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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Paros | PARO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.055 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.055 | 0.055 |
| Top Posts |
|---|
Posted at 03/6/2009 14:52 by tobyjug Hi fellow shareholders, and would be investors, heres some excellent news I have found on the Paros website concerning worldlink .A joint initiative with interactive data, looking good. dyor. tj. |
Posted at 27/5/2009 16:16 by tobyjug I have given you contact details for neil riches,Its up to interested investors to call and find out. tj. |
Posted at 12/5/2008 22:40 by cyberbub Dorset64, AFAICS there are only three ways to make money on this share:(a) hope that the professor's salesmanship can resurrect the patents he now holds, and that 7% of any ongoing sales will be significant (medium term prospect) (b) hope that the prof can sell his company with its patents for millions, of which Paros will make 40% (possibly short term prospect, though from what I gather of the prof, he would prefer to try and make a go of it himself, and it is difficult to value the patents?) (c) hope that someone being bought by, or reversing into Paros will revive its fortunes, though probably with significant dilution (ie. only long-term prospect of share price recovery) I am a relatively new investor, have I missed anything?? EDIT PS ADVFN gives the market cap as £400K, but the company said in a recent RNS that its cash pile was only £120K, and it no longer has any other current assets. So the company is already 3 times overvalued on fundamentals, based on its potential prospects via one of the 3 routes above. I suppose that there is no way to easily calculate the p/e ratio at present since the 'e' is zero unless a rabbit appears! |
Posted at 12/3/2008 07:58 by tiredoldbroker Silly remark, tobyjug; what I dislike is companies which go public, selling stock to small investors, but which don't raise enough cash to take their technology to proper commercialisation. When people keep writing the stock up on bulletin boards, and ignore the basic flaws, I think its fair game to criticise. Over 30 years as an investor and City profoessional, I've not only invested in any number of tech stocks, I've helped float some; but if I've been involved, its been on the basis that the company raised enough cash to avoid doing what PARO has just done.The last decade has seen far too many stocks like this, which have been likely disasters from day one through not raising sufficient cash; I don't like them, because they destroy capital, and can make it more expensive for other tech companies to come to market, even if the latter have thought out the development/cashflow equation properly. I'm sure you can manage to make your own decision regarding your pdx shares, I'm glad you're making such a substantial profit on them, at least you can use your PARO loss to offset your eventual tax bill. |
Posted at 19/2/2008 09:19 by 8trader "But I can tell you for a fact that what I've seen consistently over the years are a number of totally amoral rampers, who will lie, dissemble, and post hundreds of times a day, to mislead investors and encourage them to buy a worthless stock which the ramper then unloads at a profit"And surprise surprise one of the worst examples of that is right now doing exactly that and trying to limber his pump and dump onto somebody else ! Aint that right tryinghard/william47 |
Posted at 13/2/2008 16:02 by tiredoldbroker longshanks, I hope you won't mind me chipping in here - I think you'll agree that I gave my reasons for not liking this share a long time back (including my opinion that they'd run out of cash before commercialising the technology), and since then I've left it alone, as I didn't feel I had anything new to add.I do think you've been in some unreliable company here, and that there have been people who have simply ramped the stock, in the hope of making a couple of hundred quid - and their efforts, and the number of their posts, have been out of all proportion to the small amount of dishonest profit they hoped to make. There never has been a secret buyer, trying to build up a major stake, notwithstanding dozens of claims that a buyer was there, and despite the fact that no one person could have been buying without having to declare a stake long ago. I really don't think there is anything to be optimistic about at this point. Paros is no more than a forced seller of only partially patented technology, and a forced seller rarely if ever gets a fair price for whatever asset they are selling. Indeed, potential buyers might simply let the company go bust and then swoop on the administrators, or even let the company be wound up, as the patents might then become quite worthless with the technology passing into the public domain. I don't think the company has behaved particularly well, discussing fundraising for 5 months without any public disclosure, while its finances headed for crisis, and allowing investors to buy and sell unaware of the facts, and I would be sceptical of believing any encouraging remarks which then came from the company. My best guess from this point would be that PARO will survive as a quoted shell with little or no assets, with a share price stuck at a tiny fraction of a penny, until the quote is suspended and the stock is delisted 6 months after that, and that the remaining cash will go on regulatory fees and directors' expenses, I certainly don't see that there is any reason to pile in and buy even more stock, and you can't really compare this to a successful investment in a private company - apart from anything else, a successful business has access to enough money to commercialise its work, which I don't think PARO ever had. |
