Microsaic Share Price (MSYS)

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.

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

Only mischief!

I don't think the company has ever not been.

The people running it however prove to have never been on the up.

Are things on the up?