[dav]

Originally Posted by Dephormation

So employees have opted to exercise share options.

I'm not a financial analyst, won't this further dilute the value of the shares? (ie, if there are more shares, the value of each share is less, albeit a small %)

Would this also explain the hike in the share price around the 12?

I hope you aren't suggesting Phorm and/or its employees are involved in anything shady