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PYF Polyfuel Regs

3.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Polyfuel Regs LSE:PYF London Ordinary Share COM SHS USD0.001 (REG S)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.50 0.00 00:00:00
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 3.50 GBX

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Posted at 03/3/2010 13:52 by supernumerary
asparks - thanks. So my 200 shares are worth approximately 1.6 cents. Ah well, I was only playing anyway.

I wonder what the purchase price was, and how much went in director's and professional service fees?
Posted at 03/3/2010 13:24 by callumross
Thanks for that information, asparks. But I have not received any payment from the company. How do I go about claiming it, as my shares are not certificated. They are in TD Waterhouse nominee account. Is that 8.3 cents per share or 0.83 cents per share?
Kind Regards
Callum
Posted at 03/3/2010 13:16 by asparks
Dear Shareholder:
PolyFuel has completed the principal requirements to effect the liquidation of its assets
and dissolution of the Company. PolyFuel's Board pursued multiple avenues over the
past 18 months in efforts to garner the greatest value for shareholders, balancing further
technology development which might secure investment with the objective of also
preserving value. Unfortunately, with the onslaught of the recession possibly otherwise
interested parties withdrew their investment interest. PolyFuel also approached, through
its investment banker, over 100 entities world-wide seeking the sale of the company and
its assets. Market conditions, the state of the DMFC industry and the requirement of
further capital, beyond recent Department of Energy awards, limited the pool of parties
showing interest in continuing the Research & Development still needed to bring
PolyFuel's technology to the commercialization stage. PolyFuel sought to develop
auction conditions for this effort and was successful in bringing a new buyer to the table,
increasing the previous offer made by a substantial premium. Nonetheless, the purchase
price was still modest, given the state of the economy and industry.
Enclosed is an initial distribution in the amount of US$0.0083994/share. A further
distribution may be made within 6-12 months upon the resolution of certain existing
contractual matters and final resolution of the Company's existing and potential
liabilities.
Best regards,
Thomas Caldwell
CEO & CFO
PolyFuel,
Posted at 16/11/2009 19:13 by callumross
yes, would be grateful for any feedback, asparks - even a 2p per share payment would be a couple of grand back for me, although I have written the investment down to nothing in my mind. Just as well that the rest of my portfolio has had a good year!
Posted at 16/11/2009 16:12 by supernumerary
asparks - see recent news

Enquiries:
Tom Caldwell - Chief Executive Officer, Chief Financial Officer and Secretary
+1 (650) 4294671
tcaldwell@polyfuel.com
Posted at 14/8/2009 15:41 by morgs
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!!!!
Posted at 27/7/2009 12:04 by morgs
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.
Posted at 19/7/2009 21:04 by hugepants
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.
Posted at 30/12/2008 11:44 by jonwig
H P - if you're right, that should be some support for the PYF share price, which has traded below NAV for some time.

The current MCap of PYF is £0.93m.
At 30/06 they had net assets (tangible) of $10.1m (current $6.1m).
The trouble is that their expenditure is about $7m pa.

Unfortunately, I think the demise of Li-ion batteries in favour of DMFCs has been postponed indefinitely by the economic climate.
Posted at 20/2/2008 12:03 by don muang
Conno .... thanks for that link ..... decline of PYF share price has certainly been disappointing.... if I hadn't already made a nice profit on the warrants when they were in issue then I'd be totally peeved by now - but as it is, then chilling out holding the shares whilst awaiting developments ....
Polyfuel share price data is direct from the London Stock Exchange

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