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.

Just pulled Tony The Tap out.last shown price 16/1 14/1 with most.
Trade paper tissue
8-1 Northern Dare (IRE), 10-1 Everymanforhimself (IRE), 10-1 Sunrise Safari (IRE), 10-1 Spirit Of Sharjah (IRE), 10-1 Johannes (IRE), 10-1 Harrison George (IRE), 12-1 Indian Trail (GB), 12-1 Steelcut (GB), 12-1 Jaconet (USA), 12-1 Filligree (IRE), 14-1 Pawan (IRE), 14-1 Artistic License (IRE), 14-1 Vhujon (IRE), 16-1 Little Pete (IRE), 16-1 Fault (GB), 16-1 Parisian Pyramid (IRE), 20-1 Phantom Whisper (GB), 20-1 Bond City (IRE), 25-1 Peter Island (FR), 25-1 Methaaly (IRE), 33-1 Tony The Tap (GB), 33-1 bar

JKD .I will find you another one

Watching MDX morph from a BB favourite to a dead duck has been interesting - but now that its death throes are over the time has come for me to move on.

Tabby - I'm sure there's a link between you being an 'ex' bookmaker and you continuing to flog an 'ex' horse. We all know that MDX is a horse that went lame months ago, and was processed into dog food some weeks ago on delisting. The failure of the SCLN was the next step in the cycle. In a matter of days MDX will be dog shit.

Enjoy your 'investment'.

G

Gausie.I am pleased for youand wish you welland as Haystack says you never tell porkiesso that must be your final post on MDX
There is also a link between you and your success.your Mummys Chequebook..

I think it may be time for all of us to move on and leave tabby to reflect on his loss in peace.

Hope you dont tell lies as well dilgoodbye to you... wont be sorry to see the back of bouncycould never even bring myself to start his name with a capitalmaybe Riga or Bernremember some time ago I gave you the opportunity to earn serious moneyyou turned it downnow you will never know????.I expect if your short becomes vulnerable you will all be back faster than a speeding bulletlet that be the sign if MDX turns it around

... on the other hand maybe not.

That was quick!.
JKDI cant give you a value runner in the sprint with the same confidencehowever rather than being called names I will stick my head on the block and suggest Hurricane Spiritthis revised value bet has drifted slightly and is easily available at 25/1 with several firms30/1 on betfair.I would be very surprised if the recorded SP is above 16/1...and pretty sure 30/1 and 25/1 will soon be goneDYOR

I'm going nowhere. You are too much of a clown and every BB needs one, Tabatha. Laughing at you during a lull in the day brings much needed respite from the rigours of the market.

Today's brilliant quote is "remember some time ago I gave you the opportunity to earn serious money". Wake up, you're dreaming, sonny. That's never happened to you in your life. ;-)))

Faster than a speeding bullet..........

Sir Bobby... A proper Gentleman RIPwww.sirbobbyrobsonfoundation.org.uk/

Not looking too good.
----------

Secured Loan Note Update and Notice of AGM
Posted on: Wednesday, August 05, 2009


Meldex announces that it has, today, written to all Qualifying Shareholders with an update on and revisions to the Secured Loan Note (“SLN”) issue.

As announced by the Company on 24 July, the Directors intend to propose a resolution to Members at the Annual General Meeting to increase the ordinary share capital by an amount sufficient to allow the conversion of any convertible loan note offered in substitution for the SLN into ordinary shares at a conversion price of 2p per share.

Under the original terms of the SLN Offer, if subscriptions totalling in aggregate 6,000,000 have not been received by close of business on the extended closing date (11 August), then all funds held in escrow (including interest payable on these monies) will be returned to each SLN Applicant.

The Directors are now seeking the consent of each SLN Applicant to allow the Company to retain their subscription monies notwithstanding that the Minimum Subscription may not be achieved. Full details of why this consent is being sought, and the conditions under which this would or would not occur, are set out in the documentation which has been sent to Qualifying Shareholders.

A “Consent Form” has been sent to all Qualifying Shareholders as part of the updated SLN documentation.

Any SLN Applicant who has subscribed for Loan Notes or who subscribes for Loan Notes before 5.00pm on the 11 August 2009 must ensure that a completed Consent Form has been received by Mills & Reeve LLP by 5.00pm on 11 August 2009 otherwise all funds held in escrow by Mills & Reeve LLP on behalf of SLN Applicants will be returned, and their application will be cancelled.

Meldex further announces that the Company’s Annual General Meeting will be held at Abington Hall Conference Centre, Granta Park, Great Abington, Cambridge CB21 6GP, United Kingdom on Friday 28 August at 10.00am.

