Member Info for Goolang

Shame they threw 65,000 of them under a bus with a faulty BTC wallet.

wow.

so the pay without mode app installed function works?

cliqued

I have Ibstock too. I did not know about Marshalls just Forterra. I will do some homework on these guys.

No, Ryan announced at the end of August in the post AGM and JR said it was the end of August in two separate interviews. It was not informal.....

I expect an announcement this week but it will not be what we expect. It will be EMI licence related.

I don't expect them to launch the pay without mode app feature anytime soon, which is really critical in boosting user numbers. If they do launch next week, i expect it to be less than a halfway house ie EMI licence features/products launched which will basically looks the same as what we have now. :-( and THG not letting MODE be a payment option because the pay without app feature is not working.....so no green light at all.....

Worth noting that the COO seems to be taking charge of more engineers and hiring responsibility rather than the CTO......

https://www.linkedin.com/in/richardmorecroft/detail/recent-activity/

Ummm, ok well a few points here:

Your first point, you need a very high volume of transactions, to make 0.5% a decent revenue number. This leaves the business dependent on cross selling other products and services. This figure does not take into account individual deals done for large merchants (ie the THG Agreement i think is 0% for the first year and commission on the BTC cashback because MODE management were desperate to get in). Finally, they only gave a pay through MODE app only product available at the moment.

On your second point, the fast QR payment option is a payment option and is not open banking per se. Some elements of OPEN BANKING are used for it but OPEN BANKING is more than facilitating a payment method. MODE do not have any products or services that are open baking related compared to what PLAID have for example.

On your third point i agree. Those GEN Z turn into 40 and 50 somethings later on down the line, aiding long term adoption. GEN Z however will ask for more coins as a cash back option as they keep a portfolio of coins, therefore MODE should get there act together and get more coins om board otherwise merchants will find someone who will help them give them what their customers wants.

I am waiting until the next fundraise is over and done with before my next steps. The fundraise could present a buying opportunity because they will need £7 mill to £12 mill in cash to get through next year.

The high performance seems near constant.

The ADMINs on the Telegram Group are shockingly bad. You can't say anything that challenges the companies performance to date. Awful.

I think they are working out how to handle botched communications (promises?) again. They should never have promised to launch with the 'pay without mode app' option.

They need to be held to account for any announcements they make.

MODE do not have a bottomless pit of cash to wait 50 days for launch.

I agree. I do not see it happening either. JR said they would launch at the end of August in the Investor Telescope podcast a few weeks ago as well. Usually, they delete the interviews from the net when they back track. Difficult to do with the post AGM presentation unless they edit it.

There is a Telegram group but you are not allowed to highlight any negatives about MODE on that forum.

I am not hopeful given the performance of the company over the last 6 months.

Ingenuity sell off and also MODE going live with a new payment option in the checkout. Bitcoin Cashback Payments with Open Banking will launch this week, maybe tomorrow.

Should be at £2 by now. The dilution over the last 6 months has not helped at all.

Paypoint coming out of the gutter after 2 years of stagnation.

The skills and infrastructure exist for MODE to enable these products quickly. Furthermore, it will take alot of volume in transactions for MODE to earn £500k in open banking commission per year with an open payments product that does not work yet. There is no focus on the low hanging monetary fruit of crypto trading and it is to the shareholders detriment.