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@LTBeliever I am not sure if you are having a laugh quoting an RNS from Gerard Brandon and Nigel Burton or if you have not clicked that each and every RNS they spit out is complete utter BS, unless backed by an actual accountant/auditor doing real grown up accounts and audits like my corner shop here in Leeds does? The reason I state this, is because well firstly and obviously it would be awful to see new "parties" get duped like we all did by these con men, that's an obvious one we all agree with it I am sure. Secondly and even more obviously a week ago the Finance Director who wouldnt even bother to be named due to the shame of even being associated with this joke was terminated as per here: https://find-and-update.company-information.service.gov.uk/company/03568010/filing-history and we are supposed to believe an RNS full of BS from 25th of September. You are having a laugh right? I am checking because the Deepverge forum was full of rampers who were colluding with the directors to ramp and pump the share price around the time of fund raises and I have no doubt the same tactics are present here with gangsters from Turner Pope etc. They are going private.
B4 dilution (good scenario!) or the end (bankruptcy); as per 25 Sept RNS:
"....continues to meet its obligations as they fall due, providing a funding runway through to mid-November.
... discussions with several parties about strengthening the balance sheet and aims to conclude a fundraising within that period. The Company would then seek reinstatement of its shares to trading on AIM... subject also to having published the FY22 report and accounts... its interim results to 30 September 2023 and augmented the leadership team. ... £1.5-2.0m would provide sufficient funds."
Looking very much like Deepverge scenario.....and still no audit.
https://find-and-update.company-information.service.gov.uk/company/03568010/filing-history
Here we are in November of 2023 and not even an acknowledgement that the company is alive! No Audit, not even an acknowledgement that the auditing company was ever doing an audit in the first place. No product updates, essentially no updates in itself. Nothing, zero, a sweet f&*k you, just like Deepverge PLC from the exact same crooks running it. Amazing what AIM and the regulator lets people get away with. I thought the minimum requirement after 5 months waiting was an actual audit from 'real' auditors/accountants. What are the chances when I come back in December that exactly nothing will be done here by way of communicating the exact mess that Microsaic is in?
They have not even bothered to do an audit when required by AIM in June why would they bother their asses to update us in November on anything? Maybe around Guy Fawkes night they will set off one last bomb. Nov 5th keep an eye out for dramatic effect.
Surely there will be an update in November??
3 Nov 2022 Gerard Brandon who is one of people responsible for the complete shambles and dodgy accounting over at Deepverge PLC was booted out and replaced by Nigel Burton and we are now literally weeks away from basically Deepverge PLC farting its way to the grave. That took a full year for Nigel Burton to try as he may but even a full year could not recover it from the damage of Gerard Brandon and his gaggle.
So then you take a look at Bobby Moore taking over from again the notorious Gerard Brandon and looking through the creative and misleading accounting practices of Microsaic and he is only a month into the role, well, I would say he needs another year but by then just like Deepverge it will be all over as he discovers the absolute ass f&*king Gerrry Brandon and his team gave it. You would want to be insane to invest fresh money in these gangsters.
Bobby Moore at the helm. Hooray for us.
And Nigel Burton in the wings. Hooray for us.
Over and out maybe?
It is the middle of October and still no Audit released from these jokers. They say they will do a raise probably with those jokers Turner Pope (risk warning for sure with these guys!!) and still no Audit. A raise without a credible audit. A sunk ship.
Zero. It will go to zero just like the investors over at deepverge have to suffer https://find-and-update.company-information.service.gov.uk/company/10205396/filing-history the shower that run microsaic also run Deepverge and they did not even bother to put out an RNS. Microsaic has yet to release the audit where is the audit?????? So zero is the best guess right now.
0.0065, that is what they closed at. Perhaps lower once it hits the market again. I'm really hoping they come back higher though, its going to take ages for me to break even. I'm not selling until I get my money back and I'm going to be waiting awhile. I'm happy they have got rid of GB and moving forward. He has made a complete mess and they have alot of work to put in now to clean things up. Any news on deepverge with modern water?
Anyone else in the same boat that didn't sell?
What price do peeps thing this will come back at?
@LTBeliever yes Microsaic will go back to the markets as they are out of money, or should I say Turner Pope Investments to get that broker to pillage its user base again for a fund raise. Stay well clear as they will be doing their "special allocations trick".
Just one testimonial of Turner Pope here which is accurate: "I have built a career in financial markets for 35 years, starting as a futures trader on LIFFE in 1987. I was introduced to Turner Pope about 4 years ago by one of their employees, David Diable. He told me to invest in their stock tips & I would do well. It's been utterly catastrophic. They are the worst investment company I have experienced in 35 years. All 3 of their so-called investments have lost significant amounts. The last one (Brandshield) immediately dropped by 50% (I was offered a 'SPECIAL' allocation in a new offering) & has stayed there for 3 years. I have lost about £25,000 with Turner Pope in total so far. (Statement attached of latest investment). This in the biggest bull market in history!! It must be almost impossible to pick a losing stock. They managed to pick 3 big losers out of 3 investments offered to me. Imo they are just a bucket shop. AVOID!!!"
Nigel Burton will be currently offloading his deepverge companies through some dodgy back alley deal sealed by yet another made up RNS, probably administrators involved and no audit. Then yes he will get to raising some money for Microsaic and yes it will be a 90+% dilution of course. Why would it be anything else as the audit will fully blame his pathetic efforts over at Deepverge (while saying he has nothing to do with Deepverge :) along with Gerard Brandon and the gaggle, they have effectively run it into the ground.
