Team Internet Share Price (TIG)

Https://www.proactiveinvestors.co.uk/companies/news/1046660/team-internet-ceo-michael-riedl-discusses-growth-and-integration-post-shinez-acquisition-1046660.html

Good to see the Shinez acquisition completed.

Note that:

"this acquisition is expected to significantly enhance earnings per share (EPS), with a forecasted adjusted EPS growth in the high single-digit percentage range for the pro forma fiscal year 2023, not accounting for potential synergies":

Https://uk.advfn.com/stock-market/london/team-internet-TIG/share-news/Team-Internet-Group-PLC-Completion-of-Acquisition-of-Shinez-I-O-Ltd/93728895

Very interesting/intriguing news today that TIG shares have begun trading in the USA on the OTCQX, which is the premier tier of the OTC market:

"Trading on OTCQX will significantly enhance Team Internet's visibility and accessibility in the world's largest capital market"

Apparently TIG "has received interest from numerous US investors in the past and, in recent months, has hosted several meetings with US investors".

Given the CEO's comments below, perhaps this will presage an eventual move to a full US listing either away from AIM or a more premium market listing on the NASDAQ?

I wouldn't blame TIG for looking in that direction given the substantial discount compared to its US peers:

Https://uk.advfn.com/stock-market/london/team-internet-TIG/share-news/Team-Internet-Group-PLC-Commencement-of-Trading-on-OTCQX/93628568

"Michael Riedl, CEO, of Team Internet, commented: "As we mark the beginning of our trading on OTCQX, we are not just opening a new chapter for Team Internet. We reinforce our commitment to enhancing shareholder value and expanding our footprint in the United States, a market that represents nearly 50% of our revenue. This move reflects our robust performance and the investor confidence we have been fortunate to build, especially within the US, over the past year. We recognise the importance of making our shares more accessible and appealing to US investors, and qualifying to trade on OTCQX is a strategic step in that direction. We are eager to welcome new investors and invite them to join us in this exciting journey."

Https://www.proactiveinvestors.co.uk/companies/news/1044901/team-internet-group-begin-trading-on-the-otqx-with-ticker-tigxf-1044901.html

Just noticed that in the last 2 days RNS filings that they've started to cancel shares (which were held in treasury). Not sure why they would cancel some each day rather than in one block. Seems a bit strange.