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.

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.

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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

What they seem to forget is that only a very small number of shareholders use ADVFN. Unless they have access to all shareholders they aint got a chance. Good on him for trying.

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


I beg to differ Andy ... he only answer what he wants to answer and if he don't like the question you get thrown off the thread.

Good morning all.AndyI am not J. Bravoor the Glass manor even the dart playerDil once put me up as Geordiethats how daft this thread has got.
Whilst I believe from memory you told the BM Manyou believe ..let me tell you Im certain that you are wrong
Bravo is an enthusiastic puntera good guybut that is where the similarity stopsyou know the businessand I know that from reading your postsbut dont listen to bouncy
In my ring he is known as the thickest person on the bbs.he never reads or understands or cares about other peoples viewsjust his own he appears to have two livesOil rig workerunsuccessful BB wind up man he cooks Red Snapper for himselfand buys just the one ticketI rest my caseAndy you are too sharp to take notice of that twat I am a little too shrewd to be bothered.
Incidentally bouncyhad a great financial week last week very lucky
There you gonow post that my loss on MDX this time round has left me destituteyou clever little man?
Dilatomic..shit-on?..you wossie.

Well, it would appear the thickest person on the BBs called this one spot on over several years and you were not as lucky as you profess to be, and I can't see anyone around here putting the word "shrewd" in the same sentence as "tabasco".

The current calls here may not be too wide of the mark further down the line re the future of MDX. Unfortunately it's a little late for you to escape, isn't it? Shame.

Oh, and I'd rather have my two lives than not having one at all outside of this company.

Later!
;-)

Yer right ladsas predictable as dil being drunk on a Saturday

....... or as predictable as MDX dying? ;-)))))))

Apparently they are thinking of approaching Madoff for advice.

And his PRClubman

tabby...you said the fund rasining was a done deal....i am confused...as you said you are never wrong but to be fair i dont think i have seen you call anything about this mess correctly

Trig Judge me on the re-list.not too much to ask mate.

tabby there is not going to be any re-list....dude...wake up smell the coffee and move on....it is knackered

Sounds like a "best 19" to me. ;-))))))))

It's always a case of "Oh, I'll be right eventually" with you isn't it, Tabatha? Until that highly improbably moment it would seem the bears are right, right, right, right, right and right again.

Take that back to you "ring" with my best wishes. ;-)))))

Got any more room in that ring? There's probably a pretty large pineapple blocking access. ROFLMAO!

Trig.do you get a new broom and a 10 every time you use the phrase move on???
Ive told you... Barry dont come second.and believe me he is on our sidekeep it realdont drop to the depths of bouncy