Member Info for JSVan

Interesting to see Redwood Bank is hitting the headlines for good reasons after only being launched in 2017 and now achieving profit. Warrington Borough Council did well to invest a decent sized stake into the bank.

Confident that Mode will be his next major success by 2023 and LTHs will do very well even those that bought in at the top. Obviously different story for those with no conviction/patience and selling at a loss.

Cloud-based business bank becomes the latest of the new wave of challengers to achieve profit
https://www.computerweekly.com/news/252510261/Cloud-based-Redwood-becomes-latest-challenger-bank-to-make-a-profit

Redwood Bank reaches profitability and appoints chairman
https://bridgingandcommercial.co.uk/article-desc-17755_Redwood%20Bank%20reaches%20profitability%20and%20appoints%20chairman

Just a word of caution that this is still at MOU stage and not yet a signed contract. DVRG had signed an MOU with China at beginning of the year and are still waiting for the contract to be signed.

https://redwoodbank.co.uk/inside-redwood/history/

https://www.finextra.com/newsarticle/39146/former-alipay-uk-ceo-rita-liu-on-how-regulators-are-boosting-crypto-literacy

Finextra sat down with Mode’s chief commercial officer Rita Liu – also former CEO of AliPay UK, to discuss Mode’s recent partnership with trade association CryptoUK, and how market players and regulators are boosting adoption and education around crypto.

October 2021 saw the fintech launch its open banking-powered QR payments service on The Hut Group’s (THG) tech platform, THG Ingenuity. The platform’s use of Mode will see QR codes as a key mode of payment for users of the group’s 30+ digital commerce merchants.

Business Leader Conversations with Rita Liu: CCO at Mode & former CEO at Alipay (UK)
https://youtu.be/dgQouFUCmyY

She spent just short of a decade honing her skills and rising through the ranks at Alipay, the Alibaba-backed fintech giant, before taking up the position as Chief Commercial Officer at the feisty fintech group Mode. This is our conversation with the inspirational Rita Liu, brought to you by Knightstone Capital.

Rita joined Alipay in 2010 and was initially responsible for driving partnerships with major Chinese banks. In 2011, she became one of the founding members of the Alipay International Business department and has since held senior roles in business development and partnerships in Asia, the U.S and Europe. From 2015 to 2017, Rita was based in London while serving as Head of EMEA(Europe, Middle East and Africa) for Alipay, overseeing the company’s overall business in the region, including business development, operations and marketing activities.

In early 2018, She was named Head of Canada, to build the firm’s business and strategy from scratch in Canada. She then returned to London to take up responsibility as a leading member in the newly signed Alipay – UEFA global partnership, driving the firm’s new venture into sports as a platform for globalization. She was also appointed as CEO of Alipay(UK) Limited, serving on the board of the company.

Rita made the switch to UK-based fintech group Mode in March 2020, a company with the goal of "transitioning the world to a truly digital financial system." With Bitcoin and cryptocurrency becoming a staple in the portfolios of investors across the globe, the company is well-positioned as the first-of-its-kind financial app in the UK. Although their services cover much more than crypto, Rita Liu is driving the company forward and is already regarded as one of the most influential female leaders in Fintech. Download the Mode app today.

Mode app has started to move up in the App Store rankings which is good to see. Guess that some of the free “marketing” by the various newspaper outlets has helped with that!

Great to see that THG retailers are advertising Mode on their home page. Free advertising for Mode!

Check it out...

https://www.popinabox.co.uk/

Only for traders! LTHs will have a chance to add more on any dip.

Sentiment has completed changed in Chill and can see this moving back to 20s and above before year end due to:
- previous investors who had sold out and were on the sidelines are now jumping back in
- existing holders will have more confidence based on improving comms and may add further to their holding
- more solid newsflow coming which will provide further clarity that the company is executing and progressing as a company
- Viridian improving investor relations massively as evident in recent comms from the company

The above 4 points will put upwards pressure on the SP and of course it won't go up in a straight line due to:
- traders taking profits and moving their trading money elsewhere once they're happy with their gain
- shorters betting against Chill (quite obvious who these are) by opening shorts and spreading FUD on LSE board and Twitter

