Member Info for fatherelmer

Krispy, someone, somewhere, must've sold as the maximum number of shares that they could've applied for, over and above their Basic Entitlement, and the amount therein that they stated they would buy as a minimum, was 21,703,821,262 with 12.68% of this being 2,752,044,536 still leaving them ca. 4bn short of the number required. The question is who sold??? Hopefully we'll get some more Holdings RNS's to make things clear - the only big holders who would have enough shares would be the Eyi family as their combined Basic Entitlement was ca. 6.5bn shares.

....there are a couple of concerns and quite a few unknowns.... Concerns: - regardless of what NR (or any contract says) the Chinese don't have the best record in terms of respecting someone elses IP - I wonder what some of the other, recent, collaboration partners make of this news as the Chinese could potentially be a major source of competition, and any first mover advantage that they thought they had may now have evaporated Questions: - what are the timescales involved in Phases 1 & 2? - what is VRS's % ownership share of the enterprises? - what are the terms of the IP licence / knowhow sharing agreement? - how much will be required (from VRS Hong Kong) to fund their share of Phase 2? - are there any anti-compete restrictions (in terms of sources of supply or have VRS inadvertently created a lower cost competitor to themselves)?

Crackup, make your mind up wrt the SP - yesterday it was going to be £3 by February, then £2 due to this RNS and now £1.20 in 6 months....

You are both correct - if you re-read the RNS - in the first phase (the factory) VRS isn't contributing any money only IP/knowhow, however in the second phase (the Graphene Institute) it does look as though VRS, along with the other partners, will be contributing to the funding.

Luckyorange, unlike some other companies (eg DCTA) VRS do not (yet) have any commercial products, and neither do any of their partners in any of the myriad collaborations, so to say they are leading in the race to commercialisation is misleading, to say the least, in my opinion.

ForestFred, when the underlying fundamentals of the business change AND some of these collaborations result in commercial products and steady stream of repeat Nanene / Ink orders then I may start getting excited, but not before. Long way to go yet.... Look at the other University spin out technology that VRS own (copper foam) as it's not exactly pulling up trees and there is nothing to say that Graphene doesn't have a similar future as no-one has successfully commercialised it yet (though hopefully VRS will).

GossipGirl, are you sure you got all you asked for as those that I didn't get (above the 12.78% that I received) are still showing in my account, and I guess may continue to do so until the excess cash, that would've been used to buy them, has been returned to me??

You are right folks are missing the part about timescales - with 13th June being the key date - after that it'll depend upon how commissioning and operations goes, and the effect this has upon the SP....

MBachaan, if that highest price over the previous 12 months is correct / applies that'll equate to an SP of 0.295, which was reached on 13th June 2017. Whilst I would want much more than this, that would be an okay low figure for me if it has to be.

Question for me is how did Odey end up with ca. 6bn more shares than they were entitled to via their Basic Entitlement (ca. 24bn) and the 12.68% of Excess Application (ca. 1.2bn) allocated to those that applied??? Without these 'additional' ca. 6bn their holding % wouldn't have increased - big block sale from another holder??? Also be interested in seeing what the various members of the Eyi family now hold too....

OsakaKobe, Mr Newman conveniently forgets about the $2m due to TSTR upon OAR Commissioning (which should happen sometime in the next 6 months) or the value in the various mining assets (as discussed on here the other day) and so TSTR 'should' be able to survive without further cash calls (I hope).

As a few have said this will probably one of the next things we face - 1000:1 would make sense to me, even if it's not the way I wanted the SP to get into the whole pence range!

Krispy, whilst I am (slightly) disappointed to only get 12.68% of my requested Excess the bigger question (for me anyway) is will Odey have also got 12.68% of the Excess or 0% as they OO RNS implied that they would buy up any shares that weren't taken up but not necessarily anything more than their Basic Entitlement - against which I noted that they had under committed by ca. 1.3bn shares in any event?

luckyorange, you are the blinkered one that needs to check the end of their nose (and re-read the RNS)........ .....if the partner were Nike, as you insist upon, don't you think the RNS announcing the partnership would've described them in a similar way to the one with the US Chemicals Company (ie a Fortune 100 company) as Nike is also both Head Quartered in the US and a Fortune 100 company??? We may well end up seeing VRS graphene ink in Nike products but that will be because the Contract Manufacturer that Nike use (of which there are over 700 such factories from many companies) is including it in the fabrics / garments having persuaded Nike of its merits. We are just as likely to see it in products from Adidas, Fila, Asics, Mizuno, etc as we are Nike as they all utilise similar Contract Manufacturers across Asia and elsewhere.

bobslob / luckyorange, as Escovido, Capt-hindsight and dafad have shown - however much you might not like to hear it - the partner is NOT one of the major household brands (eg NIke, Addidas, etc) but rather one of their Contract Manufacturers and so as I said yesterday the Partner is one step removed from the brand thus requiring a longer time to market as they will first have to persuade their customers (ie the Nikes, Addidass, etc) that they have something that they may want to include in their end products. Again as I said yesterday this partnership is good news on many levels and the most impressive bit about it came in the podcast where it was concluded within 8 weeks rather than 2 years as some of the other have been.

corkey, in theory from as soon as they are admitted to AIm ie 0800 on Friday 12th January, though this will depend upon individual Brokers and how quickly individual accounts are updated. IMHO - starting on Friday, and probably lasting a week or two, there may well be quite a bit of activity / volume traded as I think a good number of folks have bought (especially any excess shares) purely to flip....

As an update to my earlier post I've just logged in to my TD / II account and can see that the money has now been taken and that I have two pending entries in my portfolio - one for my entitlement and one for the full extent of my excess application, so I guess all will become clear on Thursday once the formal outcome is announced, but otherwise potentially looking good.

Buddy13, I've just re-checked the OO RNS and it clearly says that the results of the OO will be announced via RNS on Thursday 11th January (as last applications are due by the 10th), so I guess we wait.....

Krispy, I think this was the least surprising result of a GM ever!

I'm with TD / II and the funds are all still there..... ....I guess it's all a bit of a waiting game (unless there is another RNS telling us the results of the OO) and we may not find out until Friday, or even next week....