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Seem like VS may have lost another customer:

http://ghx.com/europe/en/news-and-events/ghx-confirmed-as-guy-s-and-st-thomas-nhs-foundation-trust-s-partner-for-cloud-based-catalogue-management/

"Anyway, the answer is that he is taking up a new role – he is joining software firm Virtualstock Ltd, who seem to be coming up in conversations with increased frequency these days. As we described recently, we learnt that they are the firm behind the product information management / catalogue and stock management initiative at Guy’s and St Thomas’s Trust in London that David Lawson wrote about here.":

http://spendmatters.com/uk/82299/

Sounds like an ex-customer of VS...

"Virtual Stock is now established as a provider of digital solutions to the UK’s leading retailers. Its retail clients include Tesco, Maplin, Sainsbury’s Argos, Dixons Carphone and Office Depot."

http://www.leginvest.com/demo/portfolio/virtualstock-limited/

https://www.commercehub.com/news/office-depot-europe-selects-commercehub-to-strengthen-ecommerce-presence/

https://www.standard.co.uk/business/entrepreneurs-ordering-made-simple-by-the-duo-who-want-to-save-the-nhs-700m-a3950271.html?

https://www.telegraph.co.uk/business/2018/06/10/virtualstock/

https://retailtechinnovationhub.com/startup-stories/2018/4/10/qa-ed-bradley-founderexecutive-director-head-of-research-virtualstock

S-T-M - if you watch ZK even he states that the earliest exit he expects is 18 months, but that the VCs will be looking at a return within 5 years (around 7:55 on the video).

My argument about timing is based on the assumption that the VS Board will seek to maximise value in any sale. Heading to the Exit too early will leave far too much value on the table. Notion are a professional B2B SaaS investor who will look for 7-10x returns on their investment over 3-5 years (hence my view on timescales), which means an exit valuation of �550m-780m (fully diluted). Assuming a 10x of forward looking revenue this would require VS to be credibly forecasting �55-75m revenues. I think they are a way away from that at the moment. I completely agree that LEG are a one trick pony, and I think ZK got lucky with VS - although credit too him that he did take the risk and buy in early. I also don't believe he has any great insight into the business as VS seem to run a very tight news cycle. Also, if the VS Board are as good as their bios suggest then they won't associate too closely with ZK. Full disclosure - I got in at 0.12 and got out at 0.34 a long time ago - now watching and biding my time - but I agree that with VS this stock has potential.

Sam-T-Man - I am suggesting that VS are at least 3-4 years away from an EXIT. I made no mention of when they might enter the US market, but judging from the public statements it would seem sensible to expect that to happen sooner rather than later. So next time you want to try to score cheap points I suggest you actually READ what you are reacting to!

Hi Underdog, LEG may be a shareholder but they don't have a Board seat and as VS is a privately held company I don't believe Zaf knows any more that is in the public domain. Indeed, if he did have insight to price affecting information he would be compelled to issue an RNS. Actually he is such a blabber mouth and so desperate to pump this stock that I think we would be the first to know! I am optimistic about VS' prospects, but there are 3 to 4 years to run before they are ready to sell. In my view a float this year or next is not on the cards.

I think I was one of the people who posted that piece. A positive statement about continued growth at VS and ambitions to enter the US market are all good, but don't change the fact that they are a long way from exit. My question was related to Underdog's comment "Is everyone forgetting that leg have put in writing VS to float this year?" - where is the evidence that ZK has any insight or influence on the matter?

How on earth would ZK know whether VS would float this year, let alone be in a position to commit to it? VS is no where near ready to float and in any case in a scale up tech business the exit is gong to a trade sale - and then only when the value is right. Notion invest expecting a 5-10x return within 5 years. There are some fantasists on this board!

Perhaps I'm missing something. VS is a SaaS business in scale up mode. Why on earth would they want to make a profit? Every penny of GP should be reinvested back into growth.

Now with correct link: http://www.retailtechnology.co.uk/news/6528/currys-pc-world-adds-new-drop-ship-platform/

https://www.linkedin.com/feed/update/urn:li:activity:6328602863052431360/

Really? You know a way for a company to grow without raising their profile? You are clearly a business expert...

I personally think that the CEO of VS being asked to join the Board of Trade can only be of benefit to raising their profile and building relationships at senior levels of Government.

https://twitter.com/virtualstock/status/918750743099736064

See: http://gba.realbusiness.co.uk/ VS is a finalist in both B2B and Digital Business of the Year!

"I note that as he is a shareholder and management team member of VS, our CEO is part of that delivery and yet he also has a role to play for the other Legendary investments to." As far as I am aware I have not seen any announcement that Zaf has anything to do with day to day operations at VS either as a Board Member or as part of their management team. Have you any sources you can point us to that suggest otherwise?