Chaos and uncertainty1 Nov 2017 09:24
Volatile markets are perfect for companies like AFN. There is money to be made when the markets are up and down like a *****s drawers.
Traders/investors love big swings in the financial markets, rising or falling, that’s where big money is made quickly. AFN and ONL are already benefiting from the last 12months of global and economic uncertainty and it was highlighted in the last set of results from ONL that the current economic unrest makes for lucrative business.
Bitcoin smashing through 6,000USD and the rise of crypto investing/trading is perfect if you can get in with the right product. From the website it looks like ONL have been working on blockchain technology for a while now hence only now announcing the name change. They wouldn’t have done that if they weren’t confident they are ready to launch their tech.
They’d look pretty stupid changing their name if they were still in the early development stages.
AFN is profitable, ONL is profitable, new blockchain/crypto product launch early next year and an Mcap under £4m.
There will be a fight for the few free float of an RNS drops with encouraging details of the blockchain product.
As with anything crypto, getting in early can reap massive rewards.
Screaming buy below £8m Mcap. A firm hold from then on.