The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Pendulum update twenty minutes ago if anyone hasn't joined updates re live on ledger
I think it's very hard to put any value on SPay. I have no idea, but only assuming it has to be worth (at least?) how much it was in 2019 pre crypto boom. It is all about Dtransfter anyway. They seem to need nabla and amplitude up and running for that to be re-launched. So I am not looking at the pendulum tokens (which have a volume of what ..$4k per day? so any movement has no meaning really). I'm okay to see 50% of our holdings sold at what's in the books. If no director buys at this price it says something..
Thanks Nelson
I do, despite my moaning character traits, aim to take a balanced view on everything.
I don’t always just hammer home the negatives - however that could be argued as it late, but looking at the year to date chart as well as lack of fundamental newsflow, it wouldn’t be right to blame a lowly shareholder like me.
We don’t have a seat on the board at either Dynasty or Satoshipay, so effectively Tony is powerless in a sense.
No matter how many medium articles Satoshipay put out talking about their intentions, it unfortunately doesn’t cut it for me
The overriding concern for me is with Satoshipay and that one day they might just shut up shop if they can’t get any more funding. I pointed out a couple weeks ago that Dtransfer is closed according to Google, and their Twitter page has not seen any activity in more than 12 months. Whilst Google isn’t 100% correct, it isn’t usually far wrong either. I thought pendulum and amplitude were originally developed to overcome issues faced by Dtransfer, particularly regarding payment corridors/guardians between different countries.
Satoshipays 2022 accounts are due by September 30th. Tony F said just over a year ago that Satoshipay were profitable but their YE21 accounts tell a very, very different story.
I’m not sure who or what to believe any more, but the Glassdoor review from a former staff member at Satoshipay who said they ‘keep launching unsuccessful products’ can’t be ignored as they would have seen exactly what goes on within the four walls of their office.
I thought some cohesion between some of the major shareholders and Tony F might go someway to kickstarting things. Perhaps a quarterly phone call even just for an hour or so to help him navigate his way out of this labyrinth.
Also
Get those low value holdings monetised, too much scatterbrains with all these mini holdings dotted about here there and everywhere
Slugmum,
I usually feel your posts are a little too negative for my taste, but this summary of the Satoshipay position is spot on, and as you say after so long and so many false dawns it is little wonder that cynicism and low expectation begin to surface.
If Satoshipay make it through this next bull run phase - to end 2025 without a murmur then I will properly give up ever mentioning it again.
Dynasty in some ways even more frustrating with the lack of news - given the way they have treated Blue with no updates at all in this phase, when they get to IPO and are looking to have support from shareholders, I hope Blue cashes out - yes there may be money to be made there but Blue should have influence on the companies it invests in.
It may make money from there but the story of BLU is they have no leverage seemingly in the positions in which they are invested - if i wanted that, I can just invest myself as a PI.
So, joining you on the negative view - I used to think one day there will be news that makes us rich, nowadays I just think one day there might be any news at all!
I believe there is some value to be unlocked here in the long run, but its been a very very poor showing of late - however not sure what more BLU can do with their current hand.
Pendulum broke support yesterday on the intra day to a dangerous all time low but it seems to have recovered back to where it has been trading these past few days.
Lots of cryptocurrencies have spiked in the past few hours… hopefully a high tide raises all ships and that
I believe it is a legitimate concern that there is an absolute lack of investor appetite in this stock considering Satoshipay are (according to their Roadmap) about to lay a golden egg.
If there really is such little investor appetite to buy BLU shares, then it begs me to think what interest Satoshipay have waiting in the wings for their latest product. I’d like to think that the newsflow is like a pipe about to burst but that is wishful thinking on my part.
I certainly can’t recall within recent years any point when Satoshipay even gave Blu a mention… except for once when Meinhard tweeted late 2021/early 2022 saying something along the lines of London/stock market liking some news of theirs with a BLU chart. That is literally the only time.
Some will moan saying I’m being impatient… but after 6 long years and Satoshipays Groundhog Day of:
1. Create a new business idea & name
2. Obtaining funding
3. Plunging it all into r&d
4. Eventual product release
5. No one cares - no revenue
6. Start again at step one
Repeat ad-infinitum
How many more times do we led led around the houses?
