The engines have fired up at last for MDX. ( BPRG ) At long last they are being recognised for the force they will become over the next two years. On the cusp of disclosing huge revenue-earning deals with Global pharmacists. These have been hinted at as being unrolled before the years end, but may be in the next days.You still have time to get in at a bargain-basement price before the SP takes off for real shortly.

WELL I HAVN'T REARED ANY PIGS FOR 50 ODD YEARS, AND I'VE NEVER BEEN PAID FOR IT.

How much do they owe me, makes you want to laugh.

Good to see a more balanced , reasonable and sensible discussion today.

15 minutes. No trades?... Thats a first!

Couldn't agree more Dil :)

Mdx would not appear to be the most obvious stock to short at this moment in timeand it looks very much over the last couple of days to be getting more difficult.I notice sells with a lot less impactcould mean the expensive partys overThe more I try and weigh up this carnage of an SP the less blame I feel should go to RTHe has made the odd misplaced and mistimed remark but has continually delivered the goodsThe growth being well above my expectations.I cannot comprehend how any sane person would want to sell this stock at this SP if we had a level playing fieldThe problem I have is how bigger slope is there80% of my shares are now in certificate form! The other 20% is covered. We will see which piece of mind blowing info will force mms to raise the SPI take the p*ss of course. Huge calls and interest in mdx will surely now make the pirates think!

The Chinese know how to party. Fantastic! 2012 Olympics - London committee must be shi**ing themselves I think they will need more than a box of Standard Fireworks

We are down to a stock exchange.dont seem to be a lot of surplus! Going to concentrate on something far more interesting now.glass of wine.. Olympics.have a great weekend.

Maybe they'll hold the MDX AGM as the finale to the 2012 opening ceremony , that should top anything you've seen today.

Excellent post over on the other side.long but worth a read.
BertieBru - 8 Aug'08 - 17:05 - 100420 of 100422

This is the situation,

Background:

(1) I wrote to the Prime Minister complaining about the failure of the FSA(Financial Services Authority) to regulate markets not only in the case of Northern Rock and other banks, but, more importantly in the case of small companies.

(2) The PM passed the matter on to someone, through Alistair Darling, but that person said it wasn't a political matter, to address any complaints to the FSA . The government just didn't want to be involved

(3) I copied the letter to the PM to Dr Cable. He also received a copy from a constituent.

(4) On 16th April Dr Cable wrote to Hector Sants, Chief Executive of the FSA on behalf of his constituent and myself asking what action the FSA was taking in respect to market manipulation with particular reference to Meldex International Plc.

(5) In the second half of May Hector Sants replied to Dr Cable and the reply was copied to VC's constituent who copied it to me. I have had no further news since that date (27th May).

Current Situation:

(1) Manipulation of the share price is continuing on a daily basis. Unbelievably the SP of the fastest growing pharmaceutical company on the London Stock Exchange has moved down from about 78p when I wrote to the Prime Minister to around 33p this afternoon.

(2) The 'fastest growing' label is supported by the fact that Meldex International Plc came out with a Trading Update showing 270% growth in the first half of this year. Despite that, shorters have piled in and the share price has been attacked every day since then. There is no singn of any action by the FSA.

(3) Worse still rumours have been fed to the press and despite all the good news from the company the press rumours have been totally destructive. The Daily Mail in an article by Geoff Foster on 29th July stated.

"Rumours suggest a profits warning will be wheeled out..."

http://www.dailymail.co.uk/home/frame-money.html

What have the FSA done about that and false, or unproved statements in the Mail on Sunday a few days later, The Telegraph and today's Financial Times.

(4) Market regulation is so utterly chaotic that I have even heard that Meldex were forbidden by one of the regulatory bodies to publish an RNS (regulatory announcement) they had prepared denying that there was to be a profits warning. I have no access to information as to which regulatory body was involved, but at the time an approach had been made to the company with the possibility of a bid being made for Meldex so the POTAM (Panel on Takeovers and Mergers) would have been involved. Also, as for all RNSs, the Nomad, with the LSE behind that, and also the FSA were looking at things. The preventing of a defence by the company must have greatly aided shorters, put shareholders in a totally disadvantaged situation with the possibility of losses, and left a permanent question mark over how the company was doing.

