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.

Edited by Jonathan @ MoneyAM - while (subjectively) amusing banter, not really suitable for a bulletin board of this calibre.

LOL!

Can still see from my castle, numbskull - always could. You truly have no idea, Tabatha. ;-))))))))))

I see Barry is losing more and more supporters tabby. Looks like some of them aren't as thick as I first thought.

Still going bust though.

Two very important post that those really interested in mdx should read and take note.
For all others on this bb that really know very little about mdxand own no sharesyour comments mean zero.

I_AM_A_WALRUS - 11 Dec'08 -

All...Well this post is ending up somewhat different than I thought it would, but here goes -

Lexuss - While I applaud you finally calling Barry I find it perplexing that you would not engage in ANY conversation.

I wished to exchange honest information and a point of view that I felt would be quite important if you were involved in "representing" shareholders through the 121 Group.

To my surprise and dismay SBP could not persuade you to even entertain a short conversation with me. Past experience causes me to have serious doubts about motives when even a discussion is eschewed. That said at least you finally spoke with Barry and I feel that was quite smart on your part.

If you desire MDX to prosper and grow as a listed company using our proprietary IP then you share my goals as well. In fact when it first became apparent that MDX had "potential bidders" I became active in preparation of a strategy that would keep MDX from being delisted IF it were to be bought; for I and others I know would be quite disappointed to see MDX go private.
I want to say for the record that I have known BJM for nearly a decade now and I KNOW how he responds to protect shareholders when the chips are down. You see I was there when payroll would not have been met if not for Barry, Larry, Graham, and Malcom putting debt on personal property and credit cards to keep the dream alive.

I was there when it was so bleak and Dr. T.O. lent the company over 1mill because he believed in the company officers and the company IP.

Most don't know it but I was there when payroll was met because poorold and I helped raise money for the companies Private Placement, without these funds the AIM would have been but a dream.

I experienced how he went to GREAT EFFORTS to keep ALL shareholders whole when the move to the AIM was executed. Trust me he could have blown off us all and it would have been easier; but Barry actually feels accountable to those who invest with him.
I cannot comment on Gary Cressman's integrity in the same fashion. You see I know what Barry WILL do because I have seen WHAT he DID. I do know Barry feels Gary to be of impeccable character, and I get that impression as well. He IS incredibly astute and for FREE you (US/WE) are getting more quality financial analysis than what we were provided by HL for a fat fee.

I do know when the whole story unfolds (and it will) you will see just how treacherous RT was.

I have been quite proud of the MDX PI's this year, at the AGM we showed that the small investor CAN make his/her voice heard. We PROVED that united we can prevail. It is for those reasons I think communication through the BB's and groups like 121 are productive.

Unfortunately, 10,000 chiefs makes for a real cluster f*ck, and that's what is happening now. Barry and Gary have worked hard to get a grip on how to get our share price back where it should be, and much of that work could be easily undermined by 121.

I am of the opinion the BOD would like to see MDX fail, and their actions/inactions belie the point. The simple answer is accountability, it is real and it is serious. I think the course they will take if given the leeway would be to delay as long as they can engaging ANY plan that would turn the company around - they have NO incentive, thus is the danger of giving them an EXCUSE.

We don't have extra time right now; we need clear concise execution of a plan of action. If an EGM is needed to get this done my fear is the BOD could run us aground on purpose. I for one cannot accept that risk so I implore 121 to stand down and Co-ordinate rather than obstruct. If 121's actions force an EGM then I have to say they will have done us all harm and will have made their existence a problem rather than a solution.
I pray that is not the 121 Group's real goal.

FWIW

Walrus
------------------------------------------

poorold - 11 Dec'08 - 04:10 - 20419 of 20810

I know the bulletin boards are are mostly a crock of shit.

but ask yourselves the following questions...

1. Who has provided their contact information and offered to answer your questions?

2. Who has provided their address and invited each of you to stop in and talk to them about Meldex?


Only one person. Barry Muncaster.
Who stood up at the AGM and said they loaned their personal money to Meldex?

Gary Cressman.

Who posts on these bulletin boards and tries to tear down the openness of Barry Muncaster and Gary Cressman?

wheelbrace1, wishing4 and a couple of others. All of whom REFUSE to provide their personal details and contact information and the sole intent of their posting is to have you, the PI, believe that Barry Muncaster and Gary Cressman are trying to steal from you with some nefarious scheme.

Well, ask yourself this!

If wheelbrace1, wishing4 and others were "real" and had valid comments to make...why wouldn't they declare who they are and agree to an open and honest discussion?

instead of posting behind usernames on a fucking bulletin board and trying to convince you that they are trying to "help" you.

the answer is clear to me.

TLFBT and others may go to JAIL for what they have done to us and will go to any length to try to stay out of jail.

period. end of story.

YOU can go talk to Barry Muncaster or Gary Cressman just by calling them up and making an appointment.
But you can't go talk to wheelbrace1 or wishing4 or any of the other "new posters" trying to influence you.



