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.

It really does defy belief :S

debaleb - 22 Dec'08 - 14:58 - 28869 of 28875


Jesus......the Tansoft stuff is well known and has been dissected to death over the years, who cares!

Every successful entrepreneur out there got where they are by taking chances and occasionally sailing close to the wind, so what if in the past BM was found guilty of a corporate crime, it has nothing to do with this.

Look at the chart and the state of the company, the real criminals are those running this company not those attempting to save it.

Anyway, reckon these are probably the salient posts weeded out of the dross over the last few days.


Inghu - 20 Dec'08 - 14:35 - 27396 of 28899

To all the genuine shareholders out there, I would like to say a few things. I am not posting often because I am spending a very large amount of time on the phone and writing emails as things progress forward. Posting on the BB does not help the company. Real actions with real results are what I'm achieving.

The reason for the suspension is exactly as it says in the RNS. I know why it was forced into suspension and I can say that it has nothing to do with what I'm doing. If I had done nothing over the last week and a half, we would still be in suspension today. I have no idea when the suspension will be lifted.

The suspension and the BOD's time dealing with that has delayed things on my side as clearly the BOD had to deal with the suspension reasons, and is still doing so.

My "plan" is still on track and moving forward. To the critics who say that it's not a plan, and I'm speaking about one person in particular, you clearly do not have all the facts, and your scaremongering is showing your true colours. How can management at a TTP level and funding not be a plan. Outrageous. I'll let the shareholders judge who really has their interests at heart.

Yes, it's taking a little longer than envisioned. Being under CDA, I'm enlightened as to the complexity of the situation which requires verification of many things, and the protocol adds time. But if things are to be done properly, then each step must be accomplished before the next step is taken. This is not to say that things are being dragged out because I can say that things are progressing quite quickly in all respects.

Anyone who thinks that I'm foolish or amateurish or otherwise is again, not fully understanding the situation and is, imo, speaking out of turn. I am not being lead down the garden path. While I was the architect of this plan, it involves several highly experienced people in this area. I am not walking alone. There are people involved who are of much higher calibre than some of those who post here claiming to be looking out for shareholders best interests.

The interests of ALL shareholders are being looked after here, even those who heavily criticise me.

I'll will not be around to reply further since I have more phone calls to make.

Inghu



B J Muncaster - 20 Dec'08 - 16:37 - 27449 of 28899

Well Inghu, all I can say is you're not in contact with the right people. Or perhaps the right people haven't informed you.

Your plan has been ditched, end of. It was already on life-support and that was turned off on Thursday. I was present to witness the final death throws. It was never a runner.

You know and I know that your funding was no more than a perhaps. In any event, it wouldn't be sufficient. Oh, and more rather important point, it couldn't be achieved without GC's consent.

You know and I know that yout TTP man is nothing more than a mid-level manager with no experience whatsoever in the most crucial tasks facing the Company. I know this for a fact: I met him and asked him direct questions.

I appreciate this may all be quite embarrassing for you. I'm prepared to give you one more chance to speak to "your" people and get the facts about the current situation. I want to know for sure that you or "your" people have spoken to the KKs before you answer. If having done so you still maintain your position, then I'll just have to let loose with both barells. I think it's unfair to have shareholders believing your plan is still on the table. It's time to put this sort of cr*p to bed.



Lexuss2 - 21 Dec'08 - 13:52 - 27888 of 28899

I have been away since 4pm Friday and after this post will be away for another 24 hours (despite my losses I do have other things to deal with than Meldex).

Having caught up with the posts I would add a few comments.

Barry DID have at least one meeting on Thursday about MDX and that was with Inghus side to say otherwise is disingenuous. I understand the meeting was very heated; the heat coming from GC/BJM. I also understand it was clearly stated by Inghus side that if everyone shared the same agenda to support ALL shareholders then resources should be pooled; I am told that offer was rejected and that stance greatly disturbs me, as it should others.

BJM now says Inghus plan was dead in the water on Thursday, something which puzzles me on two counts. Firstly, if this was really the case why was BJMs plan not enacted on Friday (he suggested the only reason it had not been enacted to date was because of Inghu so if Inghus plan is now dead, that reason is removed). Secondly, before I left on Friday I was assured by a director that Inghus plan was still very much on the table, but it needed some additional funding (the original amount was in place but the second amount had only just been mentioned). That additional funding requirement is being worked on at this very moment; something which would not be happening if the plan had been shelved

For what it is worth (and some may say very little), given the events of Thursdays meeting my backing for Inghus plan is more resolute than ever.

