Conflating the number of patents and trademarks is a bit like myself conflating the number of times I have drunk ouzo and the number of times Cheryl Cole has seduced me. They are both pleasurable just as patents and trademarks are both IP but they are different things. It is not common for people to act in both disciplines; either in respect of IP or pleasure.
I flagged up this impoverished long and strong of Versarien (VRS) poltroon the other day HERE - he has altered his posting name by one digit but it is the same idiot.
In the abjectly bad results for the 18 months to 30th September one of the proud boasts of loathsome and porcine CEO Neill Ricketts was "We have secured IP with over 130 patents and trademarks." I have now engaged with a specialist IP lawyer to examine that claim. This may be a long series, but here is an appetizer....
Old squire0076 has been long and strong all the way down from almost two quid to today’s 5.15p. The bad news for him and other bulls in the last redoubt at Versarien (VRS) is that I have yet another expose coming later today, the start of a new series. But squire does not care, this is his analysis of the situation yesterday:
The funder of the lifestyle of disgraced, porcine CEO, Neill Ricketts, that is to say Versarien (VRS), will run out of cash and still have debts of almost £8 million by April or May. It has been knocked back on its big grant application to Innovate UK – as revealed here – and so must get a placing away PDQ otherwise the Fat Lady and the Fat Man will be singing a late Spring duet. Can you smell the desperation? For the second time in five days, we have an RNS Reach.
As it struggles to remain solvent, Versarien (VRS) has, in effect, admitted breaching AIM Rule 11 in its annual report. I have written to the Oxymorons asking for formal censure of the company and its loathsome CEO Neill Ricketts.
Finally the delayed annual report arrived yesterday allowing us to see what exactly cash strapped Versarien (VRS) was hiding in its abridged annual results. Yesterday I showed the wholly unrealistic claims regarding graphene which were made to avoid huge intangible writedowns. Now to the non-graphene businesses which is almost as ludicrous.
Finally, a week after publishing dreadful results Versarien (VRS) has published its full annual report for the 18 months to 30 September 2022. When this company goes bust, what it was hiding will be used to drag it and auditors BDO through hell and back, via the FRC. The main issue is goodwill and the balance sheet but there is also the pay rise loathsome Neill Ricketts was given.
It is now day 4 of the Versarien (VRS) Annual report watch. There is still no sign of the document. Even the PR is being kept in the dark as to what is happening and what loathsome Neill Ricketts is so keen to hide. Hint. SMTM. With Versarien shares now 97% down from all time highs who is to blame?
HSBC (HSBA) published its 500 page annual report on the same day as announcing its full year numbers. But it had nothing to hide. Almost all companies do exactly the same but three days after Versarien (VRS) published its full year numbers there is still no sign whatsoever of its annual
report. I have now had a response from the company’s PR team. It is hilarious.
Yesterday we had an abridged version of the 18 months to September 30 from Versarien (VRS) published. We had the P&L, balance sheet, cashflows and notes 1 – 10. But much we still do not know and a day later Versarien has yet to publish the full accounts. What is it hiding?
I now have it double sourced that the supposed deal between Versarien (VRS) and Superdry is just bull. It is dead. Not that it was ever alive. What is even more shocking is how the regulators have treated this allegation that Versarien has lied to investors.
In today’s, utterly dreadful, results from Versarien (VRS) the auditors make it clear that the company will go bust if it cannot get a material cash injection from grants, loans or share issues. There is something Versarien is not telling investors about that. I wonder if it has told auditors BDO or its hapless Nomad SP Angel.
Earlier I showed the looming cash crisis at Neill Rickett’s failing Versarien (VRS). Ricketts is trying to pump the shares claiming that graphene is a “growth business”. He is ‘avin’ a giraffe.
The results for the 18 months to 30 September from Versarien (VRS) are shockingly bad and contain an explicit warning about its perilous financial state. When, not if, it goes bust auditors BDO will have big questions to ask about this sign off for its work is very poor, there is almost no professional scepticism.
I realise that I have yet to post the olive oil for to the winner of the readers tips of the year contest. Fear not I shall. But the prize in this contest is a small jar of my home grown and picked radishes. This competition is brought to you thanks to Versarien (VRS) a favourite company of this website whose shares are worth 0p and which is run by a loathsome bully and disgraced ramper Neill Ricketts. To the contest…
You thought that the savage redundancy programme at cash strapped Versarien (VRS) was all done and dusted? Perhaps it is time to think again. Rumours are arriving from the USA.
Company in crisis Versarien (VRS) has today issued an RNS Reach about it getting an eco passport for a product nobody wants to buy. An RNS Reach is one that the nomad deems “not financial significant.” And for the fraudsters’ fave Nomad SP Angel to make that ruling means this news must be almost irrelevant. The key issue is results. Or lack of them.
