Phorm Corp Share Discussion Threads

[igbertsponk] 18/3/2016 16:56

Yes, quite agree. BTCustomer and cohorts should be sacked.

[btcustomer] 18/3/2016 16:33

There still seems to be a problem with recidivist ignorant misleading trolls ramping this company and making unsubstantiated cowardly allegations about Google astroturfing.

A surplus of trolls, but a dearth of revenues.
Sack the trolls, and focus on earning commercial revenue with legal business that doesn't attract the attention of comms and privacy regulators?
There's an idea!

[igbertsponk] 18/3/2016 12:31

Guess there comes a point where it is cheaper for Google etc to buy Phorm than it would be to finance the huggers.

[bluecar1] 18/3/2016 11:53

still no sign of a phoenix style revival of phorm,

shares still suspended,

no sign of revenues

publically available webstats for phorm / phluidmedia sites show they are still in decline

so why throw more good money from your clients after all the burned cash that has produced only a minor fraction of 1% in revenues (note very little of the cash invested has been investors own cash, most is from fund managers playing roulette with client funds in the aim casino)

[btcustomer] 17/3/2016 14:44

No sooner do I mention "ignorant misleading trolls" than up pops Igbert Sponk in the next post!

[igbertsponk] 17/3/2016 13:54

Exactly what business is it of yours what the revenues are BTCustomer ?
None.

I suspect the Companies House mob are still laughing at your letter.

[btcustomer] 17/3/2016 13:40

Anyone know what the revenues are?

Basic kindergarten-level commercial economics - if you have already raised $400m from loans and share issues, and you are in debt, and you have cash shortages, and you fail to earn money, you can't pay back the loans, and it becomes increasingly difficult/impossible to finance "general operations".

Phorm have been failing to generate revenue for over a decade. It's not sustainable, and loans and share issues are NOT a route out of that dead end. Only raising revenues is a route to profitability. And 8m roubles doesn't cut the mustard. Nor did the peanuts they raised in Brazil.

So - where is the evidence that Phorm/Phluid Media/iMarker can raise more in commercial revenues than they are spending in servicing their debts, paying salaries and emoluments, rents, expenses and any fines that come their way?

Our ignorant misleading trolls can waffle all they like - without evidence of improved revenues, Phorm is on a one way street to bankruptcy/administration/pre-pack.

Shares currently suspended - three weeks now.

I wonder how the Companies Investigation branch of Companies House are getting on with their examination of Phluid Media Inc. finances, to make sure they are still solvent?

[sparky87] 17/3/2016 12:09

Unsecured loan, what happens when you miss your payment.Irrelevant.

[hamstersbrain] 17/3/2016 11:52

What happens when Wonga want the money back?

[sparky87] 17/3/2016 11:52

12bn.I think not.I await suspension to be lifted.Happy days ahead.

[andy pipkin] 17/3/2016 11:39

jeffwee

Your lack of a brain never ceases to amaze me.

[btcustomer] 17/3/2016 11:38

All I can hear is (yet again) - "the (complex but advanced, although currently suspended) jam is coming TOMORROW - or maybe the day after - or possibly later than that (but definitely NOT on April 1st - we didn't mean that - can't think why we wrote April 1st - how FOOLISH of us).

So no change then - still in the "jam tomorrow" business. Or was it the "unlocking the (suspended) value (tomorrow or later) business"?

Anyone heard any news about REVENUES? They seem to have got rather submerged under all this loan note hoo hah. Are Phorm still TRADING? Are they solvent? Are Phluid Media solvent? Where are the super heroes nowadays? How's Russia/iMarker doing?

[12bn] 17/3/2016 11:09

ROFLOL at Andy Pipkin,it is your money that has been laid to 'rest'! It is dead money,deceased,is no more,etc. It couldn't have happened to a more deserving chap! :)

[andy pipkin] 17/3/2016 11:04

I wouldnt want to be short of this when it returns from its rest.

[igbertsponk] 17/3/2016 10:56

Yup - one hears a major refinancing underway to take this forward. Hold onto your hats !

[lefty guy] 17/3/2016 09:39

As per the man's twitter feed....

Michael Bigger ‏@biggercapital · 20 hrs20 hours ago
$PHRM.L PR So many complex parts to this deal with other counterparties (not visible). I like the word "advanced" [...] …

[btcustomer] 16/3/2016 17:17

I see Phorm are still unable to publish accurate announcements. New board still messing those up like the old board then?

Compare Mr Bigger's £350k / $500k loan with their monthly cash burn and their most recent published cash figures, and it looks like the "value" of Phorm is still firmly locked away.

The significant thing is that Bigger is no longer buying shares (thus getting nothing when the company folds) but making loans (so at least he becomes a creditor when the company folds).

Now - about those revenues...? Anyone know how much Phorm earned in Q4 2015? And in Jan/Feb 2016? My guess is that they earned pretty much zilch. Hence the current chaos.

By the way - someone let me know when the company is worth over £1bn.

The Company may, at any time prior to the Maturity Date, redeem all Loan Notes outstanding (including accrued interest thereon) in cash, by serving written notice on the Loan Note holders at such time, provided that the Ordinary Shares shall have traded on AIM at a volume weighted average price per Ordinary Share in excess of GBP1 per Ordinary Share, on each business day in a period of 10 consecutive business days immediately preceding the date on which notice was given to the Loan Note holders.

[pseudopwr] 16/3/2016 16:23

Is 'unsecured loan' a technical term for spenders?

[sparky87] 16/3/2016 12:52

No you read it.I'm right.

[bluecar1] 16/3/2016 12:46

Sparky, read the update, Mr bigger only put in $350k

So question is, did they need that cash to pay bills to prevent services being turned off, wages, etc?

[sparky87] 16/3/2016 11:18

Obviously Mr Bigger is confident they have a glowing future, why would you throw away $500,000 on a unsecured loan otherwise.

[felixcatuk] 16/3/2016 10:55

Oh yes, very much so.

"The Company remains in advanced discussions with certain of its shareholders and other parties regarding potential additional funding, which is required to be secured before the Company can seek for the suspension of its Ordinary Shares from trading on AIM to be lifted. There can be no guarantee that such discussions will result in any additional funds being raised. A further announcement will be made in due course as appropriate."

So an extra qualification to due course? We will get a futher announcement globally, on a quarterly basis, going forward, in due course, but only 'as appropriate'.

I guess period of suspension will end when the gibbet falls over.

[rigmarole] 16/3/2016 10:45

Are the shares still suspended?

[btcustomer] 16/3/2016 09:33

$500k - now how much of the existing cash deficit will that account for? Not very much, given their rate of cash burn and the mess their cash balances were in on 25th February.

Bigger still hunting for that "key" to "unlock the value". It looks like the key is well hidden.

Now - those revenue figures were...?

[igbertsponk] 16/3/2016 07:58

Huggers celebrate as Google reopen the payroll