REMINDER: Our focusIR Investor Webinar takes place TONIGHT with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
As another forum member pointed out, all social media posts come from Louise Doyle which is Gerard Brandon daughter so large pinch of salt needed. Currently nobody remains in Labskin to service any clients and also nobody remains in Skin Trust Club and nobody remains in Modern Water. All staff have been left go and Gerard Brandon and his gaggle want Microsaic to get it for nothing.
T Rat (wee little Gerry from Tom & Gerry) , again dredging up the chaff for folks from a year ago. Since a year ago I am afraid a lot has changed and Labskin does not exist today. Another fact you may have trouble swallowing.
We must read between the lines at this point. Andrew Waters came in as CFO to look at the books and sort things out, the moment he did in April he saw the total BS in the accounts and released this: https://www.lse.co.uk/rns/DVRG/2022-revenue-update-revision-we4hkfrrzhioxh3.html and he was being polite because who in their right mind gets their revenue wrong by100% for the year!!! So that 6.1 million contract is pure BS of course.
So Jez01 this is not a genuine contract if it was Nigel Burton would not be handing it over for 1 euro now would he! he is getting rid of this and hoping for the best that it does not come back to bite him in the ass is what he is doing.
Rinocloud will not be charging anyone for their services. As was pointed out in the forums, Tony Ryan is related to Fionan Murray, this is a family deal so it stays between family. As I say read between the lines!!
Boombag , you may need to start following the news a little more.
1. MSYS is run and managed by Gerard Brandon and Nigel Burton , the same people who run DVRG. Everything is not good!
2. MSYS contract with DVRG is total frabricated nonsense and not worth anywhere close to 1.4million this was just created to extract money from DVRG into MSYS therefore MSYS would not be buying any debt as you suggest, on paper it might look like that but MSYS is as badly and fraudulently run as DVRG is.
3. DVRG is not going to release a set of audited accounts, they never intended to. Neither will MSYS.
4. Read up on the last few posts in the forums on DVRG: https://www.lse.co.uk/ShareChat.html?ShareTicker=DVRG&share=Deepverge
MW going to MSYS in lieu of the debt will be next.
AnonymousCoward: GB, after becoming CEO at MSYS, on multiple occasions told staff at York that he had no interest in labskin or STC and his plan was to integrate MSYS and MW then sell off labskin and STC. I would not be surprised to find the last twelve to eighteen months have been a deliberate act to engineer that outcome as cheaply as possible. Also Fiona Joyce resigned as DVRG company secretary and where is she employed now? Microsaic, along with John Clarke, the life long friend of Camilus Glover that was brought in to 'manage' the York site and proceeded to destroy two years of hard work by the management team who had just about got things on an even keel. His behaviour also resulted in the company having to pay off a senior staff member to avoid a law suit for bullying, harrasment, sexism, unfair dismissal..
and also from the user whitecells:
anonymouscoward thank you for your clarity. you forgot a few things on this specific "deal"of giving away glanaco for 1 euro.... i will disclose...
t. rat says "don't think anybody is going to be surprised with that update..." however he does not add context unfortunately, so i will. back in march 2022 fionan murray and gerard brandon acquired glanaco https://www.lse.co.uk/rns/dvrg/acquisition-loan-facility-for-global-expansion-eue35leih3kltrs.html for £1.08 million comprising £0.65 million in equity and £0.43 million in cash and you have to remember that tony ryan the md of glanaco ltd is fionan murray's relation. yes they are related and yes fionan murray is still a director of rinocloud. now just over a year later they sell it back to fionan murray relation for 1euro, now i amsure those un-audited accounts are all clean as a whistle but it would be great for someone to take a deep look at them now that the new cfo andrew waters has run away.
so when t. rat says "don't think anybody is going to be surprised with that update..." he is right now, nobody is surprised!!!
also when we speak of family ,and family is important do not get me wrong here, the only people promoting modern water right now is t. rat when he quotes gerard brandon fake news tweets repeatedly and also on social media louise doyle, who is his
the irony ,t. rat, the irony
1. stock suspended.
