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.

Review Update (Meldex)

TIDMMDX

RNS Number : 9595M
Meldex International PLC
06 February 2009


For Immediate Release 6 February 2009


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


Review Update


Cambridge, UK, 6 February, 2009: Meldex International Plc (AIM: MDX), the
directors report the following progress on their review of the Company's
business activities.


Appointment of NOMAD
The directors are in discussions with potential NOMADs with a view to an
appointment on or prior to 16 February 2009. However, there can be no assurance
that such an appointment will be made on time or at all.


Ostomy Patent
On appeal by Hollister at a hearing of the Appeal Board of the European Patent
Office, at which the Company made no representation, the Company's Patent No 0
833 596 was revoked. The decision of the Appeal Board is final and no further
appeal is permitted, therefore the Company will take no further action in the
matter. Prior to the appeal being held the Company's former Chairman made the
decision not to be represented at the appeal hearing.


Melbrosin GmbH
The Company is the largest creditor of Melbrosin GmbH and a claim is being
prepared for submission to the Administrators, this claim will be submitted
early in March 2009 as requested by the Administrators.


Melbrosin Austria
The Company has requested the directors of Melbrosin Austria to apply for an
administrator to be appointed. An initial meeting with a potential administrator
has been held and an application submitted to the relevant authority.


Development Programme
The directors have met with an independent specialist pharmaceutical company
with a view to having certain of its portfolio of Rx and OTC dossiers reviewed
for commercial potential. The Company will report the results of this exercise
when received.


A further update will be made on or before 13 February 2009.

;-)))))))

wonder if bjm has any interest in the independant pharma? Selling the rest of the family silver?

Don't worry Tabby - all is not lost.

Ok, a few more assets will have had to be written off - but not the whole lot. I hear that they still have the office stapler and a half used packet of yellow post-it notes.

Do they help you extract pineapples, G. I might put in a bid. LOL!

Lol biggest creditor of Melbrosin is MDX .... what a suprise !

Told you that debtor figure was pie in the sky when the interims were released tabby but you knew better.

KK's as guilty as the rest of the feckers wish Lexuss would get on with it and sue the feckin lot of them.

And as to "talking" to a few NOMADS .... "pleading" may be more accurate description.

I see reality is at last sinking in with some tabby ... don't be last.



eakin - 6 Feb'09 - 17:27 - 45969 of 46071

A truely shocking update!


eakin - 6 Feb'09 - 17:37 - 45980 of 46071

Barry e-mails someone this week saying the prognosis is good!
Yet in every RNS we hear nothing but bad news, and no positives at all!

I am all on for hearing straight talk but I simply refuse to believe there are no positives to inform the shareholders of!


eakin - 6 Feb'09 - 17:45 - 45992 of 46071


Barry Muncaster - Sep 08
The Company is now in the best shape it''s ever been, but there''s still room for improvement and that will be forthcoming.

Isn't eakin the one who wants my shares for 1p tabby ?


lol

bargainbob - 6 Feb'09 - 20:34 - 46073 of 46147

I maybe be totally thick here but BJM did help the kk's agenda . Only two weeks ago he confirmed to me that the kks were totally straight and RT was to blame for it all.

I now know why the other group have said after interviewing everyone involved with Meldex they do not trust ANY OFF THEM !!!

aflynn - 6 Feb'09 - 21:13 - 46079 of 46147

A message to Barry:

Step aside, you have no chance in hell of getting a nomad, the fucking Ks are running rings round you and GC and taking the piss. I live in Perth Scotland but I have a wide range of professionals and experts at my shirt sleeves, ex pupils some are in the City of London and the word is that the nomads do not trust you.

I have also ex pupils involved in the German markets, they just cannot understand why Meldex got caught up with the Ks nor why KPMG due diligence allowed some aspects of input that were so blurred no one could read them to pass through scrutiny. It would appear that none or very little attempt was made to determine the ways and means on how they took over Melbrosin.

