Member Info for Amt_G18

*how poor the companies revenue really is

Number of reasons, in no particular order;

Assets went from around £33m to £3m (removed from books)
Expenditure increased
Took a loan of £2m in CLN (£1.8m still to be converted)
Fundraise / placing imminent. At a huge discount (dilution)
Lack of data (user numbers). Mainly because there not as expected and low.

The interims SHOULD be released this month, which will show how more the company’s revenue really is.

Don’t get sucked in here with the crypto hype. This company will be struggling to find money to keep the lights on soon

Sell at a loss now and recoup losses elsewhere or continue to watch it diminish and/or go to zero? With the bleak outlook and potential of 500m new share to be added here, LTH.s will not see 10p again anytime soon. A lot better of selling IMO

How can people invest in mode when no one has a clue of user numbers or how even their little revenue is generated? Not only that, but the growing concern of future dilution adding to original investors (IPO) being 93% down makes this a very risky investment.

Ripper - obviously you’ve heard the word inflation kicking about lately.
Modes wages for last year was £3m alone and their revenue was only £1.3m. Which is one of the reasons why they had an overall loss of £9.2m. With revenue decreasing and overheads going up do you really think they’re gonna be a better position?

One more thing that a lot of new investors here are not aware of, modes total assets at YE 21 was £3.476m. At YE 20 it was £38.884m. And no I haven’t got the decimal wrong, they removed the subsidiaries off there books. Which is probably why the MCAP has seen such a decrease. People might want to look into that before shouting about it going to the moon.

Mood - at this price your looking at around 53m more shares to be added IF the CLN’s are converted.

£1.875m worth outstanding. Minus £65k of the directors (you’d like to think wouldn’t convert)

That leaves £1.81m. At 90% of the 5 day average, so say 3.4p is a reasonable price. Divide the two equals 53.24m shares to be added. This is not including the shares to be added at the next fundraise.

People need to wake up here. Modes expenses are not going down, if up anything id expect they are going up. While revenue is going down with people cutting back on spending with the cost of living.

If you’ve made money here, then well done. But I’d get your head in the previous financials before comparing this to Alipay etc and work out where the money will come from to see out the year.

Block - afraid not. Last few weeks it’s been glitching a lot. My mrs has the same drama which I wasn’t expecting. Might just be an iOS problem. But JR did say before it was going to be a struggle as it’s like rebuilding a house while living in it. I can’t see how it will stay live while adding the extra coins tbh.

Mode stating that they asked the FCA for approval of something they didn’t need, is like me asking my parents if I can have someone round my own house.

The App is struggling as it is. How will it cope adding 10 more coins to it?

This idiot has also been trying to ramp Cineworld. Says it all really.

They’ve not been inside the top 200 for a long time now. Everyone knows they can get free trading elsewhere.

Yes the added Affiliate scheme is good. But the cash back rewards are nowhere near good enough, especially as a returning customers. Even more annoying is that you can’t use promo codes, which is madness.

I save so much more using a promo code alongside my crypto card with 2% cashback.

Oh and I’ve got a Metal Visa card with it. Very smart. I recall mode mentioning a card some 12 months ago now lol.

It annoys me how they spout so much rubbish to entice unaware newbie investors and then leave them there to hang out to dry.

I’m a fan of mode. Have been since March 21, but their change of plans and hideous accounting procedures has put me off massively. Not forgetting the buggy app and the unnecessary fees.

I use crypto .com. Free deposits through bank transfers, free buy & sell on ALOT of crypto and best of all, 2% cash back on all spending. What’s not to like about that? Just a shame mode couldn’t get anywhere close to it.

You need to get your head out the clouds for a bit. And/ or stop ramping so much.
Have you even tried the App? Consistently buggy while they try and completely rebuild it.
Huge concerns over funding. With 94% of £2m still left to be converted (CLN’s).
Revenue decrease due to lower demand and lower price of Bitcoin. (Interims next month will show).
Previous plans for placing fell through due to low investor take up, which then led to requirement of CLN.
A fundraise or placing is required to continue operating, which will come at a huge cost to existing shareholders (dilution).
So can you stop with the ramping and trying to entice unaware investors just so you can make your 10%.

Very well orchestrated on Twitter. They’re gonna make 15% for the second time on the same share. Madness. Should he illegal.

Looks like we might be expecting a TR1 soon. They are no longer on the list of significant shareholders (finally updated). But they were when the EOY accounts were released.
‘The beneficial owner of Ruskin Capital Ltd is Mr Rowland’s father’ which is not a great thing to see.

CLN’s haven’t got the death spiral finance name for no reason. The problem is, as the share price continues to fall they’ll just get more shares for their money.
They’re then converted at 90% of the 5 day average price and then immediately sold for 5% more. It’s a very quick way of making a profit for those that took part. But sadly leaving existing/LTH’s more and more diluted.

Like it was mentioned the other day, IF another 50m shares are added (which is very possible with £1.875m outstanding, especially at these prices) then the MCAP would need to be around £73m for the SP to be back at IPO of 50p.
This is why more dilution if horrendous news for LTH’s and why a lot are jumping ship.

Vela invested roughly £316k. And it is now worth less ham £25k if they would of sold at 4p. I don’t think they want to take that loss and will just ride it out now.

Are we calling that 255k a buy as well? ??

Haha pull the other one! You will see with the interims next month that revenue has dropped. Rita mentioned areas haven’t been as popular because the current drop in crypto.
Further dilution for shareholders on the horizon with more selling of the CLN’s and still no user numbers released. This is not a good place to be invested.
I definitely wouldn’t hold your breath if your expecting ‘soon’ to be any time soon, I doubt even this year.

That was someone selling their converted loan notes for 5% more than what they converted for last week. They would have got 8% interest repaid after a year if they didn’t convert. Think I’d be happy with the 5% in a week as well. Expect a good few more converted and sold in the coming weeks/months.

It’s because JR decided to look after his mates and not open the fundraise up to ALL shareholders. LTH’s would have jumped at the chance to take part in the deal and not sell