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.

With the sh*t I get off the muppets over in the zoo horsey its a bloody good job I have got a sense of humour.

Quid by xmas :-)

Oh yeah wwl , me an tabby had a horsey tipping competition a while back but after stuffing him two weeks running I think it was .. he gave up :-)

The Directors are pleased to announce the successful conclusion of the SLN Offer. The Company has today executed the documentation necessary to enable the Company to issue up to 5,950,000 of loan notes. These loan notes are to be issued to both shareholders who have subscribed for loan notes and to creditors of the Company who have agreed to convert the Companys outstanding debt to them into loan notes. The Directors and staff wish to record their gratitude to shareholders and creditors for the support given to the Companys plan.

Bridge Global Opportunities Fund (a company in which Mr Cressman is a shareholder) has agreed to convert the amount of 1,532,500 which is owed by the Company to Bridge Global Opportunities Fund into 1,532,500 loan notes.

Further to information included in the circulars sent to shareholders on 25 June 2009 and 4 August 2009, the Company is pleased to announce that, notwithstanding the fact that less than 6,000,000 has been raised from the SLN Offer, Mr Muncaster has agreed to waive his claim of 1,456,516.40 against the Company in return for the issue to him of 250,000 loan notes.

The loan notes which are to be issued to Mr Muncaster and to Bridge Global Opportunities Fund form part of the aggregate number of loan notes referred to above.

The finalisation of the administration of the SLN Offer is still being concluded and therefore the actual number of loan notes issued pursuant to the SLN Offer may be less than 5,950,000 however it will not exceed this number. Shareholders will be notified of the final number of loan notes actually issued in due course. Successful applicants under the SLN Offer should receive their certificate representing their loan notes within the next 15 days.

The Directors are also pleased to announce that Keith Hemming, its International Sales & Marketing Director, has agreed to join the Board of the Company with immediate effect. Keiths appointment will further strengthen the board and reflects the Companys increased focus on the successful marketing of its products.

The Company also announces that two of its loss making and non-core business subsidiaries, Dexo Biopharm Limited and Melbrosin UK Limited, have instructed McTear, Williams & Wood (insolvency practitioners) to assist the Directors in convening statutory meetings of members and creditors in accordance with the Insolvency Act 1986, to place the companies in liquidation.

See BM's already had his hand in the till for 250k without the dodgy debt being independently verified (?) ... here we go again.

Brilliant!!!

Add it all up, folks. Less than 6m (at best!) in 3 months of pissing around.

;-))))))))))))))))))))))))))))))))))))))))))))))



Naturally they announce this very late on a Friday. Do the muppets in the zoo get it now? Doubtful, and that's why they, Tabatha and every other idiot involved deserve to be where they are. Incompetent prats!

Company Update
Posted on: Friday, September 25, 2009


The Directors are pleased to announce the successful conclusion of the SLN Offer. The Company has today executed the documentation necessary to enable the Company to issue up to 5,950,000 of loan notes. These loan notes are to be issued to both shareholders who have subscribed for loan notes and to creditors of the Company who have agreed to convert the Companys outstanding debt to them into loan notes. The Directors and staff wish to record their gratitude to shareholders and creditors for the support given to the Companys plan.

Bridge Global Opportunities Fund (a company in which Mr Cressman is a shareholder) has agreed to convert the amount of 1,532,500 which is owed by the Company to Bridge Global Opportunities Fund into 1,532,500 loan notes.

Further to information included in the circulars sent to shareholders on 25 June 2009 and 4 August 2009, the Company is pleased to announce that, notwithstanding the fact that less than 6,000,000 has been raised from the SLN Offer, Mr Muncaster has agreed to waive his claim of 1,456,516.40 against the Company in return for the issue to him of 250,000 loan notes.

The loan notes which are to be issued to Mr Muncaster and to Bridge Global Opportunities Fund form part of the aggregate number of loan notes referred to above.

The finalisation of the administration of the SLN Offer is still being concluded and therefore the actual number of loan notes issued pursuant to the SLN Offer may be less than 5,950,000 however it will not exceed this number. Shareholders will be notified of the final number of loan notes actually issued in due course. Successful applicants under the SLN Offer should receive their certificate representing their loan notes within the next 15 days.

The Directors are also pleased to announce that Keith Hemming, its International Sales & Marketing Director, has agreed to join the Board of the Company with immediate effect. Keiths appointment will further strengthen the board and reflects the Companys increased focus on the successful marketing of its products.

The Company also announces that two of its loss making and non-core business subsidiaries, Dexo Biopharm Limited and Melbrosin UK Limited, have instructed McTear, Williams & Wood (insolvency practitioners) to assist the Directors in convening statutory meetings of members and creditors in accordance with the Insolvency Act 1986, to place the companies in liquidation.





