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Great , another fruitless medium article
“Insanity: doing the same thing over and over again and expecting different results."
If anything some of you other posters should actually be thanking me for managing your expectations
When they fire yet another blank at least you’ve already been mentally prepared for it by slugmum
Put it this way, we’re already 1/3 of the way through September (the last month in Q3) and we’ve still got f all
There’s hardly any of you even standing up against me to defend Satoshipay
No response from wado either about my questions on the accuracy of the loss figures reported on the Satoshipay accounts on companies house
He folded like a cheap suit - good riddance to those who can’t back up and justify their nonsensical claims
More progression, bodes well :)
Gaz - it will be interesting to see how SEC appeal goes on XRP.
Gaz - XLM certainly one of the more stable coins over the last few months - dont think you will go far wrong - also in my portfolio.
Slug - everything you say re Satoshipays lacklustre past is true but we are just regurgitating stuff that has been posted many times before.
Current valuation is nigh on impossible as it is completely tied into the Pendulum/Spacewalk/Nabla projects and the related relaunch of Dtransfer so it is all about potential at present.
From a personal perspective I firmly believe the current project has huge potential, but success is very reliant on the state of the crypto markets and specifically the De-fi development. Timing is everything and all altcoins /projects are at historical lows and many will ultimately fail, so we are in the hands of the crypto gods waiting for the next crypto/De-fi bull run where it is not unusual to see good projects increase x100 or more.
Maybe Pendulum or Nabla will be one of them, maybe not. But if you are going to place your bets on anything in the crypto space, now would probably be a good time to do it.
Yes that’s right ragnarr but the point being. This company (Satoshipay) was valued at circa £17 million (2019)
I can’t see how the valuation stands up even at that when they are making €6000 per annum
Please let me know your thoughts these 2021 earnings in comparison to the loss posted on companies house
https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/YA5lPaCiNO4WgR-GAZKoizczL2WBV4QoagEqhIxZpR8/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3JQAR7S3K%2F20230909%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20230909T160025Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEOP%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJGMEQCIC8cx%2FhWhHDb%2BuR5fCvDh248eHJcoG7gy2k3ctUpEhAxAiApqXF2vGNPj73SGa4K2tWygdW3OX7nPgxdgyyMzw2jPSrEBQi8%2F%2F%2F%2F%2F%2F%2F%2F%2F%2F8BEAQaDDQ0OTIyOTAzMjgyMiIMLg9Zwa9sT0ZVfDjFKpgFHzqThRI2U5GsPfp7wMfU5%2FGE1bRlqLNAo5NtayuvSLFxGsFHAF9y4oc5V3Vf%2FE8zubjp9NdeXS719zDHp6km6pq3frrkQGhbr6h0VGb6QI7DkuSoPQRPee%2BjriNfUBgN%2B2ExTdhTHw9czI6%2BrB7ijRJJNJNTkm1KKrqa3cExyrZPzDueq0c46qYxoIoOlwoPn7nAVofYROmJwROwpdVF8Qyx0a4e3OXkKqTc36zKpKLAi22MVCv1EN4PX3qUOTsLIREhxOQY81hwx1rHUM0qxAyvKZjjiIQq4D7QoQ99IxSfQleHavMiYMITnTW2avCHpsBrcOoUEUeTICyZ0Jr%2F2A5ZavkdWSU7XSigupLtAnzWF47RqnKih1BrP%2FPErji7wJ9JHb8iGTV8I6XhKWOVqkydETI5tYHikzzaavzQ%2BiK3MiFNRiW73LX2WT3Yf8xdkD1IdVPivTHmcR7xvBS1uYRzhUHlQ5kEQgzZYG9nS6R5of8yYSqafzNpSfDsyowr8bCI2qT4PUv%2BMAGNZkYJcG%2F1X%2FwJgAkflAT2NJ12uBInELFERvuruXw9qh3FZYhLyTvMZS%2FWXVRYN2unWskcb8AKB3pLnyo76bY106jUw8f1fxAhdUgMF3jMaMD2kJo5LzDTF0GS0NIIJIkfSsp2mMrtJOqoinpDPlOL34I%2FCvZBM3GJfjcvQBFzOi5H8jiWEFZSyWrUqPRCKyGuaYFfd93cdhuM0ALQWTGp8ECegVFTSIeSSFC3ugfTCN9ni3sf0Zb%2BwrzjME0LFd6aqiORzwDWSuafqWTRYDayRQWNb8G8%2F5iKG9V8u9z8jWazAXKEr8E0FwE91fSDWTjLviMFq0YpldLGmcGu9LPbaLVYZ1Q4gQBM8Ma7RzCVk%2FGnBjqyAUH1dyi9gwzWPOaP2VbQPHJ6IXsWBdzuiXIYcTmjNUJYU3R%2BeTIf9sWK6AN1r%2Fdpbm%2BPULWVBewR0j80McBoMyPihZwzoe%2F%2B3%2FMc7R9giqSY1v%2FrMpByaYRKVJYPbM%2B3BR3lTKTtaBXGNOQRQzokpLQENhRdZxZ8EAntCtgvO3Y82L%2FjUIM22tCiGI747L16RWVGeuaG4grdTxrK%2B0GGR9BvZXc9pKovgMQHTh9XJicKAGA%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=8a67c51e02fe9dd7d4f48b8fdab99ea5aa9bb51a58eb747bb4520a788ac2d75b
Quite contradictory, don’t you think?
Hi Slug - just to clarify - you are quoting the earnings figure from the link i posted - earnings are not revenue. Revenue is not available on that link.
