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.

I've got a bet of 'who makes the tea' says it'll end Blue, not Red .....

Tab - Who said "to fund losses" ... MDX said they need additional funding to continue growth - and the current plan is to continue growth, so either funding is needed or the plan has to change!

Bert.you would buy a car knowing you are going to lose tens of thousandsbut not buy shares in a company in a strong trading position that needs additional working capital for growthwhich is perfectly normal.

By the way, if their trading position is so strong why do they need additional capital? Err, perhaps because the balance sheet is so weak?

Well they aint going to come out and say they need to raise money to pay this quarters VAT bill and pay the wages now are they tabby you plonker.

But thats how it looks to me.

Looks like their debtors are out of control too .

Paint whatever picture you want Dilyou normally do.and its always wrong Picasso!

23 million sales in six months and 21 million of debtors ...... errrr this looks very iffy.

What's your explanation tabby ?

My view is there is no immediate cash issuesCurrent price is pricing in a profit warning that did not arrive.23 million turnover 2.8 million profit and getting betterthe uncertainty has disappearedthe results speak for themselves having showed they are on track their credibility will be now be excepted..and I would say to all you crowd keep buying your Banks and leave us alone!

And an explanation for the dodgy debtor figure tabby ?????

1.65M profit, but let's not split hairs :)

how much did they end up down? nincompoop?

Leave him alone as he's still trying to think of a way to avoid my question.

Come on tabby you do all the research , how come they sell 23 million in 6 months and have debtor figures of 21 million ?

Perhaps they had a stonkingly good month in June.....mind you, there have been companies in the past who confused orders with sales.....

lol

PTH; Bradford and Bingleys trading position was strong, they raised money and this was from their interims on 29/8/08. one month later and we know what happened !

'The Board's priority has been to ensure that we can continue to fund our business safely and we have achieved this. With a strong capital base following our rights issue, our new Chief Executive, Richard Pym, will review our plans for the business to enable us to continue to operate effectively in these economic conditions."

Key Points

Completion of 400m Rights Issue; Bradford & Bingley is one of the best capitalised banks in the UK.'



All talk of fund raising in this market where there is no cash around seems very inappropriate. If cash is raised surely it will be at massive discount so as an observer I can see pressure on the share price from 'shareholders' not just shorters.

Blimey Bully you just can't let go off this company can you? ;-)

Interesting observation though and the point is perhaps more relevant today than it ever was.

Actually I don't think many people gave a stuff about MDX today, for some reason there were other market concerns of significantly greater importance. Without a fund raising MDX are stuffed and as you rightly say Mike it's gonna cost a fookin' bomb, an arm and the odd leg!!

PTH; Dil, TinyAL and Hilary asked me to post it for them as they were busy doing their homework and their Mum booted them off the computer till after tea :-)

:-)

:-) LoL

Talking of doing homework. I've been doing some of my own:

tabasco - 25 Jun 2008 09:33 - 397 of 3094
I have covered mdx all the way down to 48p

he also shrted the dow at the top tick of the year and is in the process of inventing a new personal mode of transsport...and remember guys he is never wrong