The Company has, today, sent a full copy of the Notice of Annual General Meeting to all Shareholders on the Shareholder Register.

They're struggling, aren't they? They're having to change it every week becasue the take-up just isn't there by the sound of it.

Gave up last Friday trying to talk any sense in the zoo over multiple SLN purchases - not wasting my time, but it sounds like the outcome will be yet another failure anyway.


Bye, bye MDX. Nice knowing you!

Further, if I'd stuck money in there in hope, I'd now be trying to get it back out before the 11th.



That advice will fall on deaf ears too.

How can you take the risk of leaving the money there. If the amount raised is 4m and 2m is requested back with you opting to leave your money with the company, chances are it wont be enough and the liquidate 3 months down the line and you get nothing. Also not sure if they can list on PLUS with such dire finances.

Jeff, Al,

One problem may be that some won't respond in time, and they will get a refund by default.

Anyone on holiday may miss it for example.

Lucky them.

B J Muncaster - 6 Aug'09 - 06:45 - 14387 of 14395

A few points of clarification:

1.4M possible liability to BJM:
In the event that in aggregate 6M is raised, then the possible liability will be waived. In the event that in aggregate 6M is not raised, then the matter will be referred to independent auditors and their findings will be binding on both parties. In the event that the whole or some of the liability is determined, then that liability will rank pari passu with all other creditors i.e. it will not be preferred.

For the avoidance of any doubt, should a liability be determined, I have no intention of taking cash in settlement in preference to other creditors. If the creditors who we need to accept SLNs do so, then I would do so on the same terms. If creditors who we need to accept SLNs do not do so and enter into a repayment schedule, then I will do likewise.

The possible liability arose from cash loaned to or paid on behalf of the Company and its subsidiaries and came to light during an investigation into a claim against the Company by a former director who had been responsible for the accounts of all parties. All documents; chequebooks, bank statements, wire transfer forms and other supporting documentation, are available at the Companys office for inspection by any shareholder.

Change to Minimum Subscription:
For those who have yet to read the Supplementary Shareholder Circular, following are the critical points:

Since first proposing a minimum of 6M in April of this year, we have continued the work we commenced in January to reduce liabilities, reduce costs and increase cash flow. We are now in a position to determine that, with the support of creditors, we can achieve our 18 month objectives on less cash than originally envisioned. We cannot determine the actual cash required until agreements have been reached with some creditors, and we cannot reach agreements with some creditors until we know the cash raised from the SLN Offer. Therefore, we have extended the first closing date beyond the AGM because we and creditors need certainty about the proposed conversion price.

As stated quite clearly in the Supplementary Circular to shareholders, all funds will be returned to participants in the SLN Offer if the following conditions are not satisfied on the new closing date:

It is in the best interests of the Company and its shareholders as a whole to proceed with the completion of the SLN offer;

the Directors expect the Company to have sufficient working capital to operate for a minimum of 18 months from that time; and,

the Directors believe that the proceeds from the SLN Offer will be sufficient to enable the Companys auditors to complete audited accounts for the year ending 31 December 2008 and that such accounts, when completed, will not need to be qualified due to a lack of working capital.
Consent Form:
All participants in the SLN Offer who have contacted the Company have been emailed with the consent form. If anyone has not received the form, then please check your spam box (weve already had several calls telling us the email went to their spam box), and if the consent form has not been received, then please email me at bjm@meldexinternational.com, or call the office on 01223 394250 and well get one to you right away.

Please note: nominees do not inform the Company on the names of clients who have subscribed for SLNs via their nominee. So, if youve done so, then please contact your nominee who should be able to send you a copy of the consent form.

General comment:
I note that the regular naysayers met our announcement with their usual comments about BM & GC ripping off the shareholders, Plan A being in progress, prepping for a lowball bid, and so on. Such comments are nonsense and I suggest they be discounted in their entirety. Weve made frequent and open offers to all shareholders to visit us, help us, discuss our progress and plans, yet few have done so (were grateful to those who have) and not one of the naysayers has made an appearance. If I was as concerned about my investment as they claim to be, then I would be camped out at the office until my concerns were addressed and then offer whatever help I could provide to put right any wrongs. Oh, wait a minute, thats what I did do. Now theres a thing!

Good morning all>

Nice to see the usual suspects trying to stir up trouble in their vein efforts to kill MDXit is a done deal.listen.1.445M was raised in the first round1.4M Bridges loan could = SLN subscriptionsThere was a cap @ 500k per creditor in the original loan note that cap has being liftedwith creditors presented with the choice something of unknown value or nothingthe choice is easyany further conversions will reduce new money to be raisedwith the same choice given to the investors including myself. Between creditors/pis 2.655M to be raised this round and time extended simples
There is No alternativeand we will not be moving on!

