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Results: VRS

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The Versarien placing at 3p – another black hole needing plugging? The Brian Berney law suit?

Why do such a fund raise now folks ask? Because it can is the reason, thanks to thuggish share plugging involving bent journalism and forward selling, Versarien (VRS) has an extra £275,000 net cash. Versarien says it is going to be spent on growth opportunities and working capital but that is obviously a lie. Some may go on funding ongoing losses. It could go on giving Neill Ricketts a £197,000 payoff. Or….

Dishonest journalism or bad journalism or both: Ian Cowie of the Sunday Times on Versarien

At least Cowie, one of Britain’s most senior personal finance journalists, is honest that he is a poltroon, admitting to buying shares in Versarien (VRS) at 177p. They closed Friday at just 3.5p although in his column today where he explains why he is hanging on for a bounce, Cowie says the shares are 5p. But the dishonesty of the journalism is epic.

Versarien may have sacked loathsome shyster Neill Ricketts but he is still lying!

There seems some uncertainty among some investors as to the departure of the loathsome Neill Ricketts from cash strapped Versarien (VRS). Some still think he remains as a consultant or in some other role. Au contraire. He has left the building. And others seem to think he actually resigned. Again no, he was forced out by the board. I have been in contact with advisers on the subject of apologies, meanwhile Ricketts carries on lying.

BREAKING: So how many patents does Versarien actually have? 130? What do you think?

Now that Neill Ricketts has been resigned as CEO of Versarien (VRS) the board and its PR advisors need to get to grips urgently with some of the outrageous claims made by the loathsome old barstool. For only when investors are told the ghastly truth can disgraced Nomad SP Angel consider allowing a bailout fund raise. And, as I pointed out in bearcast, a string of apologies are also needed to show that the culture has changed at Versarien and is no longer toxic. In terms of the truth, we might start with Ricketts’ claims about IP.
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