RE: Cryptocurrencies12 Oct 2018 11:32
What you've presented are arguably reasons to try and trade OBC in the hope that the SP spikes on another BMD pump rather than an investment case. However;
1. Incestuous holdings in companies run by the same people just presents to investors that the BoD like to play fast and loose
2. Incorrect - in the last interims, they still had a (small) loan outstanding.
3. Raised £1m at 100p off the back of a P&D. Apart from the £100k investment in a dodgy software company no one has heard of, no concrete information has been presented to shareholders as to how this money has been utilised
4. 8.6m shares in issue just means it's illiquid and prone to wild swings in the SP
5. Two board members own 32% of co between them - see point 4
6. 186.5p year high off the back of a P&D and then dropped to levels its at now because OBC has achieved nothing in the past year
7. New board appointment has options at 47.5p - And?
8. There are no shorts over 0.5% open on OBC
9. I think you'll find many of us have been telling people what a POS this company is for quite some time. I'm guessing we were as 'desperate' when the SP was 100p + then to now...
Regarding volumes, it might have gone up 20% on Wednesday (due to BMD/Steffy pumping away, natch), but it quickly dropped 15% yesterday.
Ride the spikes all you like, but this is not an investment case...