RE: Change of name is a very good start ... rns3 Jul 2025 13:25
Https://x.com/MylesMcNulty/status/1940744211201999353?t=UMn6ML_Xg1wTtCjTF6DTMQ&s=19
Delighted to see this development at @tigerinvests #TIR. To be proposed at AGM later this month:
- 1 for 10 share consolidation;
- change of name to Tiger Alpha PLC.
The benefits of these two actions are threefold:
1) The name change will remove the notion that TIR is an "investing company", and rather an operating company - which should alleviate current concerns at AJ Bell, II, HL, and consequently should open up online dealing to huge swathes of UK retail that it is currently closed to;
2) Share consolidation to move the price into the single pennies should make it accessible to more money managers, whose mandates / in-house rules may have blocked them from investing in companies with fractional share prices;
3) Most importantly, the consolidation paves the way for an OTC listing (which I believe requires a SP of at least $0.01), which itself would open up the stock to a much larger and more powerful investor base that has a much deeper understanding of $TAO and #bittensor. OTC listing = huge value driver in the world of crypto-equities, as the leading UK BTC-treasury plays have demonstrated in recent weeks.
All in all, excellent developments. £11m mkt cap will soon be a distant memory, especially with TIR's second subnet, Tiger Beta, to start generating revenues imminently and $TAO in general gaining real momentum (both price, and exposure to new investors).