PLT, POLARTECHNICS LIMITED

[jaytee]

i'm not talking to you guys. you seem to have death written in the words.

how could this be when they have signed up a fair amount of population around the world for their products.
i mean thats what they said...that they had a future mapped out.
oh well just move on i guess. better for me to get myself out of the house when the news hits the missus.
gunna be a hard road at home with her

[forrestgump]

In Reply To: jaytee's post @ Aug 1 2009, 03:40 PM

G'day jaytee,

Sadly, if they do manage to somehow restructure and salvage this, it is very unlikely that the shareholders will get anything for their shares.

[theadder]

In Reply To: jaytee's post @ Aug 1 2009, 03:40 PM

hi jaytee, the next step down at our age, would be boothill..

and the price?? Not worth a zac..

[jaytee]

In Reply To: theadder's post @ Jul 31 2009, 12:07 PM

is this the end. i think everything that could go wrong has happened to plt.

wots the next step down?

a buyout @ 5 cents?

[theadder]

asx announcement..

Company to be Placed into Voluntary Administration

[theadder]

In Reply To: alderton's post @ Jun 30 2009, 05:19 PM

Trading Halt

[alderton]

In Reply To: moscowman's post @ Jun 29 2009, 09:22 PM

Asinine merger in the first place; PLT just wanted FER's cash reserves. What does this say about the commercial judgement of the FER board when they do a backflip on the recommendation upon receiving the expert's advice? Blind Freddy could see that PLT were cash-strapped.

A

[moscowman]

So much for that idea.............


29 June 2009
Suzanna Dabski
Companies Announcement Office
Australian Stock Exchange
Termination of Takeover Bid Implementation Agreement with
Polartechnics Limited

On 17 April 2009, Fermiscan and Polartechnics Limited (Polartechnics) announced that
they had entered into a Takeover Bid Implementation Agreement relating to the proposed
merger of Fermiscan and Polartechnics (Takeover Bid Implementation Agreement).
The terms of the Takeover Bid Implementation Agreement provide that Fermiscan is
entitled to terminate the Takeover Bid Implementation Agreement where the Fermiscan
Board changes its recommendation in respect of the takeover offer made by Polartechnics
(Offer) as a result of the Independent Expert concluding that the offer is neither fair nor or
reasonable.

As the independent expert has confirmed in the Independent Expert’s Report (annexed to
Fermiscan’s Target’s Statement released to the market earlier today) that the Offer is
“neither fair nor reasonable to Fermiscan Shareholders and option holders”, and the
Fermiscan Directors have recommended that Fermiscan Shareholders do not accept the
Offer, Fermiscan has terminated the Takeover Bid Implementation Agreement in
accordance with its terms.

[cooma]

In Reply To: twotoneh's post @ Jun 15 2009, 08:53 AM

I have been away and read it tonight. Havnt received anything from the company and am a bit disturbed with FER sp ??

[twotoneh]

Hi all,

By now hopefully you will all have seen that the bidders statement was released on Friday:

Polartechnics Bidder's Statement fo Fermiscan Shares

It appears to be well put together, a very professional job ... well done Polartechnics .

A highlight IMO was a bit of news (compared to information previously released) on page 15:

Polartechnics has now established reliable monthly production of 50,000 TruScreen consumables, which is scalable to meet demand growth.

The last figure that I remember was 20,000, so they've obviously done massive improvements in their manufacturing in China. Note also that they say 'which is scalable to meet demand growth' ... would this mean up to 50,000, or beyond?

The target's statement should be released very soon, containing an independent expert's report, which should be very interesting.

Cheers.