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Category: ADVFN

  • ADVFN SHAREHOLDER ACTION GROUP?

    ADVFN SHAREHOLDER ACTION GROUP?

    The ‘Natives’ (Shareholders) of the much maligned ADVFN are getting restless. So restless that they reached out to me last Friday 22/11/2024. That approach resulted in several Telegram group chat’s and a video meeting.

    The Tele’ group has over 40 members/shareholders who stated that they’re in contact with other small time holders and have got hold of damning information of malfeasance within ADVFN. Which I took with a pinch of salt.

    One groups ‘damning information’ usually ends up being no more than wishful thinking, as in this case claimed exorbitant Director expenses. That’s not going to fly. It was a very interesting weekend, quite funny in many ways not least that they asked me to help, formalise and draft a Requisition, ‘You know the ropes Dan on how to get the job done’. Even offered a ‘fee’ and a position within the company ‘Head of RestructurIng’ LOL!

    Their lead man/woman, whose identity and holding I have confirmed via the actual ShareHolder Register they provided, (No mean feat in itself to get hold of) came across as a decent individual. I did give them one tip. Don’t organise on ADVFN chat BBs and for fucks sake never name your source on the ‘inside’. Loose lips sink ships. Fortunately that dies with me. Lesson learnt.

    Today’s 5% drop in the SP will no doubt add fuel and more members to the Action Groups cause. But is that ’cause’ a lost cause?

    I can vouch that the Group certainly has enough stock to call a Requisition, but that’s far short of ADVFNS’ Executive, family & no doubt ‘friends’ holdings of at least 30%, so it’s an upward struggle, but there are, this is key, other ‘Malcontents’ and just over 28% of stock ‘not in public hands’. So theoretically there’s 6o% ish of votes out there. That would need a huge concerted push of a ‘clandestine nature’ to reach out and pitch your ‘Antidote’ to the current ‘Malaise’ engulfing the company and it’s share price. They certainly have the stomach for it. However traipsing round the City of London, and beyond, pressing the flesh campaigning for votes is time consuming.

    I’ll be meeting them in person next week in the City of Mammon…

     

    Stay tuned…

    Viva

    Daniel

    x

  • Shots Fired. AnewFN v ADVFN

    Shots Fired. AnewFN v ADVFN

     

    The ousted founder of ADVFN, Clem Chambers is back with a bold new venture: www.Anewfn.com The pending launch comes on the heels of significant turmoil at ADVFN, where new management has been criticized for its handling of the platform, leading to a dramatic decline in share price and business performance.

    The nosedive in ADVFN value since the change of management is eye watering. They’ve taken a profitable venture and inflicted a catastrophic drop in sales, which in turn has lead to value destruction. The share price has plummeted from over 80p reaching lows just above 10p, and currently hovers in-between 17p/18.50p. The forthcoming year-end accounts will no doubt reveal more ‘troubling figures’, Mired in expensive legal acrimony with the former BOD is in itself an indication of ‘fumbling in the dark for excuses’ it undermines faith in ADVFN’s ability to recover.

    In response to these challenges, Chambers and his team have decided to embark on a new journey by creating www.AnewFN.com This platform aims to fill the void left by ADVFN’s decline, offering innovative features with a fresh approach to financial information. The OBC team, which founded ADVFN and operated it successfully for two decades, are poised to leverage their experience to create a platform that caters specifically for the needs of private investors.

    Chambers, rumoured to now be operating out of Estonia, believes that there is a solid audience waiting to be served, with significant revenue growth opportunities. Their vision is to revolutionize the financial information landscape once again, leveling the playing field for individual investors. 

    The creation of AnewFN is a serious threat in the space that ADVFN occupies..

    Amit Tauman
    Super Computer Intelligence

    ADVFN’s new kid on the block, CEO Amit Tauman, needs to pull his ‘mathematical fingers’ out of his ‘machine learning arse’. Tauman has what I’d describe as ‘Super Computer Intelligence’. He really is Academia Illuminati, with more degrees than a compass, make no mistake the kid is a genius, however in the real world of business and finance, especially on the wild west casino that is the AIM, it’s his ability to assimilate that intelligence with the reality of the sector and business space that ADVFN inhabit that ultimately will decide its fate. Shareholders and users of ADVFN are the life blood of the company, failure to engage, specifically ‘In Person’ by the whole board is endemic. That, among much more, needs to be addressed. 

