Versarien is an earlier mover on the graphene space and has its...

Versarien is an earlier mover on the graphene space and has its own advantage by purchasing the graphene company from University of Manchester, where graphene was discovered. Hence, all its linkage to the industries. This is the advantage that other companies do not have.
Their first shipment of graphene was about 100,000 pounds in 2017. The number you quote also includes their own products as graphene-enchanced plastics, like what Haydale is doing.
But that's far from commercialisation and market ready.

TLG has established its strategy in 4 development areas, and all the works are around those 4 areas.
Graphene formulation, functionalisation and dispersion technology are their own work apart from testing graphene and graphite in battery.

I find quite amuse that you keep talking about IPs. But non-of those IPs are being developed by FGR. And there is no single scientific personnel on the FGR's employee list. Andy is a consultant, not an employee. Because you simply purchase the IP right, doesn't mean its your own IP. The patents are still vested in the developers, not FGR. The announcements FGR made are all what other people are doing, not what FGR is doing.