Member Info for Dingodog1

A very good find. The government now see it as a sufficient method of testing based on that document. We (potentially) have the product ready to roll later this month. If we can prove it works, with a high detection rate, then we must be on of the first applications through the door. Not only this, but the integration with the app, and thus allowing a (health)passport of sorts is the exact type complete solution the UK gov need.

March could be massive for DVRG!

The catalysts for a rise here will be:

- launch of merchant arm
- trading update (with numbers to a given date)
- a new crypto added to app

Any of the above, in any order, will boost the SP imo.

All the while the numbers of users are growing and we know a marketing drive will be underway once the merchant arm goes live. The recent raise was gearing us up for the big push imo.

The financials for YE 2020 wont provide much in the way of a rise as they will reflect the prior year. MODE has only been public for 5 months and the rise in BTC and making the app more widely available (android) has only really been a factor in 2021.

We are certainly the early birds, but MODE is one big worm. It wont be long before others flock to this share, and it will likely come off the back of one of the above catalysts. The free float is said to be tiny, this will help the price rocket on good news and high volumes

If the microtox BT is proven to work and is approved with the CE mark, then what next?

The health pass will not work unless it is accepted by governments/organisations and that there is universal awareness.

I hope GB has all this mapped out. He has indicated that the main constraint within the cruise industry is the acceptance of the results at each respective port. This makes sense.

We will presumably have this same issue within the UK/other countries when it comes to wider use.

The idea of a positive breath test letting you into a night club only works if it is a generally accepted/approved method. This means the governments/health advisors need to approve/validate it.

If the BT works, great. But its effect will be curtailed if the healthpass is not recognised/accepted. Turning up at a concert with a healthpass is only effective if the venue knows to accept it.

I suppose the cruise industry is a great place to prove the concept and earn us some decent recognition. It is also a self-contained society of sorts, limited to the capacity of a cruise liner. From there we can use it as an example for the next progression. Personally i cant see BT being the device that opens the econony in the UK this year. It would be great but i feel as if far too much has to be put in place to allow it to become universally accepted (unless these conversations are already happening...)

Nail a cruise company as proof of concept and we will really start to fly. From there is anyones guess.

The wider application as an early detection tool (including some cancers) could make the BT an amazing tool for the NHS, or the health concious individuals. I just feel it will take a long time for the BT, if successful, to reach the widespread recognition a lot of us are dreaming of. But from tiny acorns do oak trees grow, and all that!

I believe we will attract some traders of BTC, but, as was highlighted recently, we are not the most competitive when it comes to fees. I believe binance (dont use it or have much knowledge of it) has lower trading fees (0.14%, i think someone said).

I think MODE will win the "new to crypto" crowd. Some of these will try to trade it, which is great for us. The payment arm of the business (Q2) will be a game changer if the launch merchants are big fish. Imagine if we got a supermarket or a major online retailer onboard? All in good time, but i am really looking forward to finding out who the maiden merchants are.

I hope it isnt Steve's car wash and Gavin's plumbing services. Winning these types of businesses on mass will be amazing, but we need a flagship merchant early doors to really set the tone. Imagine someone like ebay

With that level of revenue hopefully raises will be a thing of the past! It is instant cash too. No bad debts or anything. The customer gives MODE £10,000, we take £100 for our troubles. When they well it for £20,000, we take £200. No time delay or anything. Revenue = Cash for MODE. Beautiful

Plus, i assume they make money on the funds they hold on behalf of customers, like a traditional bank does. We are paying out interest of 5%, so you can assume we are making more than 5% in the first place :-)

Over the next 23 trading days we should:

- see the launch of skin trust
- receive an update on microtox BT
- receive an update on microtox PD

All three of these could be huge for DVRG. If the two microtox devices come in then this could be potentially transformational news. We have lots of irons in the fire here, and we are soon to see how these can be forged into the DVRG armory! We also have the existing revenue streams from labskin and MW which are continueing to experience growth. Imo, a lot to look forward to with this share. Lets hope March provides the launch pad!

Good find. When i was in ARB we noticed the OTC listed ARBKF ahead of the announcement. It wasnt a NASDAQ listing (think it was referred to as pink sheets??) but basically the shareholders discovered it before it was officially announced.

If you google OPORF it brings us up on numerous websites with a share price of $0.36 or so. MCAP of $232m (market watch). There is little history of SP tracking so i personally dont see it as a US equivalent of a UK stock. It could very well be a new direction discovered before announcement

Noted, cheers guys. I hadnt seen one of these threads before

In light of "the tweet", how long do we think the ex dividend period will be? (when eventually announced) Anyone holding upon announcement? Or will there be a week or two from announcement to issue date?

In the case of the latter i would expect to see the SP spike before dropping back as many traders drop in and then drop out, netting themselves a spun off company in the process!

I personally prefer the idea of the former. Ie, those that have been here long term deserving the benefits of a spun off company

Ye, i saw it before it was deleted. It stated NASDAQ spin off of imutex to be announced tomorrow. Hmmmm. If info such as that has leaked i am surprised we didnt see a spike in price. Time will tell

Thanks Earache, some useful info.

The base cost would be considered £nil in my opinion as it is the easiest/logical way to determine the true gain in economic benefit.

