Has anyone got any ideas why VLR continues to fall? They are one of the few Fuel cell company to have actually successfully comercialised their product and the potential for future growth is huge.

I'm really surprised to see VLR has sunk this low. Apart from the wider market malaise there doesn't appear to be a reason for it.

yes could be a bit of a bargain. Pretty sure the market cap is covered twice by their cash pile! Sold out a while ago, could still be one for the brave, not looking to put my money in this typeof market into such a high risk proposition though. Buy Econergy Queen.

Already in VLR G D Potts so no spare cash at present.

This could jump on results, as long as the cash pile has not been used up !

Further to my previous post, if the money am cap. is anything to go by, I reckon with the help of a few other posters we could buy this out !

There are junkyards with more value than this, at this price : ITM could snap this up !

the volume of trade today(i.e. NIL at 08.30) illustrate people are certainly not interested in Voller at the mo.
a glance at the chart shows that it is now valued at about 1/10 of what it was in may of 06

Up 35% this morning on the following news. If you look at the NAV the current SP is ridiculously low and significantly undervalues VLR:

Voller Energy Group announced it is to launch a strategic review of the business that could possibly lead to an offer being made for the company.

The developer of fuel cell systems today reported widening losses in the first half.

Voller hired Deloitte Corporate Finance to conduct a review of the various options for the group.

'These options may include, but are not limited to, strategic alliances, mergers, refinancing or a sale of the business. This process may or may not lead to an offer being made for the company,' the company said in a statement. The board will announce the outcome of the review as soon as practicable, it added.

In the half-year to December 2007, the group's pretax loss widened to 1.28m from 1.16m previously, while revenue fell to 19,000 from 25,000. In the full year to June 2007, it made a pretax loss of 2.22m.

Chairman John Brown said the year ahead offers 'a number of significant challenges in both development and manufacture' of fuel cells.

'It is clear that in order to continue the excellent progress achieved to date and to develop the product range to meet the challenges of the future, significant additional funding will be required,' he said.

At end-December, Voller had cash balance of 3.33m, while its net asset value was worth 16 pence a share. It built a manufacturing facility in Basingstoke and in November secured a 146,000 grant from the Department for Business, Enterprise and Regulatory Reform to develop an environmentally friendly welfare cabin for the construction sector.

Widening loss and falling revenue...not good

This is what I call a rubbish share.

You're not Dil's love-child by any chance are you?

4.25p now...record low.

1.5p now, this is Over and Out, with the great uncertanty of funding ( esp. in these days).
Great shame as this is a small enterprise attempting to create a new industry - but was it ever a go-er?
I have a small holding, just to watch.

VLR need to excite their Backers with something, but still, I have doubts. This represent the stupidity of UK plc - we are prepared top spend Billions on a sports complex for relativly little long-term value (the Olympic facility) and the Dome which was another money-pit with no hope of repaying the investment. . . . . yet a new industry is expected to find finance, build their technology almost with no help at all, meanwhile the Regulators are imposing Listing conditions, the VAT man and taxman are wanting their cut, almost as soon as the business nails its name to a post.
Rental, local Officials worrying about H&S and all manner of Busy-Bodies are all trying to wreck the business -
on the other side of the see-saw . . . . . well, almost no-one, maybe a brief visit by a TV-crew promoting Home-County commerce . . . they come and go, leaving nothing.

Amen to that one!

Voller Energy is so rubbish. Not worth 1p.

heard a bid rumour tonight

It's still worth more than you then hlyeo98.

It's so funny, queen1. You love rubbish shares like AGC and VLR.

Love's a strong word. But then so is hate. And gloating idiot (although admittedly that's two words). Well hlyeo98, 2 out of 3 ain't bad for you is it?

sorry queen1, but i think i read today that Voller is virtually out of cash - i.e. bankrupt, and you kniow i don't gloat over such things