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.

The share price seems to be rising like phoenix :-0)

As (I think) posted before - the chart brings new meaning to 'ground effect'. :-)

Where's Gausie ???

:-)

Dil: Good question maybe he's busy closing his short!!

He is here celebrating in his PDX tee shirt. The can of sardines however is a whole new story :)

I'm guessing that's from last century! :-)

Not quite 2003

Pinsticker's bald patch ???

JEALOUS?

it looks like he got just a few more hairs than you on the front ( or that was you 2003 ), almost reaching the glasses

Almost close.

employees sacked sad times.

May be a gable @1.5p I dont really know.

02/07/2013 7:30am

TEMPORARY SUSPENSION OF TRADING ON AIM

PURSUIT DYNAMICS PLC

At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 02/07/2013 7:30am, pending an announcement.

StockMarketWire.com
Pursuit Dynamics has entered into a conditional agreement to sell its UK subsidiary Pursuit Marine Drive Limited to Cellulac Ltd. The company's shares have been suspended ahead of it confirming that a possible acquisition will no longer proceed.

In relation to the sales of the UK subsidiary, a deposit of £50,000 in cash has already been paid to PDX. An additional cash sum of £950,000 may become payable on Dec. 31, depending on certain milestones being met.

The sale was in line with the group's announced strategy of realising value from the sale of its intellectual property and reducing liabilities.

"The sale of PMD is deemed to be a disposal resulting in a fundamental change of business under AIM Rule 15 and is, therefore, conditional upon shareholder approval at a general meeting."

Upon completion of the proposed transaction, following approval at the general meeting, the Board will have eliminated almost all of the liabilities associated with PDX.

Meantime, over recent months, alongside the disposal programme, the directors of PDX have been evaluating potential acquisitions.

"The Board is now in advance-stage negotiations in relation to an acquisition which would constitute a reverse takeover for the purposes of the AIM Rules and would be conditional upon, inter alia, the publication of an admission document by the Company and the approval of the Company's shareholders at a general meeting.

"In accordance with the AIM Rules, trading in the Company's ordinary shares will be suspended with effect from 7:30 a.m. today pending publication of an admission document by the Company or an announcement that the proposed acquisition is no longer proceeding."

going, going............

Zero to hero and back down again!

I never particularly liked this company.

:-)

ROFLMAO!

One of the great pump and dumps.

lol

That photo was from back in the days when I was serving my apprenticeship with the Grand Daddy Master of the Art.

Hungry for knowledge as I am, and Study and practise as I do, I doubt I'll ever reach his grandiose levels of skill, subtlety and aplomb.