OLB Group Inc (OLB) News

Positive update out from the company today on the status of the DeMint spinoff.

Open Letter to OLB Group Shareholders Regarding Pending DMint Spin-Off

NEW YORK CITY, NY / ACCESS Newswire / February 27, 2025 / OLB Group, Inc. (NASDAQ:OLB) ("OLB" or the "Company"), a diversified Fintech eCommerce merchant services provider and Bitcoin mining enterprise, issued the following status update on the Spin-off by the Company of its subsidiary, DMint, Inc., the OLB Group Shareholders'

Dear Shareholders,

Thank you for taking the time to read our letter and for your ongoing support of The OLB Group, Inc. We are aware that everyone has been anticipating the DMint spin-off and are wondering why it is taking so long and whether it will actually happen. We have decided to issue this letter to provide an update to our shareholders.

On Monday, February 24, 2025, the U.S. Securities & Exchange Commission Division of Corporation Finance Office of Crypto Assets indicated to us that they have no further comments at this time on our Registration Statement on Form S-1. However, the Registration Statement does remain subject to their review of the December 31, 2024 audited financial statements in a further amendment to the Registration Statement, which we plan to file prior to March 31, 2025.

Steps that have to happen to spin off DMint as a stand-alone company

File the December 31, 2024 audited financial statements.

Clear Nasdaq requirements.

Announce the official shareholder of record date for the distribution of shares.

Register to get instant updates on the progress of the spin-off at https://investors.dmint.com/

https://www.morningstar.com/news/accesswire/992714msn/open-letter-to-olb-group-shareholders-regarding-pending-dmint-spin-off

OLB: THANKS for the heads-up, Boss!! (Wow, been awhile since we all stopped here for a Starbucks & donut!!)

OLB $1.42 Back in here added yesterday so new average $1.32 bottom hopefully in super low floater . Cheap mining play right? 

SOLD

OLB needs to announce the record date of the DMint spinoff of the pure Bitcoin assets and mining operation.

OLB MONSTER

OLD 10 day hourly

I find it difficult to DD these junky companies when Netflix, which I own is making new 52 week highs

I will believe it when I hear it. they have been touting this spinoff for over 2 years now. It has been filed with the SEC and they have continued to answer every set of questions they get from the SEC.

That explains it

Yeah, I know, but there has been a recent surge up here in volume and share price. They are supposed to be announcing the effective date of the spinoff of the DMint bitcoin subsidiary any time now.

Lack of interest to buyers

Monk: What do you make of the huge spreads here today? At one point it was .60 or 22% of the bid. $2.70 x $3.30. Right now, it is .59

OLB: effective May 6,2024 a one for 10 reverse split:

https://hedgefollow.com/upcoming-stock-splits.php

New high lol

OLB new 52 lo

Chuckle… https://ih.advfn.com/markets/nasdaq/premarket

Special board meeting convenes April 26, a Friday
I investigated the latest 10K filing
This company spends more money than it takes in
The chart shows us in my view it got lucky as did a glut of third tier NASDAQ companies benefitting mostly from all that Covid money doled out to inexperienced retail participants

The critics characterize these very small businesses as zombie companies

OLB: Neither could I, Dude!! (And, as you've surely noticed, NONE of the so-called iHub PUNDITS --- who merely love to be the very FIRST to simply post a stock's CALL LETTERS if it is suddenly way UP in price --- ever ANSWER such a question!!)

Anyone know why OLB is +60% in AH trading today at the end of the week? I can't find anything to justify or explain it.

Dumb

Today, over 300 new 52 week lows
This happens when even the quality issues get sold down
Most of the new lows, like 75%, are in the NASDAQ third tier, which is mostly high risk to the point of being junk, the sole purpose of which is insider enrichment
Not all high spec companies seek to sell a solution to a problem
Some seek to solve a problem that doesn’t exist

Yep. And to think this was trading above $10 just a few short years ago. The fins were not great, but they apparently revealed that there is litigation now over a merchant portfolio OLB bought where the seller arguably engaged in fraud in connection with the sale. The DMint spinoff has supposedly been in the works for over a year now, but the S-1 was filed lasrt Fall, and it whould be getting close to being spun off. However, due to timing looks like they will have to do a RS to keep the NASDAQ listing soon. Not a pretty picture

