Examination of ADVFN CEO Clem Chambers: The exa

Examination of ADVFN CEO Clem Chambers:

The examination of Clem Chambers, the CEO of ADVFN, was very brief. The reason for this brevity was Mr. Chambers’ acknowledgement of full ownership of Investorshub.com Inc. He acknowledged that ADVFN had acquired Investorshub.com Inc. in 2006. He also advised that he was one of the founders of ADVFN in 1999 and that he took over as CEO in 2001. He stated that they have a number of subsidiaries, but he didn’t know how many. And we thought that clueless CEOs were only restricted to Pink Sheet companies.

Clem Chambers didn’t appear to know all the interests of the company. The operation in London, England, has about fifty employees as well as a number of other interests in the same kind of business in other parts of the world. Seems like stock bashing is a lucrative business after all.

Clem Chambers did state that Investors Hub was an important asset of theirs, that they own it completely, and that he would refuse to give Investors Hub any direction whatsoever with regards to the posters and compliance with the judgment of Belobaba of July 20, 2010.

Clem Chambers also insisted that he has little or no contact with Sonya Branstine, the President of Investors Hub, who we expected would report to Mr. Chambers on a regular basis about the activities of Investors Hub. Mr. Chambers insisted that he has rare communications with Investors Hub, if ever, that he cannot remember when he last communicated with Sonya Branstine, and that the only communications he has with Investors Hub and with any of their people, is when they gather at what he called “jamborees” in Las Vegas from time to time. They hold these meetings once to twice or more a year but, according to Mr. Chambers, they never discuss business.