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.

Its helped me .... my cookings improved.

You fat bastard Dilfiltered!

11st 0lbs 2oz ... that was this morning with my jeans and trainers on ... and my hair was wet

Chicken Madras tonight

All this testosterone-fuelled arrogance will always piss off the ladies. Men are kids at heart unfortunately.

On stop losses, Tabatha, I've run them for an awful long time and they've saved me a fortune.

Because you do not run them, ...........................................

I needn't say more.

You must have long hair, Dil. ;-))

Bouncy.I never get loses..so I have nothing to stop..plain as the nose on your face.If they have saved you a fortune.think what you could have been downthe mind boggles..... how is your hooter Ive heard its enormous!

Dilso you are weedy?

there were some very serious fundamental and accounting questions asked some time ago. did they ever get answered or resolved? if not and if they are still lurking then what of the future for the company? just asking.
anyone?
regards
jkd

LOL Tabatha.

You're sitting on one, ya daft t**t. ;-)))))))))))))))

Tabatha

Bouncy it is truewhat a hooter.still on a plus side you must be popular with the girls....bit of advice .lay off the ryvita and try dumplings!

jkd the recent sale of 4m shares @7.5p by the German directors that are CFO and COO must indicate the real financial situation imho, they appear to be free of the lock in on 10m shares in December.

thanks halifax
i cant recall all the exact details but there were certainly questions brought to light.
i would suggest anyone considering buying might like to do their own research on this thread to satisfy themselves on all points before doing so.
regards
jkd

There are 2 ways to look at this :-

"Helmut Kerschbaumer and Klaus Kuehne, Interim CFO and COO respectively, have sold 4,042,593 shares at 7.5p on 6 November, 2008.
The shares were sold to an institutional investor to raise approximately 300,000, which is to be lent back to the Company in the form of a bridge loan."

Either MDX is in such dire financial strife that the only alternative, to buy some time, was for the CFO and COO to sell their shares at a huge discount or, they are so confident that their remaining shares will return huge value for them that they were willing to accept what was, at the time, a very poor price for them.

Whichever it is, there can surely be no doubt that the sale was a little desperate if only 300k was needed to tide them over until a loan facility is agreed. I know the banks are being a little stingy at present but it is apparent that MDX's bankers didn't want to part with their cash, unless the investor mentioned in the 3m debt facility is their banker.

I really, really hope that MDX can get through their present difficulties but until I see confirmation of the debt facility and who their institutional investor and investment company are, I am still not investing.

That's a good objective post, kimoldfield. Thanks.

Kimhow about it could have been a condition of financing:-The Company has also signed a term sheet with an investment company to inject up to 3m by way of a debt facility to the Company. Further details will be announced when the agreement is finalised.

Tabby, yes it could have been a condition, but that would mean I would have to have another 2 ways of looking at it - the CFO and COO's holdings were purposefully diluted to enable a takeover at a discounted price?! Or, the investor has MDX by the sphericals!

Let's hope it is neither of the above!

I think we can all agree that short term MDX were very short of cash. I'm not sure why that was bar late paying debtors of course, but it's not a good place to be in this economic environment surely.

It doesn't add up to anything brilliant fundamentally in the short term, regardless of the long term outlook, does it?