Quote:
Originally Posted by OF1975
Alexander, sorry to ask this as I know you are very busy with stuff you have to get done for Uni etc but have you heard anything back from that person you spoke to at the FT about the jump in the Phorm share price?
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Hopefully it will be established that Phorm deliberately misrepresented the potential value of the company by stating they had signed a deal with VM, (who have now made it clear that they never signed any contract to use Webwise). 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.
Maybe this current price surge is related? Announcement of a potential non-deal?
It was also suggested on the BT forums that an investigation into this matter is already underway but there is no confirmation of this from any source.