Member Info for DJ79

@MIKODX regarding the fundraise, did you miss these?

ABB contributed about 10% of the amount raised.

https://www.lse.co.uk/rns/AFC/result-of-fundraising-1q8rkdwwi2qulbn.html
https://www.lse.co.uk/rns/AFC/fundraising-tkd16mompnxczjs.html

Didn't Extreme E already have a charging partner? Kempower/Vital EV Solutions used to provide the charging stations. It seems they are now replaced by Enel?

https://www.extreme-e.com/en/news/162_Vital-EV-Solutions-and-Kempower-support-Extreme-E-s-sustainability-mission.html

"Another busy day in Lainate"

https://www.linkedin.com/posts/verditek_solarpanels-solarenergy-flexiblepanels-activity-6812358082253991936-c1r7

Busy doing what? Producing panels which are not selling, or which are selling but communication is terrible?

This again

Post from Verditek on LinkedIn:

https://www.linkedin.com/posts/verditek_verditek-evriderz-great-activity-6806231722259230720-HgAk

"Our client in Thailand was so impressed with our panels that they have subsequently ordered more, this time for their charging stations for their evBikes in South Africa!

#solarenergy #cleanenergy #greenenergy #solar #cleanenvironment #greenenergysolutions #verditek #renewableenergy #energy #southafrica #evriderz #bike #evbikethailand #evbikes"

@thompsontwin It's not at all clear that they're down to 0 though? They could very well be following your trajectory. The funding pitch finishes at the end of July, so they will receive the money somewhere in August/September probably. The size of the bond is 500k btw.

@Campomar I agree. You can mark your calendar on the 31st of July when the pitch closes that if the crowdfunding is not successful Verditek can pack their bags

To add; one of the directors is putting in some money as well, which shows confidence

My two cents:

Advantages
-No current shareholder dilution
-Tapping into the popular green bond market
-Broadening the investor base to include bond holders
-At 7% interest it is probably cheaper than the cost of equity

Disadvantages
-35,000 interest expenses (maybe some tax shield which decreases this)
-In case of bankruptcy there is an additional layer before shareholders which get compensated

Well, at least they're becoming active on their socials again. Today another post relating to one of their resellers. Who knows.. The only positive about their commission sales team is that when there are no sales, there are also no costs. They might be able to hold on a bit longer

I might have missed this being shared on the forum, but I just noticed AFC included a 'Research Feed' on their website under the 'Investors' header. It includes all analyst coverage on the company. Its a pretty nice feature for some quick-access to coverage on the stock

I'm going to stick around a bit longer. I still have some hopes. Apparently, Verditek is doing some kind of business. Foir one they are providing solar panels to this yachting company https://flin-solar.de/. I just cannot get a read if they are making any sales through these resellers. The BoD is awfully quiet

I would like to do the same, but I would love some confirmation from their side on orders first. Who knows how far this can slip if nothing develops

Please name the other producers

@red "but you wouldn’t hold such an event without some half decent updates" to be fair that's not true. These capital market days happen all the time without any actual news dominating such a day, either positive or negative. When the investor base turns large enough it just becomes good shareholder management to give investors a well-organized platform to inform them and let them ask questions. Ofcourse you have the AGM which is more focussed on decision-making, but capital market days often provides information about the current state of the commercial business, basically giving information related to the return investors can expect. The question you can expect to be answered is; now I got in, why should I stay in?

@RugRats it is what they said it will be; an update of the current business. Anything else would just be us investors dreaming

Bought in an additional 2k worth. Glad an opportunity arose

I thought it would be as per this morning's opening of the trading day (see RNS)

In any case its good to see this forum more active, with new investors coming in. Welcome all and enjoy the ride

@TPKart I base this on the following:

At 31 December 2020 they had 1.7m in cash. Their annual cash burn was 1.8m last annual report (higher in previous years) and about 0.9m over H1 2020. This might have slowed down somewhat with a change of their sales approach and impact of COVID, but I don't think by much. I fully agree the stockpile they have can be a great source of revenue, but then they have to start selling first..

My average price is 8p and I would love for them to do well. I really think they have the potential to do so, but with a lack of news time unfortunately is against them. I agree fully that it won't take much to get this going again, but then something must get going at least

https://polaris.brighterir.com/public/verditek/news/rns/story/rg4413r
https://verditek.com/uploads/document/Verditek_plc_Group_Annual_Report_and_Financial_Statements_Year_Ended_31_December_2019.pdf
https://verditek.com/uploads/document/Verditek_Group_Interim_Accounts_Jun_2020.pdf