Member Info for Upsidepotential

Yes, however I believe the scalability is huge here.

Do you mean the app isn't working? As in functioning? Or just that the main body of business isn't up and running yet?

Upside.

Agree DShox, also the fact they were able to reduce below 3% and the share price hasn't moved an awful lot shows that there is appetite from buyers here.

Definitely some positives to take from that.

When you believe in something and an opportunity presents itself, do not pass it up.

MODE price is 10% below IPO and 20% below placing a similar company operating in the US would be many multiples.

I now average 49p and eagerly await THG launch. Hopefully some other RNS's to accompany it with other retailers seeing the opportunity here would be nice also.

We have such a strong board with great links, I'm struggling to see the downside to this company, though granted the Bitcoin Jar was a blow, the Bitcoin rewards scheme could prove a better pull for new customers.

GLA. Upside.

I feel like there are multiple factors at play here.

- COVID has hit this company hard on the bottom line putting a squeeze on profits.
- The company operates on a small margin.
- The contract is for around 15-20mil a year making up around 20% of revenue, so whilst we see it as a big contract win as does the company, in the grand scheme it isn't game changing.
- Post COVID should see the profit ratios increase as restrictions ease.
- £7mil MCAP is probably still undervaluing this company based on future earning potential, but the market has to weigh up current risk factors against this also.

All in all, I can't see the SP getting much more traction than it currently has and will only progress further on further contract announcements or results showing a positive movement in profit. So much depends on market sentiment these days.

All IMO DYOR

https://twitter.com/jrowland58/status/1424002016377024513?s=21

Is this a hint? I hope you’re all in.

Hi All,

With the imminent OTC RNS and the launch of THG partnership due to start at the end of this period, could the rise over the last week be attributed to FOMO, the price of BTC or a combination of both?

Friday's usually tick up with the expectation of an OTC listing RNS on Monday and therefore if the SP was to rise further today this would not surprise me, but the real question is do you think we will see 50p again after the end of this week/period?

Whilst I understand a lot depends on the launch of the new payment system on THG stores and how it is promoted, I'm looking to understand what people's current positions are on this?

Draft, in all seriousness, if you don't understand the companies offering, firstly why are you invested, secondly why are you here. Surely you should at least understand your investments?

This technology has been in use in China for years. I'd go as far as to say around 7 years(2014), it is hardly groundbreaking, however what is groundbreaking is the Bitcoin offering and the FCA licencing. MODE have built a moat, now they just need to exploit the product. Draft if you're confused, look into WeChat in China to see how this could work in practice.

Great post and well anticipated. :)

Going to download the new version now.

It does say end of quarter again on the RNS though, where in the interview I believe they said end of August?

Clarity in this area should be provided.

Is MODGF launching on the OTC market today?

Looking at the OTC website the last real time best bid & ask was completed at 04:05 pm yesterday.

Bid 0.563/Ask 0.67

0.617 on the graph, not sure that this was available previously as I can’t remember seeing it yesterday.

I think there is a good deal of news due here regarding app launch and OTCQB listing due next week and I think FOMO is kicking in, people are looking to take a position before the weekend, who can blame them, Bitcoin revenue on transactions increasing by 300% in one quarter, launching the BETA payment system with HUT on android adding new revenue streams, whilst also giving legs to the main business(payment solutions). Still a great opportunity for people and the fundamentals keep getting stronger.

Apologies didn’t close quotations after Magento”

Could someone please clarify on the below, I’m just struggling to understand if the market has missed this or if it is insignificant. However it seems pretty significant to me.

“To ensure the highest degree of compatibility with SME’s we will develop integrations with e-commerce platforms such as Shopify($169Bn company), Woocomerce($10Bn revenue in 2017) and Magento(acquired by Adobe in 2018 for $1.68Bn probably worth way more now after Adobe’s investment) these businesses will have a limited reach in the UK, but given MODE’s application to list on OTCQB market could open the doors to huge market potential in the US where these E-commerce platforms are widely adopted.

Hi guys and gals,
Just a topic of discussion I’m throwing out there, seen as a small part of MODE’s offering is around Crypto(BTc in particular with maybe the addition of ETH going forward).

Would you agree that ElSalvador using Bitcoin as legal tender further legitimises the Cryptocurrencies in general and if so, at what point do the mainstream media and general concensus of cryptocurrencies change from high risk assets to low risk assets which fluctuate?

My personal opinion is that that change is beginning to happen already and we’re well positioned here in MODE to take full advantage, however I’m keen to hear other peoples opinions?

Very well explained, appreciate the post, the numbers did concern me previously also, but it looks like this is the trough in their earnings cycle. Very reassuring, loading up at these levels.

Fair comment, apologies I meant ‘Average Monthly Bookings’.

Hi All, just to make you all aware, I believe todays fall in share price is in relation to the fall in average monthly renewals, just to let you all know, I have DM’d the Yu Group Twitter account for an explaination around this, I’ll post any replies here.

Roley, as the FOMO builds, we’ll get more users, we were told average holding from around December was £3,000 people who held them and still hold will have holdings around £9,000. Some will be happy with that and will take their money, MODE will take a cut, others will be afraid of being left behind and will jump in at ATH’s. MODE will take a cut. Providing our user base continues increasing I really don’t worry about day traders, you will always have people looking to play the highs and lows, whether that’s here or other sites even if it is just a small portion. New ATH’s will promote trading as outlined above. Either way MODE wins. I agree though, probably not a whole lot of day traders here. People are here for the 5% APY.

Could see some big moves on Monday here, Bitcoin price is looking positive, I hope it lasts until the market opens Monday.

Apologies guys, it seems I may have been working on incorrect info. I’m going to run through this and please let me know if you agree. The companies accounts in June 2020 show a cash(or cash equivalent) balance of £3.4m the company had a cash burn rate of £1m per 6 month period.

For conservative purposes, I am going to deduct £1.4m for the period July-December. Add back on the £.4m as we’re only calculating up to October/November. You’re left with £2.4m + IPO raising of £7.5m = £9.9m

Let’s use again a conservative price of £11k per Bitcoin during October/November

£9,900,000.00/£11,000.00*10%= 90 Bitcoin

£6,000,000.00/£36,000.00*10%= 16.6 Bitcoin

106.6 Bitcoin * current price £40,732.18 = £4,342,050.39

Give or take a little, but I feel I’ve been quite conservative in parts.