I'd get hung, drawn and quartered if I tried to post this on the advfn website
...Clem Chambers is a sensitive soul!

SUNDAY TIMES December 7, 2008

It has been a turbulent year for On-Line plc, a small investment firm worth 1m. It owns stakes in financial websites ADVFN and All IPO and its shares have tumbled 54% in 12 months.

In a bear market, such a performance does not make On-Line unusual. However, its latest method for motivating staff through incentive schemes that offer them share options is more out of the ordinary.

Because of the collapsing stock market, On-Lines board has repriced 1.39m outstanding share options, some dating back to 2003. Instead of having to see the companys stock rise to 22p, 46p or 25p - the old striking prices of the options - in order to cash in, five senior employees, who dont draw a salary directly from On-Line, only have to help push the share price beyond 20p.

If a director holds options set above the going share price he is said to be under water. Resetting the options at a reduced price can bring him or her back in the money.

The On-Line board felt the company needed to kick itself into gear and wanted the directors to really get going, said Clem Chambers, ADVFNs chief executive and one of the five beneficiaries.

Considering that Blockchain is possibly one of the most-important technologies to emerge this Century, it all seems to be very quiet here.
Maybe ONL really doesn't have as much of a hold on this as they tell us, but then I wonder what they've been doing, after investing about a third of their money in that well-known "share-company" - if the Directors have been waiting for "something to turn up" - it might make some believe they are being overpaid for snoozing too hard.
I'm quite unsure what this company offers anyone else who might want to use the technology.... which ( DYOR ) is manipulating blocks of digits.... so they can't be corrupted. Very noble, except what can be done..... Bearing in mind we have computers/AI . . . there lies the possibility that the AI might want to pull the wool over its creators ( er, just for "fun" - or whatever AI might gain "pleasure/reward" from. The result being that the whole system is destroyed, except the bits that AI can control . . . and "we-humans" can do nothing about it. This might, for example, mean that every transaction has a "Tax" of 10% but no-one knows who is the beneficiary.... maybe no-one which is rather confusing.

The Q. in my mind is why would anyone want to buy into this outfit, with so much (see above?) negativity, in terms of past performance and future risks..... The PE ratio is horrible, even at these sp levels... and despite having oodles of cash ( do they. still?), there is zippo dividend for those brave enough to believe in Internet future - a case in point, but not connected, is ASOS. . . . which has gone stratospheric, despite my lack of understands exactly why.
ONL sp 38p & PE=172.
EDIT(14Nov2017)- Thought I'd get a copy of the Annual Report to read at my leisure
-but it seems the company doesn't do them, as their telephone redirects to ADFN Offices and they "...don't send out company reports.."
I'm far from impressed. along with their boast of 17% investment in ADFN... Er, what else are they doing, I wondered? Now, I don't think this is an investment for me.
EDIT (29Nov2017) sp drops 10%, now 75p
EDIT (4Dec2017)-sp 64p -Looks like the cat is out'bag . . . expect low pence soon?

Top sticky thread on advfn from yesterday.

PlusOneCoin is a Blockchain product developed by Online and today we are launching the initial experimental version.
Initially this as an educational product for ADVFN’ers, a way they can play with a kind of Bitcoin in a safe and risk free environment.
Plusonecoin is a fully function Blockchain based around a fork of the Bitcoin code. It uses a ASIC resistant algo. This Blockchain like all Blockchain, is owned and controlled by no one and is everyones sandbox to play in.

...

This coin and its Blockchain will be the backbone of applications developed by Online, ADVFN and other parties and its initial application is an educational one to educate the ADVFN user base in how Cryptocurrecies and Blockchains work.

Happy mining.

Have fun,

Clem


I don't get it. So, anyone can create these new currencies...

Well, with Bit-Coin having risen from not much to "...$More than anyone could dream" it appears so, and still folks are buying these expensive Dutch bulbs ( Oh dear, it's Yankee-COINS).... Still, if a Bubble looks, smells and.... steer away! I read in the Press recently that WB had suggested back in 2008+ ( when this COIN started ), that is was an illusion . . . but the Reported also suggested our £'s are similar if taken on face-value.... Not being allied to actual Gold ( which itself isn't really "worth" anything-much!).....since QE has devalued our currency-figures, yet we all have the "Same" savings.... that too is an illusion.... he suggested.... I just hope these trousers are seen by Others as I see them....
The technology Blockchain - is interesting as it appears (so-far) no-one has managed to unravel it for the purposes of Fraud.... but that would be the clever thing, wouldn't it? -
=Create a fraud that no-one can see. After all, "Who" would know? When you buy a BitCoin ( or other respected offers ), how do you know you hold it? THAT might be an illusion also. Barge-Poles methinks.
EDIT (13Dec2017)- sp up 50% to 90p.... Wow! someone thinks it's worth it.