kitosdad
- 12 Dec 2007 16:20
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.
Big Al
- 14 Jul 2009 19:31
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PS - the reason Barry possibly dropped out of the running could now be hinted at? Maybe he knew the problems in store to a greater or lesser extent?
Think about it, thicko!!!!!!!!
jkd
- 14 Jul 2009 19:51
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t
re your post 7385, why you bring me in to confirm your evidence?
it will take me ages to research and i have better things to do with my time.you fink i follow all your posts and make notes? fink again. no doubt you already know the answer so why not just post the details of when you posted being short ftse and at what price prior to it going to 3500. i look forward with interest to your confirmation. thanks.
regards
jkd
edit and ps no editing please, not that you would of course.
tabasco
- 14 Jul 2009 21:11
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Bouncyyou have posted that same paragraph around three timesand I have explained three timesso here we go againoh thickest one
I have been on bioprogress/meldex threads from the beginningI was talking to Dil from the Nasdaq daysI have spoken to you all on adv.. from time to time I came to AM because the MDX thread was getting murdered and so was Scotty and a couple of othersI soon found out with posts like the one you spotlighted who was doing the damagei have help from a friend who is part of the team... if you look at the style in which it is writtenyou will notice a slight differencedot dot dot.. even to a thicko like yourselfperhaps notno one has yet found any of my Nom De Plumesand you have no idea what you are up againstwhere as I do.a small time jockwith a three inch cock..dream on!!!
BTW.Barry will succeedhe eats plonkers like you for breakfasthis army of followers makes the groovy gang look like dads army.you are the weakest linkgoodbye
Rightonto JKDyou still talking Chinese?I ask for your help because you tend to bring things up I said months agoyou are normally pretty accurateand although a miserable sodyou tend to read my posts and get things rightunlike mini mewho is so far up his own arse the pineapples flowered
JKDif you dont believe me.thats fineI believe I posted conformation to Jeff at the timebut I could be wrongI certainly stated my punts on this bb before the event
Finally back to the thick jock....now I am not talking to youlet us see who is?oh sad one.
jkd
- 14 Jul 2009 21:47
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t
well now, is this a first?
'But i could be wrong'
maybe we might now be able to see eye to eye. on equal terms.
well well well thank you t i do hope so. lets see.
your comments regarding your Nom De Plumes do not help. why you feel need to use them? cannot you simply be self? or not? just curious.
regards
jkd
jkd
- 14 Jul 2009 22:01
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BA
at last he admits he could be wrong. thats a starter. maybe the arrogance and abuse to all who were right on here might now subdue. lets at least give him the chance. whether or not he takes it is up to him. leopards and all that etc. lets wait and see.
regards to you
jkd
Big Al
- 14 Jul 2009 22:16
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jkd - pigs might fly, mate. ;-0
I find it strangely amusing our dear Tabatha firstly asks for your help in backing up his memory and then seems to proceed to try and rip you to shreds.
As for me, as godsend; he's not talking to me. Well about bloody time. He finally admits defeat having completely thrown his toys, the teddy bear and the blanket out of the pram in one go. ;-))
Arrogant t**ts annoy me. We are all wrong from time to time. The trick is to admit it, at least to yourself, and minimise the damage. Averaging down in the face of overwhelming evidence will always hit you hard. In the markets it'll kill you.
Finally, the racist Scotty and others were getting killed becasue they were wrong, wrong and wrong again. The bears called this one right all the way and here we are getting on for 7 months after this stock was suspended at 7p and some are still calling it a winner. Some people deserve to go bankrupt, don't they?
ptholden
- 14 Jul 2009 22:18
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His non de plume on ADVFN is J Bravo Esq, whom strangely has stopped posting since Tabbytit went on his hols. I assume he has nothing to add because despite the misplaced bravado on this thread I doubt he has any intention of subscribing to the SLN. Perhaps he isn't so stupid after all :)
Big Al
- 14 Jul 2009 22:21
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Oh Tabatha, I'll keep posting that quote becasue I believe it reflects your true position and for all you bluff and bluster, you know you screwed up.
As for me, I'm done for the week. FDL, AQP and KAZ longs have been taken at a very nice profit, as posted elsewhere in case you were wondering Twitchet - just because I don't throw them on this thread does not mean they do not happen. ROFLMAO!!!!!!!!!!! EDIT - might have some spreadbets on gold or oil for a bit of fun. Whippy as hell today and made a wee loss on them - just for the record you understand, Tabatha.
