Bit of a blue sky company but some interesting products. Plastic stronger than steel !!

In Sept it anounced its first agreement with a UK manufacturer involving the grant of a licence for the use of the 3DM Powder Impression Moulding (PIM) process. The first products intended to be manufactured using the PIM process are in the building products sector

http://www.3dmworldwide.com/index.htm

Price risen 12% today on little news and the US seller now seems to be out of the way.

There are some excellent post on this company on the Mike Walters site unfortunatly as a subscriber only site unable to reproduce

DYOR I hold shares

Any views welcome

Results out on Monday 14th June

Not a promising company as its price has dropped from 2.10 to 87p now. Simon Cawkhill (Evil Knievil is wrong this time.

janus,

I would be somewhat nervous of holding this on Monday, because, IF the results aren't good, and they do not answer some of the questions regarding their structure that have been asked of late, in particular re Silkwood, the shorters will be basck IMHO, and the proce could really be clobbered.

Good luck to all.

2.10 are you sure you have the correct share ? Results Monday I'm happy to wait !

Andy, I have to admit after reading that sell note from Tom Winnifrith last week I was somewhat worried. I understand he has put out a further sell note today, this on the basis of post on the Mike Walters site and in which he has breached copyright and even then would seem to have misinterpreted.

I am happy to hold these at this time and have made my own enquiries.
Bob Erickson at Geomatrix seems a straight guy and seems very upbeat on the TDM process. Tel: (248) 643-7764. Fax: (248) 643-7860.

Vtech 248) 853-6750 or Value tech wont say much at all as they are under a confidentialty agreement,not unusual. They do have a website which tells what they make.

http://www.vptech.us/

The only thing that is curious is Silkwood but I am assured that its all ok and I am happy to continue holding at this time

I would expect the chairmans statement to clear up any questions.

Of course I could be wrong so DYOR

I am now out of these.

3DM Worldwide, the plastic moulding technology firm, was one of the biggest fallers on Aim yesterday, hit by speculation that stock exchange officials were investigating allegations - made on investment website T1PS.com - concerning disclosure of dealings by major shareholders and earnings forecasts. 3DM closed 15.5p lower at 62.5p.

http://www.guardian.co.uk/business/story/0,3604,1241643,00.html

Plastic group under LSE scrutiny
By Stephen Foley
18 June 2004


The London Stock Exchange was looking into the affairs of the plastics company 3DM yesterday, amid allegations of misleading investors and deepening confusion over the status of its most eagerly anticipated new product.

The retail investor favourite is at the centre of a vicious raid by short-sellers, who have passed information on the company to the LSE, which regulates the AIM where 3DM shares are traded.

They claim a major shareholder - Battlebridge, a Jersey-based company owned by a friend of 3DM's chairman, Ken Brooks - has sold shares without the market being informed. The company denies this and says it is mischief-making by the raiders who include the notorious short-seller Simon Cawkwell, known in the City as Evel Knievel.

Grant Thornton, 3DM's adviser, said last night it was looking at this and other claims that the company misled the market.

The developments came as 3DM shares plunged 20 per cent to 62.5p. They have halved in value since the start of June.

There was confusion, too, over the status of the most eagerly anticipated new product - a "bed", or base, for the back of a DaimlerChrysler truck, made of a plastic as strong as steel. The company's US development partner said work on parts for a DaimlerChrysler truck has been suspended until the autumn and could be delayed for months - just days after 3DM's annual results struck a bullish note.

Mario DiNello, head of 3DM's US manufacturing partner, Global Tech International, said he was waiting for DaimlerChrysler to supply the blueprint for the 2005 model by September before proceeding to ramp-up production. Asked how many beds could be produced this year, Mr DiNello said: "If we have to make a new mould, that is going to take time, and that could push the timeframe back a bit. If there is no model change, we can accelerate immediately."

Mr Brooks said production could be ramped up anyway using the existing mould. He stood by Monday's results statement promising accelerated production by the end of 2004, adding that sales of "5,000 by Christmas" were possible. Mr DiNello yesterday said "more than a dozen" beds had been produced, while Mr Brooks said "less than 100" existed.



http://news.independent.co.uk/business/news/story.jsp?story=532713

Technology impresses but the sales are slow
By David Blackwell
Published: June 21 2004 5:00 | Last Updated: June 21 2004 5:00

This is a saga featuring the manufacture of toilet paper in Kyrgyz, the possible use of recycled hospital waste to make bricks and a character called Evil Knievil.