2. all staff let go with unpaid wages, no redundancies, no holiday pay.
3. false 2022 accounts by 100% and full of bs about pipelines
4. stock down 99.something%
5. worst glassdoor reviews anyone has seen.
6. every single private investor including you burnt alive
7. bs rns after rns.
8. and by calling you gerry you think i'm referring to a former ceo somehow (dot connecting going a little far don't you think), i just thought tom and gerry, the spunky mouse, the little rat character in that show, t. rat / mouse, paranoid much jumping to defamation, maybe you are too young to remember that show tom and gerry ;)
and t. rat (wee little gerry from tom and gerry i like to say, maybe others in this forum refer to you affectionately by gerry to from tom & gerry who knows) is posting "good news" or saying things like "fantastic! perhaps amongst the greatest of the sins of the former ceo was a failure to be ruthless enough" (read up, maybe the first 7 points here are his sins and not some stupid business term like being ruthless) in an internet forum calling this mere mortal an idiot!
you post bs, we fact check your bs, do not underestimate here, you would not know the meaning of the word ruthless and nor would gerry, but that lesson is coming. all the paddies are off now on the **** for their long weekend no doubt, enjoy!
You are reaching significantly Newuncle!! :) Gerard Brandon Fionan Murray Nigel Burton never set out to build something successful and never have. They are con-men as you pointed out, a conman works on story telling, observe the art: https://www.youtube.com/watch?v=CYBU1Ib8idU
T. Rat (Gerry) allow me to fact check your BS.
Andrew Montone was the operations manager over at Modern Water before leaving Modern Water and Deepverge in February/March of 2023. Now there is nobody left in Modern Water, they all got the door, its a hollow vessel of BS and Glanaco is a street cleaning company and does not know the first thing about Modern Water and probably wished they never heard the name Modern Water.
Glanaco Ltd or Glanaco Services Ltd, whichever one DRVG did buy is doing nothing, the other Glanaco is operating as a street cleaning company and this BS you post here:
"Glanaco, a subsidiary of DeepVerge acquired in March 2022, has secured a €10m (circa £9.3m) order from an existing customer in Central Asia for the design, assembly and supply of multi-function mobile equipment for use by municipalities for applications including cleaning, decontaminating, de-icing, and salting streets and public areas, with relevant data generated by the bespoke software designed by the Company's subsidiary Rinocloud. https://www.lse.co.uk/rns/DVRG/significant-contract-win-and-board-change-erqqaljf5n0i47z.html"
This has nothing to do with Modern Water and Andrew Montone firstly. And secondly this exact paragraph you post is from the made up revenue overstated in 2022 by Shiv Rawal the accountant working the numbers at DVRG and its group of now empty companies. This has already been proven otherwise in an RNS here: https://www.lse.co.uk/rns/DVRG/2022-revenue-update-revision-we4hkfrrzhioxh3.html DVRG didnt even do 8 million in total in 2022 never mind Glanaco doing 10m March of 2022 and yes I am not factoring that this is future earnings because every single thing out of your mouth is BS and everything in the RNS is BS.
Also there is no bespoke software that Rinocloud designed, again pure BS which tanked the share price. Uzbekistan, Turkmenistan, Afghanistan or Chernobyl do not need this BS or you posting it again and again. The dates by the way will matter in court, they will matter significantly! That was the only factual piece of your post that was needed and you even f*&ked that up and decided to ignore them so suit your PR.
If modern Water has the value left why are they not paying their staff???
Yankee there are 2 Glanaco companies owned by the same team https://www.glanaco.com/about/ and Managing Director Tony Ryan. Glanaco Ltd which DVRG acquired and Glanaco Services Ltd which DVRG does not own. Glanaco LTD and Glanaco Services LTD are one in the same, they are not an engineering business, its a street cleaning company. All the recent business of Glanaco is going through Glanaco Services Ltd of course and I wonder why!! Murky is a good word but its all getting very obvious now.
