Member Info for mugginsthedog

You have all been forecasting lots of breakthrough news by the end of the quarter. It has not happened and again GB has failed to deliver. Yet you seem to be sucked in and believe everything that is hinted at even when there is complete failure to deliver.

RNS = Regulatory NEWS Service. No news just repeating same old same old. He has been hinting for months but not actually delivering anything. Makes GBs tweets yesterday about DVRG only delivering look like a sad joke.

Revenue guidance has not been smashed but rather reconfirmed. Suggest that you read the RNS. Do not fool yourself or try and fool others

For a company that was losing £4m/year and was effectively bankrupt. The amount that it spent getting bankrupt is largely irrelevant!

You will see with a modest level of research that this is strictly Southern League division 4c stuff. I am surprised that you do not seem to know

There is no way that GB has the credibility to be a CEO of a major plc. You only have to look at his past history to see that. Further, some of the more unsavoury incidents such as his unearned MW shares, Mrs GB share sale, the MSYS deal, the endless twitter ramps, the share awards to NXDs and the over promising and under delivery just reinforce that message.

No wonder there are few institutions on the shareholders register.

NU - not on advfn .

Looks as if the market has given its verdict. Mrs GB share sell looks increasingly well timed. Surprise that

So an RNS that confirms more money out the door but no income.

How long before the announcement of agreement to buy MSYS at some hopelessly inflated price that dilutes us to bu**ery whilst triggering the award of more fat unearned shares to GB and his mates?

As ever the rampers are doing their normal abuse. Interesting that none of them have even attempted to answer Gpts. Funny that......

Endless repetition and inaccuracies .

Why not answer Gpts point?

Well said LH - it is about time some on this BB addressed some of the issues rather than endlessly repeating themselves on totally irrelevant points.

Looking forward to the rampers addressing some of the points raised

That is a very sensible observation and unfortunately one that the rampers on this board will almost certainly fail to address.

Looks like sloppy gets paid by column inch

Gpt- you are not the first to make that observation

The other BB most certainly has a more balanced view than on here. Interesting that the posters on here regarded DVRG as some sort of a religion. It seems here that you are only allowed to make positive comments.

In the meantime PIs are increasingly seeing through this company. There are clearly matters of trust which is hardly surprising given the history.

drshan - some interesting and perceptive comments

He hasn't time to do anything else so perhaps DVRG Chief Ramper?

Looks like he might be out of a job tho

Retire – You make some interesting points about the costs and position of the breathalyser development. The breathalyser will require regulatory approval and from the tiny number of tests done to date it must be reasonably assumed that this has not started. Regulatory approval will probably involve double blind trials. It is quite likely that these trials will need to be on all ethnicities, a range of ages and male/female. There will need to be a range of testing conditions eg temperature differences – no good if it does not work outside a freezing football stadium in January. The number of tests required will be at least in the thousands and more likely tens of thousands before approval is given to allow access to mass concerts etc.

There are a number of practical issues. It is unlikely that the UK or Ireland have enough Covid cases given the rapid fall in cases in the last few weeks to find enough people to test on, so where to go? If it is double blind there are ethical and legal issues. These are the types of issues that require deep pockets and experience of which DVRG has neither.

There needs to be a clear route to market. The idea that this will sell itself is fanciful. There are numerous examples of the best technology being beaten by inferior technology (ever heard of Betamax?). How will they manufacture? A marketing disaster would be not have units available. If there really was demand how would they fund millions of kits? Management have talked of the razor model but that would require deep pockets to fund the manufacture and distribution. This all needs to happen quickly because, as a number of posters have recognised, there are a number of other breathalysers under development.

To be honest the idea that DVRG has completed the funding of the development as Retire suggests is ludicrous. They have barely started – I would suspect that they are nearer 10% than 100% of the costs which Retire suggests. The lack of development progress since the AGM is startlingly slow. In the AGM presentation (which seems to have mysteriously disappeared from the website) management said that everything was pretty much ‘sorted’ - that is grossly misleading. It is not just the financial cost to commercialise the product but it also requires expertise and knowledge built up over decades. This is why most small companies bring in a major partner. This has not happened, although it is the stated strategy of the company to work with partners. Given that DVRG clearly does not have the finances or team to commercialise the breathalyser there will be many who will assume that there is little or no interest from a significant partner.

If DVRG bring in a government or commercial partner then that brings great credibility, an asset that tis sorely required ATM. Without that they have very little, at best. They have been working on this for months without notable commercial success and I fear that events will overtake them as the SP indicates.

Retire - a bit busy atm but will respond to your points later

Seems NU is having a bit of a bad day. Good riddance but I had hoped that he would apologise to Paul for his odious comments before he left. Probably gone back to his employer?