Mediclinic Share Discussion Threads

[smithie6] 28/8/2013 16:11

Can anyone please link me to the circular which is claimed to be available on the co. website ?

I cant find it.

(that shareholders will get reemed is ..imo...gteed....
arriving co. will pay a small fee to take over the listing......perhaps as a small % of the arriving co.

I want to see whether dirs. are managing to put anything in their pockets on the way out the door...

MDC....sure has been a disaster...yet another Drummond job ??
or which director names should we remember and perhaps avoid like the plaque in the future ??)

[applelover] 28/8/2013 16:05

I'm abroad. Have people received their letter?

[applelover] 28/8/2013 16:04

1 in a 1000. That would take leopard to trade at 100p/share

[bw123] 28/8/2013 16:03

Depends if Leopard stock starts trading at 10p or more.

[applelover] 28/8/2013 16:02

We buy leopard by issuing them shares. Leopard do not buy us. Essentially we take them over but they have so many shares that the have control of the company.

[nevik2] 28/8/2013 16:00

Beneficial? Have you worked out what each new share will need to valued at to get half of what you probably paid for your MDC stake?
I can't see it happening, the present BOD will do fine, we get zero.

[bw123] 28/8/2013 15:23

Something like that Nevik....Leopard reverse into the AIM admission, saving money by doing that rather than starting from scratch.....I have seen it benefficial to shareholders in the past, so all is not lost here.

[nevik2] 28/8/2013 14:46

So Leopard are doing it to get listed and that's it?
Intabet lives somewhere else, we get a few shares which will as soon as possible be diluted probably by the 1000 to 1 again.
Anyone know anything about the new BOD, any track record of this sort of thing?

[bw123] 28/8/2013 14:05

Never know, Leopard may walk in with a £10 million asset!

[ryan83] 28/8/2013 13:58

nevik, a new BOD is to be introduced here. Essentially an RTO, new proposed BOD, new fund raise, new proposed asset, new strategy. But yeah, not what MDC investors bought for but what choice is there? Only saving grace is market cap was only £1m odd prior to suspension!

[nevik2] 28/8/2013 13:54

So we get a 1 share for every 1000 in a company that has no market value. The choice is academic at this stage. We either keep MDC and it folds or we gamble on an Oil company which has no means to generate profits for shareholders.
Who exactly are they going to attract as new investors in this company? There are plenty of Leopard Oils out there. Cluff natural is a better bet, at least Algy has a good track record. But Leopard Oil/MDC could not develop a bit of software due to lack knowledge and funds. So why on earth do they think investing in natural resources is within their scope.
Plus I already invest in natural resources, HER, AMER and Boil without an investment company taking a slice or do they actually mean by investing in OIl and gas companies they will be providing funds for exploration?
It costs a lot more money and time getting Oil found, pumped and delivered than it does developing a little bit of software.
So we get to keep either 1000 nothings or trade them in for 1 nothing.
Decisions decisions.

[sprydon] 27/8/2013 22:25

Hmm. This company has been an abject lesson in how to f#@k something up. 8 years ago I invested in the company who did a great job of promising lots and demonstrating value and in the end delivered Leopard whatever. Unbelievable chain of events that beggars belief. Leopard whatever is nothing but a name for a company with nothing of value. What value has been mismanaged and exagerrated, and ultimately lost. It ceased to be of value to me a long time ago, and now I view it as nothing more than a sharp lesson for investors and an illustration of the pitfalls of investing in the AIM market.

[adh0] 27/8/2013 12:51

Was Nevik really PJ that is what I want to know?

Did we ever find out what those private little Emails with positive news coming soon actually said? Did they actually exist?

[tigmi] 27/8/2013 09:08

This is real shame but I have a couple of questions and I would rather have sensible answers rather than they are crooks etc...as that is just not helpful.

