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Really unfortunate news for longer term holders, the damage has been done though. Director has taken another £150,000 which brings him up to just under 30% of the entire company. Thats a positive as his interests are aligned with shareholders.
Reason i bought some was because i think there is a high chance this is the lows for a significant turnaround play.Can't really see much risk with cash in bank and such a low valuation. Plenty of upside on even a sniff of good news
Cracking close and sets up a big blue day tomorrow
FYI i'm still holding VRS and in no rush to sell as i believe the stock resolves significantly higher once uncertaintity is removed.
But lets keep it TLY please
Joined. i took 2 x 50k today as a start position. Pretty confident we have seen the lows and can get a solid rebound towards 20p without too much trouble
In this market thats very unlikely. Its not easy to raise money at the best of times. In this current market its even tougher. ikely be a 15-20% discount to whatever the current market price is
Was looking to invest but suspect there will be a placing at somepoint. If they do raise i'll be looking to take a position lower down afterwards
Lovely top up given it was trading 5p earlier in the week. Target remains 10p
It could be a very lucrative trade i reckon
When i place a trade i consider the odds to be in my favour. Otherwise i wouldn't place the trade. Its impossible to invest in the stockmarket without an element of gambling as there are no certaintities.
I would say watching the price action cloely the past week or so, and speaking to the bod about their cost cutting exercises, plus working out their cash position. I'm pretty comfortable and confident this goes higher from here
We also have the mechanics from the dark arts at play here. The market is short of stock, thats not debatable, you can tell from the fact PEEL Hunt for example have been bidding for decent chunks everyday for the past week. SING as well appear short
The only saving grace is that volume has been quite low. IF it picks up on the buying front these will be 10p in a flash
RNS feed could light this up
Well of course £1m extra is significant but you aren't half going round in circles to make your point whilst missing the actual point. Thanks for your advice on proof reading. Noted. I suggest you now open your eyes and you'll see the opportunity right in front of you
Because i was on the move and clearly i made a mistake. £2m or £3m doesn't really matter. Fact is they raised a chunk of money at 10p when it was arguably looking cheap then. Highly likely we revisit those prices again
Looks pretty strong here. Huge discount here at 4p from the recent £3m 10p placing in December
I have a sneaky feeling we get some big buyers turn up today
hat wasn't really what i was saying
Whether buying at 3.5p or 4.5p is largely semantics in terms oft he recovery story here
My targets remain at 10p+ and it could come alot sooner than most think
Bearish sentiment is pretty high here at VRS. Which is usually a sign of an imminent bullrun
I do agree. Personally i feel much more comfortable buying VRS at the lows after being priced to fail given even a sniff of anything positive can send this up multiples
Buying a stock after a 500% rise with everyone getting FOMO and saying how great it is often is a sure fire way to lose money
Bearish sentiment here is high. Chances of those buying making money from here are high
Volume picking up and buyers starting to realise it simply ain't going down
10p by the end of the week?
I think he makes a valid point, the same as some of the negative posters do. Its a free market and this is a very subjective situation
if it was an obvious buy this would already be trading 10-15p
Its high risk high reward but i've been picking these up in the 3.5p - 4.25p area because its got all the makings of a multibagger.
Everyone is pricing this to go bust. But that isn't going to happen anytime soon. The market is definitely short hence the large bids in the market
I'm intirgued how this plays out. 5p+ next couple days wouldn't surprise me
https://twitter.com/DDS_DocHoliday/status/1637371180922314753?s=20
Incorrect. NR is a Director and therefore will not be selling for the foreseeable
I wont run through the figures with you. I'm going to enjoy my weekend. But if you haven't factored in the existing cash and cost reductions drastically reduce cash burn going forward then good luck to you
Sure they'll need to raise again at somepoint but you are forgetting a large part of the risk is factored in hence we are sitting at all time lows.
Arguing with people on a bulletin board is a waste of time. You're bearish at the lows. I'm bullish at the lows, was buying in the 3.5p-4p range and i think you'll be surprised how high this runs
You don't even have to like these companies to see the opportunity. Some are just so blinded by their own negativity.
Most are usually most bearish at the lows and most bullish at the highs. Its funny to see
January remember POS 1p to 5p or VAST 0.15p to 1.1p. You would argue both are notoriously unpopular garbage companies. Well 500% on the table for those who went against the grain and could see the opportunity.
Food for thought maybe. VRS not a time to be short, negative or selling at 4p with risk to the upside pretty huge