If BJM wishes to give him both barrels I will be intrigued to see what bullets they contain to date I am unaware of anything Inghu has done, or proposed, that would cause him guilt or embarrassment and he has certainly not done anything which has added to the parlous state that Meldex currently finds itself in; furthermore, if Inghus plan is indeed dead in the water why would two barrels be necessary?

So I think it would be beneficial if the barrels were fired; this will let Inghus side (and me) know what he has done wrong and if in the firing of those barrels some confidentiality is broken, at least Inghu may then be able to break his silence and allude to some of the things he knows has happened/is proposed.



Inghu - 21 Dec'08 - 18:13 - 28052 of 28899

A letter to the genuine shareholder,

I haven't read all the hundreds of posts but have been made aware of one in particular to which I will reply.

It would seem that BJM is claiming that my plan is dead in the water and has been since Thursday. This is categorically not true and I cannot believe that he would come on here and post this untruth. My plan is still very much alive and kicking and moving forward. I question BJM's motive for posting this. I give all genuine shareholders my word, that if my plan is rejected, that I'll be the first to post and email to that effect. Unless told otherwise by me, do not believe the scaremongering on this BB. I give you my word.

BJM's comment about middle management is laughable. When the name is release, I'll leave it to shareholders to judge if he's right, or if I'm right is saying that he's extremely highly qualified for the job in all respects.

Lastly, BJM claims that I should speak to the KKs before I reply. I am well up to speed with what I need to do with regards to my plan, and listening to BJM's advice certainly is not on the list. I would remind BJM that the BOD consists of 5 votes.

I fully appreciate that some shareholders feel like they're being kept in the dark. I know that I would feel the same. I want nothing more than to tell the full and complete story right now but I cannot. I promise that I will when I can.


Inghu - 21 Dec'08 - 18:28 - 28069 of 28899

janmar33 - 21 Dec'08 - 18:20 - 28060 of 28060
That comment of yours about the BOD consisting of 5 votes is the very thing that worries me, I want this BOD out, I don't care who's plan is adopted but i do not want any of the present BOD to be in charge. They have had their chance and blown it. Why you don't just name your man, most of the people on here know who he is.


I've never said that I want this BOD to remain. I don't. All shareholders seem to agree that change is needed. The important issue is who will replace them. My plan takes this into account. Institutions invest because of management which is why having the highest quality management this time around is the single most important thing. If you know his name, then post it along with his CV. I'm not allowed as I have a CDA to respect but you can. Do it. I have nothing to hide. His reputation will speak for itself.


Lexuss2 - 21 Dec'08 - 22:35 - 28261 of 28899

I do not wish to deliberately castigate posters on this board (except The Doctor) but the following are some quotations from Poorold today which have to be brought to task.





1. when the fucking BOD called inghu at the 11th hour, it was not "in the best interests of shareholders", imo."


2. and I believe inghu doesn't know enough to know what he or his "experienced" people are doing. hence, he's not lying either. it's just ignorance.


3. what bothered me most, and continues to bother me, is/was inghu's groups unwillingness to meet/talk with bjm/GC.




Poorold, you are beginning to make stupid look like an art form. You are either drawing your conclusions from your own agenda or you are being (deliberately) ill informed.

The following is FACT:

1. The BOD did NOT call Inghu (at any hour) Inghu initiated all meetings himself. AND Inghus plan IS in the best interests of ALL shareholders

2. Inghu is not lying; time will tell if his other people are as inexperienced as you maintain (strange that you should state they are, when you do not have a clue as to their identity)!

3. Try to keep up with events; I have already told you that Inghus side has met with Barrys side and I have told you the result of that meeting.

Although Poorold lives in his own world and does post a lot of fantasy, it is heartening to see a lot of reasoned logical conclusions now being reached by many other posters.

And whilst I dont wish to egg the pudding too much I also know The Name and like Inghu I would also like JanMar to post it it certainly wont do Inghus case any harm and, if appointed, it wont do my shareholding any harm either!



B J Muncaster - 22 Dec'08 - 05:57 - 28375 of 28899

The so called revelations by wheelbrace and bargainbob are irrelevant, and posted solely to distract shareholders from the problems now facing the Company.

The Companys financial statements have been audited three times since the date of the BDO report and once since the date of HPs email to the KKs. In each of the audited reports there is no mention of any wrongdoings, cash shortfalls or any other matter arising from the disclosures in the BDO Report and HPs email to the KKs.

If any material issue relating to the BDO Report or to HPs email to the KKs remain outstanding then the directors and/or the auditors have misled the market on at least one and possibly three occasions. Perhaps this is in fact the case, I dont know. Shareholders should question why wheelbrace thinks his revelations are of consequence or relevance right now.

