In today’s podcast I cover Chill Brands (CHLL) and Guild E-Sports (GILD) as both prepare to publish results.I look at lessons learned, or rather not learned by the Oxymorons at AIM Regulation, from Deepverge (DVRG) and I comment on Union Jack Oil (UJO), its disgraced boss David Bramhill and its inevitable cashburn.
As I explained in detail HERE, Gerry “the arse” Brandon and Deepverge breached AIM Rule 11 ahead of last June’s bailout placing. That AIM Regulation has allowed “the arse” Brandon to keep his job shows what a joke market the Casino is. For today, six months after that bailout placing at 30p, the shares are 20.25p, sliding and still monstrously overvalued. Had the Oxymorons publicly censured this company and Gerry the arse, investors might have got out before today’s shambles.
I refer not to life at the Welsh Hovel where I have more workman issues but to Dev Clever (DEV) and my exposé of earlier HERE. I also comment on Verditek (VDTK), Deepverge (DVRG) run by journalist trolling arse Gerry Brandon, the serial AIM Rule Breaker, and Kefi (KEFI) where I remain a loyal, if somewhat trappist, shareholder.
The top non-Tom article this week is Three Shares You Just Don’t Want To Own as they should all go bust! by Nigel Somerville at number two or number six if you include the Bearcasts.
The journalist trolling arse of a CEO, that is Gerry Brandon of Deepverge (DVRG), has already been exposed by this website for breaching AIM Rule 11 and misleading investors ahead of his last bailout placing. But today comes news that such deception has happened before. Gerry, you are a very naughty boy indeed and if you had a shred of integrity you’d be quitting in disgrace right now.
Tomorrow, I shall tell you about a young man in despair, naming no names but what it says about this country. Today, I look at Powerhouse Energy (PHE) options and warrants, Zoltav Resources (ZOL), Sensyne (SENS), Supply@ME Capital (SYME), Parsley Box (MEAL), Deepverge (DVRG) and Chill Brands (CHLL).
It has been three months and ten days since places in a £10 million offering at 30p from AIM listed Deepverge (DVRG) got their stock. At mid they are now 25% down with the shares at 22.5p. Folks who took part in the placing were misled by the company as to its trading position as it breached AIM Rule 11. I have again written to AIM Regulation demanding that formal action be taken. That letter is below. Meanwhile should punters hang on?
I start with one big story, the Stagecoach (SGC) & National Express (NEX) bid talks. The other big story is the word “bird” being dubbed sexist at an insane Barclays (BARC) employment tribunal which I cover HERE. I also look at Versarien (VRS) ahead of its AGM, Chill Brands (CHLL) ahead of its AGM and at regulatory issues for Eurasia (EUA) and Deepverge (DVRG) where the wrongdoing is as plain as day.
This should be an open and shut case and, if only pour encourager les autres, Deepverge PLC (DVRG), its Nomad SPARK Advisory and its journalist trolling arse of a CEO Gerry Brandon should be served up with a severe public censure. I have written to the Oxymorons at AIM Regulation below.
Last week’s interim results from Deepverge (DVRG) demonstrated how it had misled investors as to its lack of, even EBITDA, profitability and its near insolvency in the run up to the June 7 £10 million rescue placing at 30p. Now wonder the shares have been sliding ever since, they are now just 26p to sell. Anyone holding this stock is insane in backing a company that, through omission not act, misleads folks as to how it is trading. Good companies just don’t behave that. Only bad companies run by scumbags like Gerry Brandon.
I discuss a fascinating article about XL Media (XLM) HERE in the Times of Israel. If I wanted to list a fraud I’d be big on ESG as was XL. Chris Bailey’s fund manager pals would love it as I stole all the cash. I look at gender targets and ask what they should be, referencing Principals of Cambridge Colleges. I look at Mercantile Ports (MPL) and PrimaryBid and then what I plan, or hope, to do next about the fraud Umuthi (UHS), ask the victims to tell their stories. I look at Paul Johnson’s Power Metal Resources (POW) and its latest news which takes me back to 2007 and Mark Watson Mitchell’s Yellowcake. I comment on Asimilar (ASLR) and then go to town on Deepverge (DVRG) and its journalist trolling cock of a CEO Gerry Brandon explaining why I believe investors were materially misled in the run up to the £10 million June 7 placing and why the company is, for a variety of reasons, a total bargepole. It is just not investment grade material.
