Member Info for LTbeliever

Mkt assumes the worst, until proven wrong (on 30 June hopefully).

Until then, this is either a value trap, or the bargain of the decade!

50k pm is my assumption but in any case, we need to see the agreed Settl plan, it may stipulate bigger amounts in H2 and full pmnt, for example by year end.

BTW, monster trade in DVRG after close, 10mln shares @ 0.57p; let's a good RNS (big contract), involving MSYS too, follows soon.

Good omen for tomorrow?

NU,

it asks for experience in crooked plumbing...hard to fill this vacancy, only one guy exists with such credentials :)

It looks like that it was all BUYS after the 2 big sells of 10mln and 7mln; so, people are still buying. IMO

With respect to DVRG, 1.5mln was the o/s amount at y/e 22 and 1.4mln at the April RNS, so it's reasonable to assume that the settlmnt plan currently covers payments of about 50k per month; if I am right, on 30 June the o/s debt will be around 1.25mln; hopefully, payments will increase if DVRG's fortunes improve.

I think there are currently 2 schools of thought;

1. people think Gerry is a cro-k (he is!) so there is no hope for the share, so selling is the first reaction;

2. people consider MSYS a gem, seriously undervalued but badly managed and waiting for some numbers before they jump back in.

IMO, 30 June will indicate which of the 2 above is more valid.

Well, maybe this is not significant but if you look at MW's LinkedIN page, there are a couple of vacancies for the Chinese operations.

As long they can pay MSYS in full, and soon, we will be happy :)

Hopefully, the Settl. Plan will be announced before the 30 June, just to give some impetus (much needed).

I don't know about that MTDog (plumbing).

Good plumbers are expected to unblock pipes, not do the opposite!

DVRG needs MSYS' services/product both for the Modern Water business (for example, the 10mln Central Asia contract, where 100 units will be produced by MSYS - from March 2023) and for Labskin (for mass spec. analysis etc); therefore, MSYS will continue to get money from DVRG as long as it's a going concern; we will know soon whether the cash situation at DVRG has stabilised / will improve.

Also, out of the 2mln pipeline in Q1 23, only 10% was DVRG related, which means new client orders (potentially) of 1.8mln (i.e. a bit less of the whole 2022 Revenues).

IMO, the Mkt needs to get some confirmation that things are under control and then the SP will recover; however, the silence on all fronts is making people assuming the worst (given Gerry's track record).

DYOR

Roley, IMO

1. 40% drop already has priced the 1.4 mln as a write off; hence SP could rise if Auditors sign off the settlement plan;

2. DVRG announced that Current Assets cover their CLiab, so again if Mkt gets convinced (one way or another) that finance will be available, then MSYS SP could rise.

Hence, most of the bad news is already in the SP; problem is, Gerry's ethics (lack of) mean that a surprise may still come at any time.

And from all the mess Gerry has made of DVRG, he has lost a lot of money there and MSYS is his last chance to make some back; so far, he is also messing MSYS about, so let's see if he can redeem himself on 30 June.

Assuming we had Sales of 2ml+ in 2022 (725k in H1 22, plus a min of 900k to DVRG in H2 22, plus to other parties), and we had a pipeline of 2ml in Q1 23 (not necessarily Sales, though) then - barring more nasty surprises by Gerry - on 30 June we could (or earlier?) get some positive surprises for H1 23.

Big unknown now (and this scares everyone) is how much of the 1.4 mln is MSYS going to get back from DVRG (and over what repayment period); if the Auditors approve the plan, with or without a "haircut", then we have some positive foundation to build on; however, 6 weeks is still a long period and many things can happen until then.

GLA

Nothing we, or the mkt, doe snot know NU;

And the guy mentions 0.4mln Sales in 2021, when it was actually 900k and 700k in H1 2022.

But i guess it's better than being slugged off!

Lack of news means people will assume the worst, especially given Gerry's "track record";

But - IMO - both the numbers for 2022, H1 23 and outlook for H2 23, once they are released in the public domain, will turn things around.

If DVRG also turn the corner and the Mkt is convinced that MSYS will be repaid in full, that will add further impetus; but until we get these couple of RNSs, nobody will give MSYS the benefit of the doubt (thanks to Gerry!).

Just IMO, delay could be because

1. Auditors need more time to check the DVRG settlement plan details (so, it could still work out positively)

2. Auditors are not happy with what Gerry is telling them about the DVRG settlement plan

3. other reasons, unrelated to above (good or bad effect, time will tell);

Might as well announce the H1 2023 Interims too!

The RNS had said Results by "mid May", so I assume Monday? 16 may is exactly mid-May!

GLA

True, let's hope that MSYS Audited Results next Monday will shed a lot of light on the 1.4 mln debt owed by DVRG; if MSYS' Auditors accept the DVRG debt at face value (i.e. no "haircut"), it will indicate to the Market that DVRG has the resources available to repay that debt in full. IMO

Their loss! :)

SP is rising NU, so it could be delayed BUYS, not sells.