Polyfuel Share Discussion Threads

[morgs] 09/9/2009 11:22

if any about 2 years !

[asparks] 07/9/2009 13:20

so....when can we expect our dosh?

[asparks] 25/8/2009 15:05

thanks morgs

anyone any other suggestions?

[morgs] 14/8/2009 16:41

Well in the 2008, property and equipment was valued at $3.2m. So halve that for the current climate say $1.6m, cash reserves will probably eaten in the wind up. Well the patents, your guess is as good as mine say $1m. So how about calling it $2.5m. Shares in issue 57.8m shares, that is 4.3 cents a share or about 2.5p. This is me being optimistic!!!!

[asparks] 13/8/2009 15:43

does anyone have any idea:
1. how much cash the company may have
2. what its assetts (buildings etc) might be worth
3. what its patents (if any) might be worth
4. based on the above how much per share might go back to holders?
TIA

[asparks] 13/8/2009 15:43

does anyone have any idea:
1. how much cash the company may have
2. what its assetts (buildings etc) might be worth
3. what its patents (if any) might be worth
4. based on the above how much per share might go back to holders?
TIA

[asparks] 13/8/2009 15:38

does that mean we have lost everything?

[morgs] 27/7/2009 13:04

My take on the plus side is that, the directors are under no illusion that without this round of funding they would be insolvent. They are not Chapter 11, a good thing, and by suspending the shares they can openly negotiate and search for more. I actually think that the break up value could actually exceed the suspended share price. It all depends on the state of the Venture Capital funds and their position as major shareholders as to the motivations of the Directors.

[hugepants] 19/7/2009 22:04

That could be it callum. PYF may end in a similar way to Voller ie. return cash (after winding up business) and sell off the technology. Id say that Voller's technology was pretty obviously worthless though whereas you'd expect PYF's to have decent value especially given the recent grants awarded.

[callumross] 19/7/2009 11:18

that's exactly what I was wondering, except perhaps that directors are legally required not to trade to insolvency, and therefore the remaining $3m or so is required to meet the costs of running the company down in an orderly fashion. We could maybe just see a sale and the return of a few pence per share yet.

[hugepants] 18/7/2009 22:37

What the hell is going on.

"During 2008 and into 2009 the Company implemented a number of cost saving
measures. Its monthly cash burn rate is currently expected to average
approximately US$425,000-$450,000 in 2009, down from an average of approximately
US$600,000 in 2008. "

PYF had net cash of approx $6M cash at end 2008. If they are now burning $450,000 per month they should have enough cash to last into 2010. And that doesnt take into account the recent grants they have announced.

Something ain't right.

[chopsy] 18/7/2009 20:24

Sad end to a promising story. Only pleased I don't hold. Profited earlier.

[investinggarden] 09/7/2009 09:37

Polyfuel Suspended - news story

[morgs] 08/7/2009 11:34

Oh dear. Not good, in spite of the pending funding.

[supernumerary] 08/7/2009 10:45

no comments anyone? More than a little surprising to find a company with pending $5M of grants may be unable to continue.

I'd have thought one of the Japs would be interested, but maybe they've all decided that battery technology has developed to the point where fuel cells are no longer of interest? And the US military - seems astonishing that no defence contractor is interested.

[unionhall] 05/6/2009 12:26

40% spread is a serious deterrant - can any of you do the "on-line limits really are ..." thing ?

[callumross] 05/6/2009 12:11

just imagine how they will shift when funding is secured!

[morgs] 05/6/2009 11:34

About time !
Think the MM's have no stock now, it has taken days for these to shift.

[supernumerary] 29/5/2009 11:56

asparks - wilco

[asparks] 29/5/2009 09:00

union - thanks
super - email the company to report the out of date site. I have. Many pages are years out of date.

[supernumerary] 28/5/2009 19:43

union - thanks. Now let's hope the company follows suit. It would be good if they could update their five-step plan to commercialisation which has clearly been overtaken by events. It's a real concern to investors that the US grants are to move the membrane towards production, and yet are granted over a period of 3 years. The timescales really do need to be clarified.

[r0ss] 28/5/2009 17:28

unionhall- it's looks concise enough to me! Well done & thanks

[unionhall] 28/5/2009 17:26

It is a bit wordy but I hope the new header keeps everybody (all five of us) up to speed.

[supernumerary] 28/5/2009 15:53

Hi union - great stuff, thanks.

[supernumerary] 28/5/2009 15:52

On the subject of updating headers, I see that the 'Investor Relations' page of the pyf website contains the following useful message:

'Based on input from its customers, many of whom are world-leading consumer electronics companies, PolyFuel expects that test market and early commercial and niche market product launches of products incorporating PolyFuel's breakthrough membrane will occur in 2006 and 2007. Full commercial launches are expected in 2007 and 2008.'

Could there be anything more designed to put investors off? Time I think for a thorough site refresh!