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this company was deregistered in Australia today and has therefore ceased to exist here - the stock trades on the Hamburg Stock Exchange under the symbol: PSC.


we are informed that a "shareholder disclosure" is being prepared and will be circulated to shareholders via their registered address


delisted because of failure to pay its listing fees for 2005/06


company releases a letter to shareholders - rarely do we express an opinion on market announcements but we have reservations when it says, for example: "the company has been able to assemble a highly credentialed team with a wealth of experience from a number of tier one semiconductor companies. An industry recognized Patent Consulting Group in San Carlos, California has been engaged to support the team in crystallizing value through building and developing a robust patent portfolio around the Company's technology and know-how" - the release goes on to say "this will be the Company's final public announcement via the ASX. On Monday 29 September the Company will be removed from the ASX Official List" - the primary point of contact for Australian shareholders according to the release is


what about a progress report from the company or from the consultant Robert Hyndes??


a consultant to the company writes "it has become apparent that in order for the Company to obtain sustainable orders for equipment, continue to develop the technology to match changing market needs and survive industry cycles, Planar would need to be financially strong with the ability to access funds on a near continuous basis from a market that is experienced in valuing the space in which Planar operates" - he is going to "continue to work together with Rob Randhawa, the TAB and SiVal to identify and execute the best strategy to provide a return to stakeholders"


we note that on its website Planar shows a current share price for AUS:PLN of $AUS 0.19 - this company's shares have been suspended for almost two years (since 31 March 2003)


we have been seeking an update from chairman Randhowa since 9 September 2004


progress report on activities and capital raising


company provides an update of developments


the company has not paid its annual listing fee - it will be removed from the official list on 1 September 2003 if it does not pay the fee by Friday Aug 29


shares suspended from quotation

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