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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
Crpyto license bank / bitcoin boom / redwood growing / right circle of friends (money)
think its looking to be timed very nicely, the only thing we dont know is the terms of the deal what are we getting 1% 5% 10% of the pie, personally cant see it being less than 10% as he has got alot of mates tied into mode at listing and wont want to burn them where as redwood bank 1/3 of its is the government so can burn that pie
Rowland set up Jellyworks in the dotcom boom which was valued at £300m and then sold at £67m, right place at the right time.
Rowland also tried to set up Jellybook in 2012 (when facebook became all the rage), trying to be in the right place at the right time again.
The Mode, trying to be in the right place at the right time again.
Jellyworks and went up over 20x in a few months.......................................
These kind of circle groups tend to care about buiding a legacy and with that so will alot of wealth grow too
Think your find Johnathan master minded another buisness before mode that was floated on the markets which made some lucky people a lot of money if memory serves me right,I am sure someone on here will put the name of the company up here,plus his bank going from strength to strength,the circles of friends he associates with him are a massive plus
Whars the track record of this Board of Directors?
20p and ill be over the moon 🌙
If all goes to plan and I expect a lot of hype and excitement on this one I would think it will open around the 10p but push up around the 20p through the day,then probably drop back a little that's what I am hoping for anyway
Demolition123, being valued at £300m will offer us no help as Redwood shareholders would not except £50m worth of equity for a business valued at £300m.
To open at 20p Redwood would have to sell at £50m and then be worth £500m, it's never going to happen.
Now, as a leak revealed a controversial central bank digital dollar could be closer than thought, Wall Street giant JPMorgan has suddenly changed its tune on bitcoin and crypto exchange Coinbase thanks to the arrival of institutional "fomo." Could it be same for the pound ?
I hope they still got the license only reason I stayed in here,probably why everyone has stayed in as well ? Hope your wrong on that
Demolition123 - I don't think they still have the licence, do they? They did a CVA of their subsidiaries, I think
As said its to do with the licence and possibilities
Ps just realised I hold just under 1% of the company 🫣
It's how there going to utilize the crypto license with there current buisness model as everything is going digital,with bitcoin making big advances it's looking very exciting
But the company doesn't have anything to do with Crypto anymore? They sold all of their bitcoin. And didn't JR's associates pile in before and then the share price crashed
Quite possible this could be valued at 300 million plus all going digital combined with cryptocurrency so possible this could open at 20p plus when it relist does it not ? Definitely think investors will take a punt here,I bet the the big boys Johnathan associates with pile in on this,one to watch as could relist earlier than planned if everything goes to plan,as they will want to ride the high of bitcoin
The BOD really did waste the original mode business. It was very poorly managed and they will need to do quite a lot of work to get back any credibility I think. I'm really surprised this is still going
No gone
Is Rita still involved?
Crober33 the RNS says a minimum of £50m, if they convince themselves it is worth £300m it's not going to be agreed at £50m.
I'm not sure how anyone could value Redwood at £300m when Metrobank is only valued at £233m.
On a good day I can't see the market cap exceeding £100m but could be as low as £20m once the dust settles.
It's fun to speculate
Either way I believe anyone in or below cureent price will do well