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[wal footrot] 12/8/2005 13:13

jolly good luck to you memoeryman

[memoeryman] 12/8/2005 13:12

ADVFN

im quite happy for him to chat away and discuss but when you calls people liars then that serious , he has no proof just his words

[sealed] 12/8/2005 13:10

memoeyman
Who have you reported dell to? The pump and dump trade union?

[memoeryman] 12/8/2005 13:05

dell seen you about before, u like to call people liars....very dangerous game to play. Ive reported you for that.

[memoeryman] 12/8/2005 13:04

libel case coming up me think here LOL

[memoeryman] 12/8/2005 11:12

is this one worth getting into now, or will it go down before going back up again..keep hearing good things about it, and somepeople are talking about 10p?

[davew28] 12/8/2005 10:27

Also spotted this story. If it reduces cellulite without even exercising, there must be millions or even trillions of customers out there, including the missus!



K West Introduces Generation Power Plate
Tuesday, July 26 2005 @ 02:40 PM GMT
Email Story | Print Story


The hip design hotel, K West is the first hotel in London to introduce the new Next Generation Power-Plate - the latest celebrity exercise craze to help you tone up, lose weight and reduce cellulite.

It's not too late for summer! With as few as six simple sessions on the Power-Plate® at K Spa at K West, guests can develop the perfect beach body in time for the holiday season.
Recognised as one of the most efficient training devices available in the world, guests using the Power-Plate® will be able to feel the difference immediately. The vibration training is low impact and gentle enabling anyone regardless of their fitness levels to benefit - and as 10-minutes on the Power-Plate is equivalent to 60-minutes conventional strenuous exercise, now there's no excuse!

Benefits of the Power-Plate:
• Reduces cellulite
• Tones muscles
• Increases flexibility
• Helps you lose weight
• Improves posture
• Develops fitness and well being

K West's Personal Trainer, Nick Hammond comments: "In only six training sessions on the Power-Plate® one of our guests has lost two centimetres from each leg, her cellulite has almost disappeared and the tone in her legs is phenomenal.

He continued: "I've been training people in my home-town of Auckland in New Zealand for over five years and have never come across a piece of equipment which has so revolutionised the way that we train. With the Power-Plate it's now so simple to tone-up, and look and feel great in a short space of time."

The cost of the personal Power-Plate training with Nick Hammond is only £10 for 10 minutes, £15 for 20 minutes or £20 for 30 minutes.

[davew28] 12/8/2005 10:14

Another story relating to Power Plate. Can't actually get to the full story but if you do a Google News search on Power Plate you get the following:

"Golfers turning to Power Plate
Knoxville News Sentinel (subscription), TN - 20 Jul 2005
... Two years ago, Voges purchased the Power Plate, an innovative workout machine that produces a vibration through which energy is transferred from the platform ... "

Anyone want to try to get the full story, hope you do better than me. ;)

[barnsey] 11/8/2005 23:42

Powerplate would seem to be very popular in the USA,today them, tomorrow us.

Link below for Totally Fitness a UK designer of gyms, installer of gyms and
equipment.

[dell314] 11/8/2005 09:36

wowyea - please let's not start this off again!
I'll try and clarify it sufficiently to satisfy you.

From the RNS of 25th July:

Following the publication of this announcement, the Directors of ADDleisure intend to subscribe.....

and:

Due to the exercise of warrants referred to above, application will today be made for a total of 10,000,000 new ordinary shares to be admitted to trading on the AIM market of the London Stock Exchange.

The new ordinary shares will rank pari passu with the existing ordinary shares
of the Company and dealings in the new ordinary shares are expected to commence
on 29 July 2005.

Hopefully, you can now see that warrants were converted "just before the end of their financial reporting period", as you have kindly quoted from my earlier post.

Although it isn't strictly necessary to have adequate funding at the year end date, it is necessary to have adequate funding available for the 12 months to the next year end for auditors to sign off as a going concern, without qualification.
However, raising the cash just before year end has the psychological effect of making the cash figure on the reported balance sheet look healthier.

I hope the above helps. If it doesn't can I suggest that you get yourself a book, as previously suggested.


Therfore, we are back to the question of why ADE needed to inject £450k of cash at this stage. As we've already said, if directors merely wanted to signal confidence they could have done that at considerably lower expense, with a few market purchases. It appears that ADE need the cash....

All IMHO, DYOR etc.

Rgds
dell

[wowyea] 11/8/2005 08:56

Dell may I quote you?


"The fact remains that the warrant conversion appears to be a clever way of injecting needed funds just before the end of their financial reporting period."

I understood the year ens was 31 July and the warrent were converted in august therfor after their year end..correct?

and a financial reporting period is to 31 July and not to when the accounts are signed off, that is a subsequent event or post balance sheet event which I think this was.

