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.

3dug - 24 Jul'09 - 23:18 - 10819 of 10826


Geordie A Loan would be fine......I will be back tomorrow but please expand on the idea
Unvalidated user...You appear not to understand the concept of commercial confidentiality...thats why I can't be as transparent as you want. We have confidentiality agreements which are signed all the time. At the end it comes down to trust of your directors. If you don't trust me then just do something about it!

Anyone asked him about reducing the interest he charging mdx on his loan to them to the same rate as that of the scln or are you all waiting for me to do so ?

:-)

omg mufrat has turned up , lol

Dil has been banned from the MDX thread at the zoo for upsetting Barry , questions weren't to his liking.

Mufrat asking the same

Barry throwing a wobbly


B J Muncaster - 25 Jul'09 - 20:08 - 11333 of 11378

Atomic Keeton,

OK, so you're the new Wonderboy with all the answers. "Rip off alert". What a prat.

If they carry on like this, nobody will know what offer is on the table by Monday morning!

I always thought Atomic Keeton was female.

See one poster is going to raise 1.5m all by himself. Desperation indeed.

ptholden,

But if you check the pledges, it's off to a very slow start!

All credit to the guy for trying, he's a decent person, but once 2p was mentioned 10p was over.

Sadly it's arguments about this that are now splitting the support.

It will be interesting to see where the new money comes from!

Indeed Andy, just been reading some of the posts.
I think the private PIs are well and truly fooked, but then they probably have been for a while but haven't wanted to accept the inevitability of it all.
I see BJM has been asked some awkward questions, none of which have been answered. I think the manner in which BJM has placed the onus on PIs to save the company is close to despicable, preying on their financial woes and desperation to retrieve heavy losses. It's an awful situation to be in, damned if you do, damned if you don't. Personally I'd write it off and put any SLN funds into a safer stock and use that to regain lost ground, better than losing another lump.
I never thought for one moment 10p was a good deal, the company has pitiful sales, no profits, large debts and not much chance of changing any of that in the near future. 1p was my best guess and if they do manage to relist I think in view of recent news sub 1p.
I have little doubt BJM knew the SLN would fail, but he has to go through the motions to appease the masses. He can always say later that he tried and to some he'll remain a hero.

I think you are spot on, pth, especially your last comment.

Baz and Gaz had to be seen to be doing something, but the vast majority of the PI's are so far in that most couldn't even raise the 2500 if they wanted too. That is an unbevlievable position to be in given that these folk have thrown the kitchen sink at it. The SLN will probably fail by the 11th and that will leave the way clear for someone to come in and pick up the pieces. They are not putting these new people in place with a view to it being a listed company. These people are there whether it is listed or private. The zoo seem to think this helps their cause, which is rubbish IMO.

I remain amazed that Baz and Gaz continue to run company business on a public BB. I've never seen anything like it and probably never will again. The zoo has been used to further the aspirations of very, very few. ;-0 I don't know why they bother. There must be an ulterior motive, but I've not figured it out yet. As for this farcical court case; unless I've missed something, this is an expensive smokescreen at worst, and the chance to get a bit of cash back prior to going private at best.

Anyone with anything in this has lost, at best, the vast majority of their investment whatever happens now. I feel sorry for most, and feel happy others have been creamed - no secret there.

The desperation that any possible saving strategy engenders is palpable. Talk of selling something to get funds is met with an instant bandwagon of hope. But why would anyone wanting to buy the company entertain selling off a potentially lucrative future asset once it's in their hands - they wouldn't! ;-))

This story may run a wee bit longer, but the end is not far off "publicly".

All cynically IMO!

My thoughts exactly pt and one are two are begining to realise this over at the zoo.

The little guy is once again being screwed by MDX.

Great suggestion.

figure6 - 26 Jul'09 - 12:54 - 11611 of 11751

I will reiterate one point.A lot of you who haven't got 2500 cash will be able to get it if you ask your bank manager for a personal loan.(Tell them you want it for house repairs though not buying a SLN).Its easy to dismiss this option without giving it much thought (and it does involve effort).Think about it seriously you could save yourself dilution.If you already have 1000 in savings you only need borrow 1500 which at 20% interest would be less than 12 a week in repayments over 5 years.(2500 would be less that 20 a week).

Jeff, these people are nuts and are the reason why some of the less-informed have got into trouble in the first place. How can anyone justify pressurising others to get into further debt to satisfy their own selfish agenda? Defies belief, well, perhaps not where MDX is concerned.

The sooner it dies the better. Some people need to be shown that there is a limit to what you should do in this situation. MDX investors always needed saving from themselves; as pth states, "these people are nuts".

Harsh, but true.

You have to admire his tenacity!

