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Poor Phorm: Now tell us the truth about the “scale back” in Romania, before I get Nastase on you

Tom Winnifrith
Sunday 6 July 2014

Poor Phorm (PHRM). It has woes aplenty. First up it runs out of cash and unless some sucker gives it more it will go tits up in six weeks’ time. Secondly it appears unable to tell investors the complete truth about certain of its problems, like being shut down by the regulator in Brazil as I revealed HERE a few days ago. And thirdly it sees that it is not just Brazil where it has problems with regulators.

I noted in my prior piece that whenever Phorm seems to be getting any traction at all in a territory those darned regulators just shut it down. The UK, the US, the EU, etc, etc, etc.  But there is always the same pattern of hype (pre fund-raise) and then disappointment.

Right now Turkey and China are in the hype phase. But what are the odds that the regulators will act there at some stage. Maybe the US, the UK, the whole of the EU and Brazil was just a fluke?  So let’s look at last year’s hype story …Romanian, birthplace of Mr Nastase, the coolest tennis player in history.

According to Phorm’s latest RNS:

on ShareProphets | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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