mr winithrith wading in about mr bigger www.shareprophets.advfn.com/views/7383/poor-form-and-a-bigger-fool-death-postponed seems he cant read, he says "The interims showed that net current assets at June 30th were $2.6 million. The monthly cashburn in H1 was $2.6 million. Do your maths. But last week the company must have been trading pretty close to insolvent. phorms interim report says "During the first 6 months of the year, average monthly cash burn excluding financing activity was $3.6m (2013: $2.6m)" but still more accurate than mr biggers effort at thisisbigger.com/2014/08/22/phorm-investment-thesis/ quotes many thing as "source company" but does not seem to have done any independant research who are these " commercially-driven world-wide smear campaign (Source: Company) A professional group of anti-Phorm campaigners, posing as ‘grass-roots’ campaigners" also "Phorm obtained a Court order against certain protesters", two problems there, it was the CEO not the company that obatained an interim court order? and it was against a single person (note the singular) there are a number of other possible errors as well there is one question that needs asking if these "grass roots" people caused problems for phorm with regulators etc why? surely these regulators did their own investigations after being informed of issues by these campaigners?, if the issues were groundless why did phorm have problems with these regulators etc? were not operating in a fully compliant manner ? or was there other issues
23 Aug '14
RE: huge sells
Dave. Yes and HUGE BUYS.
22 Aug '14
someones offloading in a big way, but strangely the SP has gone up
13 Aug '14
time will come
http://www.businessspectator.com.au/news/2014/8/13/china/chinese-privacy-case-raises-risks-doing-business-country "It's not just that the tactical business practices need to change, it's the mind-set," Mr. Maisog said. Lawyers said the limitations mean executives, often those sitting in foreign countries, will need to rely on less information to make decisions about their China operations. For instance, lawyers said that companies wary of holding certain kinds of data--such as the official Chinese identification documents prosecutors said were found on Mr. Humphrey's computers--are likely to limit background checks to public records. That will be a challenge in a country without household-telephone directories and where 30% of the population shares just five family names; almost 100 million people are named Wang.
12 Aug '14
10 Aug '14
Phorm Tick Tock Tick Tock
what another site seems to think of phorms finances? "Phorm Tick Tock Tick Tock – is this week of D-Day? That is D for Death" http://www.shareprophets.advfn.com/views/7099/phorm-tick-tock-tick-tock-is-this-week-of-d-day-that-is-d-for-death
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