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ripperg
many thanks for that I will continue with further consideration of Valerium whilst hoping that the SP of Mode will increase soon as like you I am well down.
No, there doesn't appear to be any crossover between the two companies, they operate in different areas doing very different things.
please excuse me for raising another share on this site but as an investor in Mode for over a year now I have been looking at Valerium with interest but I admit I find the whole bitcoin arena quite baffling and was wondering if the latter is or will be a competitor to Mode. If anyone could give a view on this I would be most obliged.
I rarely post as I generally have nothing to add to what is posted
ripperg, great post, that’s exactly it.
I agree, definitely more of a BTC and shopping app just now. But the way I'm looking at it: the BTC incentives (zero trading fees, BTC completion) gets the users onboard, the affiliate programmes get the business onboard. A great foundation to then push forward with the payment solution.
I admit from what i can see, this affiliate program will be quite profitable especially if they use other platforms not just AWIN (https://bobatoo.co.uk/blog/what-are-the-best-cashback-sites-to-use-when-shopping-online/) but i see MODE becoming more of a shopping app rather than a finance app on the current trajectory. I want to see them sign up with checkout.com as well. All of the big payment options are working with them. I think by the time of the affiliate and payroll launch they will already have north of 200k users which is quite something.
Well I think we know exactly why the plan for new merchants backfired........can't say it was for lack of trying. Those were big (affiliate) merchants. As per Ryan's video we now have approx 100 merchants signed up via the affiliate programme, though due to last year's mess, Mode are contacting them each individually in an attempt to avoid a repeat. I'm ok with that, and the FCA approval, and the charity payment provider progress, and the BTC payroll progress, and the BTC competition, and the marketing which has now ramped up. All of which should dovetail nicely with the open banking payment solution, which is why we're all here!
Don't get me wrong, I'm down by a horrible % on this share, but I still believe in the fundamentals. Last year did not go well in terms of share price or reputation, but I am confident this year we'll do more than turn it around.
Yeah but in fairness what happened to shopify and more merchants in 2021?
For those who may have missed this:
JR comments yesterday (Telegram): Guys you can’t short this share so ignore these fools. Also ignore anybody who claims to know anything about any potential fundraisings. It’s total fantasy. The board is happy with its progress and again I reiterate we delivered on everything we said in the prospectus and all of our targets in 2021. 2022 will see the roll out of new products, business lines and the scaling of the business. Please check out Ryan’s video today. The board and significant shareholders are committed to the company and have no worries about the future. Please ignore the idiots. Regards Jonathan Rowland Chairman and Shareholder
Rita tweet tonight: One price drop doesn’t mean #bitcoin has no future, one mistake doesn’t make a bad company.
Georgia Toffolo: new influencer (1.8 million followers) signed up to market Mode on Instagram, and has a Q&A live with Rita Friday afternoon
Exactly, it was mode and the way they signed up the affiliate to it. Furthermore, the three merchants named pulled the rug form under other crypto cashback affiliate program providers too, not just on Mode.
which ordinary shareholders will benefit from this, those that buy at 5p?
I watched it a don't think he addresses the partner / affiliate issue enough, he just blamed the affiliate for reacting to the 'bad PR', but did mode not cause the bad PR themselves? I was not convinced at all...
Clearly under pressure but wanted to be humble and clear about it. They do not want the affiliate program to fail so are proactively talking to them and seeing if they can offer their payment rail product directly. This will improve margins in the long run. He made a good point about being regulated which means that only registered crypto companies in the UK can get involved in payroll. Pressure never the less. Never addressed the funding issue clearly.
Ryan Moore with an investor update on twitter. Nothing particularly substantial in it. Recaps the last year and talks about potential opportunities. Does provide some clarity on the affiliate program and the PR mess last month.
https://twitter.com/modeplc/status/1480886584073506816?s=20