Pursuit Dynamics plc is a UK based research and development company, which was founded in 2000 to develop and commercialise a revolutionary pumping and propulsion technology. Pursuit Dynamics (symbol: PDX) was listed on the Alternative Investment Market of the London Stock Exchange in May 2001.



PDX 25 Sonic.

The PDX Technology is a steam-based system that has applications in both pumping and marine propulsion. It is cheap to manufacture, extremely robust, contains no moving parts and is virtually impossible to block. Pursuit Dynamics owns 100% of the Intellectual Property Rights that surround the PDX Technology.



Pursuit Dynamics is now working towards the commercialisation of the technology it has developed.





Corporate website : http://www.pursuitdynamics.com/


Pursuit are rumoured to be close to closing their first deals, which may be in the food processing industry.

However when they have gone back up I might sell and put my money into ZOO.

Cavman...I have Zoo and have been waiing...do you know anything that is worth mentioning about Zoo and going up?

Dynamite,
Have you had a look at the ADVFN BB on ZOO plenty on there about them.
They have won a Business award in the area where they are based(Yorkshire I think) and growing at a fair old rate also outgrowing their Offices.
They are launching a game Alien Hominid for Playstation and Xbox etc, the game has attracted rave reviews.
Watching this one closely.

cavman, diana

I think evil knievel got his fingers burnt on ASC as well; like canute trying to hold back the tide of ASOS-lovers! Could we try to spot which of the negative rumours today can only have had a de-ramping source? I think Shares would help to stamp that sort of thing out.

Re ZOO, I have had a trawl through the results and postings and they do look a buy. Have posted on the ZOO site, following Diana.

Eric

and what would you do with the rampers Eric?

Hello, my old friend of AZM! Its like carnal and venial sins really - derampers are venial whilst rampers are only carnal; its the degree of purgatory which should be suffered! Seriously, these boards can be a huge help if people are giving honest opinions; its the dishonesty for their own ends which we should try, with the help of Shares, to weed out. It also seems to be fair for those who know what is going on to draw it to the attention of other posters.

Eric

Cawkill? Evil Kinevil and a few of his lurkers ( bear raid), moved into PDX. Put lots of messages on the the other side BB all designed to unerve the small investor. My view is that the Big guys were buying on the drop as there were more buys than sells. MM's loved it as there was a lot of volume.
I believe PDX is still sound and as has been said will be successful during 2005. Results on 7 feb will be as expected, not showing a profit, but hopeful for end of 2005. JH at PDX is rumoured to have indicated that he will bring share price back up.there was some suggestion on other side that new brokers had alledgedly not played expected role. ( careful to note i am not the author of this view)
Could continue to be volatile,( or not) obviously there may be press comment in Friday press, but I believe company is limited on disclosures by closed period prior to results. I still hold, and will be watching carefully. No truth in suggestions about obtainng US FDA approvals, Just more smokescreens to unerve investors.

Well, I got shaken out. Sold when it pulled back up a little.

See how it goes tomorrow. I still have a lot of faith in the long term but if it does drop further I don't mind getting back in lower down. If it pulls back up then I've missed a few percent but I think there's a lot more upside to be had than that.

dclinton,
Fatty evil admitted when they had dropped to their lowest he bought some more.
Said that he made 800,000 mon the way up from his initial purchase then made money on the way down and no doubt will make more money on the way up. Meanwhile anybody with a stop loss of 10% and small investors gets fcuked up.
mikeran,
I bought ASOS at 42p but because of fatty I sold at 60p, if he had not intervened then I would have got 80p odd.
This time I did not get shaken out-stayed in, so 2 fingers to fatty.

cavman2, mikeran,

Yes a concerted effort is being put in to drive down PDX, mainly on ADVFN, but also on this thread.

The usual suspects are using scare tactics to try and shake out holders, utilising a combination of outright lies, rumour, inuendo, and simply being VERY economical with the truth.

The company cannot respond, as they are in their "closed" period.

Somebody here posted the "institutions were selling", which is interesting, because the CEO is the largest holder, and he owns 30% of the company!

I have posted the pargest holders below, and as you can see, there is little institutional holding at present!

Pursuit Dynamics PLC
Major Shareholders

Shares in issue: 45.2m 1p Ords

Major ShareholdersAmount % Holding

John Heathcote 13,145,600 29.35
J H Clarke 3,320,000 7.36
Wilbro Noms 1,937,375 4.33
Vidacos Nominees 1,554,668 3.47
Morgan Stanley 1,369,000 3.03

Other Directors Amount % Holding
Ronald Trenter 200,000 0.446
Gary Steven Pyle 60,000 0.134
Brian Sweeney 20,000 0.044

Some one else posted that there is little "resistance" to 120p (they meant support), where a quick look at the chart easily contradicts that IMHO, with support at various points.

the results are coming, and clearly will not be good, but are largely irrelevant as we know they are a developing company, so we EXPECT a loss, as they haven't signed a major deal...YET!

What we need to know is cash in hand, and cashburn rate, to decide if they will require more funds or not.

Let's hope for a positive day today, I haven't sold any, and have no intention of doing so, I still believe in PDX longterm.

