Medicsight Share Discussion Threads

[addict] 24/8/2011 13:21

I believe company directors may become personally liable for the debts of the company if they allow it to continue to trade when insolvent.Presumably it hasn't reached that situation.

[mikeja] 24/8/2011 11:59

We should also note that one of the cos businesses is now operated out of the UAE.At the end of 2009 a loan was made to a co called Dunamis run by 2 of the directors operating out of the UAE,after a postponement it was repaid-or so they say= but what the hell was MDST doing lending money to some entity totally unconnected business wise?There is also a shareholder Al Rajhi Holdings which owns almost 6% of the co.This is going to be sucked into the UAE and diluted out of existence unless we keep the quote.

[addict] 24/8/2011 08:05

The practice of de-listing,and using 'cost savings/illiquid markets' as a reason has become much more common over the past few years.I find the practice distasteful.One only needs to see the effect even the threat of de-listing has on the share price to realise it's highly unlikely to be to the benefit of the minorities.Sadly,by the time it reaches that stage,the company has often been mis-managed and much irreversible damage has been done.

[a.fewbob] 23/8/2011 21:32

New millenium resources (NML) delisted a couple of years ago in a similar manner. AIM washed their hands of them and all the investors, no fiancial reports have ever been issued, no expenation into the events leading up to the delist, no account of where the money went,

No investigations, Nothing!

Everyone concerned just decided to put it down to experience!!!!!!! I thought the whole point of markets like AIM was to prevent crooks from walking off with investors money, completely unaccountably. Clearly, those that work in the city are above the law.

[philipm2] 23/8/2011 20:11

The first thing to do is for holders to make their brokers aware that they want to vote NO.

[philipm2] 23/8/2011 20:09

A.Fewbob - what you suggest would be nice, but where do you start?

Ideally we need some who knows a tame lawyer knowledgeable in these matters.

What about the Naked Trader? - Although maybe, he won't want to rock the boat!

[21richyrich] 23/8/2011 19:56

why sell at current paltry price, once delisted shares may not be actively traded but if company sold later you still have your shares and would benefit from higher price?

[a.fewbob] 23/8/2011 19:56

How about some of you guys that obviously know your onions when it comes to reading financial reports and have been following this stock for a while, writing to the financial press and getting the spot light shining on this outfit of crooks.

This is the second time I have been robbed by a company while listed on AIM. I can't understand how they can be so vague.

Absolutely disgusted with AIM!

[philipm2] 23/8/2011 19:52

Wow Mikeja, am I right in saying that is over 5% of the company?

[mikeja] 23/8/2011 17:44

PhilipM2,totally with you.Have 9m shares,may take legal advice.Am contacting IC to see if they are interested.

[mikeja] 23/8/2011 17:33

The more I look into this the more putrid it smells.The statement says precisely nothing about the "investigations",nothing about prospects and nothing about the costs of closure.This is clearly an attempt to panic shareholders out for nothing.The cost of maintaining the AIM quote is £50000 pa,they have cash of £3m.Indeed there is probably nothing to be saved by cancelling now as the fees will have been paid up to end 2011.
In 2009 edison put out 3 notes,check their site,indicating the huge market as soon as FDA approval was granted."we have modelled a relatively fast uptake once US approval is granted.This is the result of the existing installed user base in work stations across the world,whereby end users only have to ask for the system to be activated".This could only have been put out with company approval.
Can anyone believe the Japan story?They are partnered with Toshiba FFS.
Finally in 2009 Medicsight wrote off OVER £8m in impairments from sums not recoverable from subsidiaries,what they spent the money on has never been disclosed.Admittedly in 2010 it was only £1.3m.
Incidentally the tax losses at last balance sheet were in excess of £46m,having a value of £12.7m at 27%.Noone wants to buy this co.?
Wait until it is all private and then....

[happier] 23/8/2011 16:29

philipm2:
I would definitely vote to against de-listing. Hope the others as well. But this seems not easy. MGT could buy another 20% shares in this scared situation. This may be a plot though.
BTW, would you please telling me more about GTE's story? Thanks.

