The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I agree about the "new" investors, if you are a new investor in this circus you would want to get her head examined!
@sol001 didnt Deepverge have a lawyer running their RNS, did that stop them! And yes its an offense to BS investors, and those cases take a long long time to come to a conclusion, patience.
@mugginsthedog well done to you, you have been right about everything on the Deepverge bulletin boards over the years, literally everything, and that's despite being attacked repeatedly by idiotic comments by the dodgy management cartel.
You mention in your post that its for underwater (nice irony after they bought a water company - I know you meant that! ;) long term investors and to keep things positive!!
Unfortunately that is not how this is going to work and it is not the fault of the BB members and investors. Just take a look over at https://www.lse.co.uk/ShareChat.html?ShareTicker=DVRG&share=DVRG.L to see that many many private investors are not underwater they were deceived and taken for a ride and completely wiped out by Gerard Brandon and Nigel Burton and their mates. So with that fact in mind, just because there is 1 RNS with a BS vague statement in it about cash in bank (anyone believe that - nope!) in 2024 does that mean all is forgiven. It is clear now that RNS after RNS is just a fabrication and why would we believe now in 2024 that Bob, who is best pals with Nigel Burton is cut from any other cloth.
What did George Bush once say "There's an old saying in Tennessee - I know it's in Texas, probably in Tennessee, that says, fool me once, shame on... shame on you. Fool me - you can't get fooled again."! so yes my post, this post is for the 99% of shareholders that were taken for a ride, and sold a pup like covid testing devices, and world cup water testing, and tens of thousands of sales of home skin tests and the list goes on and on and on. Anyone who wants to be a new investor in Microsaic (the new Deepverge) step right up and open wide as they shovel their RNS blended sh*t into you. Positive spin here is not helpful unfortunately, reality will help some thankfully.
You could think of it in 2 ways @tqhussain , the first and most appropriate way to think of the share cert is like a plaque to be framed, a stark reminder of the shower of scum that you and I invested in once upon a time, maybe a nice frame would look work well with it, just to show the level of incompetence that was once on show.
Or maybe its worth something, maybe Deepverge has a little money after they sold Labskin it seems last month without even a hint of an RNS when it was needed https://find-and-update.company-information.service.gov.uk/company/15371091/filing-history (but of course there is some wormy little hole in the unregulated joke that is AIM that means they do not need to write an RNS about something that actually matters rather then the lies and lies they put into every RNS that was actually published https://www.lse.co.uk/rns/DVRG/cancellation-deepverge-plc-5sxp0n6ytok6ru8.html ).
So I am going with the former @tqhussain and going to frame it, soon the Microsaic investors will be able to frame theirs too. Enjoy.
I have also sent in my email for what its worth. So far AIM have been a little pathetic frankly in terms of how all this was handled thus far. I do agree a whistle blower is important at this stage frankly and usually that always comes a year or two after a complete collapse like this. Almost every RNS seems to be an outright lie to date and no audits no accurate accounts, infact made up accounts. And the directors of Deepverge seem to be just transferred assets over to another AIM company Microsaic and acting like it is all normal. Infact Microsaic have only last week stated (again it could be a complete fabricated RNS) Modern Water is a good business, with clients and they are hiring staff again and selling to those clients, bizarre behavior. Hopefully there is a reaction from the Market Abuse Team to this.
And just like Modern Water the company that could not work under Deepverge PLC is working perfectly under Microsaic like it never skipped a beat despite the exact same gangsters running both PLC's. https://www.lse.co.uk/rns/MSYS/company-update-fqn0bh47sx9wbq7.html I wonder what Microsaic paid for Modern Water do we know?
Ahhh it all becomes clear, Kingfield Electronics, Gerard and Nigel old buddies. So is Bob really running Microsaic, of course not! My god AIM is rotten to the utmost core.
Nigel Burton and reputation in the one sentence! From the obvious goings on in Deepverge and now Microsaic it is clear how these people operate. None of them should be running a public company, period. Rotten to the core and to plead he didn't know who he was in bed with, please give us all a break.
:) name change!! name changing the scam for the next set of private investors to be conned. Consolidation hahaha the share price is not even 2 weeks old!
@jez01 China!! really we are going to bring up China again! total BS
People really were not joking when they said Microsaic was Deepverge and Deepverge was Microsaic and not just in shared directors!!! Literally Microsaic was not even a functioning business without the deck of cards that was Deepverge (RIP) Quote:
"· Total revenues increased 73% on the previous year to £1.57m (2021: £0.91m) of which DeepVerge comprised £1.29m (2021: £0.39m);"
What a complete embarrassment is AIM.
You will need an employee to whistle blow but that is always likely in time. It all takes time and even years: https://www.rte.ie/news/business/2023/0609/1388341-insider-trading-case/ but in the end it always happens.
A few things below that I would focus on:
- Currently Deepverge has not paid any of the staff their holiday pay from 2023 which is likely illegal on some level. Whether they purposely didn't pay it is another thing. For those staff in Ireland it is likely one for the https://www.workplacerelations.ie/en/ and those in the UK maybe Acas https://www.acas.org.uk/acas-code-of-practice-on-disciplinary-and-grievance-procedures
- probably the big one in terms of how us investors were deceived is the 2022 accounts were indeed just lies and inflated over 100% and more by DVRG Group Financial Controller Shiv Rawal. He worked as the assistant manager of Jeffreys Henry LLP Group FCO before switching over to Deepverge as a direct employee. This would need investigating as the new fincancial controller they brought in corrected it and put some excuse around it other than a cooking of the books as they say. Interestingly in 2023 none of these orders came through either as time has gone on, so as I say complete fabrication.
