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Yea....Wait..... I have a thought. BUYOUT?
How can this spike w/o a PR or any news of any kind anywhere?
+109% AH now! Something is definitely up here.
AH Rocket ship here!
OLB
OLB Group Inc
0.6615
-0.0335 (-4.82%)
Volume: 24,944
Day Range: 0.661 - 0.70
Bid: 0.6615
Ask: 0.6979
Last Trade Time: 2:27:03 PM EDT
Total Trades: 88
I am adding down here under .70, in the high .60's. The 52-week price range is .68 - $2.50.and Aegis Capital has a Buy rating and $3.00 price target on OLB shares. Not to mention the upcoming Demint spinoff to shareholders as a stock dividend. Disappointed in the performance of these shares, but they are just too cheap and undervalued down here based on the historical share price range here.
OLB
OLB Group Inc
0.695
-0.0304 (-4.19%)
Volume: 32,899
Day Range: 0.68 - 0.757
Last Trade Time: 4:12:39 PM EDT
Up-And-Coming Payments Company Reports Expanding Focus On Underserved Communities With Significant Growth Potential
9:12 am ET May 12, 2023 (Accesswire)
NEW YORK, NY / ACCESSWIRE / May 12, 2023 / OLB Group, Inc. (NASDAQ:OLB) is a diversified payments and omnicommerce technology services provider looking to bring its "tried and true" financial offerings to underserved and financially underrepresented communities. OLB is an emerging player in the payments sector, and its business segments include eCommerce merchant services, along with a Bitcoin mining subsidiary which is expected to be spun off to OLB's shareholders in the near future.
OLB Group is expanding its suite of payments activities to also include the service of the underbanked. As of 2021, 4.5% of all households in America- around 5.9 million households - were still completely unbanked, without any bank account whatsoever. Another approximately 13% of the population is underbanked, having to rely on alternative financial services such as money orders or check cashing services to satisfy their financial needs. Traditionally, marginalized groups are the most likely to be unbanked or underbanked in the U.S., yet this demographic group is huge… and growing.
OLB Group has over 15 years of experience offering its comprehensive portfolio of financial services powered by proprietary technology. It has built out a turnkey suite of financial tools that includes payment facilitation, omnichannel commerce, logistics and customer acquisition, custom apps, crowdfunding, eCommerce software, and more.
The company deploys this technology platform to over 10,500 merchants across numerous industries. Now it is offering these services in support of traditionally underserved communities. OLB is currently working on a partnership with a distribution channel that serves over 32,000 bodegas, which may be expanded to serve over 40,000 bodegas and convenience stores. This partnership will allow the company to provide a historically underserved market with its services.
The company also plans to offer microloans to bodega owners, as an expansion of its support for the underbanked. Microlending has increased in popularity over the years as an innovative way to promote financial inclusion for more disadvantaged communities, and the global market for microlending is predicted to reach $550 billion by 2030.
Analyst Coverage And Strong Revenue Growth
OLB Group has a strong track record in the payments market, and as individuals and companies look for increasing technological integration of their financial services, the rapidly growing sector is itself poised for growth over the next decade. In 2022, the fintech/payments market was worth $160.8 billion, and it is predicted to be worth $1.09 trillion by 2032, growing at a compound annual growth rate (CAGR) of 19.8% during the forecast period.
In 2022, OLB Group reported over $30 million in revenue, almost doubling its 2021 revenue of $16.7 million. This revenue growth has been driven in part by acquisitions the company made in 2022, including a portfolio of cannabidiol (CBD) and other merchants who utilize the company's SecurePay payment gateway. The company's market cap sits at a modest $13 million (a price to Sales Ratio of less than 0.3 in a peer group where 1 to 2 times sales is more common).
This sentiment led market analyst firm Aegis Capital to issue a "Buy" rating on the stock in a recent report on the company. Aegis highlighted OLB Group's robust revenue growth and its placement within the payments sector, and assigned a 12-month target price of $3 a share, compared with its current share price of $0.78 as of writing.
A little-known shareholder value enhancer is the planned spinoff to shareholders of DMint, the company's Bitcoin mining enterprise, in the form of a stock dividend. As Bitcoin has rebounded from $16,000 to the current $28,000, the value of all Bitcoin miners has appreciated substantially-which could be reflected when DMint becomes a "pure play" separate from OLB Group.
