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Amen to that - had to learn it the hard way, repeatedly!!
GLAH
dave
they taking the **** worst share i own looking like gonna have the except its staying like this for awhile now not worth selling def not buying but that’s me
gla
Spread isn't helping is it... Jees 33.33 %
The way the SP is plummeting, it’s going to be tricky to know when to average down!:(
People that average down on shares, and almost certainly in this one, are usually just throwing good money after bad. It seldom works and is generally a foolish way to invest. Averaging up is usually more successful, in that youre going with the trend and have successfully picked a rising share.
999 - 🙄 Do you ever read any RNS?
How does the directors pay in shares go then, are they getting so many share or shares equivalent of wages, if so they will be getting millions by this share price, that is if the lights are still on by September. I have not much hope here, kicking myself i never bailed when folk were selling off. The news must have been out when you look at it now.
Yeah it would average you down quite a bit.
Be tempted myself but I have loads and only bought a few million more not so long ago.
Never, ever thought we'd see this level, but here we are.
Yes, long way off now you'd think.
SatoshiPay was always my reason for investment here, but genuinely believed Dynasty could be worth a decent amount too after all the hype a while back.
Thanks
Well, it averaged me down a couple of points Dave and at £2K for 5M shares seemed a bargain. Was a shame to see the Dynasty valuation go down, but sometimes there is more to these things than meets the eye. It's all part of the journey. It just means we might have to stick this out a little longer. We will see.
I certainly won't be selling any until I'm at least at a break even point, depending on news and sentiment. Although, that seems a long way off right now.
Cheers!
Well steamy, We are non the wiser regarding SatoshiPay and whatever they're doing and Dynasty have merged so that's not the end of them.
I'd rather stick it out than sell at this level.
Nothing to really gain by selling now.
ATB
I've took the chance to get another 5M this morning. Madness? Time will tell 🙄
Massively under water here BUT hopefully altcoin season is around the corner and when they pump they PUMP! 🤞
Twitter post from pendulum a few days ago
7:31 am · 10 Mar 2024
“GM Pendulum Community ☕️ 🌅
Which projects do you think we should partner with? Let us know in the comments below!”
If they are having to ask this question publicly, then it demonstrates that they have absolutely no idea what they are doing.
Oh and zero comments - some community that is!
‘Tony was the architect of this and if you recall a few years ago we almost became Satoshipay by way of a proposed reverse takeover to use BLU’s listing. Perhaps we should dust off that plan!’
Never have I read as much nonsense in my life as this
1. Tony is not an ‘architect’, it was a ridiculous error of judgment which wasted nearly £200,000 of company funds. Of which they had to do a placing and shareholders were diluted… & so you know I’m not talking out my backside it’s on the RNS from 24/1/19… oh and that’s when we had only 1.9 billion shares in issue.
2. Suggesting revisiting RTO… What has changed with Satoshipay? They still aren’t making any money. They are just shuffling money around between companies to make it look as though they are profitable. I mean… Pendulum paying Satoshipay for tech development? come on ffs.
3. “Perhaps we should dust off that plan”…. Yeah great comment… my first question is…. Who’s paying for it?
The first thing any regulator with half a brain will be looking at is how the company makes money… so Satoshipay fall at the first hurdle - Satoshipay are not making meaningful money from their core business. you can forget crappy micropayments… micropayments is micro revenues.
All they doing is just burning through cash at the rate of knots and producing nothing in return. I don’t know how the set of clowns are still in business.
Perhaps they did obtain a valuation last year, but it wasn’t anywhere near their lofty, over inflated 2019 valuation. An ‘inventory’ was marked as completed in their 2023 roadmap. Considering they were valued at circa 20 million in 2019…. 20 mil… for what exactly? A few powerful computers and desks ? To me more like a couple hundred thousand euros tops… and that’s it … because the rest is the emperors new clothes - there’s nothing there!
This is absolutely last chance saloon
In before someone tells me to ‘be patient’… lol
Blimey, for me to get my money back on this, Satoshipay will need to do an Amazon!! Disappointed but not shocked by the situation, given the procrastination and lack of news.
