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.

W A R N I N G
This is a bit long, and touches Bankers, Execs, FInanciers and (only slightly) Meldex.

1) Concerning this recent posting from ADVFN
Not Meldex:
I'm not sure what we individuals can do, as the whole composition of share-ownership is heavily in the hands of the city hangers-on and senior execs - there's even an Institute of Directors, that looks pretty well funded.
Yet if retail shareholders put 1% of each trade into a fund (to lobby for greater representation), then our Directors might be unable to run businesses like a private hobby.

Thereare plenty of duff companies we could get excited about, not just tiddlers on (what was Ofex), or AIM - YET there have been FTSE companies that have "run-off" (my phrase perchance) with the company's standing and lost wee retail investors (and some pension funds, maybe) a LOT of money by way of sp falls - But importantly the companies are no longer able to pay Dividends, nor provide employment for long-serving workers who didn't get huge bonuses these Execs regularly award themselves.
One aspect of wrecked companies that isn't regarded is the COST to the State that workers become, when the Company fouls up.

Meldex/Bioprogress
It may be that by focussing on one, for example, much could be gained from UK Government legislation, changes in City practices and so on........but the difficulty IMHO, is that as soon as the focus-company manages to "lose some important paperwork" -or- perish the thought, a key-Exec were to fall ill, the whole emphasis would be lost; there being little to push against, once the elephant has crumpled into a paper bag.

Each time you trade, the Government takes 1/2% - yet do we shareholders get 0000 in the way of protection against "rogue practices" and so on? Perhaps we should elect a day when an agreed letter is sent to each of our MP's demanding some changes....and maybe the feeling of some collars, starting with FTSE-listed Banks. At least we know who they are......theya re listed in the Company accounts, along with their Auditors!

I fear the Meldex money is lost; that any value in their technology, or "deals" was partly illusionary and now after some while almost worth very little. That is reflected in their dire sp performance and the weasel-words of just about everyone associated with the company. (There is a small truth that Execs cannot be over-cautious in case the sp takes a tumble)....for this might upset loyal shareholders greatly ....but to keep blowing more air into a stretched airbag is not a sound basis for long-term safety.

Keep posting these group actions . . . . I'm sure there is at least some ground-support...

However, I suspect it is the SYSTEM that needs radical overhaul, such that it serves the folk whose livelyhoods and cash is at risk (=we punters), rather than providing a greased-lifestyle for a few executives(and financiers perchance), whose abilities are oftimes found wanting, despite fat fees towards LT failure.....

By remaining divided we create the very seed-bed of our own destruction...can't say I belong to the UK Shareholders Guild (forget their name) so really I'm as guilty as you others... the problem being that "most-times" we are acting in our own selfish interest and hang the fairness - that is what Markets like, for being divided our voices are merely "chatter" and of no consequence.

There is an Investors Show (in September, Barbican I think) - anyone like to bet there won't be an Angry Shareholder-Stand to air our grievances...?
Perhaps we should insist there is, - or we won't attend - that could start the shareholder's revolt . . . . . for I see little opportunity in much else......if we could march on Parliament,THAT would be TV/Newsworthy and might wake-up MPs to the public anger about Bankers for a start.
It won't happen unless we do it. For the Show is commercial, paid for by Promoters and we punters merely the grease between the wheels.
- - - - - - - - Only we have to blame ourselves for allowing this to continue. - - - - -

Could someone text me if these relist or BM gets arrested before September.

Cheers :-)

Just had a skim through the posts on the other channel, not much by way of positive news.

Tabby, your mate Chay is none too confident about your "investment"



Chay01 - 30 Jul'10 - 11:30 - 10630 of 10918
I wouldnt be too quick to dismiss the IP as worthless. A small company with strategically incompetent management squandering and pocketed vast sums of money was never going to revolutionise the Pharma industry. Our core tech was never given a real chance but that doesnt mean it has no value.

Barrys not back in the hot seat to simply earn a salary or seek revenge on RT for conning him as nemo suggested. Imo he believed that he could achieve a home run with at least one of the technologies. Even now, with the demise of the Company looking inevitable, due to ill advised legal action, he will still try to hang on to the IP for future rewards.

Oh good, does that mean the end? Might be time to splash out on some bubbly. ;-))

Is it time to turn out the lights


Gloaming - 6 Aug'10 - 12:44 - 11086 of 11101

My guess is that after today, BJM will announce that MDX can not meet the legal costs and continue as a going concern and has therefore been forced, reluctantly, to put MDX into administration. A new company will be formed to manage the assets that the SLN is secured against, with SLN holders owning a proportional interest in that new company.

I said a few weeks ago, if this goes tits up, watch the loonies come out in force, with more conspiracy theories, and you can bet, not one single one of them will have offered any help to BJM/GC.

I spoke to a shareholder last week, he lost 100k on this fiasco, he wishes Meldex had gone into admin last year, at least he would have taken the tax loss then, he reckons thats all he can expect out of this.

Tabby still thinks his money is safe. Cos Barry never loses.

Except when he loses.

Ho, ho, ho. Now, if I remember everything would be fine once the court case was won. I didn't really think they didn't have the money to even fund a few proceedings.

Has MDX ever had amangement worth the name. Well, it's all panning out nicely for those who took an objective view of this pile of crap. I notice Tabatha no longer visits this thread. Is he making a prat of himself elsewhere now? ;-)))))))

I wasnt aware Barry lost?thats not what he told melol

..................... and you belived him again.

You never learn do you, Twitchet? ;-))

thick as a brick...

Preeeeecisely! :-)))))))))

tabasco,

I went to the HC today, and have posted on the other side.

Not a good day for MDX I'm afraid.

tabasco - 06 Aug 2010 16:44 - 8469 of 8473
I wasnt aware Barry lost?thats not what he told melol



Maybe he didn't tabby but everyone else did but hey he wouldn't give a feck about that now would he !

Should have bought AVN tabby.

Tabs - I wonder when you'll realise what a twat you've been.

Tabasco,

Barry did not "win" yesterday, if you can define the hearing in that sense.

He lost the first half, and came out to up his game and deservedly drew the second half, replay to come, if they can find 150,000 by 16.00 on the 20th August! to guarantee the opposition's match and travel expenses, currently at 81,000.

If not, they will lose by forfeit, and the replay will be cancelled.

Tabasco,

I was in your neck of the woods today, or near to it, Charlton, and we were on a Gillingham train.

Sadly we suffered the same fate as Barry!

So BJM put someone elses' house up as security for the expected court costs? Everyime you think the MDX story just can't sink any further into farce, another level is found, beggars belief.

Just catching up. Each little snippet makes you wonder how MDX ever got this far. Mind you, many saw it, and I'll include myself in that. ;-)))

how on earth can you guys still be writing about this busted flush company which, as far as i can see, was suspended or ven put into admin about a year ago?

tabby - how big a bath did you say you took on this? .... 100k??? .... that's an awful lot of losing horses ....

mind you, i should boast having totally done my bollocks on dotcom crap when i had a paper profit of much more than i like to think - dumb arse, and then some!! .... at least i retained enough to pay off my mortgage