RE: CLNs to be repaid ?2 Aug 2023 12:13
Joe you sold out we get it but you asked this question yesterday read the RNS again it says
‘The directors are confident of being able to extend and renegotiate the terms of the loans‘
And
‘To secure a longer-term future of the Mode Global Holding PLC status, the Board of Directors are in conversations with multiple parties to raise funds and to therefore enable the vehicle to invest in future ventures as they seem appropriate at the time. The parent and it's subsidiaries (except for Mode Global Limited) have sufficient funds to cover costs and meet liabilities as they fall due for a period of 12 months from the signing of the accounts. These cash reserves give the Group the ability to identify and agreed on the most appropriate future plan.‘
And the reason no doubt they are confident and stated as such as that they know what’s coming down the line and so do CLN holders!
Read my post below which underscores exactly WHY! FCA banking licence and Main Market listing VERY VALUABLE -RTO incoming that’s presumably why re Redwood Bank??? imho - join up the dots it’s really not difficult especially as they’ve eyeing an IPO in 2023 and have already done I believe funding rounds imho
IMHO GLA