Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Cryptobot - but thats no different in TradFi. pretty well every piece of financial legislation is flawed per se and financial institutions have had to deal with that since inception. DeFi will be no different. The important thing is that official regulation is one of the keys to mass adoption of digital assets.
Agreed there will almost certainly be some issues with it and some adjustments along the way. The authorities dont want to kill crypto, they have realised it is the inevitable future so they now need to gain some control and inevitably gain financially from it. IMO
The AML aspect achieves nothing and creates potential personal security issues for people
@Cryptobot "Like a lot on this board, the EU doesn't understand crypto well enough to be regulating it sensibly"
Please explain. This is an interesting take on the subject. Why does the EU not understand crypto?
Intelligent regs = good
EU regs = unintended consequences
Like a lot on this board, the EU doesn't understand crypto well enough to be regulating it sensibly
Crypto regulation is good for a company that is doing it right. Satoshipay will be leading in the field of 'doing it right'.
We should be seeing this as a positive. Regulation is good!
Some forms of regulation will come eventually, that’s just how it is. It’s a case of wait and see I guess, but the fingers of government around the world will start to find their way into this pie eventually anyway.
https://time.com/nextadvisor/investing/cryptocurrency/why-crypto-regulation-is-good-for-investors/amp/
Name calling………..how childish LOL
https://www.consilium.europa.eu/en/press/press-releases/2022/06/29/anti-money-laundering-provisional-agreement-reached-on-transparency-of-crypto-asset-transfers/
Well done to the EU on leading on this
Broke the $1000,000 - 21 352 KSM ($1 001 604)
There is a reasonable chance we will surpass $1m this evening!!
Absolutely brutal day on the markets hasn't really done this one justice. I've a sea of red in front of me and you know it's a bad day when your best performer is THG! Lots I don't fully understand about this share but that's what excites me about it. Learning and holding.
GLA
What’s the timeframe for the pendulum crowdloan do we think? Looks like we have kasuma in the bag. Was expecting a rise here today with the way amplitude has started. Don’t think we will get any rises here now until either pendulum crowdloan or dynasty, but hope I’m wrong. Btc is dropping and the macro environment is dodgy.
Duke it states cash as of 31st march 2022 £113,000.It's near the top of the page
Pabs
I completely understand frustrations.The bod in my to view are in a difficult position when it comes to
Values. Gild is simple but Dynasty pend etc are different but all should be revealled eventually.
I am more happy now than at any time things are going in the right direction but that is because of the ragnars and Dukes who are great at keeping updates going. Happy for the bod to plod along whilst slowly accumulating.
Gka
Bears - I'm invested here because I want the exposure to some of the investee companies that are private.
There is massive potential here but the weak link is Blu and their useless board who are letting things stagnate.
If I could invest directly and bypass Blu, I would've already done so
Dark Hero always talks rubbish
Dark hero pablo
If you feel so negative why stay invested.
Wouldn't whant to be out of this share when the next rns drops
Gla
Exactly Pablo….. ICB888 is talking rubbish again.
What might be isn’t reality is it….. so promises of greatness are irrelevant until they actually materialise into something physically tangible.
Just had a quick look on chain. Wouldn't be surprised if they padded their own crowd loan, lol. Not that it matters in securing the slot.
Hope everyone that is taking part has hedged their risk.
ICB that is a very naive take. Oooh look at all their exciting, unsubstantiated hype about what the future might bring. Guild, Dynasty and SatoshiPay have been constay on the verge of great things for years, yet nothing is market announcement worthy.
The price reaction to the RNS tells you how well worded it was
This is a very positive RNS which gives every reason to continue expectations that Dynasty and Satoshipay will deliver the VC levels of return that one would expect from early stage investments. It’s just unfortunate the results are released on a very bad day on the markets when most shares are down.
Look at the conclusion on Dynasty:
“ Under the new commercial model, Dynasty anticipates that the revenue share component will contribute more than 85% of its total revenue within the next 12 months. The company remains in dialogue with all parties regarding a potential listing of the company's shares on the Australian Stock Exchange ("ASX"). However, there are several interesting discussions ongoing that could potentially that may lead a different outcome to an IPO on the ASX. We remain reassured that the board of Dynasty will continue to act on the best interests of all its shareholders.
To date, the Company has invested approximately GBP968,000 in Dynasty based on Dynasty's valuation of US$50 million in the last fundraising round. As of 31 March 2022, the Company's holding in Dynasty is valued at approximately US$6.5 million (approximately GBP4.8 million).”
And Satoshipay:
“ The fast progress of Pendulum and the Polkadot ecosystem may accelerate the mission at SatoshiPay to offer instant cross-border payments on blockchain sooner than expected with further news expected in the near future while Solar Wallet continues to be in maintenance mode with a recent update patch released to the market. This release includes a minor change for adding funds with Moonpay, which was required from March 2022.
As of 31 March 2021, total equity funding to date for SatoshiPay was EUR4.6m with Blue Star currently holding 27.9% of SatoshiPay's issued share capital, worth GBP4.5m, based on the last external fund raise in 2019.
It is the Board's view that the valuation of SatoshiPay may have increased significantly since the last fund raise given the operational progress of Pendulum. However, no revaluation work on SatoshiPay has been undertaken since 2019.”
Finally the Outlook:
“ The Board believes that the Company's portfolio has continued to achieve significant operational and financial milestones during the period. Importantly, the Board maintains its confidence in the strong underlying trends across the sectors within which it is invested in and believes in the benefit of the portfolio approach when investing in early-stage companies out ways the inherent risks.
Given the increase in NAV of the overall portfolio since inception, plus sufficient cash reserves, improving liquidity provided by our listed investments and the increasing investor interest in the activities of our portfolio companies, the Board is confident that it is both well-funded and well-positioned to perform strongly in the second half of 2022 and beyond.”
Have to say that that this RNS is of unfortunate timing. Has taken away from the excitement of the Kusama launch. Couldn’t make it up.
Rns
The rns does not reflect the future potential in £
But the knowledge of ragnar duke etc should tweak peoples minds before this info is released
And could be a bit late to enter the party when all
Is announced top up time even if only small another 250000 shares 4 me
Gla
Share price reaction tells you everything you need to know about what investors think of the RNS.
As many have said over time, the market doesn't lie.
The Blu board are a constant disappointment, this could've been a very positive RNS but they made it look like a turd polishing exercise by trying to hide the drop in NAV
"Decrease in the mark-to-market value of the portfolio, as of 31 March 2022, of £937,941 (1H21: £19,684 decrease) resulting in Net Assets of £11,718,709 (FY21: £12,715,515)"
Followed by
"Given the increase in NAV of the overall portfolio since inception, "
The NAV had dropped. Own it and give a decent explanation it being caused by Guild, why they dropped so much and why this year might be better for them.
Instead of the contradictory bull, which mades the constantly disappointing Blu board look like cowboys