RE: What's happened here...?18 Jul 2021 20:27
Just my opinion FWIFW
The DVRG SP for the last year is complicated, there has been mergers/dilution/warrants/share options/new technologies/new directions and suggested Covid plays. Some DVRG directly responsible others simply not.
Cannot find a 12 month SP average but probably around 32p! The 60-70p around October lasted for approx 2 day sessions so is therefore not a guideline, the selling of shares, that sparked a sell off was from Helium, who were obliged to sell down once a % in a single stock was reached and not directly connected to DVRG and their performance.
The presentation itself unveiled the Microtox BT, some existing shareholders did not approve of the change of direction and the presentation itself (IMHO) was not great and what transpired, perhaps, has left the market sceptical. Other shareholders did approve of the new technology, the presentations have got better and institutional investors stumped up £10m recently, presumably happy with the progress of the company and its future.
Since October, DVRG have been repositioning the company, integrating the MWG technology and the MSYS technology, building staff numbers and 'jumping through the hoops' of Phase 1-3 testing on a couple of fronts and capitalising/manoeuvring on MWG's and Labskin's existing footprints.
Also: The world is navigating 'its latest' pandemic which has negatively affected market confidence etc.
Without doubt, (IMHO) There have been a couple of faux pas along the way, the mentioning of MSYS in a DVRG RNS is one!
For me DVRG are in 'the funky stage' - Gearing up for obvious expansion, whether it be increasing laboratory space, staff numbers, Skin Trust Club or gaining manufacturing partnerships. All of which take resources ie manpower/money and time and a huge amount of red tape. This could be viewed as negative, my view it is an essential part and a proactive method of growing an expanding business.
Is it going to be worth it for LTS, I for one am fully invested and very confident going forward.
Anyway I will STFU, all IMHO (FWIW), written quickly, am sure others will disagree, all to play for and lets see what transpires in the coming months!
All the best to all LTS's