Member Info for yankee_d1000

Sol001 allow me to answer some of your speculation here as you raise interesting points.

You say: We have a separate Auditor to deepverge is that right?

Considering the board is the same for both MSYS and DVRG why not have the Auditor the same also, much easier to align releasing results and manipulating the market that way. So one would assume from track record they are the same, but even if they are not 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 but who cares right! Shiv Rawal probably did a few DVRG audits in his time so maybe he can help out with the new Auditors also on MSYS, therefore a win win.

You say: I guess we are waiting for the settlement to have an accurate '22 report?

We are waiting for the board of MSYS/DVRG (the same board) to leave DVRG slide into a de-list situation and therefore no accounts for DVRG are required to be audited. 7 days this statement will be proven incorrect or correct.

You say: Dvrg are probably in the same situation where they need to add these figures as well.

Yes DVRG have been trying to add these figures for the last 2/3 months now. However as per their last few RNS they are not great at accounting, could take another month to add in these figures. The current DVRG Group Financial Controller Shiv Rawal might be busy with over-employment as they say here in the US, doing a little with the auditors and the company.

You Say: They seem on the ball to raise funds by downsizing and have the new contract with glanaco Ltd worth 2.3m.

Yes DVRG are very much on the ball, they are down 99.5% from their all time high and still achieving new lows daily, very much on the ball. Infact they overstated their revenue for 2022 by 100% as pointed out in their April RNS https://www.lse.co.uk/rns/DVRG/2022-revenue-update-revision-we4hkfrrzhioxh3.html slick as a whistle you might say.

You Say: It's just raising the funds in time to avoid being suspended from Aim until a report is issued.

Indeed, why would anyone these days have the bar so high when it can be so low. Only a matter of doing those things called the accounts each year and raising some money. Totally agree with you, nothing to see here, avoid suspension and its a strong buy signal.

Sol001 it would be a ridiculous and laughable idea if MSYS would buy out DVRG, basically Gerard Brandon and Nigel Burton have set DVRG on a path to de-list without a single update to shareholders and when it does de-list and possible administration then Nigel Burton and Gerard Brandon of MSYS, yes the board is basically the same, snap up DVRG for a dime and wipe out Turner Pope (whatever reputation they have left) and the PI's of DVRG and that is all legal. So yes it could and will happen but how you think that is good in the long run is bonkers.

Existing share holders should only be warning others of the toxic and seriously questionable behavior of Nigel Burton and Gerard Brandon so they do not burn PI's again in MSYS and burn them they will as night follows day. The RNS will not come, a de-list will come first of DVRG and then no RNS is necessary from this so called board of MSYS and DVRG.

If the RNS is a positive spin just remember the red flag that it will be, things cant be all roses when the building is on fire!

Water-man ,you say be careful!!! yes yes of course this is a great price buy now it will go up! My god one finds all types in AIM for sure, what brought me here I will never know! Life lessons! Qatar is about as real as China Resources was for all anyone knows here. The likelihood is by June30th or before the stock will de-list and will be followed by a strike off where you and I have no say over anything and MSYS and Nigel Burton will buy DVRG from Nigel Burton at DVRG, it is a complete joke at this point. What exactly are we being careful of and what large instrumentation company wants to buy what is left which is for all intents and purposes a wheel washing company!!! Modern Water is an aged dying instrumentation company with zero engineers working there. Drink some coffee and wake up.

All Labskin and STC staff are being let go, all. Not some, all.

LTBeliever I know everyone has resorted to just praying at this point and we all have a tiny bit of hope left however if MSYS came out before the 30th and released positive profitable news everyone should be raising serious eyebrows and in my view that is a massive red flag. Remember DVRG did the same thing end of 2022, while losing staff and sales and entering a global bear market, DVRG issued a record year revenue which was 100% overstated we subsequently found out!!

MSYS share the same board as DVRG effectively. DVRG is all but ruined now stock and reputation wise and is MSYS largest customer and its very own Market Cap is now less than the money owed to MSYS for supposedly services done yet nobody cares to point out what services could possibly account to 1.4million from MSYS that a failing DVRG needed??

My guess is MSYS will come out before months end and have a very positive spin, but everyone involved in both businesses has surely learned their lesson at this point. It is not negative commentary at this point to point out all these facts. Again zero update from the board today on why over 30% of the stock in a single day has been wiped out. It would be utter reckless behavior to get involved in MSYS and DVRG with the potential debt they now owe also.

I would suggest don't wonder too long on that one!! If MSYS comes in and picks up Modern Water or Deepverge in a de-listing situation for next to nothing due to past directors selling out their shares in DVRG well they will double their share holding in MSYS on that deal alone. So I would suggest this sudden drop in the last few days before a de-listing are large shareholders indeed.

