Member Info for Rocka999

One thing still bothering me is the early release of the HY results, there was only £12000 in cash at the end of September, although we're told someone had coughed up a chunk of money after the announcement. This alone begs the question as to why they didn't wait until December (as they normally do ) to release the results, they could have made it clear then exactly what the cash position was with the extra dollar in the account but they chose not to which would have cheered up some of the so called investors here??

There can only be one reason for this and that is that they've already spent (or wasted ) the money on something else in my opinion. They've done the usual usual drip feed of good news to keep you hanging on whilst not revealing anything else in the mean time, we'll not be aware of the current shenanigans for some time yet until the next set of results which may or may not show so progress

As ever the cash burn will be very interesting following some of the comments from the BOD recently

I think you're on another planet, the BOD here have bled the shareholders dry, never made a profit and you ask me what the end game is, there is no end game until the gravy train hits the buffers.

No one has made any money except Lance, Geoff and the glorious return of king Abdool, why anyone would buy shares in MDZ right now is beyond me, maybe you could answer that ? How does a viable business fleece the shareholders for 13 years then borrow money from an offshore fund at exorbitant interest rates to survive, an offshore account with some dubious connections (allegedly) !

You're are right of course this is a golden goose for the BOD as they're the only ones getting anything out of this so why invest here for the record ?

Main concerns are Lance, who's driving the gravy train I believe, he has his fingers in a lot of pies which are detrimental to the company

Cash is short as reported every year and there's no going back to the shareholders any longer which means more interest payments to the loan company !! Who benefits from the interest payments you peeps that are invested ? No one has answered this question to date, they know the answer but won't go there for some inexplicable reason ?

As pointed out, doing well in Europe but Brexit is now upon us, do not expect this to continue as the EU has detached us from the rest of Europe, we're literally on our own now

And I quote from 2016 !

"The board is looking to build on the underlying positive EBITDA achieved this financial year and deliver bottom line profit after tax for the first time in FY2017.”

So okay it never happened and its the same old story, lets put it off for another year whilst we fleece our shareholders as they keep coming back for more !

No one can smell the bacon on this BB it seems, must be vegans I reckon ?

"I am thinking there is a lot of money to be made here."

Someones having a laugh, 13 years and no profit, same old story year after year................

James has dipped into his wallet I see and spent a few quid, as literally that's all it was, I'd say the RNS cost more to release and that's no joke ! Every RNS released for a chicken feed purchase costs MDZ money, cash down the drain!

Lets not forget that the company hasn't got much cash to throw about and James needs his fees as a NED, he doesn't come for free, sales dropped and losses were up so this guy is going to have to work really hard to turn this round, sales are vanity as the saying goes so lets not get to excited with citing a long list of company names, cash is reality and there's a lack of it.

To expand they need money and no more shareholder cash available, that pots run dry, borrow more ? Yes they have therefore more interest to pay to CCCAL, more cash down the drain. Geoff and Lance aren't bothered they've just awarded themselves a double digit increase in pay for failure, more cash down the drain.

Have any of our investors here e-mailed the BOD to ask when they get some cash back ?

IDE & AD4 are like two anchors holding back the ship, I was always dubious regards Dobbie, a rotten apple is always a rotten apple and no one appears to have been running AD4 !

Hopefully a lines been drawn now and a much better set of results to come in the future

On the up again.........

Cant see any new deals being announced close to Xmas but you can never tell with Ocado?

Its the shareholders who suffer once more, the BOD just want the gravy train to keep on rolling

If it took 10p to get the cash then 10p it was and the price will head south towards this unfortunately

Ouch, reality setting in

This is what happens Mungo, you lose the argument and everyone now sees you for what you are, you’d never see me posting anything like that, I point out the shambles MDZ is and you resort to the gutter. You can’t even type properly for gods sake?

What about the loans, excessive pay rises, no profit for 13 years, mind andwering these questions?

Nit picking over little points Mungo, there's enough BB police on here already pretending they know what they're talking about, what about the real issues like the interest rate on the loan or the salary increases they can't afford, taking on extra staff, no profit after 13 years, the constant dilution to keep the company going ?

Something I forgot to add earlier was the cynical way the directors only increased their holdings after they'd awarded themselves a large increase in salary, the numeration committee consist of Lance and James then Geoff rubber stamps it, its too small a company so we'll look after it say the BOD, its like leaving the kids in charge of the sweet shop, they can't help themselves.