- Then you have the buying of a cleaning company Glanaco for a million and being sold back to Glanaco for a pound and that is a family company of Deepverge Director Fionan Murray. Glanaco have no connection to Modern Water and do not have any expertise in specialised water testing equipment. Any ex employee of Modern Water would attest to this.
- Then you have the deal Nigel Burton and Gerard Brandon did with Deepverge via Microsaic whereby a contract was signed that allowed Microsaic extract potentially over 1 million from Deepverge for services that staff at both companies could definitely not attest to.
- Then of course all the RNS's with all numbers for this and that, that are all lies.
- still no audit in 2023 by an external company.
I am sure ex staff posting here can add to this list but of course it will need a staff member to formally bring this forward. Now of course you will see Microsaic move assets from Modern Water into Microsaic and there circus continues. The Irish mafia exists.
Nope, its a skincare cream, nothing to do with Labskin.
Yes sol001 tomorrow you will know if your shares can buy you a bag of Irish Tayto's, surely the only thing we need is a full third party audit of the accounts so we can see where the con between Deepverge and Microsaic took place in 2023 and 2022. That is the only thing I am interested in and not the new grease man that is coming in to lube up some new Turner Poop green investors.
Yes, the scam has just rolled into Microsaic like clockwork and off they go to the races again. AIM is literally an embarrassment the way these directors like Gerard Brandon and Nigel Burton and Fionan Murray etc. just scam scam scam.
And anyone here thinking Modern Water has a client base is delusional, Modern water is an empty vessel and is just going to be a PR story once again to con investors into handing over money to this. At this stage everyone is aware of the directors and BS RNS's spun out which are just nothing but lies, so stay clear of this as it will end the same way as all the other companies these con men are involved in. Regulars on AIM, a joke.
That is it for Deepverge PLC but the scam continues over at Microsaic PLC as that is where the assets of Deepverge is going. And then it all starts off again as all the staff and everyone on the forums has beensaying for most of 2023. So like clockwork the board of Deepverge (which is the board of Microsaic) have transitioned everything over to Microsaic. Wow, amazing regulators just sit by and do nothing at all. AIM is a joke.
Not even a set of accounts for 2023 from these inept gangsters : https://www.lse.co.uk/rns/DVRG/update-zafig1s0p5e95yx.html so may that be that.
Going PRIVATE as we mentioned many times. By the way the share price of MSYS will be nothing, its an empty shell with zero staff, assets, IP, money in the bank etc. Worthless. What work did they do for Modern Water that has already been mentioned by Deepverge staff to be a con. The illusion of a deal will be a sight to behold come the end of the month. It will be probably something very similar to when Nigel sold Glanaco for a euro to one of the BOD relations. The spin in the RNS will be a sight as I say.
@SOL not sure what you are mentioning the BOD suing Nigel for because its going private to the BOD for sweet f&5K all.
Wonder is the right word!
Imagine if they actually did something on time or competently!! December tomorrow and as usual a nothingburger, zero, nothing from the gaggle.
@sol001 yes try and vote against a delist whatever helps. There is very little we can do as they have already wrecked it for shareholders and this is not their first rodeo. I will say this however;
- you seem to have a tone whereby you are suggesting myself @mugginsthedog are somehow annoying or wrong or speaking falsehoods, we are not, however we have been played and on a few occasions. You are making suggestions like as if this is a genuine company with genuine expectations and taking genuine actions for shareholders, they are not. This is clear at this point & if they do a raise of 200k they will be back to the funding trough in 3/4 months for another raise and more dilution. Right now everyone is looking at 90% + dilution and why would you accept a 200k raise which would barely pay this gaggle for a month or two.
- Also @mugginsthedog has been years warning people over on the Deepverge forums only to be abused and attacked by Gerard Brandon share rampers. It is bizarre at this point in time why you would be doubting his comments when he has been correct on everything, start focusing on why they did not pay for an audit yet, why they had a 1 million plus contract with deepverge and nobody knows what it was even for but to drain money from Deepverge to Microsaic. Yes its all negative stuff but that is just what it is, its not positive, we wont be apologizing on behalf of the conmen.
- also I do not have insider information, I am reading (something you should do) the insider information posted by f%^ked over ex employees who are commenting on the forum and then connecting that to the obvious BS in the RNS's. They are buying and selling relations companies, they are giving wives and cousins shares, this is all fact. How this works for MSYS is Nigel Burton and Gerard Brandon will mess around with the staff of MSYS firstly and not give them holiday pay and delay pensions and p45's etc. and then you will see ex-employees posting here like day follows night just like on the Deepverge forums. We are not at that stage just yet. Eventually the truth comes out it always does. So just like Declan Service here https://www.breakingnews.ie/business/businessman-charged-in-states-first-insider-trading-case-sent-for-trial-1524468.html who sold Innovenn UK to Integenum before it was named Deeoverge, it just takes time.
- my helpful suggestion for now is to send all information that you find wrong or not proper practice to the following emails and any old or new investor I will be giving the same advice to and then father time will catch up with these people. I am not a lawyer and would also like to be part of any group action, I would be focusing on that deal whereby the board of Deepverge (which is the board of MSYS at the time) did a deal with MSYS (themselves) for over a million to get cash into MSYS. Staff and others should use these emails.
aimregulation@londonstockexchange.com
market.abuse@fca.org.