We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Slug - its good to talk :)
Blu - I agree re Nabla with a focus on tokenised RWAs it has huge potential - Boston consulting Group recently produced a report on asset tokenisation stating that Tokenisation of Global illiquid assets is estimated to be a USD 16 Trillion business by 2030.
Here’s a link to the report if you ate interested.
https://web-assets.bcg.com/1e/a2/5b5f2b7e42dfad2cb3113a291222/on-chain-asset-tokenization.pdf
Appreciate your responses blu and ragnarr
Nice to hear different opinions rather than the same old attacks on me & saying im not a shareholder
The other day I posted my top up 500,002 before the ticket was printed
Also it would be a big waste of my time if I’d garnered years of satoshipays shortcomings in my brain if I’d not been invested
It’s borne from frustration and pure disappointment
Still not sure why Satoshipay accounts have been pushed back
Perhaps Tony f has something to do with it
He perhaps wants valuations out before 2022 losses are posted
@ragnarr
"Slug /Blu - perhaps the current management have learnt - who knows.😀"
indeed, i am certainly hoping so. :)
with regards Nabla, as dukee will know from my conversations with him, it is perceived Nabla have learned a hell of a lot from the PEN launch.
Nabla is the massive opportunity.
i am hopeful we go much higher from here, we are at long term support, levels we saw pre pandemic with not nearly the IP potential there is now, so... higher from here.
atb
blu
Once the infrastructure is in place for the FX pair to be traded, it will take time for the competition to get in. Pendulum should trade trade at nice premium by then until the competition catches up
Just to annoy Slug - Torsten is on another ‘jolly’ in Lisbon tomorrow 😀
https://events.polkadot.network/event/sub0-europe-2023/planning/UGxhbm5pbmdfMTU0NjI0MA==
Slug /Blu - perhaps the current management have learnt - who knows.😀
I do get the scepticism here based on past performance - micropayments was a catastrophic waste of time and money, but at the time there were many many informed commentators that believed it was the next big thing, they diversified into cross border transactions but clearly hadn’t allowed for the liquidity issue.
So here we are now, after announcing the major shift into building a Blockchain and our friend Mr Meinhard no longer at the helm (was he pushed or did he just go). 18/24 months later Pendulum,Amplitude,Spacewalk,Nabla have been created but not completed (Crypto projects are never truly completed) and I think it is safe to say that the developments has proven more difficult and complicated than maybe first conceived. (In my experience this relates to pretty much any IT Project) But it is clear from the repositories that progress is ongoing. Coding is being committed daily and very often large amounts. I am no techie but I cannot stress how complicated it all is.
I think we also have to take into account the crypto bear market, now the longest in history by over six months or so and has a huge effect on everything from VC funding, coin Market caps, partnership opportunities , new projects being incubated, valuations etc etc. I have no doubt if Pendulum had launched 18 months earlier everyone here would have taken a very nice profit as PEN would have been many multiples higher. There are signs of green shoots but in reality I think we will be well into next year before real improvements are there. (for the record I believe 24/25 will see new ATHs in BTC and crypto which may account for my pretty relaxed stance here)
anyway enough rambling - one thing we do all agree on is monetisation so looking forward here is a very concise article explaining Nabla potential.
https://revelointel.substack.com/p/what-you-need-to-know-about-nabla
Whilst I understand ragnarr that there is a lot of ‘dwelling on the past’ within my posts…
I can’t help but remind myself of the saying ‘those who do not learn from history are doomed to repeat it’
Taken from 28 September 2022 RNS
Comments relating to the portfolio and NAV
‘the Board believes there is significant scope for this figure (share price) to materially increase over the next twelve to eighteen months.’
The share price was 0.15p on 28h September 2022. We’ve regressed.
Since that statement, we’re already almost at the 12 month mark now.
How confident are we that Tony is going to pull something out of the hat within the next 6 months ?
He’s almost on borrowed time, created a timeline which as of now doesn’t look as though it’s going to be stuck to (sound familiar!?)
I think one of the contributing factors Tony left the business first time round was because of stagnation - nothing happening
I am fearful we are being led down the same road
Whilst I continue to back blue star (partly because I’m underwater here and not really left with much option) and average down on a granular scale, I don’t think we are even close to a material increase in NAV/share price
It’s just fancy talk- in reality we are all bag holders
Ragnarr
The fruitless partnership with Bankhaus Von der Haydn was not to do with micropayments
I do see some positives on their latest event, the location, the fact that meinhard is not mentioned anywhere and is not speaking at the talk, and yes agree the business is being taken in a new direction.
But
At least two and a half years have passed and I’m still having the exact same repetitive conversations with posters on here about Satoshipay finally doing something
I remember specially March/April 2021 a bank holiday looming eating a darn tesco meal deal in stoke whilst composing a post to argue with someone on here
I think the original RNS introducing Dtransfer was September 2020.
