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!!

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.

it was actually 100k of 600k, and if you look back I did say that!!

Bottom line is Hoot cant afford for this to fail and anyone who so much as mentions anything that might make on eof his sheep to think again is fair game for attack, in particular me who he blames for him losing money in Recall when the blame lies with his own greediness!!

pommy,

thanks for the correct figures, and 100,000 from 600,000 is definately a trade and not a dump, IMHO.

I really don't know about the recall situation, you and Hoot need to discuss that in private I think, and try and resolve your differences.

Despite Ashley's "shorting" today, the price has held up, so maybe it will climb back towards it's highs?

i'm not sure I buy the margin story, it originates from Ashley.

FWIW, all my PDX are bought and paid for. A lot of them are through the Halifax which is where I keep about a third of my long term investments. I've never bought any PDX on margin. It makes me laugh every time Pommy & Ash go on about high gearing, margin trading etc. I believe Hoot is in a similar position.

Pommy, if you're reading this, you can click on my name on the PBB here and send me a private message. I can't find your contact details, but think a chat might make sense. Particularly after a one all draw this weekend ;0)

Gausie

OK Folks. I am going to set up a new thread just for people who want to argue all day.

You are just getting boring now.

Your new room is ready for you.

Would you be kind enough to take yourself off there.

"take yourself off there"

what the hell are you requesting people do?

This place is just getting cluttered up with endless childish arguements

Yeah I agree can we just have some constructive comments on this board as we
dont want to be party to your childish disagreements. Someone sort this place out pls......

Go on Children - run along to your play pen.

And its just that british attitude towards children that makes adults like you lot!!!! tut tut!!!!

Gentlemen and of Course Lady investors, -- What a lot of steam on all these PDX threads, but to what avail ? whatever view you have and whichever position you hold Long or short, the overall winner has been the MM. He will run you ragged at will -- Long or short in the absence of any news and at will. I would hope that on so little volume and the relatively small number of trades, this would not be possible. But it is at the moment, maybe the increase in SETS trading in NOV. May make transctions more transparent for those equities.

Please dont lets debate that as well.

BUT why not whichever side you are on stop posting until this weekend on all the PDX threads on Moneyam and the other side. Let the markets and the mm's take their course--- otherwise whether LOng or Short you are playing to their Gallery. They love it and will walk all of you up and down at will.
You at the moment are the total losers.

Blimey . the thought police are out in force at the other place !!!

The following post was automaticallly zapped ????


What`s happened to Pommy ?


How can we be expected to engage in meaningless , provocative and abusive footy posts when our numbers are being culled in this way .

One can understand that it might be considered justified to ban supporters of arse for that very reason alone and it is hard to argue with the view that Pommy is a particularly provocative and abusive arse , but can we not show tolerance ??

Someone has to support the arse or else we would have no one to laugh at ;-))

long time since the manshites scored 10 goals in a match :-))