Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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LTB,
Short answer...NO
I don't think "duped" is correct; defrauded is more correct given the RNSs issued, the NOMAD supposedly checking these, Turner Pope doing 2 fund raisings for DVRG under false pretense, even with institutional investors getting involved; the fraud only came to light when the new BoD took over and by then, it was game over. I only wonder whether these guys sleep at night or not, given the level of fraud (and length of time) perpetrated.
Well said LT, at this point its about getting far away from the conman Gerard Brandon and his Gang and warn everyone and their dog not to touch anything he is involved in. Next few months the real truth of this emerges one way or another and hopefully the courts will deal with this properly. Sol if you are not Gerry open your eyes, anyone saying Gerard Brandon and Nigel Burton did anything but assf*6k everything for the last few years is honestly clueless frankly. I was duped here but its a mission of mine and many others to never leave that happen again. Ever!
I am just curious about Turner Pope; they kept issuing those glowing research Notes on DVRG (TP 90p!!!) and then did 2-3 fund raisings for DVRG and MSYS, scre--ing themselves and their clients in the process. What kind of due diligence were they conducting, especially given their insider status??
Sol,
Fwiw, I would just write these off now. Cannot see how MSYS could possibly come back when you look that DVRG is in the £1.4M debt has no chance of being paid. The company here stated further funds will be needed this quarter. With such a low MCAP any funding would simply wipe out any existing shareholders completely so it's a lose-lose whatever happens. Obvious to me that the people in charge have abused their positions to create false value in their companies and milked the system for all they possibly can now. Only options left to them is close down and let the administrators sell off the assets or just delist and operate privately for their own benefit with other parties. If they do that they will reap the benefits of all that investment money raised on AIM, assuming the cash wasn't simply secreted away to overseas accounts of course.
ALL IMO FWIW
I'm not obsessed with gb or nigel. I know what is going on. I only come here for brand new information only. New facts would appreciated
Good luck all
I have other things on my mind than cry over gb
IMO, no sense in arguing among ourselves; we know GB is a conman, those of us who still have MSYS shares are just waiting for news on whether it will be delisted, heavily diluted or (1 in a milln) a mild dilution (whatever this means).
Those with no shares in MSYS, I wish well in their life and to get redress in courts against GB & his gang for the DVRG fraud.
Gerry my share allocation is none of your concern. You should be far more concerned about other things. However if only these journalists were a touch more curious and just did a little more digging https://www.lse.co.uk/news/DVRG/deepverge-chief-financial-officer-andrew-waters-leaves-troubled-firm-93n8nvk2dlt56ph.html then it would be far more interesting. But yes yes you did a great job in DVRG and continue the good work now in MSYS. Mr. Waters should have tidied up your mess a lot better, all his fault, pathetic, honestly.
I haven't got time to explain my posts to you. It's not difficult to understand. Both you and muggings though can tell us if you have currently got shares in MSYS tied up as some of us here. Or are you just bored
Imagine saying Gerry Brandon was doing a good job and not looking around you at the other mess left in his wake! Digging anyone our of any hole :) I can imagine Gerry Brandon saying it but anyone else, my god. Sol is indeed GB. I did think T Rat was Gerry Brandon, but maybe that is Fionan Murray. Maybe Gerry Brandon is Sol and T Rat. You just never know do you ;)
Sol - you are either the most gullible fool on any BB or you are GB. Which is it?
Sorry Sol I think I need to just re-read and question what you just wrote!!!
Did you say your surprised Andrew Waters didn't sort our DVRG after coming in around Feb of 2023 after Gerard Brandon had already lied about everything in 2022 including the 2022 accounts etc? Can you tell me and maybe Mr Waters what you are surprised by? How was Mr Waters going to magic away Gerard Brandon and Nigel Burton literally falsely stating they did 100% more revenue than they did in 2022?
Then you amazingly go onto say GB took over microsaic and he did help them out of a hole :) I have seen T Rat and others say some masterful nonsense on these forums but that one takes the biscuit. Gerard Brandon and Nigel Burton signed a deal with DVRG (which they ran), there only deal worth 1.4 million knowing DVRG was a sinking ship after they assf*7ked it so hard and that was an extraction mechanism to get money out of DVRG into MSYS. That you call helping MSYS out? That is the definition of putting MSYS in a hole, infact such a hole they are de-listed as a result and cannot even produce a required audit.
Sorry just looking for even a shred of credibility in your statements here. Thank you
I'm surprised Andrew Waters didn't sort this out from taking over as ceo. Was he just paid to sit on his butt all day. We know when GB took over microsaic he did help them out of a hole. Andrew should of done his job. Doesn't look good on him either, as he would of known the error in figures
It is frankly soul destroying to watch this, CFO Andrew Waters runs for the hills after less than 6 months! Nigel Burton is some CEO. CFO saw the accounts I'd imagine and decided enough is enough, why carry the can for all the fraud and deception. I am sure the CFO over at MSYS is working night and day while I was on vacation to now get these accounts out to us!!!
DVRG just announced its CFO leaving; N Burton thanking him for revealing the mis-statements of "previous" Management; previous!! Were was he?