[philipm2] 23/8/2011 15:27

To vote against the de-listing...

contact your broker.

If your broker is Selftrade, just call them and register a NO vote with them over the phone - that's all you have to do.

Messages regarding the meeting have now been sent out.

Remember - share holders in DPL defeated a motion to consolidate the shares.

If the BOD really want to de-list they will need your vote - 55% of shares are not in public ownership so they will need another 20%.

Another thing to remember - GTE's share price rocketed when in a similar situation, de-listing.

The cash and patent rights, plus US approval are worth far more than today's share price

[addict] 23/8/2011 09:48

'Industry leader'...don't make me laugh...

[wiganer] 22/8/2011 23:22

Lest ye forget:

June 20 2007

Dear Shareholder,

You may have seen the recent coverage in the UK business press announcing Medicsight PLC's intention to list on AIM on the London stock exchange.

It gives both of us great pleasure to announce that the much anticipated flotation on AIM will take place tomorrow on June 21 2007. The details of the listing are as follows:

Exchange: AIM London Stock Exchange
Ticker: MDST
Placing price: £1.10
Placing shares issued: 29,090,909
Ordinary shares in issue on admission: 155,524,904
Gross proceeds of the placing: £32,000,000
Net proceeds of the placing: £30,400,000
Market Capitalisation on placing: £171,077,395

This event represents yet another key milestone in the company's history. The proceeds of this transaction will enable us to continue to realise the vision set out at the company's inception, the funds of which will be used:

1. to further bolster the company's product pipeline via organic growth and acquisition
2. to enable long term clinical and commercial commitments to our existing partners

At this point, we would like to extend our thanks to all new and existing shareholders for their ongoing and future support and to the Medicsight team, who through their commitment and drive have made it possible for this to happen. Together, we look forward to watching this exciting story unfold.


Kind regards




Tim Paterson-Brown David Sumner
Chairman Chief Executive Ofiicer

[shroder] 22/8/2011 19:19

Shroder - 22 May'11 - 16:12 - 314 of 484 edit

TBF, what's your views on current past/management?

THE BIG FELLA - 23 May'11 - 11:34 - 315 of 484

Shroser

I think the last trading statement sums up the challenges ahead quite nicely:

Group cash balance at 31 March 2011 of GBP4,373,000
(31 December 2010: GBP5,336,000)
-- Total assets position at 31 March 2011 was GBP5,123,000
(31 December 2010: GBP6,520,000)
-- Net revenue from external customers was GBP30,000
(31 March 2010: GBP39,000) of which GBP26,000 was
for ColonCAD (2010: GBP39,000) and GBP4,000 was for
the MedicCO(2) LON Insufflator (2010: GBPNil)
-- Operating loss before interest and tax of GBP1,467,000
(31 March 2010: GBP1,299,000)


My local paper shop has a higher turnover.

[alpha534u] 22/8/2011 18:37

TBF i have 25k shares here at 10p ......so i am taking a hit .......didn't see it coming ......expected a lot more from them ..... :-((((

[ukmassy] 22/8/2011 14:32

Can't buy any online with Halifax at the mo.

[34simon] 22/8/2011 13:59

Is that right for the first 30 mins or so the price was unchanged then tanked
from 5p so those 2.5p trades could be sales after all ?

[maris] 22/8/2011 13:00

Just found my shares (and my family's) from the Radical Technology days. It says we each held 854 shares, which became 284 when the 3 for 1 share consolidation was done. So, I make that about £2.50 for each of us. That's quite a fall from £1,000 (each).

[happier] 22/8/2011 12:22

THE BIG FELLA.
I am still holding my shares here. Just feel too disppointed when looking at the more than 80% loss in my portfolio from MDST. This is my reality, how can you tell that I am ramping it? I would like to see this share price up as much as it can. But can you let it happen now?

[melton john] 22/8/2011 12:01

You are wrong TBF, I'm still here. I wasn't ramping it, genuinely thought that its time had come. I apologise and admit you were right on that occasion. They say every dog has its day but I suspect this one won't.