(5) In fact the company was doing so well that last Friday, 1st August, it came out with a Trading Updated showing the 270% increase in trading mentioned above.

(6) Despite the exciting TU, the shorting has continued on a ferocious scale. Early this week 5million Meldex shares were traded in a day - incredible for an AIM quoted share. Huge amounts of money are involved as it must have taken large sums to keep the SP going down despite the interest of most shareholders in buying into the good news of the trading update.

(6) Several opportunistic (opportunistic because of the low SP) approaches have been made to the company to see if a bid would be accepted by the company. All have failed or been withdrawn. There is however the sentiment among shareholders that the SP has been shorted down to accommodate a bid. The bidder would hope to benefit greatly from the low SP and unhappy shareholders who might accept a really low price just to escape the continual falls.

Comments:

(1) US comments usually class the AIM market as 'unregulated', 'a circus', even 'a bear garden'. Why has this been allowed to continue. The FSA does nothing, but the real culprits are Gordon Brown and Alistair Darling. Brown was Chancellor for 10 years and Darling has been ther since but neither has done anything whatsoever to properly regulate the markets - even to bring the FSA and the Potam into one body. Even to bring the FSA under the Bank of England. Even to bring transparency to the affairs dealt with by the FSA. Even to bring in legislation to limit, or completely ban, shorting and to protect shareholders.

(2) The FSA is suppose to protect companies and their shareholders and last week a group of people were sent for trial by the FSA. However, research I have done seems to indicate that they have only about 150 people in the department charged with controlling illegal and dubious trading. From what I have heard most of those have been largely engaged in working on manipulation and illegality surroundin bank shares. They only have very limited time to deal with anything else and especially not AIM stocks despite the vast number of prods they have received from Meldex shareholders.

(3) I wrote to Polly Toynbee of the Guardian with a copy of my letter to the Prime Minister and with background as to what was going on. She was very worried about the FSA not taking action and asked me to keep her informed as to any developments.

So why does it so disturb me that the SP is being messed about with? The answer is that Britain does not have enough successful pharmaceutical companies for a land that produces so much brilliant pharma research.

GSK, Astra-Zeneca and Shire are the only large ones. But Meldex International has the ability to be larger than Shire in only a few years. They are growing very fast, if allowed to without the shorting that has succeeded in obtaining such a low SP that shareholders voted down a resolution at the AGM to increase share capital. Meldex have the fastest acting analgesic known, innovatative products to treat obesity, nicotine replacement, smoking cessation, migraine, Alzheimers, cough and colds, snoring, etc., etc., etc.. Already 150 products are on sale all over the world and the real blockbusters will only be coming through in 2009, 2010, and 2011
.

Well, that became much longer than I intended. I hope someone has the time to read it and I do hope that Dr Cable will take action to follow up with the FSA. More importantly I want to see Labour attacked for failure to regulate markets, failure to levy stamp duty on spread bets on shares, and failure to place stamp duty on contracts for difference.

And how exactly is the share price being manipulated and by who ?

The guys a looney if you ask me like many other holders of MDX and that is one of the reasons its so easy to make money out of.

That letter is ridiculous, all a bit embarrassing really!

Thanks for that highly informative response share trader.it would be quite interesting to know your last post or comment on this company.mdx is complex!a lot of investors have their own thoughts which we all listen to with interest ...a remark like yours even without a imho.. Is a wastes of spaceDil knows my view and probably 80% of mdx holdersand therefore his comment does not need an answerYour commentyes the weather is not to bad!

tabasco,

Dil "knows the views of probably 80% of mdx holders"?

Does he?

The main threads for MDX are on another site, and I don't see Dil posting there, unless under another name, so how exactly do you know that Dil knows the views of 80% of the holders?

Does he know mine?

Do I hold?

Better ask Dil, or am I one of the 20% he doesn't know?

And how would you know that?

if you really think about it your response is about as silly as that letter!

