UK 16:15 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.
Twenty four hours ago I asked a number of questions of Phorm (PHRM) and its ex Nomad Liberum regarding the Chinese investment promised but not delivered in 2012. News of this “investment” caused the stock to rocket allowing a placing at 125p (the shares are now 11p) but it never happened.
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Comments
wildrides
Keep up the great work uncovering ( Dick ) darsteadly deeds Tom .
The pigeon is safe for another day .
digger279
Reminds me of Meldex announcing contract wins in RNS’s and then failing to mention that deals fell through. Surely they are required by the regulators to issue an RNS as contract losses impact on the sp? Not so on AIM it would seem. Where is Meldex now…it went bust and the directors have found other troughs to bury their snouts. Hope the same doesn’t happen here but I wouldn’t bet against it when the brown stuff starts hitting the fan in earnest.
Keith
I get those as well..
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From: Market Abuse <Market.Abuse@fca.org.uk>
To: k.mallen@soondae.co.uk <k.mallen@soondae.co.uk>
Subject: Attached
Date: Fri, 28 Feb 2014 11:49:31 +0000
Thank you for contacting the FCA regarding your concerns about potential market abuse. Your concerns have been passed to the Market Conduct Team for review and we are considering the issues that you have raised. We will review the information you have provided very carefully with a view to determining whether it is appropriate to exercise any of our statutory powers in respect of market abuse.
As you will appreciate, we operate under strict confidentiality restrictions and it may not be possible to update you on any work that might be undertaken or communicate our decision to you. If we require any further information, we will contact you.
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Please note that the FCA is not conducting a formal investigation at this time but merely undertaking a review of dealings. This request and your response should be kept strictly confidential.
**
In my experience suddenly nothing happens and if you try to escalate matters they suggest you refer them to 24 Paternoster Square so they can indulge in a bit of an ‘internal review’.
Let’s assume..
“All men are created equal but some are created more equal than others.”
My point being, and the work is still appreciated, that this, and much more, was reported to the regulators by others some time ago.
Suddenly nothing happened.
Do we expect anything different this time around?