It highlights the dangers of bulletin boards on the internet, where expletives are never deleted. It also shows the difficulties facing a tiny company that believes it has a world-beating technology, but has yet to prove it in the sales line.

The company is 3DM Worldwide, which has spent the last couple of years developing a process called powder impression moulding (PIM).

The technology is impressive. Little else could account for the fact that the shares were driven from a 12-month low of 18p to a high of 199p earlier this year, backed by some favourable comments in internet tipsheets.

At the peak, the company's 65m shares had a value of almost 130m. Yet it employs only about 20 people, and last week reported a loss of 1.44m on turnover of 250,000 for the year to December.

The fall in sales from 313,000 in 2002 reflects a radical change of direction at the company. It used to be known as Camco when trading on Ofex as a manufacturer of paper products in Kyrgyz in central Asia. But, on moving to Aim two years ago, the company issued 24m shares to acquire 3DM Technologies from a US company. It has since been selling off the Kyrgyz assets and building a licence-based business on 3DM's technology.

Powder injection moulding came out of research for the Detroit motor industry. The process involves coating the inside of two aluminium moulds with polymers that can be sourced from recycled plastics. The gap between the moulds can be filled with almost any other agent, including recycled waste from hospitals. Ken Brooks, executive chairman of 3DM, says that even old syringes can be used - the needles give added strength.

Mr Brooks cites numerous uses for the product. He talks of bricks being made in Africa with an outer skin of polymer from recycled soft drink bottles, filled with dung or straw.

In effect, he says, the products can be used as a kind of plastics landfill, soaking up otherwise troublesome waste and converting it to something valuable. He has spent the last two years putting together a series of deals both for the use of the product and the construction of machinery to make the product. He has also been concentrating on keeping the patents as tight as possible.

Evil Knievil is a bear raider who appears on t1ps.com, a website edited by Tom Winnifrith, former presenter of Channel 4's Show Me the Money. Mr Knievil, whose real name is Simon Cawkwell, was one of the investors who was seduced by the story. He bought into the company at up to 180p.

However, adverse comments on various bulletin boards have sent the shares tumbling. On Friday they closed at 65p. Mr Knievil said on t1ps.com last week that he now holds a neutral position in the shares - but the escapade has cost him 1m.

Mr Winnifrith has also published a sell note on the company after an extended meeting last week with Mr Brooks. He says his meeting threw up as many questions as answers, and concludes: "For a lossmaking company with minimum tangible assets I cannot find any way of justifying the valuation."

3DM needs shaking up. Last year its shares were suspended after it failed to produce its 2002 accounts on time. This year's problems with adverse publicity were compounded by the lateness of the accounts again - it had only another fortnight to run before a further suspension would have been incurred.

It has only just appointed - but not yet named - a finance director. There are no non-executives, although Mr Brooks expects three to join shortly.

Yet the technology continues to attract investment interest from institutions. New Star last week bought a further 200,000 shares, taking the total in its Select Opportunities Fund to 800,000.

Patrick Evershed of New Star believes the depressed price shows that "you can benefit from the shenanigans of this character (Mr Knievil) and I hope I have done".

Gervais Williams - head of UK smaller companies at Gartmore, which has more than 500,000 shares - thinks PIM is "a viable technology with prospects to be used in many new industries". He added: "The opportunity is quite wide-ranging, whatever the short-term arguments are."

Mr Brooks is confident that the series of licensing deals he has put in place will start to generate revenues this year. They include a tipping bed for the Dodge Dakota truck, boats to be built by a company that will list on Aim later this year, and a company making water tanks in Cyprus.

The deals are multiple and complex. A stronger board, a change of auditors and more transparency should be matters of urgency. david.blackwell@ft.com David Blackwell was named Aim journalist of the year by the London Stock Exchange and accountants Baker Tilly



http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1087373137048

RNS Number:9430Z
3DM Worldwide PLC
21 June 2004

3DM Worldwide plc



Suspension of trading in the Company's shares

The Directors note the recent press comment and other speculation concerning a
number of matters relating to the Company. The Board believes that it is in the
best interests of Shareholders to seek a temporary suspension of the Company's
securities pending a full response. The Company has therefore requested that
trading in its ordinary shares be suspended with immediate effect. A further
announcement will be made in due course.


This information is provided by RNS
The company news service from the London Stock Exchange
END

Disastrous TDM - now 65p - the price has crash since Evil Knieval advised to buy at 190p. It was suspended for some mislead information by the company. Dodgy!