Phorm Corp Share Discussion Threads

[andy pipkin] 16/3/2016 07:16

Looking good. £500 by the Olympics imo.

[jhorb] 16/3/2016 07:13

A phool and his money.....

[igbertsponk] 16/3/2016 07:12

Good news! Still going

[btcustomer] 15/3/2016 17:50

Update on key Phluid Media personnel:

Interesting to see that Dayna Moon is now working at new recruitment startup Elluum, founded by Louis A Severine, & Ricardo & Michelle Collison.


So that's three of the PhluidMedia superheroes gone?
Flash Gordon, Iron Man and She-Ra Warrior Princess.

that leaves David Paquette and William "Bill" Felix still ostensibly in the "Team" - but LinkedIn profiles are notoriously unreliable - for example, see


Interesting to read William "Bill" Felix's Linked in profile about his previous post, "Worldwide Delivery Director
Media and Advertising Startup
September 2012 – March 2015 (2 years 7 months)London, United Kingdom

Director, Worldwide Delivery and SVP - Technology and Business Development for a stealth mode behavioral advertising start up based in London, UK; planning, delivering and managing vendor relationships for large scale, integrated Network/IT platforms in China, Russia, and the USA."


Might he have been working for them for a bit longer than we realised, but in a consultant capacity via "Worldwide Delivery"? Maybe in "stealth mode" in his "Clark Kent" persona rather than as "Superman"?

[deko] 15/3/2016 00:38

Ha..........................

[felixcatuk] 14/3/2016 20:44

.


The only nice thing about trading while insolvent is, the directors become personally liable to the creditors. Which must focus the mind (see pic above).

[hamstersbrain] 14/3/2016 11:40

^____^____^__________________________________________________
Flatline

[sparky87] 14/3/2016 10:07

Remember we are coming up to Easter.

[btcustomer] 11/3/2016 12:57

Russian DPI intercepts get hammered by the ECHR - 4th December


which might have had a bearing on the decision by Interzet to abandon iMarker on 6th December.





I wonder how that affected the Phorm/iMarker/Phluidmedia revenues? Did it lead directly to the collapse of Phorm's fundraising? After all - the only Phorm revenues we've seen recently have been the 8m Rouble revenues (and what nice big numbers they seemed - until they got converted into real money).

[andy pipkin] 11/3/2016 12:36

Looking good

[btcustomer] 11/3/2016 09:10

Are Phorm/Phluidmedia still trading?
Are they solvent?

[jhorb] 11/3/2016 08:56

Seems the Yanks are catching up with the EU!

[btcustomer] 10/3/2016 17:57

@JHorb - Although Phluid Media Inc (wholly owned subsidiary of Phorm Corporation (Singapore) Ltd) is a Delaware company (formerly Phorm UK Inc), it is registered as an "overseas" company in the UK at Companies House and therefore subject to UK law as well as Delaware law.

gives the details. Last accounts filed there were on 2nd Feb, made up to Dec 2014.


The balance sheet is the most scary section of those accounts. Inter-company deals - not at all healthy.

[igbertsponk] 10/3/2016 16:21

Who needs details ? I can pay oiks to do that out of all my oodles of Phorm profits.

[btcustomer] 10/3/2016 16:10

IgbertSponk - your lack of attention to details has been pitifully evident for a long time.

[igbertsponk] 10/3/2016 15:56

I long ago gave up giving a monkeys about what BTCustomer was dribbling on about.

[btcustomer] 10/3/2016 14:33

We all realised IgbertSponk had "no idea" what we were on about, a long time ago. IgbertSponk's ignorance of this company is legendary.
Why is he confessing again?

The last straightforward share issue/cash raise was the £2.1m raised on 6th November 2015. Since then, fundraising has been a complete disaster - hence the suspension.

Far from getting the £1m from a share issue that they claimed on 18th Jan (and IgbertSponk clearly swallowed that claim whole) - what they ended up with on 4th February, was a $0.5m share issue and a $0.5m loan. Not quite the same thing at all. And then the well ran dry, the investors clammed up, and no one wanted to know.

So they didn't get Tranche 3 $2.25m of their loan, because they had failed to sell shares to raise a further £2.5m

Hence - suspension on 25th February 2016. And a big cash hole.

Not that it stopped IgbertSponk ramping - between 18-27th Jan IgbertSponk thought they were getting "plenty more wonga", that the revenues were "clearly tanking up" and that the share price was "zooming ahead of the market". He was, as usual, totally wrong - his predictions were misleading, his judgement was flawed and his analysis useless.

[jhorb] 10/3/2016 12:50

Presumably Phluid Media Inc operate under US/Delaware law? Under that, are directors criminally liable for trading whilst insolvent?

[btcustomer] 10/3/2016 09:27

A gentle reminder of the consistently low standard of IgbertSponk's fact-free misleading rubbish...

IgbertSponk - 27 Jan 2016 - 14:55:22 - 50939 of 51191
Revenues clearly tanking up exponentially as less and less cash needed each time they raise some. And each time it lasts longer and longer.


IgbertSponk - 18 Jan 2016 - 14:58:49 - 50852 of 51192
Zooming ahead of the market again I see.


IgbertSponk - 18 Jan 2016 - 07:18:42 - 50842 of 51192
Great trading update and plenty more wonga. Onwards!
(that was the one where the money never arrived, and which led eventually to the suspension)
There are plenty more misleading posts getting it profoundly wrong, from the same poster. If you followed his lead, and now are sitting on suspended shares - take it up with him (and ADVFN).

Compare the above fictional lalaland selection with the reality-based News page

18th Jan 2016 the fundraise that never was...

1st Feb 2016 - the scrabble for emergency cash

4th Feb 2016 - the Meditor arm-lock and that elusive "tranche 3".

25th Feb 2016 - the admission of fund-raising failure - suspension


Meanwhile we await news of the administration/bankruptcy/compulsory windup/pre-pack of the company - although there isn't really anything for anyone to buy, owing to the lack of intellectual property that any future owner could exploit.

Are PhluidMedia Inc still trading?
Are they solvent?
Continuing to trade while a company's directors know that a company is INsolvent is a criminal offence.

[pingusp] 10/3/2016 09:12

Which hugger would that be Iggy. Which one are you implying geing is paid by Google ?
You're getting very repetitive with your unsubstantiated allegations against posters you're afraid to name bcause that would be libel. Nothing to add about Phorm, no relevant information, that sort of thing?

[igbertsponk] 10/3/2016 08:41

I see the huggers missed posting on 9th March. Google must have stopped payment.