Member Info for mugginsthedog

Is this the same Trills who said on 24 May that there wouldn’t be a fund raise because they didn’t need the cash. Hmmm…. got that a bit wrong.

It is hardly a discussion board if different views are somehow banned.

To help new readers out Ratty produces endless streams of almost entirely irrelevant drivel which he seems to consider ‘research’. Generally these merely highlight how much DVRG are falling behind as other organisations get on with commercialising similar technology or highlight opportunities that DVRG have missed.

Like many posters on this BB he endlessly ramps the company forecasting endless multi-bagging opportunities (which never happen). He also gets very tetchy when someone has the temerity to point out the all to apparent issues with this company as do many other posters.

Where he is right is that I should indeed have sold up (as should everyone else) 9 months ago when the SP was 67% higher.

My error was believing Pilgrim without reading the RNS. I should have known how much nonsense he talks and should have checked.

It is pretty clear that shareholders have seen through the GB bluster, recognised the apparent lack of orders and JV delays and selling. Let us hope that this does not head back into the 20s.

I know that you are not very smart Pilgrim but you might like to think why the SP continues to head south rather than the continuing rather tiresome personal abuse.

For once you have actually apologised for one of your errors.

I recall that Helium sold shortly before the last big dip. Interesting that they sold shortly before the financials are released. Perhaps they know something that we do not. \\people have seen through GBs bluster and are focusing on the lack of orders and likely cash burn.

Are you still sure that this is not heading into the 20s?

NU - I would agree that there are some arguments for a placing (although on balance the counter arguments outweigh the benefits imho). However, the really concerning thing is that GB has kept on going on about there will not be a placing and has got very shirty with those who have suggested something contrary. To me this gives 2 areas of concern;

1. You cannot trust GB.
2. The underlying business is not performing. Of course, there is a counter argument that funds are required to drive expansion. We will understand when the results come out which it is. Given that there is no update on revenue forecasts (which are required if they change materially) then I fear the former. We will find out which it is when the results are out. I recall that there was an indication that the company was making operating profits in the final quarter but I might be wrong on that.

GB also told us on numerous occasions that there would not be a fund raise with further dilution and got irate when people suggested that it would be required. He misled us there to.

13th - are you sure about that?

Just wish that I had taken my own advice and sold 9 months ago when the SP was 57% higher

Pilgrim - I know that you are a bit slow but if you do even the slightest bit of research you will see on this BB that a number of posters were expecting an increase in forecast revenues. Perhaps this is an opportunity to go back to twitter as you keep promising.

The other interesting point is the obvious omission.

Many were forecasting a significant upward increase in the revenue forecast. Some on this BB were expecting an increase from £10m to £20m or beyond. However, the reality is nothing more.

Lets try and look at this objectively rather than through rose tinted glasses.

I confess that I thought that the waste water testing was effectively proven. It seems not and it has taken 6 months to get there. During this time others have caught up and overtaken us. A shame as this always looked to me to be the most interesting part of the DV portfolio.

Disappointed that there are no orders. GB has previously been very clear that we have lots of units to retrofit with existing customers. Yet none of them have made an order.

I am not clear why we have partnered with another company when we are supposed to have this installed customer base begging for the product. I thought that we had a team in place to sell and install – it seems not.

The choice of EPS Group seems rather strange. They are a smallish Irish based company. The vast majority of their work is in Ireland. According to their website they have only had one project in Continental Europe in the last 3 years. Their website only covers the UK and Ireland. How then are they supposed to service ‘clients across the European wastewater sector’? Looks more like a deal for Gerry’s dodgy mates.

And China is delayed. What a surprise (not).

It will be interesting to see if the market sees through this.

Ratty, this is all so irrelevant. All it shows that we are miles behind the pace and highlights that others are pressing on while we are stuck in neutral (or worse)

The more you ramp the more desperate you look. All the while the price slides. Down 40% in 9 months just proves how futile the ramping has been

Looks as if we are heading into the 20s.

We need some orders and whatever the excuses they are not coming. Without them we are heading below the placing price. We have had lots of JVs which have come to nothing.

Who thinks that this is going back into the 20’s?

Indeed the cruise sector was ‘the next big thing’ but it has gone ominously quiet. GB seems to skip from one thing to another without actually landing any sales or orders.

Unfortunately there is nothing to believe that the cruise sector has even heard of us and certainly no suggestion that they think that they need us or ant to give us an order.

Hutchy, the company is not growing. It has not announced any recent new orders nor has it increased revenue guidance. The only thing that is growing is the cost base.

Glebe, you are right. This is what I said on 3 June;

'NU exactly right. No progress and the NDA excuse is BS. GB has promised a lot but has not delivered. With the increase in costs a fund raise seems an increasing risk.'

Seems that must be clear enough that even Gidget can understand.

Chuck - excellent points.

GB has told us on numerous occasions that no additional financing is required for at least 12 months. Here are a few examples;

https://twitter.com/gjbrandon/status/1332991315815112706?s=20

GB posted something similar on this board on 29 November being exceptionally rude to someone who suggested that a fund raise would be required .

Here is another GB comment also from this Board

‘Top of Page 93 of the Offer Exemption Document has the following statement:
17. Working Capital: In DeepVerge’s opinion, the working capital available to the Enlarged Group is sufficient for the Enlarged Group’s present requirements (that is for at least 12 months following the date of this Document)

To suggest otherwise is disingenuous and I have called on those who make such statements to read public documents first, before making off the cuff remarks to the contrary.’

There is only one person who is being disingenuous here.

Bemma I am a LTH.