Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
As i understand the merchant arm is:
- amongst the cheapest, if not the cheapest, merchant service available (0.5% per transaction)
- will utilise open banking and thus be one of the quickest, it not the quickest, payment options for consumers
- offers BTC rewards which are likely to be more appealing to younger demographics than website/store loyalty points
The above three points seem to suggest that MODE offers a win win proposition for all involved, plus looks to be one of the best, if not the best, in class.
Please feel free to correct me if i am wrong with any of the above.
There was a time, in the not too distant past, where the build up to, and aftermath of, a CF presentation would lead to a boost in the share price. I wonder what we will see this time? I for one still have faith in ORPH the business, but recent events (mostly share price related) appear to have changed some minds about CF the leader. Hopefully he is on song tonight and we can start to reverse this recent trend of SP regression.
Link to the MODGF stocktwits board:
https://stocktwits.com/symbol/MODGF
49 watching (up from 40 over the weekend) and posts starting to pick up.
By comparison ARBKF has about 18k watchers...
But ARBKF had 0 watchers once, just as we did.
It will be interesting to see what affect, if any, the live listing has come 2pm
I dont think we want an ARB style rise here. Dont get me wrong, as an investor i would take it, but what happened to ARB was not sustainable, the price crashed back down to earth and has left a lot of investors under water. The ARB board is full of arguements and disagreements these days whereas it used to be a small crowd of loyal "argonauts" as they refered to themselves as.
I hope those early adopters sold out at £3.20 the february high, from the lows of around 7p! Anyone holding ARB right now is hoping for gargantuan rises. With a mcap of £500m and BTC all over the place (albeit rising now) i cant see it.
With a market cap of £45m MODE offers massive upside potential. If we see an astronomical rise then so be it, but i would prefer something more sustainable that doesnt attract the vile side of the investing community in its wake
We are in MODE at the right time imo. If we do see a massive rise then we will be the winners. Take note of the names of the contributors at these low levels. They will be the real winners over the next couple of years, not those who arrive with the herd, whenever that will be.
Good luck all holders
I wouldn't say ARB was necessarily known about. Its trade was easily relateable to other miners, mostly in canada. The pink sheets listing highlighted an extremely under valued bitcoin miner and the rest is history.
MODE is a BTC trading platform with a new payment platform utilising open banking. The US markets would recognise and understand that, even if they have never heard of MODE the app/platform.
I would go as far to say that trading platforms and payment platforms are more widely known and understood than bitcoin miners. The likes of paypal and binance/etoro etc are more widely know than argo blockchain, for example. I would agree no one knows about MODE at this moment, but that will change. Savy US investors wont wait until MODE adverts are all over the tv before deciding "ive heard of those guys! Time to invest!"
I would apply the same logic to my own investment. I had never heard of MODE but invested based on the value i saw in this company based on my research
MODE may or may not surge on OTC going live, but i dont expect it to fall either. I also think the 40's will be a thing of the past in the next few weeks. All imo, of course
My guess is that it's a hint. MODGF is the OTC ticker (see stocktwits).
Perhaps an RNS on monday morning. If so, the fireworks will start as we warm up to the US market opening at about 2pm our time.
When i was in ARB in Dec-Feb the US open always gave a boost. It was also nice to be able to watch the share price move up in dollars whilst London was closed. Always gave a nice opening boost the following morning
Not a guarantee with MODGF, but its BTC related plus more. The US market values this type of company at higher valuations than LSE
THG is garnering the most attention as it is pretty much the only company we know of at this moment. However, JR has confirmed that they are regularly being contacted by merchants (big and small) who wish to use MODE, above all else, to save money and speed up the time it takes to receive the money.
When the lid is lifted on the number of merchants offering MODE then i expect significant growth from this level of SP and MCAP
According to this document from the MODGF stocktwits board:
https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.otcmarkets.com/financialReportViewer%3Fsymbol%3DMODGF%26id%3D293780&ved=2ahUKEwiwwcLe9ZfyAhXLPsAKHceHAhMQFnoECAkQAg&usg=AOvVaw1ROY9OgKBWoM1pNogL75ee
Mcap is struggling to push beyond £50m, although it is testing 48p again and again.
JR believes we are under valued vs competitors and i would tend to agree:
- FCA regulated (unlike most/all competitors)
- A crypto trading platform that is already live (proof of concept) and can be expanded to include more coins if desired
- A payment platform that is going live very shortly and has a number of merchants signed up including THG and a cancer charity (proof of concept).
- crypto rewards (suits the average millennial more than nectar points!)
The payment platform will be fine tuned in time, but essentially the next hurdle is to get as many merchants signed up as possible as MODE slowly grows its market share.
