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.

Good afternoon all>

Bouncybecause I like the tune!
Dilare you Mufprat tabby.the names a total contradiction.as I have never been a contradictionNo!
Regarding your other point DilI was given a great deal of info subsequently from the post you mentionedI am up to 150 pages+ of misdemeanours on my file of the miscreant RT ..believe me I am on the right side.you take whatever side you wishwithout a financial interest the choice becomes easy

I post information by The Bull on these bbs because I believe his comments to be honest and open mindedto my knowledge he is the only person that is currently talking with Barry/Garry and TLFBT on behalf of the pis..

The Bull - 22 Jan'09 - 13:12 - 41468 of 41489


figure6 - 22 Jan'09 - 11:23 - 41428 of 41455


RT has been very dodgy, infact his actions (RNSs) may be criminal.He is desperate to avoid the legal consequences of his actions and is looking for any way out.

figure - I chose my most unfortnate advfn name back in 1999 maybe 2000 when that tech rally was going on. Have lived with 8-9 years of bear hell since then.

This may provoke some strong reaction, but I got the distinct impression from RT that he blames Barry for a lot to do with the companies woes because of the timing of his bid which was never genuine (not my words) and was only designed to stop the company from raising more money for an imminent aquisition as part of his growth strategy.

I asked suggested that I had heard rumours that he had encouraged a bid and he denied this and said the whole offer period was very damaging to the company. I said that I had heard that money could be raised during an offer period so why should it be damaging and if it could not be raised, why were we in an offer period for so long and those bidders told to withdraw.

He said that money could not be raised unless you could prove to potem that that this/these offers were frustrating capital raising. He used some terminology which utilised the word frustrating in, I cannot exactly remember the phrase. He said Potem refused the request which I find extraorinary.

I am not a mouthpiece for RT, I am simply trying to make some more sense of what has been going on and am trying to remain open minded. For what it's worth I retract nothing from my long post yesterday and believe Barry is a Top fella and I hope our trust in him is well rewarded. I am not going to blindly trust anyone though and am prepared to listen. I have suffered horrendous losses these past 8 years but fortunately have a business that is doing ok. If Meldex fails, I reckon it will cost me another 10 years on my working life unless I get lucky elsewhere

Tabby
He is almost forced to come out with something like that with one or two muppets accusing him of being fed a few lines by RT. He sounds honest and genuine shame a few like to take pops.

Does your inside info give you any idea what to expect from the update tomorrow?

JeffThe bull is getting our full support...please dont get naughty againdid I mention inside info?please assist and post that quote.
My guess is meldex will forcefully defend the winding-up petition without further challenge from TLFBT

On the ball with the update tabby ... same old MDX.

"My guess is meldex will forcefully defend the winding-up petition without further challenge from TLFBT "


Your wish, more like. All rosy yet again? ;-))

Nothing like working on the fly

fortunatus - 23 Jan'09 - 11:46 - 41823 of 41860
Just spoken to Mr. Muncaster who told me re. the interim status report that he was "sitting here doing it right now".

"Dear Muppets ....."

lol

Where's Fozzie? ;-))

Where's the update?

The boredom's killing me :S

Its out

So, still furiously bailing out a sinking ship, may need another bucket, but she aint sunk yet!

RNS Number : 1765M
Meldex International PLC
23 January 2009



For Immediate Release

23 January 2009





Meldex International Plc ('Meldex ' or 'the Company')



Preliminary Status Report and Update on Winding-up Petition





Cambridge, UK, 23 January, 2009: Meldex International Plc (AIM: MDX), the Board of Meldex today provides an update on various matters arising from a preliminary strategic review of the Company's and its subsidiaries' business activities. The strategic review is ongoing and a further update will be provided on or before 30 January 2009.



Winding-up Petition

On 21st January 2009 the Company was informed that Rotating Equipment Limited ('Rotating') has joined the Petition claiming an amount owed of 282,197.28. Today, Rotating has agreed with the Company to withdraw its support of the petition and to issue a credit note to the Company in the full amount of 282,197.28.



Financial Statements

Meldex had conducted more than one barter deal in 2007 and 2008. Under the bartering arrangement, obsolescent stock is sold to the barter company at full value and in return the Company receives marketing credits. The principle behind this arrangement is that for the Company to receive full value for the sale of goods it must spend four times such sum with the barter company for marketing and advertising services. This type of transaction is quite common and recognition of the value is allowed for under accounting rules. However, in the case of such transactions conducted by the Company, which would require a marketing and advertising spend beyond the Company's financial resources, it is highly unlikely that this will occur, therefore Meldex will be restating its financial statements accordingly.



Intellectual Property

The directors have established that the Company's intellectual property portfolio is secure and as previously informed to the market.



