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EMS - Eastland Medical Systems

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Re: Any news on EMS??

There is no news on PAP. People are getting bored of waiting and jumping into other opportunites. I still believe that the stock should come good in the long run (hopefully )

:banghead:
 
Re: Any news on EMS??

I'm in the same boat...............which is sinking quite rapidly.

I have heard nothing about PAP :swear:

Hopefully some light will be at the end of the tunnel............... :confused:

T
 
Re: Any news on EMS??

Did you set stops when you entered the trade? If so, what was it?

Using BigCharts, I lose some of the finer detail, but something around 21/21.5 would have been a good stop. There are plenty of stocks out there in a good uptrend, why hang around in one that isn't?
 
Re: Any news on EMS??

Is todays announcement another stall on time for PAP............????

Anyway the final report is finished and hopefully commercialisation is close by!!! :confused:

T
 
Re: Any news on EMS??

I have a feeling thiers going to be more delays..

'The purpose of this meeting is to discuss the findings of the report and to determine the most effective way forward'

Eastland will update the market further upon completion of a revised plan to complete the commercialisation of the PAP technology"

sounds to imply more issues to be resolved with the integration of PAP tech with ANCA.

I hope for those holding that this isnt the case but i would say thats why the sp has been smashed down.

EMS is developing a shocking record of being inaccurate with thier expected timelines. Last novemeber was ment to see the commercialisation of PAP complete...
if they release a new target date now, who will believe them......


Could be a good buying oportunity coming soon but possibly more downside in the near term. I hope for those holding i'm completely wrong..

is this the same impressions other have got?????
 
Re: Any news on EMS??

So after todays announcement about the approval of the retractable needle technology, Does anyone think that it will be the time to get back in on them at 14c, hoping that the PAP announcement is close by.

Any thoughts will be appreciated.

T
 
Re: Any news on EMS??

was tempted to buy today but would still like to know whats happening with PAP.

all the needle companies have been looking sick for a long time but EMS has been punished the most.. imho it has the most potential and really shouldnt be rated as low as this when compared to the others,

i think we will see little downside from here on in.. still won't do to much untill we here more on PAP, they havent informed the market about PAP when they said they would which is poor form...

I don't currently hold,
 
Any news on EMS??

Someones buying today. Why? All of a sudden there seems to be a bit of support at 0.12? What a confusing stock.
 
Re: Any news on EMS??

Lots of speculation on other sites but nothing from EMS yet. Hopefully good, very good! :banghead:
 
Re: Any news on EMS??

PAP whats that???? :banghead:

It has been so long since I heard from this stock that I've almost forgot what PAP is........ Lets hope it is the start of something that we all have been waiting(patiently :cautious: ).....for
 
Re: Any news on EMS??

Another delay for PAP....... :banghead:

Does anyone think that this may be a step forward with the finishing of the contract with ANCA. Maybe the Germans might be the key to PAP.

Any comments????
 
Any news on EMS??

A new company has to start all over again with PAP. Unless the germans or the russians or who ever they may be are very good, could still be a while before PAP is out which to me means that in the short term the price could fall back to its previous lows! I'm now out waiting for the price to fall to get back in. :goodnight
 
Interesting info on EMS (must read) currently in trading halt

International Medical Devices Buys Australian Rights
Edited Press Release

LONDON (Dow Jones)--International Medical Devices announces Friday that it has entered into a conditional agreement to acquire a series of rights from two Australian companies which, together with a fund raising exercise, has a transactional value for IMD of GBP8.4 million on completion.

The agreement comes at the same time as the completion of a placing of Ordinary Shares at 6 pence per share to raise GBP750,000 before expenses.

The Company now intends to embark on a programme of acquisitions which are intended to grow IMD as a leading supplier of safe medical devices.

The Company's conditional agreements are to acquire Technology Patents for a range of medical devices from Eastland Technology Australia ("ETA") and to acquire from Eastland Medical Systems ("EMS") exclusive Distribution Rights over a range of EMS's medical devices products.

The consideration for the acquisition of the Technology Patents is to be satisfied by the payment of GBP300,000 in cash and the issue to ETA of 55,160,000 new Ordinary Shares, representing approximately 44.43% of the enlarged issued share capital of IMD.

