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Results: OBC

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Online Blockchain – the fecking nerve of Clem Chambers & some crap results

Words almost fail me. In writing his excuses for another abysmal year at Online Blockchain (OBC), Clem Chambers starts by banging on about ADVFN (AFN) which Online bled dry with bogus charges when Chambers also ran ADVFN and where Online holds a 17% stake. Chambers knows who is to blame for matters at ADVFN. Not him for 20 years of relatives on the payroll, obscene expense claims and grossly inflated pay for him and his mates. Oh no…. Chambers says:

Online Blockchain – schoolboy error in joke accounts: a restatement will be needed, guess which Nomad signed off this boo boo?

I need to write this quickly so as not to interrupt the luncheon plans of Mr Roland “Fatty” Cornish, Nomad to this fine company. I would imagine that the start of Advent or the anniversary of the birth of Winston Churchill or the fact that it is Wednesday will be seen as good reason for a celebratory seven course meal starting as soon as Fatty has finished his elevenses. And so to rush. Fatty, you and your client Online Blockchain (OBC), the bastard parent of ADVFN (AFN) have goofed with final results today and those results will have to be re-stated. That is, if you care about accounting rules as much as you care about your reputation as the City's greatest gourmand.


Prize contest: Keeping it in the family at Online Blockchain

If Clem Chambers manages to keep his job as boss of ADVFN (AFN) as Israeli brainbox Yair Tauman plans a boardroom clean out, it will only be because AIM dog Online Blockchain (OBC) owns 18% of ADVFN. And who runs Online? Er…Clem Chambers. Today, Online, which celebrates its 25th birthday next week having racked up more than £5.5 million in losses and has less chance of making a profit than I have of shagging Cheryl Cole, for this week at least, has news. Wait for it…

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