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I usually take issue with ramping, but this board has been so dead for months it's a welcome change :-)
BUY BUY BUY, don't miss the boat etc etc
100% 200% 300% Take over ...yadda yadda
Clem and Dan are pretty tight so whispers re OBC, ADVFN usually come true ;-)
It is a family business after all - Clem runs ADVFN, and his boys run OBC
The argument can be made, that ADVFN is waaaaaay undervalued
It looks like this has some way to run -
It was a Brokerman Dan Article, credit is all his guys. I just copied and pasted.
I missed 2015 and was kicking myself, not missing out this time :-)
That is a good bit of info Legendgerry - thanks for posting.
I noticed the Israeli details in the RNS, but your info puts it bang into context.
Appreciate the heads up and the background Legendgerry.
I'm a shareholder in OBC rather than AFN but have noted the relationship and corresponding rise there today
Today’s TR1 from ADVFN ex Director Mr. Yair Tauman confirms that the Israeli group that tried to take control of ADVFN in 2015 are back with a vengeance. Yair Tauman has declared an increase in holdings from 9.44% to 18.31%
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, 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.
At one point requistioners were contacting ADVFN private shareholders trying to buy their holdings, requisitions were launched, the FCA became embroiled and eventually the battle for the Company was quelled as the custodians acting for the group; Bank of New York (Nominees) and Bank of New York Mellon decided not to proceed with its requisition for a general meeting, they advised their clients that they had gone about the takeover the wrong way, breaching numerous FCA/SEC regs. Ergo the plug was pulled. Victory, Clem Chambers. The SP at the height of the requisition went over 150p.
What wasn’t known at the time was that this group had 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, being sold for a whopping £946M to Nasper.
o the history here looks like a re-run of the 2015 takeover of ADVFN.
You can expect that todays news will be followed by more increases in SP and declared holdings with a requisition for a General Meeting. This could hit £2/£3 over the coming weeks/months as either party look to secure victory..
I'd really appreciate if anyone has any figured as to how the revenue figures are broken down between subscriptions, advertising and company media, have been searching for days and could only find the number of users subscribed to the site without any mention of how many are paying for data.
Following the company’s recent fundraising, Clem Chambers, CEO of Online Blockchain, will be signposting the next steps for the company, explaining how investors can gain exposure to the crypto, blockchain and DeFi markets (minus the volatility) and will be taking questions.
Investors can register to attend the free event on Tuesday, February 23rd, 2021 5:00 PM – 6:00 PM GMT using the following link: https://attendee.gotowebinar.com/register/8513506852273464334
they have banned me on one free bb
Perhaps due to relationship with Online Blockchain-see their (OB’s) last results
Why has this risen today?
Transpires my association as a contributor with ADVFN was 19 years.
Can’t get on either
Some months ago I raised complaint of cyber bullying targetted with ADVFN and issued a Data Subject Access request. Despite having been a contributor for many years (roughly 10 - perhaps more) and a paying one for much of that time, my account was locked.
Erogenous Jones has now been permanently banned from that site.
As a company it seems to be going down a path of self destruction that began with trying to emulate Facetwit with likes and dislikes and then through endorsement of crypto-currency. With the central competence as the go-to resource for charts, news and data feeds constantly breaking, the need to accept or deny cookies an an almost weekly basis, it is hardly surprising that the share price is at current level. The consequence is that as a reliable source for core intelligence paying users are gradually either downgrading their premium or, as happenned to me with a complaint, are kicked out.
Oh and I remained fully invested during the nosedive in March 2020 and my portfolio has recovered those losses. Individual shares have performed differently with some still in the doldrums but others have sparkled.
In today’s special Easter episode of #FinancialFox, we talk to investment veteran Clem Chambers, CEO of ADVFN and author of '101 Ways to Pick Stock Market Winners', about the current situation of the stock market and the underlying opportunities connected with the crash. Investors are asking: have we reached the bottom? Is it the time to go back into the market yet?
Clem thinks so, but it can be risky and the moves should be careful.
As we settle in a new lifestyle, markets have been slowly reacting still in an unusual highly volatile mood. Clem says that he is back in the market already (50% in) and that the current scenario allowed him to get stocks which were not possible to be purchased before. But, investors must be careful. It is a risky game to play as there are too many variables at the moment.
It is still unclear the full depth of the crisis and it will take time for consumption and services to go back to normal. It is possible that the bear market could last a couple years, Clem says, depending on things play out in the next months. But now, it is definitely a great time to research, watch and make your call.
https://youtu.be/WOhwFzL2pvQ
just want ask if ADVFN has crashed this morning ??
IG works out about 7 pound a month Level 2.
Had an account years and if you do plenty of deals then level 2 is free I believe.
ig
He only bought 1,500,000 out of 25m in issue. Cheap as chips! ;)
https://uk.advfn.com/forum/profile/tauman
24 June 2005
https://uk.advfn.com/forum/profile/yair
7 Aug 2003
Big discounts please! I did think MAm email tonight was poor.....
I am waiting for all the offers.....
Yes, I am with MAM so now I'm looking for a new L2 provider. LSE? ADVFN? or any other suggestions?
announced today. A real shame. "New" shares sites wont offer L2 or even streaming prices.....no good for traders. So I guess AFN will attract a lot of new paying PI's. Probably why the price rallied