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Roger they already have 2 large customers with another 2 possibly in the pipeline. These small share sells are strange. I am not one for conspiracy theories but something is going on here.

Roger I am looking at Rooftile groups solar tile not panels. It is a bespoke product that now has a global reach. Metal tiles offer a low weight solution compared to normal tiles.

Can someone confirm the following, Metrotile are owned by Rooftile group. Rooftile group are owned by IKO Industries. If this is the case then Verditek has access to a global market?

The maths for the average project is £395k divided by 120 which is £3.3k per project. The figure is slightly higher as the 120 includes trial projects which may lead to new customers. The company has given sales figures for H1, an update on current sales would be most welcome. We are looking at almost a project a day in H1 so it is reasonable to say that sales are now in excess of 1 a day at present.

So that I do not sound like a doomster, 120 projects completed in H1 is not bad news at all. Share price is bleak at the moment though.

This is looking really bleak. Company has enough money to survive for now so I will hold.

Roger the company now has a product that is selling around 65K a month in H1. This gives the company a value. The buyout value of the company is higher than the market cap at this low share price. You would expect sales to grow since both roofing companies are marketing the product but we simply do not know how sales are progressing due to the woeful lack of communication. With no update on sales people will presume that sales are not going as well as the company had hoped, hence the lack of interest in this company. Is it delusional to think that the company can get close to break even within the next 6 to 8 months?

This share has gone into hibernation. If or when it wakes up, I have no idea.

Roger I share your frustration with the lack of sales news. The future of Verditeck is not in the hands of the BOD but in the hands of Roof tile group and Lindab. Fortunately these 2 companies have a wealth of experience in selling roofing products so the future does not look that bleak. Trust in the BOD is almost zero at the moment but investors can be very fickle and one piece of good news will change the mood dramatically. The upside at this share price is huge, however people are right to be cautious due to the lack of news.

I agree that it appears that the share price was manipulated to suit the placing. The 500k for 20% would have been agreed way before the announcement. We need some news on sales so that share price can move forward from here.

With Metrotile and Lindab on board there should be an air of optimism. They have both produced superb products and have spent a lot of time and effort bringing them to market. In spite of this I have turned really negative about this company. I hope I am wrong but something does not smell right here.

Well the BOD valued this company at 2.5M and the market seems to agree. No news on Metrotile yet? If only hot air had a value, I would be a rich man by now.

Verditek have never failed to disappoint me since I had the misfortune of purchasing my first block of shares in 2020. They always offer "jam Tomorrow" but never deliver. Not one trade so far today, The silence is deafening.

Until there is some news on sales, there is nothing to invest in.

Something is going on here. If I had "spider senses" they would be tingling for sure.

As Mary Poppins says " a spoon full of sugar makes the medicine go down"

Roger we will see tomorrow if Verditek "stuff our mouths with gold"

The share price is acting like some kind of open offer at .475p which is allowing existing shareholders the chance to buy at close to the placement price? We will have to see what happens on Wednesday morning.

Maybe the deal was "I will invest 500K but I want 20% of the company" the share price would then be manufactured to fit the deal. Or as mentioned earlier the building in Sicily has come with a price, but that that price was worth paying? Until we know who the "investor with no name" is, all anyone can do is speculate. Tomorrow is going to be interesting.

I thought SolarRoof uses Verditek panels. I may be wrong ( I was about the placing ). Could anyone confirm?