Sadly people in this society always look for someone else to blame for a setback, rather than take responsibility themselves. That culture is reflected in the letter,where "manipulators" are blamed for a falling SP, rather than people accepting they may have made a bad investment decision, or simply timed their entry point wrongly.

The fact that there are multiple threads receiving around 1000 posts a day on advfn should tell you enough!

And here is a post from the other side backing up my last point perfectly!

Monty Panesar - 10 Aug'08 - 10:31 - 100640 of 100642

The hedge funds when looking at whether to short a share look at the PI/short term trading/CFD positions first. One way they do this is by looking at the number of posts on ADVFN which for MDX is very high.

Share trader.As you well know..I was talking about the people that post on this sitewe wind each other up every day.. your view..which was no view! was a waste of space!.. If you want to talk about adv.. I believe mdx is no1 in the most used charts pop pickers.I would certainly say 80% of those views correspond with manipulation theoryJust to end this silly conversation as you put it.If mdx was a setback in my portfolio I cant wait for the day to come when I get it right!I dont think you could have ever read this site!

tabasco,

Oh dear we have exchanged two posts, and you have made two personal attacks on me, a poster you don't know! Why?

I guess that says more about you, and your comfort in holding MDX, than I ever could!


".I would certainly say 80% of those views correspond with manipulation theory"


So you think because the majority have convinced themselves of something that makes them right?

Or is it as I mentioned above, people cannot take responsibility for their losses, so look for devious outside dark forces to blame, in this case "manipulators" have replaced "shorters", or "EK and his cronies"!

Some of the posts on that thread are embarrassing, but nobody criticises the bull posts, no matter how ridiculous!

If you think the majority of people are always right, you should read the book re the madness of crowds!

Extraordinary Popular Delusions and the Madness of Crowds (Hardcover)
by Charles Mackay (Author)

Ok share traderthank you for putting me wise about mdxI am sure all those that have a holding on this company.. and post on this or any other site now know exactly the position they are in.. courtesy of Mr. share trader.. I cannot remember having a personal attack on you.but you are obviously right againand as for you writing anything of substance..Well of course you didthank you very muchOff to finish The Shock Doctrine by Naomi Kleinthanks all the same.

Tabasco,

I was referring to these comments of yours!

"remark like yours even without a imho.. Is a wastes of space"

"your view..which was no view! was a waste of space!."


Firsty I didnt address you when I made my post 1790, it was a general comment that you chose to reply to.

Second i don't think I have made any comment that merits your personal responses above, to you at any time, but welcome to stand corrected if you can find one.

I won't hold my breath!

First point.you quoted the letter as being ridiculouswas that on behalf of all mdx supporters? You did not say!did you expect a pat on the back.bravoIll pass my fags round
Second point.you gave no reasons for your statementjust ridiculous.. which imho means the quote is a waste of space.so rather than trying to pick people up for the sake of meaningless piffle and talking with forked tongue{not a hedgie are you?}give a proper reason for your quote The letter is ridiculous! I won't be holding my breath!

tabasco,

Any comment I make is clearly my own opinion.

If you had wanted my opinion on why the letter is (IMO) "ridiculous" you could have asked me, and I would have told you. That would have been rather more constructive than snipe at me with personal comments.

I wasn't "picking anyone up for meaningless piffle" those are your words, I simply stated that the letter was ridiculous, and it clearly is, if you read it.

How are you in a position to make a comment like "I am talking with forked tongue"?

Please give me an example of that!

You then ask me "{not a hedgie are you?}" So you are now trying to sublimely suggest I have an an agenda for making my comment!

Quite extraordinary that you are so comfortable holding this stock that you feel the need to attack with such venom a person making a simple comment on a letter written by someone else, and published on another BB!

Read the letter again, not as a holder, and then you will see what I mean, but then, judging by your comments so far, maybe not.

I do hope MDX is not the best example of the contents of your portfolio!

And I hope you understand and have employed some sensible position sizing, rather than make the mistake most small Pi's make, throwing it all into the one stone cold cert "no brainer"!

You could talk all night and not say a thing.so perhaps you are not a hedgie? Maybe of political persuasion?