Bear raiders attacked Pursuit Dynamics, sending shares in the group sliding 17p lower to 196.5p. The slump was aided by rumours that the company is looking to carry out a major fund-raising and by suggestions that the company's special type of technology will have to be approved by the US Food & Drug Administration before it can be used by American companies. Pursuit Dynamics denied both rumours.

The company, which has developed a unique brandof technology for the food and drinks industry, certainly is an easy target for bear raiders. Its shares have doubled in the past three months to give Pursuit a market capitalisation of almost 100m and yet the group has zero sales. However, if Pursuit's technology is accepted by the food and drinks industry, its sales are expected soar. The company recently took the first step towards this end thanks to a licensing deal with Coca-Cola.

Independent Fri.

Back in today with a smaller holding but a little wiser. Lost about 7p overall which isn't too bad.

I should have added to my position when I spotted them at 188p, but hey, we'd all be millionaires if our brokers let us trade the left-hand end of the chart :-)

Doug

mikeran,

Thanks for that article, nice to see PDX have denied both rumours so quickly.


dclinton,

IF PDX ultimately come good, that 7p loss will look very small indeed IMO.

When a share becomes as volatile as PDX has been this week, not a bad decision to take some money off the table until the position stabalises, far better to do that than stand and watch your money disappearing!

The company's denial of the malicious rumours seems to have halted the slide this morning, and Simon Cawkwell stated he re-bought 40,000 shares yesterday at the low.

True. Also, I've been holding PDX shares for quite a while and am already sitting on a considerable profit so I'm not upset by it.

Doug

Andy

Good to see we're through those particular doldrums! Hopefully Ellen well get though as unscathed. A couple of points. First, I don't see a support level until 120p: there were hesitations on the way up in November; you could argue that this sharp fall has established a support level of a kind. That rise was on the back of the Coka-Cola announcement so well founded. As a serious investor, I am asking the question re downside risk: in the event that the financials are disappointing and the road ahead looks rocky, what support is there in the event of profit-taking led selling? I'm not questioning the excellence of the product or the management team but asking rather whether the price has got ahead of itself. Second, I hope that the posts on this board were by genuine investors reporting what they heard from the ADVFN Board. If any were by members of the Evil team, I suggest that they are brought to the attention of MoneyAM who I believe would be prepared to bar such "people".

Eric

I'm assuming the expected results for the year are already priced in. The only thing to worry about is worse-than-expected results.

Doug

For the assurance of EWRobson, I am not any Part of the EK team, but i am a member of both sides, in answer to a question raised I offered this reply , which i will copy here. It is also relevant to the question of EK buying more shares( yes you can guess is he long or is he short or is he both)

Wdurham - I believe he was short again on Friday, selling those he purchased on Thursday. At about 1335 on friday first one 25k sell was placed followed shortly after by a second. The MM's did not move the price down ( must have made some shorter wonder) then another several batches of shares in blocks 14K to 10 k and below, presumably by the shorting club ( total some 100k) were sold market moved down about 3.5P only. But all the small investors were panicked out on Thursday, so no follow up selling, the rest continuing to hold. Market stayed almost dead until 1600, when some buying took place and MM' s moved price up to close +6. I believe EK may have bought at least another 25k then, but dont be surprised if the shorting tactic continues.But the mm's won on Friday, and of course there was not the same level of panic selling as on Thurs.so no big Price movement.Not sure what JH would have said in any conversation, but if your company had suffered a panic style sell induced by a Bear raid and lots of e-mail advice on the BB --- what would you have said, -- thank you very much, or I am about to sign a major deal with a company. Possibly not.
I continue to hold, and believe the company has potential, the financial results will not show any profit, it is still possible that either before then or at that time that some other info may be given out. ( this is only my view, and not investment advice)

Following this entry i also copied a statement from a member of the other side , for obvious reasons i cannot print it here without that persons approval. But it is asking JH not to hold the cards close to his chest for too much longer- ie with results approaching, the promise of jam to-morrow is perhaps tempting providence a little too far.

EDit and for clarification EK was posting on the other side that he had been in conversation with JH and was buying-- to go long ???? or to later short ??? some perhaps made the assumption they were supposed to, from the EK message.

mikeran

Thanks for the post. Good to get a bit of inside knowledge. Problem remains that there is a lck of fundamentals to base a judgement on; hopefully the picture will be much clearer after the 7th Feb.

Eric

EWrobson,

Well looking at the chart at the top of this page, I think there's plenty of support in the 150 - 165p range personally, it's only the current run that has shot up from 120p, a chartist would also look at the whole chart surely?

With regard to the results, I personally only expect a loss, as they are gearing up for sales, rather then having already achived them. I for one do not expect the fundementals to back up the current market cap, which as you rightly suggest, may have got ahead of itself.

The reason I hold is for the potential of the product, which because of it's claimed reduction in energy costs and processing time (Food & drink) or excellent fire dousing capabilities (life saving), or it's use in cleaning and hygiene (brewing & wastewater) I am confident that they will produce sales in the medium term.

The challenge for PDX is to commercialise the product, and I believe they will succeed.

Andy Evil K as closed his long in this one, AND THATS IT, he hasnt gone short or long again so please can we stop these silly rumours going about.

I am in direct contact with him and if any one doubts his postion I can hopefully put you straight through to him, himself.

cheers GF.