RE: Some confidence15 Jan 2025 11:36
The decision was made to manage the company’s treasury by making a significant investment into the Solana (“SOL”) crypto token. As a result, on 05 August 2024, 4,149 SOL were purchased at a price of £96.40 per token. These tokens were then staked onto a Delegator which generated further SOL as a yield. This yield can then be sold to offset the operational expense of the company. As at the date of signing of these financial statements, the number of SOL held has increased to 4,253 with a carrying value of approximately £630,000.
Having stabilised the company it is the intention of the Board to pursue profitable and cash generative opportunities in the Artificial Intelligence and AI Agent sectors to create profitable returns for shareholders.