Member Info for DGD999

RH - what fracking deals are VRS lined up with ?. First I have heard of this.

Saw an interesting snippet in the SCNP about a tech company in Dongguang :
Now employing more than 30 people and offering a premium brand called Sendy Audio, SIVGA sells a luxury pair of US$599 headphones called Aiva. Featuring handcrafted wooden ear cups and intricately detailed metal grilles, the Aiva have shipped more than 2,000 units into a niche, high-margin market that is usually reserved for US boutique outfits like Audeze and Campfire Audio.
“As far as we know, we are the only company in Dongguan with a woodworking department,” said Zhou, while also pointing out that at SIVGA “the development time is short and many decisions can be made on the spot”. This instant design responsiveness is a signature feature of China’s new tech upstarts, and Zhou summed it up with an old Chinese proverb: “small boats change course easier than big boats.”

Great comparison to Media Devil I think. I am sure the BIGT is about to drop and will have immediate take up.
https://www.scmp.com/tech/innovation/article/3026973/trade-war-spurring-chinas-hi-tech-innovators-overdrive

Neill was aware of the situation but given Patrick's CV he decided to go ahead with the hire. (My thoughts but for sure he was aware before the news hit the media). The case was a bit more involved and so I believe that they decided to part ways in order to concentrate more on his case. Since Brian Berney had been hired I was curious as to why we were not hearing much about the US operations but was reassured by Neill that "Brian is still with us and full time, he is extremely busy but like all employees, there is a strict code over social media and one that is getting harder with all the regulation. He is just getting on with the multitude of things that we have started".

If it is not difficult then you would be a fool not to get into the business as the cost of good graphene seems to be quite high at the moment. Good luck.

I am sure the order would have been more than 100k and I guessed at somewhere between $150k and $890k so your 250-600 is quite reasonable.
Wide spread but only VRS and the buyer know.
My guess is based on the application which is most likely the stator of a drilling motor. Figures bandied about when enhancing 'rubber' is somewhere between 0.5% and 3% so I have taken the possible cost of such a stator and doubled it as being what the final client might pay for such a motor. I also used this thought process to work out how many stators might be manufactured so on this basis I think the loading might be the higher end rather than the 0.5% end. This would be more reasonable. If I guess at 2% loading then my guess at 12kg cost would be $222k and potential annual revenue of $55M. The full post is on ADVFN - dgduncan2 Jul '19 - 10:10 - 72047 of 72091

Fairview - yes I hold shares but not with blind faith. You are saying that Neill should have mentioned it in the RNS but I do not agree. It was probably optional and the best option was not to mention it. Had he done so I am sure he would have picked up the same criticism or worse. Now he has been forced to admit it.Wass it a mistake or a calculated decision ?. It is a shame it went this way but as I said, just a short term irritation.

Fairview, the RNS today was forced by the derampers. I still maintain it would not have been good PR to announce it in the hire RNS so what to do ?. Hire him with great qualifications or look for someone else ?. Ignoring the problem, he seems a great hire for the US market. He is on probation so if he does not work out they will get someone else. This is just a short term irritation.

Fairview, I would not expect Neill to announce these matters. His choice was to hire a man who is a top find for the job or to not hire and later find that he was found not guilty. He was hired on his merits and he must have convinced Neill that the case was unfounded and for sure his future tenure will live or die by the verdict. We all form first impressions of people and I think Neill is pretty good at it. I am happy with the situation in as much as I am still long on VRS.

JT - As soon as the hire was announced I done my investigation via the net to see what sort of guy we had and found the current allegations. I put this to Neill and he advised me that they were fully aware and that Patrick had declared this problem before the hire. Neill also advised that he was hired subject to a probationary period.
His case will be heard on June 4th.
From his CV and public recommendations plus the posts from the one accuser (Bron Rathert) I feel comfortable that he will be an asset and not a hindrance to the future of VRS.

Jaytee - are you in the UK when you try to sign the petition ?.

Lostinfrance - if you are in France then I am sure that will be the reason for the 'no response'. The petition is only available for residents of the UK so they will most likely look at the IP of the requester. It will probably need a VPN via a UK server to get round that.

Now over 2,000 signatures in under 2 days.

Also - did you tick the box for being a UK citizen ??. If not ticked it will not be returned.

JT - every signature is important. A poster on ADVFN is having the same problem. I can only offer that there is a problem with the used email - typed incorrectly for some reason ?. I am of the age where I have the occasional brain fart !. So far 1858 successes.
Regards
DGD

JT - that is a very good point that I have never seen in the future plan. They lose the fuel tax and many cars will then be charged from domestic supplies. They cannot tax domestic electricity as a replacement tax. A mileage charge won't be feasible. A fixed road tax will not be fair. A massive import tax will not be possible. This is not a problem just limited to the UK. They will have to talk about it one day !.

SC. I feel that the share price should be determined by supply and demand for shares bought or sold - not borrowed for a short attack. They carry out legal mugging in my opinion. Good luck.

Apologies for the intrusion. Not a regular poster on this board but want to advise of a petition too ban shorting of AIM shares. Seasoned investors have seen this happen too many times. If you agree, please sign and share to others you know :

https://petition.parliament.uk/petitions/242399

Apologies for the intrusion. Not a regular poster on this board but want to advise of a petition too ban shorting of AIM shares. Seasoned investors have seen this happen too many times. If you agree, please sign and share to others you know :

https://petition.parliament.uk/petitions/242399

Not a regular poster on this board but want to advise of a petition too ban shorting of AIM shares. Seasoned investors have seen this happen too many times. If you agree, please sign and share to others you know :

https://petition.parliament.uk/petitions/242399

Not a poster on this board but wish to advise of a petition too ban shorting of AIM shares. Seasoned investors have seen this happen too many times. If you agree, please sign and share to others you know :

https://petition.parliament.uk/petitions/242399