Member Info for Upsidepotential

Very well pull viva! :) Fiat currency lost its way when deviating from the gold standard, since then the rot has only continued, governments ability during crisis to ‘just print more money’ further goes to erode confidence in Fiat. We’re in the right place here I believe, this is about far more than just a company, it’s allowing access for the common man for fair value for their social contributions. Rather than getting caught up in inflation and income being diluted.

Post lunch rally I suspect.

12% spread is also ridiculous.

MM’s playing the game on this one. Getting silly watching the buys coming in but no progress in SP.

Are you able to expand on your 10p valuation? Just looking for some reassurance rather than pure ramping?

Sorry Matty20, I think you may be mistaking the app for a trading platform? It isn’t a trading platform.
It’s a one stop shop for people who have Bitcoin holding and are looking for a good place to put it, why not put it in MODE’s Bitcoin Jar and let it generate 5% interest. Can you tell me where else you can get gains on your crypto whilst also being exposed to market movements? I think you’re totally missing the USP of MODE’s offering here, which is fine as you seem to be a crypto trader not a crypto holder. You are not the target audience.

Also the board has already explained that they plan to expand to ETH. Please do your research before posting such negative and ill-informed comments about people’s potential investments.

Or if your aim was to de-ramp(I have my suspicions), well done. :)

Beartrap, I believe the article headlines around that were a bit misleading, the FCA has banned trading synthetic futures around crypto, not actually trading crypto is my understanding? Happy to be corrected here if anyone understands this better.

Almost perfect description here!

I would make the argument that a higher BTC price does stand to benefit our business(MODE).

With 10% of our treasury invested in Bitcoin it probably means that our last 4 months have been free in terms of administration fees and payroll when offset with our treasury 10% Bitcoin investment.(I understand people may point fingers at my logic here, but in terms of cash flow and cash liquid reserves this is the truth).

Further, as we get .99% of transactions, anyone who has held with us in Bitcoin since October will have seen a 4 fold increase in their investment, therefore rather than the £1k investment making £10 on entering and £10 on exiting, we’re looking at £10 on entering and £40 on exiting, therefore 150% increase to expected revenue. Bare in mind this is simply for one transaction, if you’re like me, buying and selling the peaks and dips, the transaction fees could be a lot more!

Don’t make the mistake of missing what a higher BTC price does for our business model.

Whilst I totally agree with what you’re saying regarding advertisement and promotion, I think the first priority for this board(and quite rightly imo) is to get its offering all in place before having the platform judged and potentially ruining the first impressions of potential customers.

We can see the progress being made with the Android version now online, merchant offering in the pipeline, with a potential ETH offering also in the pipeline along with end to end payment solutions capitalising on people familiar with Alipay and wechat in the meantime until this becomes a mainstream payment method, which mark my words it will. We are investing in the future here. HODL!

This is in no way investment advise. DYOR. GLA!

https://www.proactiveinvestors.co.uk/companies/news/941191/mode-global-holdings-to--disrupt-fintech-banking-sector--after-launching-android-app-for-bitcoin-941191.html

Anyone have any opinion on MODE here and why it’s share price hasn’t taken off like ARB? Interested to hear another perspective?

Congratulations to you all by the way, ARB has been by far one of this years best picks! :)

Yes, I am expecting a strong close again today, sideways until then.

Did the broker go to lunch or something? Lol

I think people are waiting for the corporate arm of this business to launch, this could attract a lot of attention and with it a lot of investment also, seen as the ball has already started rolling on businesses getting invested in crypto and no one wants to be seen as the last CEO to jump into the ball pit!

I think also people want up to date figures to base their analysis on, everyone is playing with percentages trying to work out how much revenue we should expect, how many users we have, until we have year end reports, we won’t get those figures.

I’d like to stress this is simply my opinion and should not be treated as investment advice, perfect time to buy before these are announced.

Have to admit I read ‘HOLD you fools’ as Gandalf, so no complaints here! Lol Lotr ftw

Yep, pretty much!

Sorry, but to apply a 40x multiplier against it far to simplistic and doesn’t take into account that the BTC has quadrupled in that period.

Looking good today, RNS may have been the driver that this stock needed.

Expecting movement on the SP soon! Once it starts it may move fast.

Brokers getting gready, perhaps MODE need another broker to provide competition.