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I Would think we should hear something within the next week fingers crossed but excited to see what Johnathan with his redwood bank has planned. CRYPTO licensed especially now right place right time could be explosive right from relisting
The Conservative group on Warrington Council has called on its Labour leaders to resign, citing the investment in Redwood Bank as one of the reasons:
https://www.warringtonguardian.co.uk/news/23881651.warrington-council-finance-row-sees-resignation-calls/
Would there be a takeover by Monzo,Revolut,Sterling further down the line once the redwood bank and its crypto license maps out vary possible or could even happen quite quick with one of the three not having a British banking license??? Just think outside the box
It's all about his crypto license in my opion it's just we dont know how its going to be incorporated into the banking system but we no it will be big considering the company he mixes with expect to see some serious players involved right time right place within in the next month or so everything going digital,fintech,montisations and all that
No guarantee of what Crypto looks like when this re-opens. Last bull run people were talking about £100k, £500k and £1m bitcoin within 12 months and then it dropped.
Also IF the crypto licence is used and that is a big IF, does it add value to redwood bank or does it deter investors that fear the unknown.
As Jonathon Rowland has his finger in both pies I think they are using Mode to bring Redwood on the market with less costs than doing its own IPO. The added bonus for Rowland is he may get a bit of a bump on his Mode stock as well as his Redwood, perhaps he pans to offload them which he couldn't do if Redwood was not listed.
If the main intention was to use the crypto license Redwood would have been buying mode rather than a reverse take over.
I'm not saying they won't find a use for the crypto licence, but it may not be of the value people anticipate and it may not be an immediate use. If this was their intention I'm sure they would have included it as part of the initial RNS.
Https://www.thetimes.co.uk/money-mentor/article/what-is-money-and-what-do-banks-do-with-yours/
There is no rush to open this back up, the longer they wait the healthier crypto is and the more likely they are to raise the +£50m needed.
Think most should get good returns here now
Sipp is around 5p (average down) my isa I have bought from 50p plus all the way down but averaged down alot / nearly all in as believed in the rto. Average around 1.4p
Non-ISA is a touch under 10, but ISA is circa 50.
Average around 25-27, can't quite remember. At the low I was more than 98% down and too exposed to small caps to risk any additional investment. In January I was just waiting for the new tax year to write off my loss for this year and cover provider fees for a few quarters, so anything above current level I will see as a return on nothing.
Good luck to those that had a go before the suspension though
What's your average Croc?
Surely, it is the crypto licence that is the carrot for Redwood's involvement?
The range of sensible guesses suggest it really is anyone's guess where this could open at on news.
Being heavily underwater I will just be optimistic on clawing back some of my current big loss, something that was looking very unlikely over this past year or so.
gla
The crypto licensee if used will be MASSIVE for Redwood Bank
It would be nice to hear what's going on. The silence is deafening!
What price could you put on there cryptocurrency license now ? ££££££££££££££££££££££££££££££££££££££
Will be exciting we should get RNS soon with a update of plans for the future
Let's all hope it relist for at least 20 pence that it would be a good starting point but depending on what there intentions our,anything mentioned about cryptocurrency bitcoins with there license this could be anything and if it's a big positive come relisting day there be a vary strong demand to get on here my opion,vary excited
Personally I think 20p
I have tried to research this but can't find much, RTO process Yes, but recommencing of trading No. It appears to me that once the RTO is completed in the background trading can begin. RNSes can be released at anytime as we know. Happy to be corrected on this. Either way I happy.
Gla
Cant just start trading again without no warning, as will need to complete RTO before it can trade again, so will have funding RNS etc first ?
2.25. It will just start trading again with no warning.
What's the general opinion on open price..I know there isn't much to go on but what's the gut feel ?
Well timed also. Rto and crypto about to explode again. Just release a update on the rto and mention crypto license:)
My previous post just another good indication why redwood bank is were it is at the right time right place with its cryptocurrency license,love to be a fly on the wall in Johnathan board room right now listening in how there going to apply and incorporate there cryptocurrency license into there banking practice?? Still say anyone who got in at the current suspended price vary vary lucky gamble and must be extremely excited here,for longer term holders who are currently well down I do think your recover your loses pretty quick hope you all do, we all will do well here it's been a painful hold but things are about to change in a vary positive way good luck all we will find out soon
Bitcoin hit 17 month highs on Tues morning following one of the best Monday's on record as the markets digested a double whammy of positive information emerging from Grayscale and the world's largest asset manager BlackRock
Grayscale bitcoin trust notched up another victory in it's long running dispute with the US securities and exchange commission with DC court of appeals directing the regulators to revisit its earlier denial of Grayscales bid to evolve bitcoin closed ended trust into an exchange traded fund.
Such a pivotal listing would pave the way for bitcoin's trading on mainstream exchanges potentially ushering in a wave of institutional capital into the cryptocurrency realm