Member Info for fatherelmer

I'm still here Fred. Lots to like today (except for the SP drop) a great start to the new Financial Year, or were you expecting me to be all gloom and doom??

There is only one significant shareholder (as per the AIM definition of the same) these days, as clearly shown on the TSTR website.

Krispy, I don't know if they have sold, but as I said given that Odey acquired an extra 4.6bn shares at the time of the OO, and there wasn't the volume of trades to support this increase some large holders must've sold to them. As for whether or not the Eyi family took part in the OO or not, again I don't know for them all (as prior to the OO only Emin had more than 3% - he held ca. 8%) however after the OO as Odey are the only holder with more than 3% the maths says Emin didn't fully subscribe to the OO (if he did at all) as his holding must now be below 3%. If he didn't subscribe, or sell any, his holding would now be ca. 2.5% and so below the disclosure threshold. Again as I've said before this may all become clearer when the Finals are published.

Prinerruss, I've never claimed to know, just stated an opinion based upon some simple maths and logic. It's interesting that this opinion seems to play to some of your insecurities 😉

Digore, its true when you question why would the Eyi family sell, however given that they didn't fully subscribe under the OO (if they subscribed at all) and Odey acquired ca. 4.6bn additional shares at that time - without the corresponding volume of trades - some former large holders must have sold (with the Eyi family holding ca. 2.8bn shares at the time) for what reasons who knows, remember also that Emin stood down as a Director at the same, and so to me this points to him / them.

Wassatt, I think they'll wait - especially if the Odey loan arrangements require a GM style vote. As for Emin still being a shareholder that is just a (hopeful) guess on your part, personally I think the Eyi family have sold out.

Fuzzbox, without some of the news items I mention below, I don't see any movement in the share price any time soon.

Investerinvester, whilst some more site photos would be nice I'm not sure they'd show very much. As for an RNS update the last one was on 22nd March (where they said they were 86% complete) and so I don't expect anything else now until the plant is complete (ie at 100%) and possibly not even then as they may wait until Commissioning is complete too. So probably nothing else until late May / early June IMHO when they announce start of Production and / or 2017 Finals and / or how they plan on paying off the Odey Loans - in fact I wouldn't be surprised if all 3 things are covered by 1 RNS or separate ones released simultaneously.

Rufiji, you have aired my concerns, and what I think Solentas longer term objectives are. I guess the question(s) then becomes... - is takeover by Solenta a bad thing?? - what will this mean for current shareholders??

As neither are Directors anymore, and they hold less than 3%, there are no reporting requirements and so only they (and their brokers) know.

fjc, I can't decide if this is broadly positive or not! I guess it does show confidence in the future with the commitment to the 3 ATR (even if the loan is quite expensive) roll on June! The other curious thing in the RNS was reference to shares (that FJET may acquire) in FedAir as part of the security for the loan. This caught my eye as I thought the deal was a marketing / brand licence agreement as in Mozambique! Talking of FedAir the other curious thing was the realisation of $250k cash from this arrangement - what does that mean???

25-35% Gross Margin is good. The 'pay off' comment is rubbish though, as what he actually meant was TSTR share of the above GM, at full production, is equal to the current Market Cap, absolutely nothing to do with anything being 'paid off', and two completely different time periods, and smacks of trying to find some form of mumbo jumbo positive headline / soundbite. As I said once they get through the current short term issues, and into ramping up production, you would hope for a re-rate. I also didn't say it was negative just a positively spun puff piece (that studiously avoided anything negative). I have also admitted to being of a more cautious 'half empty' personality type previously.

coffeecups, I think the OAR is great and that it 'should' lead to a re-rate, but to me this is all caveated against the major short term risks / issues facing the business, once we get passed those and the OAR is ramping up production I'll be much happier (and any re-rate. if it's going to occur, should then also follow).

JKOK, I agree it is a very important subject and like you I looked at the ISO website to see what I could find, in total I found 4 (potential) standards.... - ISO/TS 80004-13:2017 Preview Nanotechnologies -- Vocabulary -- Part 13: Graphene and related two-dimensional (2D) materials, published in September 2017 - IEC/AWI 62607-6-3 Nanomanufacturing -- Key control characteristics -- Graphene - Characterization of graphene domains and defects - IEC/CD 62565-3-1 Nanomanufacturing -- Material specifications -- Part 3-1: Graphene -- Blank detail specification - ISO/NP TR 19733 Matrix of characterization and measurement methods for graphene With these latter 3 (including the final one that you mention) all being in the very early stages of their development, and so to my mind potentially some way off (as the Vocabulary one took something like 3 years to publication). https://www.iso.org/search.html?q=graphene So whilst VRS are very well connected, and they know / work with a number of the Key individuals involved in this process, they could still be a little while away from formal ISO Certification. I guess, in the interim, the best that can be hoped for is some form of independent verification (say via the NPL / NGI) that their products conform to the Vocabulary.

luckyorange, unfortunately not as I had to be elsewhere for work.

coffeecups, a good find though just a puff PR piece that doesn't really say anything (or talk about any of the challenges facing the company)! I suspect what SPA are hoping for is the re-rate that they mention to commence in which case I wouldn't be surprised if there is more stuff like this over the coming days and weeks in an attempt to make their prophecy self-fulfilling!

Hi Fred, I'm doing well thanks - you? Just sitting patiently as I await the next news (which I think may well be Finals in June) think China may take more time than folks would like, that ISO certification will not be before 2019 (at the earliest) given the status of the relevent documents on the ISO website, and fully expect the collaborations to continue their slow burn (with again probably no orders before 2019). As for the Finals themselves, I posted on this the other day, and so an expecting the group to overall still be loss making, though good progress being made and the 2D businesses showing good movement forward (but no profits).

For those that missed it (not that it is the most informative!).... http://www.versarien.com/files/7515/2275/2384/Investor_Presentation_Day_March_2018.pdf

Wassatt, I don't see the point in your message as this has nothing to do with SPMP (and i never siad they would get free reign at SPMP) only what they might do with the company we all currently hold shares in - TSTR

Krispy, whilst your basic point - what are Odeys intentions - is indeed one of the key points facing the company I am surprised you dismiss the holdings discussion so glibly as I would've thought knowing whether or not the company founders, or any other large holders, existed to balance off against them was important (in my book at least). As the founders seem to have not participated in the OO, and there are no no other large holders the risk profile has changed. Don't get me wrong as I hope you are correct in terms of Odeys intentions, It's just that I’m not so sure, especially given the increased risk of them having free reign to do what they like (and is solely in their interest).