Thread: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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Old 20-03-2008, 19:38   #1527
AlexanderHanff
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Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
Quote:
Originally Posted by bigbadcol View Post
Somebody came along and invested £3,509,110 at the last minute. That is a heck of a lot of money. Even then the price is down day on day.
They obvious have way more money than sense. Given the news from the US today that US legislators are insisting that the service -must- be explicitly opted in and Phorm's success relies on opting people in by default. The news in the NY Times is not really mainstream at the moment, but it is going to have a huge impact on Phorm's attempts in the US and is likely to hit the share prices very hard next week.

The person who bought all those shares at the last minute probably assumed the price would not drop much lower, I think they are going to be very surprised and disappointed. Either that or it was a shorter who had a large sale to honour (which means they may have made a packet just from that single trade).

Alexander Hanff
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