[fidbod]

Originally Posted by icsys

As I mentioned a while back, there was suggestion on the BT forums that Phorm were being investigated with regard to deliberately misrepresenting the potential value of the company thereby misleading the stock market and share buyers by stating they had signed a deal with Virgin Media (who have now made it publicly clear that they never signed any contract to use Webwise).

It has never been confirmed if such an investigation is underway but one of the concequences of it could be, their shares suspended.

Then again, as there is no confirmation of the above, there could be another completely legitimate explanation why two separate brokers will not allow trading in Phorm Inc (Reg S) (PHRM) stock.

Unfortunately if trading in the securities had been suspended, it would have been annouced via the regulatory news service (RNS).