Core-Tech Development Programmes

The Company's core-tech development programmes have been starved of working capital since early 2008. The Company is carrying out a detailed review of all of its core-tech and pipeline products and will report in more detail on or before 30th January, 2009.



Preliminary review:



The TabWrap machine is in storage awaiting funds to incorporate modifications required to enable TabWrap products to be produced in commercial volumes. The funding required is estimated to be 650,000.



The Meltums laboratory machine is functional and capable of producing sample batches of products.



NRobe is the responsibility of FMC Magenta and the directors are satisfied with the overall progress of the project.



The Company, as previously announced, is concentrating on a selected number of pipeline development projects. Meldex's innovative analgesic, DBP167, is currently under review by the UK Regulatory authorities with the expectation that approval will be sometime late 2009. This project will still incorporate a range of different pharmaceutical formulations, timings of which are still to be announced.



Benzocaine Oradisc, DBP149, for the treatment of pain associated with aphthous ulcers, is currently at an advanced stage with regulatory review scheduled to commence in during H1 2009. This product will be commercialized with third party partners.



The Company is still pursuing its developments in nicotine containing orally dissolving films. Meldex is currently assessing the different manufacturing options with regards to these products and will update the market at a later date.



Meldex is continuing its Soluleaves and WaferTab development with two third party customers, one for a pharmaceutical product and the other for the food and beverage industry.



Review of Previous RNS Announcement

The directors and AIM Regulators are currently reviewing previous RNS announcements made by the Company.



Manufacturing Agreement

On October 16th October 2007 by RNS the Company announced the following: 'it has commenced a long term manufacturing agreement with a large undisclosed party for XGel film. The contract has forecasted annual revenue of $5-6M which has commenced immediately. The contract remains well within the capacity of the Group's manufacturing capability.' On 18th February 2008 the Company's Chief Executive Officer informed a meeting of the directors that the large undisclosed party had pulled out of the contract announced on 16th October 2007.



Duties and Responsibilities of Directors

The Company is reviewing the activities and performance of all directors of the Company since flotation on AIM and will report its findings in due course.




Appointment of a Nominated Advisor ('NOMAD')

The directors are seeking to appoint a NOMAD on or prior to 16th February 2009. There can be no assurance that such appointment can be secured.



Finance

The directors are considering various funding proposals including a convertible loan note to be available on equal terms to all shareholders.







For information contact:

Gary Cressman +44 (0) 1223 394 250

Meldex International plc





Barry Muncaster +44 (0) 1223 394 250

Meldex International plc

BJM@meldexinternational.com








This information is provided by RNS
The company news service from the London Stock Exchange

END

Creditors queueing up, machines non-functional, other products under review, other production certainly under-funded at best, etc, etc.

It doesn't really look good still, does it?

Best of all is a director previously banned investigating "the activities and performance of all directors of the Company since flotation on AIM".



All in all, bear case proven. ;-))))))))

Oh, and a convertible loan note seems to be the only funding possible. No dosh and as noted some 4 months back, KKs sold cheap to keep it afloat.

Of course, all the "smart investors" carried on buying. Donuts.


Interesting piece in Moneyweek I was reading from 28 November yesterday:

"........ For example, last month, for the first time in ten years, the AIM market failed to raise any new funds, says the FT. Alistair Darling may be trying to ease the pressure on small firms, but the going is so tough institutional invesotrs are questioning whether these firms will return to favour even in the medium term."

So how does the "Rotating" thing work then? What a mess.

It keeps on going round and round Hils :-O

just looking in...so looks like bjm is gonna try and take any assets on cheap...think that was his plan all along.......shareholders will get nowt as usual.....tabby you have been conned...has he admitted he got it worng yet? (bet he cannot bring himself to do it)

he's been awfully quiet of late. I think his latest take was something like "I was 100% right but was embezelled which wasn't my fault".

I think psychiatrists call it 'cognitive dissonance'.

Yep, "embezzelled" was the word.

Feckwit, wrong, stupid, arrogant seem more appropriate.


Treb - Tabatha will never admit he was wrong with MDX. It is a trait we have seen before with other losers and we'll see it again. Nobodies with a dream. ;-0

You see, Tabatha was a bookie. Now we all know bookies run a one-sided operation. He made a few bob. Now he's playing with the big boys and expects he'll always be a winner coz that's what he's experienced all his life. How wrong could he be?

Being a bookie, he explained this as "being lucky all my life". Well, you're bound to be lucky if you're cooking the feckin' thing, aren't you?

Welcome to the real world loser!!!!!!!!!!!

ROFLMAO!


Actually, I did think about working a wee while longer and re-imbursing his losses, but I decided against it.