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@sol001 not to down your post here and bring negative vibes but I think its important to add a realistic few layering's also here to the points you made.
- Yes we should be given the option to sell back to the company but if and when we are it will be at massive dilution and without an audit as they were BSing all along and cant afford one so the price will be at a 99.x% haircut. For example if you had 10,000 sterling in Microsaic a year ago then you would be lucky getting 100 sterling or 90 sterling back. That is how these people operate.
- An IPO in the future, if that did happen, wow, just wow that would be mad!! but if it did, rejoining would be insane, we should be warning every single person to avoid this like the plague but of course unsuspecting people will get caught like night follows day.
- GB is not on the board but calling the shots just like he did over at DVRG in order for it to go private. He is not selling anything back to Microssaic for 99.x% less than the free price he got them for. he did not buy his shares, he BS'd his way into his shares, so he is playing the long conman game.
- you also quote the RNS itself 'Company is also exploring alternative 'matched bargain facilities' quoting these conmen RNS's is the ultimate mistake as they are total BS and fabricated every single time just like all the RNS's over at Deepverge that staff have come in and stated are not true. So for the sake of anyone new looking at this lets not quote BS anymore. They are going private and in a way that maximizes the director and ex directors holding and to dilute us down to a feather, a bone would be too much.
I think you need to rephrase @mugginsthedog as the conmen have done it before (long before deepverge) and have now done it again (Microsaic see the latest RNS!!!) and will as you say do it again, likely in the January window when they go back to the funding trough!! No sooner had you posted your thread here that they had done it again ha :)
Microsaic pathetic RNS now that they cannot drain money from Deepverge anymore, it looks to be all over, or is it as they go private: https://www.lse.co.uk/rns/MSYS/funding-operational-update-intention-to-delist-v6mf9a1vgqw0opx.html
I was foolishly not keeping a close eye on developments if I am honest. All ill be advising from here on out is that everyone stays far away from Gerard Brandon and Nigel Burton, far far away from these conmen. They are likely planning fund raising and those people need to be warned. Of course everything needs to be sent to the regulators also as the same conduct is being carried out on deepverge as we type also.
As I was saying this morning, going private all along and total conmen. Stay far away.
To be honest you called this very early @mugginsthedog obviously you had dealings in the past with these con men. Chesh and co I am sure were all colluding, would be a shame to see anyone else get duped by this shower.
@LTBeliever I am not sure if you are having a laugh quoting an RNS from Gerard Brandon and Nigel Burton or if you have not clicked that each and every RNS they spit out is complete utter BS, unless backed by an actual accountant/auditor doing real grown up accounts and audits like my corner shop here in Leeds does? The reason I state this, is because well firstly and obviously it would be awful to see new "parties" get duped like we all did by these con men, that's an obvious one we all agree with it I am sure. Secondly and even more obviously a week ago the Finance Director who wouldnt even bother to be named due to the shame of even being associated with this joke was terminated as per here: https://find-and-update.company-information.service.gov.uk/company/03568010/filing-history and we are supposed to believe an RNS full of BS from 25th of September. You are having a laugh right? I am checking because the Deepverge forum was full of rampers who were colluding with the directors to ramp and pump the share price around the time of fund raises and I have no doubt the same tactics are present here with gangsters from Turner Pope etc. They are going private.
It is not connected! Does anyone have a list of all the rampers on the forums here actually, the usernames of all the rampers that pumped and dumped the stock on behalf of the directors over the past 2 years? That would be useful to send also to regulators.
Here we are in November of 2023 and not even an acknowledgement that the company is alive! No Audit, not even an acknowledgement that the auditing company was ever doing an audit in the first place. No product updates, essentially no updates in itself. Nothing, zero, a sweet f&*k you, just like Deepverge PLC from the exact same crooks running it. Amazing what AIM and the regulator lets people get away with. I thought the minimum requirement after 5 months waiting was an actual audit from 'real' auditors/accountants. What are the chances when I come back in December that exactly nothing will be done here by way of communicating the exact mess that Microsaic is in?
