Quote:
Originally Posted by Capt Pugwash
Does anyone understand the connection between Phorms major invester, Gestrust SA and it's prime mover Marc Angst (good name), his other strange company Arxiel, and their collection of dubious penny stocks like Identica Holdings Corporation?
I'm still wondering if Phorm was ever meant to be a serious company, or just a penny stock scam.
Odd that Phorm says that it hasn't issued a press release since 15 Apr 08?
|
to work that out you need to find out what is happening to all the cash sloshing around in phorm, what purpose is it being used for or is it just sitting gaining interest?, is it being siphoned offf as directors drawings or bonuses?
the next set of interim accounts will be interesting to see out goings and what headings they put what amounts under
the rate of usage of the cash will also give an idea of how long phorm can survive with no income
peter