Member Info for mugginsthedog

HSD - we should all have bailed when Mrs GB bailed, that is true.

Are you really saying that GBs presentations were BS? I think that you are and, frankly, I completely agree with that assessment. He has not hit a single one of his targets from the December 2021 presentation. Equally he told us that we would not be doing a fund raise, even though it was clear that we would need one. It all rather begs the question how much can you believe?

Iamad - given that the DVRG SP has fallen from 78p to 22.50p but is amongst the better performers in your portfolio then your portfolio must be absolutely catastrophic.

Coolcat - it is indeed 15 years of poor management.

All the best

Ratty rather than try to shift the focus to me perhaps you should shift your focus back to the matter in hand the management of this company. By any standard management is clearly failing and that is reflected in the SP. get real and focus on that and spend less time on your diversionary tactics and irrelevant ‘research’

Ratty you are so naive it is painful. GB has missed every deadline he has ever set.

The breathalyser was a key part of the cruise line strategy and was 'sorted' and due to be commercially available Q1 this year. No sign of it - indeed the time frame for its delivery keeps getting pushed back. Will it ever be ready? I am increasingly sceptical. I thought that waste water detection was a great bit of tech and we were told it was only a tweak to the existing technology. No evidence of any great sales interest there either though.

Numerous posters were forecasting 2021 sales of £20m and up. I do not think that anyone still believes this after the terrible interims. Similarly I have grown increasingly bored by the posters forecasting a knockout RNS everyday, Hutchy was at it this morning. Perhaps rather more on this BB should reconnect with reality and admit that they have been had as they increasingly looking as if they are mug punters. Perhaps they should spend more of their time encouraging the BoD to bring in management who can actually deliver and commercialise the great technology.

Ratty - we do not even have a product, indeed we may never have one suitable for anyone including the cruise sector, so even if there was regulation shortly there is no reason to think that we would be part of it.

GB was full of the cruise sector in December 2021 but he is getting ever quieter about it as reality begins to dawn. As ever jam tomorrow. He just teases the mug punters with the next potential breakthrough and when that does not happen he will no doubt move on.

In the meantime he is busy promoting MSYS no doubt getting ready for his next free share payday for him and his city mates. The very same people who are continually selling their free shares. The PIs have put their hands in their pockets and paid real money for their shares. GB and his cronies get them for free. It is about time that the BoD put their hands in their pockets and bought some shares in the market to show their confidence. Equally if TP and his other city chums are selling perhaps it should be suggested that they stop as it undermines the credibility of the SP forecasts. Why sell at 24p when you can sell in a few months at 80p or beyond.

Ratty, you have once again highlighted another DVRG failure with your so called ‘research’ by giving another example where GB promised us contracts and has failed to deliver. The cruise sector is getting back on its feet again and seems to have decided that it does not need DVRG’s solution. No doubt that is in part at least to us not having a solution to offer as the breathalyser is still going through testing, and the timetable keeps getting pushed out, although we were told it would be available commercially Q1 2022.

Great tech but a management team that fail to deliver time after time.

HSD - thank you you are exactly right.

I am completely frustrated by a management team who seem incapable of delivering on excellent technology. With decent management this could soar. Time for change

As ever Ratty has no answers to the issues that a multitude of posters have raised. He responds either with useless drivel masquerading as ‘research’ which he generally repeats ad nauseum or personal abuse. Seems that he has chosen the latter route this time.

Perhaps you should instead focus on why the market is taking the SP down? There are numerous reasons for it which halve been clearly laid out. Rather than being a GB apologist can I suggest that you focus on the real issues rather than your normal flim flam.?

If you care to look you will see that I have answered this question on numerous occasions. I am invested.

The company has great tech but terrible management. Please can we get a competent team to commercialise the technology?

Since when is a 6% fall a 'tick up'?

MSYS down 10%.

The market has seen through him

NU you are quite correct you buy your way in and select your guests. I am surprised that some are so naive to think other wise.

Rather worrying that GB spent so long talking about this ridiculous event during the half year results. Is this really all he has to talk about. How about some details on relevant issues like how many STC kits have been sold at full price?

