Into Perspective8 Jan 2006 09:43
PMD. Hi debbie. Just like to put this into perspective before session Monday. PMD was forced to sell titles and raised £600K in the bargain otherwise the Auditors would not sign of the Interims. Further with £11M worth of debt, £3M to BARC, subsequently assigned to Eden Invest (looks like a debt/equity swap coming), and Market Capitalised at £1.4M, you can begin to see how I stress this is not for the squeemish. That said, I have been following this saga for a long time, so when in Sept the Company announced that negotiations to reschedule the debt was a priority I sat up more and took interest and a further announcement made later in the year, so when buyers started to steam in last Thursday, I thought to myself, the shares look to have bottomed out for now so hop on board, I have been rewarded with a 125% return in two days, which I will now rein in. I absolutely confess this is not for the nervous/novice it probably will go belly up still, but my belief is that it is a bombed out unloved stock, that will in the short term (a month no more) could show strength. I have posted a buy on that basis and no more. For me I will be selling some of my holding Monday am to lock in profit and in doing so lock out a loss, be running with the rest at no cost but any upside is absolute gain/profit. I will repeat this again and again. THIS IS NOT FOR INEXPERIENCED INVESTORS SO STEAR CLEAR YOU COULD AND ALMOST CERTAINLY LOSE EVERYTHING IF YOU GET YOUR TIMING WRONG. At