The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Not sure Gerard Brandon can masterbate at his age but with a little help from his old pal Nigel Burton I am sure its one big giggling circle jerk! Do these people have any clue how to manage even the smallest of things.
YES, same tricks, same people!
@boombag ,its AIM, it is the wild west, look at dodgy paddy's running Deepverge and Microsaic, anything is possible.
Thanks @mugginsthedog and wow the same thing is happening here again like clockwork. Gerard Brandon and Nigel Burton and the gang of conmen are share holders and directors in Microsaic and Deepverge, the conflict of interests here are unbelievable. The rumours over in MSYS forums is that they are looking to buy Deepverge or Modern Water from Deepverge, probably for nothing considering Glanaco was sold for 1 euro!!!! Selling a company to yourself sounds like its not in the interest of the private investors, I am assuming private investors in Microsaic know this is what is going on. It just is amazing this is allowed to take place.
@mugginsthedog what was the scam over at Alltracel basically the same thing @drdoolittle45 is suggesting? With the same people? I see Gerard Brandon and Nigel Burton are very cozy here a few years back https://markets.ft.com/data/announce/full?dockey=1323-14854518-50GAVJ9NMCCP5S0T3CJJGDCF3D Is Microsaic going to buy Deepverge, what would you bet on this unfolding?
Another Friday goes by and not a smoke signal. Those auditors must be producing the most amazing of audits. Or was that last few RNS about auditors working hard just more B&%Sh^t, I wonder!
@boombag yes MSYS and DVRG are one and the same.
Yes looks that is that and the insiders posting were all correct and the rampers like T Rat and co were still posting the nonsense until the dying moments. Really is something to go through for the company staff and investors. Amazing deception and not even a set of audited accounts to end it. Lessons learned.
No Microsaic is going private in synchronicity with Deepverge https://www.lse.co.uk/news/DVRG/in-brief-deepverge-to-be-removed-from-trading-on-aim-on-thursday-00fc5sbhscxcow2.html I assume there was no auditor or accountant doing anything on Microsaic as we are now at the end of August.
Another week goes by now in August and still no audited accounts!!! The management team really must be busy over at Deepverge dealing with the mess. Surely the auditor of Microsaic is not distracted by the Deepverge mess?
We do not know what was transferred for this 1euro sum? It is not audited at this point so those figures like every other RNS we got are likely nonsense. Are we sure it was not other assets also other than Glanaco assets transferred back to the management team of Glanaco? No we are not. Everything we dreaded this would be is turning out to be just that.
Wow it really is a disgrace, I assume the Financial Conduct Authority is involved at this point? Should their not be an RNS about this if they are? For the past year T Rat and other rampers were on here along with RNS's telling us the Glanaco operation was going well and generating revenue and it turns out it was loss making and a shambles also.
Now we find out that Fiona Joyce is off working for Gerard Brandon and Nigel Burton under a different guise or orchestrate more extraction from DVRG. Enough is enough.
It is a disgrace frankly, first week of August now gone by and still no audit released.
What an absolute disgrace this board of management was and still is.
I cannot believe I got found out on my investment here. One to write off and try and move on from.
Doolittle45 what do you mean two Glanaco companies? I am not sure I understand this, didnt DVRG acquire Glanaco Ltd here https://www.lse.co.uk/rns/DVRG/acquisition-loan-facility-for-global-expansion-eue35leih3kltrs.html in March 2022, they are an engineering company, for microtox assembly? Around the same time as the loan sharks of Riverfort Global Opportunities PCC Limited got involved.
Unfortunately no "smart" auditing company would touch DVRG in the first place or infact MSYS as they do not want to be the whistle blower here, life is too short. I pointed this out before, the current 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! Shiv Rawal literally stood over the 100% overstating of accounts in 2022 along with Camilus Glover and is still employed to this day! Andrew Waters took a good look at Shiv work and probably said I am running for the hills now. MSYS is not doing an audit right now, they are sitting tight wanting to go private, obious because its August now!
FCA and SFO would need insider information to get going on it and the threat of publication with journalists if they do not get off their asses and work on it. Even the idea being pushed by T Rat and others on the forum that Modern Water and Glanaco are doing deals with anyone is fraud, the staff have not even been paid! I would say the staff have a battle on their hands now firstly and when they get dragged through the coals that is when the real information lands and we will all be educated on Gerard Brandon, Nigel Burton, Fionan Murray, Camilus Glover and Shiv Rawal.
It is frankly soul destroying to watch this, CFO Andrew Waters runs for the hills after less than 6 months! Nigel Burton is some CEO. CFO saw the accounts I'd imagine and decided enough is enough, why carry the can for all the fraud and deception. I am sure the CFO over at MSYS is working night and day while I was on vacation to now get these accounts out to us!!!
Ok so yesterday legal secretary Fiona Joyce resigns and now today the experienced accountant brought in to steady the ship runs for the hills after less than 6 months. Maybe Gerard Brandon (T. Rat) and Nigel Burton will post some social media stories about how well the wheel washing business is going for Glanaco or some deal Modern Water have done in Uzbekistan or Turkmenistan or Chernobyl. It is reasonable however for Andrew Waters to get out before legal and accounting investigations take place.
Dr Nigel Burton, interim CEO DeepVerge plc, commented:
"I'd like to thank Andrew for his significant contribution since joining the company in February 2023. Under difficult circumstances he led the process of identifying and correcting the material mis-statements of revenues by previous management as announced on 17 April 2023 and subsequent efforts to support the board in providing information to potential buyers of parts of the business. We wish him well in the future."
I have gone on vacation and just returned and it looks like the auditors have also taken a vacation, August and still no set of accounts. It really is starting to mirror the behavior of DVRG, loads of social media good news but as the saying goes, an empty vessel makes the loudest sound.
"The company is not currently in any trouble", ok! I believe you will find this comment will not age well! Gerard Brandon and Nigel Burton are running MSYS you do know this right? These are the 2 deception artists that actually used your line back at the end of 2022 with the DVRG accounts and all PI's are actually searching for even a shred of truth in any RNS that deepverge issued in the last year or two. A staggering comment to suggest MSYS is not in trouble. With the next funding round all current investors will be wiped out, that is the degree of trouble they are in. If we had a set of accounts we could try and factor in to what degree the wipe out will be, but that is currently a stretch for MSYS.
Should we consider this insulting that they are jetting off to conferences but wont release a set of accounts? or should we think they are doing just supremely.