So since November they have raised the following funds:

02/11/12 = £600,000 (excl expenses)
25/02/13 = £200,000 (£86,000 deferred)
26/02/13 = £100,000 (deferred)
27/02/13 = £100,000 (deferred)
05/04/13 = £286,000

So in short they have bolstered the coffers with close to a £1m yet we have failed. Do you not think that Carlos Management Limited who was alloted 200m shares for £200k only 2 months before suspension would have been told the full story....

Also PJ has quite a substantial holding as well.

Something just does not feel right. I can't believe the 3 investors this year have taken this lying down unless maybe it was an option on the table at the start, i don't know.

Anyone else care to comment?

[ryan83] 26/8/2013 13:24

Yeah I know but the point I was making is that TWL aren't swimming in money that they can throw at Intabet. Therefore if MDC wanted to I'm sure they could of done a small placing to get Intabet over the line. In a nutshell I think TWL shareholders will come off winners

[moreforus] 26/8/2013 13:20

Ryan ... The poseve asset was growing exponentially in terms of income and profits been though it had only been going for 9 months so they make actually be generating more income / net profit.. It was 25k for April...

[ryan83] 26/8/2013 13:14

Cheated maybe but the BOD definitely have not kept shareholders up to date with Intabet problems - if there really are any. If Intabet is going to TWL they are generating something like £25k profit per month. There are a few things that don't add up.

1) MDC can't raise funds for Intabet in current share structure BUT they are re structuring the share base and par value of shares. So they could afterwards no?

2) if The cost of developing Intabet is not feasible for MDC then how is it feasible for TWL - after all they are only generating profit if £25k per month. Obviously the cost isn't that much?

I wonder if the crux of it is really to just get the TWL and MDC gaming assets under one roof as cheap as possible and PJ has been looking for a new BOD to take over the MDC listing and take it in a new direction. This all brings PJ's reputation in to play as he would have known a long time ago.

I reckon Intabet is actually well developed and will probably go live within a month or so of TWL snapping it up. Of course just my speculation.

Unfortunately existing shareholders don't have a choice and will end up with a holding in a company they did not originally invest in. I just hope they do have an acquisition lined up from the off !

[adh0] 26/8/2013 10:17

Does anyone else have the feeling they've been cheated?

[truefacts] 25/8/2013 22:41

Was the Intabet site ever really created? I'd like to see the code, the evidence it was being hosted and the development costs as a shareholder because it couldn't have taken the length of time they claim and still not see the light of day.

Taken for a ride twice?

Hmmmm, AIM trust it? Nope!

[noirua] 25/8/2013 10:03

Notice of General Meeting

Further to this afternoon's announcement in respect of the cessation of substantially all of the Company's trading business the Company has today sent to shareholders notice of a general meeting to be held at the offices of Kerman & Co at 200 Strand, London WC2R 1DJ on 16 September at 12pm.

Resolutions to be proposed include, inter alia, those for a capital reorganisation of the current share capital of the Company, authorities enabling the Directors to allot shares, the change of the Company's name to Leopard Oil Plc and the adoption of an investing policy to focus on investments in the natural resources sector, with a particular focus on oil and gas opportunities.

Media Corporation (LSE:MDC)

[moreforus] 25/8/2013 09:22

Cliveas TWL have 350k cash ..350k debt from poseve deal ...seemed strange at the time to have debt that could be settled so maybe this has been announced once TWL had the means to acquire intabet. They were in April generating a growing 25k net profit a month so maybe they have a bit more cash now. I can't see them issuing 1.4 mill gbp of TWL shares ..the market cap is only 1 mill roughly so to issue that amounts of shares as a direct payment to mdc would be an RTO ... I expect intabet is worth more than a quid so maybe there will some cash and some shares.

Pj clearly has selected TWL as the home for intabet before he joined ... And it's just taken him 3-4 months to put all the pieces in place.

TWL again if you read the rns from April is not only cash generative but should be making cash profits ... So maybe a delayed payment could come with some cash up front for intabet ?...