3DM Worldwide - Superstock??

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jonwig - Fri, 30 Dec 05 :

The Independent Market Report says:

3DM Worldwide fell 0.5p to 32.5p on rumours that the group is looking to raise fresh equity. According to the market talk, the company has approached JM Finn, the stockbroker, to handle the fundraising. Speculation aside, 2005 has not been a good year for 3DM. Over the past 12 months the group's shares have lost half their value. On a two-year view 3DM, which claims to have invented a plastic as strong as steel, has seen the value of its shares slump by 75 per cent. The bulk of the damage was done in the summer of 2004 when the group issued a massive profits warning and was forced to clarify some of the figures in its annual results for that year.


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