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Share for share from what i see worst case for current holders wanting a a quick pay day will keep waiting on these numbers..
50m equity bank
2.5m R8
50 ÷2.5 = 20
20 R8 share for 1 new Bank share
Example 10,000 R8 shares after will be 500 shares
Anythoughts
Let’s hope the news is worth the wait.
Looking positive as far as we can tell though.
See you in a few months.
Will they un suspend this share and allow it to trade when announcement made and details known to market for transaction ? or will it stay suspended until end August ? thoughts ?
The parties now believe that completion of the Transaction will be on or around 31 August 2024
Tock
Bit coin 🪙
MODE.L) said Friday the completion deadline for its proposed takeover of Redwood Financial Partners was extended to July 1, 2024. If i read this correct this should be completed before this date
Finally, when it comes to AIM, should the securities of any company be suspended for six months, the securities will be be cancelled from trading unless an extension has been granted.
6 months I think then need to apply for extension so by 1 st April should know if they applied to extend suspension…
Same subwoofer. I had written mine off a long time ago and was just waiting for a bit of a rise on any news prior to the suspension to take the losses and write off against CGT. I am ok for this tax year now, so like everyone will just wait and see. Still looking at a big hit, but anything I can get back here will be seen as a bonus payment. Not expecting much, so expectations realistic. Good luck
And this will go out of the stratosphere
Bitcoin going crazy and crypto in general going to have a great year
Directors of redwood also said crypto banks are the future
......
So how long can a share stay suspended??? I would be happy now to see this go, and get the lose of off the books!
One less day till news
JR has set up another company, R3 Sport, to promote padel and set up a Super League for franchise teams:
https://www.cityam.com/redwood-bank-founder-jonathan-rowland-aiming-to-corner-padel-market-with-r3-sport/
Sounds great, but I'd prefer him to be completely focused on getting a great deal for MODE shareholders as the takeover of Redwood Bank progresses.
Let's hope when it comes, it'll have been worth the wait!
Tick tock
At least only max 3 months till news ..... lal
Paddle board company league etc and has millionaires backing it also surprisingly
As long as it positive terms , I will be happy with any increase really however i do expect it to be at least 100% rise on current price on reopening Min but as long as its nothing - then i will accept it also
They'd need to swap £5m of equity and not £50m to achieve the speculations people are making. I'd love to be proved wrong but, the crypto licence does not add the value anyone has suggested.
And I'll be doing the same. I cannot envisage any set of events that will translate into the wild price speculations posted on here.
Completely agree, this is just a cheaper vehicle to get Redwood bank listed. If I see 5p on re-open I'll be gone and never seen again.
Difference is it will be a bank with a crypto license not a app
Hasn't this share gone from the 80s down to 2p, and all that time it had a crypto licence, an app, held bitcoin, a raise.. why is it going to be any different this?
It doesn't hold bitcoin, the app has been wound down, trading assets wound down, does it even have a licence anymore?
Come on redwood, mention crypto license