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These people are dirty scum, especially that ba5tard Brandon, I can only hope all their brake pads are unknowingly
94.5% diluted too!!🖕🏼
So my "wild guess" of the directors diluting investors by 90 plus percent was not far wrong, after all its what they do over at Deepverge, and companies before this one!!! surprise surprise and yet here we are on the forums somehow trying to say its not too bad now!! WOW!
And we are also suggesting they can fix their reputation! I cannot wait to see what trick they have up their sleeves for that. For those old enough, in the movie Pretty Woman Julia Roberts to be fair turns around her reputation but that was Hollywood! Ill have another wild guess that "certain directors" and "existing investors" will be taking a nice chunk of this rodent infestation of a company with their Deepverge assets they got for nothing, albeit the uninspired and boring quote from Bob Moore has me feeling nostalgic about the good old days of the pure lies and clinical deception from Gerard Brandon and Nigel Burton when they were being quoted, so much more exciting when its thick and deep b^llsh%t. We might miss that PR going forward. PR is the word right, lets wait for Turner Pope to do their "PR".
In 1894 in the third plague pandemic, instances of the plague that first appeared in 1855 (long time before), had made its way across China to Hong Kong. The disease spread mostly along trade routes and the bacteria was officially identified scientifically (it is a science company after all!). Four years later, the brown rat was discovered to be the primary host of this deadly disease, but fleas were yet again the vector. I'd take a leveraged short on this when it opens for trading!
I thought the lot had gone, so I’ll take the 94.5% dilution. It’s by no means right but better than nowt!
On the plus side, MSYS has now - hopefully - sufficient cash, lower opex and a bigger business.
We will see how things play out in the next few weeks.
I'm not happy either LT. Especially when our shares were consolidated down and the new shares according to the rns is more than I worked them out to be. 6.36b consolidated by 6.25 should of been around 101mil. Not sure about my maths there. Correct me if I'm wrong.
They have alot of serious hard work to fix their reputation imo and I hope new business comes through for the Modern Water and microsaic equipment to raise the sp again. At least having acquired Modern Water, it should avoid future result issues (stills no results yet)
So, we own 5.5% of new MSYS...Much much worse than expected.
Mkt cap around 2mln at open tomorrow, so 1.5p per share if we are lucky, 2p if someone pushes.
All being well in the fundraising etc. on Monday afternoon, we will then see Tuesday morning how it looks for the opening sp. I'm expecting it to be low imo. But we just have to wait and see
Not long left until Monday evening; still waiting to see the dilution factor.
Looks like my shares got consolidated already?
Got 1 share for every 625 I hold.
Anyone else had the same ?
I see fraud used alot here. If this was the case 1. Bank accounts would be frozen 2. Official press releases would be available to view 3. No way they could rejoin Aim and 4. Why hasn't action fraud been let know. There seems alot of chat here and inside details. You can pass this to Action fraud. I'm not way sticking up for them, but rather than post here, pass all the knowledge onto the press and police. Fraud is a crime and not civil
@melanocytes well said indeed.
Non of these are shareholders LT. New shareholders must make up their own mind and own research and not take advice from non financial advisors. We can't advise people what to do and all in our own opinions
That's also possible, maybe the new investors will get the jitters. If they invest 1mln, I guess they will be aware of the risks and will compensate by diluting us, existing holders, to the maximum.
I will give the bear case, since all is forgotten and we are in a mood for a laugh. How about this. Turner Pope come out with their newsletters once again on foot of the new deal and lie to their investors once again knowing that MW is just a few shipping containers in Glanaco yard in Cork Ireland with no staff and serious financial fraud as per the "incorrect" accounts in 2022 that were designed to pump the share price, and they get investigated and shut down. Then the "new" (that's the big giggle) management of Microsaic pump out their fraudulent RNS's (something you refer to as "spin" but its really "fraud" when you are deceiving public shareholders but that is semantics and lets not get into semantics) and ex employees just say enough is enough and send them to jail by whistle-blowing.
