Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Interesting information of connections drdoolittle45.
All legal ?
All this palaver for 1mln new funds! TurnerPope again, not good;
At least our suffering (slow death) ends on Jan 2nd, when the dilution scale will be clear.
It also makes MSYS more attractive to the (lucky?) Funder, as they will acquire a business with an existing clientele and an installed base of Water monitoring units all over the world;
Ideally, if it's a big player (the new investor) it will raise MSYS' profile and stop the rot of fund raises every 2-3 years!
I will be happy with a dilution of 80%!!!
I agree LT. Makes sense. Looks like the next GM might not be next week now on the 27th.
Maybe another vote as well. But it doesn't say
Microsaic will shortly provide an update to Shareholders in relation to the revised date for the General Meeting, and the expected timetable of principal events relating to the Revised Fundraising and the proposed Acquisition.
A bit of a wild guess last week, but it makes business sense and it makes use of the 1mln+ owed to MSYS by DVRG; hopefully, the funding will be completed (albeit at a huge dilution).
daylight robbery, the board is full of ****s, we are being taken for mugs!!
Let's see what happens in the next week and from the GM on the 27th. We just have to wait and see. It does make sense that the acquisition will more likely be MW imo. There is the debt owed and bringing as a bigger group should avoid not being paid for work completed in the future
For us existing shareholders here (which we shouldn't forget), I wish us all the luck that they will do well from this acquisition. Merry xmas and here's to a better 2024
The fine details of the ripoff will be known in a couple of weeks (maybe more); until then, a Merry Xmas and a less horrible year than 2023, with fewer scams!
As I was saying MSYS is DVRG. They write their RNS's at the same time because the board in one is the board in the other. Another point to tidy up here, Due Diligence, anyone in their right mind wouldn't touch this circus in terms of investment unless they are in on the con, if they do get 1 million or 2 this is just a lubrication from ex directors to save MSYS the public company (public companies cannot operate on AIM without around a million or 1.5 million in cost covering each year) and they will get MW for nothing and call it some kind of strategic acquisition BS. Then the circus starts again and you will see the PR machine spin out the BS about this and that just like with DVRG RNS's until they pump it back up to 10million or 20million and then they start their extraction again, same as it ever was. Gerard Brandon did this with Alltracel, Cellulac, Deepverge, Modern Water, all nothing companies that he pumps up and dumps. Declan Service the ex CEO of Integumen (Deepverge) is going to jail for insider trading so lets see where this all leads in time. Looks like MSYS needs to be very very careful moving forward and I would urge investors in this circus to exercise extreme caution too and no, online due diligence will do nothing for you here when they wont even release a set of proper accounts. My local corner shop in Leeds even does a set of accounts each year!
FWIW,
from DVRG's RNS: "The cancellation of the admission of the Company's shares to trading on AIM ("Cancellation") is expected therefore to take place with effect from 7.00 a.m. on 27 December 2023."
From MSYS' RNS: "Recognising that Shareholders must be provided with all information necessary to allow members to make a properly informed decision when considering voting resolutions, the Company proposes to open the General Meeting and then immediately adjourn it to on or around 27 December 2023".
DRD45,
we are just curious to see who would put money - and how much - for this "Acquisition; no harm in speculating, at the end of the day we don't expect much to happen anyway. And if someone does spend a few million, given the history, they must have done some DD, and hopefully get rid of the current Board.
Lets not look silly here guys (experience gained and all that!) with any obvious as day follows night predictions. Microsaic has no money and no talent and well is a joke. They therefore can only acquire, guess what another joke that they themselves run and control. Lets not forget MSYS is DVRG and DVRG is MSYS and this is why the flurry of RNS's happen at the same time every time (just check the DVRG forums), as its all run by the same people Gerard Burton and Nigel Brandon or did I mix it up there, anyways I am confused myself! My point is its all coordinated, as well as clowns in a circus can coordinate that is. So the only company (company is a stretch) that could join the circus is Modern Water, which the last time we got one of those BS RNS's was run by Glanaco which was sold back to the Glanaco owners for 1 pound. Now I am sure the directors will be doing a 'shift Modern Water over to Microsaic' away from the sinking ship of DVRG circus trick in January. I might be wrong too, but when dealing with a circus never trust the clown ;)
Sol,
Labskin doesn't fit with MSYS; MW already has many clients, with units installed so there is a need for someone to continue servicing them (and take over MW's existing service obligations).
