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.

pth

I've read the announcement.

What it says is that MDX are effectively giving the profitable arm of the business to the bank in exchange for writing off a large part of their liability. This leaves the company with a much reduced liability and a loss making business. In the short term that's a very bad thing - but if the management are any good, it presents an opportunity to turn the business around.

I'd see the announcement as bad news in the short term, neutral further out. But also an opportunity for the management to make or break their reputations.

This sell was not a surprisedexo france required further investment and we are now DEBT FREE

Cambridge, UK, 8 December 2008: Meldex International Plc (AIM: MDX), the specialty pharma and healthcare company announces that it has entered into contracts to dispose of Laboratoires Pharmaceutique Dexo SA ('Dexo France'), it's French based prescription branded business for a cash payment of 8.5m (7.3m*). However, the Company retains the rights to the Dexo name outside of France. The completion and consideration is expected to be received in the next two months, once regulatory paper work is approved by the French Authorities.

No, it wasn't a surprise because Scrutable posted the news in the zoo a few days ago. Wonder where he gets his info from?

Yes pt spot on ... it only wasn't a suprise only cos SCRUTABLE told everyone about it last week tabby.

Kitso is still ramping the butt of these as diddleboy on ADVFN , funny how he don't do it here as he started this stupid thread.

Well, Tabatha, you didn't know enough about this company to expect that RNS, did you?

Yet another year where no profit realised, distressed sale on assets (irrelevant whether core or non-core), and no chance of more funding at a good rate by the sound of it. Now you know why the KKs had to sell just to get by. I've pointed to all this previously, as have others - it wasn't hard to read between the lines in this economic climate.

"As part of the ongoing restructuring of the cost base new product development work is currently on hold". How many products are ready to go and how many have been shelved? This is now a critical question, because it all saps plainly strained capital.

Overall, this is massively bad news for MDX IMO.

According to the rest of SCRUTABLE's post then this is the tip of the iceberg.

"As a result of the disposal of Dexo France, the ongoing working capital constraints, the restructuring process and costs which the bank have imposed on Meldex, results for the year ending 31 December 2008 and forecasts for 2009 will, regrettably, be below market expectations."

So another loss to look forward to, will this company ever make a profit?

One more thing, Tabatha:

The people who post either on here or in the zoo are constantly berated for predicting exactly what happens every time.

I do not wish to see people lose out, but if they adamantly refuse to listen to reasoned arguments against, and there have been many, then they will lose the lot. Sad, but true, and a position of their own making.

Lol , bet they not below my expectations.

Tabby
Where does it say MDX are debt free. They use the words Reduce and majority.

8 December 2008
Meldex International Plc ('Meldex ' or 'the Company')
Disposal of Dexo France Business Unit to Reduce Bank Debt
Restructuring update

The funds received will be used to repay the majority of an outstanding facility of 7m which was originally negotiated in October 2007.

Jeffcall me a liar for 2
Dil are you upsetting Geordie?.hes doing the stutter rap!!!

No too busy this week , had a quick look in at the zoo ... geordie and docs take on things are unbelievable.

That SCRUTABLE's good isn't he , would love a crystal ball like his.

I've missed 793 posts over the road since my last visit on Friday. Methinks I've better thnigs to do than play catch up. LOL!

This was about the best Al :-)



nomotto - 7 Dec'08 - 14:08 - 140365 of 140416

I do not owe anyone an apology.

I have reread m5 posts, most have no substance, smoke and mirrors.

DIDDLDUM, what constuctive information have you ever supplied to this board?

I may as well play the person, that you think all us Yanks are, though I believe, we bailed you out of 2 wars and picked up the check..............



diddlboy - 7 Dec'08 - 14:52 - 140366 of 140416

" we bailed you out of 2 wars and picked up the check.............."

You have to laugh at this clown. You have been watching too many John Wayne films Yank. You fuckers were always too late to see any real action, but you sure gave yourselves plenty of medals afterwards.

Made me laugh anyway :-)

ROFLMAO!

Have just replied to nomotto. He told me I was FOS after I switched off Frdiay. Damned cheek, what?

LOL!

double post

This post was sent by myself to the FSAI am aware that three other people reported this accusation which has turned out to be correctand if the new owners quack like a DucI think Scrutts will end up crispy!!!!
SCRUTABLE - 3 Dec'08 - 13:21 -

ALARM CALL
I have been out of touch for a fortnight with a computer problem taking time to fix. I am appalled with what shareholders are about to experience.

Three weeks ago I warned that the RocGel news was sly in that it contained that bit of the truth which was on its own seemingly comforting but hid news which was disturbing. I warned that bad news was on its way. The vortex is now accelerating and IMO the company is about to implode and the circling wolves are about to take their fill.

Shareholders only chance to avoid being dispossessed of what is left to them, is a legal injunction to prevent the board from disposing of significant assets without shareholders' authority. Key assets on the prescription side have already gone though shareholders' have had no inkling of it. Tomorrow more important assets will be filched.

As prelude the news flow has been stifled since the AGM - IMO deliberately, in complete reverse of what was cynically proferred by chairman Dr Jim Martin, and must have been deliberate deception. His reputation tarnishes further.

The sudden closure of Tampa in disgraceful circumstances has helped to create confusion and another twist of the downward spiral in the share price. My cousin happens to be a newspaper man in Orlando and has visited Tampa in the past, on my suggestion. He tells me that the two Ks felt it unneccessary to wield the knife themselves and asked someone else simply to phone the Tampa manager with instructions to sack the staff that very day. No reasons given. Just a warning that any attempt to talk about the situation would lead to aggressive litigation which they would rue. As far as I can remembern Tampa has had some fat contracts recently and is inpositive cash flow with much increased margins above those in BPRG days. Presumably MDx will now be open to be sued for breaches of contract by suppliers - and staff if they have the bottle.

The only outcome to this progressive dismemberment of the assets can be that those close to the company will soon be seen skulking away with their booty carrying legs of lamb in their teeth.

Melbrosin will end up again under control by the two Ks significantly cash richer, and BJM will have his originbal BPRG IP back again at a satisfactory price, which is what I believe he has intended all along.

If nothing happens immediately shareholders will find that tomorrow Dexo, despite its enormous market development by RT will be sold back to two of its original owners, Gerard Leduc, now a substantial MDX shareholder, and Sanofi -
for less than the original consideration.

Unfortunately I have to leave for a City appointmnent at 2.30 and cannot continue.

I hope that the 121 group will rise to protect their interests and stop the rot immediately. All that is needed is enforcement of shareholders' right to know the truth and to insist that the Board ceases to connive at this carve up.

I do not intend to get involved in defending myself at the cowpats which will now be hurled at me by those who hope to be beneficiaries of this disgraceful story. It is a waste of time demanding that I reveal my sources or justify my intervention.

Anybody with half a gram of sense will realise that onbe would not make this up.

If it looks like a Duc, walks like a Duc, and quacks like a Duc, then I think it obviously is a Duc

What exactly are you reporting him for ?

Must be illegal to post an opinion on a BB now.