10 to a penny they will pick up Melbrosin for less than 20% of what Meldex valued them when we took them over and thats probably an exaggeration.

I do not know if Inghu or Lexuss are still interested but from research and contacts Lexuss has the reputation that would be acceptable to the city and no doubt be trusted by a few Nomads. It is a pity, no doubt I will get a heap of abuse, that their CEO did not take over. The funny thing is that I like you and have faith in you and the IP but as a director or CEO you hit the nail on your own head, it ain't your cup of tea.

May I suggest you get out as soon as possible if you want any return on your money. No doubt you are doing a sterling job in sussing out the problems the company face but for goodness sake step aside and let others solve them.

Austin

Gloaming - 29 Jan'09 - 08:58 - 2821 of 3021


SCRUTABLE - 24 Jan'09 - 11:52 - 2716 of 2820
...................I am absolutely appalled that the two Ks are still trusted after having swallowed most of the company's cash balance and working capital. I had hoped that a replacement management would have applied forensic skills to the disappearing cash trail pointing towards Vienna, which became a torrent after the two Ks joined the board, particularly after taking complete control in September

The retention of the two Ks is a very bad sign. Maybe that is just GCs pragmatic solution to retain some value in Melbrosin, but don't count on his ability to counteract the financial suction power of the wily two Harry Limes

Loinerscum - 24 Jan'09 - 12:44 - 2720 of 2820
Scrutable........
5. Given that you refer to the two K's as "the wily two Harry Limes" are you insinuating that they are thieves, drug manipulators or both? They might perhaps be rash claims to make on a public bulletin board don't you think?
[ For info, the Harry Lime character played by Orson welles in Carol Reeds 1949 film the The Third Man, ran a racket stealing penecillin from military hospitals and then selling it heavily watered down on the black market, this led to patients dying due to not receiving adequate dosages ]

-----------------------------------------------------------------

It looks like Scrutable's views continues to be much more accurate than most on here and, as per the norm on this BB, is therefore slated much more than most.

I think Scrutable deserves way more credit than he has been given and his detractors should eat much more humble pie - but I doubt that will happen.

More and more are seeing the light tabby ... get off your high horse and admit you were wrong.

Dil that is quite a compilation of postsnot on a high horse I can assure youI take life in my strideyour comment Told you that debtor figure was pie in the sky when the interims were released tabby but you knew better.
Dil why do you always put words in my mouthtake a look back and you will see that I never challenged you on that point
Aflynn post was out of character and was written with the aid of a bottle of Scotch(as you sometimes make an arse of yourself after hours)He is a good guy that bouncy was extremely nasty tonow theres a shock!.Scrutable has been absent without leaveTLFBT had him under a spelland I think the distinct possibility of prison has suddenly brought him round as has it to other trivillion posters wheelbrace1 = trevillion 2ronnies = trevillion vxr20 = trevillion Hambi = trevillion.all gone quite.
There were some awful post on this threadbut they dont get to me in any way shape or formHow Ruth can comment on them as nice people is beyond mewont be attending any of your office parties thats for sureI like fun too much!!!but I will give her the benefit of the doubt? My loss on mdx last year was virtually coveredbut it is true to say I do have quite a lot of dough riding on Bazza/Gazzaand so has many good people that I care aboutI now count this as a Brucie bonus if I get zero return..I will take my own actionsand if one person says that scripted phrase you all usemove onI will ram their bo**ocks down their throat!!! Odds on now init!!!
There are opportunities in life every minute of the daypurchased a property in the Maidstone area for a relative song in early Decembervery luckya few bob spent having a kitchen and dor donelooks okand a young family move in next weekendthe gang seem to think my life revolves around Meldex
I have been up since 5-30... Still got a little racing work to completebut had to defend myselfthats enough of my valuable time you are getting on these bb for today

I thought your life revolved around Gillingham.

