Many people including myself have had their right to post on the ADVFN BB removed in recent days for nothing more than rubbishing the outrageous claim of what PDX are about to do. The information if true has to be illegal as it is not in the pubic domain.
ADVFN seems to be supporting the poster who are making these outrageous claims and i can therfore only assume they are also incolved in the pump and dump.
The FSA have been informed!!

You are right jfw.

I've been caught out in the past with a company like this one. I bought because they had a excellent product, and promises of future deals, & expansion. Unfortunetley the companies that were supposed to do the deals with, did nothing and waited until eventually theBankers pulled the plug. Then they got the bits they wanted form the liquidators for next to nothing (I know because I'm still getting dividend payments from the proceeds a couple of years later - but I've lost most of my original investment.)

Yes buy in, but don't stay in too long - get out as soon as you are in profit, and certainly don't risk anymore than you are prepared to lose. This is a share that it is too easy to be "greedy" with the profits.

If this company makes the big time, you can re-invest then. I think some of the comments are because many people realise that it is not a sure thing that this company is going to succeed and being "good friends" they are trying to make others aware of the risks. (Is this too nice a way of saying it!)

Pommy,

I have edited your posts with regard to using posters real names on this Bulletin Board without prior permission.

Please refrain from doing this.

I have no sway over what gets posted on our competitors sites, but our policy is not to allow this.

Regards

Ian

Pommy,

In truth you spammed CORAC all over the PDX thread for a couple of days, and then you joined Ashley James (funny you should mention him btw!) in trashing the PDX thread, using multiple aliases.

If you have a problem with Darrel, maybe you should settle it off the BB's, rather than try to scare investors out of a compnay they are already happily inmvested in? This is a long running personal dispute you have with him if i Recall correctly!

Ashley, as you know, has a vendetta running against Gausie, so is hardly posting coherent balanced opinions regarding PDX, even you must be able to see that.

To have Ashley as an ally does you no credit whatsoever, and a good many people probably post here because his posts caused them to leave ADVFN!

Interstingly, Ashley also mentioned they bought on margin, but you've already pointed out "you hardly know him", haven't you?

Come on mate, give us all a break, and take your dispute up with Hoots directly.

little woman,

Don't even go there, this is all personal, and nothing to do with PPX!

There are two camps here, and the rest of us holders are caught in the middle.

i believe PDX technology will prove to be a winner, but I am also aware it could all end in tears, and am comfortable with the risk.

Your points are indded pertinent to any up and coming tech share, but this isn't about that!

Andy

Blimmey, anyone who is investing knows the risks and should do their own research before they commit funds. Just lets have normal banter on here and make your own minds up. I dont want to watch other peoples disputes on these boards...... I come on here to check out other peoples views on stocks not to watch personal attacks.....

adieh,

Well said, and I agree totally.
Unfortunately other people have different agendas!

FWIW I beieve that PDX, although risky, offers a superb opportunity for a very good return on our investment.

The potential is huge, but the risk is they can't commercialise the potential they already have. I believe they will.

I visited PDX at Royston two weeks ago, and was very impressed with the PDX processing device. They are still finding new applications, and there are one or two that offer enormous potential, including a firefighting solution that, if proved, would enable the fire brigade to have smaller and lighter engines and tenders.

I'm happy holding, nad hope to see at least a couple of deals by Xmas.

Andy & AdieH, I agree with you both - but I was trying to show how easy it is to be objective about a share and not personal. (I sometime wonder if some of the posters know how to do this).

We all can do research, and hopefully know the risks - but if people to post on the board objectively, they should be able to post negative things about the company as well as the positive - so others can make up thier own mind.

I'm going to stay out of this one in future......

little woman.

Yes, positives and negatives are indeed welcome and are what a BB should be about, IMHO, discussion and balance!

That's what I come here for, I don't mind if others don't like my stock, and if their points are good, and made in a constructive manner, I may reconsider my stance.

I invest to make money, and If. i'm wrong, it's cheaper to sell and move onto the next stock.

Andy
So many posts so little meat.

you know so little.

Ashley is not an ally. I met him once 3 years ago and have had no contact with him at all. so there!!! na na ner na na.

I didn not spam CORAC all over the PDX thread, i merely mentioned EK had sold some PDX and put his money into Corac, and gave a biref synopsis as to why they were a better bet and the similarities of the tw o companies. It was only after I was attacked by Hoot for doing so that I continued to tell why it was a safer bet than PDX.