Paul - you do not really think that Reuters have asked GB because they value his opinion!? The only reason he is there because he has PAID for the slot. DVRG are a sponsor therefore they get a slot. Simple.

Rather wasting more money and time perhaps ne would be better off getting some sales in rather than trying to puff himself up even further (if that is possible)

GW - I have set out on numerous occasions the problems with the company. GB has simply not delivered what he promised in his December 2021 presentation ( that has been set out in detail), he said that there would not be a fundraise (and from the subsequent financials it was clear that without that fund raise the company would be in dire straights) and there was, at the present rate of spend it will need more cash in a few months, Mrs GB sold shares, there is a constant seller (who we do not know but suspect that it is TP or one of GBs city mates selling down their free shares), the breathalyser (where GB spent a whole presentation on) has gone from due to hit market in Q1 2021 to ongoing research being deferred time and time again - who knows if it will ever get there, no new orders, no significant waste water monitoring sales and buying a pup in MW, all the while management focus's on MSYS or other irrelevancies. That is just a small selection off the top of my head.

No wonder the SP is continuing to fall and I can see no reason why it will not continue to do so especially as people look more closely at the interims.

GB promises jam tomorrow. He has lost focus not just within DVRG's portfolio but his time on MSYS when it is all going to sh*t here is unacceptable. We need a more grown up CEO who can deliver commercially.

Ratty you really are clueless about the MW acquisition. At the time of acquisition MW was effectively bust. It had already put the two main subsidiaries into liquidation. None of the unsecured creditors was paid - feel free to check in Companies House (that would be real research though which seems to be beyond you). As these subsidiaries were the main employers the staff were terminated (and most did not get paid). Therefore there was no management team or experience left.

I have no doubt that this is one of the issues that is saying on DVRG SP.

GB was aware of this as he was Chairman and was in this position for the worst ever year for MW with its worst sales and operational performance. Perhaps he was so keen to do it because he received a whole bunch of free unearned shares? Even you Ratty should be able to spot that conflict of interest?

Sipps - GB promised us jam TODAY but has consistently failed to deliver. Look at his December shareholders presentation, he has delivered none of what he promised the. I will not apologise for pointing this out.

I do not trust the management team as they have not delivered what they promised and looking at GBs Alltracel history this is not the first time he has not delivered.

Cool cat - looks like you made the right decision.

It is quite remarkable that a few on this BB continue to deny what is obvious to the market. To think that GB calls loyal long term PIs ‘rainbow chasers’ when his city chums have been selling down at every opportunity.

Paulcon I have no doubt that a fund raise will be required latest by the middle of next year but probably rather earlier. This is what I said at the interims;

Cash
DVRG started the half year with £1,441 cash. They ended it with £7,589k. However they raised £11,315k during the half year. Therefore they ate their way through £5,167k in 6 months. This is an astonishing amount. How GB can claim that they did not need to do a fund raise earlier in the year is absolutely and unambiguously proven to be wrong.

At their current cash run they only have 8 months of cash left. But, the full impact of all the new hires is likely to increase the cash burn. They will need lots of new orders to compensate for that and at this moment there are no signs of any new orders.

When I said a few months ago that DVRG would have to do a dilutive fund raise I was given the big raspberry by many on this BB. It is blindingly obvious that another is almost certainly required. However, the SP is lower now (and will probably sink further given the terrible results) and any fund raise is likely to be even more dilutive.

It would be nice to think that some of the new products, which we were promised would be available on the market by now such as the breathalyser, would come to the rescue with some sales but it appears that this possibility is being pushed further back.

Turnover is vanity – cash is reality. On this basis DVRG will face its own dose of reality rather sooner than anyone was anticipating.

Understandably as the more financially literate digest the interim results and appreciate the utter lack of progress and compare what was promised to what has been delivered the SP has continued to fall. Unless they land some orders and sales there is no reason to believe the SP will not continue to fall. It has gone from seventies to mid twenties and I fear towards teens. Looks as if only ratty is happy with this SP performance.

GB and co have ramped this but have not delivered. Don’t blame me for pointing out the obvious but perhaps a few on here should ask a bit more of management?

I suspect that you have more chance with Scarlett Johnson than GB has in getting sales in Asia