DDD Group - Re: DDD Stream Log - Beaufort note out this morning...

Beaufort note out this morning on Research Tree.. "The Board has proposed DDD's AIM cancellation with a view to eliminating costs. While its SmartCam 2D digital technology product is highly innovative and has the potential to attract an active following, to date its subscription-based revenue model has failed to gain reasonable traction. Meanwhile, the Company's TriDef 2D to 3D conversion solution is rapidly losing momentum. Having secured additional patents to protect its proposed new 2D offerings, however, DDD is likely to remain cash hungry for some time to come. Given also the Board's recent decision to resort to the issuance of Secured Loan Notes to raise required working capital, its decision may be considered expedient in view of likely continuing funding needs and difficulty experienced in securing new equity funding. Given that the AIM-cancellation was proposed by DDD's Board, it is realistic to expect the Resolution to be successfully passed. Bearing this in mind, and the fact that it may in the future become difficult to trade DDD shares on the proposed basis of 'match bargain', shareholders might consider taking advantage of higher market trading liquidity between now and 6th July, should they wish to reduce of their holdings."