Member Info for mugginsthedog

I suspect that GB is driving the price down and will probably attempt some sort of MBO. I am unsure if he will be successful as he is so hopeless and I am not sure he is financially backable as he is incompetent- although he has clearly been working on this for some time.

PIs will be completely scr3wed.

This is following a very similar route as Alltracel. PIs get shafted and GB and his mates walk off with the money.

The BoD should sack GB with immediate effect. Clearly they should have some this months ago. If they do not it will be clear that they are also in on this scam.

Ratty, you are on the wrong side of this one. You have yet again demonstrated your complete stupidity. You are, in short, an absolute irrelevancy

right

Thank you Trills, although I would have loved to have been wrong and you

Extraordinary that as the SP halves and their is a danger that the company goes into oblivion Ratty is talking about who is attending a conference!

If there is any further requirement for evidence that Ratty is living in a parallel universe this is it.

I warned you all on so many occasions that GB is not a fit and proper person to run a plc. He has form for scr&wing PIs while ensuring that he and his mates F off into the sunset laughing at the mug PIs. Rinse and repeat.

Where are the GB paid rampers - smeeno, Ratty and Cheesy Chesh now? Perhaps rather than insulting me and the few other individuals who highlighted the clear and growing issues they should have focussed on the real issues.

GB selling at 8p when the SP was at 30p and using up the companies scarce financial resources was the real warning sign. He should refund all this. He should also be sacked as he is clearly either incompetent or a liar.

coolcat - you are quite correct the normal rampers have gone quiet. However, they will no doubt be back shortly with their mindless and irrlevant drivel in an attempt to divert attention from the real issues.

The company has spunked away £10m from the last equity raise in a few months. Where did it go? What has happened to China - why no update? Why did earning guidance fall by 25%? Why has the breathalyser taken so long to develop - it is years behind the original timetable?

At least one thing is clear. It is all too obvious why GB effectively disposed of a whole bunch of shares at 8p. That really should have been the main warning.

As I have said previously GB has form here. Alltracel was a total disaster for PIs.

Ratty - you are getting very tedious.

Perhaps you should focus on the company’s problems? Or perhaps you are not bright enough to be able to see them……..
The current SP might give even you a bit of a clue!

Chesh - I am right.

Seems like not are you a self confessed financial illiterate you do not even seem to understand right and wrong. Oh dear!

Perhaps you might like to focus your attentions on why this company is Failing?

I have indeed been forecasting the SP collapse.

It is really very simple. GB has failed to deliver on virtually everything that he promised. No China, no cruises, partnerships announced then no follow through, no breathalyser, profit warning with 25% reduction in turnover, ruiningly expensive debt financing, options/warrants to GBs city mates (inc NXDs), out of control costs. GB effectively selling down a bunch of shares at 8p (following wife's share sales which were originally not declared).

GB and his mates have history doing this elsewhere.

Not surprising that the SP continues to fall. He has overhyped and not delivered.

Unfortunately I have no idea what Cheesy Chesh is going on about. As a self confessed financial illiterate I guess this is no more than what we have come to expect.

As I forecast the SP has now gone below the price GB effectively sold a chunk of shares. From here it is not at all clear where it can go from here but the market fears the worse. No news on China, big build up in overheads, no breathalyser. Lots of promises and no delivery whilst overheads are out of control.

Clearly the market has lost confidence in GB and BoD. Time for management changes.

Chesh - not only are you a self confessed financial illiterate you don’t seem to have any idea at what price GB got rid of a whole bunch of shares. Looks like he did well to get rid - Mrs GB share sales were even better timed!! Funny that!!

DR - I am not sure how trade receivables an get so high, that is almost 6 months of sales

Sri so - a quick review of my posting history will make you u sweat and that I have called this right every time, from the multiple fund raises (even when the company denied it) to the SP. I don’t notice you having any level of success!

So we had £1.2m cash left at the half year. We had a net cash outflow of £3.9m in the first 6 months in opex and capex. From October we start to pay £0.5m per month for loan repayments. Even if sales are higher in H2 (which remains to be seen) we are almost certain to require additional funding – presumably from the extremely expensive finance facility. The loan drawdowns are not to fund growth, as some on this BB erroneously say, but simply to keep this sinking ship afloat. The company needs to start generating significant amounts of cash very soon.

The SP continues to fall and has now reached the level that GB sold a bunch of shares as I forecast previously. I see no reason why they will not fall further.

RB40 I am afraid that you are wrong. Ratty is right (and I never thought that I would say that). Per RNS, if you read to the bottom.

“Repayment:
No Advance may be prepaid. The Initial Advance is repaid by the payment of £500,000 on the last business day of months 7,8,9,10,11 and the balance of £1,500,000 on the Maturity Date.”

So if the loan was taken out in March then first repayment is due at end of October.

Check - I hope that it is a chocolate hat. The CEO sold at 8p and he knows best!!

Smeeno - the difference between you and me is that I have called this right every time. The cash calls (even when the company denied it), the SP and the lack of contracts.

The SP is where it is because the company has failed to deliver time and time again, all the while guzzling cash. The breathalyser should have been on the markets years ago - but it is still in development guzzling cash, the China MoU should have been signed years ago. What happenEd to the cruises? The STC sales situation is so opaque it is impossible to judge what is going on.

The one constant is the increasing amount of cash going out the door.

I suspect that the next set of financials will be more than a little concerning.

Looks as if someone knows what is really going on and is selling at any price. Based on the track record it is not difficult to see why.

Just had a peek at the MSYS SP. If you think that DVRG is bad you should see MSYS. Seems to be down about 95% since GB took over as CEO.

Now - is there anything related between the companies - Ay yes GB. I wonder if that is coincidental?