Member Info for Newuncle

MSYS will leave it for a "reasonable" time to allow them to then trot a well used excuse that despite their best efforts they have not been able to secure sufficient investment value to refinance the company and as a result the plc will delist.

Trust me, MSYS is finished as a PLC, it will never come out of suspension to trade again, it will get delisted as MSYS know full well that with an MCAP of just £300k there is not a chance in hell of anyone giving £1M to £2M probably needed to bring this back to life again. It will of course continue as a private company and the directors will make fortunes from it in due course but no one will ever know about it.

The mcap of MSYS is now below the average price of a 4 bedroom home in the south east.

The placing is now 100% nailed on so PIs will be wiped out anyway.

Nobody will be held to account here, end of.

AIM regulation is only there to to protect plcs and their awful directors from private investors when it should doing the exact opposite.

Legalised thieving from people who trust that aim regulations are there to stop this kind of market abuse.

Anyone fancy ringing Gerry for a chat about this?

Gerry Brandon (Executive Chairman) +44 (0)1483 751 577

Also explains Miton's actions recently when they dumped a whole bunch of shares at a huge loss.

LTB,

Gerry could not care less, he made £millions from Altracell and I am sure his "fees" paid into his multitude of back channels from MSYS and DVRG for "Advisory" works have kept him and his wife very comfortable indeed.

It's an utter disgrace, now the BoD wants to hold a gun to PIs and other shareholders heads by effectively saying supportive a hugely dilutive discounted fund raise or lose everything. And people like this just keep on getting away with this kind of thing. Telling the market they ate financially desperate because of they way they bank rolled DVRG, you really have to LOL and write this off now as a valuable lesson learnt.

The Company's shares will be suspended from trading on AIM with effect from 3 July 2023, pending publication of the FY22 annual report and accounts.

Not unexpected really, suspension to be followed by massive fund raise, PIs wiped out. Bravo Gerry Brandon.

Fast forward to April (DVRG)

On 9 January 2023 the Company announced that it expected 2022 (unaudited) revenues to be approximately £17.2m. Following the board change announced on 6 February 2023, and the appointment of a new Chief Financial Officer on 7 February 2023, the new management team has undertaken a comprehensive review of all major contracts.

Whilst further analysis continues, based on the current available information and analysis to date, it is clear that revenues for a number of contracts have been incorrectly recognised in excess of works completed and therefore revenues for 2022 under the relevant accounting standard IFRS15 are expected to be approximately 45-50% of the £17.2m revenue figure provided by the previous executive management team and notified to the market.

In Jan 2023 NB stated the following for DVRG:

Dr Nigel Burton, interim CEO DeepVerge plc, commented:

"The Group's major achievements of 2022 were:

· Intensifying the focus on bigger ticket, higher value, technology and data-based sales;

· Gaining the confidence of partners and their customers to use our solutions;

· Putting in place the personnel and resource structures needed to support and develop this type of expanding business; and

· Bedding in reference sites across the globe which showcase the solutions we can deliver to customers.

These achievements, and the successful fund raise in November 2022, provide solid foundations for 2023

LTB, exactly, if a man in his position couldn't appreciate what was going on here and at DVRG then it just sums up his complete lack of knowledge etc. As you say, GB is far too "clever" to be challenged by anything NB could say or do. NB is toothless and just seeing complete disaster in both companies unfold.

IMO NB is totally useless and out of his depth.

Short answer No

Day Traders are just that, trading it. Lets see if they can sell their shares as easily as they bought them.

One of MSYS largest holders dumped one out of three of their large holdings yesterday, I can see no reason why they won't be selling he remainder. MMs and traders are creating a false market spike here and many will be buying on the back of that because lately AIM has been full of micro cap stocks having amazing turnaround days despite the reality of the business and newsflow.

Caveat Emptor and only buy what you can afford to lose here.

Top 5 shareholders

Owner name

chevron-r-regular

No. of shares

Unicorn Asset Management Ltd 750,000,000

Unicorn AIM VCT Series 3 ORD 750,000,000

Miton Asset Management Limited 277,941,873

Premier Miton UK Smaller Companies Fd 277,941,873

Miton UK Microcap 176,873,537

That was the seller

Miton Asset Management Limited 277,941,873