Am I wrong in remembering that if 6m wasn't raised it was curtains? LOL! Shambles.

2p scln :

Gary 1,532,500 (creditor)
Barry 250,000 freebies (cos they didn't raise 6 million)
Other creditors ?????
Shareholders ?????

Total : not disclosed (lol) but no more than 5,950,000 (lol lucky Barry)


... and he was gonna walk away if he couldn't raise 6 million from shareholders with a scln at 10p.


lol

And before tabby asks ... 2 pints tonight mate , I went wild :-)

Morning all , when do you reckon we'll relist tabby ?

No money for it yet, drifting on betfair. Ive had a dabble E/W

tabasco - 25 Sep 2009 16:14 - 8020 of 8035
Dont want to encourage them WWL.BTW big buzz from those in the know for Jeremy Nosedas Without Prejudice in tomorrows Heritage at Ascotwill be backed!!! Please DYOR

OK count me in ... we can all blame tabby if we lose :-)

No doubt mister lucky will come on telling us he backed the other 5 winners at ascot

Should have known better , tabby your bloody useless mate.

Seconded. ;-))

lol

Jeffplease read my post again.

tabasco - 25 Sep 2009 16:14 - 8020 of 8035
Dont want to encourage them WWL.BTW big buzz from those in the know for Jeremy Nosedas Without Prejudice in tomorrows Heritage at Ascotwill be backed!!! Please DYOR

I was speaking to WWL and him onlyhe understands racingyou all dont!even then I added a DYOR in capitalsthis was a 28 runner handicap... run on a track that usually sees large fields split into three groupsI was happy with the high drawit was soon apparent the other 27 runners wanted the same far side trackI have run the VT through a dozen times and I am very happy that Without Prejudice is still well ahead of the handicapper who gave him a rating of 88...from a year low of 76...from a long way off the leaders Buick made up ground with easegive him the office around the two markhad to come one off the railcheckedchecked almost immediately againthe race was gone and Buick spent the last half furlong riding out a lost race.ending up btn.4Lthe horse will obviously not receive a penaltymy notes on the race have certainly uncovered some interest for the rest of the season.
Jeff just to give you all the factsI usually back more than one horse in these large handicapsespecially odds on five placesI only backed Without PrejudiceI also had Nosedas other runner Applause that has featured in my notes for the futurehad the both with Green Manalishi in doubles and a trebleplus a number of odds and sodsso done money therebut on a plus sideI layed Delegator for a few squidbut down a monkey on the day.happy!
Got the done deal bit right ah!that was a bit of luck?

No need to apologise tabby cos with your track record I only had a few quid on it. My father had the second , think he used the dart from 3 yards method to pick it.

LOL!!

One thing to note on Friday's announcement - ~30% of the loan notes were taken up by Baz and Gaz. ;-0

EDIT - in return for what they're owed. Do the math (as they say) and you really get the true picture of just how few idiots (even after the extension in July and the reduction in conversion price) actually took up the offer.

Not all the shareholders are stupid, obviously. ;-)

FYI



Big Al 39 - 28 Sep'09 - 20:39 - 20842 of 20842 edit


m63 - "BA39,does us a favour and go away." You never have been "interested in what I say", unfortunately, which is why you are where you are.

However, it's never too late to listen, is it?


grahamite2 - "Clearly the loan note had to be made attractive as a stand alone investment and this is what was done with the revised 2p conversion figure. You may well have called MDX down accurately but if you can't see that those who took the notes are likely to make very substantial profits your soothsaying abilities have deserted you."

Clearly the fact that the SLN had to be reduced to 20% of its original price was because of the desperate situation the company found itself in. Further, even when it was reduced to that level, it has still raised less than the minimal amount intended, yet you still maintain that there's even more money to be made from that level? How many times have we been told that in relation to MDX? I don't think it's my soothsaying abilities that should be called into question here. In fact, it's not even my judgement which should be called into question here; it's yours and those who invested in the SLN.

The majority obviously did so because they thought they had no option, i.e. they would lose everything - that's still possible plus the money they put into the SLN. I'd have thought the result indicated that that was a gross misjudgment on their part.

The fact remains that the original "minimal" amount was not achieved. Indeed, the subscription only came close to the original "minimal" amount because 2 directors made up 29.9% of the 5.95m raised. 2+2 does not make 5 here. I notice that several members of this BB (since I last read the thread) are really questioning the involvment of Barry and Gary to this level.

I'm sure they have a good reason, but what is it?

Being desperate does not make you a good investor. The only people to (probably) have invested in the SLN are the desperate. Those not in too deep have given up - simple