Does it get any more clear than that?

too fucking bad the BOD was, even today, taken in by TLFBT's opinion on things.

for now, they too will pay the price for BREAKING the law and their lies and deceit to shareholders.

ps.

Scrutable, my parents are about your age and I see firsthand how they are potentially manipulated because of their "trust" in humanity. I step in on a more regular basis lately to ensure they are not "conned" by the leeches out there.
I only wish you had a son or daughter who was capable of doing the same for you.

It would save you a lot of pain, because you are certainly confused right now. My best wish for you is you fall further into dementia and do not realize your ignorance.

Barry becoming an also ran by the look of it tabby ... oh and well said choccy :-)

Are you one of Barry's cronies tabby ?

Off to watch Bad Santa Channel 5 with the kids now , you should too tabby it may relax you.

It's all starting to look dismal over in the zoo judging by those 2 posts and if Tabatha really thinks this would sway anyone, I'm astonished.

Why would anyone believe the kind of post that states, on a public BB, that "we are in the know"?


What will save MDX is funding, that is a fact. At present there isn't any and they are taking an awful long time trying to get it. Without it the company is plainly bust. If they get it, then good and they might be worth investing in.

Until then, forget it!

At least they are edited now

Hey guys read this , post 12 Dailos ... geez wasn't someone having a go at BM a couple a weeks ago for not filing Aquistek accounts ?

BPRG Thread PBB

J

For more than ten years there's been peace - everyone to his own patch. We've all had it sweet. I've done every single one of you favours in the past - I've put money in all your pockets. I've treated you well, even when you was out of order, right? Well now there's been an eruption.

Whilst I understand the edit of tabasco's superfluous obscene and disgusting gutter language, I feel that the editing out of my quote of one of the less offensive Danny Aiello lines from the Bruce Willis movie Hudson Hawk (rated 15) was unnecessary. Mind if I re-instate?

G

Always did make a good call that Dailos

Gausiedid your mummy and daddy not tell you if you play with fire you get burntI think you have just received a scorched bumJonathan.quite right to edit both remarksand my apologiesit was in retaliation to a Gausie comment.and that lad does not seem to realise that whatever he comes at me withhe will get back fivefold!!!!
Jeff whos the free tickets from tonight?

Yes I do mind you reinstating it. There are still a number of respectable people who read this thread. This is not the place for bad language .

Phoo Kin Nell

Hell, Nell - you can say that again.

tabasco: I shouldn't get too self-righteous if I were you. The simple fact is that you are the primer for much of the fire on this thread. Don't bother to argue with me, it won't get you anywhere.

Your unswerving loyalty to MDX in the face of all the evidence is doubtless admirable to some, but completely lost on the majority of commentators.

If you've suffered significant losses in this business then we sympathise. But some of us know when to cut our losses.

Take my advice and cool it.

Regards

MM

crikey! have i missed something?
bottom picking can seriously damage your ealth.
good luck to existing holders but beware to anyone and everyone else.
regards
jkd

Shame Dailos didn't say who posted it.
I posted summat about Oric on the other side weeks ago, and I don't think there was a single comment from any of them. Oh, with the exception of one of the illuminati who waxed lyrical about all the good things BJ did for Tangerine - before I posted the article.


Dailos - 18 May 2004 08:21 - 12 of 333
a good post from the other side on this ramped up potential pile of poo..

Bioprogress- Private research

I have now decided to spend some serious time on this and have come up with some conclusions based on facts. The research is based on the following documents, Butterworths(law reports), London Gazette, Bioprogress news site, statutory filings from SEC.

Firstly Bioprogress was started after Barry Muncaster had finished his 7 year ban to be a director of a company, imposed upon him for conduct in Tansoft Ltd. (see Butterworths Company Law Cases Ch D pages 339-358 Judge Warner 18-20, 24-26 July, Oct 1 1990. The outcome of this business enterprise was described as follows in the Bioprogress Annual Report, 2002 ; [Barry Muncaster] is a co-founder and served as Chief Executive Officer, of Oric Products International Limited, which, within three years of its start-up, manufactured and sold in excess of 300,000 personal computers, achieving annual sales revenues in excess of $45,000,000 prior to its sale in 1983 to an investment company quoted on the London Stock Exchange.

Some of the charges made against him at that time related to the fact that no accounts for Tansoft had ever been audited or filed, and that Crown moneys (that is, debts to the Inland Revenue and Customs & Excise) had not been paid. However, there were more serious allegations relating to the way in which related companies dealt with each other, and in relation to a flat in Spain bought with Tansofts money. When one of the related companies could not trade out of its financial difficulties, its assets were sold to another company in which Barry Muncaster had an interest, and in circumstances in which it was unlikely that it would receive payment for the assets.