You cant see the truth for the mist thats still in your eyes from the Royston visit.

There was no fallout by me after the Recall affair. It was Hoot that made threats against me, other directors and his own offshore accountant and demanded 25,000 pounds back that he had invested. I had far more than him invested, but i do my blaming in the mirror. Hoot doesnt have a mirror coz hes so effing ugly they keep braking, so he has to turn to other people to blame. As Recall went up he took plenty of pleasure in reminding me that it was him who 'discovered' them. It was a very different story later on. As Im sure people will find out if it goes tits up with PDX.
Him, Gausie, and a few mates are keeping PDX up with their margin buys on an illiquid stock. But it cant last for ever. Even if the do some deals the current price will be lucky yo be maintained on sheer fundamentals alone. And eventually it will be another manufacturing stock with a low PE anyway.
Havent you ever noticed hes never arround to give you a trade by trade commentary on down days, with all his promises and winks!!

BUYERS BEWARE!!!!

As for being able to post negative things about a stock. Its pretty bloody obvious its not allowed. If I am a deramper for posting concerns about the valuation of PDX, then Im sure you can work out what that makes the poster of more winks than a man with a squnit in bright sunlight!!!

BTW another poster banned this morning from ADVFN. As far as I know he did nothing than post a few negs about PDX.

Whats that all about???????

Pommy,

With regards to Ashley, you both appear to be employing the same tactics, and delivering a similar message, so perhaps that's why people are drawing the conclusion you are acting in concert?

Sorry but you DID spam CORAC over the PDX thread, I even asked you to at the time to post on the Corac thread, and even went there as I was prepared to listen to your reasons, but not on the PDX thread.

I'm not sure what "mist" is in front of my eyes since the Royston visit, apart from the steam the PDX unit produced that is! I enjoyed the visit, thought the demostration was impressive, and the unit did what they said it could do.

I really don't know about what occurred with Recall, although I did know the company name because I have seen it mentioned before. To be honest, that's in your joint pasts, and I really do think you need to get together to sort it out, rather than spoil the PDX thread on BB's. other holders such as myself had nothing to do with this.

I think the unit offers potential clients an opportunity to save substantial costs, and if they can sign some significant commercial deals, I epxect the royalty payments to be reasonably substantial, as they can offer very significant cost and space savings, as well as enabling continuous rather than batch processing.

As a growth company, valuations are difficult, it's what someone else is prepared to buy the share for surely? Once the growth slows, I agree, fundementals will come into play. To quote the NAV, and keep on repeating it as Ashley does, is ridiculous, and even he knows it!

You are right to advise caution, it IS a high risk share, but there's also the chance of a substantial reward, IMHO. I personally am happy with that, and I'm happy to wait and see how PDX progress.

If no deals are signed before Xmas, I would probably start to become a little concerned.

pommy,

What was the logon id?

Considering NAV isnt riddicuous. It the tangible thing you are buying and its diminishing by he day. The rest is a dream. And if you want to see dreams go back to 1999, the dreams fot hat year are still being unravveled int he courts and sitting in peoples sock draws. Without the pumping on ADVFN PDX shares would still be 30p and the dream would be 1/4 the price. Anyone buying this dream at over a quid is crazy.
If I was a big company looking to do business with them, i would let them go bust and by the technology from the reciver.
If i was a director of the company with only 30% , I would let the co go bust and buy it from the reciever and have 100% of it.

There is something unhealthy about the closeness of certain posters on ADVFn and the company. I can recognise it becuase Ive been there, and there was certainly something very unhealthy about the Recall situation although I didnt realise it at the time!!!!

dunno the ID, cant get on to to see, just got a msg from someone I know who went on there , he said he didnt even post anything today, just added the thread as a favourite and put PDX into a monitor!!! i think it may have been the same bloke who started the pommy is Dead thread!!!

Gianni
Someone has set up a site that covers a number of the FAQs on PDX,
May answer some of your questions but remember it is promoting the Bull case for PDX so should be read in that light.
http://www.debauched.homechoice.co.uk/pdx/index.html

Pommy
You have every right to post a negative view of PDX and people should be aware that this is blue sky stuff and not for widows and orphans. I have tried to keep out of the personal stuff and would respectfully suggest you do so here it will only end up going the same way as ADVFN as I doubt MAM will let you keep the feud going here for that long.
Regards
M

Pommy,

When Microsoft first started out, surely their NAV was also low, but they had a product they were able to licence worldwide, and that NAV grew?

