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Would take 20p and could be likely
Think I just want my money back now please. Really did not expect to have funds tied up for this long, could have doubled this by now. Hoping whenever it happens it opens at minimum of 5p. Further hoping of 20p.
😴
Indeed , could updated us how they are proceeding
Even a update to say all is looking good for completion in the coming months
I hope it 10 folds plus re entry as well Djmtrading 91 Johnathan should at least give us an update to keep the loyal investors dreams alive here
Can we trust Jonathan Rowland to deliver? That's the burning issue but it sure is monotonous waiting here for some crumb of news on what fate awaits our collective investments.
Need like a 30x rise to get back to what most folk are locked at from ipo
Your not alone :)
I hope this 10 folds to 20p re entry price
:(
Would love to but who knows , no i doubt we will hear anything till the summer
Do we think we will get one before end March ?
When organisations get in trouble one of the first things they do is sell the family silver to raise cash. It sounds like Warrington Council have an unsuitable debt and also the added factor of public scrutiny. I don't think they will have the luxury of waiting for their investment to grow.
If they did do a private placement they would control the price, probably at a discount but private placements at premiums are not unheard of.
Again think your wrong, they will not sell anytime soon imho and maybe the terms of the RTO will be more so in R8 favor so even less impact
An investment that Warrington Council probably find challenging to sell until Redwood are made public.
I'd imagine they try and dispose as quickly as they can once the reverse takeover has completed. If this is the case would it be a private placement or sold publicly, either way would be a big risk to the share price.
A BBC report today on the current debt crisis faced by many local councils mentions Warrington and its investment in Redwood Bank:
https://www.bbc.co.uk/news/uk-67707156
JGOO LIMITED INDIRECT, more of a liability looking at their accounts. https://find-and-update.company-information.service.gov.uk/company/10805100/filing-history
It says if I read it right
Mode owns
JGOO LIMITED INDIRECT 100% Global Payments Platform with next generation of social media and mobile payments platform this is what's worth the money
Fibermode Limited Indirect Mode Digital wallet including Cryptocurrency
Grey fox Limited Indirect 100% mode for buisness
The 2022 annual reports and accounts have now been published in the 'Filing History' tab in the company's page on Companies House website.
Https://www.ft.com/content/443b2589-0a4a-48ef-872e-3cd52b1b297d
That should make interesting reading ref accounts being submitted hopefully we will hear Johnathan intentions for R8 Capital Finance at the same time.
MODE/R8 accounts had been overdue for a couple of months, but have now been produced.
From the Companies House website:
09 Jan 2024 Group of companies' accounts made up to 31 December 2022
This document is being processed and will be available in 10 days.
Either way a 5/6months wait is going to be painful, i have around 15k tied up here average is below SP but wanting a decent return to cover past dealings ...
Croper33, unless the £9k hit £3k so circa 66% drop I'd not be at a loss.
A lot can happen between now and July once dilution amounts are confirmed and once the intention of the disposal or use of the crypto licence is announced.
I'll get a feel of which direction it is travelling when reinstated. I like to ride my winners and if it's not a winner get rid before the rot sets in.
Demolition123 for 25p to happen it's going to need a market cap of £500m+ on a good day the crypto licence is worth a max of £50m as that is what Mode spent getting it (including costs of setting up app's, websites etc) so probably half that.
After dilution I can see this opening and peaking at about 4p and then crashing to about 1.5p after. If they develop a crypto arm of the bank some may naively invest and push the price up longer term if the market conditions for crypto are favourable.
People seem to think there is a market place for a crypto bank, but why wouldn't people go with a name they can trust like PayPal or Coinbase which exists already. What would R8/ Redwoods USP be to draw people away from household names doing the same thing?
The whole concept of mode was flawed as affiliate cashback websites like topcashback and quidco already existed with massive amounts of partners in place. If people wanted cashback in bitcoin they could have just cashed the money out and deposited with paypal or coinbase. Just like the concept of mode being flawed the concept of there being a requirement for a bank with a crypto division is flawed.
I actually thought the best thing Mode could have done before they waste all their money was do a rights issue and try to buy Top Online Partners Group and tag the bitcoin function onto what would have been their competition.