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Everything going digital,fintech,Sme,quicker than most people
think
https://www.pinsentmasons.com/out-law/news/fca-plans-new-uk-regulatory-regime-fiat-backed-stablecoin
I understand that but why would you still be holding ? did you not see the RTO happening / suspension, most i know did and held going into it as that was expected to be what would be classed as a "result" with the general expectation of some sort of profit at the end, whether thats 50% -500% all could be likely and as you say -50% could be also depending on the terms but going by the info and history we have , JR retweeting a post saying he was classed as a genius for previous spectacular rise and hoped for the same in r8/mode why would he retweet such if he was going to shaft everyone?
just don't know why your holding if your only looking to trade the share? surely you should have sold prior to the much expected suspension?
Demolition123, if you were correct bitcoin would always travel upwards in a straight line and never drop, this obviously isn't the case. Even if it hits 100,000 today it could drop to 25,000 by July. Agree with Lionswood one day bitcoin will be £1m but that might be 5 years away or 500 years away.
If an announcement comes out before the deal is done saying the licence is being utilised your predictions could come true but would need no dilution to existing shares which is unlikely. At the moment there is nothing that says the licence will be used, they are more likely to try and sell it to strengthen their balance sheet, that's what I'd expect from a bank.
IrnHaggis, still holding because it was a great share to trade. I'm up about 300% through buying low and selling high, also though there was a chance someone would pay between £5m and £10m for the crypto licence. The Redwood Bank deal may see the investment drop rather than go up,
Everyone on here says JR won't do over himself, mates and other shareholders of Mode, but that means a worse deal for the shareholders of Redwood. Pretty sure him and his mates are major shareholders of Redwood. The better the deal for Redwood the worse the deal for Mode.
What advice would you give to someone starting off in banking? And what should we watch out for in the industry?
Firstly, work hard and treat people as you would like to be treated yourself. And secondly, I believe we will start to see an increasing number of digital/tech banks and further significant developments in Open Banking and Artificial Intelligence, Blockchain and Crypto.
Agree with your BTC pricing FC demolition. It is the future, I can see a coin hitting $1m in the long term. Still risky but as Cathy Wood said, $200 a month for the next few years could be one of the best saving investments one could make. Yes she is controversial but her money talks.
Totally dissagree with you mate it's all about the crypto license and bitcoin being incorporated into the banking system,its here to stay and the future,this could give the advantage over other main line banks in a number of different ways,I also think the bitcoin will smash through 100,000 and could even go higher.Everything is heading that way fintech digitization bitcoin Sme my self beleive this will relist at 10p plus and continue rising anyone who is already on board will do well here
Just curious why are you still holding mode when there was plenty of time to sell out if you don't think its going to go up like the rest of us?
IF bitcoin hit 100,000 doubt it would stay there, it would do what bitcoin always does and crashes so unless it was very lucky and hit it the same day could not see this happening.
Also doubt bitcoin is going to play much of a part regarding the valuation of the new business. I think the crypto licence may get used but no one will get burnt on they hype like they previously did with Mode post the IPO, most investors would like to see if the crypto licence actually generates a profit rather than speculation like it was with Mode/ R8.
I've got a bit of skin in the game so would like to be wrong but think all the positive comments on here are blindely optimistic,
...
If bitcoin goes over the 100,000 and looks like its heading in that direction I could see this opening up a lot higher than 10p and quickly gain momentum and go way way higher,all depends on what kind of deal they do.Just hope us share holders get a good result I am hoping all Johnathans buisness associates pile in when this relist
The timing off bitcoin recovery, uk moving into the crypto space, the lack of uk banks with crypto license (not fast to get ) then i cant see why mode/r8 relative share price wont open up beyond 8p however it always depends on the condition and trade in shares we give away
Yes I hope they give shareholders and good deal and I'm optimistic that both technologies will be a market leading open banking app with the crypto modde app all together that would be amazing. And make up for my losses elsewhere over the years trading just need 1 good stock
Hoping they have a large rabbit hidden away, either way think people with averages around this price will do very well
Btc 36k and moving up more, surely another twist to this company restore crypto arm of the business
I hope that all LTH get their money back as if they do i can also retire :D
It will be interesting to see what their new business model will be. It could be the making of a diamond in the rough. Maybe they would have built solid foundations by summer with the potential of continuing growth.
We will have to wait and see, fingers crossed it works out.
Majority seem to think it will spike however no one knows the terms r8/mode will get in the rto to make a better guess
However if I was to guess a number I would say 10p I don't think Jr is going to shaft himself and mates that badly, also think r8/mode will get a bigger share of the pie than expected
Anyone who purchased around 2 p …..what is the opinion of LTH to how this might come out of suspension …..do we expect the 2 p to be easily achieved ?
Will be interesting, no idea of the outcome but excited to hopefully find out for the positive
Just think the crypto license going to worth a large amount to someone if not the redwood bank.The way bitcoin is going seems to be here to stay and incorporated in everyday shopping
Price spike , multi bag, crash no one knows could easily open at 10p as 1p or 2p
as you said its all down to the amount of equity being swapped.
for no reason at all i do think this will bag when opened
Crocqman. Completely agree with you.
Our investment is with Mode/ R8 and not Redwood. Why on earth would they issue updates on R8.
The update we've been given is it will complete on a forecast date. Only other updates expected are the amount of equity being swapped, a change to the date, the deal falling through or a board member leaving R8.
I currently own circa 0.5% of Mode and these updates mean nothing, where all adults that shouldn't need our hands holding. Also have much lower expectations of what this will do when the suspension is removed after dilution, actually think it may drop in price, never going to be the overnight multi bagger some are hoping for.
Not sure it really matters. Shares are suspended so nothing anyone can do anyway.
Whether we are told something now or all news is released on the day the shares relist makes no difference.
If you really want news then follow news for Redwood themselves
Totally dissagree with you anything that's positive relating to all things Redwood bank & R8 Capital Investments I and other share holders should be kept informed as much as they are allowed,when you have a condiderable amount of cash tied up it's only fair that we no what's going to happen not be kept in the dark for the next 6 months