This is so simple that even the most moronic or Bulletin Board morons or spiv, Scouse, penny share grifter, share promoters should get it: companies do not set out to raise £531,624 (gross) in a deeply discounted placing. They go for a round number. A company running on vapours raising a non round number and way below what it had the authorities to raise is a sign that only forward sellers and flippers were interested. I refer to Versarien (VRS). Its latest placing is a disaster.
Oh dear, oh dear, as the disgraced share tipster "old mother" Mike Walters used to say when one of his many disastrous share tips collapsed. Versarien (VRS) is just the sort of blue sky company churning out lies and issuing new shares whenever it could that would have attracted Walters, like shit attracts flies. That even Walters did not tip Versarien tells you something. Today we have an AGM in Cheltenham and the statement from chair Diane Savory has just been released. It is dire. Everything is for sale, it is cash crisis ahoy!
The AGM of Versarien (VRS) will be held on 29 March, just 6 days time in Gloucester. If there was anything good to say, chairwoman Diane Savory would be giving a long talk. But there will be nothing to say so we will not be told if odious ex CEO Neill Ricketts has been paid off and if he has, at what cost. Critically you can bet the ranch that Versarien will not ‘fess up how little cash it has left. Put it this way…
What on earth is actually going on at Versarien (VRS)? Sources within the company suggest that those who think loathsome, ex CEO as of 10 March, Neill Ricketts has left the company are very wide of the mark.
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.