If any shareholder has questions about matters arising from the BDO report relating to me or any of my companies, then Ill be glad to answer them by email and my replies may be posted here. I think this would be best, because I can compile the questions and answer them in one go, rather than hundreds of posts here. Send questions to aquisitek@btinternet.com.

Late on Thursday Gary and I met with Ingus proposed nominee and one of Inghus colleagues. This meeting had not been arranged when I left for London earlier in the day.

Its been reported that the meeting got heated. If the other side think that was a heated meeting, then theyve led a very sheltered life. I left to catch a train around 8 P.M. so wasnt present at a further meeting that took place later. Perhaps that one got heated, I dont know.

This is what we were told:

A group of shareholders are willing to loan up to 1.8 million to the Company provided their nominee is appointed CEO. Funds are conditional upon the appointment and the terms are non-negotiable. The rest of the current board remain in situ.

We already knew the name of the nominee and had conducted our own research into his background.

Inghu has stated that the nominee is from a TTP. True. However, what he hasnt made clear is that the nominee was (more later) CEO of a division of a division dealing in OTC products only, and with a T/O roughly the same size as MDX projected for this year. Hence my comment about him being a middle-level manager.

The nominee had been out of work since March of this year. He claims to have been doing consultancy work since then, at times billing up to $30,000 a month, November being the latest billing. We asked for copies of his invoices, but were refused.

The nominee claims to have the chance to take up a senior position in the US on a compensation package worth $1,500,000 a year. We said he should take it.

The nominee has no prior experience at board level in a public company, has no experience in raising funds, has no contacts within the financial community, and no experience in presenting a company to the investment community.

The nominee spent around 15 months maximum in his position with the TTP and claims on his CV to have increased sales by 7% p.a. YOY. Difficult to achieve YOY progress within a 15 month period dont you think.

The nominee has asked for a salary of 380,000 a year plus all the usual benefits, plus bonus and performance based stock options. I understand he has agreed to reduce the salary component to 300,000.

I asked how he had arrived at his proposed compensation package, expecting to be told that he has studied peer group companies, seen the level of compensation paid to CEOs in particular of peer group companies of a similar size and financial performance as MDX. The answer I got was that hed looked at MDXs last annual report, seen what RT had been paid, and added a bit for inflation.

I was not impressed.

I asked how long Inghus group had known the nominee. I was told two weeks (two weeks last Thursday), meaning around one week prior to Inghus meeting with the BOD.

Given the urgency to get some real direction going, and although having reservations about the nominees capabilities, we offered several compromises. Our primary concern aside from capabilities, was the insistence that the appointment is made on a one year contract. We can see a scenario where, following appointment, the nominee finds the Company in a worse state than he had been told and resigns, at which point he becomes a creditor for a substantial sum.

So we said, why not take a three month consultancy role at 10,000 a month, and during that time we can work together to sort of the Companys problems and devise a plan to restore value for shareholders. This proposal was rejected out of hand.

So we upped the monthly fee to 20,000. Again rejected out of hand

We tried a final monthly fee of 30,000. Once again, rejected out of hand.

We were told his position is non-negotiable.

We asked Inghus colleague if they had looked for any other potential candidates for the CEO position and was told no.

We did discuss other things, such as his knowledge of the Companys core-tech and so on. But frankly wed already come to the conclusion that he isnt the man for the job and it looks to us like just another passenger for the gravy train that is MDX.

The next day we were told by the KKs that Inghus proposal is not workable and is dead in the water. Following this telephone call I had it confirmed by email.



B J Muncaster - 22 Dec'08 - 05:58 - 28376 of 28899

Mad mike,

Read my post and let me know if you think Inghu's plan will deliver the cleen sweep you're looking for.


Gloaming - 22 Dec'08 - 06:05 - 28377 of 28899

B J Muncaster - 22 Dec'08 - 05:57 - 28375 of 28375
............... But frankly wed already come to the conclusion that he isnt the man for the job and it looks to us like just another passenger for the gravy train that is MDX.

BJM, in your plan, who is the right person for the job?


B J Muncaster - 22 Dec'08 - 06:12 - 28378 of 28899

Gloaming,

It isn't me, if that's what you're thinking!

There are several candidates for the job, but IMO none of them would be willing to take on the task until the Company's financial position has been stabilised, it's current BOD (ex KKs) removed, its operations, reporting procedures and controls verified, and the status of core-tech, development and partnering programmes determined.

If the above is done, then I think we can find the right people to take this forward and on the basis that they won't be jumping ship because something snotty comes out of the woodwork post appointment.

Finished my cards now, so I'm off ;)


Inghu - 22 Dec'08 - 15:46 - 28906 of 28926


560 posts since last night. Unable to read them. I have had two posts emailed to me. One dealing with a very low placing. That's not me and I haven't heard the rumour from any credible source but wanted to make things clear. It's my understanding that the company cannot place shares so I cannot see how that rumour is true. I know nothing about this rumour.

