Just what in the name of jumping Jehovah is going on at On-Line Blockchain ( LON: OBC)? The reticence of the great Clem Chambers, cannot be fathomed or can it?
We know there’s news being held back on all fronts for all sorts of reasons, such as confidentiality on potential partners, Blockchain propitiatory fears, Nomad fears of yet more calls from the London Exchange on huge spikes in their SP. Fear of giving out the address of their industrial crypto mining operation some where North of London… New coin/s development with possible partners.
The whisper of a secure Blockchain network being developed for companies to locate and track their products is yet another whisper I got to hear of yesterday from a very reliable source. It looks to me like the fall in SP has been deliberate; cooled off. But eventually the heat and excitement will be reignited by a spark. And it will only take one spark to explode this SP. Which is why I hold a real hefty chunk.
Those in the know on all things Blockchain will also realise that the fall in value of Bitcoin hasn’t helped. There can be no doubt that the OBC SP is also tied to Bitcoin value. The chart above explains it rather succinctly. The OBC share-price is currently hitched to the crypto currency market. The Bitcoin price which is over-lapped with the OBC share-price is a virtual mirror of the roller-coaster but like all roller-coasters, eventually it will climb and repeat Ad-infinitum.
Lot of people are currently pissed off and in the doldrums. If trading/investing effects you to such an extent then you should sell out and invest in premium bonds. Blockchain isn’t for the faint hearted. Some of the emails pinged over to me containing the squeals of delight attacking OBC by the moronic pig squealers on twitter and London South East are about as far away from reality as Donald Trump, but no less entertaining.. Buckle up. News will be released this month.
Any thing under £1 here is terrific value, when the news starts to come and Bitcoin starts to rise then a target of £3-£5 is on the cards.
A point worth remembering here, the people who run this company have major skin in the game: C Chambers 1,529,364 shares, M Hodges 1,365,642 shares. They’re more than happy to hold which should tell you that all is going according to THEIR plan and not ours…
Viva
Dan
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