Fall over done, punters back in before the bell for a 15/20% jump next week. imho - dyor ....

What a fantastic buying opportunity, topping up big style. The foundamentals have not changed. The markers were simply not ready...... yet.

'A further update on general commercial progress will be given at the AGM on the
4th August, 2004.'

the chart looks a bit grim!

Its an illusion. The chart is upside down. (anybody get the feeling im clinging onto anything?)

The problem is that with the delay, the company needs to go cap in hand to the market for more dosh. Market doesn't like it.

Al, Clearly I am not seeing this too well, but why do you think they need more dosh, when they had 6million?

Regards

PTH

Ptholden, they probably spend that on research each year.

pth

I read it in one of the news items either on Friday or over the weekend. Unfortunately, I can't find it so it was either an AFX or other news organisation posting. Basically what it boiled down to was that the expectation was that they would receive dosh from Biosite and this would fund further work. Now that is on hold, their cash burn may require them to find more funds.

Earlier this year, there were funding questions when they went over 2, but this was largely ignored. However, it has come home to roost since.

On the plus side, I do note Biosite are still evaluating and could come back later (my interpretation).

I guess this is either a highly speculative punt on the fact Biosite indeed save the day or it's another request for dosh from the market.

I think the reaction of the market Friday shows how important to PRM this thing with Biosite was.

I haven't looked through PRM's cash position or their last results/update to check on the cash position, but that was simply what I'd read.

Wish I could find the damned article now!

Cheers,
Al
;-)

Further to the above for anyone who wishes to dig further.

Placing in early June
http://moneyam.uk-wire.com/cgi-bin/articles/200406040839164113Z.html

Final Results released 28th June
http://moneyam.uk-wire.com/cgi-bin/articles/200406280919521795A.html

Hope those help anyone wishing to dig further.

These are stuffed! Just short the pants off them till the Receiver shuts them down.

Well, that says it all.

If it's good enough for Hil, it is certainly good enough for me.

Why do you say that Hilary, give us some supporting evidence.

Going back up now, this is usual, people now realising it was a complete over reaction. Greed and fear run the markets and fear got the better hand this time. Should be back to at least 1 before you know it.

Streaking up now.......hesuse...my nose is bleeding
regards

62.5p today....i think more downtrend on the way as its stroke biomarkers has been considered obsolete by a US company.

AGM link if anyone hasn't seen it yet.

http://moneyam.uk-wire.com/cgi-bin/articles/200408041321046183B.html

hyyeo98 read the AGM sratement before making such ill informed posts.

It was never considered "obsolete" anyway