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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Deepverge Plc | DVRG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.15 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.15 |
| Industry Sector |
|---|
| HEALTH CARE EQUIPMENT & SERVICES |
| Top Posts |
|---|
Posted at 22/8/2023 07:53 by cocker Has anyone else seen the news that dvrg will delist this Thursday? |
Posted at 19/4/2023 13:18 by sweet karolina2 So not quite technically insolvent YET, provided others pay what they owe DVRG. But will they?Even so as a cash burning company it is only a matter of time before the lights go out without a fairly major placing. |
Posted at 19/4/2023 12:34 by onehanded I see the latest RNS say DVRG have enough money at present, so we will see. Expect being lined up for a takeover at what could be a cheap price. NOT temped to buy here again but watching it play out. Those who took the offer at 2p must be hoping for a buyer..... As for MSYS it fails if DVRG does. |
Posted at 19/4/2023 12:30 by katsy Msys will have first dibs on any dvrg assets remaining if dvrg fail. GBs wife will be sitting pretty. |
Posted at 19/4/2023 07:56 by bbmsionlypostafter mk2 Deepverge (DVRG) published a trading update on 17 April in which it admitted that more than half of the calendar 2022 sales boasted of in its previous update were, in fact, fiction. That might be praised as an honest ‘fess up. But following an update from Microsaic (MSYS) on 18 April, it is clear that Deepverge deceived investors. I have written to the Oxymorons... |
Posted at 24/3/2023 11:01 by goforgold1 Change of AuditorDeepVerge (AIM: DVRG), the environmental and life science group of companies that develops and applies AI and IoT technology to analytical instruments for the analysis and identification of bacteria, virus and toxins, announces the resignation of its auditor Jeffreys Henry LLP. The Company has appointed Haysmacintyre LLP to act as the Company's Auditor.Jeffreys Henry LLP confirmed in its release letter that there were no circumstances which they considered should be brought to the notice of the members or the creditors of the Company.RED FLAG FED FLAG MUDT HAVE FOUND OUT MORE SKELETON S IN CLOSET |
Posted at 13/3/2023 18:18 by goforgold1 My case is going slow but we are winning.DV has shutdown operations in the US. So it's difficult to hear things anymore..Might be hard now to find out info my source finding hard to find things now. As DVRG have closed USA down . .I said bust by March might still happen . Looks like they have nothing in China as well now. Waiting reply on that. |
Posted at 02/3/2023 19:11 by thetrotsky GFG1, You really are a muck raker. Try actually reading the RNS! The Broker Offer was NOT underwritten. The intention was to raise £1m (although, if there was sufficient demand, the offer could have been extended to £2.5m with the express agreement of the company). In the end, after scaling back to give preference to existing shareholders not involved in the £10m Placing and Subscription, an additional £800k was raised bu the Broker Offer i.e in addition to the £10m. TP were not left holding any unsold shares; they were never issued.As for the £18m of sales in 2022, I have no reason to believe at this juncture, other than your unsubstantiated allegations, that they didn't arise. DVRG's problem wasn't, and never has been, making sales; DVRG's problem has always been that due to its rapid sales growth it had insufficient cash to fund its inventory and trade debtors (this is common problem with high growth companies and is not unique to DVRG). Given your inability to read and understand quite basic RNS, forgive me for doubting you your financial acumen. As far as I can see, you are now simply driven by malice. I, for one, haven't forgotten your previous ramping posts when you used to be GB's number one fan. Get back in your hole. PS. The c11.2m Lender Warrants are exercisable at 2p i.e. the warrants necessitate the lenders paying DVRG 2p per new share issued (rasing in the process up to c225k for DVRG). There does not appear to be any time limit placed on the Lender Warrants being exercised. So, exercising the warrants now, let alone selling the acquired shares, whilst the share price remains sub-2p would be non-sensical. PPS. Likewise the c135.2m Placing Warrants are exercisable at 3p i.e. the warrants necessitate the Placing, Susbcriber and Broker Offer shareholders paying 3p per new share issued (raising in the process up to c£4.1m for DVRG). Furthermore, the Placing Warrants must be exercised on, or before, 15 November 2023 (otherwise the warrants lapse). Exercising the warrants at 3p, let alone then selling the acquired shares, whilst the share price remains sub-2p would be non-sensical. PPPS. The c50m Broker Warrants and c12.5m Broker Further Warrants are exercisable at 2p and 3p respectively (raising in the process up to c£1m and c400k respectively for DVRG). Furthermore, the Broker Warrants and Broker Further Warrants must be exercised on, or before, 15 November 2025 and 15 May 2024 respectively (otherwise the warrants lapse). Again, exercising the warrants at 2p/3p, let alone then selling the acquired shares, whilst the share price remains sub-2p would be non-sensical. PPPS. All warrants are a right to buy a given amount of shares at a given price at a future date (which may, or may not, be fixed). Unless the warrants are £nil paid (which the above warrants are not), they are not a licence to make "free" money as you imply. So stop spouting your financially uneducated gibberish. |
