With many, many thanks to the CEO’s from Zephyr Energy, Power Metal Resources, Scirocco Energy and SpectrumX who entertained and informed us at last night’s investor event. To see their video presentations view here.
Very true upside. My example was based on a fixed value, but true, the reality of a growth in BTC price means buying for £1k and selling for £4k. We get £50 from that (£10 + £40). We also stand to receive a lower transaction fee if the price falls, ie, buy for £1k, see for £500, we get £15 (£10 + £5).
So, the higher the price the better, but whichever way the price moves we still make money.
JR mentioned an expectation of millions of users over the next 3 years or so. That would see revenue of many many millions, possibly hundreds of millions if you consider that each user wont just buy. Many will trade, and regularly. We offer the cheapest trading platform, so PI's that fancy themselves as BTC traders will love us. The more the merrier. Based on the above, if 1 million users trade in and then trade out then we would receive £15m to £50m, assuming each user only trades in/out once. Many will do it a lot.
The merchant arm will also bring in significant revenues, but i am not sure of our returns on this.
The potential here is massive. We just need users. The next challenge, but based on the android downloads alone we are growing nicely! All imo
Very true. ARB is a miner. They live and die on the price of BTC. The higher the better.
MODE lives and dies on transactions. Volatility is our friend. If BTC goes up, great. If it comes down, also great. People will buy and sell and that makes MODE money. We get 0.99% of any transaction. Buy £1k, we get £10. Sell £1k, we get £10. The underlying price of BTC doesnt directly effect MODE, but the sentiment of BTC, either up or down, generates volumes of transactions which benefits MODE.
See MODE as similar to hargreaves lansdown with trading fees. They dont care if you make money or lose money, they still make money as you enter and exit.
I would also add that ARB is very very volatile. It achieved 145 in January before falling to 69 a few weeks later. The knives were out on the BB that day, believe me.
I am in both and i dont want to influence anyone else, merely a statement of my opinions, but nothing goes up in a straight line and buying ARB today could see massive losses if the price were to retrace at the rate it did only last month.
The same could happen here, of course, but our SP growth is linked to business enhancing news. The ARB sp growth is very much linked to BTC sentiment which is very fragile. DYOR
All good points. I personally hold both, so i am less tempted to move more across.
ARB has done really well, but buying in today wil see you "only" double your money IF it hits £1b market cap. It was £30m about 3 months ago. The big winners in ARB are those that researched and bought in 2020.
MODE as of today is potentially where ARB was 3 months ago. I do not expect the same growth rate, but for anyone who wants the kind of returns early investors of ARB have achieved then buying ARB today isnt the answer imo. MODE offers much better growth potential at only £50m mcap. MODE competitiors are billion dollar businesses. With what we have here, £50m is undervalued.
All in my opinion
That is a good point upside. As i understand the bitcoin trading side of the app is seamless, quick and effective. It sounds like that arm of the company is now fine tuned and thus the roll out to android. We seem to be, at the very least, matching the competition when it comes to bitcoin trading.
The addition of the merchant arm is a new concept that cannot be offered by our rivals at this time. This should, in time, sell itself. The only people who really know about it, or have an expectation of its existence, are those holding MODE and perhaps some financial analysts.
The masses that use the likes of etoro etc for bitcoin can now access a better product with MODE (jar, cheaper etc). I personally cant see any users being disappointed by our current offering, but i could be wrong. I dont hold BTC directly.
Right now we offer a competitive product that is regulated. The only drawback at present is that bitcoin is the only crypto we offer. As i understand Etherium may be added over the next year, but there are no plans to add any other at this time.
The lack of currency may put off some crypto-enthusiasts but BTC is the crown jewel at present and we are backing the right horse from the off imo
I am watching saints wolves at the moment and have seen etoro, unibet and sportsbet (with a btc logo) advertised. The unibet advert states "hodl"
We need to be competing in this advertising space. According to a quick google search it costs around £1.2k per minute. This needs to be the next step for MODE. Shout from the rooftops and win us some users.
It would be a good idea to state the headline rates too, ie, 5% interest and 0.99% fees. Making those points when advertising will bring in users of other apps
There seems to be a little disappointment amongst the board members at present. I suppose its due to the fact most of us are either under water or with minimal profit.
To see the likes of ARB and other BTC stocks across the globe fly feels a bit annoying with our share price being a little stagnant.
