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We'd be getting some updates soon on CTM reagents production, unit sales etc? According to this TP Note (FWIW, a bit dated from mid-Feb), things should start improving from H2 onwards:
https://www.turnerpope.com/wp-content/uploads/2024/04/1.-MicrosaicSystemsplc_19-2-2024_FINAL_BG.pdf
Some potential sources of cash/revenue:
1. Tax credit refund - 250k (but potentially eaten up by an LSE fine of up to £300k? see link to a similar case:
https://www.bclplaw.com/en-US/events-insights-news/london-stock-exchange-aim-company-public-censure-and-fine.html
2. 5 units shipped/invoiced b4 Y/E 2023, so maybe the £262k invoiced has been received already?
3. pipeline of 19 units at Y/E 2023, so potential sales of another 5-10 units in H1 2024???
4. £500k (see TP Note, page 2) from Qatar re installed (in 2022) CTM units' reagents?
5. other MicroTox reagent sales / consumables to existing base of MW clients?
6. Sulphate Reducing Bacteria Test kits ("SRB Kits")- "quality checking initial production of SRB Kits in the coming weeks, before making them available for purchase".
Quoting from the RNS re 2022 Results, "the Directors have included the expected cashflows arising from the acquisition of the trade and assets of Modern Water, which is expected to be cash positive within the next twelve months" i.e by Y/E 2024.
Also in H2 24, we should get the conclusion of commercial testing of ProteinID and PFAS detection technologies, with possible licensing deals.
Current Mkt Cap of 1.8mln is probably equal, or less than its Cash!
Note - my comments are for existing, well under water Holders (who already know about GJB's shenanigans etc) so please let's try to keep the BB on a positive footing.
GLA, DYOR
Some important news from the USA too, re PFAs regulations and USD 1 bln in funding for PFAs clean-up:
https://www.epa.gov/sdwa/and-polyfluoroalkyl-substances-pfas
"On April 10, 2024, EPA announced the final National Primary Drinking Water Regulation (NPDWR) for six PFAS. ...EPA expects that over many years the final rule will prevent PFAS exposure in drinking water for approximately 100 million people, prevent thousands of deaths, and reduce tens of thousands of serious PFAS-attributable illnesses. EPA is also making unprecedented funding available to help ensure that all people have clean and safe water. In addition to today’s final rule, $1 billion in newly available through the Bipartisan Infrastructure Law to help states and territories implement PFAS testing and treatment at public water systems..." The final rule requires:
Public water systems must monitor for these PFAS and have three years to complete initial monitoring (by 2027), followed by ongoing compliance monitoring. Water systems must also provide the public with information on the levels of these PFAS in their drinking water beginning in 2027. Public water systems have five years (by 2029) to implement solutions that reduce these PFAS if monitoring shows that drinking water levels exceed these MCLs. Beginning in five years (2029), public water systems that have PFAS in drinking water which violates one or more of these MCLs must take action to reduce levels of these PFAS in their drinking water and must provide notification to the public of the violation.
You mention in your post that its for underwater (nice irony after they bought a water company - I know you meant that! ;) long term investors and to keep things positive!!
Unfortunately that is not how this is going to work and it is not the fault of the BB members and investors. Just take a look over at https://www.lse.co.uk/ShareChat.html?ShareTicker=DVRG&share=DVRG.L to see that many many private investors are not underwater they were deceived and taken for a ride and completely wiped out by Gerard Brandon and Nigel Burton and their mates. So with that fact in mind, just because there is 1 RNS with a BS vague statement in it about cash in bank (anyone believe that - nope!) in 2024 does that mean all is forgiven. It is clear now that RNS after RNS is just a fabrication and why would we believe now in 2024 that Bob, who is best pals with Nigel Burton is cut from any other cloth.
What did George Bush once say "There's an old saying in Tennessee - I know it's in Texas, probably in Tennessee, that says, fool me once, shame on... shame on you. Fool me - you can't get fooled again."! so yes my post, this post is for the 99% of shareholders that were taken for a ride, and sold a pup like covid testing devices, and world cup water testing, and tens of thousands of sales of home skin tests and the list goes on and on and on. Anyone who wants to be a new investor in Microsaic (the new Deepverge) step right up and open wide as they shovel their RNS blended sh*t into you. Positive spin here is not helpful unfortunately, reality will help some thankfully.
At least someone reads my posts :))
I don't think there are "new" investors, just the underwater ones trying to get some oxygen.
Whether all the RNSs will be BS or not, IMO time will show and soon too - by Y/E all will be revealed.
This is just the same super dodgy management team. Even the dodgy broker, Turner Poop, is the same. It is clear that they lied and lied on RNSs and presentations and this time will be no different. Even the SP is collapsing like DVRG. No doubt Turner Poop is busily trying to offload shares before the inevitable collapse.
How long before it runs out of cash like DVRG? I give it a year unless they can find further mugs to prop up another deeply discounted rights, pretty much wiping out current shareholders (and that is the best case).