I have gone on vacation and just returned and it looks like the auditors have also taken a vacation, August and still no set of accounts. It really is starting to mirror the behavior of DVRG, loads of social media good news but as the saying goes, an empty vessel makes the loudest sound.
Im keeping my fingers crossed for all shareholders here that still have stock in microsaic. Hopefully they will get back listed and we just have to then sit back and wait a long while to get our money back. Let's hope for a positive outcome ;-)
The sad truth is, even with an RNS and audited FS, GB's business (un)ethics mean that no serious investor will trust GB with any money again; unless AFS/outlook are so good, and dilution is so big, that it would be worth the risk for a new investor!
Hopefully, GB would then be kicked out.
This is Gerard Brandon and Nigel Burton modus operandi , pump the social PR and spend on travel (labskin and Modern Water travel expenses are ridiculous) which is nothing but fabrication. Infact even the accounts unless audited are just pure fabrication, after all DVRG accounts were more than doubled at the end of 2022 knowing they would not be audited and that was even an RNS!!!
"it is clear that revenues for a number of contracts have been incorrectly recognised in excess of works completed and therefore revenues for 2022 under the relevant accounting standard IFRS15 are expected to be approximately 45-50% of the £17.2m revenue figure provided by the previous executive management team and notified to the market." Notice how they used the language 45-50% of rather than 100% overstated! Cute english work there.
Camillus Glover and Shiv Rawal are still getting paid and still the accountants. That is strong leadership from Nigel Burton, have faith in MSYS, it is only but run by Gerard Brandon and Nigel Burton is holding his hand!
August 2nd still no accounts, plenty of linkedin posts and travel!! Red flags...
Unfortunately we won't know the answer to this, unless they release an rns report. We still don't know what is happening with dvrg if they will pay the 1.4 mil or not and if not, then microsaic will need something big to show shareholders if they decide to list on the market again and even if they trade OTC, they still need to show they can bring in the new business and cash for investors. They seem to be working hard to raise funds. all imo
They seem more active now than before the suspension! Probably an attempt to forestall investors' ire.
In any case, the essence of the matter is, whether MSYS is making money or not, are PIs going to benefit? GB and his mates if delisted? Or the new investors, assuming a big dilution?
I also noticed this was released recently 2 days ago LT.
The article on @azom presents the development of a miniaturised ESI-MS - Microsaic's MiD® ProteinlD - used in combination with Proof-of-Concept (PoC) workflows to provide the monitoring of IgG and metabolites in upstream cell cultures and at the point of need. Read more in the article below or contact us at sales@microsaic.com now for more information. #MSYS #Microsaic #MiDProteinID #MiD #MassSpec
From LinkedIn - MSYS:
Per- and polyfluoroalkyl substances (PFAS) pose significant environmental challenges worldwide, requiring rapid and efficient monitoring for effective decision-making. Trajan Scientific and Medical, Australia is developing a pioneering field-deployable LC-MS platform to address the limitations of traditional PFAS analysis methods. Microsaic's Service Director, Steve Vigar, travelled to Australia earlier this month to work alongside David Melville, Rahul Singh, John Lam, Boyjie Firme and Andrew Gooley of Trajan to incorporate the Microsaic MiD 4500 into their platform as part of this project.
Commenting this week, Steve said "The integration of Microsaic's MiD 4500 into Trajan's field-deployable LC-MS platform marks a significant milestone in advancing on-site PFAS monitoring capabilities. Our compact and highly sensitive MS system empowers rapid detection of trace-level PFAS compounds, ensuring timely and accurate environmental analysis. Collaborating with Trajan has been an exciting journey, and we are proud to be part of this pioneering project that aims to revolutionise environmental monitoring for a greener and healthier planet".
To find out more about this project, please visit Trajan's website https://lnkd.in/ee46piC5
MSYS is not running as usual!! Their stock has been de-listed, their main customer (customer is a stretch as that contract is a total fabrication) is in ruin, and the people responsible for that ruin actually run MSYS who cannot even produce an audit set of accounts to fulfill AIM rules!! what planet is that 'business as usual'!!! You are starting to sound like Gerard Brandon, Nigel Burton and Fionan Murray!!! DVRG and MSYS are not different stories, they are the same book, run by the same people, it seems a significant amount of education will need to come to these forums. Even the commercial director at MSYS was the commercial lead sales at DVRG.
Let us wait for that RNS, it will state more BS about waiting on the audit and of course then it will be 'private time' and a whole new set of rules. Before that however, lots of detail to pour over.
If there is money laundering or contract fraud involved then that would be a criminal offence definitely and this would need an investigation with the police and criminal courts and that's out of our control. I'm sure if that is the case we would see a press release. Microsaic hasn't given any audit release this year and the last results was last years half year report. So there hasn't been any false results at msys. Dvrg is a different story and GB, Nigel and the accountant that gave false figures would be accountable for this.
The staff issues at deepverge would come under a civil matter under the employment rights act and they can sue for this if they didn't give a redundancy package or the correct notice. If they have a union they will assist with this.
The important thing for the shareholders here is what will happen with microsaic. There hasn't been any official news released as yet. They are still advertising investments on their website and work is running as usual. If they do go private then shares can be sold or issued OTC. We just have to wait for an RNS to appear here. All imo!