Anyone know what the suspension is all about? What publication are they talking about? Hopefully it will be good news for us!!

Balerboy

Basically the group are looking to merge with a private company larger than themselves so current shareholders will own less than 50% of the enlarged group.

Thanks Argy2, will watch with interest.

Is there any info to be had about this company and whats going to happen. Is it all down the pan?? You lads and ladies know where to look. Would appreciate your help. Thanks.

balerboy,

Not sure, but I don't see this possible reverse takeover as being good for MMD holders, but of course I may be wrong!

I think MMD were drinking in the last chance saloon, and this is their chance to salvage something, as i don't think they could get a placing away to either private investors, nor the institutions.

Thanks Andy, your confirming my worst thoughts, oh well you live and learn, I was'nt in big time thank goodness. cheers.

Balerboy,

On other BB's the holders seem to be more optimistic, so hopefully I'm wrong.

I have read they may announce some details next week, so we'll have to see.

Thats brightened my day, Thanks Andy, keep us posted if you would. BB.

See announcement on moneyam quotes.

here's the link;


http://moneyam.uk-wire.com/cgi-bin/articles/200404221303158987X.html

balerboy,

Still not convinced personally by this, and when I start to read ramping style posts on other BB's, and comments like "MMD directors have screwed them to the wall", I become even more doubtful!

Given that we know MMD were drinking in the last chance saloon financially, and were virtually bankrupt, IMHO their ONLY OPTION was a deal such as this!

On that basis, if we know it, and the city knows it, what chance the Scotty directors have heard of it too?

Good luck all holders, re listing in July looks to be on the cards, then we will see what the market thinks of this deal.

After yesterday's performance by the market I can only give thanks that MMD was safely suspended!!!!!!!!!!!!!!

taquila,

very true!

Of more concern will be the state of the market when they relist, although they may have some small latitude in choosing the time.