Other companies offering integrated fintech/payment-like OLB services include the large-cap names of Shopify and Big Commerce.
Learn more about OLB Group by visiting its website.
Featured photo by rupixen.com on Unsplash.
Contact:
OLB Group Investor Relations
Rick Lutz
(212) 278-0900 Ext. 333
SOURCE: The OLB Group, Inc.
OLB is trading down close to its all-time low of .7073. Part me wants to fire and double-up or triple-up down here, as we know it moves around. But the recent financial report concerns me. Revenue did increase by a whopping 81.7%, but it did not help on the bottom line, as the over loss grew, a portion of which was non-cash depreciation and amortization of the Bitcoin mining machines. That move into Bitcoin could not have come with worse timing in late 2021.
OLB
OLB Group Inc
0.91
-0.02 (-2.15%)
Volume: 53,538
Day Range: 0.91 - 0.98
Last Trade Time: 5:27:25 PM EDT
OLB
OLB Group Inc
0.9821
-0.0279 (-2.76%)
Volume: 24,406
Day Range: 0.97 - 1.0199
Last Trade Time: 4:00:00 PM EDT
OLB Group Inc. reports 2022 financials with a revenue increase of 81.7%.
Why are you thinking OLB will run hard this week?
OLB and BKKT will run hard this week.
OLB (+12%) perking up and having a strong day today. There might be something behind the bush here right now
OLB appears very undervalued down here, including based on the historical chart(s). Hopefully the earrings report is positive, but this company needs to become better skilled at getting its positive story out to investors.
OLB Group (Nasdaq: OLB, $0.95) 4Q and Annual Report expected by end of March. Revenues expected--$32 Million (2021 revenue was 16.71M)--90% increase. . Market Cap at less than $14 million suggests very undervalued (assuming 2022 revenue comes in over $30 Million).
Market Cap $13.9 Million
Shares Out $14.7 Million
2022 Revenue (est.)-- $31-$32 Million
OLB
OLB Group Inc
0.9501
-0.0176 (-1.82%)
Volume: 19,055
Day Range: 0.9302 - 1.01
Last Trade Time: 7:57:18 PM EST
Excellent point Perry. At some point the market should realize the true value here with OLB. Some look at OLB as a Bitcoin play, but only 3% of their overall business is related to crypto. And, the cost of the AntMnier machines being depreciated and amortized is purely a non-cash item. OLB is looking profitable operationally in its fintech operations.
OLB Looks very undervalued based on their $32 Million projected revenues for 2023 and only a market cap of $14 Million. If OLB traded at a reasonable 2 times sales, it would be at a market cap of $64 million (or $4.50/share.)
This is a company with growing cash flow and businesses. IMO investing in stocks, such as OLB, is an excellent way to grow wealth. The successful prediction of OLB's future price could yield a significant profit. Although OLB may be in fact a good stock to invest, many penny stocks are speculative in nature. Picking the right benchmark for OLB stock is fundamental to making educated investment choices.
OLB
OLB Group Inc
1.16
-0.04 (-3.33%)
Volume: 41,983
Day Range: 1.13 - 1.24
Last Trade Time: 4:36:02 PM EST
yes, lot of trades OLB
OLB Group Inc
1.21
-0.01 (-0.82%)
Volume: 27,714
Day Range: 1.16 - 1.25
Bid: 1.18
Ask: 1.30
Last Trade Time: 4:41:28 PM EST
Total Trades: 183
Fulfilled all qualifications to remain listed on the NASDAQ. With that in the rear-view mirror should be looking at bigger and better things going forward.
29 trades OLB
OLB Group Inc
1.12
-0.03 (-2.61%)
Volume: 2,067
Day Range: 1.0913 - 1.13
Bid: 1.10
Ask: 1.13
Last Trade Time: 11:05:23 AM EST
Total Trades: 29
OLB continues to recover from tax loss selling. The insider buying and major buyback of shares are positives here.
OLB Group Announces Insider Stock Purchases Totaling 114,143 Shares and Corporate Stock Buyback of 116,172 Shares
11:35 am ET December 21, 2022 (Accesswire)
NEW YORK, NY / ACCESSWIRE / December 21, 2022 / The OLB Group, Inc., (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise, announced today that senior management, including the OLB's Chairman & CEO, Ronny Yakov and Patrick Smith, Vice President of Finance, collectively purchased 114,143 shares of OLB between since December 1, 2022 in open-market transactions and each currently has plans to continue to add to their positions periodically. In addition, as of December 20, 2022, the Company has purchased 116,272shares under the Company's previously announced stock buyback program to reduce its shares outstanding count by 1,000,000 shares.
