The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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It was a rather lengthy chat rather than q&a, I will try post my thoughts on where this is going later today.
Smeemo,
Can you list some of your questions and answers?
I was very happy after my trip to London on Saturday, Gerry was very approachable, gave up a lot of time and answered all my questions, he even created some more.
I can recall similar type posts about SKIN plc back in the day when it fell off a cliff and went sub 1p, as a buyer |I saw many posting about what a nightmare failure Skin plc had become...then waited and watched as it sailed back over 1p, 2p and into 3p ++ (before the much hyped rise on the back of the BT). Those who ignore history often fail to bag the real opportunities when they materialise. I would rather be holding here (and adding where possible)....
What's the point in risking Covid in an enclosed space on a train (no GC Halo Covid-killing filters installed yet) when I have not had a straight answer from GB yet? More Münchhausen-esque hyperbole? I allowed myself to be suckered into DV with talk of gold standard and BT everywhere, watched the awful presentation send the share price tumbling from the ramped 69p to somewhere around 30 (I stupidly only sold a few thousand at 60p), then bought more in the twenties, doh! Mea culpa, I should have known better. At least I didn't waste more money on a train ticket.
The link below is a very informative presentation.
https://www.deepverge.com/deepverge-attends-the-uk-investor-show-2022/
Poor mugginsthedog thinks that is ramping... How sad.
Ramping would be pointing out mugginsthedog is a 'significant' shareholder that refuses to sell...
Is this really the best ramping that you can do Ratty? If this is your highlight then no wonder the SP is down the toliet. Perhaps GB should ask for his money back?
Back in the real world, no further news on China some 5 months after the deal was supposed to be signed, death spiral finance, no significant external orders, no news on a bunch of JVs that were supposed to be completed, no official turnover forecast from the company, no KPIs, overheads out of control and the CEO and his wife being net sellers.
The SP has further to go down.
A couple of links for new readers. I'd also suggest them for mugginsthedog, however it isn't their ignorance that causes their posting, just good old fashioned dishonesty:
Wastewater monitoring during and
after a pandemic
Perspectives from the Environmental Monitoring for Health Protection programme
Dr Matthew Wade, Lead Scientist: Wastewater R&D, Environmental Monitoring for Health Protection
https://www.swig.org.uk/wp-content/uploads/2021/10/Matthew-Wade-2022.pdf
29 March 2022
Aqua Enviro WBE Conference Michael Dooley Presentation
Strathkelvin Instrument's Managing Director, Michael Dooley, presents Strathkelvin's enormous breakthroughs in innovation in the world of Wastewater Based Epidemology - sampling straight from the wastewater treatment plant to an automated qPCR robot - producing Covid-19 results in the local population in under an hour. A huge leap forward in capability for National & International Public Health, the same system being able to be used for Influenza, measles etc
https://m.youtube.com/watch?v=cKhSEIvdMAQ
Theranos has got nothing on GB. You only have to look on the 'other' BB for Alltracel to see the games he has got up to previously
80 staff and tiny turnover. Staff = overhead until orders come in. Could we finally see revenue exceed the annual cash burn rate? Now that would be something to shout about, not a little Fiat van which nobody seems to be buying. And with the massive lockdown in China, why is the China Resources deal (a year overdue) not happening when it could give China a fast tool to aid discovery? Does the "gold standard" kit not work? And remember Microtox BT was going to be pretty well everywhere in Q1/21...according to the great Irish storyteller whose forecasts I believed. So where is the progress, Mr Brandon - or does DV just like to build empires and burn cash? I hope it is not a UK/Irish Theranos. 366,000 shares I own (all paid for at market price, not warrants) and I am crying (well, actually more seething).
Someone likes us...350k BUY
I think lying is very harsh. The technology is all new, never seen technology before. So a lot of new laws attached to it.
They have gone from 9 staff in York to 80 staff and offices all over the world. So it’s no easy feat. They have all the production in place to go into the big time. So lots of positives
Anyone want to hazzard a guess of a what a "few months" really means in reality? "Few" : Used to emphasize how small a number is.
