So Phorm want to issue 1.6M shares at 33% higher price than the markets are currently trading their stock...should be interesting
wonder who is gonna buy them then?
Phorm seem to have failed to realise that it doesn't matter how many shares you issue or at what price if no-one wants to buy them
They have only had 2 buys all morning everyone else is dumping their investments faster than a street dealer dumps their stash when the popo drive round the corner.
Someone needs to stop the world so Phorm can get off.
Alexander Hanff
---------- Post added at 11:37 ---------- Previous post was at 11:34 ----------
More bad press for Phorm
http://www.newstatesman.com/200803270043
Alexander Hanff
---------- Post added at 11:39 ---------- Previous post was at 11:37 ----------
"BT, TalkTalk and Virgin are all signed up to trial Phorm's technology. But given the barrage of bad press it has received - culminating this month in virtual excommunication by the high priest of the worldwide web, Sir Tim Berners-Lee, they would be crazy to pursue this plan." man I knew there was a reason I loved to read New Statesman.
---------- Post added at 11:40 ---------- Previous post was at 11:39 ----------
"Over in Germany, the constitutional court has just delivered a landmark decision on data privacy that backs up this instinct. In essence, the decision accepts an individual's online behaviour as an "expression of personality", an activity whose integrity and confidentiality are fundamentally protected in German constitutional law." <-- Interesting