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History has taught us that this management are not to be trusted which means we should do the opposite of what they request.

I fear there may be deal costs that, in the end, mean the shareholders are completely wiped out.

We either almost certainly lose everything and vote to allow them a few more lavish holidays or we certainly lose everything and take them down too.

Which do you prefer?

I'm amazed the stock isn't much lower today -maybe I'm missing something.

I notice the directors remuneration rose two and a half times. Last year the annual report highlights the four directors earned more than £500,000 (excluding lunch and claret). Good to see some people are making money out of this monstrosity.

Can we get rid of all the directors not just the CEO.

I do see one of the directors, Gavin Mayhew, was a big investor. That is interesting. While I remain a sceptic, maybe there is something to it this time.

The simplest way to gauge the future of the company is to see who participated in the offering. If the shares were all bought by BOD, while it would look very fishy (nothing new here), it indicates they really believe in their claims. However if the BOD allowed others to participate without investing much themselves you can be fairly sure that their claims are yet another smokescreen for abject failure. My hunch its that we will find they did not participate very meaningfully.

Does the endless silence mean BOD are quietly sitting on amazing news or that they in no great hurry to admit the sad truth? Anyone with half a brain must see which one it is.

Cat9 asked me to pass on his best wishes. He has asked if invitations have been printed for this £1 party yet --his advice is that we might want to put the party on hold for a bit as apparently the champers has been nicked --he's getting a tiny bit less bullish on VDTK. His exacts words were "tread carefully for a bit!" Disappointing as I know a lot of you (like me) were getting quite excited about sharing bubbles together.

Any update on this party? Perhaps we could change the theme to "the 1p party". I suppose it will need to be a virtual one due to lockdown. Only thing that worries me is --do you have to still be a shareholder to attend? Really looking forward to it.

I see the 'dream team' from VDTK have a new venture for us to invest in. What a joke! https://zerowatthomes.com/about-us/

Feeks. I hope you are not blaming poor Cat for losing so much money in this investment. He doesn't work for the company and you don't have to take his free advice if you don't want to. You have only yourself to blame for poor investment decisions.
I'm delighted to see that Cat has (like me) sensibly "de-risked" but my hunch is that you have not yet followed him. Investing in stocks like this can be very risky --while I fear this advice maybe too late for you, I would always suggest only investing as much money as you can afford to lose.

I suspect that, when we do get to late 2021, the company will continue to struggle to have made any revenue at all but, instead, will have made lots of new excuses.
I also suspect that you will also then be questioning your 'hold' with a stock price considerably less than it is today.
Feel free to laugh at me come December but I think that is unlikely.

Sorry -- meant to say Unicorn not Acorn!

The CEO will know best if we have a chance or not. I understand that he has said he is not going anywhere which must be positive (although I'm still not ready to buy back). RR is in a very strong position vis-a-vis his atrocious board within the company --without RR the company is finished. This gives him a golden opportunity to demand resignations of all the old guard and their replacement with a more able team to take things forward. I suspect that Acorn will be fully supportive of this and may have alternative individuals in mind.
My hunch is that if this happens, the share price reaction will be very positive indeed.

If the company gets an order, it will take quite some time to turn that into a sale. When the sale is made it will show as revenue but, crucially revenue does not mean they receive the cash immediately. It will likely be a 'receivable' for many months before the cash arrives.
A company which is small and with no track record, will face a much bigger receivables hurdle than a bigger and more established one. Vdtk's bargaining power in this is very low.
Also, if these orders are in emerging markets, the receivables issue is even bigger.
I just can't see how they make it. It is a bit like being 6-0 down in extra time.
Don't let them kid you that cash prepayments are cash flow they are not. They are purely a contribution towards costs of delivery and installation.
Even if they get a juicy new order tomorrow. To convert that into a sale and then into cash flow within 12 months seems high improbable.
There is a hope, if their technology is amazing, that they can find a strategic buyer. That's the only hope.
Sorry not to be more positive!

The only hope is another company buys them --otherwise, in my opinion, it is game over.

They are in an impossible situation. There is no chance of reaching positive free cash flow before they run out of cash. There is also no chance of raising any more cash.

In light of the CEO's email stating that nearly all potential orders have been delayed seemingly contradicting the previous day's tweet which suggested €2.6m of orders received in 2020 despite announcing the postponement of the $2.2m SAF ****stan deal in Dec, what is the current situation with regard to the €200k order from Black Tulip Minerals that VDTK advised would be shipped in September?
Has this been delayed? If so why? And if it has been delayed/cancelled why has VDTK not issued an RNS to this effect?

It does all feel so much more promising. Now there appears to be some wind at our backs, we really do need some promising news announcements --if so I think the stock price could really lift. If not, I fear the stock will drift back into the doldrums.