Member Info for Newuncle

Oh well that's alright then if the Yorkshire post is covering DVRG.

Circulation (average per issue)............................13,284

From a poster on advfn today:

Davius18 Mar '22 - 11:30
With a 5% up front charge, and interest at 1% per month, The £4m initial drawdown will result in £500K of costs and interest in the first year, an effective compound interest rate of 17.5%.

With the conversion options, plus the warrants being offered as a sweetener (all at 20p) then another 11.4m shares could be issued, which might result in an extended period of selling, were the share price in excess of 20p. That would effectively put a lid on the share price (albeit well above todays level) until all warrants were exercised and cleared.

This deal favours the directors, who will have assured their positions for three more years whatever happens to the business, and the lenders (who I would happily have joined if the option was open to me), but does little for the long suffering share holders, who face more dilution and a further fall in the value of their investment.

A paltry buy of shares by the CEO does little to inspire any confidence in the short term performance of the share price.

Deepverge has tremendous potential with some truly excellent technology, but a listed business needs to be run by those with appropriate business acumen, regardless of how skilled their scientists and technologists are.

Maybe by end of Q2 (30 June).

So in 3 months time they "could" have the capability to produce "up to 200 a month".

Big difference between saying you might be able to make that number of units PM and actually having the necessary orders to fill to take them. Just saying

gwoods clearly you have not seen Chris's photo on Twitter...I wouldn't hire him

Hutchy,

You may need to revise down on your 20p target?

Date Time Trade Prc Volume Buy/Sell Bid Ask Value
18-Mar-22 08:34:34 224.00 200 Sell* 220.00 240.00 448.00 O
18-Mar-22 08:12:47 232.00 2,583 Buy* 220.00 240.00 5,993 O
18-Mar-22 08:12:22 232.00 1,721 Buy* 220.00 240.00 3,993 O
18-Mar-22 08:10:05 229.00 2,180 Sell* 220.00 240.00 4,992 O
18-Mar-22 08:08:33 229.00 218 Sell* 220.00 240.00 499.22 O
18-Mar-22 08:03:56 228.00 38 Buy* 210.00 230.00 86.64 O

Crazy,

Yesterdays trades are there you just need to change the date on trades box.