It’s now September 2023 and whilst the tech has developed, it would appear the actual business and revenue streams have not
To my mind it looks like they are now only just getting round to start pitching for business
@gazzle
very good point !!
@ragnarr
its easy to focus on the future if the company had merely had a one off issue or one product that failed to monetise, sadly with Satoshipay every product has failed the monetisation acid test, compound this with delays and mistakes and one does not have sound grounds for investment.
Satoshipay /pendulum must get the project management resolved, they released a new roadmap, several months ago after they missed timelines, they are now missing timelines again and will need to issue a NEW new roadmap.
you of course see the point and IF they were listed , this kind of oversight would send the stock plummeting ( even more than BLU already does and has) !!
i see FX as the last chance saloon for Pendulum/Satoshipay, i sincerely hope they get Nabla launched successfully in Q4 , $PEN tuned out to be a disaster (but thankfully seems to be recovering now)
the transfero links you posted looks encouraging, but they need to be monetised on the Satoshipay front
I think we're all invested for slightly overlapping reasons. My main interest is Dynasty. For the last 32 years I've been involved designing some of the most popular games and platforms in the country and abroad. But as my background is electronics, electronic security and electronic payment methods working closely with banks, Satoshipay also interests me. I see it as a freebie in my investment here, but quite an exciting one if something comes of it.
It's interesting as to why Satoshipay have been granted a three month extension to their account declaration. It may be nothing, it may be something. No point assuming I suppose. Looking forward to the valuation placed on it all the same. It's worthy to note that the last rise to ATH wasn't because of Satoshipay, but Dynasty. Yet all the talk is about Satoshipay.
Too much focus on the past for me, none of those listed have anything to do with the current direction . We can keep focusing on the past failure of micropayments and Meinhard era and make the assumption that nothing will change, or we can focus on the current direction of Pendulum, Nabla etc and the potential that holds.
Of course if one believes that the current direction has no potential and those directing it will ultimately fail as micropayments did then it would be a very strange decision to become or remain invested.
ATB
Satoshipay fruitless partnerships:
Aergo
Aeternity
Bankhaus von der Haydn
The register
Axel Springer
Borsenmedia
I’m sure there are a plethora of others which I haven’t even mentioned
The above list shows why I have about zero excitement over an alleged new ‘bonding’ with another company
Predictable yes
But the points are legitimate and justified
I’ve seen enough fruitless Satoshipay partnerships to last me a lifetime - what’s one in the grand scheme of things
Slightly predictive response Slug 😀
Forging a relationship with the likes of Transfero can only be seen in most peoples eyes as a positive especially as Brazil is the lead in crypto adoption in LATAM.
https://panoramacrypto.transfero.com/brasil-lidera-adocao-cripto-na-america-latina-diz-chainalysis/
The sceptic in me is saying to myself
‘wow, yet another blockchain presentation in another country…
’
1 I’d be surprised if there is going to be a different result looking at the history of their last 10 blockchain presentations that have gone before this one
2 in Brazil.. whose paying for this event and excursion (rhetorical question), I bet it’s costing a pretty penny to fly all these geeks out there on a jolly
3 on the list of attendees are venture capitalists… so basically they are going cap-in-hand for more cash to squander. Where and when is the next blockchain talk going to be after this one? Rinse and repeat.
Late august, There were some posters on this board saying sit back and wait and see what the share price is doing late October… I have a reminder set on my phone to see if we are still floating around 0.1p
Whilst I’ve not counted them out for this quarter, they are behind on their Q3 roadmap, having hit only one milestone. Disappointing
And the website also states you can get free snacks with your PEN tokens at the blockchain talk! So their crypto powered snack machine tech is still being used!
Still not making any money though…
@ragnarr
lets hope that it actually leads to traction for one of Pendulum/Satoshipay products
as @slug has alluded to many times, NOTHING has been monetised thus far in a decade of trying, they have been serial failures with their market product
if they can not gain traction in FX, that's it , they are done !! hence TF hedging the sale, take something now rather than risking zero, or allow an institution to purchase to keep Satoshipay/Pendulum "honest" and finally get something for Satoshipay , the thought provoking here is the statement from the board of the last several Years that "it is the boards belief that Satoshipay value may have increased materially", its vague but the sentiment is there, however, has it ?
at worst we should get at least what we hold it at.
i totally see ragnarrs point, being innovative in this sector takes time, however, its 8 Years now for Satoshipay and whilst they have received grants and spent a lot on bringing products to market their return (traction) has been modest to nil.
the jury is out on Satoshipay, a verdict arrives very soon !!
Dynasty , well we have awaited news all Year, it borders on the ridiculous to be blunt.
