Interesting news about Care 21. It does, as has been mentioned by Beerson and Balkur over at the iii.co.uk boards, have all the hallmarks of another "Far Reach" episode. Finding anything out about Care 21 is a bit of a paperchase. Marcus Losada definitely exists and his Twitter page shows he has fabulous taste in wines too. My hat is off, Sir.
Notice that he's looking at "other opportunities" from 2nd July last year. Presumably that includes the Care 21 "deal". Care 21 Ltd also exists their only current director is a man called Martin Holliday, Markus was a director but resigned.
Care 21's website lists a telephone number as +44 (0)1252 783212.
What's relevant about all this? Well, the link is Godalming, Surrey, UK. Markus lives there, the telephone number for Care 21 is there. Who else do we know that lives in Godalming?
Yep. Our old pal Palmi Sigmarsson! Just around the corner from Markus. Palmi is, if you remember, the man who shorted his own company, the man who was closed down by the finance inspectorate. What could he be up to? Was it an attempt to raise the shareprice so he could dump even more stock? (He is dumping: He used to have 22 million shares. Now he has around only 7 million).
Did he talk Markus into a deal? Did Markus (or his investors) then do their homework?
Whichever way round it was it seems that this "deal" can be added to the long list of "deals" that never were, like Far Reach, Gama, Telefonica, and all the rest.
Edit (13/1/12): It's not surprising they didn't pay up considering today's news that the network isn't ready (when they've been saying for years that it is...):
Scott Garlington, Vice President of Engineering at xG Technology [said they had] "the aim of making the xMax system commercially available later this year.”So far the only person idiotic enough to pay money for a network that doesn't work is that reptile Marc Dannenberg. Moohahaha.