Imo all of the above results in MODE being under valued. Add in the team driving the business forward and their background and you start to realise that this app wasnt developed by a uni student in their spare time. It is developed by people who know the market they are taking on.
I dont think MODE will get the chance to become a household name like VISA, PayPal or Mastercard because i think we will be taken out long before we get the chance. I haven't a clue how much for, or when, but i would imagine within 3 years and i wouldn't bet against the value being in the billions based on the takeover price of other similar (albeit bigger, at present) fintechs
The live listing on OTC (MODGF) will likely be the shot in the arm the SP needs.
All imo, but £40-50m looks undervalued
Thanks for that gidget, so q4 most likely. Hopefully by Christmas
Good point Gidget, i hadnt grasped that aspect of the RNS. Presumably we have been suspended from trading as the relisting will be on the main market
The next question relates to how long it will likely take for the RTO to take place and the shares re-admitted for trading?
A similar RTO occured between spinnaker opportunities and Kanabo Research (KNB). A quote from the earliest spinnaker RNS i could locate:
"Further to the announcement on 26 February 2019 regarding the proposed reverse take-over of medicinal cannabis company, Kanabo Research Limited (the "RTO" or the "Proposed Acquisition")"
KNB was admitted to trading in February 2021, almost two years after the target was identified.
However, it doesnt look as if spinnaker was ever suspended from trading based on a scan of the RNS's (unlike UKSPAC). The RNS indicates a name change after a number of updates concerning the progress on the RTO.
Perhaps the circumstances surrounding KNB are not so similar to what we can expect here, but it certainly took a long time for spinnaker to become KNB from the point the target was identified
Skin trust club:
Capacity for 20,000 tests per month, 240,000 per year
Plans to expand to the US and China at a similar level. That is capacity for 720,000 tests per year.
However, most subscription packages require 4 tests per subscription, which uses the facility capacity, so divide by four tests per customer equates to around 180,000 customers. Average subscription price is around £100, so around £18 million revenue a year
The data acquired from such an expansion will be worth billions eventually
Lots of potential!
You need to divide by 2.98 to establish the equivalent value in relation to ORPH. 10p / 2.98 = 3.35p
Thanks for the detailed post Gerard, i know it will be appreciated by the wider community on this board.
I am an accountant by trade, but sticking some pretty words together doesnt sound too difficult, does it? ;-)
Jokes aside, its seems we are set to go. I appreciate you are privy to more than you can divulge, but i imagine the next 6 months are going to be very exciting, whether you are able to agree or not :-)
The humanitarian benefit of such advances cannot be understated, and the world really needs to take notice, but hey, nothing wrong with us all making a tidy sum in the process!
Let that sink in. Why wouldnt governments world wide want to have this solution? Why continue to insist on shot in the dark tests at the taxpayers (and planets, due to plastic) expense? Why not invest taxpayers money into a solution that provides a future-proof pandemic detection system.
PD works. Its through the trials. DVRG are near to agreeing a deal to provide a worldwide distribution network to all who want it
We have the answers to some of the pandemic questions. It's called microtox PD. Come and get it!
Are we sure it was definitely a buy? At a price of 32.0p it would have to have been well timed for the last hour or so. I bought at 1pm for about 32.6p. The SP did dip since but a buy of that size probably didnt occur at the click of a finger and would have needed working through
I can never trust the buy/sell metric on this site. It always seems to base it on the average SP, or whatever it is they do.
Can anyone confirm it was definitely a buy?
It's been theorised by others on this BB but the SP has dropped to the early 30's in recent weeks, coinciding with CF's desire to buy more shares. I wonder whether there is any SP management afoot? Is it even possible?
CF indicated in the recent meeting/event that he had already tried to buy more shares but the nomad said he couldnt as he held inside price sensitive information, which he expects to divulge in the "next few days" of the meeting.
The fact he tried to buy post results does suggest he wanted to take his moment when the SP was depressed. He had missed the POLB spin off but given he will hold additional POLB shares (much to the chagrin of a certain poster) perhaps he isnt too concerned.
This as-current witheld/to be announced news is likely to spark a rise in SP, at least based on CF's comments. It looks like he cannot buy until it's RNS'd which may in turn force him to buy at a higher price, which no one wants to do if they can avoid it. Has CF tried to "avoid it" courtesy of SP management in terms of RNS releases? It doesnt look like the nomad allowed him to buy when he wanted to, but he still tried.
When he buys the SP will respond well, so i think we are due for a nice increase over the next week or so, but naturally he wont want to over pay
Can anyone recall the historic mcap of the company over the past few months? I have recently topped up at 32p and note that the mcap is showing as £65m on google? I dont recall it ever being that high, at least not at 32p. I wonder whether google has updated its register for the new share issue already? Officially they havent been approved/issued, although i expect that to be happening as i type