Member Info for mugginsthedog

Please ignore wrong company

Ratty - I see that your post and several others have been censored.

This is far from new as hundreds of posts have been censored although the censored posts have been proven to be the most accurate and fairest analysis of DVRG. The level of censorship is shocking given the incompetence and dishonesty exhibited by the BoD.

Ratty - this is an interesting and relevant post!

I suspect that the cat is out the bag on GB. I wonder how long before MSYS bin him. What a terrible record from Alltracel onwards. Good riddance. He should have kept at being a plumber, at least then our investment would not have gone down the toilet.

The DVRG BoD have a lot to prove and they have done little to impress so far. Clearly the BoD was asleep at the wheel and there needs to be a wholesale clear out. We also need a competent new permanent CEO. I fear that anyone with credibility doing their DD will open the DVRG bonnet and see a crock of shiite.

The recent RNS was virtually silent on margins and profitability, unlike previous trading updates. There is a presumption that either the BoD do not have a handle on what costs will be or the numbers are too shocking. In any event, the longer that we hear nothing the more likely it is that shareholders fear the worst. The BoD have been terrible at communicating. The SP will continue to slide in the absence of a meaningful update and a BoD clear out.

How long before the begging bowl is out again?

Looking at the comparable update this time last year there was much more financial information provided including indications of profitably and margins. There was also much greater detail about performance across divisions.

Given the lack of information since the SP collapse the market will need much more detailed financial information particularly around profitability and margins than the BoD has provided. For years DVRG has provided scant financial information and it is more than a little surprising that the BoD have not used this opportunity to provide assurance through the provision of more detailed financial information. It has gone from bad to worse and without this basic information the market will assume that margins have headed south and that profitability is further away than ever.

The BoD really have to get a grip.

Bemmacoli - I agree that GB is yesterdays news. That is why I am astonished that Shaiky still quotes him when it is clear that he told a pack of lies.

We do indeed a new BoD and CEO in particular. The silence following GBs departure is deafening and I am surprised that we have not had an update from them. They have had enough time now to get a handle on the situation.

GB said a lot of things that were clearly a figment of his imagination ( or worse)

I fear that STC is not the only part of the group where rhetoric and reality are divergent.

It seems strange that the BoD have not given an update following GBs departure. I would expect that they would be undertaking a review to assess how much was a figment of GBs imagination. Good, or bad, I would have expected the market to be appraised of the situation by now. Until the market has an update the SP will be weak particularly with the likely selling activity by new shareholders who presumably went in expecting a quick return and are facing growing losses.

Some share purchases by the BoD would also help.

Is this really the best that they can do? What about an update on China, the breathalyser, sales/orders, partnership updates, new management etc. The market is bound to be rather nervous so what about confirmation that forecast turnover remains at £18m plus?

It seems incredible that the BoD agreed to DVRG buying a large number of shares from GB at a price 5 times the current SP. At the time they claimed that there were non solvency issues. That deal is looking ever more dodgy. No wonder people are asking more questions as the level of losses due to GBs behaviour mounts.

First there was Alltracel then DVRG and MSYS looks as if it is going the same way. Will he try it again?

There are a lot of questions here. Unfortunately Ratty and his team of rampers have been wrong time and again and those they have insulted have all too accurate.

Ratty

The question Short has asked is can you show that the PD is on sale. A reasonable question. Your response is to provide links to two early-stage research papers. Indeed one of the papers acknowledges that the research is very early ‘The project consortium is now aiming to adapt the RAW test platform to detect and identify the virus in wastewater in real time.’ Please note the expression ‘aiming to’ which clearly suggest that this is something for the future.

From the so called ‘evidence’ that you have presented to show that there is a PD for sale as Short asked for the only reasonable conclusion is that there is no PD available for sale. Indeed, based on the evidence that you have presented there may not be a PD at all.

You need to be careful who you call thick.

It will be interesting to see what else comes out now that there is an opportunity to get some sunlight on what has really been going on.

He is not fit to run a plc. Taking unearned shares, Mrs GB selling shares and not telling the market, Mrs GBs undeclared earnings from the company, GB selling shares to the company declaring that there was adequate liquidity (shortly followed by emergency fund raising), conflicts of interested and a record that includes Alltracel.

It will be interesting to see what comes out from the company now. I would not be surprised if there were not more revelations.

Given the massive discount to the then SP even a rubbish BoD like this should be able to raise funds. The impact of course on LTH is catastrophic as the SP clearly demostrates.

Let us not forget that the requirement for a fund raise is a result in the catastrophic loan financing that the BoD approved.

The performance of the BoD generally, and GB and the CFO specifically, are the reason why the SP is below 2p.

Astonsihingly they have not given any reason for their catastrophic performance and we deserve an explanation. We also deserve an explanation why GB remians on the Board. He has to go if there is any chance that this BoD can build any level of credibility.

Looks like the broker offer was a disaster raising £0.815m rather than the target of £2.5m.

What a shambles. How can the BoD continue?

Anything to do with Alltracel and GB being a former plumber has been deleted

GB certainly had the right background for Modern Water. Shame he didn’t pull the plug earlier in his tenure.

Maybe he needs a plumbing refresher course because no one is going trust him with their money after this latest debacle

That GB has not yet been sacked is extraordinary. He is either incompetent and/or a conman. I suspect both. The BoD also hold responsibility for not holding him to account.

The idea that he should run Modern Water is astonishing as, in his first year as Chairman of MW turnover was cut in half.

It is very disappointing that GB has not explained what has happened.

As ever with GB LTH lose virtually everything

Looks like there is another GB apologist.

He should be in jail not on the board of a public company

It’s none of your business.

What is relevant is that I called this one right every time despite the abuse from long time rampers..

Looking forward to the apology from Chesh, the self confessed financial illiterate. Got this one wrong didn’t you Chesh?

GB is a conman. Let’s not forget he has done this before at Alltracel as I have mentioned on numerous occasions.

He has used the company as his own personal piggy bank. His wife has been dipping into the company coffers without letting the market know. How can that have been allowed after her undisclosed share sales?

GB effectively sold a chunk of shares at 8p whilst telling the market that the company that the company was fully funded.

He should be gone and cannot believe that he is still a director.

I warned you all.