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BREAKING: Versarien – inadequate revenue disclosures, breach of IFRS 8 & cash nightmare

Let’s start with a positive.  Versarien (VRS) now separates its revenues and losses between graphene and non-graphene business as we have long suggested it should do.  This avoids the need for Shareprophets to undertake an annual visit to Companies House to perform the analysis to reveal the low ongoing graphene sales and the scale of the losses that are being racked up in this business.

EPIC VRS
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Versarien – the deafening sound of silence

A company does not have to say anything on trading, on its prospects or on other matters at an AGM but it can do so and if it has anything good at all to say you can bet the ranch, especially with smaller AIM promotes, that it will say it. And that brings us to the Versarien (VRS) AGM yesterday.

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