Ronny Yakov, CEO of OLB, said, "As we previously announced, our Board of Directors has authorized a stock buyback to buy our common stock from time to time as market conditions warrant to reduce our shares outstanding at historically low valuations. Considering OLB's current market cap is only about $13 million with our Year over Year revenue growth approaching 100% to a revenue projection of over $31 million for 2022, Patrick and I have decided to purchase shares personally when permitted as we believe the trading price does not reflect the value of the shares."
OLB
OLB Group Inc
0.91
0.0285 (3.23%)
Volume: 57,030
Day Range: 0.85 - 0.94
Last Trade Time: 4:00:02 PM EST
OLB
OLB Group Inc
0.91
0.0285 (3.23%)
Volume: 57,030
Day Range: 0.85 - 0.94
Last Trade Time: 4:00:02 PM EST
OLB Group to Update Investors at Emerging Growth Conference December 14 at 12:15 Eastern
Fintech Management Team to Highlight Stock Buyback, Profitability and 2022 Projected Revenue
NEW YORK, NY / ACCESSWIRE / December 13, 2022 / OLB Group, Inc. (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, announced today that its management team will be presenting an investor update at the Emerging Growth Virtual Conference on Wednesday, December 14 from 12:15 - 12:30 Eastern time. Ronny Yakov Chairman & CEO of OLB Group and Patrick Smith, Vice President of OLB Group will be providing an update since the last presentation at Emerging Growth hyperink (https://emerginggrowth.com/profile/olb/) of the Company's e-commerce merchant services and crypto mining operations including the beginning of actively buying shares in the open market to increase shareholder value at substantial market capitalization discount to industry peers.
Event: Emerging Growth Conference
Presentation Date: Wednesday, December 14
Time: 12:15 - 12:30 Eastern time
Register to watch the presentation: https://goto.webcasts.com/starthere.jsp?ei=1575089&tp_key=87f188a302&sti=olb
This live, interactive online event will enable shareholders and the investment community the opportunity to attend a presentation by President and CEO, Ronny Yakov and Patrick Smith, VP of Finance followed by a Q and A. Investors are encouraged to send questions before the presentation to IR@OLB.com and during the presentation through the Emerging Growth website. Interested parties are encouraged to send questions for management to IR@ OLB.com or through the Emerging Growth website.
OLB Group,, Inc. will be presenting at 12:15 - 12:30 Eastern time on Wednesday, December 14, 2022
If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event on EmergingGrowth.com.
Future OLB Press Releases and Updates
Interested investors or shareholders can be notified of future Press releases and Industry Updates by e-mailing: ir@olb.com
About the Emerging Growth Conference
The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in a time efficient manner.
The Conference focus and coverage includes companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long term growth. Its audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.
All sessions will be conducted through video webcasts and will take place in the Eastern time zone.
About The OLB Group, Inc.
The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise. The Company's eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to over 10,500 merchants in all 50 states. DMint, a wholly owned subsidiary of OLB Group, is engaged in the mining of Bitcoin utilizing hydroelectric and solar power in Tennessee.
For more information about The OLB Group, please visit https://www.olb.com and https://investors.olb.com
Safe Harbor Statement
All statements from The OLB Group, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements concerning the impact of COVID-19 on our operations and financial condition, our ability to implement our proprietary merchant boarding and CRM system and to roll out our Omni Commerce and SecurePay applications, including payment methods, to our current merchants and the integration of our secure payment gateway with our crowdfunding platform, our ability to successfully launch a cryptocurrency mining operation and our ability to earn revenue from the new operations. While the Company's management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption "Risk Factors" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.
Contacts
OLB Group Investor Relations
Rick Lutz
ir@OLB.com
(212) 278-0900 Ext. 333
big helper $OLB OLB Group Initiates Execution of Authorized Stock Buyback Program Up to One Million Shares
NEW YORK, NY / ACCESSWIRE / December 6, 2022 / The OLB Group, Inc., (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, announced today that the Company has initiated purchasing of shares in the open market under the previously announced share repurchase program of up to 1 million shares of its outstanding shares of common stock.
