Member Info for GrandTheftAuto

** added for clarification. RNS Number : 3486T Quote:- No prospectus No offering document, prospectus or admission document has been or will be submitted to be approved by the FCA in relation to the Placing and Placees' commitments will be made solely on the basis of the information contained in this Announcement (including its Appendix) released by the Company today, and subject to the further terms set forth in the contract note to be provided to individual prospective Placees. **Each Placee, by accepting a participation in the Placing, agrees that the content of this Announcement (including its Appendix) is exclusively the responsibility of the Company and confirms that it has neither received nor relied on any other information,** representation, warranty, or statement made by or on behalf of the Group, Mirabaud Securities or any other person and none of Mirabaud Securities nor the Company nor any other person will be liable for any Placee's decision to participate in the Placing based on any other information, representation, warranty or statement which the Placees may have obtained or received. **Each Placee acknowledges and agrees that it has relied on its own investigation of the business, financial or other position of the Group in accepting a participation in the Placing.** Nothing in this paragraph shall exclude the liability of any person for fraudulent misrepresentation. RNS Number : 3497T Quote:- The Company is now progressing **towards its first test campaigns before** moving to commercial operations.

Some current news! http://online.wsj.com/news/articles/SB10001424052702303789604579198370093354680

Tantalus

"I see a SHADOW looming for those Technologies that habitually employ MITM(Man in the Middle) Communications Manipulation Techniques." As always though DYOR

Perhaps you should read the "Leaked BT 2006 Report" It highlights an obvious ongoing energy/server/bandwidth problem which may go someway to explain the high "Cash Burn Rate" this company has. If this is the current situation then any likely profits may remain small (expenditure versus outgoings) as I have stated before? You might also ask "Blackrock" why the unloaded their Shareholdings, just when "according to Phorm" they are making progress?

http://paidcontent.org/2012/06/06/phorm-taking-even-more-money-for-ad-targeting-dream-now-in-china/ Quote:- But the £20 million injection from CCIL depends on Phorm actually finding an ISP client to license its technology exclusively in the countries. Had Phorm expanded the available shares of its holding company to raise new money, it would have diluted previous backers’ stakes by now. So its tactic is to establish new country-specific operations ring-fenced from the core. Nevertheless, Phorm does intend to use some of the money for general working capital for its efforts outside China, too, according to filings. As always DYOR.

To me, Fridays Statement was a "Red Flag" indicator with regard to the Interim Accounts. As always DYOR(thoroughly), especially with this Company.

@mulledwine Well this Companies progress, or lack of is definitely an enigma. So how much capital will this company need to raise or produce in the next 2 years, just to pay off this Loan? Remembering of course it is secured against the remaining assets & intellectual property of this company? For good measure don't forget to look at the past history & antics of this company!

It seems the Shareholders are out of the loop? http://www.londonstockexchange.com/exchange/prices-and-news/news/market-news/market-news-detail.html?announcementId=10565851

Hmm Given the current events, I think more than probable.

Is the midpoint being massaged?