Intercytex Share Discussion Threads

[the_doctor] 04/12/2010 14:00

'That's AIM Pharnma for you, and that's why I stick to resources from now on.'

haha - and AIM resource co.s all legit!??

There was no con here!
You invested in a company that was hugely reliant upon a Phase III trial
That trial failed and the company had no option but to sell up

[whibbled] 04/12/2010 12:44

Consort Medical plc (CSRT.L)

"In a separate press release, the company said it appointed Nick Higgins as Executive Director with effect from January 1, 2011. Nick Higgins, who joined Consort as Director of Corporate Development in January 2010, is currently a director of Regenerative Medicine Assets Limited"

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No mention of Nick Higgins on the 'New Intercytex' website Management List, so
it looks as though he may be organising the 'share out' from Regenerative.
Ha Ha).

[whibbled] 04/12/2010 11:42

.............and from the 'New Intercytex' website....

[whibbled] 13/11/2010 20:27

News report from the US (military).............

[numbercruncher2] 12/11/2010 00:55

Al-appreciate your comments and input to this thread, please keep us updated with any progress with your legal team.

Take care and good luck with your other investments.

[numbercruncher2] 12/11/2010 00:16

Al - Exactly. I remember when I first started trading. I thought, as an Accountant, I knew more than most and knew how companies should be run. I studied company law and thought I knew what was right and wrong. It was only when I came across companies like this and thought "This isn't right, the FSA will sort this out for the poor shareholders" that I realised the FSA stood for nothing and companies were allowed to get away with whatever they liked.

Don't get me wrong, I'm not trying to give anyone a hard time here. I've lost money here too. But I dont want to see people get their hopes up and be disappointed again.

[numbercruncher2] 12/11/2010 00:08

Al - they can say what they like in an RNS, who regulates this. As far as ICX is concerned it doesn't matter as they no longer exist. What authority is going to challenge what they said in an RNS?? They created another company, but it was a private company so it doesn't effect us in the slightest. Do you know how easy it is to set up a private company. I could (and have) set up a Ltd co in seconds over the internet.

In theory all shareholders have equal rights, but in practice it is the Directors that run the company.

Please feel free to let your relative barrister take a look, although I think it will be an open and shut case

[numbercruncher2] 11/11/2010 23:58

Al - Those are your words but unfortunately I couldn't disagree with you.

These guys knew the score. They were the ones running this co. and were aware of the situation. Let's face it, they were the directors of ICX and they got a good wage from the co. Did they lose their investment? No, they took their money (and ours) and created a new co and continued their work drawing down their salary. In essence they are better off as any asset disposal is now split between just them (rather than them and the shareholders i.e. us). In the eyes of the law this is acceptable (take a look at what happened at CNT and their directors)

[numbercruncher2] 11/11/2010 23:50

Bobby. I understand your position (both personal and financial) as I have been a reader of this board for a long time. However, I think we need to be realistic here as there is no point in giving false hope. We were all ICX investors but ICX, as a company, no longer exists. Therefore, whatever investment we held in ICX no longer exists. We have no ownership or rights to the new company - the directors do. Unfortunately we chose to invest in the "Wild West" commonly known as AIM in which we (and the FSA) have no control over. As unfortunate as this sounds, this is where we are.

[numbercruncher2] 11/11/2010 23:39

Al - they cannot be "physically disposed of" because they have been cancelled and hence they no longer exist. Believe me, I am an accountant with many years experience, there is no value to these shares.

You find me a person in the law that can attribute a value to these shares and create a market for them and I will gladly donate my shares to you.

If you manage the above, be sure to tell all other investors of companies that have gone into administration recently (CNT, ROK) so that they can recoupe their losses.

[numbercruncher2] 11/11/2010 23:20

it's an audit trail, they can't just disappear as they haven't physically been disposed of.

Anyone that thinks they can recoupe any of their investment here is simply just kidding themself. ICX no longer exist. Whether the directors have created another company is neither here nor there. We have been truely shafted.

[vivgav] 11/11/2010 23:12

Obviously not!.........just curious as to why they still appear

[numbercruncher2] 11/11/2010 23:11

can you trade them?

[vivgav] 11/11/2010 23:04

Why is my HL account still showing that I hold regenerative holdings then???

[numbercruncher2] 11/11/2010 23:03

Bobby - sorry but you are incorrect, we do not have an interest here. These shares are solely held by the directors. Our shares were cancelled when they became delisted. I am afraid there is nothing more we can do