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Even if somehow Mode Global survives as a company, it looks like it is game over for current equity holders

A week ago I wrote about the latest update from Mode Global Holdings (MODE), stating that it was unable to secure any new funding, and I concluded that this likely meant a wipe-out for equity holders and that you should avoid it all costs. Some have tried to pump it, saying it was actually worth multiples of the 1.25p that it crashed to and that I was wrong and the EMI licence that it holds, and which basically enables its app to offer the financial services that it does, is actually worth a fortune and buyers would be queuing up for it.

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My bearish view on Mode has proven to be correct as it can't secure further funding and the share price collapses again!

Writing bear pieces about any share tends not to make you very popular with people who are invested in that company, to the extent that some feel the need to engage in personal abuse, or even threats, so it is always nice to see your opinion ( and in this case, that of TW too) vindicated!

NEWSFLOW

#MODE Global – following collapse of FTX, argues ‘different business model and structure’

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Mode Global – C’mon Rowland why is today’s RNS not indicative of rule breaking?

Jonathan, son of Spotty, Rowland is, as I demonstrated yesterday a bit of colourful old troll. Today his company, Mode Global (MODE) issued an RNS which is surely indicative of rule breaking. But rules are only for little people are they not?

NEWSFLOW

#MODE Global – a loan notes conversion, but of just £69,056 principal amount

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Mode Global and another promoter who tweet trolled goes silent: Jonathan Rowland

Jonathan Rowland the son of the colourful “Spotty”, and the founder and boss of crypto-shite play Mode Global Holdings (MODE) has been deleting some tweets of late, notably those where he trolled Gary Newman for suggesting that shares in his promote, masquerading as a company, were grossly overvalued. Over the past year the shares have collapsed by 91% and now trade at just 3.2p. In light of that, perhaps investors might wish to review some of Rowland’s tweets he forgot to delete, as we have now saved them for posterity. Oddly Rowland is not tweet ramping these days, I can't think why.  Enjoy.

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Mode sneaks through its latest fundraise within the notes to accounts and continues to burn through cash - a bargepole SELL

As many of you reading this will know, I’m not exactly a fan of Mode Global Holdings (MODE) and even less so after its latest antics where it hasn’t exactly gone out of its way to inform investors about its latest fundraise!

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The Mode share price has dropped a lot recently, but for good reason after issuing a dodgy RNS! Bargepole!

Mode Global Holdings (MODE) is typical of many small technology companies in that it burns through cash at an alarming rate whilst trying to grow its revenues to any sort of meaningful amount.

NEWSFLOW

#MODE – “clarification” as “some… specified brands have since withdrawn Mode as an affiliate”!