Posted at 13/2/2008 09:19 by whonosewhy ok longshanks I've read it carefully several times now. I am just not sure what 'twist' yourself and tobyjug are suggesting.You appear to be suggesting that there is some sort of hidden message but the only hidden message I can see is that they have been aware of a potential problem for 5 months. They have been discussing this problem with people for 5 months. Imperial Innovations who were a major shareholder would presumably have been one of the investors being spoken to. Instead of offering more support they in fact went the opposite way and started offloading shares at a rate of knots. Now they have reduced their holding significantly we get an announcement that a strategic review is needed to try and decide a way forward having failed to raise funds from investors. In honesty I have said before that I bought this as a punt and I am prepared to sit and wait and see what happens it just seems my timing was terrible because I bought at the top of the ramping that went on at the time of the patent announcement and now unbeknown to me the company was also struggling for cash and struggling to get support from major investors. So I guess what I am saying is that I cannot see a positive contained within that trading comment but you seem to still be positive and are suggesting that perhaps I am lacking foresight. Just wondered if you could give me any clues? |
Posted at 13/2/2008 08:52 by longshanks buys at 0.135p. Don't know of any MM selling at the bid - it wouldn't make sense.Online limits are very tight still. Something is going on and I think we would all be advised to do what TobyJug said we should do on Monday: Read this section of the Trading Statement very carefully During the last five months the Company has been involved in extensive discussions with potential investors with a view to them providing sufficient capital to enable the Company to pursue its stated strategy. However, despite the efforts of the Board, it has not been able to conclude these discussions and consequently the Board has initiated an immediate strategic review of the business. The review will consider various options in order to preserve the Company's remaining cash resources. Benefit of hindsight is negligible - foresight can be very rewarding. |
Posted at 21/12/2007 16:08 by tobyjug C6, Email reply,things looking good.Dear xxxxxxxxx Thank you for your e-mail concerning our Patents. It is good to hear from you again. As I wrote last time you contacted me, "I am always delighted to inform our investors about the Company and our progress (as much as the Code allows of course). It is so hard for small companies like us to get out news to investors as analysts just do not cover us. So please do let me know if you have any questions and I will do my best to respond". As you know, we currently hold a Patent which is valid in every European Country. We have applied for automatic registration of our Patent in UK, Germany, France, Switzerland and Greece. This process is now well underway and we expect confirmation of the national patents before the end of January 2008. In the USA we responded to some queries from the Patent Office and received confirmation that they would now proceed to grant. We do not know how long this will take but we have asked our US Patent Attorney to put us on an accelerated path. I am hopeful this means a few months to Grant. In Japan we received a number of queries, mostly where the Japanese Patent Office was seeking to understand terms in our application. Japan takes a long time to deal with as each submission and reply needs to be translated backwards and forwards from legal Japanese to legal English. However, we sent off our reply this week. Assuming the Japanese Patent Office works as it has done in the past this means we will get a reply in about March. Then it should be straight forward getting the Patent. Once again we have asked our Japanese Patent Attorney to put us on an accelerated path. I hope this information is helpful. You could find this out yourself as it is information in the public domain. I have never met anyone, however, who is able to find their way round the Patent Offices' web sites! So I can let you have this summary without fear of releasing sensitive Company information. I wish you, your family and all our loyal shareholders a very Happy Christmas and a successful New Year Yours sincerely Patrick McHugh Chairman |
Posted at 14/12/2007 18:02 by tobyjug Patrick mcHugh,a very approachable gentleman,this from an email received regarding engineers. Dear Mr xxxxxxxxxx Welcome as a new investor, thank you both for your message copied below and your kind wishes to ParOS for Christmas. I am always delighted to inform our investors about the Company and our progress (as much as the Code allows of course). It is so hard for small companies like us to get out news to investors as analysts just do not cover us. So please do let me know if you have any questions and I will do my best to respond. As for engineers, we have five engineers in London and one engineer in Athens. We have access to engineers in the Centre for Process Systems Engineering at Imperial College where there are more than 40 Phd's and post docs. We are recruiting engineers but it is hard to find experts with experience in our technology. It demands a very high mathematical ability as well as post doctoral studies in advanced control even to get started in ParOS. For this reason we tend to recruit from current and former Imperial College post-graduates. Merry Christmas Patrick McHugh CEng, HSEE, FIMechE Chairman ParOS President Society of Environmental Engineers |
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