Pursuit Dynamics Discussion Board http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion http://www.iii.co.uk/icons/logos/uk_logo.gif http://www.iii.co.uk tag:iii.co.uk,2003:tst.9674581
A quid is common parlance for a million in the city. If one asks for a quote in 100 quid on a forex desk, it means a quote in 100 million.

You are probably right that a complaint would be futile, but I just might do it anyway!

Refco By Refcotrader ]]> http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9674581&action=detail Wed, 23 May 2012 20:23:00 GMT Refcotrader tag:iii.co.uk,2003:tst.9674444 http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9674444&action=detail Wed, 23 May 2012 19:30:00 GMT bigboy-4650 tag:iii.co.uk,2003:tst.9674305
I assume you meant 3/4 of a MiLLION quid per month. Whether that is true, we shall see tomorrow. In 2011, operational expenses were running at about £1m per month but there has been some cost cutting and there may be more to come.

As for a formal complaint, you are unlikely to get anywhere. PDX will blame the last management, an unexpected change of mind by P&G, etc.

John

John By John of Groats ]]> http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9674305&action=detail Wed, 23 May 2012 18:29:00 GMT John of Groats tag:iii.co.uk,2003:tst.9674199
Lesson learnt.

I can't see tomorrow changing anything. By Owen Nobody ]]> http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9674199&action=detail Wed, 23 May 2012 17:36:00 GMT Owen Nobody tag:iii.co.uk,2003:tst.9673865
Much of what you have written seems very plausibIe, but it's all a guesswork until tomorrow's RNS isn't it?

I am thinking about logging a formal complaint with the FSA, but will wait and see what tomorrow
brings first.

However, correct me if I am wrong, but isn't PDX's cash burn rate running at something like 3/4 of a quid per month?
If so, that means they have between 6 and 9 months max, to really do something before the administrator is called in?

So at this juncture the best hope would be for slightly better revenue than YOU have forecast and a very public and brutal culling of staff and costs.

This investment has been a disaster, especially as at one point we were holding when the price high ticked at 732.5 in Dec 10

So at this point I am reluctant to let go, as the risk reward is -10p : whatever

Refcotrader
By Refcotrader ]]> http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9673865&action=detail Wed, 23 May 2012 15:41:00 GMT Refcotrader tag:iii.co.uk,2003:tst.9673391 http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9673391&action=detail Wed, 23 May 2012 13:55:00 GMT Ralphie Cohen tag:iii.co.uk,2003:tst.9673349 I stated ages ago that my reason for posting was to provide some sort of balance to the almost constant bullish stream.... I am not a millionaire! I got really badly 'burnt' just over a year ago by another AIM stock with 'transformational technology' which had gone thru several phases of tests.... everything was upbeat.... all the presentations, the press articles etc etc.... and then bang.... final tests failed and the price collapsed... so I know only too well how this feels... The question is how we can learn from this?? By Ralphie Cohen ]]> http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9673349&action=detail Wed, 23 May 2012 13:46:00 GMT Ralphie Cohen tag:iii.co.uk,2003:tst.9673346
In December 2011, PDX forecast revenue for the year would be £22m, of which half would come from Industrial Licensing. With the loss of the P&G deal, Industrial Licensing is unlikely to bring in much at all. The big unknown is Tyco. You probably know my opinion of Tyco but it as at least possible that their half-hearted attempts to market AquaSonic over the last six (yes, SIX) years are beginning to bear fruit.

I do wonder whether it was the abysmal outcome of the exclusive deal with Tyco that made PDX reluctant to give P&G an exclusive licence without a very large (possibly too large) upfront payment. It will be interesting to see whether any more details of the P&G negotiations are given and how other prospects may be affected by P&G's rejection of the technology.

That leaves £11m to come from the other LoBs. As we do not know the phasing of that revenue, it is not possible to say how much should be in the interims but we might expect most to be in the second half, so what PDX say about prospects will be critical (as usual).

Ethanol was predicted to bring in $1.5m (nearly £1m) but that depends on finding a solution to measuring the cost savings and agreeing a rate per gallon with the customers. As I did not expect a solution till this month, little of that revenue would have been received by the end of March and so we can expect only a trivial amount in these results. The key will be confirmation that a solution has been found, that customers are lining up to sign agreements, how much revenue has been received since March, what backpayments are due for production prior to resolution, what revenue can be expected in the remainder of the year and what further installations are forecast.

Public Health & Safety was to contribute 10% of the forecast - £2,2m. My guess is that little of that will have been received in the first half, maybe £0.5m, so what is said about prospects for the second half and beyond will be critical.

The remainder of the £22m was to come from Brewing & Food - £8m. Since the head of Brewing & Food, HJ Kroner, has left, we might expect results to be less than expected. How much was recognised in the first half is a pure guess, say £1.5m.

So if PDX achieved revenue of £2m in the first half, it might be considered to have done not too badly.

John





By John of Groats ]]> http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9673346&action=detail Wed, 23 May 2012 13:45:00 GMT John of Groats tag:iii.co.uk,2003:tst.9673295
"i really dont understand how if you sell out before this last 90% drop you did worse than if you sell out now???"

*Additional* seems to be the word you're not reading. I buy for 10p, I sell for 5p, price then goes to 2p. I have avoided making an additional loss. Not really very hard, is it?

WW By WarlockWilliams ]]> http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9673295&action=detail Wed, 23 May 2012 13:35:00 GMT WarlockWilliams tag:iii.co.uk,2003:tst.9673289 http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9673289&action=detail Wed, 23 May 2012 13:34:00 GMT maddmax1 tag:iii.co.uk,2003:tst.9673235 By Ralphie Cohen ]]> http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9673235&action=detail Wed, 23 May 2012 13:21:00 GMT Ralphie Cohen tag:iii.co.uk,2003:tst.9672955 vulture time now over - you where right, your always right. So off you go son - you have proved your point.
ta
Swiss
PS it amazes me how all these millionaires can find time to post By swisspaul ]]> http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9672955&action=detail Wed, 23 May 2012 12:17:00 GMT swisspaul tag:iii.co.uk,2003:tst.9672727 ITS (MERELY) NEW APPLICATIONS OF OLD TECHNOLOGY....
once again you are adding to the disingenuous b/s that is rife on this BB.... all your examples are of genuine new technology with massive applications for the general population... PDX is very industry specific... the problem is the disruption (time, effort, aggravation, cost) that goes hand in hand with installing some new PDX kit...
Ooopsss look at me falling into the trap that you guys did of trying to tell PDX about their business.... forget it! By Ralphie Cohen ]]> http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9672727&action=detail Wed, 23 May 2012 11:22:00 GMT Ralphie Cohen tag:iii.co.uk,2003:tst.9672726 http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9672726&action=detail Wed, 23 May 2012 11:22:00 GMT bigboy-4650 tag:iii.co.uk,2003:tst.9672709
Had he been able to hang on (against his better judgment) until Monday, he would have realised an additional five figure loss.

I'm sure he can explain of course. By Meneage ]]> http://www.iii.co.uk/investment/detail?code=cotn:PDX.L&display=discussion&id=9672709&action=detail Wed, 23 May 2012 11:17:00 GMT Meneage