Ronny Yakov, CEO of OLB Group, said, "Our Board of Directors has authorized this stock buyback to exercise our financial flexibility to buy our common stock from time to time as market conditions warrant. With no outstanding corporate debt and a historically low market valuation of approximately 0.25 times projected 2022 revenue of over $32 million, the Company sees an opportunity to reduce its shares outstanding at very attractive valuations."
Yakov continued, "Last week, we retained a broker dealer to purchase shares in the open market and will continue to do so on an ongoing basis to enhance shareholder value."
OLB's Board of Directors previously authorized the Company to purchase its common stock periodically on a discretionary basis through open-market purchases utilizing existing cash balances. The amount and timing of purchases under the share buyback program is contingent upon cash on hand, cash flows from operations, general market conditions and other factors. The program does not require the Company to acquire a minimum amount of its common stock, has no set termination date and may be suspended or discontinued by the Board of Directors at any time.
Business Updates Summary:
• No corporate debt as of September 30, 2022
• Projects positive cash flow by end of 2022
• $2.3 million cash on hand as of September 30, 2022
• Insider Common Share Ownership of Approximately 32%
• Revenue sources (eCommerce merchant services diversified by geograhy and industry and growing Bitcoin mining operations)
• 98% of revenue earned from profitable eCommerce operations
• Annualized revenue run rate at over $32 Million vs. 2021 revenue of $9.6 Million
• As of December 3, 2022, company market valuation less than $12.5 Million and Price to Sales Ratio of 0.248 (based on projected revenues of $32 Million for 2022)
• Increase in revenues projected from organic growth, acquisitions, new initiatives in cryptocurrency payments and Bitcoin mining
• eCommerce and Bitcoin mining annualized revenue run rate projected to be $32 million by the end of 2022
• Recently announced strategic relationship with Cuentas, Inc. (Nasdaq: CUEN)
Future OLB Press Releases and Updates
Interested investors or shareholders can be notified of future Press releases and Industry Updates by e-mailing: ir@olb.com
About The OLB Group, Inc.
The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise. The Company's eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to over 10,500 merchants in all 50 states. DMint, a wholly owned subsidiary of OLB Group, is engaged in the mining of Bitcoin utilizing sustainable natural gas with an initial deployment of efficient 1,000 ASIC-based S19j Pro 96T mining computers.
For more information about The OLB Group, please visit https://www.olb.com and http://investors.olb.com
Safe Harbor Statement
All statements from The OLB Group, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements concerning the impact of COVID-19 on our operations and financial condition, our ability to implement our proprietary merchant boarding and CRM system and to roll out our Omni Commerce and SecurePay applications, including payment methods, to our current merchants and the integration of our secure payment gateway with our crowdfunding platform, our ability to successfully launch a cryptocurrency mining operation and our ability to earn revenue from the new operations. While the Company's management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption "Risk Factors" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.
Contact:
OLB Group Investor Relations
Rick Lutz
IR@OLB.com
(212) 278-0900 Ext. 333
SOURCE: The OLB Group, Inc.
OLB Group Initiates Execution of Authorized Stock Buyback Program Up to One Million Shares
NEW YORK, NY / ACCESSWIRE / December 6, 2022 / The OLB Group, Inc., (NASDAQ:OLB), a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, announced today that the Company has initiated purchasing of shares in the open market under the previously announced share repurchase program of up to 1 million shares of its outstanding shares of common stock.
Ronny Yakov, CEO of OLB Group, said, "Our Board of Directors has authorized this stock buyback to exercise our financial flexibility to buy our common stock from time to time as market conditions warrant. With no outstanding corporate debt and a historically low market valuation of approximately 0.25 times projected 2022 revenue of over $32 million, the Company sees an opportunity to reduce its shares outstanding at very attractive valuations."
Yakov continued, "Last week, we retained a broker dealer to purchase shares in the open market and will continue to do so on an ongoing basis to enhance shareholder value."
OLB's Board of Directors previously authorized the Company to purchase its common stock periodically on a discretionary basis through open-market purchases utilizing existing cash balances. The amount and timing of purchases under the share buyback program is contingent upon cash on hand, cash flows from operations, general market conditions and other factors. The program does not require the Company to acquire a minimum amount of its common stock, has no set termination date and may be suspended or discontinued by the Board of Directors at any time.
