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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
Re Cash, the Co had said a few months back that:
"Microsaic has cash of £0.8 million as of 17 April 2023 and is due to receive R&D tax credits in respect of 2021 and 2022 totalling circa £0.5 million, as well as the outstanding DeepVerge balance of £1.4 million."
From mid April to mid Sept, 5 months have passed; either the Co is burning 100k per month, or (if they received the Tax credits of 500k) 200k per month.
@whitecells
I said potential dilution 50-80%, happy with 50%. If it's 80%, then 90% is not far off; it all depends on who the new investor/s will be, what margin of safety they want and whether they believe that the "innov. products" are not the usual hot air or real; so, nothing is certain, including whether funds will be raised;
The only positive from the RNS (if it can be relied on!) is the mid-November date they specify; we will see if they will stick to this timetable.
You seem to know alot whitecells. Tell me and shave about what the proteinID tech is all about and the acrylamide? How do you feel about Bob?
They say he resigned hmmm, how he was still there in the first place is weird right after he tanked Deepverge and released fabricated RNS after RNS after RNS. Resigned means more tricks to come @whitecells as you are alluding to I imagine.
@sol001 I have written clearly on this topic of the management of Deepverge (or lack of) a number of weeks back and so have plenty of others. All the RNS posts are completely, well made up actually, and because Microsaic has been essentially run by the same people as Deepverge for a number of years now unfortunately the RNS posts here should be taken with a pinch of salt and are in complete coordination with Deepverge. For example all the linkedIn posts you quote like this one https://uk.linkedin.com/posts/microsaic-systems_microsaic-overview-activity-6958738290917138432-hOGZ are written by Louise Doyle, this is Gerard Brandon daughter, pinch of salt required.
@snowboots the dilution should be an issue for you, despite your mental model that you have created in terms of feeling like anything at this juncture is a gain. You have been lied to over and over and your initial investment was not put to any good use whatsoever so deciding that anything from here is good is not a healthy attitude. Microsaic have still, 3 months after an audit should have been released, not released it, they never were even conducting it because the deal with Deepverge for "thin air" was such a sham. As others have said here no public investor should be involved in this company anymore, that is the best advice one can give, as there are many more interesting and legitimate risky options in the market if you are hungry for risk.
@LTBeliever any competent and mentally solid investor or backer in terms of finance at this point would not be diluting people 50% here at this point, they would be diluting everyone 90%+ at this point, because they can. That is how this will go, Microsaic is an empty shell, in the last few weeks the person heading up the magical "acrylamide detector" Alex Chapmann you will notice is missing from the front page of the microsaic.com website because he no longer works there. The acrylamide detector is a service (idea) that was supposed to be used for detecting acrylamide levels in coffee beans if and only if regulation is passed in the EU for this to happen, that is a long ways off and the market for this as a result is completely untested and no this process and service has not been built at all yet.
What makes me nervous for investors is when Microsaic say they need finance and Gerard Brandon is leaving (good thing he is but not so straightforward), Microsaic and Gerry want to buy Modern Water, but it looks bad CEO Nigel Burton of Deepverge selling Modern Water to himself and Gerry at Microsaic correct! So now we just need to see if Gerry leaving is for Nigel to sell Modern Water to Gerard Brandon and remember Gerard Brandon is a massive shareholder in Microsaic. If the finance deal involves Riverfort and Brian Kinane or Sure Valley Ventures and Brian Kinane or any other Brian Kinane finance company or debt company then remember this is Gerard Brandon. So lets just see who provides the finance here but the tunnel is long and very very
I agree snowboots; I'm hoping this will eventually go back up in time. Anyone know much about Bob Moore? What's he like? Will be interesting to see who will be the new ceo.
Same question as shave. I don't know much about the proteinID tech.
Not sure about anyone else, but talk of dilution at this stage isn’t an issue to me! I thought like DVRG my investment was, and maybe still is gone. At this stage something is better than nothing!
Anyone able to enlighten on the potential uses of the “acrylamide detector and ProteinID technology”? And thoughts on whether it’s all just hot air or has decent money-making potential?
Everyone has realised that Gerry is a crook and/or incompetent, therefore no new money would be forthcoming unless he was kicked out; unfortunately, it seems that he will get away with "stealing" MSYS' 1.4 mln that he gifted to DVRG.
1.4 mln is what MSYS needs to raise now and dilute us by 50-80%, if not more.
Mid-November is in 7 weeks so we will see what happens; hopefully, the new shares placed will be at a decent SP (i.e. ONLY a 50% dilution! ).
Good riddance GB you useless fool