------------------------------
jeffmack2 - 5 Aug'09 - 22:21 - 14339 of 14398

Seems like its only the majority of the ADVFN muppets who pledged money to the SLN. Other more savvy investors have steered a wide birth. When creditors know that PI's wont stump up, why should they agree to convert their debt.

Jeffa little savvy yourself.the alternative is fu*k all.that might be a difficult for you to work outbut I feel others might grasp the position readily
----------------------------------------------------
longj0hn - 5 Aug'09 - 21:32 - 14302 of 14398

jeffmack2
Its you who needs to move on instead of trying to interfere in something that has nothing at all to do with you.

Cant agree more John.
----------------------------------------------

longj0hn - 5 Aug'09 - 23:10 - 14367 of 14398

D_il
Would you prefer administration ?

I think we all know the answer to that John!!
---------------------------------------------------
Before all the usual bulls*it that follows.here is an explanatoinfrom the main man>

B J Muncaster - 6 Aug'09 - 06:45 - 14387 of 14399

A few points of clarification:

1.4M possible liability to BJM:
In the event that in aggregate 6M is raised, then the possible liability will be waived. In the event that in aggregate 6M is not raised, then the matter will be referred to
independent auditors and their findings will be binding on both parties. In the event that the whole or some of the liability is determined, then that liability will rank pari passu with all other creditors i.e. it will not be preferred.

For the avoidance of any doubt, should a liability be determined, I have no intention of taking cash in settlement in preference to other creditors. If the creditors who we need to accept SLNs do so, then I would do so on the same terms. If creditors who we need to accept SLNs do not do so and enter into a repayment schedule, then I will do likewise.

The possible liability arose from cash loaned to or paid on behalf of the Company and its subsidiaries and came to light during an investigation into a claim against the Company by a former director who had been responsible for the accounts of all parties. All documents; chequebooks, bank statements, wire transfer forms and other supporting documentation, are available at the Companys office for inspection by any shareholder.

Change to Minimum Subscription:
For those who have yet to read the Supplementary Shareholder Circular, following are the critical points:

Since first proposing a minimum of 6M in April of this year, we have continued the work we commenced in January to reduce liabilities, reduce costs and increase cash flow. We are now in a position to determine that, with the support of creditors, we can achieve our 18 month objectives on less cash than originally envisioned. We cannot determine the actual cash required until agreements have been reached with some creditors, and we cannot reach agreements with some creditors until we know the cash raised from the SLN Offer. Therefore, we have extended the first closing date beyond the AGM because we and creditors need certainty about the proposed conversion price.
As stated quite clearly in the Supplementary Circular to shareholders, all funds will be returned to participants in the SLN Offer if the following conditions are not satisfied on the new closing date:

It is in the best interests of the Company and its shareholders as a whole to proceed with the completion of the SLN offer;

the Directors expect the Company to have sufficient working capital to operate for a minimum of 18 months from that time; and,

the Directors believe that the proceeds from the SLN Offer will be sufficient to enable the Companys auditors to complete audited accounts for the year ending 31 December 2008 and that such accounts, when completed, will not need to be qualified due to a lack of working capital.
Consent Form:
All participants in the SLN Offer who have contacted the Company have been emailed with the consent form. If anyone has not received the form, then please check your spam box (weve already had several calls telling us the email went to their spam box), and if the consent form has not been received, then please email me at bjm@meldexinternational.com, or call the office on 01223 394250 and well get one to you right away.

Please note: nominees do not inform the Company on the names of clients who have subscribed for SLNs via their nominee. So, if youve done so, then please contact your nominee who should be able to send you a copy of the consent form.

General comment:
I note that the regular naysayers met our announcement with their usual comments about BM & GC ripping off the shareholders, Plan A being in progress, prepping for a lowball bid, and so on. Such comments are nonsense and I suggest they be discounted in their entirety. Weve made frequent and open offers to all shareholders to visit us, help us, discuss our progress and plans, yet few have done so (were grateful to those who have) and not one of the naysayers has made an appearance. If I was as concerned about my investment as they claim to be, then I would be camped out at the office until my concerns were addressed and then offer whatever help I could provide to put right any wrongs. Oh, wait a minute, thats what I did do. Now theres a thing!
---------------------

Places to go people to see.fight amongst yourself desperados.

So he lent them 1.4 million pounds that he "forgot" about ... yeah right.

From the above it does look as though they are really struggling to make the 6 million and from saying they really needed 9 million last week they can now manage with less than 6 million !

Its starting to stink again.