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PEN 😍😍
HAPPY NEW YEAR GUYS !
Slug - this year will be different 🤣
Happy new year to all on here, hope we all get out of this with a profit in the not so distant future.
Well next year has to be the Year that Satoshipay / Pendulum finally get traction, the cross border aspect and FX must finally offer them a way to redeem the "lost" years.
the valuation/sales process which will be disclosed at latest March '24 should reveal all.
Interesting read re cross border payments - worth noting that USDC 9Circles stablecoin) is one of the first stablecoins available on the Pendulum ecosystem
https://www.financeasia.com/article/stablecoins-to-facilitate-cross-border-transactions-singapore-fintech-festival-p/492877
The last business day of the year is now over
Having checked companies house - satoshipays accounts have still not yet been submitted
Am I surprised ? Not in the slightest
Their benchmark prospectus can read as fanciful as it wants, all it takes is someone to either;
- go on their website and look at that uncoloured roadmap (what on earth have they all been doing for the last 4 months, bearing in mind they massively fell short of their Q3 roadmap, but I know you guys don’t like to talk about that here because you get defensive and emotional)
- go to companies house and see that they have not submitted their accounts on time
For me , if I was spearheading a potential acquisition, alarm bells would be ringing straight away
Speaking of their prospectus - do we know if benchmark actually have an asking price for Satoshipay ? Or are they simply peeing in the wind with an open armed ‘make us an offer’ type scenario? If it’s the latter, then we have absolutely no hope.
If someone would be able to elaborate on this it would be appreciated
There has been no such RNS declaring interest or formal offers/bids, so with that I am taking it that there has been no interest. Another disappointment.
And I’ll also take the sting out the tail of anyone who cares to respond. In before you tell me ‘Satoshipay are on the cusp of launching x product / y product next quarter’.
Great. They’ve been on the cusp of launching something every quarter since time started. It’s called jam tomorrow. Every launch has been a nothing but a damp squib.
Mark my words- wait until the end of Q1 2024 and when we are languishing at these same depressed prices we will see who has the guts to say slugmum was right. I said a similar thing around jul/aug for the end of the year and look where we are.
Those who were wrong have skulked off never to be seen again.
Looking forward to getting jam tomorrow throughout 2024…
No interviews
No podcasts
No general brand awareness exercises
Are all of the above outside Tony’s remit?
He has done all of the above in the past
The clock is ticking
He is closing in on his own self imposed deadline of the end of March
Just over 3 months to pull out all the stops
‘unsubstantiated speculation’
I call nonsense
Let’s not forget that q4 roadmap you’ve just seen was already a rehashed one due to everything they missed from their q3 roadmap and they still haven’t hit a thing
I have every confidence blubutton that you are able to make Satoshipay run the gauntlet and have them actually do something, but you are doing Tony’s job for him
he’s been MIA for over 6 months
Bullish talk on a bulletin board means nada
We are in a results driven environment - of which we have nada
It’s around that time of year again when we will get the posts saying
‘oh next year will be different’
‘This is the year investees deliver!’
Whereas I’m sat here thinking…
yet another year down the Swanee by Satoshipay
@slug
i think you could fall into a container of cherries and come out clutching a turd. ;)
you seem to be a glass half empty guy, maybe Satoshipay and Blue Star have destroyed what little optimism you had left but whichever way we look at things Blue Star assets are worth more than £5m from both Spot and forward valuation.
i would agree entirely on the roadmap, no one and i do mean no one has given them a harder time than I, however as shareholders and indirect at that, we can only do so much and whilst slippage is a part of the project cycle, Pendulum have had their share of delays, on the plus side, the project is virtually complete and with the launch of Nabla and Spacewalk on pendulum, they can finally get on with the important part.
Slug - You make a fair point re roadmap - certainly behind on the schedule.
We will see ragnarr
But their evidenced performance to date suggests that they will kick the can down the road at every single oppprtunity
May I direct you to their website
https://pendulumchain.org/
Scroll down to the roadmap & have a look for yourself to see how much of it they’ve completed this quarter
Slug - nothing like a bit of unsubstantiated speculation heh :-)
Looks like they are looking for a good day to bury bad news
Its a fair point Gazzle
TF is the guy to query on this.
would TF begin a sales process/valuation on a company, spending funds on Benchmark if he knew there was an issue with accounts , which would be found at due diligence stage?
have a chat with TF, we should be hearing from Dynasty soon anyway with regards merger and Indian market position.
we al expect Satoshipay to be front and centre in '24 , Nabla FX , Spacewalk on Pendulum with the ensuing bull market.
do let us know the answer you get from TF
atb
blu
Reading these replies it is still very confusing and like i say anyone thinking of buying would be put right off, i know i wont be buying no more until this is clarified. They need to get this sorted and fast, it is run like a two bob market stall.
Indeed Gazzle
suspect Satoshipay Gmbh may be the place to look for THE accounts.
Correct Gazzelbery.
its the UK subsidiary , its an admin oversight, but in the grand scheme of things, means jack schmitt.
What kind of confidence does this fiasco give anyone to buy here, i have been worried about this accounts saga for a while, makes you wonder what the heck they are playing at.
Correct 999
It would not surprise me one bit if the deadline is extended
Am i right in thinking Satoshipay accounts have to be in this week.
@bobsson
"BLU will be the subject of a takeover bid, hopefully battle, from a large financial institution (eg Morgan Stanley) looking for a large stake in Spay prior to its IPO."
a few leaps of faith there ;) , i sincerely hope you are prov en correct..
Firstly both of BLU`s investment companies need to show real commercial progress in 2024. Dynasty`s new business model has to show a big increase in the growth of its market, increase market share and profits. Satoshipay needs to ensure its much delayed development timetable is fully met with 100% success at each stage.
The greater value for BLU is Satoshipay for me, the sky is the limit. The expected 2024 crypto bull run will bring Spay into focus and it could be an excellent year for BLU.
Blue Star will sell its stakes in both Dynasty and Satoshipay when the price is right, and distribute to shareholders via a special dividend or BLU will be the subject of a takeover bid, hopefully battle, from a large financial institution (eg Morgan Stanley) looking for a large stake in Spay prior to its IPO.
Having been through the last 3 crypto cycles, seen ICO’s, NFT’s, ordinals come and go, and the majority of the firms with valuations in the billions are generating revenue i.e. exchanges and ancillary blockchain companies.
Do those long term holders seen their exit here, at multiples of the current share price down to;
Rising tide lifting all boats?
The sale and crystallisation of profits on investments?
A regular Revenue stream and potential future dividend?
Merry Xmas all - Hope you all have lovely Xmas xx