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.

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.

Andy PM for you.

cheers GF.

Goldfinger,

What "silly rumours" have I posted then?

Check back, I haven't changed a single post, and am happy for Moneyam to confirm that!

My only reference to EK was that "he stated he had bought 40,000 long", which EK himself posted on ADVFN! So hardly a "rumour" IMHO.

I have pasted one of his posts from ADVFN below, just to prove my point.

-----------------------------

Simon Cawkwell - 27 Jan'05 - 16:09 - 24451 of 24559

Gentlemen,

I bought another 25,000 back at 195p and am now off to the boozer.

Simon Cawkwell
------------------------------

I think you need to re-read my previous posts, unlike some others, I do not base my investment decisions on what Simon Cawkwell, Ashley James, nor anyone else are buying or selling, I make my own decisions, so not hung up about EK at all.

I have EK's phone number, and email, and have spoken to him before, when he had his Eden Research challenge.

Andy , calm down . Please look at the thread here and on other boards are you disputing theres a lot of tripe been discussed on these.? and evils position?.

And if this is true ,why ask about which TIP sheet is the best for you , (you know the big thread you started).?????????????????????????????????????????????????????????????

Your words....

think you need to re-read my previous posts, unlike some others, I do not base my investment decisions on what Simon Cawkwell, Ashley James, nor anyone else are buying or selling, I make my own decisions.

Can we please keep it to that. I have great respect for you and I do not wish any falling out of online freinds.

cheers GF.

Goldfinger,

Don't worry am relaxed, and have no intention nor wish of falling out with you or anyone.

You're correct, a lot of tripe HAS been aritten about EK's position, just not by me. I really don't care if he shorts it, value will out in the end (if there is any of course!) so not worried about intraday price movements.

With regard to the tipsheet thread, I genuinely wanted to know if there was one that would be recommended for two reasons.

The first is obviously becaue of there was a consistently good one, I admit I would probably subscribe for ideas, although I doubted that one existed, hence the thread.

The other reason is the guys in the shareclub asked which was the best one, and they don't want to spend time researching on the web, like a lot of people I guess.

I have not subscribed to any tipsheet for about 4 years, RHPS (Tom W) was my first and last!

Next week could be another interesting week for PDX!

Best regards,

Andy.

Cheers Andy a virtual online handshake then.

regards GF.

Andy

Good to see the goldfinger dialogue closed with a handshake - how it should be done. Nothing wrong with a bit of ding-dong. Have a problem, of course, with deliberate shorting linked with misinformation. I accept that one is more likely to get worried and possibly overreact, as I and several others did, when you are still getting to know a share. When the same happened with ASC, I was much more confident about the true value of the share and probably took advantage of the situation with short-term trades.

I am a fundamentals man rather than a technical analyst but have been studying Kahn to try and improve performance on a basis of "pick share on fundamentals, time buy on technical analysis". I see a support level as a level established on a down trend or previous trough. It could be argued that 135p is a support level, although the eventual movement was downwards. Certainly there is a strong suppoprt level at 120p. It could also be argued that the recent drop has established a new support level at 190p; particularly as negative rumour is often more damaging than hard news. Hopefully all academic, unless real problems do emerge on 7th Feb and the company denial of the rumours would appear to preclude that. I'm really just back waiting for a buying opportunity as the share is a real winner in the medium to long term.

Eric

EWR I agree with you have a Problem with shorting when mis information is being given out. And their was certainly plenty of that on the other side last week, hope that is over, but in that area I dont trust a soul. But agree with you on PDX being a real winner if everything else comes right. Still early days yet.

GF,

Interesting, cheers!

Cheers Andy mate.

GF.