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.

I went once to have a barney with Etrade. Not going again though.

Well I went twice.
So ner.

Ping!

Sonar.

I went to Uni in Cambridge! :o)

To cheer my cousin on Graduation Day. :o(

Who needs a Degree anyway? Unless it is to run a company such as Meldex International.

Well I don't know where Cambridge is and to be honest couldn't care less.

Morning allnot a good start for mewalking back up the lane with our doghe nose-dived and then moonwalked in mudI dropped my baguettes and papershe then tried to clean himself on my jeansso its half a baguette no front pages a change of clothes.bath the dog and start the washing machineother than that its a great morning here in Kent27 degrees .Im normally so luckymust be good news from meldex towers coming today.everyone else ok?

Well, the Meldex story might just be big enough for the front page Tabby, so I hope it wasn't on today's! ;o)

tabasco,

Well your day can only get better!

So have they three names for Friday's meeting yet?

if so, do you know who is going to attend?

It hasnt Andyone of my nice brandy glasses cracked in dishwasher.should not have been in there! my fault...

BB is supposed to be organisingso you tell meI would think we will get some sort of communication from Barry today
Best guess:-
I would say Nip has to be thereand he would have the majority of votes from us pis Chay is in Abu Dhabi so thats a non starterLexuss surely must now goit will be the only way to persuade him to communicate with us againas L2 has been invited by Barry independentlyI would perm any other two from Nick2412...Donk Rafboymaybe CQP...

A post that is worth reading imhoit probably explains why we are in this positionand blames primarily three ex. Bodsan honest post I believe
I have highlighted camerets opinion of Barrys involvement.

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cameret - 14 Jan'09 - 09:43 - 38139 of 38169

Nemo2
I was interested in your posts because I was doing my own research into BPRG at a similar time. My background is pharma development (in which I remain involved ) and I was doing it as a shareholder and also because the technologies had considerable potential for my own company.
GH and BJM had a simple strategy. Patent the technology and applications , develop and manufacture the specialist films , design and develop production machinery to work at GMF standards and at high speed , Income to come from the sale of bulk film, machines(made under licence ) and royalty licences for use of the technology in specific applications.
My viww was that this was a sound business plan. They bought Tampa ( probably a mistake since it had only one low tech machine) ,planned a full pharma plant in Brighton , and built the first protypes .GH ran around selling the ideas, the share price went above 1. Biggest potential was in NRT films.
My understanding in talking to the company was that the real issue was with the composition of the films . These had to be very robust to withstand high speed production but as have the qualities and flexibilty to wrap tablets , contain actives etc . I talked to many big phamas wha had been approached . They all said the same thimg . Great potemtial for product development but we cannot progress until we can get hold of a reliable supply of viable films to pharma qaulity standards and a high speed machine.
Nevertheless they had 2 top scientist on the case ( Teckoe and Novak ) and a good design engineer ( Lee ) for the machines.
Clearly funds were an issue and that was where Dan Farrow showed up, and the rot started . I heard the rumers at the time that he was not to be trusted and by what I have read on these boards this was probably true. If he was indeed shorting the stock , he should be locked away.
I met RT . Not impressed . A lightweight with no idea of the pharma industry.
THey set about clearing everyone out and launched a forensic investigation on GH which revealed a cavalier approach to some expenses but nothing worse. As far as I am aware , nothing on BJM.In quick order Teckoe and Novak departed and were not replaced. SM arrived ( an old mate of RT) -again lightweight.THe big plan was announced. To buy up some rather dismal EC companies and transform them with the technology.
My concerns were
1. who is going to develop this technoligy?
2. Markewting pharma is enormously expensive
3. Where was the marketing expertise to run European OTC products?
At this stage I sold all my shares and have only been watching ever since .
Truely sorry for the company and the PI's who have been treated shamefully.
Lets hope BMJ can get hold of what is left and find a way of delivering some value from the technologies.

There we go guys .... quid by Easter.

If it was DilI would sell up and move to La Napoule before you could say Mondeo

tabasco,

Thanks, hopefully someone will take notes.

You ever get offered 10p for shares in this pile of sh*te then take it and run !

Did suggest you do that at 20p .

But you did get something right eventualy though Tabby ... mm's won't sell you feck all on line these days :-)

Aw, hey Dil, a bit below the belt that one! :o)

SCRUTABLE - 15 Jan'09 - 01:58 - 38482 of 38504

I appreciate that BJM/GC are the only team left with the remotest chance of saving shareholders assets, but the future needs to be built on truth, so I must clear a piece of misinformation which has been repeated so often that it bids to replace the facts:

m5 - 12 Jan'09 - 21:50 - 37725 of 38480

.....DF and RT saw a once in a lifetime opportunity and ruthlessly exploited it to their advantage. Getting hold of an AIM company with 14 million cash (as BJM has reported here) and with no institutions to be answerable to...

Yes BPRG did have 14.4m cash at 31/12/04 but what Barry carefully omits to clarify each time, is that under GH (with Barry at arm's length, consulting) the company was losing close to 1m/month and the cash position, falling at a similar rate, was down six months later to 8.8m and bottomed out at 6.5m before the rot was stopped. BJM's strategy of licensing the IP in pursuit of royalties had been a complete failure. Six years after flotation Revenue had had only reached the derisory level of 200,000/month. During those years, Barry and Graham Hind together lost 27m for the company.

RT who has come in for a great deal of stick, and is understandably unpopular, nevertheless did slash costs, changed the strategy and thereby effected a substantial turnround. Good acquisitions of Dexo and Rocgel were followed by the mistake, which was to wreck the company: not only buying Melbrosin but agreeing a price based on an easily fiddled earnout, and worse still, inviting those two charming Viennese poachers onto a board stuffed with the lazy gamekeepers at MDX.

If Barry is as intelligent as his supporters make him out to be, and more so than I have seen, he will have learned a lot and be willing to change a lot. I hope so for the sake of all PIs and not least for Barry's own sake, but I would love to know what those changes are likely to be.

He could do worse than re-entice the exactly qualifiedThomas Engelen back into the CEO's position, but restrict his own heavyweight influence to the funding, the financial controls and reporting systems, where he has already demonstrated that his talents lie.

He should absolutely refrain from meddling in the marketing and let TE or his equal get on with it

Good morning all.I made sure the dog hovered to the village today for papers and baguettes.. no mishaps..
Farm hand.I was right again.you are a farm hand.you work in Brusselsyou are a Brussels spouter!!!!I mostly steam em they also go well shredded in mash. but with your last post I have a much better suggestion?
Listenyou are a shit stirrer.you post scrutables views that are insaneRT fu*ked the company along with others as you well know and will do time
For pis its Barry or bustas you would love bust and see a lot of good people sufferyou are prepared to post such crapsweet dreams

It's m5's view not SCRUTABLES isn't it and one I concurr with in the main .

"but restrict his own heavyweight influence to the funding, the financial controls and reporting systems, where he has already demonstrated that his talents lie" ... I cetainly don't think he has a bloody clue about financial controls only how to get around them.