Member Info for Sophie1

Horseposture, I'm afraid you are incorrect. They already have the orders. Some of which have been delayed by the customer, others are awaiting payment. When money is available and payments arrive, the goods will be delivered. There are many potential sales in the pipeline but not over the line yet.
Don't get me wrong, I think their performance over the last six months is pitiful and they need to improve. something I assume they are dealing with. However, the company is the same company it was last August, just a little further down the line than then (even though that is hard to believe).

Horseposture, I presume you have no insider knowledge, therefore how do you know they will not reach profitability and will run out of money. They have £1.7m in cash which will last them 12 months. No orders have been cancelled, just delayed.
Do let us know on what basis you make your comment.

cat, I see it as better than 50/50 to go well. As far as the Paragraf update is concerned, I don't believe there is any bad news on that front, so hopefully that will also come out very soon.
With everything that has happened with TW etc I don't think they want to announce anything until they are 100% certain it will happen.
I am not saying they have done a good job, because they have not. It is an awful record for the last six months and they will need to get a move on now.
I'm not as big a holder as I was so the drop has not hurt me as much as it could have done. I will probably increase a little at these levels if we get the positive update which I am hoping will come by next Monday. (re my earlier post regarding leaving the game)

Well, well, well, There is no way I can put a good spin on that update. However, because it is so thin on detail, I think it is a way to get the bad news (which we already knew) out of the way. Any good news here, would have been lost in the bad.
To me I see good news coming within a couple of weeks. They have stock pilled production, so no delay in delivery.
Yes it is bad, but I don't see any further downside from here.

Excellent review

cat, I think its a a foregone conclusion that the commission only sales team has failed to produce the goods. It would be my bet that they will move to concentrate on just full time sales people and distributors. They will keep the commission only sales people but will not count them as part of the team.
The rights and wrongs of how it has been run over the last 6 months are now irrelevant. The important thing is how we move forward from here and make this company as good as the potential it has.
I still expect an update this week.

Michael Walters

http://www.michaelwalters.com/comments.phtml

Michael Walters just posted and remains positive.

Alright its not the rise of the century, but its more than we have been getting and maybe the start of something nice.
You have to look on the bright side

Thanks finger but if it was just a case of waiting for sales that would be ok. Unfortunately I have believed 100% in the company and RR. He has promised a lot and delivered nothing.

I've been strong on these throughout. However, I do now feel annoyed that the promises came to nothing. I will wait until the end of the month and then if nothing, it will be time to move on. Cant win them all.
Such huge promise going to waste. I know Covid has not helped at all, but of everything, I think it is the over promising and under delivering along with the silence that has changed my view.

olly, I'm hanging on as I still think it will come good. We are certainly 6 months behind where we thought we would be by now. Hopefully we will know more by the end of this month.
Good luck with EQT and PHE. I have PHE but both have good potential.

This bit we knew

"The #VDTK sales team consists of 18 people geographically widely spread, with a number of regional distributors which has resulted in promising leads across multiple continents and initial orders from Australia, Italy, Libya, ****stan, Peru, Philippines, Sweden, Thailand and UK"

This bit we didn't know
"Production is now increasing in order to fulfil recent orders for our lightweight panels. Revenue from these orders together with the anticipated revenues from the new sales pipeline will flow into the second half of last year."

Note the "will flow into the second half of last year".
So, we did get the orders.

Snipvw, I have Re read my post and cannot see anything on there that indicates I take anything cat says as fact. Everything I posted on there is based on what I know for fact along with what my belief is. Can you confirm which part of my post you are talking about.
As far as us being the same person, we are not but there is no way I could prove that.

So very true Cat
The issue we have is simply down to a lack of sales. Had they have continued along the successful path they were on last August, we would be at 25p to 30p by now. Unfortunately they took their eye off things and we are where we are.
There is no doubt that the commission only sales route has not worked. Do bear in mind that when they started on that route, they had little cash. They now have cash and will move to a more conventional sales team.
The market sector they were pushing has been totally wiped due to Covid. It is as simple as that.
The route of having distributors, is I feel still a good one and is probably slowly working its way around Covid.
A new route to push should be the large buildings that cannot take the weight of standard panels. This is still a huge market and can be tapped into far easier than the oil and gas sector. My reasoning for that is I recently sold a company which had a 12,000 square foot building that I wanted to put panels on. Alas, it would not take the weight, but would have taken Verditeks. Such a deal would not have taken months of negotiation, a huge amount of paperwork and several committees to agree. It would have been a committee of one, me and I would have agreed to such a deal (price being ok of course) very quickly.
All of this on top of the trials that are going on. These too have been delayed by Covid. some of which have already re started.
Ignore the last few months and presume we are back in late August, then make your decision on whether Verditek are a good investment.

I simply don't see the reason for the hysteria. EGHOS didn't get their own way and have stamped their feet with a high court writ. So what!!! It will be dealt with and a resolution found. I for one have topped up. You are welcome to laugh at me now and again if goes belly up, but I doubt it.

Excellent stuff cat.
Everything is as I said the other day. We are just 6 months behind where we expected to be.
Another six months from now will be a whole new picture.

Not as many as before. I reduced my holding, used it to make money elsewhere and now going back in.

Its looks like it wants to.

Have taken another 143k and 124k

Its not an operational or communication problem, its a lack of sales of sizes that they could announce to the world.
With Brexit done and the vaccine on its way, hopefully we will see sales accelerate.
My faith in the company is still there, I feel we have simply been put back 6 months.