Member Info for 21ATS

Lack of competency and the appointment of poor advisors determined the delisting. It wasn't like it was a choice.

I'm not sure it will be a bad thing going forward, the rigidity of a main market listing with requirements for full prospectuses would probably have not allowed (or substantially slowed) the pivot that has just taken place.

Can you imagine trying to provide a prospectus to the FCA on a Bittensor subnet strategy that they'd possibly understand and sign off?

It needs to be where it is, at least for now. If it does grow into the $B company that we all hope then sure, take it back to the main market if the environment and appetite exists for it.

It's going to be interesting to see where the SP goes over the next day or week. I just don't think enough people understand the potential of this yet.

It feels like being early doors in BTC to a degree. Those who understand are fanatical; everyone else is a little bemused and scratching their heads.

I'm in for the ride, lets see where it takes us.

Only when some transparency unfolds will we understand. End of December for accounts.

I guess we then find out what revenue the subnet has generated in a slightly longer timeframe. How much of the £5M cash still exists.

Doldrums only has a little to do with the SP, we simply don’t know or don’t understand what the company is doing, how much cash they’re holding or what the end goal for the subnet actually is.

The current state of crypto is simply compounding this further. Some clarity here could work wonders.

I'm a little confused by the term "trading" when it comes to Bittensor. I had assumed it was stock trading, fundamentally what we're doing here.

But I'm not so sure now after having watched the YT video. It seems to have another meaning. Or is at least interchangeable.

It strikes me that unless you're really into this stuff it's somewhat difficult to grasp. Hence the lack of SP movement with ASTR.

None the wiser to be honest. Think of me a small child when it comes to this stuff. (I’m actually 56!)

Lets start from the beginning.

What is Sigma Arena? Is it a saleable/scalable product that has commercial value once it is in “Production” and the website is up and running?

Whilst I understand it’s AI. What is it’s real world use and how will it generate revenue? Is it finite? In so much as, does it have a shelf life and will eventually be replaced or become obsolete? Or will it evolve and update?

Step back from Tao, Subnet, Bittensor for a moment. What real world value (in Fiat currency) does Sigma Arena generate for ASTR that would encourage the masses to want to buy the company's shares?

Because ultimately, despite the growth of crypto, we live in a world that requires fiat currency for us to live.

It’s the answers to these questions that will drive the SP.

Personally, I feel the SP is not reflecting the potential value of the subnet because people don't understand it enough. Me included.

I can see it's pumping out plenty of Tao, of which we're not entirely sure how much ASTR is receiving, other than it appears to be more than just owner emissions, but how much more? And why is it more? But how long does this continue? What happens when it goes live? Does it go bananas?

Is it the kind of thing someone buys for $millions?

I'm in, but it would be nice to know exactly what I'm in on!

A little bit of clarity would be nice. It would do no harm at all for the company to explain what's happening as though they were talking to a child! The market really responds to that kind of thing.

I have never before been invested in a stock where you have a 24hr, online, real-time chart showing the progress and income of one of it's component parts in this much detail.

Slightly addictive checking in on it and waiting for it to grow and expand.

I think it would be a mistake (at this early stage at least) to leave all the income in TAO though. I think it would benefit early stage growth of the SP to park at least some of it in something more universally understood. Fiat, BTC, ETH maybe?

It will be interesting to see if you're right.

I'm seeing a disconnect at the moment between TradFi and the new evolution of Treasury companies, particularly on the UK market.

There's a strange situation with many of this type of company are trading at discounts to Nav and I think it's nothing more than a lack of understanding and apprehension of something new.

We're in early days here, there may be a period of time before a critical number of people understand what they're looking at.

I went for a walk this morning and was thinking about this share. I’ve spent a bit of time educating myself about what it does, Bittensor and Tao.

I don’t claim to understand it completely, or even partially! But I grasped enough to see the potential here, enough to buy in yesterday.

I think for the wider market though, perception may be a problem.

Tao, Bittensor, AI. It’s all a bit techy a bit Geeky and we’re listing on a sub-market of the LSE. I think a lot of people just won’t understand what this is and what it’s doing. Which in a way is quite good as I feel I’ve bought in cheap.

Long term though you’re going to need to get passed the “WTF is Tao?” problem for those that don’t understand to widen the appeal.

I’m watching Sigma Arena with interest on TaoStats. It’s fascinating.

For now though, Astrid needs and want people to buy its shares. If SA continues this great start and genuinely produces $3m - $5m + a year in Tao, they may want to consider transferring it (or some of it maybe) into something more “market friendly” in the treasury. BTC, ETH? I’m not sure. Maybe even fiat!

I guess we see what the end of year the brings, trading statement, the halving etc. See where the price of TAO goes I the short to mid term.

The wider the appeal, the more it will attract when the numbers start to pan out.

Just throwing thoughts out there.

I dipped my toe in here this week. I'd like to buy more, but I'm bothered about the "assumption" that there's £5m in cash somewhere.

I'd like the cash position stated by the company (it should have been shown in current assets along with the crypto holdings in yesterdays RNS).

£5m makes up such an enormous percentage of the NAV it needs to be clarified formally.

Rumours......

From who? The Walter Mitty Telegram group characters?

Substance and fact are what matters. I'll believe any appointments when I read the RNS about them.

Yeah, really not what I expected when I parked some cash in this. Marquee names yet seemingly no direction or plan.

Disappointed.

Minimum requirement for an OTC listing is an SP of $0.01 or greater.

So they'll either need a consolidation or a 8 fold increase in SP before they can even apply. (or a buy back) Then it will take 2-3 months minimum on top of that.

Thanks, makes perfect sense.

Question regarding rank on Bittensor…

On the main page for Sigma Arena it currently shows rank at 48

If you click on the subnets menu and view there, it’s in the 30’s.

What’s the difference? Is one real time vs average?

New to Bittensor so I’m on a steep learning curve having bought in here yesterday.

Https://investors.vaultplc.com/announcements/7248815

Stepping back for a moment, it's frankly absurd that we're having this conversation. We really don't know what they're doing.

Winnifrith is kicking them again on "X" and the reality is, until they start demonstrating that he's wrong (not saying, but doing), he's actually not wrong.

And I really don't like the guy at all.

My understanding was this wasn't a Strategy or Metaplanet business model. But something different.

Generate income from actual business (gold mining and whatever else they buy), use the income to stack BTC, build it up, attract or something along those lines.

If this is the Saylor flywheel I'm out.

And there's the problem. We don't really know what's going here. My biggest worry is that neither do the board.

I need to know what the strategy is before I decide if I'm long term or trading.

As it stands, you can only realistically trade here, as there is no clear communication with shareholders.

I'm hoping that component changes in the immediate future.

Effectively, the boards lack of clarity is creating the rollercoaster.

The silver lining of this cloud is, they're taking so long to do whatever it is they're doing that BTC has dropped and they now have an opportunity at a cheaper entry price than recent highs.

Still, it would be nice to know what it is they actually intend to do. What's the strategy?

Yup, unfolding just as expected. Nothing........

Can kicked down the road until the end of month. SP continues it's decline. Share restructure with no explanation of exactly how it's going to benefit anyone.

I wonder how much this outstanding board of OG's are paying themselves for this incredible run of shareholder value they're destroying?

It's embarrassing now. Even the most delusional believer must see the writing on the wall. More red flags than a Moscow parade.

This on goes on the list of shares I wish I'd never stumbled across.