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https://appdevelopermagazine.com/nft-and-defi-support-from-umbria-network/
https://twitter.com/networkumbria/status/1493531878380474370?s=21
Another partnership
$UMBR token at all time high hitting $7
Yes, looking very good.
Just wish OBC would respond to it...
Coinbase effect? Their Superbowl ad has sent them stratospheric in the last couple of days.
Can we get our noses in this bag soon?
UMBR nudging $8
Umbria market cap over $40m, still OBC unmoved.
Unreal!
All we need is that RNS highlighting the material revaluation in cash/cash equivalent reserves.....
With UMBR now many times where it was at last year end if OBC hold any then that's a material revaluation.
Should be at least double current sp, imho.
Maybe they are waiting until the advfn business is over?
AFN are back off the market - I reckon the board room wrangles will drag on for a while yet.....
It certainly looks that way.
Saw the rns about it a week or so ago..
Strange business..
I refer to the last RNS's on financial performance and balance sheet with the following conclusions - I am genuinely reaching out to anyone who can comment to amend or update:
1st December 2021
Holding of AFN = 17.64% which at time of posting = £3.21M @ 74p a share
Ongoing AFN Dividend policy at 6 monthly intervals = 1.5p per share annual = £65k
Holding UMBR at 1,000,000 units (understood at 10% from Chambers comms @ $7.75 = £5.69M
Forget any other cash reserves or other incomes - just forget the Narni bridge etc.
There are almost other debt or debtors according to the balance sheet, that was a total of = £31k
The base NBV of OBC is therefore £8.934M - with zero net income from now on.
We are sat tonight at 14,311,709 shares in issue @ 41p which gives a market cap of £5.868M
This means (for those who are slow on the uptake) the market cap here is £millions below the net book value. No need to expect a penny more of income.....
Go figure.
Great summary Bannister..
Today looks like a good chance for those who do see the value to top-up on the cheap.
Plus we are just above the long-term support level. Sooner or later, the value here will be recognised by the market..
Sorry - Bennster.. bloody autocorrect!
Don't worry, you can be assured I've been called a lot worse :-)
Another cheeky top-up.
Vbw
https://twitter.com/avalanche_space/status/1495342176082948102?s=21
ADVFN half yearly report, in which Clement Chambers says it might be his last year as a director. 0.75p divi announced.
https://uk.advfn.com/p.php?pid=news&symbol=L%5EAFN
https://cointelegraph.com/news/avalanche-growth-sparks-third-party-cross-chain-bridges
Great spot Delferg53 - looks like a great bit if free advertising...
Tanked real bad today though. Any ideas why?
Same as every time it moves.
BTC to USD has had a fall....
Not because there's any link here, but because we're in the "crypto basket".
PS - AFN has fallen after results end of last week and OBC's biggest balance sheet asset is a stake in AFN.
https://twitter.com/devbarnyard/status/1496143759351992323?s=21
First Fantom transaction on the bridge today.