Modern Water Share Discussion Threads

[catchingmice] 25/11/2020 12:37

Thank you for that and i did accept through Halifax It was a little shock when i saw the MWG shares down over 30%I thought WTF is going as you doBest of luck and thanks for the response

[catchingmice] 25/11/2020 12:10

So is this stock finished now or is it DVRG alsoI haven't got a F-----G clue

[shark fund] 17/11/2020 12:58

Bye bye mwg - it's been a helluva ride ;)

[i036327] 16/11/2020 15:03

Iweb's line now is

"so the shares will be allocated 10 working days after we register your instruction the team are processing this at the moment"

[i036327] 16/11/2020 15:01

Does anyone have a clue what is going on here. I've been told twice by iweb that the DeepVerge shares would be allocated last week, now I'm being told that iweb haven't been provided with a timescale yet.

I accepted the offer on the morning of the 9th, expecting Deepverge shares to be allocated on the 10th?

I guess I've misunderstood something and can see me ending up with worthless shares. Surely there's an easier way of doing this?

[global nomad] 13/11/2020 08:47

and not clear why trades are still showing on mwg

[global nomad] 13/11/2020 08:45

iweb just told me they are still processing this

"We are processing this event at the moment and the shares should be on the accounts as soon as possible . There were some issues when reconciling the event so it took a little longer than expected but these have been resolved now apologies we are still within business guidelines and will credit them as soon as we can."

[brucie5] 13/11/2020 08:42

Yup, mine have been transferred. After two lots of telephone to calls...
I'm not sure anyone knew what they were supposed to be doing.

[global nomad] 13/11/2020 08:09

iweb has removed my mwg listing in my portfolio but doesn't seem to have added anything to my dvrg holding....

[2350220] 12/11/2020 12:17

Finally, my MWG Spreadbets swapped over to DVRG this morning (and divided by 10) with Spreadex.
John

[katsy] 12/11/2020 08:57

Still no sign of mine. Essentially it's like my money has been frozen for a month with no indication of when it's coming back.

[judijudi] 12/11/2020 08:47

Now got my dvrg shares 😃

[wilsonst1] 10/11/2020 16:49

What a ridiculous post .

[katsy] 10/11/2020 16:42

Hmm I wonder!! Even though MWG will be delisted it will still operate as a private company for which the CEO's will still receive a salary, paid for in DVRG shares. Does that not count is being paid twice for the same role seeing as MWG and DVRG are two of the same.

[katsy] 10/11/2020 16:35

Compo62 - yes I'm experiencing the same as you when the same broker. Kind of a relief to know somebody else is experiencing the same thing, it's not just me.

Started to wonder if I had presses the wrong button on the corporate action. Maybe there was a donate my shares to charity button that I had misread as accept Deep Verge offer!! lol

[onehanded] 10/11/2020 14:26

principle lol.

[aylesone] 10/11/2020 14:24

I calculate that as about 267 shares in dvrg, worth an extra 67 quid - nice meal out for Simon H ......

[onehanded] 10/11/2020 13:43

Simon Humphreys, CEO of Modern Water, on his 10 - 1 transfer - - the number of New DeepVerge Options granted were increased by 0.33 per cent. to provide an equivalent see through value. So holders who transferred did not get that 0.33% bonus on the 10 / 1 offer!!!!

Read and read the latest RNS. Lining their pockets.... comments? Where's my 0.33% from my transfer on a see through value lol. I held for over 1 year. it said to compensate, it was a vote and I bet they voted for it. Where's my compensation then.... campaign to get my 0.33% lol.

[compo62] 10/11/2020 11:50

My MWG shares have disappeared and have not been replaced by DVRG - iWeb/Halifax - anyone else similar?

[aylesone] 10/11/2020 09:38

Isn't it bonkers that people can still buy MWG? I tried a dummy purchase on HL and its still possible. Surely very unfair to the poor unfortunates who actually buy and don't realise what's going on!

[monkey puzzle] 10/11/2020 08:45

You need a new broker then, mine are all showing as DVRG now with 2 brokers

[judijudi] 10/11/2020 08:43

My MWG shares are still MWG shares 🤷‍a94;️