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Versarien – making your mate chairperson is never a good sign

By Tom Winnifrith | Wednesday 13 October 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

I noted yesterday that a rapid turnover of Non Execs is never a good sign.  Today we discover that James Stewart CBE who joined Versarien (VRS) as its non exec chairman on June 30 last year has had enough and is leaving on December 31.  His departure is a red flag, his successor is another.

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