Phorm: The Chinese “fund raise” – questions for the company and ex Nomad Liberum

Tom Winnifrith Friday 7 March 2014


Share this

Poor Phorm (PHRM) …it will have run out of cash within six weeks and so unless it can get away yet another fund raise it will be toast by Easter. But before we look forward to that, I have a number of questions for AIM Cessoit listed Phorm and its former Nomad Liberum about events back in 2012.  

On 1st June 2012 Phorm announced that it had managed to persuade an investor to buy 20% of it’s (yet to start up) Chinese subsidiary for £20 million. The implication was that Phorm’s retained stake was worth £80 million and as a read through its operations outside China would be worth an awful lot.

The statement reads.

Read the full article on Shareprophets | Comments
About Tom Winnifrith
Tom Winnifrith is the editor of When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
[email protected]
Read next

Thank you Shipston – a nice gesture for my Dad in these days of Coronavirus

My old father has been bed bound in a downstairs room for m any months now. In these days of Coronavirus he can only speak to his children, step children and gerandchildren on the phone. His only human contact is with a team of masked carers who give him food and drink and do an amazing job of keeping him cheerful. And thus his 82nd birthday this weekend cannot have been his best. However…

Monday 6 April 2020 Copyright © . All rights reserved.
Created by Everywhen