The law of unintended consequences may come into play here, where some people may pledge their funds here rather than directly to the CLN!

And when this effort fails, as it surely will, (IMHO), it could further damage the resuce effort as people would have to try and switch their funds at the last minute.

----------

Geordie0 - 26 Jul'09 - 22:50 - 11766 of 11770


UPDATE

MELDEX LOAN NOTE LTD

1. My name is Stewart Rutherford and I hold shares in MDX.

2. I am vehemently opposed to the current plans of the amended CLN to convert to 2p from the original CLN of 10p, which I feel not only severely dilutes existing shareholders value but also, given the minimum price of 2500.00, gives little scope for already financially disadvantaged shareholders to take part.

3. I have expressed my feelings with Mr BJ Muncaster, who has subsequently agreed that should I be able to obtain a sum of at least 1.5m (this being required to add to his existing CLN money already received by the Company of 1.5m), he would accept this figure and therefore we would be in a position to convert at 10p.....this being the minimum required, together with conversion of the current Bridge Loan Facility to effectively allow the Company to relist. There is no guarantee of this however as dependant on the monies received by MDX due to the new 2p conversion rate it may be in the Companys best interest to convert at that rate. The aforementioned is also subject to shareholder approval being sought at the next AGM.

4. In view of the aforementioned I am in the process of setting up a Company, aptly named "Meldex Loan Note Ltd", as a vehicle for the purpose of raising the required 1.5m and subsequently purchasing shares in the MDX Loan Note at an intended conversion of 10p.

5 Participants will be a buying a share of this Company (at multiples of 10)which will ultimately be converted into buying MDX Loan Notes. This will only occur if the minimum 1.5m is raised. As a result of the aforementioned and intention to raise 1.5m, NO cheques will be cashed unless this amount is raised, therefore no interest will accrue.

6. If the minimum sum is not raised then all cheques will be returned to participants, therefore individuals are requested to enclose a stamped addressed envelope with their cheque.

7. If you wish to participate I will accept cheques at a minimum of 500 with no maximum and the cheques need to be made payable to "Meldex Loan Note Ltd".

8. For the moment at least I would request that those that wish to participate contact me at Saabsrus123@aol.com and give their full address/tel no and amount they wish to participate with. I will reply with my full address for the cheque to be sent to.

9. In essance my main aim is to protect ALL shareholders interests from a massive dilution, however I cannot give any guarantee that this will occur, therefore any participants must seek advice and make their own decision on whether their interests may be better served applying direct to MDX for participation in the Companies CLN with a "possible" conversion at 2p. It must be remembered that unless the 1.5m is raised YOUR money will not be used, therefore there have been suggestions that those who cannot raise the required 2500.00 form a smaller group or other vehicle in order to raise the money to take part.

10. The closing date for participation is 8 Aug 09.

11. The aformentioned wording used in this post is subject, where neccessary to change however the ultimate aim of raising the required 1.5m and use only of those funds to purchase into the CLN will not change.

Yours Sincerely

SG RUTHERFORD

Big Al,

"I remain amazed that Baz and Gaz continue to run company business on a public BB. I've never seen anything like it and probably never will again"



Exactly, it's quite unbelievable really, effectively company policy is up for discussion on a public BB!

The only plus is that the little guy can at least address Barry, an opportunity other CEO's rarely afford to their shareholders.

One of the keystones to this scheme of course is that the Bridge Loan is converted (at whatever SP). Clearly this needs to be an unconditional undertaking, without which 1.4m will go to Bridge leaving the company with insufficient working capital and eventual administration.

Having thought this through I am of the opinion that BJM and GC have known all along that the poor state of the company would prevent venture or institutional capital injection, hence the cultivation of a public BB to garner support for the subsequent SLN. Why else this obsession with running a public company through ADVFN? Of course whilst doing so BJM is able to claim he is acting in the best interests of the PI whilst attempting to recover losses for ATEK and Bridge (his main objective). No one ever said BJM was stupid, an audacious and quite brilliant long term plan.

If by some miracle the SLN is partially successful and BJM is able to keep the company operating I have little doubt there will be a succession of 'partnerships and deal' announcements which will come to nothing but propel the SP to a level where he makes a substantial sum of money. After all, that's how Bioprogress operated in the US, a leopard doesn't change its spots. But, like a house of cards it will all fall down once more and once again the PIs not smart enough to sell at the right time (driven by greed) will be the losers.

If the SLN fails totally, wait and see what ahppens to the IP, BJM is in pole position to decide its future or perhaps he will be able to take the company private safeguarding ATEK and Bridge whilst leaving the PIs to sink.

Whatever the outcome he's in a win win situation.

shareholders dont matter,just have to give the appearance of so.
maybe he will do an AS and get a SIR?
never know
regards
jkd