ADVFN – Should the board be sacked? I write – potentially – my own P45

Yesterday it was announced that shareholders owning c22% of ADVFN had demanded an EGM to vote on sacking the entire board. They cocked up the paperwork according to ADVFN but that will be rectified so there is going to be a vote. Obviously I am not entirely a disinterested party.

Clem Chambers and Mike Hodges are friends of mine. We work with ADVFN on a range of joint ventures so from a personal point of view I’d clearly like the status quo.

Clem reckons that the current board has 20-30% of the shareholders onside and as such using his mid-number this is too close to call. It is all down to how the army of small shareholders in ADVFN vote, if they can be bothered.

I suspect that the rebels will go for ADVFN 

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