Someone who doesn't know the law. The RNS is released by the LSE. If they were to lie in an Rns that would be 7 years imprisonment. If you have solid proof of lies then report them to Action fraud . You seem to have all the facts to raise a case. Alot of companies are diluting their businesses. Look at the banks with all the closures and redundancies. The shops we used to know on the high St. Redundancies. Pubs are closing, people are shopping more online and not using cash as much. The reason the sp is dropping is the market. As I previously mentioned, if you believe there was or currently a criminal offence; report it and tell us what the outcome is. But you need solid evidence or the police will laugh you away
Muggins, LT, clearly you guys have been around a long time. Muggins thread on DVRG going back 5 years and I agree you are right to be sceptical and suspicious in your lack of faith in BOD. Are you sure NB was fully complicit in DVRG misdemeanours, hoodwinked by a crook maybe? He has a lot to lose not least of which is a lovely position at Blackrock and at 66 years old does he want to end his career with another DVRG failure or perhaps turn this one around? Bob Moore, similarly at 67 yrs old being variously described in his previous directorships as : Lawyer, Administrator, Co Director, Energy Consultant, Legal advisor, Barrister. Again it would be a poor ending to a career to be misleading the market with over optimistic RNS’s given the previous history with Brandon and for relatively small gain at massive personal reputation as cost. It’s an interesting play if nothing else.
LT, just for clarification, I know you have positive comments here.
Farmertel good points. I can't see Bob Moore as you said a lawyer misleading the market. He definitely knows the law
In my defence, my comments relate to RNS releases, outlook, cash flows etc; giving a "positive spin" to these should not be a crime IMO as, being a shareholder, one is expected to be positively biased (and dare I say, optimistic);
I understand the guys slugging off GJB, NB etc but it's caveat emptor; you buy a high risk AIM stock, you know the risks to your capital, IMO.
NB relied on his mate GJB and got wiped out (previous stake in MSYS), so maybe this time he'll be more diligent?
Bob Moore now owns 5%, Nick Slater another 5% and 2 funds another 15%; so, 25% of MSYS is owned by professional investors, 2 of which being insiders (skin in the game?).
Co has a captive market for reagents, from previously installed CTM units of MWater; US and EU law make PFAs testing compuslory etc; all these are positives for the business (not a "spin"); the past should guide us to be careful BUT NOT blind, IMO.
In summary, MSYS has a great future IF Management is genuinely interested in building the business and NOT being crooks; time will tell.
Good luck to long term, genuine, holders.
And one last point on Turner Pope; they are joint brokers and their Investor Notes make clear that they are NOT independent; so, yes, they have inside knowledge but they will use for their OWN benefit, not for ours; however, if you had read their January note, they mention a "potential CTM business of £350k in Qatar", whereas their February one (just 3 weeks later) mentions £500k on same matter; to me, this means they were briefed/updated by MGT about an imminent sale (with more accurate figures). See my initial post on this thread (25 April).
In conclusion, as shareholders we can discuss the potential of the business OR (as some -probably NOT holders) talk about the past non-stop.
I agree about the "new" investors, if you are a new investor in this circus you would want to get her head examined!
@sol001 didnt Deepverge have a lawyer running their RNS, did that stop them! And yes its an offense to BS investors, and those cases take a long long time to come to a conclusion, patience.
@mugginsthedog well done to you, you have been right about everything on the Deepverge bulletin boards over the years, literally everything, and that's despite being attacked repeatedly by idiotic comments by the dodgy management cartel.
Farmertel,
It's a researched fact that a lot of the "naughty" deeds are done by older people, who have the knowledge, experience and means to do them. If you were in your 60s and could ride into the sunset with a few more £m would you bother about what people think? Finance people, Blackrock et al are simply vultures with not interest in SH apart from being an ATM for more cash-aimple. Nigel Burton likes dogs, see DVRG, MSYS, MOS.... share prices over last few years. I'm a LTH who rarely looks in.
"Bob Moore, similarly at 67 yrs old being variously described in his previous directorships as : Lawyer, Administrator, Co Director, Energy Consultant, Legal advisor, Barrister." This is all admin experience, possibly useful in dealing with insolvencies, claims of mismanagement etc. What's his record on generating revenue? I'm a LTH.
Well, watwedontknow is whether or not these guys can turn this around. You’re right, having lawyer/admin qualifications doesn’t mean you have the deal making skills of Tiny Rowland but , call me naive, I’m giving them a chance. As I previously said, an interesting play if nothing else.
GLA
None of us here are financial advisors and only can give our own opinions. Don't always believe what you read here. It's always best to do your own research on official Rns/press news releases. An Rns can't be manipulated without being investigated by the lse and the law. If there has been any lies, it will be told to shareholders; but as yet, just speculation by non insiders.
If anyone has any recent official press news on anything good or bad, please leave a link for us all to see. Thanks ;-)