    Users have noted a lack of meaningful development on the site. Beyond some cosmetic changes, the platform has seen a decay in its features and a deterioration in the quality of service that once distinguished it in the financial sector. It appears that the new team has taken ADVFN to a new level marked by reduced functionality and a failing business model. Their investment threads are awash with rebellious complaints.

    I’ve always had a soft spot for the platform and actually was co founder of the Jekyll & Hyde tip sheet in Jan’ 2017. A quick scan of the page reveals not one change in graphics since launch. The actual video with me in it is still there, while the banner declaring me as MR Hyde is emblazoned for all to see. I am not Mr Hyde.  That’s minor, I know, but it’s indicative of the general malaise in graphics, functionality and Board engagement with their base.

    As they prepare for the launch, Chambers invites early users and shareholders to sign up for exclusive access and updates. By visiting www.anewfn.com, interested parties can leave their email addresses to stay informed about the platform’s development and participate in special offerings. I signed up 3 weeks ago. Here’s a tip from ‘retired’ Mr Hyde: If anyone from ADVFN SIGNS UP then don’t forget to change your IP and use a ‘jenk’ email.

    Additionally, the OBC team plans to rebrand itself as Online PLC, distancing from the controversial associations of blockchain technology in the UK. While they remain supporters of blockchain, their focus has shifted towards building a premier financial website that prioritizes user experience and quality service. There are ‘Rumours’ of a NOMAD sourced for AnewFN with an investor pot of up to £25M. Time will tell… But It’s going to get spicey….

    Conclusion: Chambers v Tauman

    www.Anewfn.com Could represent a potential turning point for the market. As ADVFN struggles under itsWe really are trying hard despite sales new management, can AnewFN rise to challenge and surpass it, offering an alternative fit for use and user friendly financial site for private investors? Or can Tauman finally get his Board up to speed and on message taking a grip of ADVFN, pushing the SP upwards?

    Let battle commence.

    Viva

    Dan

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  • ‘The 3 Israeli’s.  The ADVFN Takeover Is On! £4?

    ‘The 3 Israeli’s. The ADVFN Takeover Is On! £4?

    As those that follow Guerrilla Investing will know, from my scribblings, in April and May of this year I predicted that a takeover of (LON: ADVFN AFN) was on the cards, being progressed behind the scenes and funded by an Israeli group of mega wealthy corporate elites, lead by the former ADVFN Director, Professor Yair Tauman, who increased his holding from 9.44% to 18.31%.  Then enter the arena his ‘bestest’ business buddy, Israeli Mr Ron Izaki who owns and manages the IGI Group: Izaki Group Investments. IGI is one of Israel’s largest and longest-established private real estate development companies. IGI hold 4.31% of ADVFN

    Unknown to most at the time was that those behind it had attempted to take control in 2015. That attempt was eventually fought off by the present board.

    TAKEOVER

    For those that don’t know the history, it went like this. In 2015 an attempted ‘putch’ was launched, the share price went through the roof breaching £1.50p, as the group, posing as Sweet Sky Ltd and Shellhouse Ltd ‘Officially’ declared 25%, which most believed was closer to 40% through the dark arts of undeclared ‘other’ parties holding stock. i.e. An undeclared Concert Party. 

    FAST FORWARD

    Fast forward today’s TR1 from ADVFN disclosing a further 9.66% holding from yet another Israeli ‘Professor’ Dan Horsky. That brings their total declared holdings in ADVFN to 32.28% effectively swinging the Takeover Pendulum in their favour.  Make no mistake: That’s ‘a Concert Party’ which has gone over 30%. Market Rules dictate that they have to make an offer for the Company!

