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Phorm Tick Tock Tick Tock – is this week of D-Day? That is D for Death.

Tom Winnifrith
Tuesday 12 August 2014

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?

Phorm raised the cash on 31 March when the gas tank was already running on vapours. Feels associated with the placing will have left Phorm picking up £9.5 million.

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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