RE: Interim results19 May 2026 21:21
`The operating business is now generating emissions income from its core activities. Astrid Validator emissions, owner emissions from Subnet 127 and yield on our TAO and alpha holdings combined produced approximately £516,000 of income in the six months under review`
Thats a fair amount of monthly revenue over the 6 month period, but here`s the thing, although it`s been presented as if it`s coming from 3 sources, the validator was acquired after the period and the Bridge close to the end of the period. They can`t have contributed much to that figure.
I would expect they are contributing now and Validator operations being expanded to more subnets too.
The cash burn in those 2 month after corresponds with the launch of the Arena. It`s unclear if the increased cash burn shown by those figures is permanent or just a spike at that time.
Cash is low but they may be filling it back from revenue, but if they need a few 100k from the TAO, thats what it`s there for. They are an operating company not a DAT and a good chunk of that was from the 10m raise at 0.20.
It should absolutely be used to tide them over if cash is low.
Given their previous reluctance to sell the ATM shares even at 0.2 I would hope they don`t start raising at this low level when they really don`t need to.
Would be good if they could get more brokers to support the share. I can`t buy in my main account.
GLA DYOR