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[appalachian] 27/2/2013 09:32

We're forever blowing libels...pretty libels everywhere...

[appalachian] 27/2/2013 09:31

He won't be "bale" ing you out lad ;)

[appalachian] 27/2/2013 09:25

Hopefully it will be Adele sueing you next...lol

[spookies] 26/2/2013 23:19

This company has pretty much followed the same path of Hiwave Tech. Been in and out of both over the years. Funny how both had profit warnings within weeks of each other and now deaththrow statments within a couple of weeks. Lucky I broke even with Hiwave but lost a small fortune on this one.

[scientologyweirdo] 26/2/2013 22:24

FLOPINFO quiet tonight

[dr biotech] 26/2/2013 22:14

IPs worthless. They have had the IP themselves for about 15years and never made a commercially successful product. Who is going to pay for that?

[hugobo55] 26/2/2013 20:58

Good points Mulli you never know hence MUBL look at where it is now

[mulligut] 26/2/2013 19:54

Hard to imagine at this late stage. Who would want a company that has no commercial value? There is value in cash, less cost of liquidation and it would be an AIM shell so that has some value. As for the IP well you only have to look at CERES I mentioned earlier. Great technology capable of doing great things but no conversion to commercial value.

If no one came knocking for it up to now then it will be a harder task to sell it to some food, brewery, public health and safety or waste treatment business unless they are already generating money in those areas. Look at the money spent in bioenergy and they are getting less than 10k per year 2 years in a row.

Simple calculation in the sector with most revenue is brewing and food. Operating expenses are 1.6m. So assuming there was no increase in OpEx (unlikely) with increase in sales volume and a margin of 25%. Turnover of 6.4m would be necessary to break even without any central corporate expenses. The other LOB's are dead in the water.

From a takeover point of view you would have to ask whether it was possible to convert 430k into more than 14 times that inside a brewing/food equipment company and how long would it take to get there and keep it going year after year. The other LOB's have no value. But that is just my opinion

[sageofnowhere] 26/2/2013 19:47

Everyone that ever doubted this company, in your face! Oh no, wrong msg board. Sorry.

[hugobo55] 26/2/2013 19:00

Mulli what are the chances of takeover ???

[mulligut] 26/2/2013 17:56

Hugo I wish I wasn't :(

[puffintickler] 26/2/2013 17:47

What announcement are you all referring to? Could you post a link? I cannot see any RNS or anything on the PDX website.

[hugobo55] 26/2/2013 17:43

Mulli you right

[mulligut] 26/2/2013 17:35

Hugo. Come on, seriously? 69 million and after 11 years the best annual revenues they can get to is 1% of the total amount invested. They are still burning cash. They are writing off the capital assets in the 2012 accounts. Value = zero. They are about to lay everyone off and is not reflected in the accounts as it is a work in progress, pay off leases. It is just like CERES. Another 60+ million technology company. In the end no one wants to buy something that has so far been unable to be commercialised. PDX are in the same boat.

[queeny2] 26/2/2013 17:32

Sep 2012 cash was £3.1, less £1.5m liabilities giving shareholder funds £1.6m

they raised £5.4, making £8.5m cash, s/f £7m,

less £2.5m cash outflow by end Jan, so cash £6m

and £1.3m loss in that period (I reversed out that number), so s/f £5.7m.

You don't add them together, the £6 and the £5.7.

So when they've finished will there be any cash left?

I'd say not, unless they appointed liquidators instead of continuing to draw salaries while trying to raise some value from the IP.