    In order to wrestle control away from the present board, to avoid a repetition of the costly legal dogfight that thwarted their 2015 ‘kick the doors in’ requisition the Israeli Group maybe ‘Knocking on the door‘ as you read this with an offer. That ‘offer’ will have to be at a substantial premium to the current SP of 73p. Sources indicate that £4ish per share gets them home and dry without the need for a Requisition, that would almost certainly end up in ‘legals’,. How high could the SP go over this week?£2/£3 anything is possible when you know the history….

    HISTORY

    The Israeli’s, as we say, have, ‘Got Form’ having previously taken control of a little known company called QXL, which changed its name to Tradus, which then went on to massive value rises, ultimately QXL/Tradus, was sold for a whopping £946M to Nasper.

    Horsky was born and lives in Israel. His worth is in the hundreds of millions of dollars. Collectively the group are probably worth billions Horskys’ career is a colourful one, to say the least, he’s taught and lectured the cream of Swiss banking talent, at among places, the prestigious University of Bern in Switzerland and has over 30 years as a professor of business administration, finance and banking..

     

    So there you go. It’s a takeover.

     

    Good Luck

     

    Viva

     

    Dan

     

     

  • ADVFN: Takeover Inevitable?

    ADVFN: Takeover Inevitable?

    In the wake of the ‘rumoured’, Israeli group front man, Ex ADVFN Director, Yair Taumans notification (TR1) that  doubled the holding to 18.31%.

    Can the present Board of ADVFN: (LON AFN) keep control of the company?

    That’s the question doing the rounds in the City of London as you read this. 

    Looking at the QXL history and the ‘contentious’ 2015 attempt at wrestling control of ADVFN, it’s almost certain, there will be further increases in holdings from both combatants in the fight for what the takeover group probably see as a potential lucrative cash cow that’s under-performed. After taking control of QXL , the sp was sub 1p eventually rising to a staggering £17, before the company was bought out for close to £1B, at £14+, in 2007. I’m sure the Board of ADVFN are aware of exactly who’s involved, what they hold, both declared/undeclared and who is supporting them. These are mega wealthy people and know the market inside out; Yair Tauman, is a highly respected, Professor of Economics at State University of New York, Stony Brook and the Director of the Stony Brook Centre for Game Theory.

    The conundrum is, will those currently trying to ‘kick in the front door’ cease and desist and knock on the front door? If so how will the present Board react? Rumours current are that there’s a shadowy concert party pulling the strings, through nominee accounts from as far away as USA, Israel, Cyprus, Switzerland and the Bahamas to name but 5 of the many locations I’m hearing.

    Those running the Company are duty bound, if approached via a ‘polite knock’ on the front door, to enter into negotiations. ‘Thems’ are the rules corporate and regulatory. If you’re approached then you have a duty as well as a responsibility to sit down and listen to the proposal. It’s as simple as that. Hammer out a deal. In the real world of business everyone is up for a deal. ADVFN and the Professor are no different.

    Prof’ Yair Tauman

    As it stands, I can’t see these people making the same mistakes as 2015. Both parties are corporate, business, savvy, both know that the other will not blink in a hostile takeover situation. But is that really in the best interests of shareholders?

    ADVFN could probably muster 25% to 30% of existing holders to keep control. But that would not be enough. If a requisition drops, which is by it’s very nature ‘Hostile’ then their only way of defeating the Israelis is via ‘legalese‘. As I read it, the interested party can call up or will soon be in a position to call up, over 40% of the votes…

    So, the value drivers at the moment are increased holdings TR1s from the Tauman group, as well as Director buys and option, warrant exercises by the incumbent’s. That should or could catapult the SP to between £1/£2. Of course if an RNS drops announcing ADVFN are in official takeover talks or a Requisition is RNS’d and these two are highly likely given the history. Hindsight, with a look at the meteoric QXL rise, then £4+ isn’t out of the question from a current share price of 63p. If I was either of the combatants I’d reach out officially and get in too talks. That’s the key here to it all.

    Make no mistake there’s a corporate battle being played out behind the scenes for control and the share price will rollercoaster higher.

    As always take care. Greed is the enemy.

     

    Viva

    Dan

     

     

     

     

     

     

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