Posted at 06/2/2023 17:45 by 5oletrader For anyone that missed the RNS posted at 17:30hrs:Deepverge PLC Significant contract win and Board changeSource: UK Regulatory (RNS & others)TIDMDVRGRNS Number : 0782PDeepverge PLC06 February 20236 February 2023DeepVerge PLC("DeepVerge" or "the Company" or "the Group")Significant contract win and Board changeDeepVerge (AIM: DVRG), the environmental and life science group of companies that develops and applies AI and IoT technology to analytical instruments for the analysis and identification of bacteria, virus and toxins, announces a significant contract win, change to the board and to the role undertaken by an existing director.Significant contract winGlanaco, a subsidiary of DeepVerge acquired in March 2022, has secured a EUR10m (circa GBP9.3m) order from an existing customer in Central Asia for the design, assembly and supply of multi-function mobile equipment for use by municipalities for applications including cleaning, decontaminating, de-icing, and salting streets and public areas, with relevant data generated by the bespoke software designed by the Company's subsidiary Rinocloud.The order comprises a design licensed to the customer, the initial cGBP3.2m revenues for which were included in the GBP17.2m (unaudited) total for 2022 announced on 9 January 2023, and production of 100 units which are contracted to be delivered in 2023, starting in March 2023, with revenues of cGBP6.1m. The order for 100 units will be managed by Glanaco's plant in Cork, Ireland where all assembly and testing will be undertaken.Board and Management changesFionan Murray has stepped down from the board with immediate effect to concentrate during his notice period on maximising the value of Skin Trust Club and Labskin Division, in line with the announcement on 20 July 2022 that the Company is exploring a range of options to meet the unprecedented demand for Labskin services and the accelerating growth of Skin Trust Club.Dr Nigel Burton, interim CEO DeepVerge plc, commented:"I'm pleased to be able to announce this contract, which is a significant contribution to the 2023 order book and revenues.I'd like to thank Fin for his significant contribution to the development of the Company since the acquisition of Rinocloud in 2019. We wish him well in his future endeavours." |
Posted at 10/11/2022 13:35 by sweet karolina2 gfg,There are 2 reasons why I say just look at the cash flow. The first is as stated, ie it tells you when the company is likely to run out of money. The impact of DVRG running out of money can be seen very clearly now in the share price graph it was foreseeable much earlier before the share price crashed. DVRG will run out of money again and be looking to raise about this time next year - probably could make it to after Christmas, but it would be running on the smell and that is not a good position to be trying to raise money against. The second is that unless they are lying about the money in the bank (some total frauds have done this) the figures can't lie to you. There are legitimate ways to fudge revenue and profit and many less than legitimate ways to do it too. Without some forensic accounting it is impossible to know whether the fudging is legitimate or not. It would only be if DVRG were to be revealed as a total fraud that forensic accountants might get called in - they are expensive and when the company is broke there is nobody to pay for them. Quite often the liquidators just want to get their job done as quickly and painlessly as possible, especially when there is not enough going to be realised from the sale of assets to cover their fees. The Official Receiver might do it, but only when it is in the wider public interest because the tax payer will be picking up the tab for the costs of the investigation and any subsequent prosecution. All that only happens long after shareholders have lost all their money. Creditors might get some of their money back from liquidation, shareholders always get 0p. The only answer for PIs is to DYOR properly and apply critical analysis and keep on applying it as things change. The first step in critical analysis is to ask how much confidence can I put on this information. Most BBs are completely useless for assisting with critical analysis as they are generally just echo chambers for people who are already predisposed to believe any good news about the company. BBs do have some benefit when there is a balance from people who are predisposed to believe bad things about the company. Whilst individual posts won't be balanced, the balance is achieved by the 2 sides posting. In order to overcome personal bias, the trick is to place more confidence in the things you don't really want to hear and put more effort into disproving them for yourself. Presenting that proof back, rather than just calling the poster who provided it names and ignoring them, should then allow for further useful discussion which may end up with all parties having a better understanding on which to base their own investing decisions. All very idealistic stuff, which makes most BBs just a source of entertainment rather than a useful tool that helps PIs. DVRG does not smell like a total fraud (eg like WRN) to me (I could be wrong). It is just a relatively poor business proposition, run fairly badly by people who were prepared to do bad things. It is not all that different from most companies at the bottom end of AIM. |
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