Information for New Investors22 Jan 2021 10:59
Firstly, Triad is still flying very much under the radar at the moment, particularly on Twitter as Toyota Racing Developments have the same abbreviation (TRD). But i'm sure this won't be the case in the next coming weeks/months.
The company is 30 years old and has been publicly traded for 25 years.
It currently has tiny £11m Mcap, over 30% of which is in cash!
Only 16m shares in issue and 85% are tied up with directors, institutions and other companies.
Which is why the slightest bit of buying pressure sees the SP fly.
Crypto stocks are this years hot topic and the IT sector in a bull run also.
New, young directors pushing the company into the big money within the IT sector. Triad are recruiting massively and have been for the past 12 months due to the demand on their services.
Last financial report shows that cash reserves doubled compared to 2019, and it's highly likely that this growth has continued.
The BIG one - Stratis Partnership
In 2020 Triad announced a partnership with Stratis blockchain, where Triad will use their expertese in C# to develop "multiple blockchain applications" for an array of companies (the posibility for this technology is seemingly endless).
Triad is already a partner with Microsoft and they're experts in this feild, hence Stratis wanting to work with them.
Stratis' co-founder Chris Trew spoke of Triad in an interview on December 2020, where he said they're working closely and have meetings planned for the new year in regards to their 2021 goals.
I suspect an update on this is due any time, and other people in the crypto sector have also predicted this.
I'll post any new information as it comes my way.
Good luck to all invested. Remain patient.