The essential difference between revenues and earnings is that revenues are the key indicator of the gross activity reported by a business, while earnings are the net amount left after expenses are subtracted from revenue
Yes I agree Deece
The negative posts are mainly from me - borne out of sheer frustration of this dire situation almost all of us find ourselves in
There were some good profit taking opportunities late 2021 and early 2022 which I didn’t fully take advantage of either .
I did sell a small amount but bought back in again later on when it dropped, only for the share price to continue on its horrible downward trajectory to where we find ourselves now. The last 2 year Chart is actually depressing to look at
I won’t be making that same mistake this time around. My sell orders are set, based on support and l resistance levels.
Set and forget, so if we do have an intra day RNS (almost forgot what one of those is) my decision making is already done
What is frustrating now is I don’t see an easy way out of this hole
We don’t have a seat on the board of Satoshipay or dynasty, so we are in the dark as to any substantive developments.
Satoshipays news outlet is medium but all that gets pumped out are fruitless articles about a few tweaks to tech - nothing to excite shareholders in the language in which we speak and that’s money
The investee companies can and will drag this scenario out for as long as humanely possible in order to keep taking money off the table and Tony/Blu can’t do a thing about it
I do hope these valuations in which Tony is working on obtaining give the share price a jump start
Either that or wait for the crypto bull market to start which one would hope (by overlaying any major crypto chart over the BLU chart) would see some correlation in a rising share price
There are a lot of negative posts lately about this share from LTHs. At the current share price, I imagine most investors are underwater to some degree (myself included though I have only been invested 2 years). However..... I am only underwater due to greed and inexperience in the market. Since investing in blu and reading these boards i have had multiple opportunities to take profits in blu, there have been a couple of times the share price has exploded and i could have sold in the blue, however due to Greed and Inexperience I didnt. Now when the SP was 0.6, I believe most people would have been in considerable profit but did not sell due to the expectation of further gains. If you did not sell (like me) at the top of a rise, that is not Tony Fabritzi's fault, it's not Meinhard Benn's fault, its Yours/my fault.
Yes we could do with SP milestones to be met, yes we would like a Dynasty IPO, but to say you have not had the chance to do well on this share is unfair, it was greed that stopped you coming out with a profit.
@wago
You claim I’m wrong with my Satoshipay loss figures… Well they were taken directly from companies house… so with that in mind… are you saying thir accounts are wrong ? Because that’s what you are implying here ! Lol
Please only return when you actually have something to back up your inaccurate, nonsensical comments
If you can’t substantiate your comments then do us all a favour and refrain from posting
So Ragnarr- firstly thanks for the link, however from clicking on the link for German Satoshipay (I wish I never clicked it with what I found)
It says earnings in 2021 of €6000…. Yes… just six thousand euros? For the whole year?! Ffs that’s €500 euros a month
That is absolutely shambolic
So that’s two Satoshipay related websites with abhorrent figures
Two wrongs don’t make a right my friend
No
I won’t sell at a 50% loss
So you’re stuck with me for a while longer
Slugmum you really should sell.
I’ll summarise the link for all…
“Ahem… in August 2023 we yet again delivered zero substantive news, certainly nothing worth BLU rolling out an RNS for. What we have for you instead is a load of tech waffle what no one cares about to bamboozle you all.
We’ve not hit any of our Q3 roadmap milestones either
Thank you
Powered by Satoshipay”
Saved you all a click and a 3 min read
Https://medium.com/pendulum-chain/august-ecosystem-roundup-67c5f55e2f43
If this "unveiling" next week by Spay is a success, will it be significant enough news to warrant an RNS from BLU?
Slug - Satoshipay are not just a UK entity - also German entity Satoshipay GMB
https://www.northdata.com/SatoshiPay+GmbH,+Berlin/Amtsgericht+Charlottenburg+%28Berlin%29+HRB+170212+B
Then pie it will be..Bluberry pie 😉
My figures are not wrong
With so many false dawns - I’ll have to see it to believe it
If it shows as a loss then Tony is left with egg on his face as it look as though he doesn’t know his business
If they (Satoshipay) post a profit for YE22 then I will eat humble pie
Seems the verdicts Inn @Slug, you're wrong lol !
Slug - for the record Final results March 23
“SatoshiPay achieved profitability in the year ended 31 December 2021 and is expected to continue to be profitable in 2022.”
Last few years losses at Satoshipay to save any fundamentalists from rifling through the accounts
2017 -€943,306
2018 -€1,972,528
2019 -€3,202,909
2020 not available
2021 -€3,473,024
2022 - losses to be published some time during this month
Look at the trend - and don’t get mardy at me fellow posters. The trend is your friend. These losses are public and for all to see, and are firmly etched into the history books - these are not the doing of a sole poster called slugmum on the LSE board, despite what other fairytales you believe!
I count almost €10m squandered as per the above and that isn’t even counting 2020
It’s ok though because meinhard has enjoyed countless excursions on that money, globetrotting with his blockchain tickets, paid for by BLU, stellar, Daniel masters and others
Does anyone really and truly believe that they are going to come out with something amazing between now and the end of the year?
Ironically, as I type this I’m next to a Jury’s Inn hotel
Well I’d say in this instance I’d say…. The jury’s out!
Surely we are not looking at yet another week down the swanee for Satoshipay?
Who would ever have guessed? 🤣
PEN jumped 42%+ within the last few hours
Hopefully a step in the right direction
Be nice if BLU did 42%+ for a few days