If you got your head out of your MDX a-hole, you might spot one or two, but I guess that's asking for too much. LOL!
Big Al
- 14 Jul 2009 22:24
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Ah pth, how are you? Yes, we never did get an answer to his intentions on the SCLN. J Bravo Esq has been ramping this thing since the early BPRG days. Jeez, he must be down a bucketload.
He should have named himself Johnny English or something. It would suit his market style. ;-))
ptholden
- 14 Jul 2009 22:33
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Ticking along nicely thank you Al. Playing with a few of the more popular BB stocks, ASC, JLP and SOLA; with some accuracy if I may so. Hopefully, some will have taken advantage of my little predictions and made a few quid, I doubt Tabbytit is one of them.
Big Al
- 14 Jul 2009 22:39
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Nicely done Sir! Not looked at any of those bar JLP for some time. Never jumped on JLP though, more's the pity.
ptholden
- 14 Jul 2009 22:44
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Ah, JLP, one of those esoteric chart patterns (cup & handle) which sometimes come off and invariably don't!! (This one did).
tabasco
- 15 Jul 2009 07:42
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Good morning allearly start for me taken the dog for a walk and got the baguette/papers another great start to the day.
-------------------------------
JKD t
well now, is this a first?
'But i could be wrong'
maybe we might now be able to see eye to eye. on equal terms.
well well well thank you t i do hope so. lets see.
-------------------------------
JKD... if you analysed my posteven in Chineseyou will notice the word could.as in there could be a real Godthere could be life after deaththere could be a non-league team win the FA Cupand the thick little Scot could have half a brain?
Anyway JKDyour point isyou dont like the fact.. I never admit I am wrongfair pointand probably the reason behind that is I very rarely amI could not lead my lifestyle if I were!!!
Now the thick little Scot posts We are all wrong from time to time. The trick is to admit it, at least to yourselfforgive me if I am missing somethingbut is the thick little Scot not actually advising exactly the kind of behaviour you are having a go at me for?whilst agreeing with him?have you a political background JKD?
And finally just to be right againI postedtabasco - 14 Jul 2009 18:53 - 7387 I have had enough of your insane and inane repliesgo and find Mr.Potty.that should be some conversation?
And as if by magicand within a blink of an eyeup pops Mr. Potty to join ranks with the thick little Scotwhat a win double
Barryturning MDX around in the short time you have hadand from the position the company was inis the eighth wonder of the Worldgetting friends money backand not forgetting our own will be tremendousbut. shutting the mouths up of most on this thread is the first prizemind you... they will then say that they loved you from the beginning and invested well below all of us
Strange the kind of people you like JKD?
jeffmack
- 15 Jul 2009 13:23
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From Investors Chronicle
Resurrecting Meldex
Created:
15 July 2009
Written by:
Alistair Blair
Small companies with exciting technologies but no established business come and go all the time. And when they're gone, they're gone. It doesn't matter how promising they were, nor how much money was poured into them - if the cash runs out and their quotation is suspended, that's basically that. Readers often regale me with the latest re-run of this story, and in 25 years of market-watching, I must have seen hundreds of such companies come to this end. I doubt whether even one per cent of these have come back from their graves.
So I salute the latest proposals for Meldex International, which hit the skids last year and lost its quotation in December. Meldex is in fact a perfect little case study of the genre. Floated on Aim in 2003 under the name Bioprogress, Meldex had a patent on a soluble film known as XGel, which seemed to offer great promise to pharmaceutical manufacturers and put Meldex on a market capitalisation of 150m, or about 150 times its sales
But in 2005, a profit warning obliged the chief executive to resign. In came Richard Trevillion, a healthcare mergers and acquisitions advisor. When Mr Trevillion arrived, Meldex had 7m of net cash and 130 million shares, options and warrants in issue. The cash was probably enough to make some decent progress with the commercialisation of its technology. But Mr Trevillion seems to have had other ideas. In any case, he wasn't too impressed by the situation he had taken over, which he described as "spiralling costs, partnership difficulties and operational confusion". However, he soon sorted these problems out. Then he reached for his M&A hit list.
Off shopping...
