Originally Posted by bluecar1

hammy to be absolutely correct

04-05-07
"Online advertising firm 121Media Inc has become a wholly-owned subsidiary of newly-formed holding company Phorm Inc following a reorganisation, Phorm said."

that is create a new umbrela company, absorb the failing company whose public image and how it is perceived by the public means it cannot continue to trade (oh and don't forget the various legal agencies in the US taking a close interest in 121media due to peopleonpage and the root kit )

all this to try and get away from a tainted image, unfortunately this has been rumble and all the money spent rebranded has been for nothing

shame that, how is your mate kent feeling due to the low share price

din't he take out loans to buy them? or was it used them as security for loans?

with the current credit crisis would be a shame if the loan was called in O:-)


peter