What I am interested in is how Deepverge Labskin etc will be going private wiping out PIs and to whom it will go private. They are well used to selling companies to family members so it seems, so will it be family or friends this time as who in their right mind would buy it only a dodgy family member or friend without an audit and an actual set of accounts.
Just guessing here, but the RNS mentioned zero cash by mid-November; this might mean that (otherwise why issue an RNS, especially now that the crook is out of the picture?) they are close to getting the funds needed i.e. we'd hear sometime in October about both funds being raised and the Audit's conclusion.
My worry is not the above (1+ million should not be hard to find), but that Nigel and his mates will buy the new shares at heavily diluted prices and basically take full o/ship of the Co, and leave us with next to nothing.
Welcome to October, the last quarter of the year, and still no audit from this joke of a management team. Imagine if they are trying to hold out until the new Year to do a fund raise and in the meantime continue to mothball everything. AIM really is an embarrassment if no audit is forced to be released with an end of year looming.
Gerry going is a positive that is for sure.
But now we have the Nigel and Bob show and can they lead the company into a raise of at least £1m and more like £1.5m plus?
The next few months will be the decider for MSYS and no easy feat raising in this market.
Sol001 I do know a little bit yes.
The acrylamide detector is a service as such (not a tech and is already being done actually by companies in the UK) which is dependent on European regulation if there is to be any meaningful need for it, acrylamide is in almost everything, cereals, toast, coffee beans the list goes on, but it is an "idea" now and the person leading it has been let go. And the RNS stayed brief on it as it should because there is nothing there for it right now.
proteinID is far beyond the capabilities of a company like Microsaic with little or no expertise to carry this out, would take a decade of commitment and this company is likely to crawl bleeding for years and that would be a success in fact.
Gerry is also NOT out of the way. We will see how this financing is led and how things fall out with Deepverge and Modern Water to learn more.
How do I feel about Bob, I feel sorry for Bob unfortunately due to the years of work ahead unraveling the mess left behind but likely he will not be there for long due to the burn rate.
It's going to be a long, long way to go yet before we see any return. Just happy to see a positive rns today with GB leaving and the company focused on getting back on the market and working towards building up business again. If all this tech. Is on the ball it should bring in the business imo; especially reading into this proteinID. It's very interesting. I know from reading that cancer research is focusing on proteins. This is way over my head though when I was reading into all this
Sol,
The main issue for us is the dilution ahead; if Nigel, who has lost already a lot of money, is willing to invest more money in the upcoming (I hope) Placing, and with Gerry out of the way, a Placing might be successful;
we still need to have more info about the cash burn (100k or 200k pm?), Gross Margins, business outlook, the 1.4mln debt by DVRG (is MSYS getting something back eg stock?) before anyone can make any assessment, especially new investors;
Thanks LT. Also found this very useful. As you said if it's not BS, it will be good business for microsaic.
Proteins are the molecular machinery of the human body, and their malfunctioning is often responsible for diseases, making them crucial targets for drug discovery. The three-dimensional structure of a protein determines its biological function, its conformational state determines substrates, cofactors, and protein binding. Rational drug discovery employs engineered small molecules to selectively interact with proteins to modulate their function. To selectively target a protein and to design small molecules, knowing the protein structure with all its specific conformation is critical. Unfortunately, for a large number of proteins relevant for drug discovery, the three-dimensional structure has not yet been experimentally solved. Therefore, accurately predicting their structure based on their amino acid sequence is one of the great challenges in biology.
Sol,
It's related to bioprocessing i.e. drug development by big pharma.
https://www.microsaic.com/2023/08/24/revolutionising-bioprocessing-mid-proteinid-for-smarter-workflows/
If not BS, then maybe new investors will fork out good money (and dilute us along the way).
Does anyone know more about the proteinID tech. We all know about GB now. I've read about the acrylamide tech. and this does look interesting, but unsure about the proteinID and which companies will benefit from the technology
@sol001 clearly you are not looking at this objectively if you feel people are hating on Gerry! This is not about hating on someone as @whitecells and others have pointed out, this is about avoiding fraud and at best horrible corporate governance practices in the future and this will take a long long time to get over. Gerard Brandon and his gang have destroyed Deepverge PLC, lied on almost all RNS posts, released accounts that are over 100% inaccurate for 2022 and have literally been buying and selling companies to family members, hiring daughters, moving staff between Deepverge and Microsaic, fabricating contracts, it is a total shambles from top to toe and yes it has been reported and by all accounts suppliers, staff and AIM are all still seeking out next steps. Microsaic needs to avoid some of these things at least. See quote below from today's RNS.
"In addition to the above management changes, the Company intends to progress with the recruitment of a new CEO to ensure that the Company has the full set of skills necessary to take the business forward and return to compliance with the appropriate corporate governance standards. At that time it is expected that Bob Moore would revert to a non-executive role."
Literally the RNS is drawing attention to the fact that compliance, corporate governance standards and probably by the sounds of insiders posting,every other standard have been pi&$ed on to date. This company is on its knees and the RNS and lack of audit and desperation for finance suggests at deaths door. Wake up and stop with the "people don't like Gerry BS". People have every right to post here about how they hate Gerry and what other skeletons will crumble out of the closet. Good luck to Bob he has a miracle to pull off.
The other great thing about GB leaving is we can turn our focus back onto discussions on microsaic business in the future. They will have to create a separate chat for Gerry haters