Member Info for VirtuallyRich

Daniel Holliday on Linkedin says......

"Thanks Graham and Lars, super helpful to catch up and dig into some of the detail. Exciting times ahead."

So there you go people, exciting times ahead........

Yes, Linkedin picture of happy smiling faces doesn't quite correspond with faces of people losing £100,000's .....

That's why I bought more yesterday, under mid price too so reported as sells...Tricky MM's.

Nice find "Van".

Be great to see Cap-XX mentioned in there somewhere as I believe we are their partners in development.

As an aside, I bought more today, under mid price too, which went down as sells rather than buys.

May be this could be why DH and Mr Cool are here and we have all been mis-reading it, wouldn't that be nice.

Hi Vanilla....

At end of June this year we had A$3.96m in bank account, this has depleted to A$1.5m in AGM report.

So A$2.5m used over 4 months = A$600k/month.

Lars even said in the broadcast that we have A$3.3m in cash but that included monies not yet received from a tax credit....so we do not have A$3.3m in the bank.

I don't think he should state it like that, it's a straight question, How much is in the bank. Answer A$1.5m but we have A$1.8m expected to be received from the tax credit too later in the year.

He's trying to put a shine on it.....

Yes but turning a big heap of materials, that you have pre-paid for, into a sold product that has then to be invoiced and await payment, can take sometime.

I don't believe that to be the most efficient use of the companies bank balance, which by the way is not A$3.2m as that figure from memory included a A$1.8m tax rebate which will not hit the bank account until the end of the year.

The cash burn is around A$600k/mth and although the return at 30%'ish is good, the sales volume is too little.

This is probably why they are now considering licensing because time is not on their side and patents are years away.

Lars is running a very tight ship with little leeway and gives me the impression of becoming a little nervous.

We need an announcement soon about current project progress (South Africa, Asian conglomerate etc). Doesn't have to give names just tell us that these areas are progressing well and on track.

Start to think about increasing confidence and belief in the companies progress because frankly I don't think the eoy report did that and left too much undiscussed causing doubt in the smaller investors minds.

I'm still invested here but there are some compelling opportunities out there at the moment and I'm starting to lean towards them.

Show me some real entrepreneurial management to convince me to stay.

Finally had it...in the Green box with you matey.

Well there goes my Xmas money...Just picked up 1.8m @ 0.28p

Looks to be bottoming but they could be famous last words.

It's here Parkez.............https://www.youtube.com/watch?v=CxI5dhEXxhg

Last message was yesterday at 2:14pm and here we are 9:00am next day......says it all, total lack of interest.

The lacklustre performance from the company and from the CEO during the presentation has killed the spirit for a while.

Hopefully things will improve when some meaningful news turns up but in the meantime I'm off to look at something a bit more interesting.

Someone is sitting in the shade today because someone planted a tree a long time ago.

Warren Buffett

No Vanilla.....I think the company is just becoming a development arm of Schurter and Capvis will IPO it when the patents come to fruition.

Making a profit, in my opinion, is not on the agenda, as all excess monies will be deployed into development, so break even only.

I think DH and Cooley know this and simply here to position themselves for that event.

Wow, that’s a set of results right out of Pat Elliott’s history file.

So far today £25k traded knocking £2.0m off company valuation......Go figure.

This is looking more and more like an extended period of accumulation now before the big lift off......

You got to ask "Investdonk" where did they go....

Can't believe MM's hanging onto 30K worth..

Rubbish, they are well within accounting report times but are deviating from the last couple of years and not what we expected, that's all.

Having said that, it would have been good practice to tell the shareholders a reporting date so that we all know the timescale involved, not simply be quiet about it, that simply confuses people and creates doubt and uncertainty in peoples minds.

We were also expecting a trading update and the same thing could be said about that too.

Oh well, there's always tomorrow!

What they hell is Lars doing, trying to be CEO and chief salesman on LinkedIn and looking desperate with it.

How about telling the shareholders what's going on with the company.

Ok.....so do you think all this will amount to a 0.50p+ price this week?.........could well do!

This is what happens when you dump all your negativity, well I done that bit now hit my 0.5p next week and dont hold back if you want to go over.

Ta......

I still think Samsung is our customer and our products are included in the XR headset seperate battery pack.

Oddly you cannot buy a battery pack on it's own and if yours does have a problem it has to go back to their service centre but you can buy chargers and leads seperate.