An alternative is that the dividend is recognised as income, with the income taxed accordingly, with the value of said dividend then becoming the new base cost. So, based on the previous example, £1k of dividend income, £500 of capital gain upon sale.

I do not specialise in personal tax, but i cannot see an outcome which would not result in either of the above becoming relevant. I personally think the former is the most realistic as the dividend in specie doesnt actually provide you with wealth until the share is sold. This echos the treatment of gift relief, whereby the recipient of free assets adopts them at the base cost of the previous owner, to be factored in when the recipient sells. Any eventual gain is based on the original purchase cost.

Regarding the "cost" when factoring in a proportion of an ORPH share, i dont know how this would be calculated. The ORPH price today is not based on net asset value, it is based on a combination of factors. ARB is worth £1b based on its market cap. If it were liquidated tomorrow it wouldnt end up with anything near £1b. Therefore, it's SP is based largely on sentiment/potential. Of course, someone could still consider it to be worth £1b, i'm not saying it isnt per se, but basing a business value of the balance sheet is the most basic metric and isnt used when buying/selling companies, largely due to the fact that is doesnt consider the actual company potential.

Therefore, our base cost in spin off Co wont be based on a perceived pro rate value of ORPH. At least not from what i have ever seen before. ORPH has its own base cost, the amount you bought it for, and will have it's own proceeds, the price you sell it for. Any eventual ORPH gain will be based on those two values

Third one from me :-)

According to HL you can complete the form in app. It will reduce US withholding tax from 30% to 15%, or to as low as 0% if held within a SIPP.

I am not sure if other brokers offer an in app/account feature, but as an HL user i am reassured that they will guide appropriately. There is talk of the non-core spin offs floating on NASDAQ so it is likely most ORPH holders will need to consider this implication at some point

Per a google search:

"If you are a non-US person that does business in the US, Form W-8BEN will establish your foreign status and allow you to claim tax exemption, or reduced tax rates, on US-sourced income. The US has an income tax treaty in place and FORM W-8BEN will establish your eligibility of treaty benefits."

So, completion of said form should reduce withholding tax payable, but may not remove it all together. I have no experience of holding US shares, but i am sure others will

Correct, in the UK. However, overseas territories may still withhold tax on any sale/dividends. Referred to as withholding tax. The w8-ben form is a form completed for the US tax authorities notifying them that you are a foreigner. I believe it results in less withholding tax being deducted, but i have no experience of owning overseas shares directly.

Anyone else have any experience of holding US shares, and the tax consequences associated?

@gbrandon. Thanks for dropping in. Always appreciated.

I am an accountant, but i dont specialise in personal tax.

If we assume a dividend in specie worth £1k then i believe you will be subject to capital gains tax when selling the eventual shares. However, the base cost would be £nil as you didnt buy them.

So, if you sold them for £1.5k then your gain would be £1.5k, not £500.

We are talking NASDAQ though, and US tax rules, w8-ben forms etc. I am not sure how that will all work. I personally hold ORPH in an ISA, but i still think i would be subject to US tax. Perhaps someone else can provide more detail from past experiences?

Does anyone have any experience of how the spin off/dividend in specie would work?

Is it akin to creating a company with say 1,000 shares (overly simplistic) to contain imutex along with a raise of say £200m. If that package is worth say £500m to ORPH holders then get 490 of the shares? (49%)

Or, would the spin off occur first, with a diluting cash raise soon after? So ORPH receive the same 490 shares, but this time from a pool of 2,000 shares, and so only 25% of the vehicle? The additional 1,000 shares (50%) being owned by the institutions.

If the latter, which i suspect is the case, is there a risk that, short term at the very least, that we would be better off with a cash sale?

I am sure we all want the best return in the end, and i do wonder what will generate the better returns. The potential of a new company, or three, is exciting, but the reality is that en masses dilution could hinder any significant return for years

Not my area of expertise i am afraid. However, I, like many, see MSYS becoming another piece in the DVRG puzzle at some point. We already share a BOD member and now have a business relationship with them. All over the past few weeks. Another MWG i think. Promising tech, under valued company

I do think we will see a lot of ARB profits come here. In the past few days the SP has stagnated and fallen a little. Some hardcore ARB devotees believe the story etc etc and they will have been holders for months/years.

However, many will see ARB as a flash in the pan opportunity to make a quick profit. The 20 bag returns in 2 months or so will have many itchy fingers hovering over the sell button.

MODE may not reach ARB market cap, but the MODE mcap is so low that it offers a lot more in terms of short term SP growth in my opinion. A lot of investors look at returns first, underlying company/investment case second (see gamestop!)

I think we have both here. Both underlying company and SP growth potential

I have a sizeable holding and i am optimistic for the future market cap. A question i do have concerns the cash we hold and how significant the cash inflows are at present.

As a public company they are able to raise at will, which will dilute the shareholders. Hopefully we can grow the mcap well before that is required so that any dilution is minimal.

The large % holding by the directors gives me confidence that they wont want to dilute too much. Hopefully we have access to a decent loan facility and would even sell off the BTC reserve before a diluting raise.

Any thoughts on this? The advertising drive will be costly to do right