BJM, so now you're backtracking that my plan is dead in the water. You did your fellow shareholders a great disservice by posting what you did. Know your facts before you post.

BJM report on my nominee's history and abilities is again laughable. He's quite selective in his presentation of facts when he knows that I'm unable to present a full rebuttal. This man is certainly the best man for the job and is one that the city will highly respect, and most importantly trust. He's clearly shown the ability to manage a large multi-national organization with hundreds of employees, focus on R&D and fast-track those results to market, and was integral in the application of a proprietary drug delivery technology from the lab to the market. Hmmmm, doesn't that sound like a person whose fate was to work for Meldex.



Apparently the nominee is a bloke called Thomas Engelen.

Go Inghu go Inghu go Inghu go Inghu :-)

DilIf you read the posts by the international superstarnipladChay01ordonk4...you would probably amass more intelligence than the whole of the traders on AM put togetherif you truly want an honest opinion of mdx at this moment in timescramble their views divide by threeand you would probably have the answermy views? Well they are my viewsgood day for me though!!! Off for a glass have a good one..

i suppose it was agreat day for you tabby...after all MDX share price did not decline today

Tabatha - MDX is a feckin' shambles. Get used to it. All this "I know, we know" crap is just that.

I've never seen anything like it. The sooner this dies with no returns to shareholders the better.

Chay's good , think he's on Inghu's side , not impressed with anything Donk has to offer and Niplad's posts are a bit boring but do seem to turn up more and more wrong doing which just seems to confirm everyone has been ripping off the shareholders since it floated.

Bouncyyour are a cnut!a very nasty cnutand whats more you are the thickest cnut I have ever seennow do me a favour you disgusting piece of shitgo and fu*k yourself with the wrong end of a pineapplethank Christ you aint got any kids to the rest merry Christmas
Dil Chay and the other twohave the view that I haveand that is until we know the exact offers from both partieswe remain undecideddo me a favour diltell that ugly thick Scottish twat who RT wasthe guys an embarrassment to Scotland.

Tabby,

This is becoming a farce now, this is quite unbelieveable that a public company is being run this way, and the disclosures and action groups are further damaging any credibility that still remains.

Ooooooooooooooooooooooo!

;-))))


Well, I wasn't thick enough to poor six figure sums into this pile of s**t, now was I. You were told and you didn't listen.

Game, set and match!!

tabasco

"go and fu*k yourself with the wrong end of a pineapple"

I may be a little naive, but, please tell me, which end of the pineapple would be the 'wrong' end?

Logic dictates that in your opinion, whichever end is the wrong end, the other end you must consider to be the 'right' end for one to f*ck oneself with.

Would this be any pineapple? or specifically a marks and spencers pineapple? Perhaps one that your wife might have brought home from work?

You seem to be quite knowledgeable on the subject - how long have you been engaging in this act? And, please please please may we have your assurance that said pineapples are not subsequently returned to Gillingham Marks and Spencers for resale?

I thought I was beginning to understand you - but must confess to being utterly confounded by this new pineapple prediliction.

Bouncyyou are a thick ugly piece of shit that your poor wife has to suffer24/7 on here.. just to make ends meetyou pored your money into RBS get a lifeyou lying twatIm off out with the wife and friendskeep typing you lonely bas*ardjust the one ticket.you aint in the same league as meand you never will be.I might have invested six figures in mdxbut I was shrewd enough to cover.your Bank stocks are like you.fuc*ed!!!! Im gone so your stupid reply means nothing as always..
To everyone else I apologise for the languagebut that is one sad twat!!

Tabby

Before you go, tell us about the pineapples.

Gausieagreed.you are a little naeany end of a pineapple is the wrong endeven a M&S pineappleI forgot I was posting on herehas that spelled it out ok?.cheeriogoodbye tat tar..

i think the real extent of tabby's frustration are shown in the two posts above....to be fair tabby Al has been telling you for months/years that this would happen so maybe you should be a little more discrete in your turn of phrase.

ps good luck with the pineapples though

Tabby

Your instructions were quite specific - you asked him to use the *wrong* end of the pineapple. I'm now confused by your subsequent post - if any end is the wrong end are you telling us that your correct approach is to use the pineapple sideways?

I'm intrigued. Is anyone else confused? Perhaps any other posters who want to properly understand Tabby's pineapple thing could ask him too?

And I've gone right off pineapples. You just don't know where they've been.

Ask them in the zoo Gausie , probably won't get two of them agreeing on a single answer but I'm sure they'll all have bloody opinion on what's right.

lol Gausie