No Gausie my life does not revolve around Gillinghamor MeldexI have said to Ruth that I will not continue this game you so like playingshe assured me you are a good family manI trust Sam will conduct himself in a more appropriate mannerif ever on these BBsout nowten minutes business then back to me localtake care!

Move on tabby.

Dilwhy did I know that was coming?.now have a look at my little compilation from the international superstar Nipladit appears that the Ks were not as shrewd as many thought.with Bazza/Gazza pruning and tuningand Lexx/Nipp being so slickit looks like we have some ammogame on
Our meal will taste that little bit better tonighthave a good one dil.and dont come on at midnight posting pistthats not easy to say

Niplad - 7 Feb'09 - 12:48 - 46215 of 46280

Idee & Gestalt Ag owns on all the IP and 3rd party licences for all Melbrosin Products. (eg SlimCup/SlimThru, Menoflavon, Melprotect, Daosin, Phytosulin, Crescina etc etc)

Idee & Gestalt AG is 100% owned by Meldex - and it is wholly ringfenced from all other group companies.

The melbrosin companies were simply the vehicle to distribute the IP and Licences contained in Idee & Gestalt AG.

No Melbrosin companies does not mean no value in Idee & Gestalt AG - as the IP/Licences (products) could simply be dsitributed by another set of companies. (e.g. the KK's Sanguisan Company Network)

But no Idee & Gestalt AG for Meldex - would mean no ability to distribute any Melbrosin products.

The last time Idee & Gestalt was valued it was valued at approximately Euro 10 million. (Ex-Daosin, Phytosulin, Cognisin, Colosin).

If someone with a network of distribution companies in Austria and Germany were to pick it up for say Euro 2 million - then they would get a total bargain at shareholder expense.

Particularly if sales of the products for which Idee & Gestalt AG owns the IP/Licences - have never actually fallen - but instead have simly flatline and/or grown elsewhere off the radar and outside of Melbrosin.

Niplad - 7 Feb'09 - 12:58 - 46219 of 46280

Fatboy9. Whoever owns Idee & Gestalt AG - owns the value of what was Melbrosin.

Anyone who argues otherwise - is either wholly ignorant or has an agenda which conflicts with those of all honest shareholders.

Niplad - 7 Feb'09 - 13:23 - 46225 of 46280

No - Meldex own Idee & Gestalt AG 100%. And it is 100% ringfenced.

Copies of what it owns are vested at companies house - as part of the Sale & Purchase Agreement for Melbrosin.

Idee & Gestalt AG owns the rights to all Melbrosin OTC products through it's onwership of all the IP & Licences to all Melbrosin Products.

Meldex can of course sell Idee & Gestalt Ag - but that would need shareholder approval.

Niplad - 7 Feb'09 - 13:41 - 46240 of 46283

nick2412. it has already been independently valued.


Niplad - 7 Feb'09 - 13:24 - 46226 of 46280

doc - i have been working with Lexuss daily - for the last 5 weeks

Niplad - 7 Feb'09 - 13:44 - 46243 of 46280

Idee & Gestalt AG is wholly ringfenced.

The Administration of Austria & Germany would not affect it's intrinsic value.

I think you will find that a lot more will be forthcoming over the next few days.

More than sluething has happended.

Dil
once the chart broke down below 30 the writing was on the wall. unless this happened to price, or that, followed by this and then that etc. as you and a host of others on here tried to explain as best as possible.it seems that no one listened or heeded. such a shame, all for the price of a book or two.seems cheap to me. knowledge that is. experience on the other hand seems to come at a costly price.
oh well such is life.
regards
jkd

it occurs to me
i neither care nor know about the internal conflicts or dissagreements within the company, it is all shown in its share price.as a chartist was this shown to me?
i believe it was. do i need to wait for rnss? not likely. give me a good book and a chart of share prices and rnns' go out of the window. not promoting woolies here.
just my opinion
regards
jkd