UK 18:41 Saturday, 3 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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.
Versarien (VRS) continues to try and sell Total Carbide having failed to get an offer for more than a year, its PLC assets and its shares in Spanish joke operation Gnanomat but warns that the proceeds, if any, will not cover creditors in full, i.e. will be less than six million quid. I doubt they will come anywhere close. And that raises massive questions for auditor BDO, indeed for the whole AIM Casino ecosystem as this now a £55 million scandal.
I flagged up each time Versarien (VRS) has served up annual results that BDO had shown insufficient professional scepticism with regard to the carrying value of assets.
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