I quote from the judgment (Re Tansoft, 1990):



About Mr Muncasters own evidence I must say this. He is obviously an intelligent man, and his familiarity with the mass of documents before the court was impressive. He conducted his case correctly and, if I may say so, with skill. But I did not believe everything he said. It was among other things noticeable how, more than once, his version of events changed materially as he was pressed in cross-examination.



Bioprogress had a history of related company transactions while it was incorporated in the US. This is a legacy from the past, as is evident from looking at the tangled mass of Oric, Tansoft, and other transactions. Of one such transaction the judgment states:

Mr Newey put this episode forward as an instance of Mr Muncaster failing to distinguish between different companies interests. I think he was right, but I would express it more bluntly. I think that it was another instance of Mr Muncaster being a party to a misapplication of Tansofts funds.



It is difficult to disentangle the chain of deals around Trutona and Ecoprogress the more so since there are a number of Ecoprogress companies. In April 1999, Bioprogress acquired the assets of Trutona, which was an affiliate of the company since Messrs Muncaster, Longley and Brown are directors, officers and significant shareholders of each entity. At the same time the rights in the B-9 film were sold by Ecoprogress Canada Holdings to Ecoprogress International a private company owned by Barry Muncaster, Malcolm Brown and Richard Brown for USD 600,000, consideration for which was given in Bioprogress shares. (The AIM documentation shows that Malcolm Brown remains a director of Ecoprogress International Ltd, as does Larry Shattles, who was at the time of the deals a director of Trutona.) So the Xgel film was never invented by Bioprogress. It appears it was acquired from Ecoprogress in April 1997.



The SEC filings show two other related companies. Jade Partnership International, controlled by Barry Muncaster, was paid a management fee of USD 50,000 a month in 1998, but this was terminated towards the end of the year. However, this does not appear to be the end of the transactions between the companies, since in 2001, Jade owed Bioprogress substantial amounts, funds transferred to the Partnership having exceeded the funds received from it. Bioprogress appears to have lent money to Jade in March 2002. (At the same time, Trutona had not paid its 2000 licence fees of USD 58,000 by the end of 2001.)



The other related company is Ormiston-Gore. In the SEC filings it is stated to be a related party because of its shareholding in Bioprogress. However, a Companies House search shows that Barry Muncaster is a director of Ormiston-Gore, a fact I did not find mentioned in the SEC filings. Ormiston-Gore owned the property in March, Cambridgeshire, from which Bioprogress operated, and leased it to the company (the lease was stated as being at market rates) during 1998 and 1999.



And why is it that two key patents are in the names of directors, not of the company. A capsule based drug delivery system (11 November 1998) was registered in the names of Muncaster, Brown and Nowak, even though Bioprogress was then in existence and had already reported its first quarter results. Both the US patents are in directors names , including 6,352,719 A soft capsule comprising a wall derived from a multilayer film that comprises three layers. The layers are an innermost sealing plasticized hydroxypropyl methyl cellulose, an adhesion promoting layer of propylene glycol alginate and a barrier layer of sodium alginate. This was filed on June 15, 2001, and is in the names (again) of Brown, Muncaster and Nowak. Is this their final golden parachute, just in case?


The other worrying aspect is the deals that have been announced since 1998 and all of which have disappeared, although at the time they improved the share price dramatically.

Whatever happened to:

Proctor and Gamble- walked away

Boots -walked away

Peter Black-walked away

United Biscuits-walked away

Farmasierra-who knows but no revenues!

Brass Eagle Inc-walked away

So why is the price collapsing?

Here is the inside tip, Collins Stewart are looking to exit, they have not made a market in the shares for weeks, it is well known in the city that Bioprogress are hawking around for another broker, Collins Stewart have never committed to a Brokers Circular because of the aforementioned and they are bringing out their private clients in order of importance. They want out big time!!!

So expect this share to bottom out at about cash plus 10-15 mill hope value, a value of about 25-30 mill.

A cynic might say that for the directors, I include Muncaster as a shadow director, that have performed a miracle, last year at this time they had all taken reductions on their salaries, now they have enough cash to keeo them going to retirement.

So expect a big thank you suckers from your well padded directors at Christmas.

crikey chocco
i didnt know any of that. i just read charts.
how come the chart seems to know? weird or what?
regards
jkd

jkd: not weird -- the chart reflects the knowledge and wisdom of the market at large.

Regards

MM

thanks MM
for explaining to all, i'm sure you knew the questions were rhetorical.
its nice that someone else is able to confirm my own views also. hopefully it might help others.
thank you.
regards
jkd
its nice to share with no ulterior motive or agenda.

edit...i see now you did indeed answer all questions fully,rhetorical or otherwise.you are clearly the Wise part of other.

My CEO has an MBE for services to industry in Wales , plant made about 12 million last year and and has always been profitable and he gets around 120k a year plus profit related bonuses and we have 65 million in the bank.

Compare that to what rip off BM was taking from this pile of crap and it puts it into perspective.