so in the last week the mid has dropped steadilly from 10.75 to 9.75 about 9% drop still no sign of new cash or a share issue time is running short for phorm to raise cash or provide good news in the form of impressive revenue to try and get interest in any possible share issue moving the fact there has been no revenue figures and reportedly on another forum (though not proved and no evidence provided to back up the claim) lack of interest in a share issue is interesting, i would assume anyone who would be interest in or offered the option to partake would have to be appraised of certain information relevant information on which to make a decision to partake in a share issue if and i say IF a share issue has been offered around and no uptake has occurred it could be seen as an indication of how bad the prospects are for phorm and its finances but it is a long time after the predicted running out of cash based on the last cash burn and cash in the bank from phorm there are a number of possible answers 1:- phorm have generated more revenue than anticipated (if this was the case we would have heard about it by rns so i don't think it likely) 2:- cash burn has been reduced and cash has lasted longer than expected (possible but again i think unlikely) 3:- some independant injection of cash rather than a share issue (unlikely not sure if possible without some form of notification) 4:- the cash call / share issue has not yet taken place (possible but no evidence to confirm or deny) 5:- the cash call / share issue has been attempted and failed (possible but no evidence to confirm or deny) so most likey are the last two but no evidence to support either, as normal only time will tell. we have the rampers on the other forum who would have us believe option 4 is correct but they have a history of mis-information we also have a new poster on the same thread on the other forum who has made the unsubstantiated claims that phorm have attempted and failed to raise cash, they have no history for me to judge them for or against. the only information presented that could be verified has been that which is available to anyone with level 2 access so apart from the current SP slide there is no real evidence regarding a share issue but it is likely cash is at a criticle level based on the last figures provided by phorm, and up to now those predicitions based on phorms figures appear to have been accurate to a week or so so what information do we have still not granted patents, still not enough revenue in a year to cover a single months cash burn even the optimistic predictions of mr bigger show phorm will still need regular cash transfusions to keep it alive for 18-24 months before it "MAY" be possible to support its self but how much more cash is that going to take? £40m-£50m and that is a ball park figure based on current cash burn rates and a linear increase in revenue as per mr biggers pre
23 Nov '14
are phorm struggling to get funding
comments on another forum seems to suggest phorm are not finding any takers for the latest round of funding / share issues to quote "it don't look like no one is coming forward from the book build, looks as if they may have to lower the price again or there will be trouble ahead" and later "it looks as if the fat woman is singing here, sold mine today, best to move out of this, don't want to get caught out on a suspension and lose it all" anyone have any other information?
20 Nov '14
https://letsencrypt.org/ Let’s Encrypt: Delivering SSL/TLS Everywhere Vital personal and business information flows over the Internet more frequently than ever, and we don't always know when it's happening. It's clear at this point that encrypting is something all of us should be doing. Then why don’t we use TLS (the successor to SSL) everywhere? Every browser in every device supports it. Every server in every data center supports it. Why don’t we just flip the switch? I don't think this is good news for any Company that relies on piggy-backing/hijacking live web users connections to/from Web servers?
7 Nov '14
backgoround on CEO and phorm
if you are considering buying in have a look at the links below And you want some backgroud / historical information to base a decision on as to whether to invest (if you don't trust links goto wikipedia and look up phorm or kent ertugrul using the search) Look back at all the reports even when phorm was called 121media it has never made a profit, fsecure classified its apropos product as a root kit, shortly after 121media became phorm, coincidence? Could phorm have been trying to bury the link with apropos rootkit ? the links below are public records of the CEO's previous businesses and see if there is any history of profit or failure and draw you own conclusions the CEO's entry in wikipedia http://en.wikipedia.org/wiki/Kent_Ertugrul phorm have there own page as well documenting there history http://en.wikipedia.org/wiki/Phorm the forth paragraph shows how they have tried to cover up / change entries they did not like you will also find information you will not find from the phorm website or press office bear in mind phorm have not been able to get any of the information removed as it is all backed up with sources and verified Lots of public information there for you to see if there are any patterns DYOR and draw your own conclusions
6 Nov '14
phorm past record
From another site The Phorm excuses glossary...‎ hTTp://www.phorm.com/sites/default/files/2012.06.29%20RNS-Phorm%20YE2011%20Results.pdf 29 Jun 2012 ... Much slower than anticipated ramping in Brazil, but expected to improve in 2012 once user numbers grow. • Equity placing in November 2011 hTTp://www.phorm.com/sites/default/files/Phorm%20Inc%20YE2011%20Results.pdf ‎28 Jun 2012 ... Nevertheless despite the slower speed the commercial results in terms of advertising pricing and performance have been excellent hTTp://www.phorm.com/sites/default/files/13.06.28%20Annual%20report%20YE%202012%20(FOR%20RELEASE)_0.pdf ‎28 Jun 2013 ... fact that revenues have not grown as rapidly as originally expected due to slower than expected user growth in Brazil and the delays hTTp://www.phorm.com/sites/default/files/2010_Financial_Statements.pdf 31 Dec 2010 ... Operational performance 2010 and 2011 to date has seen Phorm achieve substantial results, although progress has been slower than we had. hTTp://www.phorm.com/sites/default/files/2012.06.29%20RNS-Phorm%20YE2011%20Results.pdf 29 Jun 2012 ... disappointment, we saw our dependency on the slow pace in that country ... We expect a substantial increase in the pace hTTp://www.phorm.com/sites/default/files/2010_Financial_Statements.pdf 31 Dec 2010 ... believing that the pace will accelerate in the months to come.
5 Nov '14
phorm looking for the next invstors
Begging bowl must be doing the rounds with the level of ramping on other sites Sp will rise as people try to make out phorm has found a way to become profitable (cough) DYOR Jam will be promised tomorrow as it has been with uk, Romania, Korea, brazil,Turkey etc but none has ever been delivered in significant quantities and not enough in a year to cover even a quarter of a single months cash burn Look back at all the full year reports even when phorm was called 121media it has never made a profit, fsecure classified its apropos product as a root kit, shortly after 121media became phorm, coincidence? Could phorm have been trying to bury the link with apropos rootkit ? No one but the CEO would know for sure You could also look at the public records of the CEO's previous businesses and see if there is any history of profit or failure and draw you own conclusions Try looking up the ceo in wikipedia http://en.wikipedia.org/wiki/Kent_Ertugrul phorm have there own page as well documenting there history http://en.wikipedia.org/wiki/Phorm the forth paragraph shows how they have tried to cover up / change entries they did not like Lots of public information there
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