TF stated valuations before year end , see the last VOX markets podcast, or indeed listen to it.
Q4 arrives within a couple of weeks, we now need a couple of valuations to revive the "patient" that is Blue Star Capital.
Is it coincidence that Pendulum and Transfero are hosting an event in Rio in October. Transfero just happen to be issuer of Brazilian Stablecoin BRZ.
Global DeFi: The Future of Stablecoins & Borderless Payments
https://allevents.in/rio%20de%20janeiro/global-defi-the-future-of-stablecoins-and-borderless-payments/10000705954618267
https://transfero.com/about
@ragnar , thanks for the share.
Your input is always productive
@ragnarr
good spot, many thanks
have posted many times, it only takes 1 institution of medium size to get on board with this, or to think why reinvent wheel, to purchase the delay ridden pendulum/satoshipay etc and you get a reasonable chunk of change.
£20m is pocket change to institutions. i really do want to see Nabla succeed, disappointing there is a delay, so a NEW new roadmap will have to be delivered.
Satoshipay/Pendulum are as bad at project management and meeting timelines as they are at monetisation of their products.
@DaveTK ;)
Won't be long till blue star have a 1B market cap.
Firs 1/4 2024 is my guess.
Thanks
Something or nothing.
Just looking at the Nabla website there us an advisor Nicholas Burgess who is Quant Manager at XP Investments. Now Xp Investments are a subsidiary of XP inc are a Nazdaq listed Brazilian Investment management company with USD 14B market cap. Seems rather good company to have on the board.
https://www.nabla.fi/
https://www.xpinc.com/
https://www.xpi.co.uk/#xp-group
https://en.wikipedia.org/wiki/XP_Inc.#:~:text=XP%20Inc.%20is%20a%20Brazilian,management%20and%20other%20financial%20services.
https://companiesmarketcap.com/xp-inc/marketcap/
Slug - Have to agree with Gazzleberry here - everything you currently see re staking, bootstrapping, liquidity pools, nodes etc is all for the techies and crypto nerds and is all of the backend stuff of Pendulum. The front end applications that will build on the platform like Dtransfer and Nabla will be for us normies.
@blu
Business- clearly the positive change has been with the revenues generation model, away from the initial SaaS one.
LPL is very interesting I think, given their size and targets. Even more interesting could be Googly, because it seems to be growing very fast and it’s India. I wouldn’t really care much I about the 0.6% Blu owns of Googly, the key here is how much it grows as there is a 50/50 revs partnership with Dynasty. And the Dynasty CEO seems the Googly CEO too, which speaks to the fact they regard Googly as their mobile tournament app.
People involved- Tristram built one of the largest gaming platforms globally, so I think it’s fair to say he knows what he is doing. Baxby, the Chairman, has been appointed in the spring 2021 to help lay ground for the Ipo (or a sale). Hes there for a reason only. And he was put there by the funds that invested at $50m pre ipo round. After 2 years the business seems to have more and longer terms partnerships, and upgraded revenue creation. If they invested at $50m 2y ago is because they thought it was worth more than that. Arguably, after 2y, the business is somewhat grown and de-risked. I have no numbers for putting a valuation on the business, but I’d assume something around $100m could be achievable.
IPO market in Oz - Generally speaking, it appears the environment is getting better. Again, Virgin in Q4 will give more certainties, but good to see smaller cos not involved in mining also listing (or planning to) as of late.
Like I said I not arguing with what you say about Satoshipay - Although some of your wording is close to the bone and a bit scathing !
I do believe Nabla has its own team which has broken away a bit, also having assistance from outside entities who have awarded them £100k ! But then again I believed BLU would be 1p by now and here we are !
Have a good day all, got horse to train now going for 11th win of season tomorrow !
Nabla - their testnet due to be launched on oct 4th.
Well that’s their Q3 roadmap gone up in smoke, that’s not even main net either - only test net
It’s more the sentiment around nabla, very few even know of its existence.
They just sound like all the other generic blockchain company mission statements, in an already crowded space. How many other crypto projects are there trying to achieve a similar goal?
Coinmarketcap has 9122 cryptocurrencies listed. It’s like trying to pick out a needle in a haystack
We had in historic RNS that Dtransfer had clients lined up ready to use them .. where are they in order to hit the ground running ?
Satoshipay group of companies are akin to a UK council. They get money and they have to spend it. If they can’t spend it all, they will create new budget lines to ensure it all gets spent.
Satoshipay version is get funding in, and find ways to legitimately swindle it all, in this example they do it through all these spin off companies, to quote pablo… creating solutions to problems which don’t exist… the XLM powered snack vending machine highlighted earlier is a perfect example of this
I just can’t see who is going to press ahead with this over-complicated offering of theirs
Like I say, facts and links are there in my previous posts, check through and see what you think for yourselves