OLB new 52 lo

New article out on OLB's Spinoff of DMint:

https://www.benzinga.com/content/37933899/olb-group-nasdaq-olb-preparing-for-strategic-spinoff-of-dmint-subsidiary-to-olb-shareholders

OLB re-launches new cellular services:

https://finance.yahoo.com/news/olb-group-announces-market-relaunch-131500718.html

Thanks,I appreciate the heads up

Excellent Alpha Wolf Trading piece and interview with top OLB executives. Very positive. And, this is not a compensated piece.

Down Down and Down ...

Agree. Here is another report I found:
OLB Group Management Purchase Over 1.1 Million Shares in Open Market

OLB Group CEO, Ronny Yakov bought 784,212 shares at an average price of $0.77
Vice President Patrick Smith purchased 393,106 shares at an average price of $0.77

The SEC Form 4 filings area accessible here: https://investors.olb.com/public-fillings/

If he is that confident,so am i ,buys in low .80s now

Not defending anyone. Just trying to be factual, which you are not. Do some DD. Or why not just admit you put out false information here.

Three years shares keeping falling . lol. Ha why are you so defending this pos and ceo ?

Ronny Yakov Bought 17% More Shares In OLB Group

According to this article, insiders now own 48% of OLB Group.
Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. OLB Group insiders own about US$6.0m worth of shares (which is 48% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
https://finance.yahoo.com/news/ronny-yakov-bought-17-more-185702889.html?.tsrc=rss

My question was whether you still stand by your statement that Mr. Yakof, the CEO of OLB Group, is Ukranian, and where you came up with that information? You did not answer the question.

P.S. I suggest you conduct some Due Diligence on the company and its CEO before spewing such fiction

Of course I don’t know him as a person . As a shareholder we all must know who is he and his attributes etc. enuf said !

I think OLB came up from otc 2 years ago,that’s why it’s past looks so bad,but for the last year it hasn’t continuously shit on shareholder’s (it was 1.20 a year ago) I looked up the history of ceo and vp built a company up from 20m to over 400M before coming to OLB, I don’t care about CEO’s nationality,it’s irrelevant,matter of fact I don’t care if they sell dog poop to dung beetles to roll into balls and sell to the Ukrainian Olympic ping pong team to use,chart is a GOLDEN CROSS+macd and momentum indicators crossed up over the bullish signal line for the first time in over a year,these events do not occur to garbage scam companies,I am not saying it can’t go down if a bad event happens but it’s highly unlikely right now,but trust no one with your money and watch the candles on the chart

It’s getting attention,build it they will come!!(that last part was for you zorro,when shoeless joe Jackson is playing in the stadium,it will be full

OLB Group And 2 Other Stocks Under $1 Insiders Are Buying (Wall Street Waves)

https://wallstreetwaves.com/olb-group-and-2-other-stocks-under-1-insiders-are-buying/

You indicate that the CEO is Ukranian? Where are you coming up with this? Are you prepared to double down on that assertion, knowing full well that if that is not true, it has credibility implications for you here on the Board?

Roflmao,good one Z

Need to fill the stadium.

Nhod home run out the park!! Grand slam after hrs ??? News would be gap up World Series champion!!

Nhod at batt on ask,swing batter batter swing

Take a look at the 3 and 5-year charts here for OLB, and how many times it has traded above $10 and $15. The drops down under $3 and then ultimately $1 have been hard to explain for the past couple of years, other than the fact that OLB's initial foray into bitcoin mining could not have ended up having worse timing, just prior to the steady and prolonged drop in the price of Bitcoin. However, over that time frame Bitcoin mining was such a very small portion of OLB's overall business and revenue, i.e. well below 8-10%

Ronny Yakov is an Ukrainian sleezy CEO ...

GOLDEN CROSS now babe(sma50 over the sma 200,it’s never done this before)considered by analysts as greatest bullish indicator,and macd flipped now to fill bullish buy signal,lots of run room to upper bolie (daily is 1.04,above that starts parabolic run)

Hoping to see that;)