Business Updates Summary:
• No corporate debt as of September 30, 2022
• Projects positive cash flow by end of 2022
• $2.3 million cash on hand as of September 30, 2022
• Insider Common Share Ownership of Approximately 32%
• Revenue sources (eCommerce merchant services diversified by geograhy and industry and growing Bitcoin mining operations)
• 98% of revenue earned from profitable eCommerce operations
• Annualized revenue run rate at over $32 Million vs. 2021 revenue of $9.6 Million
• As of December 3, 2022, company market valuation less than $12.5 Million and Price to Sales Ratio of 0.248 (based on projected revenues of $32 Million for 2022)
• Increase in revenues projected from organic growth, acquisitions, new initiatives in cryptocurrency payments and Bitcoin mining
• eCommerce and Bitcoin mining annualized revenue run rate projected to be $32 million by the end of 2022
• Recently announced strategic relationship with Cuentas, Inc. (Nasdaq: CUEN)
Future OLB Press Releases and Updates
Interested investors or shareholders can be notified of future Press releases and Industry Updates by e-mailing: ir@olb.com
About The OLB Group, Inc.
The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise. The Company's eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to over 10,500 merchants in all 50 states. DMint, a wholly owned subsidiary of OLB Group, is engaged in the mining of Bitcoin utilizing sustainable natural gas with an initial deployment of efficient 1,000 ASIC-based S19j Pro 96T mining computers.
For more information about The OLB Group, please visit https://www.olb.com and http://investors.olb.com
Safe Harbor Statement
All statements from The OLB Group, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements concerning the impact of COVID-19 on our operations and financial condition, our ability to implement our proprietary merchant boarding and CRM system and to roll out our Omni Commerce and SecurePay applications, including payment methods, to our current merchants and the integration of our secure payment gateway with our crowdfunding platform, our ability to successfully launch a cryptocurrency mining operation and our ability to earn revenue from the new operations. While the Company's management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption "Risk Factors" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.
Contact:
OLB Group Investor Relations
Rick Lutz
IR@OLB.com
(212) 278-0900 Ext. 333
SOURCE: The OLB Group, Inc.
Strong revenue growth, etc.
OUTLOOK FOR 2022
OTHER BUSINESS UPDATES AS OF September 30, 2022:
• Zero unsecured debt
• $2.3 million cash on hand
• Insider Share Ownership Approximately 32%
• Diversified revenue sources (eCommerce merchant services and Bitcoin mining)
• 98% of revenue earned from profitable eCommerce operations
• Annualized revenue run rate at $31.2Million vs. 2021 revenue of $10.5 Million
• As of September 30, 2022, company market capitalization was $15.6 Million and Price to Sales Ratio of 0.66
• Increase in revenues projected from organic growth, acquisitions, new initiatives in crypto payments and Bitcoin mining
• eCommerce and Bitcoin mining annualized revenue run rate projected to be between $32 million and $34 million by the end of 2022
Latest Earnings (Q2 ending 06/2022)
Q2 Non-GAAP earnings
-$0.10
Q2 Consensus estimate
-$0.08
Latest Earnings Estimate Range
Highest
estimate
-$0.08
Mean
estimate
-$0.08
Lowest
estimate
-$0.08
Technology Stocks Moving Up and Down Wednesday: OLB, RUM, CTS, EMAN, MANH, ONDS
OLB Group Inc (OLB) stock is trading at $1.10, a gain of $0.11, or 11.14%, on high volume. The OLB Group, Inc. gets a Sentiment Score of Bullish and receives an average analyst recommendation of Strong Buy with a price target of $5.00. The OLB Group, Inc. next reports earnings on November 11.
That was a nice spike up and it appears headed that direction again. OLB shares remain very undervalued. 52-week trading range is .83 - $12.80
Definitely some interesting trading today. On the way up (from .9801 to 1.22) - approx. 285K shares traded.
On the way back down (from 1.22 to 1.00), only about 43K traded. The weak hands flipped out.
Now, one would assume that we would go back up when looking looking at those figures. Trading at 1.02 now.
But - a no-news rally is puzzling.
Still long and have my shares locked up wwwaaayyy higher.
Good luck to those who are long here.
Guess smart investors know this is a turd.
