will it ever recover to the 38p i paid for them??

Almost all buys today,some very big.
Is this the start or is it a false dawn??

Of course this is the start keith! ARX are in a far more advanced position than when they were at 40p last time. Dreams and hype are being turned into reality now and ARX is not going to hang around under 30p for much longer!

oh to be that optimistic....

If the statement is to believed, then as a novice it makes sense to me that the company is in for a profitable period in the future

Of course they are going to be profitable. Once the factory is up and running, orders will be flooding in, and with no competition in sight, ARX will be free to rack up the profits. ARX is going places!

Wow...am I reading this right...up 17% today..??

I have bought loads of these at different prices including at the top and after todays news i think i will buy some more.

good luck..i just think that until we SEE SOMETHING NEW this company with yo-yo. i am the first to admit that once order come through these will fly and i will join the party. certainty is what is required.

.

keith,

What concerned me about the statement was it seemed to addressing directly concerns raised on the BB's!

And companies don't read those, do they?

I would also have liked to see something new, instead of largely a rehash of information that was laready in the public domain.

ARX remains on the watchlist, but I don't (currently) intend to buy at today's price, I have a feeling it will retrace again.

Andy,

wise words, i thought the same about the update. if anything i was a little concerned about their immediate capacity constraints and whether they could even fill the small orders they have.

i think we will certainly see sub-20 again and that management was on a roadshow for the sake of it...

rgds
proptrade

what a shocker (not), collapsed today...

really not good news.....

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AeroBox plc
09 July 2004

AeroBox plc ('AeroBox')

RE: Termination of Agreement with Watermark Group plc ('Watermark')

The Directors of AeroBox are disappointed to note that Watermark has commenced
proceedings. The Directors of AeroBox intend to defend the claim by Watermark
whilst remaining committed to pursuing any compromise that would protect
shareholder value in AeroBox. These proceedings will not deflect AeroBox from
its business.

The Directors of AeroBox have been attempting since November 2003 to obtain
proper documentary evidence of the claims by Watermark for the reimbursement of
marketing spend in accordance with the joint venture agreements. This dispute
caused the trading relationship with Watermark to deteriorate to such an extent
that the Board of AeroBox reluctantly decided that it was not possible to
continue in any form of relationship with Watermark as there had been a
fundamental breach of trust by Watermark that went to the heart of the contract.
As a direct consequence an immediate Notice of Termination was served by
AeroBox, on 27 May 2004 on the grounds that Watermark, by failing to back up its
claims for marketing spend, was not acting in good faith. AeroBox had previously
issued a 6 months' termination notice expiring on 7 November 2004.

Since 27 May 2004, there have been further attempts to negotiate a compromise
with Watermark. Unfortunately Watermark has continued to defend its own position
rather than resolve the matter.

The Directors of AeroBox can only hope that the prospect of close scrutiny by
the Courts will bring Watermark to their senses before more time and money is
wasted to the detriment of shareholder value in both companies.

ENDS

Enquiries:

David Sebire Chairman, AeroBox plc +44 1454 310 066
Richard Scott Finance Director, AeroBox plc +44 7986 423 891

David Bick/Trevor Phillips, Holborn +44 20 7929 5599
Jonathan Wright, Seymour Pierce +44 20 7107 8000

Great opportunity to top up for those who believe ARX will win the court case.
But yes, I agree big price drop possibly down to 14p before a recovery. ARX needs news on orders or this is going down big time.

very true, Aerotus. without order flow the stock is closer to zero.

i think we just need more clarity with reference to this case but it did sound from their press release that they are very concerned and it is a distraction.

Just bought a SHEDLOAD at 14.25p when it dropped 20%! ROFL!!!!! Totally oversold!

Jesus, I can't believe they dropped it 20%! You had to be quick to get in at that level, was only showing for about 1 minute.

but there is a reason for the drop. the Watermark announcement could potentially take the company under. read this and now tell me what u think?

Watermark Group PLC
09 July 2004

For immediate release: 9 July 2004



Watermark Group plc ('Watermark')

Agreements with Aerobox plc ('Aerobox')



We note the RNS announcement today, 9 July 2004, by Aerobox, regarding the
decision by the Watermark Board to initiate proceedings against Aerobox for
substantial damages following their multiple breaches of contract. Watermark has
not taken this step lightly, but was left with no alternative faced with
Aerobox's refusal to comply with its contractual obligations.



Watermark entered into agreements with Aerobox to market and sell Aerobox's
ULDs. Under these agreements Watermark has the exclusive right to market the
ULDs, the right to subscribe to a shareholding, a sales commission and a
marketing fee. This fee was confirmed in Aerobox's own RNS announcement dated 21
May 2003.



The marketing arrangements were based on a fixed fee payable to Watermark
without any obligation to detail each and every cost line. This fee was
negotiated and agreed by reference to the fact that, through Watermark, the ULD
product would be afforded access to Watermark's substantial client base which
would provide a fast track entry to the airline industry for a product that
Aerobox had no previous success in promoting. Not only has Aerobox reneged on
the terms of this agreement, but it has used this excuse to attempt to get out
of its other contractual obligations, for example by appointing agents to market
the ULDs in breach of Watermark's exclusivity and by misusing Watermark's
confidential information. We consider this to be a pre-meditated and
disingenuous attempt by the new Aerobox management to avoid its contractual
obligations.



It is worth noting that prior to Aerobox's breaches, and in a very short space
of time, Watermark managed to generate considerable interest from, and sales to,
its airline clients, despite Aerobox's significant failures to meet pre-agreed
production deadlines, undermining the proposition. It should also be noted that
Watermark has placed, trialled or sold, every ULD made to date, and indeed,
could have sold many more had Aerobox met its agreed production volumes.



Watermark has acted throughout in good faith. At Watermark's instigation over
the last six months, and as recently as 24 June 2004, we have made numerous
attempts to resolve this matter amicably but regrettably the Aerobox
management's negotiating technique has left us with no other course of action in
order to protect Watermark and thereby its shareholders' interests.



For further information please contact:
John Caulcutt Gemma Smith / Claire Melly
Watermark Group plc Tavistock Communications
Tel: 01489 897800 Tel: 020 7920 3150




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

Yes my only worrying is the potential effect this will have on their cashflow. I have no doubt that orders from airlines will be coming in shortly and that the product will be an astounding success. The worst thing that can happen is that WMK are entitled to a 10% share in ARX profits. But I seriously do not see the company going under.