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DVRG Deepverge Plc

0.15
0.00 (0.00%)
26 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Deepverge Plc LSE:DVRG London Ordinary Share GB00BMGWZY29 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.15 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.15 GBX

Deepverge (DVRG) Latest News

Deepverge (DVRG) Discussions and Chat

Deepverge Forums and Chat

Date Time Title Posts
21/11/202409:32DVRG The worst thread on ADVFN ?1,053
07/8/202320:30DeepVerge - Innovative Disruptive Tech for Health Beauty & Environment15,543
13/10/202217:20dvrg/share prophet3
12/7/202113:15DeepVerge4
06/10/202007:34On the verge -

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Deepverge (DVRG) Most Recent Trades

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Deepverge (DVRG) Top Chat Posts

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 20/4/2023 07:54 by owenski
Anyone remember that cretin derek8454, Mr blah blah blah

First posted on 24 Oct. 20, share price 30p
Last posted on 15 Nov. 22, share price 2p

His one and only share, ouch.

No more blah blah blah then
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 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 02/2/2023 09:26 by onehanded
Bought back very early in this early am from news re-skin club being up for sale. Still a complete farce from what GB was doing BUT parts are worth more than share price now. Expect those with shares at 2p plus 3p warrants will need share price rise to that price. ONLY here for a return from what was lost last time that I held, a while back. No ramping, just a punt on news.....
Posted at 26/1/2023 14:11 by onehanded
DO NOT own any shares and though lost some money when it fell from 10p to 3p very quickly, over the previous years from selling when in profit and buying back at lower share price it worked for a good long time, though finally got done by GB and his team at the end. Was bored and contacted a old school fiend who works on the Irish Times to see if he had any info on DVRG. 2 weeks later he has found out a few interesting points. Skin division including Labskin / skin trust club could be going up for sale, may be USA interest. He could get nothing on Modern water, but staff were busy involved with countries outside UK, but look like any contracts has run dry in the UK!

Will I buy - NO - bet any break up sale goes into the present management pockets, best any poor suffering holders is the whole business gets sold rather than broken up, BUT can't see anything above 3.2p (is reason for that figure). Would need to see a massive contract with actual proven revenue OR any proven bids for the company and that would involve RNS of investor buying a large % of the shares to even think of getting back in. If I was a betting man I would say a consortium led by the crook GB and TP to buy it all. We will see.....

The whole story just shows never as part of a stable portfolio put more than 15% into 1 company, and don't keep averaging down on big falls chasing the loss.
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.
Posted at 02/11/2022 10:51 by tradingit
2018SKIN (now DVRG) was not generating any revenues. share price 0.4p pre consolation ( pc.)2022 three AI businesses under the new ticker DVRG delivering revenues of 18M (YoY doubling its revenues) with recurring revenues from around the world inc. top tier blue chip companies as customers. share price 0.2p (pc.)GO FIGURE Tick-tock POP
Posted at 31/10/2022 12:21 by onehanded
Great stuff copper.. just shows what a con man GB is. How he can still be involved in DVRG is undeliverable. Hope to see him go soon. The rumour is that GB he is going to leave DVRG all together and become permeant CEO of MSYS. He will have to boost that share price with more lies and get more for his wife shares he forgot to tell the market who sold DVRG and then bought MSYS.
Deepverge share price data is direct from the London Stock Exchange

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