surprised13 Nov 2013 23:23
Im surprised the shareprice didn't fall further as the directors realised that the shareprice was getting embarrassing seeing as they have got to raise funds,the market cap is incredible for a company that needs money to survive,i can't believe people bought in at these levels,here's the facts once more,so be careful.
Phorm (AIM: PHRM) today announces its unaudited financial statements for the six months ended 30 June 2013.
Financial Overview
· Operating Losses $24.3m (2012: $30.7m)
· Losses after taxation $24.8m (2012: $30.9m)
· Loss per share was $0.18 (2012: $0.41)
· As at 31 Aug 2013, the Group held cash and cash equivalents of $9.0 million
· The average monthly cash burn for the last 3 months (Jun-Aug 2013) was $2.5m (average Jan-Jun 2012: $2.2m)
INCREDIBLE im still mystified why people thought they were going to wave a money magical wond,unbelieveable.