The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Wicky
Mode via a third party custodian can lend out the Bitcoin which ‘like a bank lending out your deposits’ creates the revenue share to pay the 5% - you still own the BTC though.
My understanding is all BTC held by customers is off the secondary and therefore the treasury is untouched.
Hope this helps
There was no RNS last summer after the confirmation of the fundraise. They also had a date range for submission - Friday 3rd to 10th July.
However there was a TR-1 on the 8th July stating Norma had gone through the threshold on Monday 6th July.
All being the same (not necessary) the shares would have been issued today and any TR-1 will be announced this Wednesday as the company will be notified tomorrow.
Just a guideline for the geeks!
Another punchy update tweet from Janis, retweeted by JR.
https://mobile.twitter.com/jrowland58
Or another false dawn?
Nice bounce thus far but not getting carried away.
Super app imminent
Cheers Busby, let’s hope soon means in the next few weeks although Janis did hint it would be late Q2.
The sooner the better as we are drifting....
As they have announced a ‘date range’ for admission I assume they will announce to market but maybe not?
Most companies though give you an exact date for admission of shares when they announce completion of a fund raise so don’t then follow up with an RNS on admission day.
Would be good to know
The shares have not been admitted to market yet so they can’t sell shares they don’t hold.
That was me Duke and the advantages are very clear for those that haven’t seen it.
https://www.proactiveinvestors.co.uk/companies/news/906781/afc-energys-technology-produces-energy-from-ammonia-906781.html
Of course but as JR explains they will offer cash back as well. The more options and flexibility the better.
Win win
That’s why they need to offer cash back or Bitcoin back as part of the loyalty feature.
Some people won’t want BTC as it’s too volatile.
This explains the 3 areas perfectly.......
https://www.proactiveinvestors.co.uk/companies/news/941956/mode-global-holdings--to-create-an-ecosystem-using-a-wallet-to-manage-all-bitcoin-transactions--941956.html
Not entirely clear but that sounds about right.
May vary from business to business with a bespoke service.
Yes Mode for Business is running but very nascent.
The Open Banking launch is Q2 so likely May or June with hopefully some big merchants involved (JD Sports has been mentioned).
If Mode can execute this super app and mode for business successfully the growth potential is simply huge:
https://modeapp.com/business/global-services
I agree Dean but from my experience it does ‘tend’ to hold back shares until they hit the market.
Just an observation
Placing shares could be issued tomorrow at the earliest and next Friday at the latest.
Let’s go for early next week.....
Exactly Cheeky, it’s not just about the cars for now, the whole F1 event needs to be decarbonised and therefore could be powered by off grid fuels cells in the future.
Time will tell
Dollars or pence obvs
Of course but it’s the relative drops that I was highlighting so whether cents or pence it does not matter.
Since 7/8th Feb when inflation/US treasury yields spooked growth stocks and therefore the hydrogen/tech market:
Ballard was 41p and now 19p
Plug was 68p now 25p
Fuel cell energy was 28p now 9p
ITM was 645p now 460p
AFC was 78p and now 69p.
So the clear winner is......