Member Info for IlIllIlI

If there were any they'd have said by now. Instead they've said they have an MoU with THG to start integrating from the end of Q3 (ie in Q4 for hopefully a 2022 Q1 launch).

No-one in their right mind will implement a less than half-finished payments service to handle money without an amazing kickback.

Judging by some of the people here, they know rather than think. Anyone who buys from that shop is an idiot.

The smart money sold out. The smarter money will check in a few quarters down the line to see if they're close to delivering anything that has merchants, a cross-platform product or customers.

It's shoddy. This was touted as a big launch in February's RNS. We were told by Jonathan himself on a Proactive vid in February "We've already signed up several launch partners/merchants". Where are they? THG doesn't count as it won't start till end of Q3. After a bullish March RNS about the launch we had a surprise downgrade to a public BETA weeks before the deadline. When asked about pre-launch marketing they just refused to say what they were doing. No upfront knowledge of launch date and no pre-launch hype. Now we get a thursday lunchtime "launch", Android only, only one merchant (themselves). The only revenue source is disappearing in a couple of months with no info on what will replace it and all that's left is a reward scheme with no merchants from launch that's easily beaten by credit cards and banks already. The MoU discusses integrating from the end of Q3 (ie Q4), but what's happening till then?

We're being taken for mugs and it has to stop. They didn't launch anything, they tossed it into the sea.

It's the payments beta launching with their own merchandise shop on Android only, not the super app.

Hi all,

I hope you’re all well. Please find below this week’s Q&As:

How much is budgeted on advertising for the new payments feature?

I cannot share specific information but Mode has a designated marketing budget for its own brand awareness and acquisition campaigns, as well as for co-marketing campaigns with merchants.

Is Mode planning to target online sports betting companies?

This year we will be mostly targeting fashion apparel, food, consumer electronics, cosmetics/beauty, jewellery, home apparel, education, sportswear, game/e-sports and travel verticals, as these are the verticals we are confident we can attract the most customers in.

In terms of size, we are focused on all sizes, large merchants to drive scale and brand recognition, and SMEs to accelerate market penetration.

Finally, I've also received a couple of questions re the reason for the Public BETA launch. Please note that this is a full public release that can be accessed by everyone via Google Play. It’s very common for tech companies to release completely new products under the label BETA in order to continue learning and improving from real-life transactions. We're very excited to you show you what we've built - coming soon!

@nuri123a I'd love to know the maths behind how you reach that valuation.

Sold out a while back but if this keeps going I could see a re-entry. If you're feeling over-exposed might be best to either reduce your exposure or just not look. It's possibly not a bad point to buy if you wanted to average down. I suspect next month Bitcoin will have another run at 60k again, Pluto will be closer to listing and the Nasdaq listing should be closer. Plenty of catalysts to come.

Funnily enough we got coffee and I was impressed. I'm not sure the people there knew that. The sitting area was outside Starbucks but not Greggs. I also know some people like Starbucks' distinct taste (not for me but I know people who like it).

Topped up around 665. At 800+ it's expensive for me. At 650-700 it's not.

Got mine in AJ Bell, but it shows up as identical to the regular share - same amount, same price. Just Hammerson PLC Prov Dividend Scrip Shares.

I assume something will happen to make it all make sense? Has anyone who's had a scrip on AJ Bell seen anything like this before?

Went to a Greggs on a trading estate next to a Starbucks drive-through. They were limiting customers to 4 in the shop at a time, but there was a constant queue outside at 2:30pm! Lots of tradespeople but quite a few grabbed food from Greggs and coffee from Starbucks, where they sat outside munching away.

This was a Greggs I think only opened in the last year or so. Had a real Peter Lynch moment watching people from the car. Definitely happy to hold and waiting for a pullback to top up.

@Dingodog - the regulatory framework is evolving and rules keep changing. The more coins added the harder it is to keep up. Bitcoin is fairly straightforward, it's a token that most regulators in the UK (and US) understand isn't a security. Each coin requires effort to add, and if it's a security may cause further regulatory complications.

TBH at this stage I think they've got the right idea focusing on merchants and getting open banking. Other tokens can always come later.

As I write we're at £1.70. I have $2 being around £1.45. If we were to fall below that, does anyone know how this would impact the Nasdaq application? Also would any impact need to be a wick under or a full close on say, $ARBKF?

You're not alone. I've sold out my short-term position but am putting some aside for re-entry once confirmation of the bottom comes in. Freed up cash for other opps and I'll have some left over to scale back in. Still have a smaller long-term sub-100p position riding for now. HODLers should just switch off till final results come out. I'd be shocked if there wasn't a boost from that.

Still in my LISA as that has longer timeframes but sold ISA holding out completely. If it hits 1.50 I'll consider scaling back in. If not, it's been a good run but I have other bags to fill. Financial results should be out end of month. Could be a good opportunity if we stay below £2 in the interim.

The company's doing great if you consider never-to-be-deployed crypto HODL net cash. Mr Market may see that in the future but isn't there yet. GLA.

What would that explanation even look like? Do you want PW to break out the crayons and apologise or something? Sounds like you should consider selling or at least downsizing your position. The company's not in a bad way the SP lost momentum due to the placing handling, that's all. That's led to a reset as people took profits and reallocated elsewhere. The Coinbase IPO will suck money out of many other pure crypto firms short-term. Once Argo gets a decent catalyst it'll start moving again.

The management have taken the pxxs in the past at Argo, it's very clearly jumping on a trend and there is very little information about what this company is actually going to do and how it will do it. If you get in on the IPO and sell early you may make a substantial profit but make no mistake it's a punt and there are no risk-adjusted returns from holding this from day one because there's no way to measure risk. You may as well flutter on Binance Smart Chain.

I don't buy Aquis shares generally, I prefer to hold them indirectly. For example, ARB holds Pluto which will IPO on the AQSE later this year. If Argo thought NFT would be a long term success I'd expect to see an announcement from them about buying it.

When you buy an NFT you enter into a licence agreement regarding a string of data (the Non-Fungible Token). The Token is usually based on a standard called ERC-721 which is stored on the Ethereum blockchain (although NFTs are appearing on other blockchains). The data inside the token includes a pointer to a location on the Internet representing the asset. Because the data is stored on an immutable ledger, if the location changes then effectively whatever it was pointing to has disappeared.

What you're buying are access rights to the token, not the asset. In some cases you're not even buying the ERC-721 token, just entering into an agreement regarding "use" of the token. One day an NFT-type token will come along that will provide permanent storage and the legal framework will support actual digital ownership but that's some time off yet. For a better understanding sE4 and sE5 of Christie's NFT additional auction sale conditions speak volumes: https://www.christies.com/pdf/onlineonly/ECOMMERCE%20CONDITIONS%20OF%20SALE%20-%20NEW%20YORK-8Mar21.pdf

If a leading auction house has to put extra legal points in about the "substantial uncertainty as to the characterization of NFTs and other digital assets under applicable law" and talk about restricted rights then here be legal dragons. Main thing is to read the T's & C's for whatever you buy and tread carefully.

On Youtube: https://www.youtube.com/watch?v=-RibLpwA-Sc

Key points:

Mode payments up to 70% cheaper directly into your business account.

Access rich customer insights.

Strong authentication to help eliminate card fraud and chargebacks.

Rewards in Bitcoin.

Youtube Q&A Tomorrow: https://www.youtube.com/watch?v=7-g_nZVB_ig&feature=youtu.be

Sorry about the threading - please read from the oldest post up