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Category: DeFI

  • 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

    x

     

     

     

  • Online Blockchain Coming Onto The Radar. Potential Huge Gains…. BUY!

    Online Blockchain Coming Onto The Radar. Potential Huge Gains…. BUY!

    If you don’t understand Blockchain, Defi, or Crypto Currency then stop reading, log off. This article is aimed at the global crypto community. Oil & Gas, Bio, Pharmaceutical & Mining Traders/Investors look away now. It’s not for you.

    If you have an understanding (Even cursory) of Decentralized Finance and the huge potential the ever growing space is taking up in financial markets then carry on. 

    Online Blockchain (LON: OBC) are a UK listed company. At time of writing, they have a ‘measley’ market capitalisation (MC) of circa £5.5M. They are massively undervalued and I’ll explain why. Their MC should be at the very least £25M/£30M. OBC are debt free, cash in hand of  £1.5M and currently hold circa £3,000,000 of their sister company’s (ADVFN) stock. For those that don’t know, ADVFN is one of the worlds largest financial & crypto data portals. The reason/s they’re flying under the DeFi radar is quite simple. The Board are ‘Camera Shy’ that is to say they don’t openly court attention via highly expensive marketing, possibly due to malicious actors/hackers that are notorious in the sector or fear of the ‘wrath’ from centralised financial institutions. Savvy crypto traders know all about the hackers out there and big corporations trying to keep the lid on DeFi.

    Umbria Network

    For those reading that don’t know what the Umbria Network is, the simplest description is thus. The Umbria Network is an open source Protocol offering DeFi products and services, one is a ‘crosschain bridge’ known as the ‘Narni Bridge’ that allows the transfer of tokens from one chain to another chain, for example  from Ethereum to the Polygon chain. The Umbria Network bridge (named after a famous Italian bridge in Umbria) is the fastest and most price competitive in the market. Where the The Narni Bridge excels is speed and its ‘peppercorn cost‘. Instead of waiting hours for a transaction to be completed the Bridge takes 1 or 2 minutes at most, at a fraction of the cost. When crypto traders provide liquidity to the Narni Bridge they earn, on assets, very attractive APY, Annual Percentage Yields

     

    Kickers

    Now here’s one of the many potential ‘kickers’ for the OBC SP. Sources indicate that OBCs Umbria Narni Bridge will soon integrate with Binance smart chain. Binance are one of the global leading crypto exchanges. This is huge and will open up the Narni Bridge to millions of Crytpto traders. The footprint of the Binance smart chain and Binance itself is global. *To note Umbria is one of the many projects Online Blockchain are working on*. At present the Umbria Network has a fully diluted market capital of just over $14,000,000. (The OBC MC is £5.5M) there’s a big disconnect in the market none of the current value of Umbria is reflected in the OBC value and the value of Umbria will almost certainly continue to rise in excess of $50,000,000. What’s also not known in the Crypto community is that OBC are rumoured to be in talks with Coinbase. What those ‘talks’ are isn’t known. But talks they are in…..

    The Defi market is currently valued at $80,000,000,000 and is projected to grow by 10 times next year to $800,000,000,000. Business Insider

    Online Blockchain are quietly growing, they now have an office in Gibraltar, which is one of the global Crypto/DeFi hubs. They’re fully cashed up, debt free, very few shares in issue, trading well below intrinsic value and operate in a sector that is prone to huge rises. How high could they go? £1,50, £2, £3, £4? Who knows? The recipe for a monumental share price rise is there. It’s already happened once and it’ll happen again. It could easily fly up 300% 400% 200% once the news starts to drop and crypto traders zero in….

    Don’t go mad keep it small well worth a couple of hundred quid punt.

     

    Viva

     

    Dan

     

     

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