Pursuit Dynamic Share Discussion Threads

[swiss paul] 02/7/2013 19:32

INCOMING!!!!!!!!!!!!!!!!!

[dncleaver] 02/7/2013 14:01

No more jam left. :-(

[hippo] 02/7/2013 12:44

umm so is that the Company that is going to reverse into PDX ?

[dncleaver] 02/7/2013 12:36

At least it looks like it's going to a good home:-

cellulac.co.uk

[hippo] 02/7/2013 12:29

dncleaver, no they are selling it for 50K, the other payment is all performance related over the next 6 months.....lol

[dncleaver] 02/7/2013 12:23

"The gross assets attributable to PMD are GBP1.96 million" .... which PDX are now selling for £1 million.

Well done. (I think we all have been!)

[igbertsponk] 02/7/2013 08:46

So, fat lady exits stage left. New Castrato enters squealing stage right.

[suffolk52] 02/7/2013 08:45

Or what are they buying??

[spookies] 24/6/2013 11:13

So who is buying then?

[outsizeclothes.com] 21/6/2013 16:16

PDX's time is up. - Reread May's release

"Alongside the sale of IP, we have now eliminated most of the liabilities associated with PDX and expect MOST, IF NOT ALL, liabilities to be eliminated by the end of June."

So the Food and Drink money, AND all the cash in the bank will have been burned trying to eliminate all liabilities by end June. Meanwhile the Co. burns today's $100k in wages for themselves after the end of June - it will hardly cover account preparation, never mind much else. A distribution to shareholders would cost £400k+ to make after legal, accounting and final liquidation necessities are finished.

THERE WILL BE NOTHING LEFT !!!!

[dncleaver] 20/6/2013 17:41

A25: It's quite unlikely it's the same man .... unless you are also in India! However, it just goes to show that this is far from a unique story. You never know when your time is up .... and I bet both of these guys assumed they still had a few years left to go.

[a2584728] 20/6/2013 12:33

DNC I have the same story, where are yopu living? Is it the same man?

[dncleaver] 20/6/2013 09:42

Geheimnis2: I fully agree. I've lost a small fortune on this and am happy to put it down to experience. In the end, it's only money! Just to put what I mean in perspective, a good friend of mine died of a heart-attack a few weeks back .... he was just 43!! (I'm willing to bet that if he could live his life again, he would spend more of his time doing things that matter instead of chasing a mountain of cash).

Money comes, money goes. At the end of your life, you still die.

[saint or sinner?] 19/6/2013 20:46

Worth $100k if that? What happened to PDX milking that £22Bn market?

You would have had to be Dense to hold this all the way down from £7 to zilch.

0 ;-D

Saint

[dncleaver] 19/6/2013 17:45

Shall we have a whip-round to buy the ethanol rights? A couple of quid each should do it.

[haroldthegreat] 19/6/2013 12:50

we made the same mistake giving p and g sole rights. as i said at the time if it works its chicken feed for them to buy the company and stops others using it.

[fludde] 19/6/2013 10:57

Tyco are a company who play very hard indeed. I knew someone who worked there and said it was deeply unpleasant. They will have got themselves a good deal you can be sure of that!

[geheimnis2] 19/6/2013 10:47

ethanol

NNL JV

there were other LOBs with IP

[mulligut] 19/6/2013 10:45

So what is left after the food business and fire suppression?

[outsizeclothes.com] 19/6/2013 10:23

DN - Reread May's release

"The Board continues to work to realise value by selling the rest of the Group's intellectual property portfolio.
Alongside the sale of IP, we have now eliminated most of the liabilities associated with PDX and expect MOST, IF NOT ALL, liabilities to be eliminated by the end of June."

So the Food and Drink money, AND all the cash in the bank will have been burned trying to eliminate all liabilities by end June. Meanwhile the Co. burns today's $100k in wages for themselves after the end of June - it will hardly cover account preparation, never mind much else.

THERE WILL BE NOTHING LEFT !!!!

[outsizeclothes.com] 19/6/2013 10:13

Another major piece of IP gone. Great !!! - shareholders will get a BIG payout from the nozzle sale.

Just another bit of salary to string out the pig's demise. I suppose $100k might just about cover the remaining management's wages and company running costs since the last bit that was sold.