The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I'm not trying to deramp but judging by the resolutions it all doesn't make sense. They have said they are fully funded for a year then why do they need to raise £220k via CLNs? Even the most ardent MODE supporter will know that CLNs are the worst way to generate funds (especially if they aren't needed). IF the CLNs have the same conditions as the last ones the holders will be able to convert into shares at a discounted price and further dilute other shareholders.
Shock, the usual rampers come back for a day, price rises a little, they sell and off they go. Feel for anyone who gets sucked into their ramping and hits the buy button.
Just remember - Because a price was multiples of the current share price last week doesn't mean it is now a buy. To say nothing has changed from last week is correct but also nothing has changed from when this was trading at half of what the SP is now. This needs news to have a meaningful impact, until then this is a pure punt pumped by desperate rampers.
My angle is to make sure other PIs have another point of view rather than your incessant ramping.
''The 5k sell zzzz the fact I was pointing out was nobody sells 24 quids worth they have a silly agenda'' Shall we apply this logic to the multiple BUYS under £5, is there an agenda there also?
What you seem to leave out Sharebel, is the fact anyone who has paid the highs of the last 2 days have been spiked and only bought thinking the price would rise further but there was nothing to support any such rise. What you saw yesterday and today are PIs selling into any rise to try and claim back their losses. You have started an unsubstantiated rumour about at RTO. The facts as they currently stand are that the company has no revenue, can't afford to pay its debt and currently we have no idea what direction they are going in.
you like to flag a £24 sell but ignore the £5k sell the very next trade.
Stating that 2.6 was paid yesterday does not mean this is a buy, it means some poor sucker got spiked like the day before and you can bet your bottom dollar that if the price went anywhere near that again they would sell in a drop of a hat just to get out (if they haven't already). Also this share got to 80p once upon a time, does that make this price now make this the bargain of the century or another dud?
Where were you when this was trading at 0.5 before suspension as nothing we know of has changed since then?
Maybe this will come good but there needs to be something from the company rather than your ramblings about MMs walking the price down etc.
I know lot here are new to this share purely because it rose from nothing after coming out of suspension. But if you do a little research you will see they already tried to raise funds and could not , per RNS 19th Jan:
Since the announcement on 13 July 2022 of the completion of a £2,000,000 convertible loan note fundraising, the Company has been in discussions with a number of counterparties in relation to a further more substantial equity fundraising. These discussions have taken place against a backdrop of considerable headwinds in the wider cryptocurrency industry which have been well documented. Despite these headwinds, Mode continued to make progress with executing its business plan, including securing FCA approval to add more tokens to its platform and being able to offer its Bitcoin cashback to users from over 300 leading retailers.
Notwithstanding these positive business wins, the Company's recent fundraising efforts have been unsuccessful. The Board is considering a variety of options for maximising value for all stakeholders, which may include a disposal of its business or a subsidiary sale. The Company will provide an update in due course.