Just having a laugh here, as you rightly say, anything is still possible , new year new beginnings. But what is not new is when you add a company worth nothing with no value, product or talent to shipping containers the answer is zero. You gave the bull case so just giving the bear case, for a laugh that is. Let's see which way it will go when the dice is rolled. The Irish luck might be in for 2024!
Do not be fooled again read: "https://uk.advfn.com/stock-market/london/microsaic-systems-MSYS/share-chat"
I could do with a laugh this year LT ;-) Nice workings out by the way
Sol,
Just for a laugh, if the new guys get 10mln shares, so they have 50% of the new MSYS (and 20 mln total shares), then at 2mln MKT cap the new SP would be 2mln/20mln i.e. 10p;
If, for more laughs, the new MSYS is worth 4mln on Day 1 (because of fantastic spin by TPope, new Management etc), then you are laughing all the way to the bank, because the new SP would be 20p.
So you see, the SP on Day 1 can range from 2p to 20p; hence, we need to know the dilution factor first, before making more reasonable guesses.
Sol,
10 mln shares PRE-Placing; Mkt cap before suspension was less than 500k;
new guy/s will throw 1 mln in, implying a POST-placing Mkt cap of 1.5-2mln (at mkt open), depending on the market's reaction; Co assets will then be 1mln cash + 1mln Book Value for MW; so the Market may decide that the new MSYS should be worth eg 1.5mln, 2 mln, or more (depending on what value, if any, they ascribe to the new enlarged business;
So, the POST-placing Share Price will depend on the Mkt cap (unknown, as above) and the new total shares' number (the dilution factor); if, for example, the new guys get 90mln shares (i.e. a dilution of 90% for us), and the new mkt cap is 2mln (optimistic assumption), then the new SP will be 2mln/100mln i.e. 2p.
Thankyou for reply drdoolittle45
I noticed they were consolidated down last night. Still no idea what the opening price will be. Though I can't imagine it will be too low with around 10mil shares in issue now. 6.36bil/625 consolidated
20th Dec 2023 Alliance News
Microsaic signs exclusivity agreement for DeepVerge assetsWed,
Microsaic Systems PLC - Surrey-based developer of real-time mass spectrometers - Says it has entered an exclusivity agreement with DeepVerge PLC, a Dublin-based environmental and life sciences firm. The agreement will grant Microsaic a period of exclusivity to purchase certain assets from DeepVerge's Modern Water business. The assets mostly comprise equipment for the lab-based manufacturing of bio-reagents used in related water testing equipment. These included all IP and rights related to the testing equipment including LX, FX and continuous-toxic-measuring machines, and water membrane technology. This exclusivity agreement follows Microsaic's offer to purchase the assets and their rights for a payment of GBP100,00 in cash, payable to DeepVerge upon completion. The exclusivity period runs until January 16, 2024, the signature of a legally binding sale of the assets, or the cancellation of the proposal by Microsaic.
Microsaic current stock price: Trading suspended since July 3. Last quoted at 0.01 pence per share.
12-month change: down 99%
Consolidated shares in today .
Bought this 6/6/2018
Another AIM loser .
Still breathing, albeit oxygen is running low; few more days then; deadline is 16th January for the Acquisition, but we may have news before this.
LT, have you noticed your shares have already been consolidated? Just noticed mine now.
Just have to see if they are going to delist or not tomorrow or in the next few days
Yes sol001 tomorrow you will know if your shares can buy you a bag of Irish Tayto's, surely the only thing we need is a full third party audit of the accounts so we can see where the con between Deepverge and Microsaic took place in 2023 and 2022. That is the only thing I am interested in and not the new grease man that is coming in to lube up some new Turner Poop green investors.
At least we know by tomorrow and if there is no news tomorrow, I have no idea what is going on. We are kept in the dark as per usual