The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The only way we can have any transparency is have the accounts published
The BOD wont want this as will leave them open to fraud for providing false information for us shareholders worse scenario is Deepverge gets carved up and sold for peanuts by this board it is preferable to me that this BOD and ex CEO should not be allowed profit from this sorry story.
It would be preferable for external auditors or liquidators to take over......it dosent wash that they havent had time to produce the accounts........will there be an EGM/AGM
For me i would settle for full dis-closure and seeing a copy of the accounts would be a start
Shareholders were most definetly defrauded.........getting re-course in court or proseccuting b. oard members criminally very difficult................
The one area where the board acted fradulently was prior to 2021 placing of shares @ 30 in March 2023......An RNS claimed to have signed a memorandum of understanding with the chinese corporation this was a falsehood . There was never any agreement or memorandum of understanding and the fact the board clained in a RNS there was . was criminal.
Thanks all for your messages and opinions..............The board of directors and Brandon as CEO have brought us to the verge of bankrupcy and a decimated shareprice with the propsed diluition of shares and outstanding warrants mean even with an honest and hard working BOD working in the shareholders interest a very slow recovery...........Unfortunately at DVRG we have a collective group of Thieves and Crooks which we have evidence of their actions with disposals / share compensation /riverford agreement......We can thank muggins for highlighting the ALTRACEL sale where Brandon sold out the SHs to benefit personally .
With this board in place we have zero chance to realise fair value for our shares.
Corruption against a BOD in UK /IRE is almost impossible to prove in courts.
One avenue is if we could prove the BOD issued a false or mis-leading RNS which which mis-lead investors.......I have no proof but am of the opinion the MOU between DVRG and China Resource Group never existed and was a figment of Brandons imagination..
It was this MOU that facilitated the 10 million placement and the takeover of Modern Water......Has any shareholder ever seen the actual agrrement (MOU) is there any way i can get a copy of the agreement
Morning
I don care if this turns out to be a 3* bagger or a 10 * bagger they can do it w/out my cash.
Is the placement a done deal............is the finance in place to take up the shares been issued.
@Happydays ...........BOD and Brandon def. Corrupt...........I,ve seen this before with a company Ormonde Mining took out a similar loan which terms favoured the lender Oaktree and the SH got royally fc**d.
The only thing i dont understand was in the past 18 months a few insider buys but maybe they were supporting the SP.....Dont know how Brandon and the boys will be payed off but exspect the company to be split with Modern water being the Jewel and where the real value is
I am 100% certain the BOD have and continue to criminal and fradulent actions against Deepverge shareholders to benefit themselves and associates since the formation of the company. Dubious disperals of associate companies to paying the CEOs wife a yearly allowance for nothing the list is endless.On the 28 th April 2021 prior to the 10 million placement at 30 p /share Brandon the CEO at the time made a statement regarding a MOJ with China Resources.Today, the world needs big solutions to solve giant societal environmental problems. This joint venture is the most efficient route to deliver our world leading water technologies throughout the 23 provinces of China. A joint venture with a division of one of the world's largest natural resource groups can meet the growing demand for manufacturing and assembly of existing Microtox and Microtrace equipment for environmental monitoring across the rest of the world, that is struggling to manage a global health pandemic. By partnering with China Resources we can futureproof DeepVerge as a leading innovator of smart environmental platforms with AI, equipment/devices and network management software capability."I have no doubt this was complete bulls**t and used to mis-lead investors to take up the placement. This is the angle i think we could pursue a class action suit.Under "THE FREEDOM OF INFORMATION ACT" am i entitled to pursue the company for a copy of the supposed agreement ?My 2nd angle would be to demand what services Dagmarra Brandon provided to the company or was it just "pocket money" as it appears but i feel even if proven Brandon would just be forced to refund the money but I beleive that if Brandon and the board of directors mis-lead the share-holders regarding the China Resources MOU.....we have a winnable class action suit and at worst can get rid of present board
Hi DVRGers bit of hope today following RNS today.
The RNS highlighted payments made to Medinova and the subsequent disposal of the subsidiary for no consideration and the annual payments of 30k per annum to Dogarra Brandon for intellectual assistance( Bit vague).
I would say that there are other dubious transactions namely the disposal of Visible Youth for zero consideration
"On 2 May 2019, the Company disposed of its subsidiary Visible Youth Ltd. to Enhance Skin Products Inc. for zero consideration. The
sale includes the two subsidiaries of Visible Youth Ltd, Visible Youth Ireland Ltd and Integumen, Inc. The Visible Youth companies
(“Visible Youth”) own the rights to a range of female cosmetic products. As part of the sale, the Company agreed to settle certain
Visible Youth liabilities of £557,000 by:
- arranging cash payments of £226,000 and
- issuing 23,637,429 ordinary shares of 0.01p each at an issue price of 1.4p totalling £331,000."
The RNS today highlighted the fradulent payments to the CEOs wife signed off by the board and earlier payments to Medinova and the disposal of TSpro
This company has since its inception been used by G Brandon and his cohorts as a personal ATM machine.
I propose at the EGM we oppose allowing Gerard Brandon remaining on the board. While Mr Brandon remains on the board we will never have any transparency or investigation into the BOD illegal practices