ProactiveInvestors.co.uk did a small write up on TLD Holdings the company which just recently raised another $33 million and said they would change their name to Minds+Machines. The stock is up 11% today, of course the stock trades for a very low price so it does not take much to get a large percentage move.
I can say this is a perfect example of procrastination on my part, as I constantly was having discussion with a couple friends when the stock was at 5 1/2 pence. I felt it was a cheap hedge in the new gtlds, highly speculative but a cheap way to play the new gtlds under Minds + Machines. Kind of like an option that never expires.
The company currently has 104 million pound valuation. So again it is a speculative play and only those with a high risk tolerance should even consider looking at the stock, and in no way does anyone affiliated with thedomains.com recommend investing in this or any public company.
The shares rose another 11% to 16.1p, with broker N+1 Singer calling it an “exciting time” for the company, which snaps up generic top level domains – essentially the letters at the end of web addresses.
As part of the programme, businesses based in the capital and Londoners themselves will be given an initial three-month priority period in which to pre-register domain names.
N+1’s tech analyst Tintin Stormont pointed out that the company also has “a seat at the table” for 43 contested names and she expects “a good proportion of these to be settled by private auctions over the next few months”.