For pointing out what an overvalued crock is Deepverge (DVRG) and how the maths of cashburn did not stack up, its arse of a CEO took to trolling me on twitter, a medium he uses to ramp his shares in an alarming manner. Today’s interims vindicate me and show why anyone believing Brandon deserves all they get. Notwithstanding the company’s Covid play based, literally, on piss and pooh, the valuation is a joke.
I end with another appeal for brave Ian Westbrook. We are now just over £7,000 from making Neill Ricketts of Versarien (VRS) sweat like the loathsome pig he is. Please do donate HERE. I start with a comment on Kefi (KEFI) from the horse’s mouth, and a look at the fraud Zoetic (ZOE), Deepverge (DVRG), Moonpig (MOON), Uru Metals (URU) and the Zak Mir top of the market call.
Previously writing on environmental and life science company DeepVerge (DVRG), in March with the shares at 32.5p I noted the balance sheet and concluded the businesses’ track record and an already more than £56 million market cap saw me continue to avoid. It has since raised £10 million of new equity at 30p per share and now announced full-year results (at a 5:28pm, hmmm!). So what now?…
Self-styled “environmental and life science AI company” DeepVerge (DVRG) has made an update including “FY 2021 guidance remains at £10m with £3.6m already received in Modern Water orders in Q1… 2021 looks to be a promising year for DeepVerge with progress ramping up and particularly strong interest from China for our Microtox products, as well as our new Labskin offerings”. What does that mean though in relation to a current 32.5p share price?…
A “Prod’n orders worth $5m for Modern Water Equipment”-titled announcement from self-styled “environmental and life science AI company” DeepVerge (DVRG), and the shares are currently up around 5%, at above 31p, in response. So what’s the detail?…
Previously writing on Deepverge (DVRG), last month I warned as the shares moved ahead to 36p. Today the company makes an announcement CEO Gerard Brandon emphasises “opens up additional opportunities to jointly development new products and services by working with… experts adding smart AI cloud-based data analytic technologies and best-in-class engineering”. What’s the detail?…
An announcement from DeepVerge (DVRG) headed “DVRG confirms maiden Q4 profit;guides £10m in 2021”. With the shares currently moving ahead on the back of this to 36p, the market cap is approaching £60 million. So value? Er, nope…
And now from Wales, by just 30 yards, it is my new weekly video show. This costs 99p per episode, and you can either listen to, or watch, some sparky interviews with Richard Poulden of Wishbone Gold (WSBN) where – no sniggering at the back – there is a case made why this could be a hundred bagger, and bear raider Gabriel Grego on the markets, shorting and on Penumbra, a potential zero. Plus I have a few thoughts on Deepverge (DVRG), pillow talk at dog Powerhouse (PHE and other matters.You can access the show HERE
Two weeks ago Remote Monitored Systems (RMS) shares traded at 2.65p giving the company a market cap of £40 million. I warned you then in this column and have since been double vindicated. The shares are 2.25p now but that is still far too high…
That put an end to his nursery day halfway through the practice for the Carol service. Anyhow, he is now back here with me and Maddie Moate and recovering. In today’s podcast, I discuss a change of name from Concepta (CPT) to My Health Check (MHC) and Wishbone (WSBN) en passant then am upset that Powerhouse (PHE) is still not answering my questions about related party (no sniggering at the back) transactions. Then, in more detail, DeepVerge (DVRG) and Zoetic (ZOE).
Much ramped DeepVerge (DVRG) has very kindly put the presentation it gave on December 1 to lucky clients of its corporate broker, the esteemed house of Turner Pope, on its website. Have you read it? I have rarely seen a more compelling sell case in my life. No wonder the shares are tanking. Off another 10% today to 23.5p; I am slashing my target price from 10p to 5p.
In today’s bearcast I look at Concepta (CPT), Novacyt (NCYT), DeepVerge (DVRG) – target 10p – , Supply@ME Capital (SYME) – target 0p – and Powerhouse Energy (PHE)
I start with Joshua’s Advent calendar and ask you to guess a question about the Bible knowledge of the under 30s. Then it is on to Vodafone (VOD), DeepVerge (DVRG), Sosandar (SOS) and Caspian Sunrise (CASP).