Member Info for Retireby40

Which makes it even worse that a Canadian co with an inferior offering is winning large projects in the UK we should be winning. Something’s not right.

NU good find.

I thought we had the Olympics tied up and these guys also borne out of ecoli like our product was. They seem to be ahead of us.

https://www.tecta-pds.com/post/canada-s-tecta-pds-selected-as-open-water-testing-provider-for-the-tokyo-2021-olympic-games

At the risk of sounding redundant I think GB has little credibility and the best thing he can do is step aside into NED role and let someone else be CEO and drive the business. Have a strategic review and bin possibly LFTs and concentrate on core businesses.

Have someone to reenergise but also get the trust of the city.

I wonder if we even pitched for it?

Yep ignore me. Usually posted et same time as the AR. Thought I’d missed on website

They need to provide the notice and proxy ahead of the AGM, any ideas?

Isn’t yet on the website. Poor as should be posted with the annual report. Where is it?!

In their guidance it says over £10m 21F not estimates. Can’t be arsed to read their drivel. I just noticed that as someone posted on Twitter.

That research note is so bad it Even has FY21 at over £10m revenue FFS when it’s below. Garbage note.

Yep I saw that. I guess they’re not comfortable selecting them just yet as once selected they’ll be expected to report year on year.

Just seen this which makes more sense -

Charging management charges is a tax efficient way of moving profit and losses from one company to another to offset corporation tax.

From advfn - so is this spider’s web meaning the directors are indeed being paid in cash as well as in shares or does the Deep Verge group keep the monies?

Can you guess who the Directors of Innovenn UK Limited, Lifesciencehub UK Ltd, Rinocloud Limited, Deepverge Ireland and Stoer Ireland Ltd are?

During the year, the Company charged management charges of £241,000 (2020: £105,000) to Innovenn UK Limited, £466,000 to Rinocloud Limited (2020: £84,000), £86,000 to Stoer Ireland Ltd (2020: £25,000) and £16,000 (2020: £8,000) to Lifesciencehub UK Limited.

Rinocloud Limited charged sales and management charges to Innovenn UK Limited of £303,000 (2020: £215,000), to Modern Water Holdings £ 51,000 (2020: £ Nil).

Innovenn UK Limited charged to Rinocloud Limited £ 90,000 (2020: £ Nil) to DeepVerge Plc £ 171,000 (2020: £ Nil) and to Modern Water Holdings £ 118,000 (2020: £ Nil).

During the year, the Company was recharged costs by Deepverge Ireland Limited  of £ 679,000 (2020: £280,000).

I suspect like last time it’ll be an intraday RNS informing resolutions have been passed and update on the website. Update will be the presentation. Hopefully showing 6000 read out due Q3.

Tomo I suspect will be similar to last year. An intraday RNS confirming resolutions have been passed and a mention of the AGM presentation being available on the website. No new material news was published at 7am on the day of the last AGM and I expect the same tomo. Keen to see the timeline and how/if that has changed re AVA6000.

Truly pathetic share price and has been falling well before bear market was entered. It will be a year delay in signing the China Resources deal come end of June. Surely GB will give an update, not just negotiations are ongoing but add some meat to it. Think many have lost faith in GB and his Twitter wink and nudges, we need some tangible news and detail. Wonder if we are fed the same crap annual report or whether we have KPIs etc. they don’t need to spend a lot of money on design etc, just need decent detail and divisional breakdowns. Transparency needed.

We were guided to be profitable last year. If we are profitable this year that would truly be a watershed moment. One can hope.

A bear marker yes but look at the 12 month chart. Ugly. The market wants to see a sustainable business so profitability.

Exactly what’s needed. Hopefully this will drive demand and really accelerate growth.

Just seen the RNS re trial extension and before end of Q1 so fair enough.

This was from June nearly a year ago. Have I missed the US roll out as I can’t see in RNSs? We know GB is now not even mentioning China.

We expect updates from our Joint Venture agreement with China Resources and roll-out in the US to follow early in Q3. "

Also, from our trading update in Jan and we are now approaching end of Q2. Is this more poor comms or more missed deadlines?

In addition, installation of Government National Infrastructure trial equipment with a value of GBP480,000 was installed before year end, but not included in 2021 revenues. Project is ongoing and expected to complete late in Q1 2022.

Delays occur but communicate the reasons. Simple.