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Why cant MSYS buy for euro then dump anything not good?
or if company buys for euro they are buying the dept owed to MSYS
Win win
We do not know what was transferred for this 1euro sum? It is not audited at this point so those figures like every other RNS we got are likely nonsense. Are we sure it was not other assets also other than Glanaco assets transferred back to the management team of Glanaco? No we are not. Everything we dreaded this would be is turning out to be just that.
Deepsulk 'd be more appropriate IMO
They could call it deepsaic Ltd. But that doesn't have a ring to it lol
Lol
If it does happen those invested in DVRG will be P155ed
They can call it microverge Ltd
Or even better 1 eur. They must be stupid not to have thought of a JV and avoid all this mess
MSYS could in theory buy Deepverge for £1?
As they are same board and pretty much the same company; they can just transfer over assets now and write off the debt. Or just run as one company and one share price. This would be the better option and no need to pay for microsaic services. That way they don't need to dispose of modern water and work as one. All imo
Yes, nothing to do with MSYS' trade debt but I have a suspicion that the remaining disposals will not yield anything worthwhile for MSYS; in theory MSYS could pursue DVRG assets for the debt, but who will do that? MSYS corrupt Board?
By transferring the business back to management, the business and associated jobs will be saved, and the group's net creditors will reduce by approximately €500,000 (£432,000)
When they say 'the group's net creditors will reduce by approximately €500,000 (£432,000)' This has nothing to do with the 1.35m to microsaic owed? How much debt does deepverge have apart from the 1.35m? If this still hasn't reduced, then we are still stuck waiting to see what happens with the other disposals. Maybe 2 euros for modern water next (joke)
Still no news released here. Just updates online regarding microsaic working towards a greener future. No news for msys shareholders as per.
Https://www.lse.co.uk/rns/DVRG/disposal-update-jq4wtrexwxwibzj.html
Back to its Management, based on unaudited numbers - how convenient!
Like i said before you can goto one of the events listed with weapons and torture them
Yep. Its like watching a seagull fly off with your chips
It is a disgrace frankly, first week of August now gone by and still no audit released.
Shockingly blatant and blase.
Gets away with it, so never stops plying his 'trade'.
Full order book he kept saying here.
What would happen to any of us if we behaved in this fashion I wonder...
You are reaching significantly Newuncle!! :) Gerard Brandon Fionan Murray Nigel Burton never set out to build something successful and never have. They are con-men as you pointed out, a conman works on story telling, observe the art: https://www.youtube.com/watch?v=CYBU1Ib8idU
If only GB and Co had spent as much time and effort on actually doing business as they did in setting up very questionable financial arrangements and very questionable reporting etc they might actually have made a success of DVRG and MSYS, instead they ran both off a financial cliff for investors and their workers. Only a few winners coming out of this....and they are both from the Emerald Ilse, bet they are amazed they got away with it for so long in the end...and will still get to pocket a tonne of cash in the process and no one can touch them.
Yankee there are 2 Glanaco companies owned by the same team https://www.glanaco.com/about/ and Managing Director Tony Ryan. Glanaco Ltd which DVRG acquired and Glanaco Services Ltd which DVRG does not own. Glanaco LTD and Glanaco Services LTD are one in the same, they are not an engineering business, its a street cleaning company. All the recent business of Glanaco is going through Glanaco Services Ltd of course and I wonder why!! Murky is a good word but its all getting very obvious now.
Https://julianadesigngroup.com/modern-water-inteprod/
from 2019????
This gets murkier and murkier by the day now, post by JEZ on DVRG....not exactly being subtle are they...has DVRG done a sweetheart deal for MW in the USA where ownership of the IP and technology etc simply transfers to a new entity in another country....no doubt GB and the likes will have their hands in that pie one way or another....no sales of the assets as promised of course but instead a deal that works out very nicely for the few involved?
Modern Water is pleased to announce it has appointed Inteprod LLC as an authorized service representative for its Microtox LX and Microtox FX acute toxicity analyzers. Inteprod is a contract manufacturing specialist for medical and life sciences technologies in Eagleville, PA, USA. Inteprod was instrumental in the design of both instruments and has deep knowledge of their design and performance.
Address: 2583 Industry Ln, Eagleville, PA 19403, United States
Modern Water post last month:
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.
Doolittle45 what do you mean two Glanaco companies? I am not sure I understand this, didnt DVRG acquire Glanaco Ltd here https://www.lse.co.uk/rns/DVRG/acquisition-loan-facility-for-global-expansion-eue35leih3kltrs.html in March 2022, they are an engineering company, for microtox assembly? Around the same time as the loan sharks of Riverfort Global Opportunities PCC Limited got involved.
Unfortunately no "smart" auditing company would touch DVRG in the first place or infact MSYS as they do not want to be the whistle blower here, life is too short. I pointed this out before, the current DVRG Group Financial Controller Shiv Rawal worked as the assistant manager of Jeffreys Henry LLP Group FCO before switching over to Deepverge as a direct employee, awkward at best! Shiv Rawal literally stood over the 100% overstating of accounts in 2022 along with Camilus Glover and is still employed to this day! Andrew Waters took a good look at Shiv work and probably said I am running for the hills now. MSYS is not doing an audit right now, they are sitting tight wanting to go private, obious because its August now!
FCA and SFO would need insider information to get going on it and the threat of publication with journalists if they do not get off their asses and work on it. Even the idea being pushed by T Rat and others on the forum that Modern Water and Glanaco are doing deals with anyone is fraud, the staff have not even been paid! I would say the staff have a battle on their hands now firstly and when they get dragged through the coals that is when the real information lands and we will all be educated on Gerard Brandon, Nigel Burton, Fionan Murray, Camilus Glover and Shiv Rawal.
Absolutely no question the SFO should be investing this but how that would be initiated, I mean by who and how would they do it, surely not us PIs as no one listens to investors who are regarded as the lowest form of life in these circumstances. Has to come from the auditors surely who would be required report dodgy accounting to the FCA at least?
You are right its fraud.
Do not forget the overstating of the accounts in 2022 by 100% and also the new BOD actually still retain Shiv Rawal and Camilus Glover in employment.
Also the RNS stating that Deepverge acquired Glanaco, however we do not know if its Glanaco Ltd. or Glanaco Services Ltd? Why do 2 companies exist.
Also we all know all staff are being made redundant, again that is not true, they are not getting their redundancy they are owed, they are also not paid for July which is their legal right. Again the current BOD should have managed that better and made sure to not have them work July if they could not pay them for July, that is an issue for the courts.
The list will go on...