The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Published 30 October 2023, 12:41
In today’s general meeting statement from Versarien (VRS) the clear implication is that a bailout and hugely discounted placing is imminent. This will destroy the share price as I explained HERE. Bulls hope that disposals will save a company drowning in £8 million of debt. Here is why they are wrong.Published 12 January 2023, 11:46
When Versarien’s (VRS) results for the extended month period ended 30 September 2022 are published before the end of January 2023, I am expecting them to be a piss poor sea of red but will they also be impacted by an impairment charge for the Graphene business intangible assets?Published 24 January 2021, 12:43
It helps when shorting a company’s shares to have a tailwind and there are few more favourable tailwinds than if that company is resorting to death spiral finance. This desperate measure tells you that all normal financing options are closed to it and that realising cash at punitive and dilutive rates is the only way to survive. The reality of death spiral financing is so grim that it is little wonder that many companies attempt to obfuscate it by hoodwinking investors into thinking that the finance provider is an institution willing to invest in their shares…
Published 7 February 2024, 08:18
The breaking news today is that Neill Ricketts, the man who must take the credit for Versarien (VRS) shares plunging from 200p at peak ramp to just 0.15p today has filed a series of legal claims against the company demanding even more money. Words almost fail me.Published 20 February 2021, 11:32
Following on from Part 1 my analysis of the Metal and Hard Wear division, I now take a look at the Graphene and Plastics products segment of Versarien (VRS). This is the sexy bit used by loathsome Neill Ricketts and his moronic followers to justify a market cap of £88 million, at 47p. As we saw earlier, the rest of the business cannot be worth much over £3 million!.
Published 11 July 2021, 08:37
We have seen previously, through his emails, group chat posts and postings to ADVFN bulletin boards, how Graham Wood had many deeply “interesting” interactions with Versarien management, including CEO Neill Ricketts. It seems that as far back as May 2017 Wood ‘popped’ into the Versarien offices apparently at will whenever he was in Cheltenham (only 27 or so miles from where he lives), where he was exposed – deliberately or accidentally – to highly price-sensitive information which he then relayed to other investors in a series of thinly-disguised nudges and winks. He also openly admitted to meeting Versarien company officers for friendly little chats, relaying what they said in bulletin board posts the next day. None of this is in question, it is all backed up by his own words in verifiable emails and bulletin board posts.
Published 26 February 2023, 11:11
I'm thrilled that the most read article last week was the return of the ShareProphets Sunday Pub Quiz, now with the new added feature of working correctly. Otherwise, the most-read non-Tom article this week is Kurdistan carries a lot of political risk for oil companies, but despite that I view Genel Energy and Gulf Keystone as buys by Gary Newman at No 3 or No 7 including Bearcasts.
Published 17 February 2020, 10:07
Today we have the shock news that Versarien (VRS) has a new Nomad. Not a better Nomad, SP Angel is clearly massively inferior to Canaccord and this begs the question whether Versarien lied to investors on February 10. I have thus written to the Oxymorons at AIM Regulation and to the FCA with a question so simple that even they should be able to answer it.
Published 6 June 2024, 10:41
There were some positives in the Versarien (VRS) interims this morning which were welcomed by the LSE Bulletin Board Morons who have pushed the shares up in response to the news. The loss before tax in the six months to March 31 reduced from £3.4 million to £1.64 million and the cash burn was down from £1.974 million to a mere £790,000. However…Published 19 November 2020, 14:51
On 17 April 2020, worthless AIM promote Bidstack (BIDS) published details of an “independent” study that it claimed validated its technology. Following intense pressure from ShareProphets, AIM regulation forced Bidstack to ‘fess on 27 April that the research was not at all independent but was paid for. In that light, I have written to the Oxymorons at AIM Regulation and to hapless and shamed Nomad SP Angel about the release issued by Versarien (VRS) yesterday.
Published 18 January 2020, 16:37
Uber ramp Versarien (VRS) refuses adamantly to break out how much of its business is actually involved in graphene. It is the graphene hype which explains why the shares are at 79.5p valuing the company at £122 million. The legacy non graphene activities may generate real sales but will never be material cash cows and thus are fundamentally almost worthless. So how much does Versarien actually make from graphene?
Published 18 July 2023, 17:23
Versarien (VRS) has today, after hours natch, announced that it cant find an external chap to act as CEO as it heads towards insolvency so has promoted Stephen Hodge from CTO to CEO to steer the Titanic for its last few yards. It has also announced that Neill Ricketts has finally left the board. as a reminder:Published 31 October 2024, 12:24
Versarien (VRS) announced that it intended to sell its Korean assets and AAC Cyroma and Total Carbide businesses back in March 2023. Progress hasn’t exactly been rapid.Published 5 April 2022, 09:23
In the six months ended 30 September 2021, Versarien (VRS) burnt £1.11 million in operating costs and a further £1.9 million in the purchase of intangible/tangible assets. The interim results presentation indicated there was a monthly cash burn of £0.4 million, but also cited cash/headroom of £6 million, which sounds impressive. However…
Published 29 March 2024, 11:14
As Versarien (VRS) had largely predicted back in December 2023 when it issued a company update its results for the 12 months to September 30 2023 were terrible. But they also show laughable failings in the prior year audit, failings I flagged up at the time and which I now feel obliged to report to my good pals at the Financial Reporting Council.Published 21 January 2021, 15:50
You would need a Nomad without any morals whatsoever to sign off on junk like this. Luckily Versarien (VRS) employs SP Angel of the fraud MySquar infamy so that’s alright then. These, delayed, numbers for the six months to 30 September 2020 are just piss poor, and also deceptive.
Published 23 March 2020, 16:34
Versarien (VRS) this morning announced “subscription to raise £6 million”. Folks looked at the headline and the shares soared to 31p. Ha! Mugged by Ricketts again! Then they read the release. It is bullshit. Death spiral provider Lanstead is not putting up a cent up front and the total amount handed to Neill Ricketts’ bag of shite company over the next two years could well be well below its monthly cashburn! Ricketts really is the most shameless bullshitter and only scumbags like SP Angel, who took over as Nomad after Canaccord resigned, would sign off on such misleading gibberish which contains one MONSTER lie.
Published 30 July 2021, 09:33
The Bulletin Board cult followers of the dog Versarien (VRS) never look under the bonnet at hidden horrors. That is why critics such as Ian Westbrook are so useful. Ian has now raised more than 70% of the cash needed to make loathsome stock hustler Neill Ricketts sweat with a court hearing. He has six days to raise the rest. Please donate, even if it is just a tenner, HERE. If the full £20,000 is not raised you get your cash back. Please give now. So what is this little horror I have stumbled across?
Published 18 February 2020, 15:11
In my prior analysis of Versarien’s (VRS) track record I looked at the Plastics and Graphene segment and demonstrated that Graphene sales were trivial and the Graphene businesses were hugely loss making. In this note I have had a look at the other trading segment namely the Hard Wear and Metallic Products segment.
Published 22 October 2020, 13:10
In March, Versarien (VRS) announced a £6 million funding facility with a supposed institutional investor, Lanstead. Thanks to my work, AIM Regulation forced it then to ‘fess that actually, if the shares stayed at 53.3p, it would realise only £5.5 million net. But they have not. So how much has the Neill Ricketts promote actually raised?
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