Our time will come. At present we have a seller (probably a seed investor) and we have also attracted some traders who want their 10%.
The underlying product on offer here is worth more than the £47m mcap, imo. The SP will reflect that in time, and big news is on the horizon (judging by the slip of tongue in the now deleted recent video).
We know the user numbers are rocketing and that we are now on Android. Personally, i think the SP will really start to move when the finances are released and we start to see the monetary connection between users and revenue.
ARB mines and sells BTC and thus a rise in BTC price undoubtedly means an increase in revenues, and thus the SP grows inline with BTC. We are also benefiting, but to what extent is yet to be revealed. Short term patience is needed here, but when other apps are valued in the billions of dollars (both competing apps and apps in different fields) i think we know that the potential here is huge.
Our BOD contains some big players with a lot of experience and connections. They also have a lot of skin in the game and so their views are fully aligned with us mere PI's.
We also have the BTC treasury, purchased when BTC was in the low teens of dollars. BTC is kissing $50k today, so close to a four bag in treasury reserve value. That definitely isnt reflected in the SP yet. It will certainly help the balance sheet value of the company, which will naturally boost the SP when it is known.
Sentiment is strong, fundamentals are strong, the BOD are strong, the assets are strong. All imo, of course, but i think we are well placed to see a decent SP growth over the next few months.
I hold both ARB and MODE, having sliced some ARB to buy into MODE. So, i am well positioned for this BTC boom as i am sure a lot of others on this board are.
Good luck to all holders!
I am not sure of what can and cannot be patented, but i wouldnt have thought that MODE offer anything that can be patented (ie, a product or design), but i am happy to be corrected :-)
Imo, MODE offer a BTC trading platform (not unique) with a USP of the 5% interest with the bitcoin jar. The concept isnt unique, but we do it "better" (cheaper charges, higher interest).
The merchant arm is possibly a unique offering, but based on what we hear from paypal and mastercard etc it is more likely that we are first movers. This will give us the jump on the competition and hopefully allow us to establish a name for ourselves, so that by the time the big boys catch up we are already well established and primed for a takeover.
The tech is almost there. We have a decent offering. The next step is awareness. We need to promote MODE and get the name out there. Crypto is hot right now, and may end up becoming mainstream, so we need to make sure people know about MODE. An effective (and probably expensive) advertising campaign needs to kick off soon
Very possibly the market sensitive info bit. I have been in shares where BOD have made statements or claims in videos that have never materialised. They cant be held to it as it isnt an official company announcement of sensitive news, just BOD ramping. Essentially, saying something that doesnt happen isnt leaking price sensitive information
However, a slip of the tongue and announcing market sensitive information in a video would need rescinding as it hasnt been formally RNS'd. Those that watched such a video would essentially be privy to leaked price sensitive information.
Merchant service going live next week was definitely announced in the video. This is a whole new arm of the business and would definitely need to be officially RNS'd first as it is price sensitive. The fact the video has seemingly been pulled leads me to think that it was a slip of the tongue and they have tried to bury it in the hours since.
If we get an RNS next week regarding the launch of merchant arm of the business then i would suspect that is the reason the video has been seemingly pulled
Interesting point, but is this with minimal to no advertising? Perhaps they want to set up the infrastructure (ie, existence on ios and android) before then stepping up the marketing drive. The addition of the merchant service should help with the uptake and they will need to advertise it to get people using it/knowing it exists
He mentions the merchant business launching next week, unless i am mistaken. This will provide an additional income stream and should start to take off as merchants adopt it and word spreads.
Wealth is relative to the individual. Someone on £200k a year who spends every penny on worthless stuff isnt very wealthy imo. They will remain a slave to their job until the day they retire at 65/70. Someone on £20k a year who puts £2/3k a side for growth in sensible investments will, in time, generate wealth allowing them to retire a wealthier person.
Ive got mates who spend their salaries on "look at me" purchases. I am quite the opposite but feel comfortable knowing i am generating wealth. I earn reasonably well in comparison, but put most of it aside as i always have done. So my lifestyle isnt fancy, but it doesnt cost me much either. In the end of the day i am building for a better future, not a better today
The market conditions are perfect for MODE to prosper. It has a great app and takes a competitive commission. Users of the app, for BTC purposes, should be very happy.
The next step is spreading the word. The ARB and MODE BB are aware of MODE, but that is a very very small percentage of total bitcoin exposed individuals. Word of mouth will help, but we really need MODE to start shouting from the rooftops to get the mass market taking note.
