3DM Worldwide - Superstock??

Cornell.
If anyone seriously expect Cornell to buy TDM shares at 44p when the current prrice is under 31p then the description of them is "a TDM shareholder ".

Anyone who believes in TDM RNSs should read the RNS Kingspan issued about the TDM/Kingspan tie up. Look at the Kingspan website . Search for the RNS. If you can find a Kingspan RNS please copy it and a link here. I can't find one.


I have no doubt there is a tie up. I have no doubt that the legal interpretation of the RNS issued by TDM :-

"3DM Worldwide plc has entered into agreements with Kingspan Group plc (LSE:KSP) under which the companies will jointly develop a number of building material products using the PIM process.
Some of the products being developed will be in substitution of existing output manufactured by Kingspan, for which the PIM process will provide both cost and environmental benefits. Others will be new products which Kingspan has not previously manufactured. For commercial reasons, neither company is able to disclose further details. "

is correct.

But the lack of "further details" says it all..

This is a company (TDM) which issues RNSs which are carefully worded, are legally correct but which tend to provide optimistic investors with the assuance that they may seek that they are not making a horrible mistake and investing in blue sky.

Of course many investors welcome such RNSs with open arms.

The more cynical (or worldly?) may ask "where is the beef?"

There is of course no beef so far. No commercial orders. That's not to say there will not be any beef to come. But beef was promised in 2004 and 2005 and so far it has not materialised.

Maybe it will come in 2006?

If I were Ford or Dodge and faced the prospect of paying a 10% royalty to TDM for their process would I sign a deal when they are close to a cash call? Or would I wait and wait knowing that the longer I waited the more cash the company needed and the weaker its bargaining position became?

IF the product is as world shattering as supporters claim, the Ford/Dodge would neeed it: but at the right price. And a 10% royalty seems to me exorbitant.

So given TDM's weak negotiating position, I would draw things out for as long as I could.. and make the 10% a more reasonable 2.5%.

That is IF the product is commercial.. the jury is still out ..

Apologies fo typos New Year cheer etc...