UK 21:56 Saturday, 3 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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?
I can now reveal a near full list of those staff at Versarien (VRS) given P45s for Christmas by loathsome Neill Ricketts. They are now all, apparently on gardening leave, so not working but still on a notice period so the cash savings will not kick in until late March or later. Those made redundant include some heavy hitters so this list begs big questions.
In the days before Christmas Versarien (VRS) sacked a large number of employees as I revealed here. This is a material financial event with some folks suggesting that the effect will be to slash the company’s monthly cashburn from £450,000 to £250,000 which implies that the cost of the exercise is at least £600,000 – more than a third of the net proceeds of the most recent bailout placing. So this is material. AIM Rule 11 is clear:
I have been reporting all week on the growing story of redundancies at cash strapped Versarien (VRS). The company should make a statement because, according to my source, at 5 PM emails were sent.
The word on the street is that the “consultation period” with Versarien (VRS) staff where they were ALL told by the loathsome Neill Ricketts that their jobs were “at risk) ended yesterday. As such, a material number of P45s will be issued in time for Christmas. Its Neill: “Happy Christmas colleague, you are fired!”
I explicitly told you that the £1.7 million fund raise by Versarien the other day was simply not enough and that by mid-year 2023, loathsome Neill Ricketts’ company will need another bailout. Today, a source suggests that Ricketts is preparing to fire some of his staff as an early Christmas treat. This is the maths on why.
Shares in Versarien (VRS) now linger at just over 10p. Just over four years ago they were 182p. Some folks have lost 94% of their money. Many more who believed the promises of jam tomorrow and the outright deceit of boss Neill Ricketts, a man who himself is the largest shareholder having invested a paltry £4,000 for his shares. He has taken out millions in salary, bonuses ( for what FFS?) and by dumping shares as he urged others to buy. So who does Neill Ricketts say is the real victim here? Guess...
As I warned you, my analysis showed that Versarien (VRS) was going to run out of cash by Christmas. And so today, after shameless ramping this website exposed HERE, HERE and HERE, a bailout placing is announced, though raising just £1.85 million gross, call it £1.7 million net, at just 10p. Where does one start?
Make no mistake, today’s news from Versarien (VRS) is a £5 million dollop of sleaze from the Tories. It also suggests that the bailout discounted placing is coming soon. To what seems wholly corrupt, first.
With a majority of just 834 Tory MP, almost, lifelong career politician, Andrew Bowie is probably already trying to find secure employment for after 2024 when he loses his seat. If so he was in the wrong place yesterday as, as a junior export minister, he pitched up to meet the blubbery lardball that is Neill Ricketts, the loathsome boss of Versarien (VRS) which is set to run out of money by Christmas. It won't be in a position to make him a NED come 2024. From the winner of a reality TV show 21 years ago to a Tory MP who is not even a household name in his own household, Versarien sure pulls in the all the big stars.
Given that Versarien (VRS) is now running on vapours, the pointless creation of loathsome Neill Ricketts is desperate to pump its shares as hard as it can to get a bailout placing away. Yesterday we saw lovable oaf Craig from Big Brother 2001 roped in. Today we see the use of the local rag.
There has been a concerted attempt by Versarien (VRS) to ramp its shares in recent weeks. The reason, though it has yet to ‘fess to it is that it will be out of cash, burning cash and having stiff debts to support by Christmas. It clearly needs to do an emergency placing fast, hence the ramping. Let’s start with the just released video below starring lovable scouse oaf Craig Phillips, the winner of Big Brother 2001.
Reader Ouzo man is brave enough to be short of Versarien (VRS) historically this has been a wise move but the shares have surged in the past couple of weeks to 21.5p from a low of c13p.
You can sometimes get some borrow in Versarien (VRS) and if you can you should even with the shares, which were once almost 200p, having slumped to below 15p. The next collapse will happen and happen fairly soon. It is a when not an if.
You will remember that when the old auditor to Versarien (VRS), run by loathsome charlatan Neill Ricketts, walked, the new bean counter said that it would not have sufficient time to sign off on results to March 31 so Ricketts extended the year end to September 30. But the shares are today sliding (again), off 10% to 18p, as chickens prepare to come home to roost.
Versarien (VRS) admitted the need for a bailout placing within the next ten months (and probably much sooner), or it will go bust. With a quick google search, its latest RNS Reach spoof unravels in seconds.
