UK 08:05 Wednesday, 11 November 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.
Questions are increasingly being asked about Verdes Management (VMP) a cash shell run by Dave Breith of Coms (COMS) infamy. The cash position as at 31st March was £400,000. However.
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Comments
Jonathan
I agree with everything you say here. However, given the amounts invested by DB and Helium I also think it is extremely unlikely that they will either let it collapse or discount massively.
The most likely scenario, in my opinion, is that DB pr Helium will again buy in and in fact do so at a premium to the SP to give it a bottom. The management team they have put in place at VMP is extremely well connected, and once funds are sorted I think they are probably one of the better shell prospects seen in AIM for quite some time.
Tom Winnifrith
Given events at Coms I’d imagine that Helium is no longer leading the DB fan club – think it more likely to back a placing at a much lower price but only if a new management came in. Right now backing DB seems like chucking good money after bad
t
Susan.
What you don’t seem to get is that DB is not on the board at VMP and never has been. he is simply a shareholder.
It is Bruce Reynolds who is the driving force looking for a deal.
I agree they must have had something planned but it failed so Reynolds was called in 3 months ago.
Its his baby now .
Yes it will need financing and yes DB is not flavour of the month but don’t you think Reynolds may have something up his sleeve ?
Maybe they should bring back Adam Webb ? (joke)
Tom Winnifrith
Susan
You mean Adam Reynolds. AR is a NED. I think you will find I have done my homework on this & am spot on – Breith promised a deal. He has not delivered.
t
Susan
Sorry , yes I meant Adam Reynolds.
I don’t doubt you have done your homework and that is why I am posing the questions as
I was under the impression Reynolds would find something to save the day.
I agree that DB has had his chance .
But if it were not for him and Helium VMP would not exist .
Why did they bother saving it at such cost if it is to be left to go under .
Are you saying it will probably go under ?
I am simply trying to get to the bottom of it all and am not disputing your outlook for VMP.
Tom Winnifrith
Susan
DB has failed. Reynolds has little skin in the game. My guess is that Breith will be forced to focus on Coms by his largest shareholder. Verdes clearly need to raise cash so that it can do a deal but it is not going to be at the current share price. It wont go under IMHO but it sure is not a buy at 0.24p
t
Susan
Yes well at .25 it is hard to believe but its overvalued by about .23
It has a cash value of about .00025 at best
There are shells out there with more cash and less shares in issue so would there be much point in saving this one ?
Jonathan
Couple of things you may have missed or misstated after your homework tom.
DB holds no executive, board or otherwise position at vmp. When asked about it he publically stated that.he is a shareholder only.
Helium probably arent that unhappy with coms overall. Remember they sold some at the highs, then rebought into the bog discounted 6p placement, so at worst they probably arent far behind on current sp.
Finally, Gil Leates, the boss at vmp, is a former Helium person.
So while the current situation is unquestionably poor, you both overstate the influence of DB and the impact this has on him in business reputation terms, and significantly understate the interest Helium has invested in making vmp a success in the long run.
Definitely a sell or non buy right now, but once funding is fixed it becomes a very investable shell.