
Warm?
How about a glowing rod after a lonely night?
/Mines the one with the lead shielding. Yes I know its heavy hand it over
4 publicly visible posts • joined 18 Dec 2008
"When half of Phorm's board quit earlier this month, it was spun as a strategy disagreement between the US and UK operations. But now the firm's London-based UK chief executive has quit too, along with its chief beancounter."
Read as: Oh shit the merde is starting to hit the proverbial fan. Give us our money please thank you.
"UK CEO Hugo Drayton will leave Phorm "by mutual agreement" at the end of this year and continue to act as an advisor, the firm told investors this morning. He was notable prior to joining Phorm for launching the "Electronic Telegraph" at Telegraph Media Group during the 1990s."
Read as: Hell you guys were right about the shit hitting fan, where you guys swindling....erm working now? I want in.
"Giving his departing quote, Drayton said: "Whilst I am looking forward to exploring new challenges in the fast-evolving media world, I am delighted that I will continue to contribute to the dynamic, industry-changing future of Phorm.""
Read as: How can we fuck others out of their money before closing shop cause the shit is hitting the fan?
"Drayton's "UK CEO" title has been replaced with a "deputy CEO" role, reporting to global Phorm CEO Kent Ertugrul. The new job has been taken by Nan Richards, a former Time Warner executive."
Read as: Lackey
"Also off today is Lynne Millar, who has resigned as Phorm's chief financial officer. She gave no gushing farewell quote. Millar has been replaced "on an interim basis" by Andrew Croxson, a telecoms consultant."
Read as: For my farewell I want to thank those who made me rich. Now wheres the liferaft off this sinking ship?
"As we've noted before, Phorm's most immediate problems are lack of revenue and rapidly dwindling cash reserves. Ertugrul said: "I am confident that we have the right talent at both the board and executive level to deliver on the huge potential of our technology and the business opportunity that lies ahead."
Read as: Oh shit we have no cash left, we're fucked, lets get out of here before the Po-po come.
""I believe that we are now uniquely placed to lead the introduction of privacy-assured behavioural advertising across the whole of the internet.""
Read as: HAHAHAHAHAHAHAHAHAH thanks for making us stinking rich for nothing.
"BT's third trial of Phorm's system ended on December 10. It said it plans to proceed to a full rollout across its retail broadband network next year."
Read as: Hell we paid for it we might as well use it now since we just got boned.
I may be from the states but I feel for you guys over there. Sorry for the long post but felt the clarification was needed.