OLB
OLB Group Inc
1.00
0.040499 (4.22%)
Volume: 37,826
Day Range: 0.94 - 0.9976
Bid: 0.7795
Ask: 1.17
Last Trade Time: 6:01:10 PM EDT
Total Trades: 117
OLB Detailed Quote
Positive news but can't for the life of me understand why OLB languishes down here near all-time lows around $1.00, when up until the end of tax loss selling last December, the all-time low trade for OLB was $3.30. It has been all downhill since then. Unfortunately, even though over 90% of OLB's business in fintech and a very small percentage involves bitcoin mining, i.e., less than 3%, it appears investors now view OLB as a "crypto" or "Bitcoin" play, and it goes down with Bitcoin.
This is an entirely debt-free company with growing cash flow and businesses. We need for something positive to be announced, and there should be news and earnings over the next few weeks.
OLB Group and Cuentas Teamed Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States. On August 22, 2022, OLB and Cuentas officially entered into a software licensing and transaction sharing agreement, where both fintech companies will establish a merchant services relationship to reach bodegas and convenience stores throughout the United States. Under the agreement, OLB will sell or rent their point-of-sale devices to merchants within Cuentas’s SDI network of 32,000 bodegas. Cuentas will look to incorporate and leverage its reloadable debit card solution on OLB’s POS platform.
Good to hear. I think I am done buying for now. Average cost after averaging down
of 1.05184
Now waiting....
Best of success to all invested here.
I averaged down today at $1.06
Agree. Looking oversold and attractive at these levels, for either averaging down or doubling up......even tripling up.
Just averaged down at 1.08
Looks like hopefully, 1.05 is support on daily lower bollinger.
She is way oversold, but the selling continues - I may be stuck in this one.
Yes, that is the frustrating part of this. The stock traded at an average of 5.21/share from Aug/20 through Nov/21 and then along came the BTC move. And as you correctly state, the BTC mining is such a minor portion of their business.
Oh well, hopefully there will be a rebound in the price of the stock based upon the real factors of the Cuentas deal and all of the gaining momentum in the traditional FINtech services side of the business.
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The OLB Group, Inc. (NASDAQ:OLB) is a diversified Fintech e-Commerce provider of merchant services and bitcoin crypto mining company. The Company's e-commerce platform delivers cloud-based merchant services for web-based and brick-and-mortar companies for a seamless total digital commerce solution that includes site creation, web hosting, transaction processing and order fulfillment, customer service, outbound marketing, sales reporting, capital raising and a payment facilitator with crypto payment options.
DMint, a wholly owned subsidiary of OLB Group, is launching its Bitcoin mining operations in sustainable data centers (powered by natural gas) with an initial deployment of 1,000 ASIC-based S19j Pro 96T mining computers expected by end of 2021 with plans to increase mining capacity to 24,000 mining machines over the next 24 months.
OLB Group Presentation at HC Wainwright Conference (September 2021)
Journey (ct.events)
Investor information is available at www.olb.com/investors-data
ASIC-based mining computers S19j Pro 96T to come online at DMint net-zero carbon data centers in September; Operation anticipated to generate $1M per month in new 2021 revenue
NEW YORK, September 14, 2021–(BUSINESS WIRE)–The OLB Group, Inc. (NASDAQ: OLB), a provider of cloud-based omnicommerce and payment acceptance solutions for small- and mid-sized merchants, announced that DMint, Inc., a wholly-owned subsidiary of OLB (“DMint”), is deploying its first lot of some one-hundred cryptocurrency mining computers for operation at its newly acquired data centers. The Antminer S19j Pro is specifically configured to mine Bitcoin and is planned to be up and running by the end of September.
“Putting these new mining computers to work is the first step in building out our cryptocurrency mining operations that are expected to grow to serve some one thousand miners by the end of the year,” said Ronny Yakov, OLB Chief Executive Officer. “We recognize the high energy requirements and potential environmental impact of cryptocurrency mining, and DMint’s business plan includes our commitment to utilize green energy sources.”
DMint has secured the natural gas mineral rights necessary to power its current and foreseeable energy needs for mining operations. The company plans to build out capacity to achieve 500 petahash per second while operating 24,000 miners over the next 24 months.
OLB provides omnicommerce business and commerce services to merchants including leading-edge crypto commerce capabilities, eCommerce, back office and kitchen operations, and payment acceptance online, in store, and on mobile devices. Merchants utilizing OLB’s OmniSoft Business Management platform can transact with customers through digital wallets, cryptocurrency wallets, and traditional card-based payment. OLB expects to leverage the DMint mining operations to power expanded crypto commerce services as well as financing, lending, and fundraising designed for smaller businesses.
