Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]

[Florence]

Originally Posted by Dephormation

If unrestricted shares are £16.00.

And restricted shares are £11.00.

Then converting 50,000 unrestricted shares to 50,000 restricted shares loses you 50,000 * (£16.00-£11.00) = £250,000.00

Simply to deny the recipient full unrestricted rights.

Why would you do something like that?

to grab extra profit from the unrestricted no protection remember and do a moonlight

[Dephormation]

Originally Posted by Dephormation

If unrestricted shares are £16.00 (bid).

And restricted shares are £11.00.

Then converting 50,000 unrestricted shares to 50,000 restricted shares loses you 50,000 * (£16.00-£11.00) = £250,000.00

Simply to deny the recipient full unrestricted rights.

Why would you do something like that?

If I repeat the same calc using the mid point bid/offer for unrestricted shares at around £20.00 the calc gives you a loss of £450,000 by converting the shares. Why would anyone do it if not to deny valuable rights to the recipient?

---------- Post added at 13:02 ---------- Previous post was at 12:52 ----------

Originally Posted by HamsterWheel

Dephormation - the reason is no doubt tax.
The shares are of equal value, their prices mirror each other albeit with a time lag as the Reg S shares are thinly held and thinly traded.

I've got a £10 note in my pocket here. Its very nice.

Would you care to swap it for a twenty?

[BtKoW]

Hi all,

Using Tesco.net, which uses Virgin Media as the backbone. Shamless plug, its not a bad service

email from support :

Thank you for your recent e-mail.

With regards to this, Tesco internet access are not looking to use Webwise or Phorm.

If I can be of any more help, please do not hesitate to contact me again.

On another point, sry if its already been covered, but when u go onto Phorms website & read the FAQ, then select the How to opt out link how Convenient that the link is knackered. . .

Suffice to say that Bad phrom was sent an anon feeback.

Keep pluggin away guys.

[vicz]

This must be why knacker of the yard is too busy to investigate the BT illegal trials http://www.theregister.co.uk/2008/06...iz_cigar_case/

[bluecar1]

interesting link, not seen this one before

http://www.phonecallsuk.co.uk/bt-webwise.html

peter

[HamsterWheel]

if you try to sell 50,000 shares you'll find that the brokers don't want them at whatever price they are currently quoting and the price they will offer you will equate to what the normal shares are selling at.

Do you lot have to find a conspiracy in everything you do ?!!

If there was money to be made swapping between the two types of shares then investors would quickly do it.

Another lesson from Investing 101 for you all ;-)

[Dephormation]

Originally Posted by BtKoW

On another point, sry if its already been covered, but when u go onto Phorms website & read the FAQ, then select the How to opt out link how Convenient that the link is knackered. . .

Suffice to say that Bad phrom was sent an anon feeback.

Ahh, you discovered!

You can't opt out! (even if they bothered to ask in the first place).

And if you operate a web site? You have no choice at all.

And of course, it should be opt in.... where not opting in means you have nothing to do with Phorms kit.

[bluecar1]

has eveerybody gone????

not seen any updates on my screen since pete at 13:21 ??

refreshed my browser many times

i cant beleive no posts for 30 minutes this time of day

peter

[Wildie]

we lurking muhaha, anyway some with a a/c on iii need to show someone what VM have said about been signed up to phorm.

[tdadyslexia]

Originally Posted by BtKoW

[snip]
Keep pluggin away guys.

Hi BtKoW and to the Forum.

[Florence]

Sorry I am here but also searching online for information,

[serial]

Originally Posted by bluecar1

interesting link, not seen this one before

http://www.phonecallsuk.co.uk/bt-webwise.html

peter

That's MadSlugs page from over on BadPhorm. Put it together back in April.

[Dephormation]

Originally Posted by HamsterWheel

if you try to sell 50,000 shares you'll find that the brokers don't want them at whatever price they are currently quoting and the price they will offer you will equate to what the normal shares are selling at.

Do you lot have to find a conspiracy in everything you do ?!!

If there was money to be made swapping between the two types of shares then investors would quickly do it.

Another lesson from Investing 101 for you all ;-)

I went out at lunch, got an ice cream, and though doh! USD conversion. So I just checked it all out again.

Pleased to say, I think I am not wrong. All currencies are GBX.

PHRX.L; bid offer spread is £16.00 - £25.00, mid point is £20.50

PHRM.L; bid offer spread is £11.00 - £11.75, mid point is £11.37

So if I take 50,000 of PHRX.L (worth 50,000 x £20.50 = £1,025,000)

and convert it to

PHRM.L (worth 50,000 x £11.37 = £587,500)

I lose £1,025,000 - £587,500 = £437,500.

Almost half the value. And my unrestricted shares suddenly become restricted Regulation S shares. I can't sell them in the USA.

Now, I know nothing about share dealing it must be said, but to my untrained eye that looks like an awfully poor investment choice.

If this was a stock people wanted to buy, why devalue it, and sell it at half price.

Seems barmy to me.

The reason we watch Phorm so carefully, is because when we don't, strange things start happening to our net connections.

[HamsterWheel]

Dephormation - you go and try to buy any quantity of PHRX shares and you'll find there simply aren't any for sale. So the price is irrelevant.

[bluecar1]

Originally Posted by HamsterWheel

Dephormation - you go and try to buy any quantity of PHRX shares and you'll find there simply aren't any for sale. So the price is irrelevant.

that is because you can only buy the PHRX stocks in the US, the reg S shares can be sold outside the US

that is the reason for the reg S shares.

no point having an international company if only US investors can invest

but reg S has been seen by many as having insufficient controls to prevent various types of fraud

correct me if i am wrong

peter