Member Info for THGambler

Just to add the other side of the coin to this someone was happy to dump 1m shares at 2.2p today.....

BigDave, yeah agree on the outgoing costs, so still leaves a £100k hole which need plugging?!

I don't think they earn that much I think I saw someone say around £60k a year so that would be half your estimate. We have not seen this reduction in cash balance on the previous quarterly updates either.

BigDave - I received a reply to my question regarding the missing £250k.
I have been told we have misread the quarterly update, we need to exclude the cash for share sales which has been included as a debtor. Which sort of makes sense but obviously the quarterly update does not show us the debtor figures so we weren't to know that.
Obviously that accounts for £124k so I did ask the question where the other £126k went?! I did not receive a reply to that though. Obviously there are running costs and salaries but as I said to them I hope that doesn't equate to £40k per month!

Who needs £250k or sentiment anyway!

1 Million shares dumped at 2.21p

Yeah agree BigDave, the longer the complete breakdown of comms between SH and the BoD the worse it gets for us Shareholders. I keep thinking there must be a simple explanation for the missing money

messi - Its clear you have been burnt by TSP, we know that was a shocking investment by VELA if only for the fact that they didn't know they had invested in it!! Its just one of a long line of events the VELA board have messed up on. We have our own BoD to worry about having money away let alone another of the investee companies doing it.

Something I didn't initially pick up on within the last quarterly RNS would be the fact that the VELA BoD had met with CSFS and part disposed of some of that holding. Does not bode well for CSFS as VELA would have taken a 90% drop in that investment and after meeting them thought it better to sell!

Assuming it isn't just Unclejim and I not getting any responses from VELA? If there was a reasonable explanation for the missing £250k they would have said and nipped it in the bud early. Obviously there isn't and obviously we are still in the dark as to how laiker managed to get double the price for over 1b shares. I know VELAs stance is that they weren't party to the transaction but the shares in question represent over 6% of the company, which, if sold to a single party represents over a 6% holding which should have triggered the TR-1 so I would say it does concern them! They employed a IR and PR company for this very reason but have obviously told them nothing either. What a mess of a company.

Yeah i agree i was surprised on 10% of votes cast went against JN where as in the last votes we managed to get up to 40% ish for Brent and Emma. JN was seen as the messiah coming from AAA fame but obviously that, and this have suffered from his decisions. I express my view as I see it and stand by that. Now, if someone could let me know where £250k went missing that would help! As this will not go away with silence!

BigDave has had a response from the IR company but when I emailed them I never received a response. As a public company surely they cannot withhold information like this?!

Unclejim i assume you have emailed them regarding this too?

A change of BoD would do wonders here. Sentiment is zero, as Andy said, people see a rise do little research and hope to make a few £ in a trade, then realise its a pump and dump and either sell at a loss or are locked in until they can sell out at break even or a little lower. The BoD know there are questions on the £250k but have done zero to allay any fears, this doesn't neccessarily mean putting an RNS out to clarify (as much as that would help) but they could just answer one of the many emails sent to them regarding this from PIs. They have employed a IR and PR company who could easily send out a tweet clarifying things. the silence is deeply worrying. This is only my opinion though.

Down she goes again. There were buys at 0.036 yesterday now 30-40% down.

at makes me laugh is they obviously read the BB and get posts deleted that may be incorrect (i.e one of mine claimed some of the £250 may have gone to Laiker as a golden handshake and got deleted). The best way to stop any speculation is to just be transparent and tell us where the money has gone. Staying quiet does not answer the questions on investors lips and just leads to less sentiment and trust in BoD!

jemgee, read the last 2 quarterly update RNSs and come to your own conclusion on this.

Sharebel, rather than trying to shout the loudest just back up your claims with evidence:
You say they are fully funded - How do you come to that conclusion?
You claim lower BTC is good for MODE as more trading - As evidenced in the RNS in September the revenue dropped from last year while BTC crashed from all time highs to now yearly lows.

If you have evidence to back up these claims then demonstrate it and help educate us all?

I agree Ian, we still have a missing £250k which won't go away as much as the BoD want it too. I received no reply to the emails i sent requesting clarity to a number of questions. Investor relations are terrible.

Sharebel I notice you have chosen to ignore my post after accusing me of being incorrect and telling me the basics of how Mode works.