I am NOT comparing PDX to MSFT, just making a point that, as the unit has just come into production, and they are currently negotiating deals, and therefore the NAV will be low. I accept this is part of the risk of owning PDX, but believe the market is there to support it once commercial deals are signed.

I also accept I could be totally wrong.

As they have stated they have funds until Dec 2004, and I expect deals before then, I don't think going bust is an option. If no deals by say, June, that view would be different.

J.Heathcote can probably make a healthy nest egg without going down the route you suggest.

Remember: the share started moving after Durlacher distributed about 9 million to their clients at 29p, back in June. Only about 2 million of those were new. Durlacher were subsequently (25th Sept) appointed the company broker replacing Numis. Numis has been exercising 50p options which it was granted.

I was on the visit too and had the pleasure of meeting Andy, various other investors including one or two with industry knowledge who came across as totally genuine, and Hoot and Gausie (who I also owe a lift to).

Some key statements made by CEO Johnny Heathcote in his presentation

* He holds 32% of the shares
* The cash burn is 80-90k/month
* Operations are funded to end 2004
* He expects 2 or 3 revenue producing deals by the end of this year

Two broker representatives were present. The foregoing statements IMHO confirm the position laid out in company results and RNS's, including the expectation of deals in the "not too distant future" referred to in the interims.

Regarding the commercial strategy: this company is targeting a huge, diverse and highly specialised and differentiated marketplace just in the food industries, let alone wastewater, oil and gas, marine propulsion, nuclear, paper recycling, brewing and others. Most of these have the potential to apply not one, but several variants of PDX. The actual manufacture is easy (I can well believe having held one in my hands). It's just a tube with some flanges, inlets, manifolds and whatever.

What PDX owns and has to capitalise on is the knowledge of how to configure it e.g. steam pressure, air entraining, nozzle geometry. This is knowledge they have systematically developed by research at Cranwell and subsequently, and is enshrined in the grey matter of a very small number of people plus modelling software. (And is fully IP protected).

Can't advise potential buyers. If it was me and I liked the story I would take a small pos. and look to add as long as it was on track. As I actually bought my holding at 34.5p, I had the luxury of topslicing a bit and keeping the rest as an indefinite hold.

Anyway the first real deal is crucial. Johnny has set up expectations that way. I would be a bit lenient on timing, myself.

Martini - thanks for linking to my FAQ site.

Happy to put a coherent bear case up there too, as soon as I see it. I've tried to include caveats, warnings about it being a purely speculative stock, the phrase "jam tomorrow" crops up, and I've tried to make it balanced.

Above all, I've tried to keep the content calm & rational - if you think that there's something there that's not justified, just let me know.

And - what's this thread over on the traders' board about "first deal done"?

Le Petit Fou

Please remember this didnt all start because I was posting negatively about PDX, but that i was pointing out that EK (who Hoot reminded us so many times (37 times a day on avergae) was long on PDX) had sold some to invest in CRA.
CRA, a company i have nothing to do with other than owning a few shares, who have a similar profile, tonnes more money in the bank, and are alredy working with Weir(pumps) and Shell Oil company. The havent been pumped on the BBs, mainly because there isnt someone going looking for tenous links. They have people planting articles and tips in papers and mags(which is oh so easy to do if you know how). They dont have broker with a line of stock to get rid of, writing outrageous valuation documents. They dont have next door neighbours of directors reporting minute by minute on each and every trade.
They have some IP that has comeout of one of the top enginerring Unis in the country, it has interested a couple of very large companies in their field, and more than enough cash to bring it to market.
If soeone had posted.
"its interesting to see EK diversify into another similar IP based comapny with a load of cash behind it, i think we should look at that as well, aas theres proably something in it expecially with the cash pile that PDX dont have" instead of immediately slagging me off as a shorter or a deramper we wouldnt be here!!

pommy,

Ashley's comments about EK "dumping PDX" didn't help, and that started the battle, IMHO.

As you rightly say, EK did indeed sell 100,000 (if I remember correctly) of a 250,000 holding, so hardly a "dump", more a trade, IMHO.

Sadly nobody, incuding yourself on the day, did post something like that, and in hindsight it would have been better.