Agreed, unfortunate but true. It is starting to look very very very dodgy to say the least. Might be a case to reach out to suppliers and see if they have been left high and dry like the shareholders and seemingly staff have also. Maybe everyone is receiving the silent treatment.

No offensive to yourself tqhussain, but if only Nigel Burton had the professionalism to actually update share holders himself with this information directly. Silence is what we get. I wonder with staff leaving, have services and rent been paid, suppliers have they also been paid. Will the next RNS address the debt owed on these elements.

As soon as it de-lists no RNS is needed to the share holders as such, is this the tactic one wonders. Imagine if that is actually the path on this. Maybe today we will all be put at ease with an RNS update not that any of the previous ones have been accurate unfortunately.

ForrestGump , you understand the board of MSYS is the board of DVRG correct? Nigel Burton, Gerard Brandon and the other directors lurking in the background, it is one and the same unfortunately. So yes it is likely Nigel Burton CEO of DVRG will do a deal with Nigel Burton director of MSYS and Gerard Brandon ex CEO of DVRG will do a deal with Gerard Brandon CEO of MSYS, that is certainly likely and will unfortunately be a self enrichment scenario from an ownership perspective. As you say time will certainly paint the picture of Gerard Brandon conscience.....

Exactly right, when a company goes into a de-list and ultimately administration a whole new set of parameters come into play in terms of official offers. Let's see if this materializes maybe I am wrong, but the lack of RNS updates and lack of any RNS on the outcome of the Audit on DVRG and complete silence from the 2 boards which lets face it is the same board for DVRG anf MSYS is telling at this juncture. MSYS is not going to buy DVRG at fair value, it will do it after a de-list and administration and if Nigel Burton buys from Nigel Burton in that situation is this all fine? Investors happy with this? Broker happy with this?

I am here as of course looking at the complete destruction of the share price in DVRG (down 99.x %) by the board which included Gerard Brandon and Nigel Burton together which coincidentally is also the board of MSYS I am starting to think that DVRG who is the biggest current customer of MSYS is in serious trouble of de-listing and ultimately failing which would of course impact MSYS.

I believe the overarching concern here is not that the stock of DVRG having to be suspended, it's that are the board (Nigel Burton and co) purposefully letting the DVRG stock drift into a de-list situation without any audited accounts before June 30th which is a major failing of any AIM company because at that point it might present a cheap buying opportunity for guess who Nigel Burton and Gerard Brandon who happen to also share the board of MSYS. So is it a case of should the stock be suspended before the 30th or has the stock already purposefully been set on a path to suspension to create opportunities for MSYS. It is starting to look more and more like this as the days tick by unfortunately and worryingly as this situation presents serious questions for Nigel Burton who is ultimately buying from Nigel Burton and Gerard Brandon who strangely is an active CEO on AIM still.

I believe the overarching concern here is not that the stock should be suspended, it's that are the board (Nigel Burton and co) purposefully letting the DVRG stock drift into a de-list situation because at that point it might present a cheap buying opportunity for guess who Nigel Burton and Gerard Brandon who happen to also share the board of MSYS. So is it a case of should the stock be suspended before the 30th or has the stock already purposefully been set on a path to suspension to create opportunities elsewhere. It is starting to look more and more like this as the days tick by unfortunately and worryingly.

LPorter , unfortunately CHLL and ARB are not DVRG and MSYS as they both don't share the same board (Gerard Brandon and Nigel Burton, I think we can all assure you here if those 2 were on the board of CHLL and ARB it would be 99% down and not 600% up) and the same decline and are both not drifting into a de-listing situation, which by way of no update on the progress of the auditor, we can only assume that by end of the month the stock does de-list and administration beckons.

I think most reasonably sane people here will assure you a de-listing is far more probable by June 30th than a 600% rise in the stock! Pains me to say it but lets just wait a few weeks to see if the 600% rise materializes or the full collapse. The latter seems very likely now with little or no update from the board via RNS and no audited accounts complete, and staff being let go and divisions closing down etc etc...

One question that does remain is Nigel Burton MSYS allowed to buy Nigel Burton DVRG in order to become one whole Nigel Burton once again or has he sub-divided himself so much that well, becoming whole again is not scientifically possible.

RNS June 5th states "If the Company is unable to publish its Annual Report and Accounts by 30 June 2023 in accordance with AIM Rule 19, then the trading in the Company's ordinary shares on AIM would be suspended from 7.30am on Monday 3 July 2023 until such Annual Report is published. Any such delay would be likely to be limited to a matter of weeks." Seems an interesting scenario to warn us all about ahead of time...

