Member Info for JSVan

Starts around 6:25 mins

https://www.youtube.com/watch?v=0p43SnZGmgg

From their crowdfunding site...

That's not all! Working closely with our manufacturer, we have developed a new Bluetooth chipset for the Lyte, which will debut in our upcoming models, expected to launch late September. This new chipset brings several benefits, namely a more balanced audio experience with an improved bass response, and an increase the Bluetooth range to 100 ft! This means you'll be able to enjoy higher fidelity music on our glasses, as well as leave your phone on the sidelines or in your bag during physical activities, and still have a strong connection on your Lyte.

They also listened to customer feedback and will be improving the sound quality by boosting the bass levels.

Bought in today after monitoring this company for a while. Confident this will be a good long term hold. Lots of progress since listing and big contracts have been signed. Today's announcement is a major step towards getting even bigger distribution contracts with India having the second largest population in the world with 1.3 billion people.

U.S. SEC charges BitConnect founder with $2 bln cryptocurrency fraud
https://www.reuters.com/technology/us-sec-sues-bitconnect-founder-over-alleged-2-bln-cryptocurrency-fraud-2021-09-01/

Founded in 2016, BitConnect created a digital token called BitConnect Coin that could be exchanged for bitcoin, the popular cryptocurrency.

The SEC said investors in a BitConnect "lending program" were told BitConnect used a "volatility software trading bot" that could generate returns of 40% per month, and were given fictitious returns showing 3,700% annualized gains.

But the regulator said investors lost much of their money after the price of BitConnect Coin sank 92% on Jan. 16, 2018.

U.S. SEC charges BitConnect founder with $2 bln cryptocurrency fraud
https://www.reuters.com/technology/us-sec-sues-bitconnect-founder-over-alleged-2-bln-cryptocurrency-fraud-2021-09-01/

Founded in 2016, BitConnect created a digital token called BitConnect Coin that could be exchanged for bitcoin, the popular cryptocurrency.

The SEC said investors in a BitConnect "lending program" were told BitConnect used a "volatility software trading bot" that could generate returns of 40% per month, and were given fictitious returns showing 3,700% annualized gains.

But the regulator said investors lost much of their money after the price of BitConnect Coin sank 92% on Jan. 16, 2018.

U.S. SEC charges BitConnect founder with $2 bln cryptocurrency fraud
https://www.reuters.com/technology/us-sec-sues-bitconnect-founder-over-alleged-2-bln-cryptocurrency-fraud-2021-09-01/

Founded in 2016, BitConnect created a digital token called BitConnect Coin that could be exchanged for bitcoin, the popular cryptocurrency.

The SEC said investors in a BitConnect "lending program" were told BitConnect used a "volatility software trading bot" that could generate returns of 40% per month, and were given fictitious returns showing 3,700% annualized gains.

But the regulator said investors lost much of their money after the price of BitConnect Coin sank 92% on Jan. 16, 2018.

https://www.scmp.com/news/china/science/article/3147050/swapping-salt-substitute-cuts-rates-stroke-heart-attack-and

Swapping salt for substitute cuts rates of stroke, heart attack and death, study finds
- Researchers tracked nearly 21,000 people across rural China over five years
- Millions of early deaths could be prevented if substitutes widely adopted, lead author says

Swapping table salt for a substitute with less sodium and more potassium has been found to reduce the incidence of stroke, heart attack and death, according to a five-year study in rural China.

Starting in 2015, the researchers led by The George Institute for Global Health Australia began tracking nearly 21,000 people from 600 Chinese villages. All of those who took part had a history of stroke or were aged over 60 and had poorly controlled high blood pressure.

For those who used the salt substitute, stroke risk was reduced by 14 per cent, according to the peer-reviewed study published in the New England Journal of Medicine on Sunday.

The risk of stroke and heart attack combined was lowered by 13 per cent, while the risk of premature death was reduced by 12 per cent.

Regular salt contains 100 per cent sodium chloride, while the substitute was three-quarters sodium chloride and a quarter potassium chloride, the researchers said. The study found no apparent serious adverse effects from the salt substitute, which is known to lower blood pressure.

The team said the switch would be “practical and low-cost”. Salt substitute is sold at about US$1.60 per kg in China, compared to around US$1.10 for regular salt.

Tian Maoyi, a senior research fellow with The George Institute for Global Health at Peking University Health Science Centre, said the team planned to engage with the Chinese government to identify appropriate labelling for salt substitutes in the future. He said labelling at present did not indicate the health benefits and there had been misleading messages on social media in the past saying such products were harmful.

“In China, although salt substitutes are available in most supermarkets, they are always located in a non-visible place on the shelves,” he said. “The government’s attitude towards salt substitutes has been conservative, at least before the launch of this study.”

Best way is to multiply Bell's SP by 17.1 million shares to get the NAV and then compare that to TEK's market cap instead of SP.

TEK's current market cap = £30 million
TEK's > BELL's NAV = 17.1 million shares * 93p (current bid price) = £15.9 million

Listed Investments (£4,666,373) - Bid from Yahoo Finance
================================================
£1,084,910 (0.23 bid) - Rincon (8.9 million shares)
£1,400,332 (6.5 bid) - Rogue Baron (21,543,563 shares)
£927,500 (0.7 bid) - Eagle Mountain (2.5 million shares)
£829,980 (0.435 bid) - Charger Metals Limited (3,600,000 shares)
£250,000 (2.5 bid) - Oscillate Plc (DiscovOre) (10,000,000 shares)
£123,120 (0.36 bid) - Empress Royalty (600,000 shares)
£50,531 (0.049 bid) - Pacific Nickel (1,945,757 shares)

Total NAV Unlisted (£440,000)
===========================
£265,000 - Low6
£125,000 - Anglo Saxony Mining
£50,000 - Media Tech SPAC

Summary
===========================
Total NAV Listed = £4,666,373
Total NAV Unlisted = £440,000
Total Cash Held = £1,297,166
Total NAV = £6,403,539

449,796,506 Total Shares in Issue

Current NAV SP = 1.42p

I've gone through all the released RNS's and the annual report. Have also watched all the various interviews from the different members of the leadership team.

It is clear that JR cares about the company a lot and has good control of expenditure and being very prudent with how funds are spent. He's also extended his lock-in agreement so that he can't dispose of his shares before 5 March 2023.

Gut feeling is that the company will become a household name in the UK as they continue on their journey to eventually rolling out their payments solution to brick and mortar stores such as supermarkets which is mentioned in their Annual Report - Strategy in 2021.

They are definitely achieving significant milestones as set out in their IPO prospectus and annual report and the below milestones have been achieved just in the past 2 months some of which are key milestones...
- Mode secures EMI licence/AMLD5 registration - FCA
- Mode launches payments/rewards solution on Android
- Mode signs contract with THG for payments launch
- Mode launches payments and rewards solution on iOS
- Mode partners with UK charity to enable donations
- Trading on OTCQB Venture Market in the US

Will look to accumulate more as I free up funds. Could turn out to be a life changing investment for many if holding long term. Think of Alipay at the beginning of their journey to understand the potential here...

Will take some time for brokers to formally list MODGF onto their platforms and sites so wouldn't expect trades on there until after few days at least.

Thanks for confirming. Looks like a good LTH considering that we are only around IPO price.

Are Mode the only FCA regulated company where you can buy Bitcoin that is listed on the LSE?