Date Time Trade Prc Volume Buy/Sell Bid Ask Value
17-Mar-22 16:33:22 217.00 10,000 Unknown* 210.00 230.00 21.70k O
17-Mar-22 16:27:23 225.60 1,505 Buy* 210.00 230.00 3,395 O
17-Mar-22 15:14:47 225.00 4,888 Unknown* 210.00 230.00 11.00k O
17-Mar-22 14:01:28 221.00 82 Buy* 210.00 230.00 181.22 O
17-Mar-22 12:30:15 220.60 208 Buy* 210.00 230.00 458.85 O
17-Mar-22 11:57:37 220.40 2,689 Buy* 210.00 230.00 5,927 O
17-Mar-22 11:43:26 226.00 1,123 Buy* 210.00 230.00 2,538 O
17-Mar-22 10:40:38 219.00 1,601 Sell* 210.00 230.00 3,506 O
17-Mar-22 10:38:50 219.00 621 Sell* 210.00 230.00 1,360 O
17-Mar-22 10:19:55 219.00 916 Sell* 210.00 230.00 2,006 O
17-Mar-22 10:14:47 222.222 567 Sell* 210.00 240.00 1,260 O
17-Mar-22 08:03:07 210.60 9,000 Unknown* 210.00 240.00 18.95k O
17-Mar-22 10:02:40 222.00 576 Sell* 210.00 240.00 1,279 O
17-Mar-22 08:01:51 210.60 10,000 Unknown* 210.00 240.00 21.06k O
17-Mar-22 09:47:19 222.60 1,000 Sell* 210.00 240.00 2,226 O
17-Mar-22 09:41:42 227.20 2,500 Buy* 210.00 240.00 5,680 O
17-Mar-22 09:36:25 235.00 208 Buy* 220.00 240.00 488.80 O
17-Mar-22 09:09:54 225.55 1,000 Sell* 220.00 240.00 2,256 O
17-Mar-22 09:07:56 231.80 2,500 Buy* 220.00 240.00 5,795 O
17-Mar-22 08:07:39 237.00 4,214 Unknown* 220.00 240.00 9,987 O
17-Mar-22 08:05:49 230.00 3,260 Unknown* 220.00 240.00 7,498 O
17-Mar-22 08:03:43 225.00 4,444 Unknown* 220.00 240.00 9,999 O
17-Mar-22 08:51:51 227.00 9 Sell* 220.00 240.00 20.43 O
17-Mar-22 08:47:04 222.50 961 Sell* 220.00 240.00 2,138 O
17-Mar-22 08:46:34 222.40 500 Sell* 220.00 240.00 1,112 O
17-Mar-22 08:46:31 222.40 574 Sell* 220.00 240.00 1,277 O
17-Mar-22 08:41:52 222.222 500 Sell* 220.00 240.00 1,111 O
17-Mar-22 08:32:25 222.00 1,107 Sell* 220.00 240.00 2,458 O
17-Mar-22 08:32:06 222.01 905 Sell* 220.00 240.00 2,009 O
17-Mar-22 08:31:31 222.00 2,022 Sell* 220.00 240.00 4,489 O
17-Mar-22 08:31:01 224.00 917 Sell* 220.00 240.00 2,054 O
17-Mar-22 08:30:29 224.00 540 Sell* 220.00 240.00 1,210 O
17-Mar-22 08:28:14 230.00 1,500 Sell* 230.00 240.00 3,450 O
17-Mar-22 08:23:41 233.00 574 Sell* 230.00 240.00 1,337 O
17-Mar-22 08:20:26 230.00 1,500 Sell* 230.00 250.00 3,450 O
17-Mar-22 08:19:38 231.60 2,301 Sell* 230.00 250.00 5,329 O
17-Mar-22 08:19:38 236.00 890 Sell* 230.00 250.00 2,100 O
17-Mar-22 08:18:40 238.88 101 Sell* 230.00 250.00 241.27 O
17-Mar-22 08:17:57 231.66 813 Sell* 230.00 250.00 1,883 O
17-Mar-22 08:17:54 236.00 576 Sell* 230.00 250.00 1,359 O
17-Mar-22 08:17:21 240.00 252 Unknown* 230.00 250.00 604.80 O
17-Mar-22 08:17:06 231.60 868 Sell* 230.00 250.00 2,010 O
17-Mar-22 08:17:04 238.88 332 Sell* 230.00 250.00 793.08 O
17-Mar-22 08:16:11 238.88 171 Sell* 230.00 250.00 408.48 O
17-Mar-22 08:13:56 240.00 289 Unknown* 230.00 250.00 693.60 O
17-Mar-22 08:12:12 231.20 25 Sell* 230.00 250.00 57.80 O
17-Mar-22 08:12:13 240.00 7

I just get the impression that Gerry is probably as fed up as the rest of us as to how things didn't progress in 2021 as hoped for in terms of contracts for PD and the CR deal. I think he has now decided he needed turbo charge the company into action with resources and cash needed to kick start the real momentum needed here to win contracts in short order and be able to deliver the kit needed without relying on others like CR. In doing so he has taken a gamble with the so called "Mezzanine Finance" arrangement he has signed up to and turned the business model on its head by going pretty much all in on the leasing offering instead of upfront sales and then getting recurring sales from the magic stuff that goes into the PDs etc. To me he has bet the farm that he can deliver big ticket govt sales this year and hopefully sooner rather than later during 2022. Whether the SP will deliver for us PIs remains up for debate as does the fact that he didn't go for the expected acquisition of MSYS but that could follow later as he will have the finances available if needed to do that and seeing as he went on alot about ensuring the security of supply etc he wanted through this small buy out announced today to take manufacturing "in-house" it did strike me odd he didn't go for MSYS as well, after all without MSYS products DVRG would have a pretty serious essential component issue to address. One for further discussion perhaps?

