ADVFN PLC is a United Kingdom-based company. The Company, along with its subsidiaries is engaged in the development and provision of financial information, primarily via the internet, research services and the development and exploitation of ancillary internet sites. As of June 30, 2012, the principal trading subsidiaries are All IPO Plc, Equity Holdings Ltd., Equity Developments Ltd., InvestorsHub.com Inc. and Cupid Bay Ltd. As of June 30, 2012 The two subsidiaries Equity Holdings Ltd. and Equity Developments Ltd form a disposal group and were disposed . On July 4, 2012, an agreement was reached between ADVFN Plc and Bashco Ltd whereby Bashco Ltd acquired Equity Holdings Ltd together with its subsidiary Equity Developments Ltd.