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Versarien: After the pump and obviously with no forward selling and insider dealing yesterday….

By Tom Winnifrith | Wednesday 20 March 2024

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.

When will folks learn? Yesterday some gerbils were paying more than 0.25p for worthless shares in Verarien (VRS) before, mysteriously there was an afternoon sell off. A Brazilian deal that will not move the dials on ongoing cashburn by more than a smidgeon. The sale, at a vast loss, of joke Korean assets to give a few more months cash to spunk. Pump, pump, pump. The gerbils loved it. That will show old TW@ what a Great British company this is, they chanted. But after the pump and that mysterious afternoon selloff, a coincidence ‘natch…
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