The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Hi Donnysmind you can view these on the otc site; https://www.otcmarkets.com/stock/MODGF/overview
To be fair Colin I think the issue isn't saying anything bad but you do a lot of moaning which is neither constructive nor news to anyone. We are all aware of the share price and we are here because we think it's undervalued (otherwise why would you have bought) so I'm with Fox on this one. Fine to call out negatives but daily unconstructive diatribes are just boring and unhelpful to anybody.
Message from JR today: "Dear Mode Investors,
I have been following the commentary on this channel and understand some of the frustration. We have been working 24/7 to deliver our key partnership with THG and other merchants that we are signing up on a weekly basis.
We have started marketing to USA investors and held a well attended presentation this week of Mode to over 80 different banks/institutions. We are also looking at options to gain a much far wider and reaching engagement with old and new investors. Please be patient. We don’t intend to raise funds this year.
The main issue we have is lack of volume in the shares and I am addressing that as a priority.
Mode is a unique offering on the London Stock Exchange and a unique offering with our payments system using open banking and our digital wallet. We are in discussions with hundreds of merchants and businesses ranging from the biggest to independent merchants.
Please be patient none of this can happen overnight but we do believe this company has a very bright outlook and one that will reward all stakeholders in time.
Sorry for the silence but we are just busy building Mode ????"
Goolang - I can't say for certain as I had mode already but yes according to Rita.
https://twitter.com/thisisRita_Liu/status/1433732637659746304?s=19
My impression and I may be wrong is the initial reward entices you in then from there it's on the sellers to use the information which mode provides to entice you back to buy off them r.e. "draft likes strawberry protein powder, here is an offer where you get 10% bitcoin cashback if you buy this strawberry protein powder". Remember the fees for the seller are considerably lower than the other payment methods so more profit for the seller; thus its in the best interests of THG to encourage you to buy via mode.
My assumption is its smaller than say PayPal beneath it as it needs to fit the pertinent information under the logo 'use this and you get bitcoin' whereas PayPal just says PayPal because they don't need to advertise what it does. All the boxes are the same size.
I disagree, I think it will happen ASAP as the interest pot ends tomorrow which is the incentive to use mode over competition so the THG launch is round the corner; that and the changes on the app following the update. At the end of the day though your money and your call, best of luck with future investments
I am not sure but I think it just isn't on brokers as yet as I know an American intending to buy it, I have no idea how long the process takes though. If someone knows more about OTC that would be great, from what I've read on some websites the process can take 4-8 weeks but not sure what stage we are at
I spoke with an american investor who was interested but unable to find it on any brokers yet, I have been checking yahoo finance and ibkr daily too but yet to be listed. I suspect it must take time between listing on otc and brokers then picking it up