Member Info for Tiggs352

It’s a bit short-sighted of NatWest really, surely business is business, no? The t&c of their services/fees remain based on fiat currency so unaffected by crypto values at any given time.
I also don’t like the volatility argument - yes, it is volatile but it’s up to the business to decide whether they want to accept it, a customer if they want to spend it/receive as a reward etc. etc. there is absolutely no expectation on NatWest to manage the crypto. It’s just odd. The sock shop on the corner isn’t going to start engaging in illegal activities because they have Bitcoin. Again, odd.

NatWest will refuse to serve business customers who accept cryptocurrencies

https://www.theguardian.com/technology/2021/apr/21/natwest-will-refuse-to-serve-business-customers-who-accept-cryptocurrencies

For a four minute interview this was (insert chef’s kiss here).
Thanks for linking to it. Loads of tidbits in there. OTCQX before end of the summer. Possible expansion into US market in 2-3yrs. Right at the projected profit-making turn in the business? Brilliant.

100egs from a quick google search earlier I found:

Applications for foreign companies that satisfy the standards of OTCQX or OTCQB and qualify for the exemption under Rule 12g3-2(b) can generally be completed in approximately four weeks. Clearance of the Form 211 by your Market Maker with the FINRA OTC Compliance Unit may delay the process.

I have no idea really though whether that is a 100% reliable timeline though it seems to be from a reliable source if you know what I mean.

Should probably also say that there is so much institutional money invested in Bitcoin that it won’t be allowed to fail at this stage. Some businesses have also adapted to accept crypto as payments so again, I doubt the altcoins will fade into obscurity going forward either.

Pio your post doesn’t make sense - Bitcoin is crypto ... regardless, you’re right, it will be good for Mode either way though more so when Bitcoin becomes the side offering it is supposed to be in terms of the full Mode package.

It looks like we may see another week of depressed SP though.

First time posting (though long-time lurker, pre-account days lol). Just thought I’d share as I thought it was pretty funny - whether it was a genius accident or a purposeful joke, Malcolm has been referred to as ‘Malcoin’ in this media update:

https://www.coinsilium.com/media-news/20-the-media/654-coinsilium-to-launch-gibraltar-cryptocurrency-stamp-and-nft-the-week-of-bitcoin-pizza-day-in-may-proactive-investors

Let’s hope things pick up a bit this week! : )

Agree with this. I went into this knowing that there was no expectation of them to break even until Jan 2024 (though I am expecting it much sooner). It is VERY early doors for investors at this stage, let alone for anyone on it from 2020. It really should be a ‘buy in and forget’ investment but the business offering is too interesting and because it hasn’t fully launched they have you on a hook lol

I had the same thought to be honest but had associated it in my head with the RNS re: Ariane. Just checked back now and they weren’t mentioned at all - it was “ Adidas, Estrella Damm, and Maui Jim, and organising large scale events, including at the world-renowned Formula One World Championship.” lol JD are very on-brand for Mode though as one of the initial merchants though, we’ll find out soon enough :-)

Thanks for linking, went straight over and managed to catch a good chunk of it live. Looks like there could still be a good buying window for another month or so then if payments solution not launching til end of Q2. Updates on new users etc. are likely to be thin on the ground again between now and then most likely.

I have a peek at the trades the odd day Terry but probably not often enough to notice any pattern/or multiples of same volume. The list on here doesn’t seem to be complete as far as I can tell either and I don’t look into it any further. Very comfortable sitting on this one just, once you do your research on it it’s a waiting game from then on. So much opportunity here in terms of where they can take the business also, most of the hard work has been done at this stage (relationships built with their own lenders etc.) so I’d say any big moves they wanted to make in the medium term could be executed pretty swiftly.

Yes, I’m aware of the buy and know it hasn’t really hit that level since (or for very long at least), he bought at 4.4? I did come across Zaim, by chance admittedly, in Jan but don’t have any intention of selling for a few years at least. I find it a very interesting offering considering the low default rate, the aim to service Russian nationals located outside the country at any given time, and also possible expansion into other areas of Europe with the app being the catalyst. It’s odd to me that I rarely see any chatter on them though other than here (I have been a long time lurker between here and advfn but only recently created account here). Their social media updates seem to recycle the same quotes too which is a bit ... boring. I think their branding style etc. is great though, just not much for them to report at the minute it seems!

Did anyone else clock the 79k sell today? Really don’t see any significant lift in sight for this stock, I think any uplift brought by the app will be suppressed pretty quickly by anyone currently sitting on losses looking to break even at the very least - though I def hope that isn’t the case

Thanks for this!

Another preview alert! Take a look at the revolutionary power of #openbanking and how #Mode will make payments effortless for all, even if you've yet to download our amazing app. Check it out ** I think we’ll probably have to make do with a few more bumps like this instead of an actual RNS but good to see nonetheless.

I feel like the kinks that need ironed out are a reason for withholding on any serious marketing (it’s not yet a fully launched product being the main one obv).
That’s a seriously impressive performance though barely six months in.
It seems to be doing infinitely better with android than iOS, I would have thought it would be somewhat more evenly split ...
Appreciate the updates on the weekend guys ??

Already a preview on Twitter for payments ??

That’s fair enough; I appreciate the frequent updates from ARB as a comparison but I don’t think you can do the same with Mode. They won’t have any competitors offering the same package. Any updates that we actually want could be classed as commercially sensitive I’d say. The sellers of even modest holdings supports this point.

At the end of the day Mode is a business, JR is a person. They have their timeline that they’re working towards and while it may be a bit frustrating for some investors, I personally would rather things be done right instead of launching a sub-par service and losing any grassroots momentum gained.
Nothing is going to be rushed because someone wants to see a .20p bump overnight on their investment, there is a much bigger picture to consider. Unless your day trading have some patience. Is it any wonder companies jump ship to US.