Now things are getting interesting

Company Update
Posted on: Monday, June 15, 2009

Meldex announces that it has today sent letters to former directors Mr. Stephen Martin and Mr. Richard Trevillion outlining legal action that the Company intends to pursue against them. The Company is seeking substantial damages. This is a result of a preliminary investigation, and the Company will update shareholders as and when further actions are initiated.

Meldex further announces that it has accepted the resignation of Mr. Alan Clarke from its board of directors with immediate effect. The Directors would like to thank Mr. Clarke for the assistance received since January 19th 2009.

In addition the loan note documentation is going to the printers this week. The Company will issue a further advisory on this shortly.

http://www.meldexinternational.com/pages/news/index.asp?News...