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Beware of Ponzi Schemes such as Bioprogress/Meldex. This is similar. Their mainly "work" is to find a buyer of salable parts. All the rest is just a succession of fake RNS's followed by a raise. Each time the same paten until the ex CEO jumped ship with the money. Any news on hundreds of of "agreements" ? Nothing. Any feedback on "orders" ? None. IMO the next news will be just this: "Because we cannot raise any penny to sustain our salaries, we are sorry, there is nothing left". There is no blooding anything left as it is all clouds in the sky.
LW. One of the problems here is that LSE is showing a 40-50 pct range. Last night it showed a closing price of 0.1545 when most of the larger sales were made at 0.1838
This morning it is showing a mid price of 0.185 which is more realistic but not reflected in the percentage change.
Thought today would be a disaster when it dropped to 0.15, managed to rebound a bit.
Why LSE is showing a closing midprice of 0.1705 when the latest sales have all been made at over 0.19 and the latest, although small, purchase is over 0.22 ?
Https://x.com/CharlieBurns9/status/1744668752040382650?s=20
Surely a good news development since 13 Sept '23 - another RNS ?
Meanwhile sp down to 0.21p.
Let's get cracking - or VRS will miss the boat for full graphene commercialisation.
LSE only showing a 50pct spread today....
More realistically it 0.23 to buy and 0.2045 to sell.
Been exactly two months since the last placing. I guess that means the next one is coming very soon. 🙄
Where LSE is getting its price levels from but a 65pct spread is simply ridiculous.
The 500k trade is a buy.
No idea if something is happening but seems to be a lot of interest in this stock today. Anyone have an idea?
Referee ! we need VAR for VRS ! It's another 35% lopped off !
My sentiments exactly 007.5
They say there will be more liquidity in the markets in 2024 - let's see if we are still here to benefit in ANY way.
Graphene IS the future for all sorts of engineering and scientific solutions to create a far better World than exists today - just think that our timing may be out of quilter a bit and that VRS doesn't dump the retail investors that have kept it afloat !!
GLA
Shareholders will be wiped out. Turkey for the CEO and Turkey twizzlers on the pavement for shareholders !!!
What a great time to drop that RNS! Nice work CEO! Just before the holidays! I wonder if they were laughing to themselves while writing it! But at least the placing holders managed to sell their shares over the last 6 weeks for a profit, so I'll sleep better tonight knowing that! lol 😄
At 1.5m mcap yesterday and having just raised £450k, would've thought this was a fairly safe bet for the short term, but I guess not. 2023 has been a real eye-opener for me. No wonder the London Stock Exchange is losing out to other exchanges. If the MMs are trying to show us not to buy these micro cap stocks, then they're doing a great job. Once again, only the shorters raking it in whilst everyone else suffers.
While the outlook looks dismal - it can help to look at the broader picture. Yesterday's Guardian article on Paragraf mentions Versarien along with the challenges of funding. The UK doesn't fund tech in the way China/US does - and so we risk advanced materials being yet another might have been, in the way so much innovation went to the US during the post war years. While the turnaround strategy isn't focused on semiconductors (and with the daily deluge of naysayers on the other site who turn up day after day to warn people off the rocks - a task they've preoccupied themselves with for years) - for balance, look at Paragraf's figures:
"Paragraf made a pre-tax loss of £11m in 2022, after a £6.4m loss the year before, as an increase in staffing and materials costs outweighed a near sevenfold rise in revenues to almost £230,000."
"However, many graphene companies are struggling to generate revenues and raise funding, and some have gone under. One of the first specialists, Applied Graphene Materials in Durham, sold its main business to a Canadian firm and wound up the rest. Versarien in Gloucestershire has scaled down its research team to cut costs.
In May, the government announced a £1bn investment in the UK semiconductor industry over the next decade, a sum dwarfed by the $52bn being spent by the US."
I don't defend NR's lack of focus, the awful early ventures into the US with painful Mr Crush, or the bizarre activity around quoting charting 'experts' or claiming that a share price can climb back up because it's been at the giddy heights of £1.80 before.
But it's equally important to remember that confidence is a substantial part of price valuation - and no one has a crystal ball. If the continuous vexations of people who aren't invested don't have any sway over market confidence, the question must be asked - why do they turn up, literally every day, year after year, in these selfless acts of cautionary tale-mongery?
Sell up, or don't buy - sit it out and watch. But shares are always valued against future potential and that relies on confidence. Sorry if that's too intangible for some - but human psychology is a tricky beast - and human behaviour is all there is.
Main shareholders are retail investors through firms like Hargreaves Lansdown and Interactive Investor.
Retail investors own over 60% of shares through top 5 accounts on VRS AIM disclosure on their website which is out of date.
Who now are the main shareholders. Hargreaves Lansdowne owned 27%.
Don't buy then Neil, it's game over here
Wow what a joke of a company and now the MMs go and smash a 100% spread on to add insult to injury.
0.20p to buy but 0.15p to sell so 25% as u hit the buy button
Had all the potential to succeed a few years ago, has been badly run and managed.
Reducing par value to issue more shares to keep the gravy train going. Everyone knows this business is a dud
Summed up perfectly Theanalyzer
So AAC Cyroma sale not imminent.
Assets write down of £7.5 million plus LBIDTA loss OF £3.0 means net assets of close to zero and £10 million loss for year.
Still losing money circa £1 million last six months.
New placing at even lower share price meaning more dilution
Burnt whole of last of £400,000 placing plus a further £200,000 in last few months
What a dog
It was apparently £1.00 when the old CEO was selling his shares
Not sure if that's true ?
Wow what a complete mess... this was 6p not so long ago and now looks like it will be another 60% crash today.... unbelievable
I was reading about the old CEO
Totally disgusting