Member Info for Hardy78

Can’t see 40p holding after that RNS

What OBC have previously achieved; developed a cryptocurrency called PlusOne Coin which can only be used at their sister company ADVFN. No commercial potential revealed. What OBC are developing; a cryptocurrency called Brazio which will be rolled out to the Brazil portal of their sister company ADVFN. No commercial potential revealed. Absolute dog of a company!

Another RNS which doesn’t actually say anything. What an absolute joke of a company!

IG told me it had been escalated after I said I intended to close my account once the issue had been resolved. It�s a threat that can only be used once, but at least it resulted in some movement this time round!

Latest response from IG. Slight progress; �We are chasing our broker continuously and our broker is in touch with the registrar to get the receipt of statements. Unfortunately, we are not able to provide you a timescale on this issue. To let you know, we are handling this case with high importance and has been escalated to the top level. I believe this will be resolved shortly and our corporate actions team will be sending an email with the updates and timescale very shortly.�

Just wait until the shorts close

Elegance - you’ve got the wells the wrong way round, it’s VOBM1 which is being sidetracked. One thing which the RNS is missing is what the plan is regarding VOBM5 and the water...

TW is a known shorter though

sxxswe - judging by NWF's quarterly update which was released at the end of April (https://hotcopper.com.au/threads/ann-quarterly-activities-and-cashflow-reports-march-2018.4162858/#.WxP3lFZKjMI), it looks like the next couple of months might be a news rich period. Let's not forget that the Tongo and Tonguma-Panguma licenses which Stellar sold to NWF are just one of three projects the company are working on which were funded by the recent Open Offer and Placing, so i'd say that it's definitely worth holding for news in these.

In my latest e-mail to IG I asked if there was a specific bureaucratic/technical reason for the delay, which they chose to skirt around. I shall keep pressing for a proper answer!

Could be a whole multitude of reasons why they are selling, though I'd say releasing capital/cashflow would be the most likely reason. As you say, selling that volume at that price would have resulted in quite a loss. It'd explain why the Bid/Ask was so volatile throughout the day yesterday too. Hopefully, the SP will start to act more predictably moving forward towards the DFS. GLA...

Just heard back from IG and got virtually a carbon copy response to what superjim was told. Are the share certs being shipped over from Oz on the slow boat?!?

From what I can tell, the printed spread of 0.16-0.195 is a false one as the lowest trade was 0.175. It�d be interesting to know what the anticipated news flow at NWF is going to be though.

When BMD and Steffy start pumping it again, the placing will probably occur a week or so later

And yet the B.B. is a ghost town!

Another day in paradise in OBC land. No news, no ideas more like...

I�m a bit p1ssed off with IG to be honest. The long stop date is the 31st May, so why it�s now �sometime� in June is a mystery. The fact they aren�t responding to the emails I sent last week isn�t helping either! At least the NWF SP is holding up and the technical indicators are starting to turn to the positive. GLA

IG aren�t responding to my emails now, lolz

Looks like only approx 50k shares left before you need to start paying a premium for them

Looks like only MM has shares below 8p, the rest are sat at 9.24p for any amount. Looking good from these levels. GLA