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What role for Modern Water? :
Policy paper
UK Biological Security Strategy (HTML)
Published 12 June 2023
https://www.gov.uk/government/publications/uk-biological-security-strategy/uk-biological-security-strategy-html
Focusing on Modern Water seems an easy decision...
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.
Sad to see that Ratty is back to posting about utter irrelevancies here.
There is such a clear and obvious conflict of interest for those Directors sitting on the Boards of DVRG and MSYS, surely they should resign from one or the other (or both)? Without resolving this it is difficult to that there will be any resolution.
£650,000 in expenses to £10m meant £9.35M, then there was £370,000 racked up in interest on the £4M loan.
So that over £1M just gone via the so called "expenses and interest"....it's just a sheer financial fantasy and then £1.2M still owed to MSYS
£14m raised in a year, and still in debt to MSYS for £1.4M for 2022, still looking for more funds, something seriously dodgy here.
The initial drawdown of £4 million will be used for;
1. the Glanaco acquisition;
2. expansion of manufacturing capacity and laboratory space in the US for the Skin Trust Club; and
3. maintaining the growth trajectory of equipment production and build on the increasing demand the Group is experiencing for its products and services across all divisions.
The Facility provides flexible draw down facilities at an interest rate of 1% per month on the outstanding funds drawn down.
Fighting for it life
Frightening how they raised £10m only last year and now need to go begging for more money again.
USE OF PROCEEDS
The gross proceeds receivable by the Company pursuant to the Placing and the Subscription (and assuming no Broker Offer Shares are issued) are expected to be £10 million. The Company intends to use the net proceeds, after expenses, of approximately £9.35 million for the following purposes:
· Investment in Labskin and Skin Trust Club £2.30 million
· Repayment of March 2022 Loan £4.37 million
· Working capital £2.68 million
We all know GB debacle needs looking at, but we need to move on and at least give this news board a chance and start talking up the company chances of getting through this difficult time. Difficult decisions have to be made to to survive and I believe that’s what the company is doing, so give it a chance to put things right.
NU nothing would surprise me! The investors who funded the last placing who are now well down may have something to say. DVRG is still generating revenues and possibly profits after restructuring it is all down to whether auditors and BoD agree or not it is still a going concern, cash is the issue!
Davde some might suggest there is another agenda being played out for dvrg going private and bod can claim it wasn't down to them....hmmm
Baskervilleboz , you mention that DVRG agreed to buy a firm that tested waste water for Covid-19 can you please let us know what company this is? I only see DVRG buying Modern Water and Glanaco and cannot find anything on both websites relating to Covid 19.
Yankee 5th June RNS. LLP was subsequently appointed as the Company's auditor, however there is significant risk of there being insufficient time to ensure that the audit is completed by 30 June 2023." It is possible DVRG will be suspended pending results of audit!
Truly shocking yet they keep Gerard Brandon (Ex Plummer & Walter Mitty ), and mates onboard.
Just a reminder of blatant ineptitude ........
Deepverge shares plummeted on the news, falling 45% to 0.8p. Shares are now down 98% since peaking in August 2020 when the company agreed to buy a firm that tested wastewater for Covid-19.
DVRG MCAP £1.7M, unbelievable, totalclusterf**k
Has anyone contacted Prof. Fujikawa for a comment? By the image quality of that graph it is possible they are just using it without authorization.
Yankee_d1000 is asking all the right questions. Everything else is sleight of hand and deception.
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
It is certainly not Russia but fittingly radioactive nonetheless. Almost the same geiger counter measurement from the post where Gerard Brandon moved from Deepverge over to Microsaic!!! And Nigel Burton (wait he actually shares both companies now) and does the list go on here: https://www.microsaic.com/about/#team in-fact it does, Alex Chapman seems to be an ex DVRG management team member also, strange times.
Some pressing questions for existing shareholders should be:
- Who is the next Auditor for DVRG and why has this not been announced with the end of June fast approaching and the previous Auditor's parting company. Considering the current DVRG Group Financial Controller Shiv Rawal worked as the assistant manager of the ex Auditors Jeffreys Henry LLP Group FCO before switching over to Deepverge as a direct employee, you would think Mr. Rawal would be cozy with another Auditor and could put us all at ease. We assumed Andrew Waters FCA was going to provide clarity over financial affairs in DVRG, more fool us, at this point he has been abysmal https://www.lse.co.uk/rns/DVRG/board-appointment-o6z1euhaena10vq.html
- Secondly is a de-list inevitable at this point? And one would assume there are regulatory guidelines in place that in the event of a de-list and utter failure to investors (zero updates on the audited accounts and running very close to a forced de-list from AIM) that the board at DVRG who very very oddly mirror the board at MSYS are not simply avoiding updating us in order to create a cheap buying opportunity. Let's hope Nigel Burton is doing things in the best interests of DVRG and not MSYS at the present time. But maybe just maybe Nigel wants to buy Nigel's company from Nigel. Anything is possible considering the behavior of DVRG handling of accounts in the last 6 months and the amount of DRVG staff looking for work on LinkedIn. I digress..
These are more important talking points than a radioactive post frankly, albeit a fitting post before a de-list from AIM at this pressing time-frame. Anyone care to share their thoughts on who the Auditor is, why the silence on it even from the new Andrew Waters hire, why the lack of transparency?
Well it's not Russia:
Modern Water collaborated with a team on an ongoing water monitoring project in Chernobyl, Ukraine, to improve the measurement of total Fe in groundwater samples. To measure total Fe in water samples, samples must be stabilized by acidifying or by adding an adequate complexing agent. The addition of acid is more practical to stabilize the sample.
Professor Yoko Fujikawa of Kyoto University recently presented at the Japan Society on Water Environment 2023 conference in Matsuyama, outlining the 2022 fall sampling campaign in Chernobyl and developing a highly sensitive method for Fe analysis using portable MicroTrace PDV equipment supplied by Modern Water.
https://www.modernwater.com/2023/06/13/improving-water-analysis-in-chernobyl-improved-fe-analysis-methodology-using-modern-water-microtrace-technology/
Which is a timely story.... Otherwise I might say mean things about the Japanese.
Perhaps somebody at the company would like to secure Modern Water website. Domain search restricted to last month should make things obvious...
Final day for Plantworx tomorrow:
https://m.facebook.com/GlanacoCSS
When can we expect Glanaco blue to appear at Morris Leslie?:
https://www.morrisleslie.com/product-category/plant-hire/accessories/?swoof=1&pa_product-category-filter=road-sweepers&really_curr_tax=110-product_cat
Which seems a suitable point to note Ankerlokken
page has been updated to show Glanaco blue products...
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/
I must admit when GB abandoned his glasses and, in my view, suddenly looked ‘younger’, I had subconscious ‘worryings’. Botox, the scalpel, young goat injections, obviously don’t know but I managed to resist my urges to sell. Unfortunately.
Fair!
Now if you had said Russians instead of the Irish.