Member Info for Bennster

Sadly looking at the latest trades we have a holder who is using this slight rise as an opportunity to dump their shares.
I can't believe it's a profitable trade, given we're at long term historic lows.
Not everybody has a positive view on the future, which is frustrating.

Nothing silly about it - he's already sold out, then bought a closed rights issue to dilute the company (at the bargain price of 18p)
TB can and will do anything he pleases to make money. Sorry if that offends, I'm getting bored with the price manipulation here and I have to start with our own BoD.
I did well out of last year's divi, but I am waiting for the price to break 40p and let me out of here to be honest - as a LTH this has dragged it's feet for far too long.

Agreed.

I can't see L2 or other data that may inform better, but I can't see what look to be large block purchases today - this looks more like a low free float squeeze early doors which may gather a bit of its own momentum as people see the % rise.
It's always possible a group of small investors think they know something which has kicked things off?

I'm pleased to see this one green today. Always figured there was value here, I still expect further gains.
The low free float is our friend.

well done you.
You just proved that the market is totally wrong but you know better
Bravo.
Please enlighten me why the share price is 22p today when you and many others think it should be £££?

The risk that's perceived is that the assets are nationalised under a breakdown of economic relations.
That constitutes a risk - it's personal judgement how big that risk really is.

Amen.
The market is a great indicator of value and right now I don't see the city boys throwing their last shekels at EUA, equally the price seems to hold above 20p no matter what.
If this really was a multibagger any minute the price would be moving now.

Bit of a retrace from Bitcoin last week, but now recovery as we get into the Santa Claus rally territory?
We all know Bitcoin is not OBC's arena, but it always seems to move in the wind.....
ETH doing very well on its own this year of course.

Except it did in the same part of the world when he annexed Crimea and his forces "undercover" took over Luhansk and Donesk.
There is a real risk here

No worries Atlantic - I wouldn't presume to know all about the inner workings of OBC myself!
The creation of wealth through the Narni bridge is complex, but as I understand it the technology OBC have developed allows people to pool some cryptocurrency of either type in a kind of reserve - then when somebody wants to do a swap between cryptocurrency they can do so for a small fee, using the pool of resource already there.
There's a small transaction fee for OBC in each move and the providers of the liquidity get a small fee too (0.3% of transaction I think) - this is like a foreign exchange provider in fiat currency.
The true value isn't just with the Ethereum to Polygon chain at present, it's if we can link Ethereum to the Binance blockchain because then we become the cheapest means of exchange for anybody in a much wider market who wants to transfer cryptocurrencies from one to another.
The bit that floats my boat is the acceptance of cryptocurrency and NFT's across the mainstream - because if this is adopted what OBC become is a new age FOREX type of exchange and that could be ballistic.
OBC aren't the only developers of this kind of tech - some companies are looking at fiat currency to crypto, so once it's all developed we have something that is adopted worldwide and feels legitimate.

Hope that makes some sort of sense - Dubjon etc. correct me if I'm wrong.

I admit to taking a little extra position (beyond my main tranche) at 46.7p an hour ago.
I agree it's been a case of sell on news, even though there's nothing bad in it.

It's worth understanding the MM's make their money on volume of transactions not the price.
If the spread is a high % of share price then it restricts trade so the systems try to keep the spread at a reasonable level.
Every day the markets go to NT for a brief periods to ensure the automated spreads are not out of kilter. This is also NOT a MM manipulation, which I've seen people say

Hi Iceman - That's a different thing all together.
The comments I've seen are people saying their buy is showing as a sell - I'm just pointing out that the red v blue flag is auto generated based on the transaction price at the time of registration vs the spread at that time. If I buy a share at £1 when the bid/ask is 99p/£1.01 then the system will say "unknown"
If it's registered 30 seconds later when the bid/ask is £1/£1.02 then it's auto populated as a "sell". Ironically my trade may have upped the spread and caused that effect....

In the vast majority of cases the bid/ask is also auto generated by the computer systems based on momentum and what you see on level 2.
It's strange to believe there's a real person who spends their day tweaking the prices by hand - after all there are thousands of trades every day on thousands of shares - how many little green MM's do you think there are? :-)

Hi all,
I see this comment a lot and just want to highlight that the "Buy" or "Sell" flag is auto generated based on the spread at the time a transaction is registered. It's not added by an MM, so there's no cynical manipulation
The flag actually means nothing as technically every trade involves a buyer and a seller.

Hi Atlantic - why do you think OBC is just an investment holding company?
It's clear that the attention and effort is in launching the Narni bridge across more and more of the blockchain universe to generate "material" revenues in the future.
The accounts merely confirm that OBC have liquidity and a nice holding of the company they founded (17.5% of AFN)
This tells me that they are financially self sufficient now, so hopefully low risk of dilution. What the future brings with the Narni bridge and NFT work is what offers the growth and value for the future.

I've had a good scan through - nothing here that surprises me.
Obviously the YE date is June, so lots of the increase in AFN value and the developments in Narni Bridge are not factored in...
No liabiliites, £1.5M in the bank and still hold 17.5% of AFN
Very little revenue either, but cash covers at least 3 years of overhead, so shouldn't get diluted anytime soon on a cash call
The true value of OBC resides in the Narni bridge starting to return "material" revenues - particularly now we have confirmation it'll link to Binance shortly.
Then there's the benefits of AFN ownership - the dividend should help with any short term capital needs.

The only thing (I may have missed) is any reference to NFT progress?

Another of the Israeli group taking a hold on ADVFN. It's a hostile takeover attempt that began in May.
It's what provoked Clem to take a large option and then start paying a Divvi.
Watch the price there go up another leg, which of course would further enhance OBC's value.

ignore that - the LSE site just updated with all the trades in between!!

The trades look so odd this morning. spread of 52-55 just before 11:00 then the next trade for something like £150 at 11:33 and the spread has jumped 3p.....