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3DD 3D Diagnostic

0.175
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
3D Diagnostic LSE:3DD London Ordinary Share IM00B3VVCM89 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.175 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.175 GBX

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Date Time Title Posts
01/11/201207:473D Diagnostics152

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Posted at 24/10/2012 16:06 by lufc5
Since that time the Board has been actively investigating alternative options to a delisting which have the potential to deliver greater value to shareholders. In this regard the Directors are pleased to announce that the Company has today entered into an implementation agreement (the "Implementation Agreement") with Donald Strang, which envisages:



1. the transfer of all of the Company's existing assets and liabilities into its 100% owned subsidiary and operating business, CarieScan Limited ("CarieScan");



2. the issue of 380,000,000 new ordinary shares in the Company at a price of 0.03p per share (the "New Shares") to new subscribers. This issue will raise an aggregate of £114,000, of which £100,000 will be injected in cash into CarieScan. Immediately following this issue the Company will have a total of 620,974,824 shares in issue of which the new subscribers will hold 61.2 per cent and the Company's current shareholders will hold 38.8 per cent of the enlarged share capital;



3. the disposal of CarieScan to a newly formed company ("Newco") for a nominal consideration (the "Disposal"). It is intended that shares in Newco be gifted to the Company's existing shareholders so that the ownership of Newco will mirror the current ownership of the Company;



4. a reduction in the nominal value of the Company's ordinary shares from 0.1 p per share to 0.001p



5. the adoption of a new investment strategy by the Company.



together, the ("Proposals").



Upon completion of the Proposals it is anticipated that Mr Strang and one other will join the Board of the Company, at which time David Snow and Graham Lay will step down from the Board. Oliver Cooke will remain on the Board of the Company as a non-executive director.



Under the terms of the Implementation Agreement Mr Strang has agreed to reimburse certain costs incurred by the Company in connection with the aborted delisting and to indemnify the Company, up to a maximum of £75,000, against the costs of implementing the Proposals.
Posted at 24/10/2012 16:03 by tomboyb
Ord is 0.1p -

They announced a capital reorganisation to ord 0.01p - Def 0.99p

So they can do it once the share capital is reorgainised -
Posted at 24/10/2012 16:00 by 5uchchi
How can they raise money issuing 380000000 shares at 0.03p where as nominal value of the share is 0.1p. Acoording to law they cannot issue shares below the par value which is 0.1 (0.07p more than issued price of 0.03p).It is a total mystery,can anyone shed some light on this subject? I am completely puzzle by this whole saga.!!!!!!!!!!!!!!!!!!!!!!Need help!!!!!!!!!!!!!!!!!!
Posted at 14/10/2012 13:29 by 5uchchi
It is similar to RGT scam---now ADI which is struggling IN the doldrums as lack of cash available for investment. Exactly same method is used here and will have a similar effect as RGT share holders were led to believe that "JAM TOMORROW"-------DYOR before give your hard earned money away!!!!!!!!!!!!!!!
Posted at 11/10/2012 16:11 by pro van liar_s2009
Current Price 0.124
Placing to take place at 0.03

If you want to get diluted to sh*t this is the place to be
Posted at 14/9/2012 18:17 by opaldouglas
So a placing will take place at .03p which will in effect raise £114,000 and increase the share capital/market cap by 61.2%?

The tooth decay business will then effectively be acquired by a new company leaving a cash shell?!?

When on earth don't directors raise monies and continue trading under current company. Theirs plenty of cash shells out their that they could jump into.

Am i missing something?
Posted at 06/8/2012 08:50 by ikn
Small share holders feel the pain
Brokers laughing at the trade commissions they made
Directors grinning at being able to buy back shares so cheaply
Posted at 06/12/2011 18:28 by acta_topup
But to be honest here, 3DD have made progress. With a further major distribution or sales agreement we will see a major rerating of the shareprice to 3, 4 or 5x the current price. It's very much under the radar.
Posted at 06/12/2011 18:25 by acta_topup
Don't be silly - it's 2 months on! AIM is grim at the moment. I'm seeing it all over the micro-caps, there is no volume this year. Small sells by small time players are decimating the share prices of hundreds of companies, and the MMs exploit it. To be fair to them, they just can't get any buys. The risk:reward ratio has been completely skewed to the pessimistic, and until risk comes back into play and a normal market resumes we will see this problem.
Posted at 19/7/2011 18:40 by multibagger
Thanks The graftman- different approaches to investing and each to his own. To me equity dilution is important, as I invest reasonable sums of money and hold 1-1.5% of a company. If they intend to issue shares, then it does not make sense for me to buy at a higher pre-placement price and then watch the price go down with the share dilution. Funding almost inevitably means that existing share holders get shafted.

My dentist friend called from Chicago and said that the service delivery environment is challenging and a number of high end practices are closing down due to the poor economic climate. She did not feel that the uptake of the product would be good for this reason at this time. Most patients have to pay for dental care and dentists are already cutting costs to retain patients - she does not think that she would invest in this equipment at this time.

I tried to buy 100k shares on Monday and had to keep reducing my online order to 10k before I got a quote...this put me off somewhat, as it appeared the liquidity is poor and it would take me ages and many trades to build a stake. I have not bothered since, but shall keep a watch on this and pick up when the risk-reward ratio is even better. Unfortunately, I do not think we have seen the bottom of the share price as yet.

All the very best to you and all who hold. Best wishes.
3D Diagnostic share price data is direct from the London Stock Exchange

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