Member Info for 21ATS

The Accounts will be ugly, we're expecting that.

I have a feeling they were holding back in the hope that Tao/Crypto in general may have recovered or risen, but it hasn't. So it's likely that any statement of the price at which Tao was bought in comparison to what's it's worth now, will also be ugly. But that's the thing about accounts, they are a snapshot on a specific day.

The bigger question that many are waiting for an answer to is, where is the £5M or so unused cash that was raised in the placing?

What we're really waiting to hear is what's been going on since the guys stepped in, what deals have been done, what's being lined up and what are they going to do to drive the SP to a level at which a placing can be issued?

DSV having been smashing it, deal after deal. I've been following investments, new subnets and deals on social media, discord and wherever else they're discussed.

I've asked myself if there's an inherent conflict of interest when running your own fund whilst also running a PLC in parallel when it comes to "cherry picking" the best opportunities. The longer the silence continues, the more weight the human mind gives to these thoughts, it's human nature.

All will be revealed relatively soon. When the accounts are published and the closed period for information and director participation ends.

I remain cautiously optimistic, but we need some substance now.

Well Siam's gone skiing for the week. So all eye's on Mark.

It makes you wonder why they'd be putting all these people in these positions if there was really no plan or no forward looking intentions.

I guess the positive of this appointment is it confirms the presence and link with MBS.

It will be interesting to see what the market thinks. Like you say, with that CV why would you be put in place to "advise" asmall gold mining CO unless there were other plans?

My best guess is it's more likely to be about who you know as well as what you know.

Because this is all been such a shambles, none of know what's really going here. It's a small gold miner currently, listed on the main market.

I can only assume that it's being viewed as a convenient shell (a ready made Co.) for MBS (and associates) to do "something" with. They've just never articulated the something in any meaningful manner.

Https://x.com/DreadBong0/status/2022081746854920627

This is a big deal.

One of the primary reasons that BTC grew to what it did was that its founder(s) walked away and left it to its own devices once it reached self-sufficiency. Autonomous, completely decentralised.

From an investment perspective, there are many who have looked at Bittensor and saw the presence of a single person being “in control” as somewhat at odds with the entire concept. (Me included) Clearly that wasn’t lost on the guy himself.

There is no doubt he will still wield a great deal of influence as he plans to remain in every way other than legal CEO it appears.

Still, this should open the door to more external investment long term, particularly institutional level.

I was thinking of increasing, but decided to buy Tao instead with the recent drop, which I've now staked (having got my head around how to do that).

I'm positive about the intention here, but I need to see action and movement now. Especially in the turmoil that's going on globally. Talking the talk is great, but being able to see it through, attract the right investors and action it is everything.

In early January, I sold 80% of my portfolio holdings (all the boring dividend-paying FTSE stocks that had seen big capital increases) and I'm sitting on a disproportionate amount of cash. Capital preservation, whilst I watch the orange gameshow host devalue the USD and cause worldwide chaos. So apart from this and a couple of other "punts" I'm largely out of the market, waiting to see what unfolds through 2026.

Ready to pick up some bargains when they present themselves.

It was a timely tweet and needed to stop the ever-declining price of TAO. Let's hope it stops the rot, and we see a period of consolidation followed by a sustained but controlled increase. Spikes do none of us any good.

Stability is also required for the board to raise the capital they want/need. You’re fighting a headwind trying to court investors when the underlying token is in steady decline.

As for ASTR at 20p. I guess we can dream. If it reached that without consolidation, my holding would be worth £10m. Let's face it, I’d be long gone before then.

If he can pump it to 3p that would be just dandy :-)

ART, It's a "news article". A collage of conversations over the previous 2-3 months.

No one has jumped on it because nothing in it is new.

Likelyhood is the first placing will aim for £20m-£30m once the SP is reasonably north of where it is now. But nothing can happen until the accounts are completed and the directors are out of the closed period and free to share the deals, the plans and how this is going to move forward.

If you don't like it and you are invested, sell up and move on.

The only thing the board here has been proactive about is taking cash to fund their own lifestyle.

This is a basket case unless BTC goes parabolic.

I bought 7.5m last Monday at 0.275p. If the offer of 0.25p is available, it's daft not to at least ask, right? So I put in an order to double my holding. Let's see if I get anything at all.

It's a shame it's open to non existing shareholders. I feel that was a mistake and is at least somewhat responsible for capping the price at 0.25p.

Maybe already being a holder puts you at the front of the queue? Who knows?

Next week we find out.

Submitted my request for participation via HL.

Let's see what I actually get next week.

So it looks like the WRAP offer is currently capping the market at 0.25p.

It will likely be massively oversubscribed. Once folks realise that they aren't going to get 10m, 1m or maybe even 100,000 shares at 0.25p that's when the buying on the open market will start, and the share will then find its natural value.

Will that happen today? No idea. But it's inevitable if people want a piece of the gluten free pie here.

The auditors/accounts are now holding everything up. Director buys are not possible and haven't been since they joined.

That really is the cork in the bottle to everything moving forward. The crypto bear market is just adding to the fun.

There is an inevitability that capital is going to be required to forward the proposed business model here.

The how and when are yet to be disclosed.

Off the record, the directors have said they want to see an increase in SP before they conisder the raise. In their words "0.2p comfortably in the rear view mirror."

Yeah, it would be good to see at least 0.8 - 1p before a potential placing.

I guess we find out in the next three weeks or so.

This is an AI/Crypto play on Aquis. It's not Tesco or LGEN. That comes with risk. Potential total loss or life changing upside. So this is where you throw "punt money" (which differs for everyone depending on their personal circumstances).

If you're in at a level that makes you uncomfortable or with an amount that you simply can't afford to lose, then it's probably time to sit and reflect on your position and, if you want to remain, reduce or leave altogether.

I'm a latecomer here, with an average of 0.1307p. But I can imagine there are some legacy shareholders here who are heavily underwater.

Do what feels right for you.

For me, I invest in people as much as businesses. My intuition is telling me Mark and Siam are ethical people, with the wit and presence to do what they say they will. Rare in this landscape of Bixby's, Lengisas's and Stockbridge's.

So I'll give this one a run and see what comes of it.

If you feel like that ART, best thing is sell up and move on.

We make our own beds. At some point you either take a chance on the play or walk away. It's pretty much binary.

Some profit taking yesterday which was logical. I was tempted myself but I've decided to hang on a little longer before my first slice.

The "noise" around TIR's subnets and some of the nonsense being talked on X yesterday may have spooked some, who knows?

We're early, Bittensor still has growing pains, and in some respects is still a bit like the wild west. But with the inherent risk comes potentially big rewards.

The next RNS is the one we're all waiting for, and we know we're going to see it this month.

I would prefer it if they gave Bixby a wide berth. The guy is another "Lenigas" IMO.

They are doing just fine as they are.