Mediclinic Share Discussion Threads

[pwhite73] 03/11/2013 09:28

TrueFacts

Yes it is illegal for trading companies not to file accounts. But if the company is no longer trading I'm not sure the same rules apply. The punishment the AIM dishes out is cancellation of the listing. It is Companies House that decides if any further action is required. CH were going to strike off MDC but that threat has since been removed.

There is still a runt of the company left for who collects the monies from Goal Millions (assuming there is any).

What is hard for shareholders to determine is if the latest but one RNS is the truth or just another stalling tactic to keep hopes alive and shareholder descent at bay until the company is eventually wound up.

Remember the shares were originally suspended because they had not notified CH of the change of accounting period. Clearly this was not the truth. It is important to remember that even if the finals had been reported last week the shares would still remain suspended because the interims to March 2013 or June 2013 are overdue.

Shareholders can be forgiven if they held the belief this whole exercise is a studied and professional way of brushing under the carpet illegal activities that has cost them thousands.

[truefacts] 03/11/2013 07:25

So have they acted illegally and is there a case to persue? Their fiscal duty was to have accounts done and yet we see no effort in this being done for which there can be no excuse at all. Anyone written to the financial ombudsmen yet or AIM investigation body?

[marab] 02/11/2013 15:14

It takes 75% of shareholders to agree to delisting on AIM - or you can just delay your accounts for a year. Bit baffled how the directors can get off unscathed with being over a year late in presenting the annual accounts.

'One of the main statutory responsibilities falling on directors is the preparation of the accounts and the report of the directors. It is the responsibility of the directors to ensure that the company maintains full and accurate accounting records. This includes the preparation of a balance sheet and a profit and loss account for each financial period of the company, and the presentation of these to shareholders and, subject to various exemptions, the filing of the accounts and report of the directors with the Registrar of Companies.'

[truefacts] 01/11/2013 23:18

A very sad day, I hope all those involved never are trusted again. It would seem there was so much rotten and all they did was use solicitors to try and stop those who stood up. Directors both at board level and below should realise they have caused so much pain to so many people and were cowards to the end. They killed what 14 years ago started out as a jewel they plucked and sucked dry. May they never lead a public company again.

[ryan83] 01/11/2013 14:27

neil go and a few updates re: MDC lol. I did have some BOX (ex TWL) shares but sold them now ( few weeks ago actually) as don't trust PJ.

[noirua] 01/11/2013 10:01

Looking at this one, things are bad but there is hope. It's a shell company with assets in a coma, if there is such a thing. The losses have value if the assets can be revived, though costs are continuing.
The AIM quote costs £150k and I expect an Annual Report etc., would cost another £50k to issue. No option than to cancel the quote.

[29howard] 01/11/2013 07:50

Another topinfo ramp delisting the list gets bigger and bigger.

[ryan83] 01/11/2013 07:19

Anyone going to contact them

[swizz] 01/11/2013 07:09

It does leave a bad taste!..............GL S

RNS Number : 9347R

01/11/2013 7:00am

NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM

Media Corporation PLC

Trading on AIM for the under-mentioned securities has been cancelled from 01/11/2013, 7:00am, pursuant to AIM Rule 41.

Ordinary Shares of 0.1p each, fully paid (0052830)(GB0000528306)

If you have any queries or require further information, please contact the company's nominated adviser on 020 7796 8800.

This information is provided by RNS

The company news service from the London Stock Exchange

END

[slamdingo] 31/10/2013 20:24

Finally, we can flush the toilet.

[treade32] 31/10/2013 19:31

good news here today! now becomes officially write-off taxable against winners elsewhere

[pwhite73] 28/10/2013 12:45

What has her relationship with her boyfriend got do with this company?

[adh0] 28/10/2013 11:50

I just phoned the receptionist and she thinks that things are going really well...

[slamdingo] 27/10/2013 22:17

Nearly over, just a few more days. It's been a slow and painful death!

[cliveas] 23/10/2013 08:06

Watch avia over the next few days as the best case scenario for us will be very similar to there.

Initial sell off but then a recovery over a number of weeks.IMO

(still well down but something will be better than nothing)

[adh0] 23/10/2013 07:32

Thank Goodness my Forex is doing OK and we are not starving children in Africa, that is all I have to say.

On a scale of 1 to 10 how Bullish is PJ feeling this week? Thoughts?