Now I would assume from the same RNS that auditors "Haysmacintyre LLP" are paid up and working on the audited accounts as we speak and DVRG board are not just letting DVRG de-list without having auditors actively work on the accounts. If the new auditors have NOT been paid and are NOT working on the audit right now, well this warning quoted above seems a bit like using AIM Rule 19 against the share holders of DVRG, because if DVRG does de-list and does go into administration well it creates a buying opportunity for Nigel Burton CEO of DVRG to buy up DVRG (after all he is a board member with Gerard Brandon on MSYS) cheaper than he would otherwise need to pay for it. Seems an interesting scenario to be concerned about....

New board you say? Nigel Burton is the CEO of DVRG and is on the board of MSYS. Gerard Brandon was the CEO of DVRG and now oddly seems to be the CEO of MSYS. Has Camillus Glover resigned, Andrew Waters seems to be missing in action was he not the guy supposed to steady the titanic? Has the rest of the board changed? Maybe I missed that RNS and the board has changed, but it looks very very much unchanged from the websites.

This link you provided has little or nothing to do with Modern Water.

The only question one needs to ask about Modern Water is will it survive if the auditors to not complete their audit by June 30th, is administration inevitable and is the board of DVRG and MSYS infecting it and other divisions as they are one in the same it seems.

Baskervilleboz , you mention that DVRG agreed to buy a firm that tested waste water for Covid-19 can you please let us know what company this is? I only see DVRG buying Modern Water and Glanaco and cannot find anything on both websites relating to Covid 19.

It is certainly not Russia but fittingly radioactive nonetheless. Almost the same geiger counter measurement from the post where Gerard Brandon moved from Deepverge over to Microsaic!!! And Nigel Burton (wait he actually shares both companies now) and does the list go on here: https://www.microsaic.com/about/#team in-fact it does, Alex Chapman seems to be an ex DVRG management team member also, strange times.

Some pressing questions for existing shareholders should be:

- Who is the next Auditor for DVRG and why has this not been announced with the end of June fast approaching and the previous Auditor's parting company. Considering the current DVRG Group Financial Controller Shiv Rawal worked as the assistant manager of the ex Auditors Jeffreys Henry LLP Group FCO before switching over to Deepverge as a direct employee, you would think Mr. Rawal would be cozy with another Auditor and could put us all at ease. We assumed Andrew Waters FCA was going to provide clarity over financial affairs in DVRG, more fool us, at this point he has been abysmal https://www.lse.co.uk/rns/DVRG/board-appointment-o6z1euhaena10vq.html

- Secondly is a de-list inevitable at this point? And one would assume there are regulatory guidelines in place that in the event of a de-list and utter failure to investors (zero updates on the audited accounts and running very close to a forced de-list from AIM) that the board at DVRG who very very oddly mirror the board at MSYS are not simply avoiding updating us in order to create a cheap buying opportunity. Let's hope Nigel Burton is doing things in the best interests of DVRG and not MSYS at the present time. But maybe just maybe Nigel wants to buy Nigel's company from Nigel. Anything is possible considering the behavior of DVRG handling of accounts in the last 6 months and the amount of DRVG staff looking for work on LinkedIn. I digress..

These are more important talking points than a radioactive post frankly, albeit a fitting post before a de-list from AIM at this pressing time-frame. Anyone care to share their thoughts on who the Auditor is, why the silence on it even from the new Andrew Waters hire, why the lack of transparency?

You suggest MSYS is undervalued due to all the bad news, maybe all the bad news is correct and therefore the correct value. MSYS is not like APTA and is not developing a novel Alzheimer biomarker test. Infact its developing nothing as break through as that and its largest customer DVRG had a microbiome biomarker test and its shutting down by the looks of recent RNS posts and also the fact all their staff are now on LinkedIn looking for future work. Also what is the name of the Auditors currently employed considering the previous Auditors have pulled out, DVRG and MSYS share the same board do they share the same Auditors too?

You see a big gamble at the end of the month, wishful thinking considering the track record of DVRG and MSYS frankly. Also it would be interesting to hear from APTA if they are still supplying Optimer binders to DVRG, maybe we should ask them. I would guess no. 211% up in 2 weeks just because we finally get a tiny piece of clarity on a set of audited accounts that we should have gotten months back is speculative to say the least. We live in hope.

I think you will find the coming nasty surprises are in the complete demise of DVRG and its reputation and board which Microsaic unfortunately and bizarrely inherit in both personnel and its main customer.

Please provide evidence that Modern Water does anything with APTA. We have not heard any update or RNS on this with any clarity. If APTA had any sense at all strategically they would stay a Chernobyl mile away from Modern Water! Unfortunately as per DVRG its a vacuum right now and the current trend will continue downwards.