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Whilst I wholeheartedly agree with the comments about GB (and feel that the former Finance director must also bear significant responsibility for the mess we are in) I do not believe the company is at the final curtain. With the revenue the company has in fact generated (as opposed to the inflated projections now dramatically scaled back) there ought to be a viable business here. In my view the signs are that the current board is in the process of taking the tough decisions required to turn a ridiculously over committed loss making mess into a disciplined and realistically scaled business with a reasonable chance of actually delivering some profit, if only it can successfully navigate the undoubtedly difficult immediate future. The key to that, at least so far as the interests of current shareholders are concerned (which ought to be the company’s main priority ) is to obtain whatever funding is needed to navigate that period without raising at a discount to the already hammered share price. There is sweet fa left of my £10k plus investment here (and I am sure others are showing an even bigger loss) but at least the downside risk to my investment is now minimal, so I will put these in the bottom draw and hope for some sort of recovery, if I live that long!
GB has left an utter mess. Not sure what's happened to the pre-STC Labskin business. Was the commercial testing business all bogus? Has that been closed down too? Were we sold a pup when Modern Water was bought out by Integumen? What's happened to Modern Water's business? All of the recent orders appear to relate to Glanaco. The lack of information coming from BoD is deafening. Why aren't they now suing GB personally or at least referring him to the reulatory authorities? As it stands, Burton (by virtue of his appointments at both DVRG and MSYS) seems to be enabling GB. We need a new, independent BoD.
When the curtain is going down what's lett will be a Micky mouse business too small to warrant a listing on Some.. and that's the positive... Worse case, zilch...
Sipps1
Posted in: DVRG
Posts: 234
Price: 30.75
Strong Buy
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sipps1
Posts: 234
Price: 0.315
Strong Sell
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interesting...
Not interesting, in fact, appalling. Conned by Brandon and side kick Finance Director and all other Directors not acting in the best interests of shareholders or the company. Too afraid to tell the truth or simply stupid. Lie after lie posted in RNS, Investor Briefings and Twitter. Integrity of Directors so important... Lessons learned.
Rip dvrg and mine and many others financial dreams! I believed in GB as I naively thought RSN where required to be truthful and I risked far too much… brutal lesson not one I think I’ll every fully get over.
Me either mate, I risked far too much based on recommendation and greed. Never again.
Really does look like the whole DVRG set up was fakery at its worst and can only guess that between GB and his dodgy finance man they finally realised they needed a real business to "invest" in and acquired Glanaco as their get out of jail card when everything else started to fall apart. GB really was a piece of work and really should be doing porridge for his actions, complete house of cards plc. Oh and where has the £10m raised only last year actually gone, somebody took it so where is it? Classic case for the fraud office and the police to investigate IMO.
Why is this MF still on the board at Microsaic !!!!
I want to see the bloke suffer
Over two years, from 30p down, believing in a valuable to society ideas company, I pumped £23.6K from dividends from my other holdings, + savings...
Sadder and wiser?
I hope so.
You guys can always do something about it before it's too late, please shear this link
https://petition.parliament.uk/petitions/636051
Have signed, but a long way to go.
Probably never get to hear about the stuff we need to, even if we succeeded.
From Modern Water's Instagram page:
Modern Water
2,950 followers
2d
We are excited to announce that our new US warehouse is now open at 2583 Industry Ln, Eagleville, PA 19403! This new location will allow us to serve our customers in the US, Canada, and Mexico better and provide faster shipping times.
###
So Inteprod?:
ISO 13485:2016 Certified Contract Manufacturer & FDA Registered
We have extensive experience serving leading producers and emerging innovators of medical devices and medical diagnostic product industry. Our business understands and adheres to the stringent requirements of 21 CFR 820, and is certified to ISO 13485:2016. Moreover, we comply with health and safety standards set by UL, IEC, and CE.
https://www.inteprod.com/
https://www.linkedin.com/company/inteprod-llc?
Look to have done some interesting work...:
https://www.inteprod.com/2021/10/13/inteprods-development-and-design-of-a-handheld-cranial-scanning-tool/
T.Rat, Do you think there is any type of relationship between Modern Water and Interprod? Where did you get that information from? Or are you just dropping that bulls*** for the few gullible people left here
Gurtel, really? Was my post too subtle? I don't think it was...
What's the address for Inteprod?
What's the address for Modern Water's new location?
Let's have a think ...
2583 Industry Ln, Eagleville, PA 19403
Snap.
'course that assumes online information is accurate.
Rat,
Have you picked up the phone and called Inteprod? Sent them an email?
I fear the worst. The market is clearly signalling that the end is nigh. Also, a number of the staff seem to be looking for new jobs - and based on past indicators they know better than anyone.
I really do not understand how GB is getting away with this. It is abundantly clear that the last couple of rounds of fund raising were based on GB's fairy tales. There must be some very unhappy shareholders?
Turned £5k into £43.10. Just deciding whether to sell, decisions decisions :(
My 60k is worth next to nothing.
I was exactly the same in CHLL but I averaged down at 2.5p and actually sold for profit at 9.5p
At one stage I was 80% down
I would not recommend averaging down here now. There is so much the BOD need to do to prove they have SH interest at heart.
What has happened here feels quite literally like criminal negligence and we are powerless to do anything about it….something is very badly wrong with the AIM system for this to be able to happen with no consequences for the people who perpetrate these situations on a regular basis!
Great risk makes even greater return
LP, you think there’s a return here? I’ll have some of whatever you’re on… risk is one thing but GB is guilty of bare faced lies as ceo to the stock market…. We are not talking risk and reward we are talking financial crime
The stocks I’ve made best
Profit on in the last 12 months are CHLL and ARB
Both absolutely finished “apparently”
CHLL ARB both did 600% in a month