These are the correct emails right to use to report everything we know so far on. No RNS of note, no updates, no audit, these gangsters think they are above everyone and everything. Anyone reporting it anywhere else?
aimregulation@londonstockexchange.com
market.abuse@fca.org.uk
3 Nov 2022 Gerard Brandon who is one of people responsible for the complete shambles and dodgy accounting over at Deepverge PLC was booted out and replaced by Nigel Burton and we are now literally weeks away from basically Deepverge PLC farting its way to the grave. That took a full year for Nigel Burton to try as he may but even a full year could not recover it from the damage of Gerard Brandon and his gaggle.
So then you take a look at Bobby Moore taking over from again the notorious Gerard Brandon and looking through the creative and misleading accounting practices of Microsaic and he is only a month into the role, well, I would say he needs another year but by then just like Deepverge it will be all over as he discovers the absolute ass f&*king Gerrry Brandon and his team gave it. You would want to be insane to invest fresh money in these gangsters.
It is the middle of October and still no Audit released from these jokers. They say they will do a raise probably with those jokers Turner Pope (risk warning for sure with these guys!!) and still no Audit. A raise without a credible audit. A sunk ship.
Still a few farts left in the dead corpse it seems: https://find-and-update.company-information.service.gov.uk/company/10205396/filing-history or is it the mere smell left behind.
Zero. It will go to zero just like the investors over at deepverge have to suffer https://find-and-update.company-information.service.gov.uk/company/10205396/filing-history the shower that run microsaic also run Deepverge and they did not even bother to put out an RNS. Microsaic has yet to release the audit where is the audit?????? So zero is the best guess right now.
Nigel Burton will be currently offloading his deepverge companies through some dodgy back alley deal sealed by yet another made up RNS, probably administrators involved and no audit. Then yes he will get to raising some money for Microsaic and yes it will be a 90+% dilution of course. Why would it be anything else as the audit will fully blame his pathetic efforts over at Deepverge (while saying he has nothing to do with Deepverge :) along with Gerard Brandon and the gaggle, they have effectively run it into the ground.
What I am interested in is how Deepverge Labskin etc will be going private wiping out PIs and to whom it will go private. They are well used to selling companies to family members so it seems, so will it be family or friends this time as who in their right mind would buy it only a dodgy family member or friend without an audit and an actual set of accounts.
It's been a scam since this management team started writing lie after lie into each and every RNS years ago. Welcome to October, the last quarter of the year, and still no audit from this joke of a management team just like with their other fabricated company Microsaic. Gerard Brandon has now left Microsaic to make it look like when he buys Modern Water its not Nigel Burton and Microsaic buying Modern Water or should I say selling a company to themselves, my guess is that is in the new year, imagine if they did not conduct a thorough audit in 2023 like some people on this board are suggesting. I wonder why would they not want to unearth the scam after scam carried out here!!!
DVRG Group Financial Controller Shiv Rawal worked as the assistant manager of Jeffreys Henry LLP Group FCO before switching over to Deepverge as a direct employee, awkward at best! He must be very good at audits or at least know some 'reputable' (that's a laugh) people in the industry to carry one out, or even a black market one on the cheap, or some kind of back alley audit at the very least. Just so we can at least guess where all the money went.
Welcome to October, the last quarter of the year, and still no audit from this joke of a management team. Imagine if they are trying to hold out until the new Year to do a fund raise and in the meantime continue to mothball everything. AIM really is an embarrassment if no audit is forced to be released with an end of year looming.
Gerard the rat Brandon has now resigned from Microsaic as CEO so he can focus on his other business interests, thank god he is now free to focus on Deepverge and hopefully he can come back!!!! I remember when Lance Armstrong came back to the Tour de France and look how that turned out!
They say he resigned hmmm, how he was still there in the first place is weird right after he tanked Deepverge and released fabricated RNS after RNS after RNS. Resigned means more tricks to come @whitecells as you are alluding to I imagine.
Now it's the middle of September almost a full quarter after Microsaic and its waste of space management team should have released a comprehensive audit. Still no audit, its embarrassing as the dogs on the street know Modern Water will be bought for peanuts by Microsaic as they were effectively one and the same company for the last 2 years. Maybe the empty vessel that is Modern Water can be placed inside the empty vessel that is Microsaic and someone then can beat that drum for a louder noise. At least release the audit just for even a shred of credibility but I suppose nobody over at Deepverge could do a set of accounts so whats the likelihood Microsaic can.
@T Rat I do remember the breath test website, that was the con of all cons here. The list is just unbelievable frankly.