Dan da Dan's musings...3 Nov 2021 11:38
Online Blockchain (LON: OBC) are a UK listed company. At time of writing, they have a 'measley' market capitalisation (MC) of circa Β£5.5M. They are massively undervalued and I'll explain why. Their MC should be at the very least Β£25M/Β£30M. OBC are debt free, cash in hand of Β£1.5M and currently hold circa Β£3,000,000 of their sister company's (ADVFN) stock. For those that don't know, ADVFN is one of the worlds largest financial & crypto data portals. The reason/s they're flying under the DeFi radar is quite simple. The Board are 'Camera Shy' that is to say they don't openly court attention via highly expensive marketing, possibly due to malicious actors/hackers that are notorious in the sector or fear of the 'wrath' from centralised financial institutions. Savvy crypto traders know all about the hackers out there and big corporations trying to keep the lid on DeFi.