Of course, it could be an entirely different business, unrelated to DVRG; one of MSYS own clients/suppliers for example.
Further to the previous notification on 14 September 2023, the Board has made progress with potential buyers of certain assets and intellectual property owned within the Modern Water and Labskin business units and hopes to be able to agree terms for the sale of these various assets during the next month.
Could it be the acquisition for both MW and labskin?
"Additional information on the Acquisition and the Revised Fundraising will be provided in a further announcement expected in the coming days......The net proceeds of the Revised Fundraising will support the working capital needs of the enlarged group as well as the consideration for the Acquisition"
MSYS, in its previous state, 'd probably need 2mln for the year, so we are maybe looking at 4-5 mln fresh funds to be raised, to pay for Wcap for the "enlarged group", plus the Acquisition; this means a 90% dilution, as a minimum.
Cheers LT
We just have to wait, I'm guessing next week now to find out the details. There's no rns on dvrg side. Unless they can't disclose anything as yet. If they released an rns on an acquisition there, we'd know straight away
Sol,
Probably valid if all else falls through;
Sounds that all is not lost? IMO, it could be a related business, maybe buy part of MW against the 1mln DVRG debt to MSYS?
I'm just guessing here, but although a bigger fundraise could mean bigger dilution for us, on the other hand it could mean a much higher Mkt cap upon re-admission, so maybe better if it means a viable MSYS.
Shareholders wishing to revoke an existing voting instruction should follow the process described in the Notice. The helpline number given in the notes to the Notice remains available to Shareholders and may be used to request a fresh proxy voting form if the original has already been used.
Does this mean that the vote we submitted is invalid or can still be used?
Have you voted Yankee?
Going PRIVATE as we mentioned many times. By the way the share price of MSYS will be nothing, its an empty shell with zero staff, assets, IP, money in the bank etc. Worthless. What work did they do for Modern Water that has already been mentioned by Deepverge staff to be a con. The illusion of a deal will be a sight to behold come the end of the month. It will be probably something very similar to when Nigel sold Glanaco for a euro to one of the BOD relations. The spin in the RNS will be a sight as I say.
@SOL not sure what you are mentioning the BOD suing Nigel for because its going private to the BOD for sweet f&5K all.
The Board provides an update to shareholders.
Potential disposal of assets
Further to the previous notification on 14 September 2023, the Board has made progress with potential buyers of certain assets and intellectual property owned within the Modern Water and Labskin business units and hopes to be able to agree terms for the sale of these various assets during the next month.
I would hope if we do succeed with raising the capital to rejoin Aim that they get rid of Nigel. Now GB has gone, he is the only one left I'd like to see the back of. The way he has dealt with both companies and issues with modern water is disgusting. I believe that modern water will go back to the crown once the company is dissolved, so we won't get any of the money owed for work done. If I was the BODs I'd take both GB and Nigel's shares as a penalty off them for losing so much money
They have made staff redundant and he should be number 1 on their list
Having said that, IMO the Co already has an investor lined up and has a number in its head e.g. if the fundraise will be 250k and our shares are worth 250k, then the new investor will also get 9.6mln shares and at a mkt cap of 500k, say, the SP will be 2.5p (appx);
4 days left b4 we know for sure;
Sol,
9.6 mln shares at the SP determined by the Market after the potential fund raise; the dilution will also be a factor;
say that 500k are raised, and the total mkt cap at re-admission is 1mln; so, there could be 20mln shares @5p; the old SP would have been 5/625 i.e less than 1% of 1p i.e. >0.001; obviously, no software could handle such a miniscule value for a stock, hence the 625:1 stock reorganisation.