Adams Share Discussion Threads

[nil desperandum] 30/12/2010 08:33

various documents here:

[bohemia] 30/12/2010 08:15

FYI, got this by email from Corfin:


29 December 2010

Adamind Ltd (in voluntary liquidation)
("Adamind" or "the Company")

Notice of AGM and Update on Liquidation

Adamind announces that, in accordance with the section 337(b) under the Israeli Companies Ordinance, 1983, the Company will be holding an Annual General Meeting ("AGM"), on 25 January 2011, to report on the liquidation proceedings of the last year, financial status of the Company, and the process for the next and final distribution of funds.

The AGM will be held at 1.00pm GMT/3.00pm IST on Tuesday 25 January 2011 at the offices of Corfin Public Relations Ltd, 12th Floor, The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW.

A conference call facility is being made available for shareholders to participate in the AGM. If you wish to access the call, please dial:

• UK toll-free: 0800 368 1950
• US toll-free: 1 866 928 6049
• Israel dial-in: 037 219 534
• International dial-in: [phone]
• PIN Code: 714479#

The Notice of AGM, which provides the agenda for the meeting, has been posted to shareholders and is available on the Company's website (along with this announcement) at: www.adamind.com.

Update on Liquidation

Further to the announcements of 18 November 2009 and 21 December 2009, the Company has maintained a reserve fund to cover US tax exposure and associated costs. This exposure concludes on 8 April 2011, following which the net cash available will be distributed to all shareholders.

Information regarding the cash distribution and the expected price per share will be provided at the forthcoming AGM.

This represents the final liquidation payment. Once all payments have been cleared, the Company's bank account will be closed. Thereafter, Adamind will hold its final Extraordinary General Meeting and be dissolved, which is expected to occur a few months after the final distribution.

Distribution Process

Due to the issues that arose during the previous distributions, the Company has worked with its registrar, Capita Registrar's Ltd. ("Capita"), to examine alternative methods of payment. As a result, shareholders can now opt to receive their monies by cheque or via a bank transfer following a procedure recognised by Capita and where the shareholder will bear the bank charges. For those shareholders who wish to receive their monies via a bank transfer, it is necessary to update Capita with respect to their bank account details using the procedure outlined below:

1) Shareholders must complete a 'Request for Payment of Funds' form, which can be found on Adamind's website (www.adamind.com).

2) Completed forms should be returned to the Company's registrar at: Capita Registrars, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU, United Kingdom – and copied to Robert Pritchard: [e-mail] ([phone]).

3) Only once an executed 'Request for Payment of Funds' form is returned to Capita and the Company's shareholder register is amended accordingly by Capita, will the Company make the payment in the method indicated above.

To avoid an unnecessary prolonging of the distribution process or further complications, the Company requests that shareholders wishing to receive payment via a bank transfer update Capita with their bank details without delay.



Enquiries

Corfin Public Relations
Harry Chathli, Claire Norbury [phone]
[e-mail]

[nil desperandum] 03/12/2010 07:25

Thanks for keeping us informed, Chris!

[chrisdgb] 03/12/2010 07:16

I have been in contact with the PR company...Fingers crossed there have been no US tax claims..?? Dollar strength helps as well..not sure how much will be left per share..

[horndean eagle] 02/12/2010 21:02

Any basis behind your assertion Chris?

[mbaxter] 02/12/2010 17:29

Thanks chrisdgb. Looks as if it has worked out OK in the end after all the false starts and ups and downs.

[chrisdgb] 02/12/2010 11:49

Apparently we are getting an update soon on the final distribution of cash...!!!!

[gbill11] 18/6/2010 19:50

Anyone else still waiting for the tax refund

[gelp] 29/5/2010 12:12

I don't know why but seem to be more trades with lots of different shares now show on
www.plusmarketsgroup.com
but do show on ADVFN.
Any way ADA shows more activity than usual on plus, about half a dozen deals about 60000 shares .
We have been promised action so just may be on the way.
Us old Daw investors deserve a break!

[freestyle] 27/5/2010 16:52

interesting movement on this one, have held this since it first listed as dawmed. Down a bit andf then up a lot. 2 reasons:

demand in the market for ADA shares - this one in no way follows indices.
Preditors sniffing around looking for an early lunch - saw the same thing as dawmed in the Sp down and then up.

