Quote:
LONDON (Thomson Financial) - Phorm Inc said chairman and chief executive Kent Ertugrul has pledged 500,000 shares in the company as security in connection with loan facilities arranged by him.
The shares represent about 19.27 pct of Ertugrul's 2.59 mln share holdings, and following the signing of the loan, Ertugrul's stake of 21.47 pct will remain unchanged..
Ertugrul has no current intent to sell the shares, the technology information company said in a statement. TFN.newsdesk@thomson.com pmi/am
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@Deko, do you have the link for this?
It says copyright 2007. If it's recent, it's important.
It's also probably wise not to make allegations as you have. You might want to rethink and edit?