LTB,

The actual year 1 costs are 5% + 1% a month on any unpaid debt so up to 17% in year 1. Riverfort will be paid in shares and they can keep triggering repayments again and again and again. If the SP falls they will just get shares each time to make up the total owed. The actual risk to Riverfort is very low whereas the risk to shareholders increases in reality. As I said before, if you don't believe, look at SYME who are going through exactly that same thing.

LTB,

Also, Riverfort are not lending them £25m now, it's £4m right now.

LTB,

I have seen companies like Riverfort and others lend big money to AIM companies of the years. They do not care about the financial health of the businesses they "lend to", they get handsome returns regardless of where the share price is in reality. If you want a current example do some research on SYME, it will show you just what kind of damage they can do to shareholders.

Well at least today's news has given the seller another chance to finally exit here and might bring some well needed share price stability as PIs buy in. This financing deal looks expensive if DVRG has to pay 5% upfront each time it draws money down (ie 5% on £4m being taken now = £200,000 + 1% per month on any left unpaid). As Trills says below, DVRG better get moving on winning some contracts and RNSing them. I am not and never have been fan of borrowing from the likes of Riverfort who rarely have the same interests as PIs in the long run. They always make a tonne of money of lending cash to companies in this way even when the share price falls.

Good Morning Biker,

I have been spending less time on BBs these days, nothing has reduced my confidence in Richard Shearer's ability to deliver on his vision here. Today's RNS was unexpected but great news imo. This company just gets better and bigger with every update. I am a very happy shareholder here.

Muggins is c.ocker from advfn.

The only poster who has ever mentioned Altracell on both sites is c.coker on ADVFNand muggins on LSE.

Both usernames have been used to post ultra negative commentaries towards GB and SKIN/DVRG and Investors over a number of years.

A C.ocker is breed of dog and surprise surprise so is a Muggins.

Pretty obvious when you see it presented like that.

Muggins is c.ocker from advfn.

The only poster who has ever mentioned Altracell on both sites is c.coker on ADVFNand muggins on LSE.

Both usernames have been used to post ultra negative commentaries towards GB and SKIN/DVRG and Investors over a number of years.

A C.ocker is breed of dog and surprise surprise so is a Muggins.

Pretty obvious when you see it presented like that.

It's a shame that gerry doesn't employ a common sense checker to review his RNSs and look at them from an outsider's perspective. Too easy to check something you have written and then see it as perfectly clear when in reality it's just not.

And this is the real issue for all of us, too many unknowns and more questions than answers with every RNS that gets released. All a bit too cryptic at times and too clever by half.

From the RNS:

Current Account Sales

There are 27 Microtox® CTM to be installed in the Middle East and this is the first move away from capital expenditure sales only to multi-year install, monitor and maintain with consumables ("Serviced Lease"), generating recurring revenues of $2.4m (£1.83m)* over a 5 year period in place of a $1m (£0.76m) capital equipment sale.

Capital Accounts Sales

As we transition to the monitoring, we still deliver units, such as those for a Chinese State government department and multiple units on the Yangtze River project which are capital equipment sales.

gwoods, That has been discussed and agreed. Yes it's going to stock and to be honest GB should not have issued an RNS for that, it was misleading at first glance and gave the impression of £5m orders being completed rather than £5m of inventory being manufactured. On the plus side, if DVRG felt the need to make £5m worth of kit, surely they are not going to leave it on the shelves to gather dust. They must have a pipeline of interest and deals to close on the back of that otherwise why do it?

Of course that being said, If DVRG plc do land a deal with CR to manufacture the kit, their cost base would be much lower and they might also be able agree similar terms with CR to buy from them over time without making complete upfront costs I guess? Have to say though that the China deal looks further away than ever if China is using lockdowns to control Covid again (how ironic is that though).