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.

There has been a written claim that RT maintained he had been constantly denied the right to communicate by the rest of the BoD quote.demanded the right to communicate much more with shareholders, but the BoD would not let him and wanted everything kept under wraps.

he has a legal backgroundcan somebody tell me if he is in a position or restricted at this stage to make a statement to this claim.

Depends if the bunged him a few quid to buy his silence.

GausieI thought you were a man of means.not a sillybillyjohnny!

Back, suitably exhilirated - no golf; course part-waterlogged.

CEO folows FD out the door - city bods say it's because of "problems company is experiencing" .... yep, in no small part caused by those two wanting to line their nests before getting out, but getting caught ...... if those two board positions had been vacated at any other listed company the SP would halve, but it's only gone back to what it was last week...

One way or another (buy out or bust!) RTs departure will swiftly bring an end to this chapter of MDX ..... and I'm backing the former ... if you think otherwise, good luck, but surely you can see how the BOD structure has been manipulated by those who have a stated desire to take MDX over, and it's worked to date! Now just need to set a price .... anything over 40p gets my approval, although many long termers will baulk at that price :-)

Bert it looks very much like a MBOthe pieces fit BJM giving SM a 10/10...the price capping.BJM a good bit responsible for the KKs and now the three togetherand 25 ml of shares in the banklooks a little more obvious!

Can anybody tell me please can RT make a no holes barred statement at this stageif he choose.

'Anything over 40p get my approval'

What's happened to the 60p/80p/120p/160p valuations?

:-O

Incidentally, how much have (if anything) MDX had to pay to get rid of this clown? CEO's always seem to get a golden handshake of some magnitude - 500k a fair estimate?

50p more like.

PT - I'd like 60p+ but can't remember valuing at that - bought at 32, 29 and 28, so I view 31p+ as profit, but needs to go over 40p to make the hassle worthwhile!.... and still haven't fully dismissed losing the lot! C'est la Vie!

Wouldn't be surprised if handshake for RT was 18 months salary- usual settlements are between 6 months if you are caught red handed up to no good (although that's only to avoid lengthy unfair dismissal cases) and 18 months to push you out when you don't want to go...... considering an MBO would cost 100m+, 0.5% of that to get shut of a perceived 'problem' would probably be acceptable to any new lot :-)

I am told that all is not what it seems to be here following the exodus of CEO and FD --the real truths are being hidden from shareholders for timebeing and will no doubt be revealed with interims later this month guys-you either hang on to your shares or you exit now look to possibly buy back lower down as the shares are going to be very volatile between now and end of this month!--I suspect the bears will no doubt get the upper hand till we get all the facts and figures--uncertainty does not help share prices!--if you are of a nervous disposition then sell but if you are very brave then hang on and good luck to you all!

Atek hold around 16 ml .the KKs around 25ml out of 225ml [seems like 400ml]there are no large institutions invested and a lot of PIs with substantial holdingsi.e. cloutBJM initial offer was said to be around 1-20 which you kinda get the feeling was not to far from the truthand he is sitting on a huge loseare you really setting your sites at 40p Bert

Said by who to be 120p .... scotty ???

Your having a laff now tabby.

DilI can take responsibility for that claimI have read just about every comment from BJM when asked about the bidall prices were mentioned from 70p-1-50 on many post's his answer has been his undertaking is to POTAM but suggestions around the 1-10 have caused very slightly different responsesjust an observationthats allcould be way off the mark. 1-20 was mentioned the most!

Bluefacethe real truth cannot be hidden from shareholders by lawwhat are you suggesting in that statement?you will need more backup than a mate said.I would like to see a statement from RTwhy has there not been a reason given for his sudden departure?.. Also rumoured Finns are happy with the newsthey must know the problem!

Blueface, a mate told me that this was a crap company to invest in, I see no reason to disbelieve him.

Bert, fair enough, an entirely pragmatic view, although $500k may be but 0.5% of any perceived (although pie in the sky unlikley MBO) it will probably represent at least 15% of FY profits with the obvious knock on effect to the SP.

Good luck :-)

Morning all.reflecting on the removal of RT.I dont agree with Bert that he was out to line his pocketsI believe he was on an obsessive dreamwearing the largest blinkers availableand making elementary mistakes.I personally thank him for his efforts and wish him well.

Never met the man, but someone on that board wanted to push through a 100m share dilution, and definitely let his mates in the City in on it so they could short MDX to that amount and cover their positions with the issue.... and in the process they killed the SP ..... and BM was one of a group of substantial shareholders, who, being not happy with that very point, decided to do something about it!

I don't have a target of 40p, but that would realise a nice profit for me, so it's my lower limit for acceptance of any bid - I think if broken up and sold separately, the parts of the business would realise nearer 120p+ .... and I'm not the only one with that view ..... so, as far as any future company is concerned, I would be very surprised if MDX carries on much longer than the end of this financial year in anything resembling it's current format .... and that, I believe, is why RT has had to go - his visions of the future, for what he saw as 'his baby', do not match those of whoever is now really pulling the strings!

I bet those directors had no clue that was happening until they read it here.

lol

I've been party to enough boardroom discussions to never be shocked by the arrogance, or sheer ignorance, of suggestions which have been pushed through to become policy, regardless of the impact on others who thought the board would act on everyones behalf. The main problem in law is the phrase "directors must act in the best interests of shareholders..." - but they themselves are invariably shareholders (if only to some minor extent) and so when lining their own pockets they are, technically, acting in the interests of shareholders ..... not ALL shareholders, but the law (deliberately!!!) doesn't say ALL shareholders...

Agree with a lot of your post Bertand always respect your viewsI look into actions speaking louder wordsits human nature.growth by the issue of stock and being blinkered to consequences of SP was RTs downfall...but he did a hell of a lot of good for the companylets us look at some more actions.SM showing more than an interest in company at a disruptive timewould he be in a better position if SP was capped lowBJM giving SM future interest a 10/10...how could you predict that?.RT out of the way. it was common knowledge he would try and block all bidsand the twins being recommended by BJMdoes that not say another board member could profit from your claimand unlike RT is still in a prime positionthis is all surmise to the future but based on fact!I think your take on the business being broken up is unfortunately another distinct possibility your guess? Head on blockI predict a SM offer very soon!

Bertthe law design loopholes for those clever enough to use!