Member Info for Bennster

very low volume getting this to drag down - agree this may offer an opportunity shortly.
Volatility from trading was always expected after the spike that started 2 weeks ago

When you look at the revenue streams and various company dealings - then I look at share price history - I can't help feeling the share price is wrong and either the market or I am missing something?
I appreciate COVID has given this a royal kicking but it's at a very low m/c with a low free float as well if DC and his good lady own 25% themselves..
I've been in for a month or so and am a little bit underwater as a result but I'm sticking around here.

I think that does sum it up Atlantic!
For me "intrinsic" value feels more like the market cap/share value if the company wound up today. In that case, I'd say we are about right.
The bit nobody can measure is the future economic benefit coming from the Narni Bridge. The diluted value of Umbria is quoted by BMD at $14M, but a month ago I think it was about $5M - who knows where that will go - what value will Polygon linkup bring - or indeed if and when Binance links come online and what that will bring.
This is why the share is so volatile, why other similar shares like BLU, GST and QBT are also bouncing up and down. It will attract traders, pumpers and dumpers - can't help that.
My long term view is that Crypto is here to stay and even if I haven't got ARB size golden tickets I'll see a much better return here long term than in other sectors. But that's just me.

fair play to you Stu - didn't mean to be mean, if you know what I mean.....

You were always straight with your opinion - I guess I got a bit fed up with the dribble though :-)
I hope you still have some to enjoy today?

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Did I ever mention the low free float is our friend? :-)

Bit of balance needed - as with so many things in life.
I have no doubt that this call to buy is a short term pump, and there may be some volatility now.
However, the fundamentals are factually correct - OBC do own £3M of ADVFN's shares (nearly 17% of ADVFN) and they do have free cash of £1.5M with no debt.
That means the backstop M/C for OBC should be £4.5M if they have absolutely no commercial value anywhere else! That means the book value alone is 32p.
If the involvement in Umbria is worth only a tiny share of the $14M diluted value then 50p is a reasonable price.
If there are any other irons in the fire - like Narni Bridge going into Binance, then more is due.
If you factor in the growth possible in the Crypto space, then you could justify a higher price long term.

Gotcha - cheers Chumba.

sorry still none the wiser

who or what is BMD?

Thanks

Hi Polkadot

apologies for being out of touch - who or what is BMD?

Where's that weak "Mr Dribbles" appendage when you need a good laugh?
Wonder if he's busy desperately trying to cover his shorts :-)

Get your goggles on gents! Liftoff.
Just getting quoted 56p to sell

It's better than public screams to sell, but forgive me for not losing sleep over British bull.....
Ethereum yearend forecasts range now between $5k and $8k with some long term forecasts suggesting Ethereum could ten bag in a couple of years.
Given the move into crypto and the Ethereum links here that's what gets me excited.

That low free float continues to be our friend, but the biggest friend at the moment will be the headlines showing BTC at highs, but Ethereum stealing the show - after all the Umbria work and the Narni Bridge are Ethereum centric....

It has been said before, but worth repeating: there is a ridiculously low free float here. It only takes a small interest for the marginal free float to move this fast (as before).
To put it into context, the whole m/c is only about £6M

Had the chance to watch some Bloomberg news yesterday - interested to see the head of strategy at one of the biggest US banks talking on the show about recruiting a crypto lead, not because of bitcoin value, but because of the realisation around DeFi, the use of NFT's and internet 2.0 - this is the medium of exchange that can drive wealth management away from governments and current financial systems. She spoke about needing to shape the regulatory future so this becomes mainstream.
There's no guarantee that OBC's Narni bridge will become the next VISA, but that is what it is aspiring to do for cryptocurrency and why the liquidity is rising sharply.
For me the real step change is if our little band can get the mainstream commercial link - use the London listing to legitimise crypto transactions in partnership with a name people recognise on the high street.

BTC price movements are putting the wind into the sails here Dubjon, the trick now is for the Narni bridge and NFT work to capitalise... good recover in the SP so far.

I have the same warm happy feeling this morning Pymmy. That magic 4 at the start of the share price means green....

oh if only I had a penny for every post like this....

One day this will rise properly, but not until there's some concrete news with concrete £££

That's a bit harsh.
The poor lad had probably just come out of the garage after a few spliffs. Did he have any pizza stuck to his front?