Member Info for Dingodog1

I agrees trillsg. If a small time company invents the cure to a major disease, said cure is worth billions irrespectable of the fact that said company is small fry. Just apply that to non-public companies that are sold for millions, even billions. The value isn't set. Being listed doesn't result in transparent fair value at any one moment in time. Those that believe put far too much faith in "a share is worth what someone is willing to pay" (as far as AIM is concerned).

The fact DVRG is worth £25/30m based on an open market, in which the commodity traded is a DVRG share, doesnt mean that the IP within DVRG isn't worth more to a wider audience/market.

It is too simple to say "DVRG is only worth £25/30m MCAP based on today's share price x shares in issue, therefore every IP it has combined and more is worth £25/30m"

Just isn't true. The majority of those who have such say at present are small time investors and traders, some of whom would sell out for 10%!

I won't hasten to put a value on what DVRG has, but i am adamant it is worth more than current MCAP, and thus why i continue to hold.

The markets, in particular AIM, are influenced by macro economics, incl ukraine/cost of living/impending recession.

Does that mean that the small time investors who hold DVRG shares are the oracle on the value of what DVRG has?? Of course not. In the right hands and to the right people what DVRG has is worth ££££. The price on the AIM market does not determine that

If you disagree with this sentiment then sell and make it easier for the rest of us to buy more.

Income expected to exceed £18m. Works for me. Hopefully we can hit £20m, which is a 10% uplift on that base figure of £18m.

GB doesnt usually over egg revenue expectations. Is more of an under promise, over deliver, type of CEO - when it comes to the numbers i must stress.

I don't think they would put £18m in an RNS if they didn't think it was easily achieveable.

195 per my count this evening. A few weeks ago we were championing the achievement of 200 merchants.

Not sure which ones have pulled out, but Ebay is a great addition

Considering a sale? Or perhaps a merger with a much larger entity? Someone mentioned Unilever recently

Presumably, in order to retain FCA regulation then the FCA need to be content with MODE remaining in business. FCA regulation protects an investors funds up to £85k in the event the platform goes bust.

The fact MODE is FCA regulated means that the FCA see it staying the course. Hopefully adding all the extra coins won't bring that into question

Just received an email from MODE asking me to answer a quick survey. One of the questions related to whether new coins would be of interest, and if so, which i would like to see.

I was offered a wide range, and selected them all!

Perhaps more confirmation that MODE acknowledged that it needs to offer more coins. If it can do, whilst retaining its FCA approval, MODE could be massive

Avanceon is listed on the ****stan stock exchange. It has a MCAP of 25.77bn Rs, which is approx £270m.

Per their website "Avanceon is the leading provider of industrial automation, process control and systems integration as well as proprietary energy management"

This may be true, and they may have the infrastructure to deliver on mass. But they clearly don't have the tech, as they are using DVRG's tech for water monitoring.

Still, not a bad company to be "in bed" with. It further expands the MW/DVRG name around the globe

I agree bemmacolli.

I can only imagine that this hasn't (yet) got more recognition as the contract is with Avanceon, not FIFA/Qatar directly. We are a part of a larger machine. Presumably Avanceon are being paid vast sums by FIFA/Qatar, whereas DVRG is a subcontractor, so to speak, of Acanceon and therefore will have comparatively smaller revenue

If this is the gold standard adopted by FIFA and the olympics it would stand to reason that other events would adopt it. Although it doesn't look like the athletic world championships have used it, nor the womens Euros. Perhaps cost is an issue. FIFA mens WC and the olympics are as big as it gets, with money matching to boot. Perhaps other events can't afford the surveillance. After all, MW has been engaged by a corporate entity, not the Qatar government (although you would imagine Qatar would have had some knowledge)

This is the first FIFA world cup MW has been associated i believe. The cache of that alone should see an increase in SP. The WC is happening in November, so hopefully the revenue (and cash) appears in the December 2022 accounts. The WC ends in mid December, so i can't see how any revenues from this would be deferred

Boom

Does STC not, however, provide a threat to the skin cosmetic companies?

At present thousands of products are sold in stores, many of which may do very little for consumers skin. However, that doesn't stop customers buying them.

The poundshop, for example, sells all manor of knock off skincare products that probably do little. However, STC will shine a light on the products people actually need, which in time will harm the sales of the mass crap. Just think, every Christmas the likes of boots and superdrug chuck out gift sets of bog standard moisturiser and skin care products. The type of thing endorsed by celebrities etc. This cheap crap is unlikely to get a recommendation from STC and therefore STC would indirectly be damaging the mass crap market, which makes the likes of unilever a lot of money.

Unilever love the fact that some consumers buy 10 different tubes of moisturiser, desperate to find the right one. Whether they go stale in a cuboard or chucked in a bin, Unilever still make money.

