UK 15:21 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Working out how quickly Phorm (PHRM) will have pissed away the £10 million it raised in March is not hard and by my sums it is out of cash at the end of the coming week. Could it be a rather less than Good Friday for shareholders in this AIM listed POS?
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Comments
BTCustomer
If I was being asked to cough up several £m cash to keeping Phorm Corporation (Singapore) Ltd. solvent, I would want cast-iron guarantees that their new Russian venture (about which they have been very quiet in public) faced no legal obstacles – firstly resulting from the apparently hostile takeover of iMarker, including full disclosure of any technical/software changes to the partner ISPs, secondly from Russian data repatriation rules stopping customer data leaving Russian federation, and thirdly, from the requirement for foreign companies to have their software source code audited by Russian gov. Without that all signed and sealed, no cash should be handed over.