Which Glanaco in Cork is this? Glanaco Ltd? Or Glanaco Services Ltd? They are both owned by the same Team and Tony Ryan is the Managing Director of both https://www.glanaco.com/about/ however DVRG only bought Glanaco Ltd. Interesting.
Amazing Modern Water is doing all these deals with all their staff gone!
You are right its fraud.
Do not forget the overstating of the accounts in 2022 by 100% and also the new BOD actually still retain Shiv Rawal and Camilus Glover in employment.
Also the RNS stating that Deepverge acquired Glanaco, however we do not know if its Glanaco Ltd. or Glanaco Services Ltd? Why do 2 companies exist.
Also we all know all staff are being made redundant, again that is not true, they are not getting their redundancy they are owed, they are also not paid for July which is their legal right. Again the current BOD should have managed that better and made sure to not have them work July if they could not pay them for July, that is an issue for the courts.
The list will go on...
Well said LT, at this point its about getting far away from the conman Gerard Brandon and his Gang and warn everyone and their dog not to touch anything he is involved in. Next few months the real truth of this emerges one way or another and hopefully the courts will deal with this properly. Sol if you are not Gerry open your eyes, anyone saying Gerard Brandon and Nigel Burton did anything but assf*6k everything for the last few years is honestly clueless frankly. I was duped here but its a mission of mine and many others to never leave that happen again. Ever!
Gerry my share allocation is none of your concern. You should be far more concerned about other things. However if only these journalists were a touch more curious and just did a little more digging https://www.lse.co.uk/news/DVRG/deepverge-chief-financial-officer-andrew-waters-leaves-troubled-firm-93n8nvk2dlt56ph.html then it would be far more interesting. But yes yes you did a great job in DVRG and continue the good work now in MSYS. Mr. Waters should have tidied up your mess a lot better, all his fault, pathetic, honestly.
Imagine saying Gerry Brandon was doing a good job and not looking around you at the other mess left in his wake! Digging anyone our of any hole :) I can imagine Gerry Brandon saying it but anyone else, my god. Sol is indeed GB. I did think T Rat was Gerry Brandon, but maybe that is Fionan Murray. Maybe Gerry Brandon is Sol and T Rat. You just never know do you ;)
Sorry Sol I think I need to just re-read and question what you just wrote!!!
Did you say your surprised Andrew Waters didn't sort our DVRG after coming in around Feb of 2023 after Gerard Brandon had already lied about everything in 2022 including the 2022 accounts etc? Can you tell me and maybe Mr Waters what you are surprised by? How was Mr Waters going to magic away Gerard Brandon and Nigel Burton literally falsely stating they did 100% more revenue than they did in 2022?
Then you amazingly go onto say GB took over microsaic and he did help them out of a hole :) I have seen T Rat and others say some masterful nonsense on these forums but that one takes the biscuit. Gerard Brandon and Nigel Burton signed a deal with DVRG (which they ran), there only deal worth 1.4 million knowing DVRG was a sinking ship after they assf*7ked it so hard and that was an extraction mechanism to get money out of DVRG into MSYS. That you call helping MSYS out? That is the definition of putting MSYS in a hole, infact such a hole they are de-listed as a result and cannot even produce a required audit.
Sorry just looking for even a shred of credibility in your statements here. Thank you
Staff are currently using the WRC (workplace relationsin Ireland) and UK staff the equivalent in the UK to pursue their right to wages for work done, redundancies and holiday pay. Of course key private investors are contacting grant agencies and the agencies like Enterprise Ireland etc to make sure they are aware of the situation on the ground. Suppliers are all suing for services not paid for. Of course private investors should seek legal action of their own if they want to pursue the matter further.
Seemingly a 3 man band,
Gerard Brandon
Nigel Burton
Fionan Murray
Maybe they are the same man however. If they could please release an RNS confirming their proof of humanhood that would be appreciated! It would be the first truthful RNS released in 2023
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...
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.
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.