Merchants interested in implementing crypto commerce or omnicommerce services can set up an OmniSoft account at https://cardaccept.com/#contact
For more information about The OLB Group, please visit www.olb.com or www.olb.com/investors-data.
Future OLB Press Releases and Updates
Interested investors or shareholders can be notified of future Press Releases and Industry Updates by e-mailing investorrelations@OLB.com.
Transaction Volume for First Nine Months was $ 668 Million From 10.2 Million Transactions;
Launches Bitcoin Mining Subsidiary
NEW YORK--(BUSINESS WIRE)--The OLB Group, Inc. ("OLB," “we,” “us,” “our,” or the "Company"), a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise, has announced financial results for first quarter ended September 30, 2021.
We are a FinTech company and a payment facilitator that, through our subsidiaries, focuses on a suite of products in the merchant services and payment facilitator verticals. These services include electronic payment processing, cloud-based multi-channel commerce platform solutions for small to medium sized businesses and crowd funding services. The Company is focused on providing these integrated business solutions to merchants throughout the United States through three wholly-owned subsidiaries, eVance, Inc., Omnisoft.io, Inc., and CrowdPay.us, Inc. In the Third Quarter we launched a new wholly owned subsidiary, DMint, which focuses on Bitcoin mining utilizing sustainable power generated from natural gas.
Financial Highlights
For the three months ended September 30, 2021, we had total revenue of $2,823,921 compared to $2,308,037 of revenue for the three months ended September 30, 2020, an increase of $515,884 or 22.3%. We earned $2,680,004 in transaction and processing fees, $32,787 in merchant equipment rental and sales and $111,130 in other revenue during the three months ended September 30, 2021, compared to $2,128,771 in transaction and processing fees, $22,018 in merchant equipment sales and $157,248 in other revenue during the three months ended September 30, 2020.
For the three months ended September 30, 2021, we had processing and servicing costs of $2,223,720 compared to $1,486,257 of processing and servicing costs for the three months ended September 30, 2020. Processing and servicing costs increased by $737,463 or 49.6%.
General and administrative expenses (“G&A”) for the three months ended September 30, 2021 was $904,314 compared to $706,430 for the three months ended September 30, 2020, an increase of $197,884 or 28%. In the current period we had increases of our legal expense of approximately $270,003 relating to business matters. This increase was offset by a decrease of $74,940 related to audit fees and a decrease of $156,843 related to stock-based compensation.
Our net loss for the three months ended September 30, 2021 was ($900,354) compared to ($657,358) for the three months ended September 30, 2020. We had an increase in our net loss of $242,996 for the reasons discussed above.
Adjusted EBITDA for the three months ended September 30, 2021 was ($551,412). This does not take in account onetime expenses in the amount of $467,974 that were incurred in the quarter.
Key Highlights for Third Quarter 2021
To see a complete version of the Company’s Quarterly Report on Form 10-Q please click on the following link:
https://www.sec.gov/Archives/edgar/data/1314196/000121390021058466/0001213900-21-058466-index.htm
For more information about The OLB Group, please visit www.olb.com or www.olb.com/investors-data.
Future OLB Press Releases and Updates
Interested investors or shareholders can be notified of future Press Releases and Industry Updates by e-mailing investorrelations@OLB.com.
About The OLB Group, Inc.
The OLB Group, Inc. is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise. The Company's eCommerce platform delivers cloud-based merchant services for a comprehensive digital commerce solution to over 9,500 merchants in all 50 states. DMint, a wholly owned subsidiary of OLB Group, is engaged in the mining of Bitcoin utilizing sustainable natural gas with an initial deployment of efficient 1,000 ASIC-based S19j Pro 96T mining computers projected by end of 2021. For more information about solutions, services, or to find a reseller, please visit www.olb.com. Investor information is available at www.olb.com/investors-data.
Safe Harbor Statement
All statements from The OLB Group, Inc. in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements concerning the impact of COVID-19 on our operations and financial condition, our ability to implement our proprietary merchant boarding and CRM system and to roll out our Omni Commerce and SecurePay applications, including payment methods, to our current merchants and the integration of our secure payment gateway with our crowdfunding platform. While the Company’s management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption “Risk Factors” in the Company’s most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.
The OLB Group - Investor Relations
InvestorRelations@olb.com
(212) 278-0900 EXT: 333
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