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Replies to #89 on ADVFN Plc (AFN)

tomkin

05/28/09 9:34 AM

#90 RE: grandetourismo #89

I would have expected ADVFN to have immediately suspended someone who has charged with these offences. I would say not acting looks a bit strange.

However, I guess there's a lot of info we don't know yet - it's not yet out. I believe the alleged offences took place before ADVFN owned IH? Perhaps ADVFN has already performed due diligence? Just speculating.

Reading between the lines I reckon there might be a few unexpected twists and turns to the story. We will see. I certainly see it as a potential serious problem to ADVFN. So far the market is not worried (the initial news is out).

But as "clem" seemed to be hinting at, it may be an isolated case within a much larger organisation. My feeling is we shouldn't reach conclusions just yet.