In a world where people only buy what they know is right for their skin, does it not somewhat reduce the amount of products available and thus hurts someone's bottom line? The counter arguement is, of course, that there are more sales of the "right" products, but i feel the speculative gift pack/cheap tat market takes a hit. That in itself is also a greener way to go about things, but since when did big corporations put green ahead of money?

A devils advocate view, but certainly a consideration on the old SWOT analysis

Interesting. So a local French skincare provider only needs to have "the product", not the market budget. And therefore, if this miracle panacea cures all skin conditions it will be STC that spread the word via the recommendations. STC then takes a slice of the pie.

In an ideal world (for DVRG shareholders) the need for print, tv or internet advertising for skincare is null and void as the world and his dog (eventually ;-) ) simply take an STC test and let the the results dictate what they need. Brilliant, really. DVRG just need to get the world and it's dog to know what STC is. Hopefully the brands will start spreading the word "as recommended by STC"

Good point Smeeno. STC are impartial, where as unilever would ram their own products down peoples' throats. It may we be that their products do the trick, but there would be that question of doubt if the market was restircted to the products of one manufcaturer. It would almost be seen as gimicky. "Sure, i'll take a test and it will ask me to buy Dove. Big whoop, i already buy Dove". An example of what average Mr Cynical would think

In that regard, the results of an STC test cannot be "bought" by a large corporate. If your product does not suit the customers skin then you won't be getting a recommendation, as ultimately STC is aimed at servicing the customer first. Said Mr Cynical would at least feel that STC would be impartial and that the recommendations be broader (even if there was doubt that STC would recommend products for the higher paying brands...)

Certainly looks like STC is on to something big.

Will it become a takeover target sooner rather than later? You'd have to say it would be easier for Unilever to buy STC (less DVRG and all of the MW stuff) than to develop a competitor themselves whilst STC continues to grow?

The question is, what would STC be worth to a unilever? Certainly more than the £20-25m mcap we have at present. I personally would like to see STC grow under DVRG and reap the massive rewards as a shareholder

Sounds like momentum is building. However, STC went live over a year ago, so £1m needs putting into perspective.

However, they have mostly given tests away and it took time to get it off the ground. So a positive that in 15 months they have nurtured a revenue stream that could really take off over the next couple of years. Great work

Current count as of this evening (think i'll stop soon):

Home 30
Fashion 61
Technology 32
Health and beauty 31
Travel 15
Food and drink 14
Sports 6
Entertainment 10

Total 199 merchants

Looks like Rita was telling the truth when she said how close the 200 milestone was. It will probably exceed 200 tomorrow.

A lot of the merchants are household brands, almost all really. And a lot of brands that people will use. The rate of adding them is impressive.

I am not sure how much MODE make per transaction with a given merchant, but they are loading the app with choice.

We really need this app in the hands of the masses. It won't happen until we advertise. Advertising will cost money...

2020 revenue totalled £4m.

Q2 orders for one arm of the business in 2022 is £3m

Unofficial target of £20m+ revenue looks possible. If MW can bring around £10m to the table then its over to STC and labskin to bring in the rest. Certainly possible

The accounts to December 2021 include the 8 months of Ryan Moore's tenure. Evidently this wasn't a success as JR booted him and took back more control to steady the ship in early January.

The results are also 6 months old and covered a period when the only income came from BTC trading fees and about four months of THG pay with MODE.

Since then MODE has established payroll partnerships with Heroes (Feb) and Lano (Apr), and has also launched its affiliate merchant scheme (May). I have been impressed by the calibre of merchants involved.

BTC has also fluctuated a lot over the past 6 months. Fluctuations lead to trading, which leads to income for MODE. BTC was comparatively stable during the year covered by these accounts.

The 6 monthly accounts to 30 June 2022 need to show a major jump in revenues. The foundations are laid and hopefully they can capitalise. As an investor this has been a poor investment to date, but as i don't need the money i can wait out the storm and hope for a brighter future SP wise. The free float is very small here and dilution will be a last resort for JR as he, and other wealthy investors, would stand to lose a lot.

All imo

Whether bitcoin is worth £1m or £1, MODE always make the % commission on the transaction. So a £1k BTC purchase makes MODE, say, £5, regardless of how much BTC the buyer gets.

ARB's turnover, for example, is directly related to the price of BTC. They are the traditional "gold miner". MODE is the trading platform through which the commodity is sold. The middle man slicing off the top. The price of the under lining commodity means naff all to MODE, just like the price of your shares mean naff all to the investment houses when it comes to trading fees.

MODE is the hargreaves lansdown of the bitcoin buying and selling process, not the argo blockchain.

The more buying and selling of BTC the better for MODE