Any premier league season ticket holder (or perhaps even arm chair fan) sees E Toro advertised on the hoardings and i have also seen some youtube/tv/radio adverts that help make E Toro a relative household name. If you are new to crypto you will probably use them.
We need to get ourselves in that position. At the moment we have a very good product but a niche user base. It would be nice to get an update on how they intend on promoting the app.
The business merchant stuff will sell itself in time, but we need the BTC punters coming our way to make MODE the behemouth it has the potential to be
Hi all, relatively new to MODE having bought in back in early January in the 60's. I have topped up since in the 40's and so have a decent average for what may lie in wait.
From what i have read MODE makes most of it's money from a transaction commission. So, from that perspective the price of BTC isnt too relevant. Is someone buys £1k of BTC it doesnt matter if BTC is worth £1 or £1m. We get a 1% slice of £1k.
Obviously, a higher BTC price means a greater slice when people sell (not to mention our BTC reserves) but i dont think a BTC rise or collapse means as much to us as the volume of transactions do.
MODE will prosper from high volatility. With BTC rising i suppose a lot of new punters will want in, then when it falls they will want out. MODE wins either way.
We probably wont see punters buying entire bitcoins (average age of investors is apparently sub 30, i read somewhere), with smaller transactions of say £100-£1k. The more the merrier. A higher BTC price will help but volatility is the winner as weak hands trade in and trade out
I would imagine everything they have done is sailing, just about, within the law. The question will concern whether there was intent to defraud, or, whether they entered into certain agreements with knowledge of the end game. If that can be proven then i would imagine there will be grounds for prosecution. If DS has done this before, as has been suggested, then presumably there are loopholes being exploited. I dont know the history but i have lost money and want to see any wrong doing being punished
The fact the BOD thought it a good idea to remove the conversion option with greencastle is very suspicious, especially considering what has happened in the weeks since. I cant say that this is acting in the shareholders best interest. ICON could have converted to approx 9% (exact never specified) of greencastle, who own JOE. Why wouldnt the BOD want ICON to have an equity stake? The trade off? Oh ye, an extra £25k per month, or whatever it was, with the contract being ripped up a month or so later. Very suspicious
I bought in this morning following research on the company. Lots of potential. We have been told to expect the android app during the first week of February, which is this week.
An android app will increase the reach of MODE to far more people and should see the takeup increase significantly. We await an update, which i assume will be via an RNS
For any investor this comes as an expensive lesson. Always be warry of a company where the shareholders are not willing to invest their own money. Their views are not aligned with the shareholder and they are only in it for the salary. If a director isnt a shareholder it means they will happily dilute at no loss to themselves. Whether the business is a success or not doesnt matter to them too much, at least not from a capital growth perspective.
I have learned this lesson.
I am sure greencastle will appoint the now unemployed former BOD of ICON.
I wrote this investment off months ago, so all i can do is laugh. The reality is the shareholders have been utterly screwed over. For many, this outcome was on the wall from the beginning. I feel sorry for anyone who has lost a lot of money in this
I think that the 2021 target is very very achieveable. As others have said it is Q4 2020 x4 = estimate 2021. Throughout 2020 DVRG (SKIN) gained more and more customers to the extent that we now have 18 of the top 20 skincare brands as customers. This will have grown throughout 2020 culminating in q4 seeing the largest revenue. Assuming no customers are lost, the 2021 target is simply based on a static 2021, no growth, just a year worth of q4 2020.
I believe modern water has also achieved higher revenues historically, as well as only having been part of DVRG since November 2020
I think it is quite easy to see revenues beating 2021 target based on continued operations alone (from labskin and modern water growth). However, the covid angle, if successful, will blow the revenue target out of the water. We also have skin trust etc
If final 2021 revenue is "only" £10m then it will be disappointing in my opinion. Personally i think GB knows there is a good chance of smashing that target. Under promise, over deliver.
"What is mass spectrometry
Typically, mass spectrometers can be used to identify unknown compounds via molecular weight determination, to quantify known compounds, and to determine structure and chemical properties of molecules."
I can see this being of great use in the water monitoring process, if of course GB has identified MSYS to be a new takeover target a la MWG. Like was the case with MWG, the market cap is on the floor, but the tech could be a major stand out performer, in the right hands, and when used alongside the right tech. Exciting