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There are a lot of comments here about Mode being left behind. I am not sure I would be worried about being left behind. Success from other companies just goes to show the right space and place. There's always room for competitors and choice for customers. Coke / Pepsi. Coinbase / Binance just to give a few examples.
People will always shop around and use what suits them which is why I think they will come to Mode. Everything they do has always looked slick (albeit the infrastructure was clearly messed up). The beauty of Mode is that there will be a little bit of everything going on to attract every type of user. Male / female / young / old and employee / employer. The affiliates will be such a great way of getting people who were afraid of BTC to easily earn BTC and get them comfortable with it. This (IMO) will be younger people and most likely female. I am not being sexist, I know men and woman shop.
Crypto can be a scary/confusing place. Mode makes it easy. It looks good and that will work in its favour. Word of mouth will spread this like wildfire and then the introduction of new coins / good marketing will make Mode a leader in its market for the everyday person.
Just writing as I think. All my own opinion. Probably going off topic.
Mode has been an incredibly tough hold for anybody who has bought shares.
We have gone through a very long dry spell of news and change of management. What has gone on?
This all stems back to original creators of the app. They effectively took a brilliant idea and created a ****ty app that looked good. Android has been better than IOS because they have been creating to versions of the same app creating double the work. This is why there has been huge spend on salary / contract work. 2 teams, building the same app, twice. It has made it very difficult to be able to work on bugs, updates or create value for the end user. It has also meant that adding new coins to mode is virtually impossible.
These creators have since left Mode and now JC is at the helm as CTO. It is very likely that a new app will be being built in the background. An app that only needs to be built once, for android and IOS . There are so many positives here:
1 Save ££ in tech salaries
2 Save time and produce updates faster
3 More efficiency with bug fixes
4 New coins to wallet
Where do I think Mode is going ?
We will have 120 companies join the affiliate scheme in the next 2-3 weeks.
ETH will be the first coin to be added and it is likely that some stable coins will be added. I also believe it very likely that Mode will move into the NFT space. ETH likely to be added for select users of the new BETA app mid-year.
BTC Payroll work with Payescape results due in April.
Mode are being asked to have companies piggyback them for their licenses.
There is likely to be a raise of ££ within the next few months, this will likely be an open offer to the public too.
A Mode card which can be used to pay for day-day items.
A subscription to earn better rewards.
I do not think there is any reason to worry about IF Mode can raise £, I think they will easily raise enough £ to ensure they get the next stage done, without diluting shareholders too much. It would not be sensible to raise too much £ whilst at this low share price.
With affiliates earning plenty of revenue (some names are Booking.com /Underarmour / JD sports / ASOS... big names) it is my opinion the users and downloads will very quickly increase. More downloads = more users = more revenue = more opportunity. By opportunity, I talk about partnerships. Partnerships IMO are on hold for 2 reasons - see if affiliates work and interest is there + the app needs to be re-built. I believe come Q4, partnerships WILL be queuing up, exactly as they said.
Open-banking has been put aside for now so Mode can focus becoming the no.1 crypto/financial/purchasing app in the UK. When open-banking finally kicks off (if) then Mode will be perfectly placed to take advantage of it.
At 8p, it is really hard NOT to see value in Mode. It will be painful hold, and likely to continue its free fall as long as the world is at war. It will not always be this way and business goes on, despite the share price. A lot of mon
I sent you a link and info below, just maybe need to scroll down to 7pm last night
hahah yeah a penny would be a kick in the teeth. This will be heading north though, inevitable.
That this goes straight back up to 1.8 as quickly as it went back down to 1.3
Great day folks! Put my 20k GST profits into here throughout the day and looking forward to the next few months.
bump
https://www.londonstockexchange.com/news-article/CLP/sipiem-court-update/14732911
https://www.londonstockexchange.com/news-article/CLP/sipiem-court-update/14732911
Link for whoever needs to read it.
Everyone laughing at the burger van and old machinery but what should be talked about is this court case end of March with possible damages paying 10 million euros. If you can hold your nerve until March then I believe you will be well rewarded.
That was hard to type on the phone. Excuse the grammar.
No, I have no clue what DEV do. Could you please tell me Sunset?
Haha SS has been chatting rubbish about this company and predicting its downfall since September. It is quite frankly embarrassing. He will maybe get something right eventually as the saying goes 'even a broken clock is right twice'.
Whenever someone offers a prediction, it is always just that, a prediction / guess.
My logic to my guess was that we will naturally carry to 30p, with no news. Small RNS and momentum will see this through to further to 40p. In the trading statement it mentioned that it had news of a partnership which are subject to NDA and we can expect to hear about it in Q2 - 60p. There will be a fair bit of profit taking and that will probably see it down to 40-45p over time. Then the rest is pure guess work. Who knows what CJ will come out with. Your guess is a good as mine.