Very sad 😢
tomtomtrader
agree on tony’s buying of stock
he doesn’t seem ****d, very little interaction from him so far this year
no interviews, podcasts, anything
at least before he used to show his face every now and again on proactive investors, directors talk, etc
it’s like he’s given up with it
The thing is 888, you bought in years ago for Satoshipay - for their micropayments idea I can only presume - as that’s all they had. They have pivoted several times since then and changed their story
The only successes I see to date are as follows
Listing of pen
Winning bid on kusama
pen token raise
Surely you listened to that interview with allincrypto - would you agree to say it was all about tech and very little substance on actual business and how they are actually going to make money ?
There’s a reason why I keep saying they are promising jam tomorrow as their fanciful ambitions never seem to materialise
It was around 4 years ago when meinhard was saying they could be bigger than PayPal
This is gut-wrenching; a difficult time for many of us on this board. Stories of fellow investors who are 80% or 90% underwater with their holdings shine a light on the misery that we share.
Two things stand out for me.
Firstly, the absence of any guidance from Dynasty should have been a warning. Not only were they short on RNS news but they had no active profile on social media that could have given a hint on their plans/progress. Sadly, I feel the e-sports "industry" is not the unicorn it was once touted to be. The young and aspirational from India are now more likely to invest in Bitcoin than play e-sports methinks.
Secondly, there is no sign of TF putting his money where his mouth is and buying shares in the Company. And that is not good news. If he truly believed in the Company's potential he would be buying up in significant quantities today to show his true commitment. If there's no RNS later (regarding this) then I will view it as another nail in the coffin here. As Nick Slater has repeatedly said, you can tell a good company by the shareholding of existing directors (or words to that effect). And talking of Nick, he still owns >11% equity here so he's sitting on a very significant loss on his investment.
I'm going to let the dust settle and plan accordingly.
Let's see if TF buys any shares.
SatoshiPay ... it's over to you now
It’s all about Satoshipay as it always was. I first bought into this years ago because I liked Satoshipay. Tony was the architect of this and if you recall a few years ago we almost became Satoshipay by way of a proposed reverse takeover to use BLU’s listing. Perhaps we should dust off that plan!
It’s very straightforward now and it hinges on what you think our share of Satoshipay will be worth. As of this morning our market cap is £2 million and Dynasty is worth £450000. Our share of Satoshipay is therefore being valued at circa £1.5 million. So if you think Satoshipay is worth more than £1.5 million you may consider buying at today’s price. I think most people who have stuck with BLU to this point believe Satoshipay is worth multiples of £1.5 million.
Almost worthless now. Raise after raise and now a huge write down. So many companies going into admin now. The money has run out and so many have been left with nothing much.
I made a comment last week about us going to 0.05
we are even below that now
ffs
I hope we don’t dip further to 0.01
News required asap
Come on tony
No wonder there has been sellers over the last month. Dynasty was often quoted as being a banker while Satoshipay is the riskier investment. Can’t say I have got a cat in hells chance of recouping the 90% loss. No point in selling at this level but am thinking this is a massive failure.
I’m over 80% down…
This is only going one way I’m afraid
Satoshipay need nabla live and functioning immediately
But let’s not forget that only back in November an RNS release updated the market saying that Satoshipay need an investor with deep pockets - or words to that effect
When are they going to buck their own trend of doing f all
This sentiment of this board for the past few weeks shows that holders/posters have just about given up defending them
All whilst Bitcoin is at $73k and the crypto bull run is in full swing
If they can’t get things going in this environment then we are stuffed
All jokes aside, it's a really horrible day for all shareholders.
We can all have our opinions, discussions and moans, but ultimately quite a lot on this board have been holding for a very long time and it's a tough one to take.
Personally for me i have a lot tied up in this so really hoping SatoshiPay pull a rabbit out the hat.
No real point in me selling now for an enormous loss.
ATB to everyone in what they choose to do.
Thanks