Deal v Deal ?8 Apr 2020 10:30
RNS yesterday 30% rise so far. Is the Haydale deal worth 100,000per year and using Dalian across China as the supplier of high grade graphenes to other Chinese businesses , with possible increases in revenue upwards from 100,000 per year , the same if not better than the vrs rns from March 25th ?
Vrs are also to give up , up to 15% of the company value in shares once they get the sp up.
Here Haydale are free to do deals and no restriction on raising revenues v share issue BUT without the pressure of hitting sp targets inorder to get the deal through?
I am a holder of vrs but it has developed a recored of being heavily shorted over the last 6 months and NR being brought to task by NOMAD over the extreme twitter info he was giving. Interesting the drop since he stopped and the shorting increasing. Still I am positive on the IP's they hold.
Just got to finally do a cash rich deal.
Here it feels much more risky yet mych more simple.
A very quiet CEO & Bod and cutbacks , but they are working and providing product to National Grid, Aero industry, BACMono and now R&D with a HUGE Chinese company in Dalian.
Anyone have any views ?
"RMB1 million (c.£121,000) initial investment each by Versarien and YG over the next 12 months subject to certain milestones.
· The Joint Venture will have exclusive use of Versarien's technologies in the PRC. Versarien will retain rights to its existing technologies and intellectual property, with newly developed intellectual property being retained by the JV and/or the end users.
· Agreement includes, and is contingent on, a commitment by YG to procure subscription for Versarien ordinary shares from third parties in three tranches, which in aggregate will total up to 15% of Company's current issued share capital ("Versarien Share Subscriptions"). "
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