[davew28] 11/8/2005 08:38

dell,

The exercising of the warrants at that time may (or may not) be significant. This is conjecture as I describe it and until the results are published, that is all it will remain. It may be that they have increased their cash burn significantly and I would actually expect this since this is a new company developing and promoting new products which from what barnsey has researched, has massive global sale potential. Until the results are produced and more information is in the public domain, much of the financial position arguments are purely hypothetical. It is refreshing to see the discussion return to the products of which more information is avaliable. I do not like to see continual ramping of any sorts, hence my request to keep to facts, but your arguments became personal and completely off topic in the end.

Cheers for the input anyway

dave

[dell314] 11/8/2005 08:20

daveW - whilst I would agree with you that any attempt to hold a sensible converstaion with wowyea is particularly useless, I can't agree that discussions about ADE's financial position are not just as important as articles about the products.

The fact remains that the warrant conversion appears to be a clever way of injecting needed funds just before the end of their financial reporting period.
Therefore, it makes sense to consider why ADE would need to do that, especially as they had a reasonable amount of cash at the interims.
It certainly raises concerns about their cashburn, IMHO...

All IMHO, DYOR etc.

Rgds
dell

[davew28] 11/8/2005 08:02

barnsey,

Excellent factual post in view of the useless conjecture and off topic rants that has been posted here the last few days. In particular I like the medical benefits that are being touted. If some of the research can be scientifically substaniated and proven we are on to an absolute gem. Alternative medicine that is scientifically proven is worth a goldmine.Let's hope the potential is realised.

dave

[barnsey] 10/8/2005 22:36

Medical Rehabilitation

The medical benefits of the Power Plate are considerable, as evidenced by its acceptance from major medical, rehabilitation and therapeutic centers across the country. The biomechanical aspects of vibration therapy are widely used in the medical field for the prevention and treatment of different types of illnesses and injuries. The Power Plate's Advanced Vibration Technology allows people with debilitating conditions such as osteoporosis, arthritis, multiple sclerosis, Parkinson's Disease, and stroke victims to yield the benefit of exercise while working within their personal limitations. Scientific research on the effects of Power Plate's Whole Body Vibration is continually being conducted all over the world. An increasing number of these studies and their results are being published in leading medical research journals.

Emphysema
MS / ALS
Osteoporosis
Rheumatism
Lower Back
Whiplash

[barnsey] 10/8/2005 22:35

Anti-age Longevity


The Power Plate is a quintessential tool in anti-aging and for living a longer healthier life. Vibration training on the Power Plate creates an intense vigorous workout affecting virtually every muscle in the body without using overload, and dramatically reducing strain on joints, ligaments and tendons. The brain reacts to the intensity of the workout by producing enormous blood flow and oxygenation throughout the entire body while also causing a dramatic spike in Human Growth Hormone (HGH), key to the repair and regeneration of tissues. At the same time there is a rise in testosterone, a significant elevation of neurotransmitters and endorphins (providing the so called runner's "high") helping to suppress pain and elevate the users mood. In Power Plate's short duration training (an average of 10 minutes a day, three times a week) you will also quickly increase flexibility and range of motion as well as improve the production of collagen all within the first ninety seconds of use.

Overall, the Power Plate contributes to a more youthful feeling due to an increase in oxygenation, increased secretion of serotonin (the happiness hormone), mental stimulation and improved basic brain functions (such as better concentration). Almost immediately you will notice positive influences to your overall strength and well-being. By decreasing cortisol levels the Power Plate helps eliminate the effects of stress making the Power Plate a great tool for relaxation.

[barnsey] 10/8/2005 22:33

Corporate


With millions of Americans facing chronic conditions such as arthritis, hypertension, chronic low back pain and other ailments on the rise, companies are realizing the benefits of offering corporate fitness centers. Striving to make physical fitness part of their employees' lives to help improve overall health and wellness, companies are looking for quick and simple fitness programs like Power Plate's Advanced Vibration Technology.

By merely standing on the Power Plate one can yield its host of benefits: enhanced muscle strength, improved balance and flexibility, pain reduction and increase blood circulation.

Since the Power Plate does not require rigorous physical activity and only takes about 10 minutes per session, employees can train on the Power Plate during their lunch break or any time during the day when feeling sluggish and just needing to be invigorated.

Not only does vibration training on the Power Plate improve efficiency of the brain's ability to effectively trigger and improve physical response and performance, but it yields increases in key hormones like serotonin that counter mental lethargy and illicit true enhancement in overall mood as well as sharpening an individual's ability to focus and concentrate.

With its small footprint and limitless applications, the Power Plate is the perfect equipment for any corporate fitness center environment.

[wowyea] 10/8/2005 13:18

Dell dont need to ask LOL heheheeh

[dell314] 10/8/2005 13:03

wowyea - why don't you ask one of your accounting acquaintances that you mentioned above to explain it to you.
Funnily enough, I'd guess that you invented those, as well as your financial reporting knowledge.

If someone says to you, "my dad's a policeman", do you immediately reply, "my dad runs M.I.7 and it's so secret that no one even knows they exist"?
If someone says to you, "I went on a climbing course at the sports centre", do you respond with, "I climbed K2, last week"?

Can you see what I'm getting at here??

Rgds
dell