Pursuit Dynamic Share Discussion Threads

[pomp circumstance] 01/11/2012 07:45

wouldnt it make sense for Morely-Denc to put up the 5million and then he takes hold of a company he valued at 100 times this value just a year or two ago?

[suffolk52] 31/10/2012 23:15

If they get £6m that could give them 12 more months to get the killer contract?

[gnrwickham] 31/10/2012 15:14

I wonder how PDX got on at the CBRN show recently.........Signed up any customers?? www.cbrn-symposium.com/

[queeny2] 31/10/2012 15:12

outsize: - of course short term you have to be right .....

a) just wondering out loud where they might trade after such a placing and offer

b) noting that we must at some point get close to 99% bearish consensus!

[kenone] 31/10/2012 15:00

I'm still holding some - only for the reason that having lost 90% plus of my investment already, I might just as well keep them and see what happens.
As for buying more - I agree with Dr B and others - NO WAY ! The company have consistently failed to keep investors informed and made overoptimistic statements as to future revenues which have failed to materialise.

[dr biotech] 31/10/2012 14:00

No reason to believe that taking up these rights will be any better than the ones at 100p just 8 months ago or c240p before that. Not only have they manage to miss just about every target they set, they have also failed to let shareholders know about the ERX as promised.

Where is the new CEO? Will JP be taking a pay cut due to his overoptimistic forecast and complete failure to deliver?

Only an idiot would buy these, fortunately for PDX there seem to be plenty about.

[lufc5] 31/10/2012 12:50

The potential investor is going to do their dd on these in a big way and if it happens, I would expect news on contracts/sales within months.

[mali7] 31/10/2012 12:45

Matter to see with a bit more breathing space with few more millions if they can sell their product to a new big client etc, as before it was trading £1+ based on this big client deal...do u think they could arrange something similar again?

[queeny2] 31/10/2012 11:33

How much of a killing? the story won't be that credible, so maybe you could argue for a £15m market cap? £20m? At 4.5p it's £13m. So 50% uplift, versus perhaps 100% downside (on the all or nothing binary argument)? 2:1 odds they get it done? 66%? So if you think it's 90% likely they get it done, good trade.

[10009504] 31/10/2012 11:23

All or nothing here guys those buying in today will either make a killing or get slaughtered . Me im adding as i think this will come off

[queeny2] 31/10/2012 11:12

so IF that happens, at 4p it's £12m market cap with £6m of fresh cash and some kind of story connected to the open offer of some dubious but present validity (necessary to get the £5m in). Which is 'cheap'.

IF it doesn't happen, it's zero?

[sageofnowhere] 31/10/2012 10:13

PC: there's no debt

[pomp circumstance] 31/10/2012 10:09

Blackrock had over 14% dilluted to 6%
Pru have 20% dilutd to 8%

Morely was under 6% (dilluted to 2.4%) and a vry sore ring!

[pomp circumstance] 31/10/2012 10:03

22 February 2012
The Company's capital consists of 86,286,534


5mil at 3p is 167mil shares
1mil at 3p is 33mil shares

total 286mil

Placee has 58% plus any he has already.

For 5 mil he has control of company that one assumes (without looking) has some debt and a mil of mug punters money, plus his own 5mil.


anything wrong with those figures?

[sageofnowhere] 31/10/2012 10:00

Who's this placement to, that's what I wanna know. Someone's got GBP 5m burning a hole in their pocket. Wonder how PDX mgt has convinced anyone to part with that sort of cash at this stage. Still no real sign of revenues (certainly no more sign than there has been in the past).

[hippo] 31/10/2012 10:00

exactly...............to launch new products into new markets, worldwide, will need a hell of a lot more than that.................same problem as they have now, clients will wonder how long they are going to be around to support the product.......

Throw more money at it, but this is going bust, they cannot reallign the business, it is a nothing business and costs are too big.

[pomp circumstance] 31/10/2012 09:51

DENC MORLEY can buy even more shares!!!


BWAHAHAHAHAHAHAHAHA

[sageofnowhere] 31/10/2012 09:48

hippo, then what? then they'll spend it and ask for some more. Dur.

[shanksaj] 31/10/2012 09:42

Investors can ALWAYS rely on PDX management.

Day traders should take a look at Noventa. Noventa need to say where their cash is coming from TODAY, too.

[hippo] 31/10/2012 09:29

lol...................6m quid, then what ????????????????????

2p out of auction ????????????

[topinfo] 31/10/2012 09:23

TIDMPDX
RNS Number : 9416P
Pursuit Dynamics PLC
31 October 2012
31 October 2012
Pursuit Dynamics plc
("PDX" or the "Company")
Further re Press Speculation
Pursuit Dynamics plc (AIM:PDX), the developer of the PDX Atomiser and PDX Reactor products and technologies, notes the press speculation today and confirms that it is at an advanced stage of arranging a placing of GBP5 million and an open offer of GBP1 million at 3 pence per ordinary share. There can be no certainty that this will proceed and a further announcement will be made in due course.
Enquiries:
Pursuit Dynamics plc 01480 422 050
Jeremy Pelczer
Andy Quinn
Cenkos Securities plc