Things are not going well for Phorm at the moment.
With the BBC C4 and the experts saying there technology is illegal, Then I saw this on the investor site
http://www.iii.co.uk/investment/deta...PHRM.L&it%3Dle
Posted by fidbod
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I don't know if anyone has read the regulatory news service today if not a brief update.
As of 7th February the following investors held substantial holdings.
Majedie investments PLC 4.26% - source Phorm Website
Valerie Boffy 3.27% - source Phorm Website
As of today
Majedie hold 3.9%
Valerie Boffy is no long a substantial shareholder i.e. her holding has fallen below 3%.
I don't know about you but when institutional shareholders and significant private investors start selling their investments, that is a big sell indicator for me!!
It is almost as bad as directors selling their investment.
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Add to another week of slowly falling prices, I can enjoy my new hobby of watching a company slowly burn.
Enjoy a good night everybody.