Member Info for Fagen39

Things are starting to move.

UK propose that digital assets are classed as personal property & data centers are now classed as critical infrastructure.

These show that the government are stating to move forward on embracing the changes needed for a company like Redwood/Mode to exist and thrive in the UK.

GLA

When you start to see the first headlines of the UK laying out crypto adoption updates (positively) the MODE update will come very quickly after, but until the UK start to move forward on this agenda (like the US) then nothing can be announced here.

GLA

Need the UK to move forward on their Crypto stance so MODE can time the announcement here. Unfortunately it doesn't look very high on the agenda currently so we may have a longer wait.

Lovely Indeed

As US interest rates drop and money moves back into the broader global markets from cash and the US big 7, CARD is one I can see as a gem in the UK alongside a few others.

GLA, the next year here should be great.

Good choice, miner squeeze in happening. Overall hashrate is down today, ARB is one of the first ones that will fold IMO.

Good set of results, should propel us back above 10,000.

People are still spending on their favourite hobbies.

Unless I 100x my investment the juice is not worth the squeeze............

Thanks I missed that last night.

8p per share cash offer for GRC this morning rumoured on Twitter. Haven’t found any other announcement yet.

A very clean (easy to understand) set of results. Better than most would have expected, still doesn’t make them sustainable post halving……….

Hash rate at all time highs, but going to be a while before these companies admit the inevitable and switch off rigs.

No additional detail than 'in line' and Divi moves to £4.20 (vs £4.15 LY)

I hope you're right it feels like it would be a simple exercise based on that and we just own c.4+% of the new 'merged' business.

£100m would be realistic if they have a growth narrative of 'crypto'.

GLA

Somebody has to put the £50m into the company to create the new shares at a positive value.

If no extra cash comes in then the £2m company is still only worth £2m no matter how many shares are issued.

R8 have to raise £50m for the RTO, its still not clear how they are doing this.

Thanks I had forgotten that they had stated that it's shares not debt.

But how do the new shares come into existence to generate £50m the funding must come from either existing shareholders (us) or new shareholders which is more likely.

This is a kids ISA gem, as UK listed.

Not much else in the UK that will give you such good exposure to Blockchain blue chips......... This should be a must have in any Kids ISA, at least for the next 1yr to 18 months.

GLA

Nobody can say that as we don't know where the £50m is coming from for the RTO.

New institutional shareholders (on what terms)

Retail Shareholder H fund raise (probably too small to move the dial)

Debt (on what terms)

Another method

We just have to wait and see but I am hoping for something that doesn't dilute us into insignificance.

GLA

Everybody is taking on maximum risk with this so would like a significant return on the risk taken when buying at 2-4p.

Lets see if the Crypto narrative plays out, the UK are still very far behind other parts of the world (no ETF's, no relaxed tax rules, no airdrops, no staking, no on/off ramps, no green lights for any CEX's or DEX's)........ They have a long way to go and its not really on the UK agenda.

GLA

Interesting comparison using very crude numbers Redwood has about 5% of the Tesco Bank Assets (£570m vs £9.9bn) & Deposits (£4870m vs £8.5bn).

Tesco just sold for £600m which would crudely put Redwood at £30m.......

In reality banks are more complex than this but £50m RTO feels like top £ for whoever is selling out of that side.

GLA

Remember to look at 'market cap' not just the 'share price', that will catch a load of people out this cycle.