Its not my money they're spending ITS YOURS ! They didn't dip into their own pockets for them shares they increased their pay and bought them, no wonder there's always a shortage of cash in the bank and I'm the bad guy lol ?

' Mediazeist will be without a Nomad.....' you're talking like its a given another NOMAD will just step in and all will be right with the world, when Northlands licence is "handed back in next year MDZ will be off AIM unless they find another NOMAD. SP Angel might or might not step in, we don't know yet and they're not exactly snow white!

I use the word "scrutiny" others may use the term "due dilligence" just terminology...........the accounts will be scrutinised (gone through). If SP Angel don't pick up MDZ then I'd be very concerned, I'm hoping they do take on MDZ as I've said previously so the shareholders can nip along to the next AGM and grill the BOD on the excessive loan interest paid to City and Claremont (offshore fund benefiting someone greatly although I'm not allowed to say who though) !

Shareholders could also ask why Lance and Geoff decided to award themselves a massive increase in salary considering the poor cash flow just announced, it's not even like they've made a full year profit in their 13 year existence !

Geoff's remuneration increased from £103,000 pa to £121,000 this year a 17.5% increase
Lance's remuneration increased from £50,000 pa to £60,000 this year a 20% increase
Now James is back on the scene draining more cash from the coffers !

Lets not forget sales were down and losses were up but heck lets a have a party !!

Remember all that dilution over the years, yes you're paying for it, no seriously, here's the percentage decrease in value of you initial investment from day ! = - 99.85454545454546%

Have I missed any facts out ?

Here's the complete list of companies under scrutiny (facts) ! :-

OBTALA, CLONTARF, PHOTONSTAR LED, ACTIVE ENERGY
LATHAM(JAMES), BOTSWANA DIAMONDS, HOLDERS TECH.
BILBY, CONNEMARA, GCM RESOURCES, IMMUPHARMA
PETREL RES, ALTONA, STARCOM, SAVANNAH RES
FISHING REP, SALVARX GRP PLC, ALIEN METALS
POLAREAN IMAG, ALEXANDER MIN, EVGEN PHARMA
EQTEC, SUNRISE RES, MEDIAZEST, VENTURE LIFE
MANAGEMENT RES, EDENVILLE, URA HOLDINGS

I reckon 5 of these companies will be delisted imo

Anyone care to have a stab as which companies we'll be seeing off AIM ?

Please enlighten me to what is not fact ?

Proposed merger as in it hasn't happened yet? Is that factual enough and I'm sure you can guarantee all our investors here that MDZ will be taken on by SP Angel Mr Mungo ?

Northland is finished hence the proposed takeover, there's little else they can do !

Anyone can post an RNS, what it claims and what actually happens could be two different things ?

I can tell you one thing, not all the companies Northland advises on will be taken on by SP Angel, so think on what happens to those that fall by the wayside?

Some food for thought...................

I'll just repost my earlier post as its obvious it offends someone out there that doesn't want the the facts known! I'm very surprised LSE have removed my earlier post but here it is again:-

Mediazest will be without a NOMAD as of February next year, please go out and check this for yourselves, its important.

Without a NOMAD they will be unable to trade on AIM, this affects you as shareholders

Northland (Mediazests advisor) will cease to exist, they'll be losing their licence (check it out for yourselves)

MDZ can either look for a new NOMAD or hope that Northland will be taken over, its not a given that they will take on MDZ, after some due dilligence they may or may not enter into an agreement with the company to be their NOMAD

This in my opinion is why he SP is tanking

The facts are all out there

If this post is removed again I'll repost as it's not market abuse and it does affect the company and YOU !

I'd invest in the 3D printers (as well as VRS) ;o)

Bottom feeders coming to the rescue now, always happens...............

Hit a new 52 wk low earlier .071 before rebounding, still underwater though today............

I'm not quite sure where you're coming from tbh, are you a short looking for a downturn or an interested investor looking for clarity before you jump in or are you already invested ?

It does get confusing, I can recall arguing with another poster on this very BB over who actually drives the Morrisons vans as he didn't realise they were Ocado employees in Morrisons uniforms hence the large wage bill !

They're out in force today if you forgive the pun

I was just taking a peek at MDZ's return on assets before I was rudely interrupted, it's that far underwater they may as well be called Atlantis !

Current run rate is 0.004722 !! How many decimal points do you think this can get to ?