RE: Wow - look at what our directors have been doing5 Feb 2026 10:10
The only surprise here is that the share price and m/cap is anywhere near its current level.
TAO is falling alongside BTC and is now $183 - far from the recent push to get back over $300 - and the fees are down to about $300/24Hr, which is far from the recent highs of $2000/24Hr.
The directors are talking about a placing, albeit to NHW individuals but even they want to see a profit sometime and that is most likely through a discounted placing. And talking about placings, the last one when 5 billion shares were issued against only 752 million shares before the placing has never even given any of the placees a chance to churn at a profit as the share price dropped straight away. The placees have either sold at a loss or they are still holding them. And judging by what happens after every single placing on the London market, and also bearing in mind that this share is now trading on the Aquis market, there could be up to 5 billion shares waiting to be churned at just over the 0.20p placing price. No wonder the management are talking about trying to get the NHW investors who participated in that placing tied back in as soon as possible - or rather before they churn their holdings and disappear.
And as for the management, the previous placing was made to buy Bitcoin. That never happened and OE bought Ethereum instead. That was all then sold at a loss as the new directors, Kidd and Creasey, decided to spend it all on TAO, which at the time was around the $350 level leaving the current TAO holding at a considerable loss. And without the 2 new directors buying into their master plan and committing their own cash to the new direction there is nothing to hold them here. They could just up anchor and disappear tomorrow and leave this in an even bigger mess.
Yes. the only surprise here is the current share price.
AJMHO
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