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Rto can take under 30 days if same sector etc and being its the same people wouldn't expect this to take too long
That was for rewards
Bitcoin along with a other crypto currencies are only vehicles for trading. The blockchain tech has possible uses. Mode has proven that by failing as as a company. Major retailers on board but not enough take up to make it work. JR himself lost alot of money I imagine.
Definitely the future is going to happen and a lot sooner than everyone thinks,just take a look at what's already happening everywere.Digital globalization bitcoin is happening,my opion R8 capital with JR with there license for bitcoin right place right time could be absolutely sensational business to invest in right at the start.Something like this I wouldn't be surprised not for this to open up way over 50 pence and every man and his dog try and get a piece of.
This is the million dollar question, hopefully its all being lined up in the back ground prior to RNS being they appointed the Redwood Bank employee months ago ...
From Redwoods director -
What advice would you give to someone starting off in banking? And what should we watch out for in the industry?
Firstly, work hard and treat people as you would like to be treated yourself. And secondly, I believe we will start to see an increasing number of digital/tech banks and further significant developments in Open Banking and Artificial Intelligence, Blockchain and Crypto.
hmmm.. ;)
Not sure that current banking licences would allow for bitcoin. MODE had to give up various incentives as part of gaining it's licence, so I think it would currently be too restrictive for others to go down this route.
Regs may have changed since MODE attained their licence though
Is Bitcoin an asset class? Years ago declaring Bitcoin as a part of a new digital asset class was controversial, but with major traditional financial institutions such as Goldman Sachs admitting it is not only a new asset class, but an investable asset class, the tide has turned.
Could be possible, going to happen at some point as it is the future
Just curiosity - and appreciate it could be a complete stab in the dark...
Anyone have an inkling how long this process might take??
Just look at metro. And redwood are alot better place and sound adding in new asset classes (bitcoin) this is a cracker
Would they be interested in buying any of metros banks assets that would make it interesting
Https://www.linkedin.com/posts/locke-lord-llp_locke-lord-london-team-advising-r8-capital-activity-7116106172213944320-B9DC/
"A Locke Lord team led by Sean Page (London) is advising fintech company R8 Capital Investments PLC in its proposed acquisition of Redwood Financial Partners Ltd., the parent company of specialist business lender Redwood Bank Ltd. The transaction is subject to the completion of due diligence and regulatory approvals. Additional assistance is being provided by Nicholas Jennings, Jake Chagoury and Charlotte Whitley-Roberts (all of London)."
Sean Page: https://www.lockelord.com/professionals/p/page-sean
Nicholas Jennings: https://www.lockelord.com/professionals/j/jennings-nicholas
Jake Chagoury: https://www.lockelord.com/professionals/c/chagoury-jake
Charlotte Whitley-Roberts: https://www.lockelord.com/professionals/w/whitley-roberts-charlotte
If they raise 20 million which I think they could do easily,any idea of what the share price would start at when this relist ?
"However, so much for doom and gloom; there is more than a glimmer of hope for the future. The LSE is hopeful that the challenger Bank, Redwood is set to go public after R8 Capital’s reverse takeover. It is hoping to raise about £20 million in the weeks to come. "
https://www.lbc.co.uk/opinion/views/londons-ipo-market-may-come-to-life-soon-david-buik/
Total number of shares after the recent fund raising please anyone?
Gla
Good thing its not AIM eh
Haha 10p or a quid.
It is more likely to be 1p given the fact the company and directors are AIM con men
As much as I hope we see 5 times of the current value I think we will be disappointed. Mode as a company is not worth much. Its unusual for directors to look after their share holders in this type of situation, they will be more concerned about future share holders. Best scenario 5p. Worst 1p. GLA
As i mentioned before, UKSPAC rto'd into hellenic dynamics. The suspended SP was like .23 and it came back at .18, and is now like .09
MODE/R8 is the vessel in which redwood will go public. Essentially mode/r8 have to buy out redwood, and then raise cash.
The mcap of mode/r8 may well return at £70m+, but, it will be at the expense of major dilution. The return for shareholders, imo, will be very underwhelming.
I am happy for examples of LTH 10-20 bagging from a shell performing an RTO (but i suspect you wont be able to find any)
I hope i am wrong, because i am down considerably from my mode investment, so i could do with a boost. But i dont think that the redwood rto is that boost
JR owns shares in redwood, surely, and therefore, that is "what is in it" for him. Not to realise a major return on his mode holding. Imo MODE is done, but for the shell that is now being exploited.
Again, i'd love to be wrong, and i'd love to be given examples of major successes from this position
Https://twitter.com/moneyroots1234/status/1709947666866794615?t=cE-skhWc1VeSKSnND3yXCA&s=19
What are you even talking about. Its done rto happening let's see the results all should do well from this price
Redwood's banking approach is simple. Its a small challenger bank that takes on higher risk for higher returns.
These banks have issues when liquidity dries up and the higher risk comes back to bite them.
I assume you know nothing about Redwood bank then ? good thing is no matter what anyone says it doesnt effect anything :)
Same as all challenger banks their balance sheets do not look pretty and in reality does not reflect their true liabilities, which is where they hide the risks that make them go pop (CRE, Bonds, leverage etc.....).