Pure speculation

[shares14] 02/4/2010 09:15

Gelp yep ;-) next rise !!!

[gelp] 31/3/2010 18:37

50000 at 10 bought today show on advfn and 44000 at 11 show on the Plus site also about 5k more yesterday at 11 & showing for 31st yesterday another 41666 at 12p . Thare are a couple of small 8000 sales.


I don't understand post 58 - '18p' is that a forecast? - uncut kindly 'give us a clue'

[ucnut] 30/3/2010 15:09

Expect to see volatile trading in ADA due to so few shares available. For the same reason I have just taken a few LEO and expect a healthy return there too.

[gbill11] 29/3/2010 21:40

I sold before the record date and still waiting for my tax refund.
Is there anyone else in this position.

[mjcrockett] 28/3/2010 20:43

Adalta's property available:

[gelp] 28/3/2010 19:09

shares 14. company was dawmed PLC and drifted down on events and non events.No mystery - they were small fish in the health sector and got damaged by exchange rate & gobbled up.
Sold assetts to main supplier and renamed the cash shell Adalta Real.
Dawmed is history but the Chairman is Kevin Gilmore and reads well on google look ups. The ADA story is pretty transparent and with the cash and experience in todays enviroment should be able to gear up and improve value for them and us.
I hold since Dawmed days at about 7p average and much more comfortable now than 12 months ago. £20k bought a 10p by Director plus announcements looks hopeful IMO- does not take much to move shares.
Good luck!

[shares14] 27/3/2010 11:19

Gelp,thanks for the summary,its very quiet on here,would you know the reason for the share price drop in 2008 from the mid twenties to around 4p i cant find any data,and iam new to the company,thanks in advance,i will spend a few hrs looking up on things here,BOL,:-)

[gelp] 27/3/2010 09:24

S14:Thanks for expalnation. sorry was confused.

There must be lots of old Dawmed holders in ADA but few appear to be posting.
The future surely depends on what they do with their strong cash position and highly experienced property expertise Kevin Gilmore FRICS – Executive Chairman
extract off site below.And since then James Hill FRICS is on board as well.Climate has never been better for those with the cash & connections to do the opportunist deal and with a listing and underlying revenues as well!

"Kevin is an experienced entrepreneur who began his career as a Chartered Quantity Surveyor and Senior Partner in his professional practice for over 30 years, during which he founded and developed three major Housing Associations. Over a varied business career he has had numerous business interests in commercial and residential property development, road safety traffic management and, over the last 16 years, a number of other small companies culminating in a predominance of health care. He and his investment company were cofounder and founding investor respectively, and he was executive chairman of Proteus International plc. This bio-pharmaceutical company was floated on the Unlisted Securities Market in 1990 before moving to AIM and then the Official List of the London Stock Exchange in 1998 and merging in 1999 with Therapeutic Antibodies Inc to form Protherics plc, which in turn was taken over last year by BTG plc. Kevin was also co-founder with John Crispin of the DawMed Systems plc Group (now re-named as Adalta Real plc) and has been its Executive Chairman since the "Bimbo" in 1997."

[shares14] 27/3/2010 08:36

Gelp,,at last another poster,i was just looking on the lse thread and a few peeps were talking about a takeover,i was just interested at what price could this company be valued at,as i noticed its share price dropped from the mid twenties very sharply..

[gelp] 26/3/2010 22:46

shares 14 : post 46:

"Talks of a takeover on the lse thread ;"

I can't find any reference to ADA on the LSE thread - is that correct reference. I can't see the relevance. Kindly give us a clue - .
ADA has cash & listing and may be just may be target for a reverse take over or merger of interests with someone.
Gdasinv2 - there is no debt - has some £700k of cash and low costs.
Trades:they do not all show on advfn: Some more modest ones show on www.plusmarketsgroup.com.
Facts: Director spent £20k at 10p, they are been some minor trading since but more than usual,the latest statement from the company oozes confidence.
Whether any of other trades this week are very relevant is a matter of conjecture - but does indicate liquidity.

[saturn5] 26/3/2010 09:03

Just my luck
When these were a dead dog I sold out.
Looking a little better now but can you sell.