Quote:
Originally Posted by AlexanderHanff
I just contacted one of my many press contacts (I seem to be collecting quite a list) who works for the Financial Times to see if she has any insight on the strange market behaviour with Phorm's stock today. Will update once I get a reply.
Alexander Hanff
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I've been reading the BT forums for updates on Phormware and came across an interesting discussion.
Now that VM have made it clear that they never signed any contract to use Webwise, if it is established that Phorm deliberately misrepresented the potential value of the company, thereby effectively conning the stock market and share buyers into believing that they had an extremely valuable contract with a huge company, Phorm could be in serious trouble, their shares could be suspended and they could face fines and possible prison sentences for any individual who is proven to have been involved in what is effectively fraud.
It was also suggested that an investigation into this matter is already underway but there is no confirmation of this from any source.
Do you or anyone else have any information on this?
I also read somewhere that Amazon maybe close to signing up to the OIX