In January 2006, Meldex bought Dexo, a French pharmaceutical manufacturer for 10m in cash and shares. Five months later, a similar Italian company was bought for 1.5m. Next came a US acquisition for 4m, whose products were all to be rebranded under the Dexo label. Four more acquisitions followed in 2007, taking Meldex into slimming and vitamin products in the UK, Germany and Austria and antibiotics in France. These cost about 38m in cash, shares and earnouts.
Mr Trevillion could now proudly claim to be running a "diversified speciality pharmaceutical and healthcare company" with annualised sales of 37m and an international salesforce of 45 people. Meanwhile, the original XGel technology was being applied to dozens of small projects, but the big effort to manufacture the film consistently - this had been the groups major objective three years earlier - seemed to have been downgraded.
...then to the bank
Mr Trevillion and his top team were certainly paid handsomely for assembling the new Meldex. In 2007, he carted off 700,000 including an unspecified bonus. His finance director and development director took away another 580,000. The remuneration committee which approved these exceptional packages comprised Dr Jim Murray, Peter Ibbetson and Alan Clarke. You might like to note those names, in case they crop up on the remuneration committees of any companies in which you are invested.
Meldex's own balance sheet was rather less handsome. The net cash of 2005 had been transformed into net debt of 4m, and the company also carried provisions of 8m including deferred payments for acquisitions. Meanwhile, shares in issue or under option had risen dramatically. When last counted, the figure stood at 230 million.
Call me hindsight-laden, but I put it to you that the chances of this huge acquisition programme - spread over two continents, six countries and heaven knows how many product markets - gelling into a smoothly running machine were never very high. It all came unstuck last year, starting with disappointing profits, followed by a showdown meeting at which shareholders rejected the company's plans to issue yet more shares. The resignations started in September, the shares were suspended in December. Regulatory announcements ceased in March. Bye bye Meldex, surely?
But no, there is hope. Barry Muncaster, an entrepreneur (with a not unblemished record) who was a founder of Bioprogress and remains a significant Meldex shareholder, and Gary Cressman, a hedge fund manager, joined the board last December, apparently for zero pay. It's clear that they have been working like dogs ever since, to fight off creditors and turn Mr Trevillion's acquisitions into cash or close them down, so that Meldex can get back to its original focus on XGel. Last month they issued an admirably clear proposal to raise 6m, which is open to existing shareholders only, and closes next week. If this succeeds, Meldex will relist on the Plus market.
This proposal deserves very serious consideration by Meldex shareholders.
Big Al
- 15 Jul 2009 13:59
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Brilliant post, Tabatha! Rarely do we read such an rambling monologue of such epic proportions. ;-)) You've plainly lost it after only a few weeks back from a long holiday. Didn't take long, did it?
As usual, you totally miss the point, which has been perfectly summed up in the post above from Investors' Chronicle. This thing was fooked whilst you were merrily "topping up". Hence the bears were absolutely spot on and calling you a plonker was also absolutely spot on. Now, whether the situation has changed or not remains to be seen, but suffice to say, you carried on blindly whilst all the evidence screamed "DON'T DO IT!"
Not sure I'm as hopeful as Mr Blair though, jeffmack. Thoughts?
tabasco
- 15 Jul 2009 18:16
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Jeffthanks for posting thatbeen out most of the day so a lot of catching up.
To the thick little Scotyou need help you are a complete and utter nutter
Big Al
- 15 Jul 2009 20:01
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Thanks for your input, J Bravo Esq. ;-)))))))))))))))))))))))))))))
Useful as ever - NOT!
jeffmack
- 16 Jul 2009 07:37
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Might stir them up this morning Tabby
Insurer RSA(RSA.L) to being talked of as a takeover target, with Italys life assurance group Generali touted as the likely predator.
tabasco
- 16 Jul 2009 08:25
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Good morning allJeff.. an appearance on Bloomberg by Barry might stir them up a little more?
And to the thick little Scotyes you could associate Tabasco with Bravo
Definitions of 'bravo'
1... a murderer (especially one who kills a prominent political figure) who kills by a treacherous surprise attack and often is hired to do the deed
2... a cry of approval as from an audience at the end of great performance
3... applaud with shouts of `bravo' or `brava'
Any one will do
Big Al
- 16 Jul 2009 09:00
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Picked the wrong names twice. Hmm. Go away and try again. ;-)))))