In preparation for the Phorm Annual General Meeting on September 28th (update: AGM now confirmed for 2nd November), here are a few things that Kent Ertugrul, his fellow board members and Phorm shareholders might like to consider…
Let’s start off with the biggie. You know the one I mean Kent. That awkward issue that I keep harping on about. The one about the legal opinion confirming Webwise’s compliance with UK and EU law. You know, the one I’ve been challenging you about for nearly 18 months. The one you still haven’t published. I’m not going to go away Kent. Interception without a judicial warrant is illegal. There are no two ways about this. Your intended use of DPI for advertising purposes is, therefore, illegal.
Then there’s the smear campaign site. How old are you Kent? Seriously, what a waste of money. Coming up with an immature site which you could have paid a whole lot less cash to a stroppy teenage student for and achieved a far better result. Let’s not forget the changes to the site which have been logged for everyone to see at NoDPI. That hasn’t helped your reputation one bit. Even though you’ve since had the site rewritten to try and hide those pathetic smears.
That buy note from Astaire Securities was very similar to one issues by Charles Stanley Securities a year previously. Another company with a less than perfect reputation. You can tell a lot from the people and companies someone associates themselves with. Just like you can tell a lot about a person and company by the way they conduct themselves.
Then BT decided Webwise wasn’t going to work for them. TalkTalk followed suit. Hardly surprising considering the EU’s decision to take legal action against the UK “government” for their failure to enforce UK and EU privacy laws. Ah yes, those pesky laws. Phorm’s share price dropped again. I’m sure you know that it’s dropped from a high of 3560p per share in July 2007 to 160p per share yesterday. That’s £34 per share lost. In February 2008 a Phorm share stood at 3505p. Then the ISP deal story broke. At the time of writing a Phorm share will cost you 160p.
The story, the backlash and the resulting campaign has kept the story rolling and rolling and rolling on. And will keep the story rolling on and on until the law is properly enforced.
For brevity’s sake let’s not mention the attempts at spin, obfuscation and intimidation all made in the name of Phorm. Here are all my Phorm tagged entries for quick reference. I’m sure there’s plenty of stuff in there worth discussing at the AGM. And unlike certain websites I can think of, everything here is fact.
There are some misguided people out there who are saying that consumer ignorance is the cause of Phorm looking to try their “product” elsewhere.
That is complete and utter garbage.
It is Phorm’s ignorance of the law and the reaction of intelligent, informed consumers that is the reason for Phorm’s withdrawal from the UK. As well as the “government’s” complicity in allowing these mass breaches of the law to happen at all.
Phorm is a byword for arrogance, disregard for the law, failure to engage in open honest debate, pathetic smear campaigns, legal bullying and the worst attempts at spin I’ve ever seen.
There is still a reckoning to be had. That day is coming.