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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!
Press involved at the correct time, patience. One has to remember that the plan here from Gerard Brandon Nigel Burton and Fionan Murray is to take DVRG private and MSYS as they are one in the same. This is why you have a ridiculous 1.4 million sterling contract that DVRG signed (Nigel Burton literally signed it, knowing the conflict of interest being a director in both companies) for MSYS services ,which is total rubbish and was designed to extract the last drop of air from DVRG. Now that DVRG is dead its time to take it private for nothing. Of course some staff issues like unpaid work done and redundancies stand in the way!!!
Well pointed out fraud is a criminal offense.
Legal action from staff started, this is the first step. No need for the phone number thank you, we know exactly what we are doing. You will know what happens, I or anyone else will not need to update you.
I saw your post on dvrg doolittle. Has the press jumped on this yet? They arent scared of reporting fraud. Has anyone reported this to the police yet? Fraud is a criminal offence and if you have solid proof which it sounds like you do, you can report to action fraud 0300 123 2040.
Best of luck and let us know what happens
August 1st no set of accounts! Lets see if Nigel Burton and Gerard Brandon are private by September 1st. It is the vacation season so you cannot blame the incompetent chaps for not getting it done in June or July or maybe even August, after all they could not get the accounts done in any other month this year either. Please all Gerry and Nigel sudo accounts do not follow up with DVRG is the issue, Gerard Brandon and Nigel Burton run that also! The auditors should not care if DVRG is doomed, they need to do their job or did you even get them to do their job???? We all know... tick toc...
Alex Chapman is the Commercial Director of Microsaic https://www.microsaic.com/about/ , former sales with DVRG until Gerard Brandon and Nigel Burton needed his 'services' over at Microsaic. You could say he knows both sides of the same coin and I am sure knows plenty about that 1.4 million pound contract with MSYS did for DVRG just before DVRG made it clear they deceptively overstated the 2022 accounts by 100% no less and therefore MSYS were able to get a few hundred grand out of DVRG bank account before it went totally down the drain.
Anyone know who Alexander Chapman is? Is he part of the team of crooks? Or just gb and Nigel. If this is against the law; why after all this time nobody has flagged this up for the criminal courts to investigate. I'm sure the LSE would be aware of this as well and especially the tax office or bank if its money laundering. Any lawyers or police invested here to advise on the law broken? Would be interested to know why it's not being investigated. It's a bit like the prime ministers in this country; most of them should be put in jail
Crooks, correct. Hope is fading August tomorrow! Still no audited accounts. Says a lot!
I believe the words I used - crooks, heavy dilution as best scenario, possible delisting to rip us off - do not need much of a counter :)
I gave an example, definitely not comparing apple to an apple.
LTBeliever just to provide a counter here, I do not see any comparison/parallels unfortunately with Aptamer, your example is a bit like picking any stock and saying 'look it went up'.
1. Firstly you mention that the founder/ceo of aptamer was removed from that position. Has Gerard Brandon or Nigel Burton been removed, has any change been made to management or the board, not just for the failings at Microsaic but the complete destruction of Deepverge PLC? No they are still there and this points to a weak board, in fact basically the same board as DVRG, just shedding their skin and moving onto the next company and in doing so created some kind of bizarre 1.4million deal with DVRG for services that MSYS give it which is just a last ditch extraction mechanism! Infact would not surprise me if you see certain management from DVRG getting jobs in MSYS, why not, the board did that.
2. Aptamer is actually listed on AIM and has liquidity as a result, MSYS and DVRG are not! They at least released a set of accounts, MSYS did not and will not.
3. You say the new holders have doubled there money in Aptamer? So they have zero vesting period and it was a pump and dump raise? Or else they did not double their money and have a vesting period which will see continued decline if the company is again not run correctly and this forward forecasting is not pure deception. In MSYS and DVRG did the holders in the last raise double their money?
I do realize you are guessing and say as much but I see literally zero connection with MSYS and Aptamer from an investment point of view. Today you can invest in Aptamer if you wanted to, MSYS you cannot, that is as fundamentally different as it gets.
Also as you point to, we actually still do not know if Nigel Burton and Gerard Brandon and their accountants have conducted fraud. Maybe when that is known people might look at this again until then each week more and more will leak about Gerard Brandon, Nigel Burton and Fionan Murray and the way this scheme was run. Currently zero employees in Labskin, Skin Trust Club and Modern Water were paid for July, no pensions paid, on redundancies given, again did Aptamer pay its staff in July, its the 31st I should think they did! MSYS staff looking over their shoulders right now and if they are smart will be exiting as quickly as they can.
Sol,
MSYS will do well but with the crooks in charge, don't hope too much.
Dilution (heavy, probably) is the best scenario for us; Audit will come through eventually, the Co - IMO - will not go bust but they may still take it private (as a way to recoup the millions they lost in their DVRG holdings).
All we can do is wait (I reckon another 2 months minimum) for news.
Hey LT. They also have been discussing the conferences this month; the last one in Toronto and also mentioned about the microscale electrospray ionisation mass spectrometer (that's a mouthful) we still have no idea what is going on about the audit
Https://www.lse.co.uk/SharePrice.html?shareprice=APTA&share=Aptamer-Group
Assuming (big IF) that the MSYS board are NOT 100% crooks, today's RNSs by APTAMER might offer a ray of hope?
Aptamer's SP dropped from 100p to 4p last week, on the verge of running out of cash, CEO/Founder kicked out (no explanation) and today it has announced placing of 3.6mln, @1p (so, 75% discount to the SP); however, the SP dropped to 2.5p, meaning the new holders have more than doubled their money.
Anyway, I have no idea what will happen but MSYS still posts on Linkedin
Below the link to its newsletter, FWIW
https://zurl.co/AZ10
Sol001 Nigel Brandon and Gerard Burton will be sending you that confirmation like night follows day, all you need do is wait patiently sir. They just have to get through f&$king over the staff in DVRG firstly this month, with none payment for work done, none payment of redundancies for years done and none payment of pension contributions, then they will try and shed that skin and move into that audit you are looking for, give them some time, after all June has come and gone and July has now come and gone, so it must be a massive set of accounts, truly massive, but I am sure its top of their agenda and they are working night and day to get out that most basic of business requirements for AIM, that little lovely set of deceptive accounts and then us investors can respond with a buy or a sell. Let the market decide right. Tick tok, tick tok.
You need to research where they live and then torture them
Can you send us a link for confirmation that msys will be going private and won't be releasing an audit. I searched online yesterday and didn't see anything. If its a guess; please put imo. Some of us still have stock with the company and would like genuine replies; not just a repeat of something we already know about the BOD etc
DVRG is not raising cash, they are going into administration with massive debts, miss-management and all human IP being left go and moving on. They were run by the same con men running MSYS so we have been warned. The management (if one can call them that) will not be releasing any audit for MSYS just like they did not for DVRG as they will be taking it private.