|Microemissive Displays Group
||EPS - Basic
||Market Cap (m)
|Health Care Equipment & Services
Microemissive Displays Share Discussion Threads
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|nothing comes up on google- gervais williams is supposed to be invested but i am not used at such a paucity of info even on this board!|
|EMED Mining (LON:EMED) this morning unveiled some early encouraging scout results from the Banska Stiavnica precious metals field, some 35 kilometres south-west of its Biely Vrch project in central Slovakia.
|All MED Scotland employees made redundant. A Scottish company now only has a German base.
Rumours of Chinese interest in the company. Fraunhofer Institute also showing a little interest allegedly.|
|Sounds like it may go private with no pay back for share holders.
Why should a company be allowed to get suspended if it is still operating?
If it is still employing staff so it should still be trading, OK maybe at an even lower market cap.|
|From the Scotsman this morning
MED calls in administrators and more technology failures feared
A SCOTS company credited with developing the world's smallest television screen has become the latest victim of the global economic crisis, prompting fears that there could be a wave of business failures in the technology sector.
MicroEmissive Displays is to appoint an administrator after failing to find funding to support its pioneering business.
The Edinburgh-based firm, led by chief executive Bill Miller, said yesterday it had been hit by the "severe slowdown" in the demand for consumer electronics and had been unable to borrow enough cash to survive .
MED, which has about 50 staff evenly split between its operations in Scotland and Dresden, Germany is continuing to trade and has not yet made any staffing cuts as a result of yesterday's announcement.
In June it said it was to cut five jobs after issuing a profit warning, saying monthly profitability would be delayed until 2009.
Last night technology entrepreneur and investor Ian Ritchie said he believed that , following the collapse, other struggling firms in the sector could suffer a similar fate.
He said: "I think it is very likely that a lot more technology companies will fold, like in the dot com bust in 2001, when a lot of good companies were wiped out.
"MicroEmissives is quite a big one and people will feel that it has gone, but there will be a lot of good smaller technology companies which will go missing without anyone noticing."
Ritchie, a former board member of Scottish Enterprise, added: "It is a real shame that MicroEmissives is to go into administration. It is not a good time to be looking for emergency cash because it is just not around."
The firm, listed on the Alternative Investment Market, suspended its shares following yesterday's announcement. The price before the suspension was 0.45p.
A spin-out of Edinburgh and Napier universities, the company warned in September that if it did not find new financing it would run out of cash by mid-December. Last month it reported a loss of £3.8 million for the six months to 30 June an increase of £700,000 over the first half of 2007.
The news is the latest in a string of blows for Scotland's technology sector.
Fellow university spin-out Wolfson is battling with a plunging share price and the departure of its chief executive Dave Shrigley, as well as the loss of most of its business with iPod maker Apple.
Earlier this year, listed biotech firm Ardana and dental technology company Idmos both fell into administration after a period of poor trading, while in February, Stem Cell Sciences said it was closing its headquarters in the Scottish capital in favour of its facilities in Cambridge.
Adrian Smith, programme director with the Edinburgh Pre-Incubator Scheme at the University of Edinburgh, added: "I understand they have always had a problem shifting product. It's a shame because there are a lot of able people there and with a bit of luck they'll come through it, something will happen. It's discouraging for other people if they see companies having a hard time on a public market."
A spokesman for MicroEmissives said the company would issue another statement once an administrator was appointed.|
|lol - I guess he'll get nothing - there's no cash left...|
|I wonder how much Kazuhisa Okamura will get paid for 2 days|
Looks like Kazuhisa Okamura should have spent a bit more time on due diligence before taking the job. And somebody should also be asking the question why MED were trying to expand when there was no funding in place...
Hyper Al - I hope you haven't lost too much on this one.|
I hadn't taken in that RNS, just the suspension one.
Oh well this is the first company I have held when going into administration.|
We are suspended.
I'm glad to say, I'm holding.
Good luck all holders|
|TCM - have you dipped back in then?
I'm afraid not Wild Bill - it's hard to believe now that this was one of best investments a couple of years ago. I sold the last of mine at about 30p (from memory), which was around about my avereage purchase price. I've kept an eye on things since then, but I've not been tempted back in. A punt at these prices could be very profitable if the company survives, but that is looking increasingly doubtful now.
I'm watching with interest, and I genuinely would like to see the company succeed, but I've currently got no position.|
|The idea may be a winner but without money it cannot reach the finishing line.|
In my eyes this is a winner, I really do not care about the alternative view, well not in the case of this company.
Good luck all holders!|
|Presumeably he has some idea of the financial position of the company. Perhaps they've secured some funding from somewhere?
I see that somebody has been buying yesterday as well:
That's either daft or he knows something. mind you, his stake of 1.18% of the company is currently only worth about three grand...
I guess it might be worth a punt, just in case they pull a rabbit out of the hat in the next couple of weeks...|
Do you think the new "Vice President of Sales - Japan" knows the financial position of the company he has just joined?|
|Let's hope Vuzix have an alternative supplier lined up, because unless MED manage to re-finance the business in the next month, they are going bust...
the Group's existing cash resources are likely to be exhausted by mid-December 2008.|
eyescreen® microdisplays deliver the big picture for Vuzix(TM) iWear®
New video glasses use tiny P-OLED displays to match viewing experience of 44-inch screens
Edinburgh, UK 14 November2008 - As one of the first commercially available ranges of video glasses, VuzixTM iWear® is using the eyescreen® full-colour organic microdisplay from MicroEmissive Displays to deliver large-screen viewing experiences to its new AV230XL device.
The new video eyewear uses MED's microdisplays, which are similar in size to the human pupil, to equal the visual effect of a conventional 44-inch TV screen. The glasses can be connected to almost any video device such as a personal video player, cellphone, PC, or game terminal, and will enrich the user experience on offer from innovations such as mobile TV, video telephony and virtual reality. The sub-$200 selling price will open up exciting video experiences to a broad consumer market.
"eyescreen® has played a major role in enabling Vuzix to realise its vision and deliver this new addition to the iWear range successfully to the market," said Bill Miller, CEO of MED. "This will create powerful new ways for people to enjoy many types of media and virtual reality, and I am delighted that MED has provided important technology to make it happen."
The new AV230XL will allow consumers to experience the full richness of games and media wherever and whenever they like. MED's advanced technology solutions and expertise with microdisplays has been critical to Vuzix achieving their product performance goals.
MED's Polymer Organic LED (P-OLED) technology is crucial to achieving high visual performance with an ultra-small form factor and low power. With integrated driver ICs as well as a digital interface to the host system, the eyescreen® microdisplay also solves important integration challenges for product designers and accelerates time to market.
|Still no news?
Five weeks to go and counting...|
This is the market that the clowns at MED have been saying will be their saviour after the gamble to put all their eggs into the Head Mounted Display basket failed. Management at MED should never be allowed to work again!!|
|...a key element underpinning these cash flow forecasts is the completion of a corporate transaction to re-finance the business. Although the directors are in discussions with interested parties, there can be no certainty that a transaction will occur, and should it not go ahead, the Group's existing cash resources are likely to be exhausted by mid-December 2008.
Any news yet?
Even if there is a last minute corporate re-financing, anybody who's holding now will be diluted out of existence.
Six weeks to go and counting...|