RE: Here We Go.....24 Jan 2025 07:59
I'm hoping for over 1p too in the short term. A LOT higher than that should they find a good business to invest in/reverse into this Solana shell, which with their background I am sure they will. From the recently reported annual results.......
"Having reduced the cash burn of the company significantly the Board was in a position to reposition the company. Mr Edwards and Mr Lyth are both executive directors of companies with Artificial Intelligence and AI Agent exposure. 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."
The Solana holding now worth £900,000