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Does anyone have experience to bring
Class action lawsuits/Group litigation
We were lied too, and the business has been stolen from the shareholders
The circus trick has been completed over at Microsaic https://www.lse.co.uk/rns/MSYS/conditional-placing-0s767ezlnbh712u.html
Many thanks - that's a great summary. I see Declan Service was a director of Integumen, but was terminated on the 5/4/2018. Do you happen to know where he resurfaced?
My mistake, but I noted SkinTrust's Tracey Ryan being involved and that the location was Cork, same as Glanaco.
You will need an employee to whistle blow but that is always likely in time. It all takes time and even years: https://www.rte.ie/news/business/2023/0609/1388341-insider-trading-case/ but in the end it always happens.
A few things below that I would focus on:
- Currently Deepverge has not paid any of the staff their holiday pay from 2023 which is likely illegal on some level. Whether they purposely didn't pay it is another thing. For those staff in Ireland it is likely one for the https://www.workplacerelations.ie/en/ and those in the UK maybe Acas https://www.acas.org.uk/acas-code-of-practice-on-disciplinary-and-grievance-procedures
- probably the big one in terms of how us investors were deceived is the 2022 accounts were indeed just lies and inflated over 100% and more by DVRG Group Financial Controller Shiv Rawal. He worked as the assistant manager of Jeffreys Henry LLP Group FCO before switching over to Deepverge as a direct employee. This would need investigating as the new fincancial controller they brought in corrected it and put some excuse around it other than a cooking of the books as they say. Interestingly in 2023 none of these orders came through either as time has gone on, so as I say complete fabrication.
- Then you have the buying of a cleaning company Glanaco for a million and being sold back to Glanaco for a pound and that is a family company of Deepverge Director Fionan Murray. Glanaco have no connection to Modern Water and do not have any expertise in specialised water testing equipment. Any ex employee of Modern Water would attest to this.
- Then you have the deal Nigel Burton and Gerard Brandon did with Deepverge via Microsaic whereby a contract was signed that allowed Microsaic extract potentially over 1 million from Deepverge for services that staff at both companies could definitely not attest to.
- Then of course all the RNS's with all numbers for this and that, that are all lies.
- still no audit in 2023 by an external company.
I am sure ex staff posting here can add to this list but of course it will need a staff member to formally bring this forward. Now of course you will see Microsaic move assets from Modern Water into Microsaic and there circus continues. The Irish mafia exists.
Nope, its a skincare cream, nothing to do with Labskin.
Launching next week. Based in Cork.....
This is the first time I've posted here - although I've followed the posts (usually with dismay) off and on for many years. I was originally a MW investor which looked genuinely promising prior to the takeover by Integumen. My solicitor advises that it ought to be possible to go after one of the directors, the accountants or the auditors for fraud. The difficulty would be proving, or at least demonstrating, it.
Starter question for ten: What do people believe happened that was fraudulent and what evidence might, conceivably, be obtainable?
That is that. As staff have been warning on these boards, the people running this have this planning all along. Hopefully everyone will stay far away from Microsaic.
Of one's folly?
That is it for Deepverge PLC but the scam continues over at Microsaic PLC as that is where the assets of Deepverge is going. And then it all starts off again as all the staff and everyone on the forums has beensaying for most of 2023. So like clockwork the board of Deepverge (which is the board of Microsaic) have transitioned everything over to Microsaic. Wow, amazing regulators just sit by and do nothing at all. AIM is a joke.
That's it then
That's if then
Microsaic (MSYS) 26/12/23
20th Dec 2023 16:02 Alliance News
Microsaic signs exclusivity agreement for DeepVerge assetsWed,
Microsaic Systems PLC - Surrey-based developer of real-time mass spectrometers - Says it has entered an exclusivity agreement with DeepVerge PLC, a Dublin-based environmental and life sciences firm. The agreement will grant Microsaic a period of exclusivity to purchase certain assets from DeepVerge's Modern Water business. The assets mostly comprise equipment for the lab-based manufacturing of bio-reagents used in related water testing equipment. These included all IP and rights related to the testing equipment including LX, FX and continuous-toxic-measuring machines, and water membrane technology. This exclusivity agreement follows Microsaic's offer to purchase the assets and their rights for a payment of GBP100,00 in cash, payable to DeepVerge upon completion. The exclusivity period runs until January 16, 2024, the signature of a legally binding sale of the assets, or the cancellation of the proposal by Microsaic.
Microsaic current stock price: Trading suspended since July 3. Last quoted at 0.01 pence per share.
12-month change: down 99%
DeepVerge current stock price: Trading suspended since June 26. Last quoted at 0.15p per share.
12-month change: down 91%
By Hugh Cameron, Alliance News reporter
Unfortunately many more with main broker .
See now why I got involved .
Main division, Modern Water.
Before removal from acc
In the ISA
04 Feb 2021 Stock Transfer In..3,598 33p ( price at transfer )
13 Nov 2020 Takeover Issue....2,587 77.69p
16 Sep 2020 Consolidation..7,144..14.07p
Ordinary acc ( W )
05 Aug 2021 Stock Transfer In 1,978.. 29.25p ( price at transfer )
We live and learn!
Hopefully, nobody lost all their savings here!!
Happy Xmas and Prosperous New Year to all ex-Shareholders!!!
Me too….massive losses 😡
Mine are in a stocks and shares isa, so I don't even get the benefit of offsetting the loses 😪
The Sh*ts bought Glanco for hefty sum from their mates, used our money to built up the business and then sold it back to the same owners (their mates) for a euro.
... to GB and his mates. They run Deepverge into the ground with their b.llsh.t and then cherry pick the assets for 3/5 of FA.
Who says crime doesn't pay? And you're right, the FCA seems to be totally toothless or else it doesn't give a toss for us small investors. That man's making himself some seriously bad karma though.
Where is the investigation into this? At least one person belongs in prison.
At least I can claim C.G.T. credit from my substantial losses. problem is I currently have no investments that will make meaningful profits to benefit from this.
A Nobel Prize for lies and deception should be awarded.