28 March 2022 DeepVerge PLC ("DeepVerge" or "the Company" or "the Group")
First UK Deployments of Microtox®PD Pathogen Detection Systems in UK Wastewater
Environmental Monitoring for Health Protection Post Pandemic Sensors - Integrated Solution Trial for National System of 'Sentinel' Sewage Works. DeepVerge plc (AIM: DVRG), announces that the first six installations of Modern Water Post-Pandemic Microtox®PD pathogen detection systems in wastewater have been deployed to various sites in the UK which form part of the Environmental Monitoring for Health Protection (EMHP) programme, led by the Joint Biosecurity Centre (part of NHS Test & Trace), Defra, academia and water companies. These units, worth £480,000, referred to in the RNS of 28th October 2021[1] are additional to the £5m Modern Water production orders announced in the RNS of 11th March 2022[2].
Additional Microtox®PD units are expected to be deployed over the next few months in the UK.
One thing this company hasn’t got a grip on is timing NU. The word imminent, gets thrown around like it’s going out of fashion. Thats why the SP is rock bottom, but they can’t control that. Well they can, start hitting deadlines and producing what they have promised.
Anyway rant over. Love the products, especially the PD
NU agree, it’s all a bit poor. I think once a date has been set, and update should follow if it’s missed. Good or bad, naturally everyone is assuming the worse. So just get the issue out there.
Hutchy,
....all a bit contradictory for me with Gerry stating publicly he would be disappointed if it's not done by Xmas...and now you tell us what's another 5 months anyway.....when the CEO of a UK listed company makes public statements like that you would like to think he had the inside track on timing.
To the Chinese 5, 25 or even 50 years is nothing. At least you can gift your DVRG shares to your grandchildren then.
It’s 1 year when they said a lot of things, don’t worry they are talking to the right people. China resources deal, would have been sorted if it wasn’t for a handshake. “Will be disappointed if it’s not done before Xmas” another 5 months nothing.
Surprised Gresham House haven't taken alot more shares at these prices?
Is it really almost 1 year ago when DVRG said this:
7 June 2021 DeepVerge PLC ("DeepVerge" or "the Company")
Firm Placing of 21,086,888 new Ordinary Shares and conditional Subscription and conditional Placing of 12,246,446 new Ordinary Shares at 30 pence per share to raise £10 million Funds to scale, meet increased demand and expand revenues faster across the Group
DeepVerge (LSE:DVRG.L), announces that it has conditionally raised £10 million, before expenses, by way of a placing of 31,500,003 new Ordinary Shares and subscription for 1,833,331 new Ordinary Shares all at a price of 30 pence per New Ordinary Share representing a 11.8% discount on the closing price on 4 June 2021. This comprises a firm placing of 21,086,888 new ordinary shares to raise £6.32 million (before expenses); together with a conditional placing of 10,413,115 new Ordinary Shares, to raise £3.13 million (before expenses) and a conditional subscription for 1,833,331 new Ordinary Shares, to raise £0.55 million which are subject to Shareholders' approval at a General Meeting.
Gerry Brandon, DeepVerge CEO commented:
"DeepVerge has seen a dramatic change over the last year with the acquisition of Modern Water and hitting our maiden EBITDA positive quarter in Q4 2020. Along with organic expansion, 2021 has already brought new and exciting service offerings such as our recently launched Skin Trust Club and initial installations of our real-time wastewater COVID detection products. With such progress, this fundraising enables the Company, on three continents, to scale, to meet increased demand, while expanding revenues faster across the Group. "DeepVerge and its shareholders are well placed to reap the benefits from a much stronger balance sheet, built from the integration of tried and tested scientific innovation, 30 years of proprietary data, contributing to solving the current global health crisis and acting as society's pandemic sentinel for the future. The £10 million raised today allows us to maintain this momentum. I would like to thank both existing investors for their support and the high net-worth professional, family office and institutional clients of Turner Pope Investments, including Gresham House, who subscribed for a material proportion of the raise." The Company has transformed its business model to apply artificial intelligence to life science and environmental test services for bacteria, viruses and toxins. The Company intends to use the net proceeds of £10m for the following purposes:
· Acceleration of Labskin Services
· Expand Skin Trust Club
· Expansion of Modern Water Sales
· Working Capital
Great to see the large increase of new posters on here, positive RNS this morning and SP on the way up! The investor show really did turn this about!………………..
Bob,
I was also at the investor show, agree with your points, I thought Gerry, Paul and Camillus were all top guys and very engaging to talk to.
Weekend mention on Vox Markets - Bullish Chart call.
Talked to the whole team.
Very interesting.
STC could be absolutely huge.
Testing in America is taking off.
Dermatologist are using it and they have nothing like it.
Expansion in water testing will come.
They can test up to 16 different things.
Quite amazing