looked daft, but it was product , it was given a weight and was being shipped somewhere.
Visual proof. I do not hold haydale or FG.
True Lucky, but look at the date of this drop. 1 day stands out, so I looked around at all news events including the wider industrial picture, weather events, political news say China Xi had said anything?
It looks pretty clear to me? Just saying.
Why does the drop not start on the 3rd Jan or in November December when we all knew China was struggling ?
I am devistated and losing a hell of a lot if money here Lucky. The virus is the real kicker on top of what TW is doing, but I have to take my rose tinted glasses off now to wipe away my tears.
I now have to ask just why and how vrs has fallen so far !??
Haydale, which I was in from the fall from £2.40 down to 60p when I "bought the low", topped up at 45p surely "on the low" is not and sold at 38-35p thank god, is not a good place to be either. Could it have happened to them at £2.40 ? No way most would have said. Most did say "this is the bottom" certainly at 45p. These are the facts of companies who hit trouble, miss their own targets and will not disclose even a total production including test batches for a financial year. Give me the numbers of supply and let me decide, but no. I know they will not be high, but as a shareholder I think it only fair especially after being told and others told on many occasions that the hopper is full. 3tonnes last March then ? So is it still sat there? Has half been sent out to 20 possible users ? Has all of it gone ?
Lucky, I know you know your stuff, but we need more than yesterdays - imho - poor and unrequired rns to fill in the holes being created by TW and is trader friends.
Help me , I'm dying here fella.
Now you are in danger of making stuff up Robin, have you looked at the impact on the dow et al? China not producing has an impact on a lot of companies and the fall in the US markets is entirely down to that.
Those thinking it is Corona virus, well the drop from 20th Jan does relate to the first 3 sad deaths in China.
However it also is in sync with this new open attack by TW which started to gain traction more generally around then.
The fact is Neill immediately stopped using his favourite comms method abruptly on the 9th Jan and slowed dramatically in the few days prior to this. 100% to 0% posting record is very dramatic and obvious that something has happened.
It is NOT just corona virus, although this is really not helping. A bad time to be slapped on the wrist and then get the flu.