International Medical Devices Share Discussion Threads

[pomp circumstance] 09/7/2008 10:48

cant promise anything but i did hear that the finance is in place but there is a fly in the ointment!! i dont want to raise hopes so just reporting what i heard!
Cant accuse me of ramping as they are suspended!

[ged5] 09/7/2008 10:37

I questioned Shore about the cashflow and even though they stated that they couldn't give advice they did assure me that the company would be able to continue functioning.

Thanks Nils for your regards I just hope there is another RNS and fairly quick. The longer it goes on the less likely there will be any takeout.

Pomp, anything less than 6p is a steal but I wouldn't mind anything above 2p.

I was driving through Yorkshire so I thought I'd check to see if they were still functioning at Selby recently. The warehouse still seemed well stocked and there were several people in the offices, most seemingly busy. None of them looked unduly concerned - in fact they looked a happy bunch. It didn't look like a company about to fold but who knows?

Let's just hope things develop quickly at the company before going down other routes.

[pomp circumstance] 09/7/2008 10:16

the last note wasnt independant!

[nils214] 09/7/2008 10:06

TF I didn't go with this one...was always very weary about it, it seemed to be too good to be true that the future earnings growth etc was going to result in the share price going up 4 or 500% and so it has been proven. Feel sorry for investors who have once again been misled not only by the company but also by the independent research notes...none of them ever mentioned a caveat about cashflow and refinancing.

Good luck with the next rns

[cyberpost] 08/7/2008 07:38

VGT were in similar problems as INT (VGT are loss making).. they also got suspended @0.54p for similar reasons. They've just been bought out by BATM at c.1.6p/share. RNS this morning.

[pomp circumstance] 04/7/2008 12:20

no idea, but raising money is expensive these days so anyone would one assume be expecting to be in at a discount!!

Mind you saying that SCAP should be forking out given only 2 weeks ago they were so bullish about the prospects,

[cyberpost] 04/7/2008 12:16

pomp - how much is 'on the cheap' ?

[ged5] 04/7/2008 12:05

I don't mind that prospect if shareholders get some return. Unfortunately I think McGrath was brought in because of his expertise in administration.

[pomp circumstance] 04/7/2008 11:51

I having a jolly old feeling that ceratin people known to you maybe shortly attempt to nick this company on the cheap!!

[ged5] 02/7/2008 11:43

I think these are the rules cyberpost was referring to in an earlier post. Extract taken from the Aim rules for companies on the LSE website.

Principles of disclosure
10. The information which is required by these rules must be notified by the AIM company no later than it is published elsewhere. An AIM company must retain a Regulatory Information Service provider to ensure that information can be notified as and when required.

An AIM company must take reasonable care to ensure that any information it notifies is not misleading, false or deceptive and does not omit anything likely to affect the import of such information.

It will be presumed that information notified to a Regulatory Information Service is required by these rules or other legal or regulatory requirement, unless otherwise designated.

General disclosure of price sensitive information

11. An AIM company must issue notification without delay of any new developments which are not public knowledge concerning a change in:

♦ its financial condition;
♦ its sphere of activity;
♦ the performance of its business; or
♦ its expectation of its performance,
which, if made public, would be likely to lead to a substantial movement in the price of its AIM securities.

[ged5] 02/7/2008 11:25

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[ged5] 01/7/2008 12:50

Oh sh*t!! It just gets worse.

I thought we had some sort of chance with the new management team but look who was the financial director at TVR

"I have tried to speak to the co. but they're not responding. Left message with Acheson the finance director on several occasions but no response. I wish they'd sink or resurrect this one. Cant stand the long boring wait inbetween.

I suggest that holders bombard the co with calls in the hope that s/one will respond."

[ged5] 01/7/2008 12:29

Don't forget Sandford - it looks like he's a partner in crime.

[jotoha1] 01/7/2008 12:27

Like I said previously Thomas has failed at every company he has been, he is a professional fall guy to suck in punters and skin them alive, dont worry lads he will be sorted very sooooon , and unlikely to ever appear on a board of a listed company!

[ged5] 01/7/2008 12:13

I think we might find this website useful:-

[ged5] 01/7/2008 12:01

Bear any similarities:-



Lindsay Sandford was chairman Chris Thomas Chief Executive.

It looks like we've all been fleeced.

[pomp circumstance] 01/7/2008 10:54

it is unbelievable!

Sandford is still 'hiding' in Australia.

[5huu] 01/7/2008 10:01

Just seen this news. I want to say UNBELIEVABLE but with Aim stocks these days it sadly isn't. What is amazing is its against the positive Broker Note. This is bordering on Fraud. I'm not planning on letting it spoil my current holiday, but I'll be hunting news & answers on my return. Lets just hope it gets here swiftly!

[pomp circumstance] 30/6/2008 10:48

i feel sorry for Achesons PA who ahsnt even been told what happening.
the first she knew about the finance issues was on friday when people started ringing up.

he hasnt even had the decency to speak to his PA regarding her position.

[loial] 30/6/2008 09:14

just wondering if all is lost here ...or is there any chance of coming out of this with anything ??

[ged5] 27/6/2008 17:46

Thanks PC!

The iv team doesn't include him at the moment but I'm sure cyberpost and myself both posted a link to his new site where the Surety needle was being shown. I hope he's not going to benefit whilst we suffer losses.

Are you sure Lindsey Sandford is holidaying in Australia and not trying to con some funds from some unsuspecting punter (oops I mean trying to raise some funds from a creditable financier)?

On a lighter note: - you have to feel sorry for the poor sod who bought 25 quids worth this morning. It could have reached 150 in a couple of years! The end of a budding Warren Buffet.

The poor girl at the office didn't know anything about the announcement and hadn't realised her job was a little precarious to say the least. She's still surprised Michael Acheson hasn't answered my calls. Now we know why!!

[jotoha1] 27/6/2008 17:17

Pomp, you have been pushing this dog for weeks , please tell us why , are you acting as a stooge or have you made it all up???

[jotoha1] 27/6/2008 17:12

Lets just say C Thomas is being watched very closely by some people who have matters to settle with him, lying little spiv who will get his rewards very soon!!!!

[cyberpost] 27/6/2008 17:03

What is annoying is that didnt the management envisage this prior to releasing the results ?