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It may be March 6th, but it’s time to face the realist now that Tony’s pledge is dead in the water.
I’ve quickly done the math
At 0.07… just to get to what Tony inferred was NAV … 0.24, the share price needs to rise 350%.
Some may look at a rise like that as a success, but it’s only getting us back to the start line.
The price actually needs to go a good 600-700% for us to be back in the 0.4s before the end of March - again not happening in a month of Sundays here
And 999 thanks again for the acknowledgement.
If anyone is wondering what Tony’s pledge is which I have been referring to… please see below
Copied from the 28th September 2022 RNS
“Conclusions based on portfolio review
Based on the current carrying valuations of Dynasty, SatoshiPay, Sthaler and the market price of the quoted investments the portfolio has a current value of approximately £11.9million which is equivalent to an estimated NAV per share of approximately 0.24p.
For the reasons highlighted above, the Board believes there is significant scope for this figure to materially increase over the next twelve to eighteen months. Accordingly, the Board intends to focus its attention and resources on supporting its two core investee companies and does not anticipate making any new investments for the foreseeable future.”
So an increase on 0.24 was pledged in 12-18 months …. So if we are at 0.07 … aka dropped circa 70%, it’s like a double failure isn’t it as we’ve gone backwards.
- Satoshipay have failed to deliver
- Dynasty have failed to deliver
- Guild…. The less said about that the better
- Also it mentioned in that RNS (a part which I haven’t copied and pasted) that they were looking to get rid of non core assets- don’t think we’ve heard much on that front in the last 12-18 months
Whilst the finger is pointed at the investees, some blame must be apportioned to Tony… why make pledges which are not going to be hit? A pledge is a pledge! especially when he already knew how crap Satoshipay are at doing business… a leopard doesn’t change its spots
If the share is that much of a great buying opportunity… then why is hardly anyone buying?
It’s incredibly frustrating
The rampers, when a big buy ticket got printed, they would say things along the line of that the buyer must ‘know something’.
Well using their logic, that would infer that the seller must ‘know something’
Perhaps they’ve caught wind that there is nothing happening with Satoshipay in a month of Sundays, there are no valuations to be flushed out, or they are selling before the end of March where the price is likely to fall even further because it will mean Tony has failed with his pledge to the market. If his pledge is not going to hit… then surely he should be declaring this via RNS as soon as possible? Admittedly there’s a few days left but the chances of Satoshipay or Dynasty now delivering are incredibly slim.
How the hell is Bitcoin testing all time highs yet we’re testing all time lows. The situation in absolutely dire
I actually re-listened to the pendulum podcast again for a second time.
Concept is great… but from a business sense they appear as though they are making the same mistake… all the tech and no idea how to use it to make money
Pretty depressing here, god knows what is going on. Who is the seller/ sellers, makes you imagine all sorts of scenarios and not many good. You would think if there was anything left here the directors would be buying in at these levels. Slug seems to have been the only person to see this coming. Not so long back we had sellers at .14 getting slated for selling, looks like they were the clever ones now. See what happens in the next month, hopefully we get some honest news. The 5p club have gone pretty quiet, it will be hitting a 0.05 soon. Im not a deramper just a realist, like most folk in this share i am deeply underwater, all we can do is hope something turns this lot around. On the subject of bench mark, i wonder if they came up with a valuation for Satoshipay, if it is for sale you would think a valuation was needed.
This is becoming more poo than blu - guys hoping this all works out for us - get out on a high and call it a day
BTC and the general crypto market has clearly entered the bull market with many already multiplying but on the whole Defi hasn’t caught up and in particular the Polkadot ecosystem has (at present) been left behind only making small gains by comparison - For example BTC has now pretty well reclaimed its all time high when DOT remains under 10USD when its ATH was 54USD.
General consensus is with Polkadot 2 launch this should change with related parachain coins catching up as well - Could/should be good for PEN/NABLA
Bernstein analysts predict a defi comeback.
https://www.theblock.co/post/280396/big-bang-defi-comeback-bernstein?utm_source=twitter&utm_medium=social
Looking at allincryptos channel, the pendulum interview is by far their lowest viewed video of the past 3 weeks
World domination around the corner eh?
FFS
So there we have it, after mulling over the recent pendulum interview I watched which was posted by reapz, I am confident it is still a case of the emperors new clothes. They can talk about tech until the cows come home but this group are clearly not business people, nor do they have any urgency to want to get things done.
They should be talking about business matters without having to be promoted by an interviewer
Oh and Bitcoin is close to taking out its all time high…. Tony F has now only got 4 weeks left to deliver on what he pledged to the market in September 2022
Noted NtD
Not sure why its called a slug moment though! but if it is to be heralded as that then it is what it is.
constant missed timelines seem to have no repercussions - as its all on someone elses (the investors) dime
It looks like at this rate we are going to miss this crypto bull run by a country mile and news will be released during the bear market.
Hopefully we hold 0.07p
I don't really have any extra capital to average down, but in the same sentence, why would I with the way things have been going up to now.
Still nothing off Benchmark... its been over 3 months since that RNS came out
But it is not just SatoshiP, we are totally in the dark with what is happening at Dynasty as well. Radio silence is killing us.
However, another question is what has happened to all Marks shares, I cannot imagine the MM's holding all that stock?
I agree Slugmum in terms of the interview - we need a business interview rather than a concept interview - that would lead more to timescales, and delivery discussion. I had a real Slug moment when they offhandedly dismissed the timelines as conceptual and they always move. If you dont respect your time, your staff wont either - slips happen but when it slips, someone should feel the pain of the friction burn, otherwise slding is fun!
Gazzleberry, if you read my post it clearly says i know M W has done it before and that i don't believe anything he says.
Bitcoin close to $60k
Whilst we are plumbing the depths and could go as low as 0.06p
I did listen to the pendulum interview
Whilst some aspects were useful, there wasn’t much in detail on where revenues are going to come from
They have staff globally so testing payment corridors with salaries
The interviewer was a other crypto fan boy
They were just supporting each others opinions of crypto in general.
I’d rather have had someone a little more critical do the interview, taking them to task and taking them out of their comfort zone on business matters , it’s all a little too pedestrian
Agreed Keith, its painful to watch
Then we had the bright spark Chester2 yesterday advising me to sell - as if we haven't had enough selling pressure recently!
If we don't bounce off 0.07p then I think we are screwed
And do you believe him DD, he was selling before while ramping it up, if he said it was dark i would have to take a look.
For info.Nicholas Slater has not sold any blu saw on X recently.Mark white has not sold since last holding update on gst board today.
Can’t sell at these levels. :(
Never thought we would hit these lows. Will we ever get back to the giddy heights of .60? I’m not holding my breath but can sell at 75% underwater. Surely the sellers must be losing big time!
Coat tails *
At least in late 2021/early 2022 we rode Bitcoin and the crypto market bull runs cost tails…
What the hell has happened this time round…
Notready1 if you would like to continue splitting hairs we have now dipped below 0.08 on the bid…
Thats what has always worried me with BLU in that Mark was never going to mount a takeover so his or the other large holder who's name escapes me selling would push the price down
No
Did I ask for your unsolicited financial advice?
if you can’t stand the heat, get out of the kitchen .aka… filter me
Slugmum2000, for your sake sell your shares and call it a day...