Anyone making a decision on buying/holding/selling needs to consider:
- confidence in the company's business model, it's products and the business sector
- will Viridian be able to help put in place a strong BOD to lead and grow the company
- current market cap vs potential market cap if the company can execute their vision
- is the company well funded to operate and further grow
- why did new and old investors choose to invest a total of £6 million at a SP of 60p back in May 2021 which valued the company around £127 million back then. They would have expected to see a reasonable return based on their investment.
https://www.lse.co.uk/rns/ZOE/subscription-raises-1636m-lda-financing-cancelled-mslaasodllpzigw.html
- importance of the chill.com domain acquisition for the company and it's future prospects

I've done my due diligence and for me - this will be a solid long term growth company which has the potential to go back to ATHs in a short space of time depending on newsflow and I will be holding strongly and intend to keep adding on any dips. Well done to LTHs that kept holding through the sharp decline in the past 6 months. Hopefully the climb back up will be swift and rewarding for investors!

p.s. shorters and detractors - good luck to you as you're gonna need it if this company progresses on to where I think it will go!

https://businesscann.com/with-its-stock-in-free-fall-cbd-firm-chill-brands-looks-to-boost-execution-and-investor-relations

In a final message to investors, Mr Greiper said: “From the underlying investment rationale in this company, you have one of the largest emerging markets in the world from a consumer brands perspective, and you have clear movement of consumers into this market. That’s a pretty good investment rationale to bet on.

https://www.viridianca.com/team/scott-greiper

Mr. Greiper has had a highly successful 30-year career on Wall Street and in his own businesses, with a track record of helping to identify, advise, finance and buy/sell best of breed emerging growth companies in newly emerging industries.

Yep market cap is around £49 million.

141,542,328 shares in issue after the recent placing.

Kelloggs is the current owner of Pringles.
https://www.kelloggs.com/en_US/brands/pringles-consumer-brand.html

The award by P&G is good news though for Salarius. More exposure in the industry for the company.

Considering that 5nm chips are already available which offer better power efficiency compared to 7nm chips if you read the article below - by the time QBT have developed an enhanced 7nm chip which may not match the 5nm chips in terms of power efficiency - will there still be a market for these enhanced chips?

https://africa.businessinsider.com/local/lifestyle/most-powerful-cryptocurrency-miners-released-by-asicway/lk0wnd0

13-Oct-21 13-Oct-21 Buy Damian Sanders 297.56 GBX 16,709
06-Oct-21 06-Oct-21 Buy Zillah Byng- Thorne 408.00 GBX 12,174
06-Oct-21 05-Oct-21 Buy Iain McDonald 422.99 GBX 25,000

Matthew Moulding, CEO commented:

"We have delivered a strong trading performance in Q3 and enter our peak trading period with confidence. The recent successful migration of Cult Beauty onto the Ingenuity platform is testament to the resilience of the infrastructure and the expertise of our digital talent. In under 10 weeks we have seamlessly migrated Cult Beauty, whilst delivering significant website and customer user-experience improvements at the same time.

"I would like to thank all of our employees given how much they have achieved in the 12 months since IPO. Our talented workforce has grown considerably and as well as significantly outperforming the trading guidance provided at IPO, they have been tirelessly expanding the business model across all divisions. The appointment of two independent non-executive directors and four special advisors since IPO has been hugely beneficial to the Board, and we have real optimism for 2022 with the step-up to a Premium listing on the Main Market of the London Stock Exchange following the appointment of an independent Chair.

"Finally, we extend our warmest welcome to Dr. Andreas Hansson from the THG Board and management. Our experience with Andreas and the entire SoftBank team has been first-class and this appointment is testament to the strength and depth of the partnership that we have developed. The separation of Ingenuity remains on track for H1 2022."

Your question has just been answered by the company!

When Lucyd floats - I believe it'll be higher than 20 million based on the below remark...

"Innovative Eyewear, Inc., has closed its crowdfund raising approximately US$154,000. Innovative Eyewear Inc. ended the offering early as they believe the company has made substantial progress since the crowdfund began."

Tekcapital currently owns 100% of the share capital of Lucyd Ltd and approximately 81% of the share capital of its U.S. operating subsidiary, Innovative Eyewear, Inc.

Offering Type: Equity
Security Name: Common Stock
Minimum Number of Shares Offered: 2,808
Maximum Number of Shares Offered: 140,448
Price per Share: $3.56
Pre-Money Valuation: $20,000,000

Total shares at $20,000,000 valuation = 5,617,977

Amount raised = US$154,000 > 43,258 additional shares = 0.77 % dilution