The consideration for the acquisition of the Distribution Rights is to be satisfied by the issue to EMS of 40,500,000 new Ordinary Shares, representing approximately 32.62% of the enlarged issued share capital of IMD.

These acquisitions will therefore constitute a reverse takeover within the meaning of the AIM Rules and, as required by those rules, is subject to the IMD shareholders' approval.

The Company has also completed a placing of Ordinary Shares at 6 pence per share to raise GBP750,000 before expenses (approximately GBP500,000 after expenses). From the net proceeds, GBP150,000 will be used to satisfy the part of the cash element of the consideration payable to ETA under the Patent Sale Agreement at Completion.

The balance of GBP150,000 is to be paid when the IMD Board determines that the Company has sufficient surplus available funds and the Company will be obliged to pay the balance from any further capital fundraising.

The balance of the net funds raised will allow the Company to pursue its strategy to acquire safe medical device businesses and fund its working capital requirements.

The Company is to issue warrants to placees, under which they will have the right to subscribe up to GBP2,825,000 in total for Ordinary Shares at the next substantial offering of equity capital (whether on an acquisition or a placing) at a price that is 75% of the applicable issue price.

IMD is proposing to acquire the Technology Patents from ETA and the Distribution Rights from EMS in respect of territories outside the Southern Hemisphere, specifically North America, U.K. and most of Europe.

ETA is an Australian company that is involved in the development, manufacturing and marketing of a range of products that utilise new technology for injection, infusion and blood drawing.

EMS is an Australian company that manufactures and distributes medical devices products, some of which are based on certain of ETA's patents and others that it has developed itself. IMD proposes to acquire the distribution rights over existing products manufactured by EMS.

IMD's objective is to bring its portfolio of products to market as quickly as it is able. Initially, this will require securing the relevant regulatory approvals, such as CE Marking in the European Union, both for the existing EMS products and for future products derived from the Technology Patents, and then generating early commercial sales.

The Directors and Proposed Directors intend to target the U.K. and other European markets first. They believe there is a growing interest in safe medical devices in Europe, the largest market outside the U.S.

Furthermore, Europe's regulatory approval pathway is similar to that applied in Australia, where many of EMS's products are already approved.

IMD intends to develop its channels to market by acquiring distributors of medical devices in the U.K. and other European countries. A number of such companies have already been identified although no negotiations have yet commenced.

In the longer term, IMD's objectives will be to continue to acquire and exploit technology patents and distribution rights of safe medical equipment and devices; become a global supplier of medical devices; and develop further its relationships with ETA and EMS.

Jeremy Friedlander has indicated his intention to step down from the Board as a Non-Executive Director in the near future and the Board will seek a suitable replacement.

On Completion, the Company proposes to appoint Mr Doug Sims and Mr Don O'Sullivan to the Board as Non-Executive Directors, to represent ETA and EMS respectively.

Since its admission to AIM, the Company has not actively traded, although the Directors have begun the process of identifying possible acquisitions and joint venture channels to market arrangements with a number of companies.

The Directors consider that the acquisition of the Technology Patents and Distribution Rights will be the first step in the development of the Company. The next step will be to put in place channels to market to exploit the value in these rights.

Application will be made for the re-admission of the Existing Ordinary Shares and the admission of the New Ordinary Shares to trading on AIM and it is expected that Admission will take place and that dealings will commence on 19 July 2005.
 
Re: Any news on EMS??

Banjo, I've pm'd you about the multiple threads on EMS, please keep all posts here in this thread whenever possible to keep the site tidy and upto standard.

Each annct or possible annct does not demand a new thread folks. Anyone looking for the old threads will find it all here.
 
ems

This announcement is another good platform for this emerging company however still not the killer punch as far as real SP growyh that we are all waiting for. However i honestly feel that the big ones are not far away, PAP Contracts etc. This latest news was the logical next step before annoncing major news so all share holders both here and overseas will get most value from now on.
 
Re: Any news on EMS??

Just had a look at some of Tech's old charts (pages 2 & 3 of this thread- November 2004 price action above 30c). A lot has changed since then, not for the better, although there has been some volatility recently, the funnymentalists will probable know the reasons for the rise from 10c.

Here's the chart, I thought the candles would show the general movement a bit better, still mainly down but the sideways moves recently may be a sign of a new direction. Can it make higher highs and higher lows??? Volume has picked up a bit but a few distribution days.
 

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