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Noted you changed your opinion from "no opinion" to "strong sell" in a week - I presume after reading all these share prophets articles? TBH this website is not usually wrong - look at QPP recently! If they can get more funds - there may be a relief rally - if not, then we know what will happen. Too high risk even for me now!
oh dear, no wonder brazil was de-prioritised hxxp://oglobo.globo.com/economia/defesa-do-consumidor/oi-multada-em-35-milhoes-por-invasao-de-privacidade-feita-por-velox-13348505#ixzz38IWgfsg6 to quote the title as translated by google translate Hi is fined R$ 3.5 million for invasion of privacy made by Velox According to Ministry of Justice, broadband service monitored Navigation User Profile and sold to advertisers so phorms partner got a large fine for the service provided by phorm? so fine in romania, turkey and now brazil? any more in the pipeline?
http://www.shareprophets.advfn.com/views/6668/poor-phorm-tick-tock-tick-tock-4-weeks-to-insolvency-now-what-about-your-****-in-brazil
if they placing share,oo has not less than 10p ,I i think, if they got any plan to placing the share, sp will raise atleast 16-19 p before AGM...imo
1 month to next cash call / share issue so current burn rate and cash in hand seems to suggest about 4 weeks cash left, so what phorm going to use as good news to persuade people to part with another load of cash to keep them affloat for another 3 months? and how much dilution is it going to be needed this time, and how many more cash calls before people think enough
will need to raise money in short term or will go bust,they are burning through cash at high rate,until this is sorted its a no buy,avoid
I hope you didn't get choc bit coins ?? Hmmm LOL
Phorm are on the launch pad, not concerned about raising monies that will be easy with the revenue growth being shown, the institutions will be fighting themselves to get involved, and I guess that's before the yanks look at it, please for an orderly Que., stock is the wrong price, over 60% held by 2 institutions who continue to back this co. Big squeeze in this stock coming at sine point.
http://recode.net/2014/06/26/scotus-gets-it-encryption-is-a-basic-security-feature-not-a-sign-you-have-something-to-hide/ Quote:- The Supreme Court gets it — unanimously. We need rules that protect privacy in today’s world. Searching a trunk requires a warrant; now, ***so does searching a phone or device.*** Securing a trunk requires a lock, and that’s what emerging digital-privacy companies and encrypted-email services provide. (***highlighting information)
So after the few sheep all the trades after 9:30 have been on bid and the mid had dropped by 9am to 9.50 so what happened to the zoooooommmmm? Bit of a damp squib even by phorms standards' not much in the 4 announcements 400k / year income against 3m / month burn, yep great business model (not)
I would expect revenue growth to be in the region of 100% per month compound (doubling ever month or so) you can work those numbers out yourself, also further users in all territory obviously china as stated but other territories they are live.. I note they say "global update" not just Turkey and China,, 50m in china alone is huge
Very good trading update,revenue growing fast and would expect it to grow even quicker as traction in mkts increase, funding will be done, stock is a multi bagger from these levels, as usual the PI don't understand the massive growth potential of this stock, prediction 50p by Christmas and that could be conservative IMHO, ignore all the "anti phorm" people mentioned let the courts system sort them out.
Agree that such an increase in revenue growth is very impressive - US$ 400,000 for the period January to May. However this growth will need to be sustain for 2-3 years before the company could become cash flow positive and that is still a big ask. There will have to be several more equity raisings during this period - but enough material here for both bulls and bears to go on with for months gla
Announcements and final results http://www.phorm.com/sites/default/files/Global_Operations_Update_27-June-2014.http://www.phorm.com/sites/default/files/AGM_and_Board_Changes_27-June-2014.http://www.phorm.com/sites/default/files/Annual_Results_27-June-2014.pdf
i used to invest in here guys very good news revinues are fantastic will dip in today
thank you very much for your information.
i think you will find the likely date for FYR's is monday 30th june, the last day they can publish wihout getting into issues with AIM also expect some vague "good news" friday with warm fluffy info but lacking fine details you can verify to try and offset expected lack of good news in the FYR's monday, look back at previous years and you will see this sort of pattern a number of times do not expect massive revenues from turkey, last figures were $4.7k / month, there was mention of 125%growth, but they failed to include any actual figures so revenue may have gone down to only $1k or up to $10k/month you will not know until monday, but my guess is not good news on revenue or they would have been singing and dancing with RNS announcements about it also look back over previous FYR's and HYR's (remember HYR's are not audited or verified) and see if you notice any patterns of "good news" which failed to be delivered or growth / revenue target that failed to be achieved do your research and if we get a good spike friday it may be a good time to bail or sell half of your holding / top slice as normal situation is SP dips a day or so after results announced
Via a Poster Elsewhere http://www.china.org.cn/china/Off_the_Wire/2014-06/24/content_32754307.htm Brazil unveils new online regulations to tighten security Xinhua, June 24, 2014 Quote The new law means providers can sell Internet access services based on maximum speed, but cannot restrict content. To ensure users' privacy on the web, Internet providers, for example, are forbidden from spying on the content that their clients access. Companies are also forbidden from selling people's personal data.
I have bought phorm share in November last year at 12.5 p but since it has gone up to 12p and down to 10p. Has any one got any information about when the result will come out? I have waited a long time since nov but I'm still waiting for some good news. I could buy another share and make money but I trust phorm and will wait.
hmm http://english.people.com.cn/n/2014/0613/c90882-8741020.html Quote China launches campaign against online piracy BEIJING, June 13 -- The Chinese government has launched a half-year campaign against rampant online piracy, targeting websites which offer unauthorized content from traditional media. snip "The move aims to promote cooperation between online and traditional media institutions and better protect copyright by standardizing the use of copyright owners' content online," said a statement issued by the departments on Thursday. end quote now go back to brazil i believe there was an issue with phorm agregating and using some RSS feeds that had T's and C's about private use only and against commercial use now go back to the UK there was a lot of issues with the possibility of phorms webwise breaking copyright when it intercepted and processed the website traffic in flight to the requesting end user, as the T's and C's of many website specifically prohibit the ability to allow the end user the ability to transfer there right of use to a third party (eg phorm), as well as many prohibit the use of content for commercial gain (eg scraping content to target advertising for a (cough) profit) so are these old ghosts going to come back and haunt phorm again? if they do and cause delays yet again it may well be the end
hmm "Foreign tech firms pose Internet threat" - China.org.cn hTtp://www.china.org.cn/business/2014-06/04/content_32564736.htm thats not good news for phorm, being a "foreign" tech firm :)
I see on ADVFN there is speculation that there is news/trading update due, hopefully evidence of revenue growing rapidly across all there main markets.