Life is passing us all by - they really do need to finally make a success of this
Selling is not an option - I am almost 50% down on my holding here
Thanks to Dynasty too… also now firing blanks
Perhaps a rename to Blank Star Capital should be in order
In Chesterfield, Derbyshire, there is a ‘Blue Star Cafe’, type it in on Google images and see the place for yourself
Perhaps Tony F can hold the next AGM there in April, but at this rate we have to buy our own bacon sandwiches and cups of tea because these investment ‘vehicles’ are seemingly all still sat in neutral
8 trades, 7 of which listed as sells, is this what they call a sleeping giant before Satoshipay swoon us all
It’s a little too quiet for my liking
That’s both the volume traded
As well as the volume of posts on here, very little positive talk here for saying one of our investees is on the cusp of delivering great things
I would like hear a tech - based response to this
I have my laymen terms answer to the question and it has to do with funding and extraction/siphon of cash from stellar, however one wants to phrase it
I suspect it may be to do with compliance with these payment corridors between different countries to ensure compliance - all dressed up in the guise of pendulum
Probably best @ragnarr answers that one Gazzle
@slug
100% agree.
dukee is confident it will be, it needs to gain attention and traction, then and only then do Blue Star shares jump , from a sotoshipay perspective at least.
Dynasty is more nailed on , they are obviously executing well with Googly in india, with other contributors too, it still puzzles me as to why no IPO announcement yet, that will come though.
This is what frustrates me re Satoshipay
15/12/20 RNS
“We are seeing strong market interest and have signed 11 business clients from around the world, expecting to transfer over £70m annually using DTransfer. This is just the start, as new clients are being added every month. It feels like we have created a hit product and we will endeavour to build recurring revenues in 2021."
Tony Fabrizi, CEO of Blue Star commented, "Today's announcement regarding the issuance of a new Euro stablecoin on the Stellar network is further evidence of the growing momentum and support building behind SatoshiPay's DTransfer cross border payments platform for businesses. There is clearly strong appetite for the product and we look forward to reporting on the company's progress next year."
Surely they should be able to mop up any clients from here to hit the ground running
This launch has to be picture perfect
"look at December 21 - Jan 22 to cheer yourselves up, yes @dukee was stakebuilding at the time, however it wasn't all down to him, there was expectation of news (from Dynasty) that took us to 0.6, Q4 valuation will bring certainty and the price can build from there."
I see no reason why we can't be back there if in a similar position to back then. The only thing that worries me is that to get a value on Satoshipay we are looking at sale value and if there are no bidders or low bidders, that might hurt.
Dynasty seem to be going from strength to strength, so I'm more confident they are worth up to 0.4 if not more. My initial exit target is 0.45 on my ISA. Slightly more on my SIPP, due to over investment in early 2022. That said I have a couple of investments ripening and if they do so before much of a SP rise, I intend to add another 20 Million shares which will make me feel a lot more comfortable.
The positive i can add is that it will only take one facet of positivity from either Nablas or Dynasty to send this back to NAV as an initial target.
then valuation of satoshipay, again , given positivity from Mabla, this will in turn increase value of Satoshipay.
i would look for initial target of 0.2 and then we go from there.
TF knows there are lots of bullseyes on his back, its not even his fault, now needs action...
we know Satoshipay valuation is a matter of months away , that ahs to be greater than current market cap.
then as @LNW posted, DYnasty in for 0.2 - 0.3
its been far too long to get to this stage, however TF knows every LTH ois absolutely pi**ed off with this groundhog day, this i am sure we will get a much better price before the end of the Year.
look at December 21 - Jan 22 to cheer yourselves up, yes @dukee was stakebuilding at the time, however it wasn't all down to him, there was expectation of news (from Dynasty) that took us to 0.6, Q4 valuation will bring certainty and the price can build from there.
Yes duke, really keen to see some results now
Looks like Q3 milestones are all going to be squeezed into one month
I’ve set myself a reminder for 2 months today (26 oct) to see where the share price is compared to what it is today (0.12p)
I too, will be going mental on here if we are still scraping the barrel around this price
Slug, fair play you don’t pull any punches . I have Nabla as last chance saloon for them, but as a betting man I have gambled on them getting this right, and if they do it will eclipse all previous failures. If they don’t get it right, then can imagine your post will sound quite reserved to what I will be posting 😂😂
Looks like yet another week down the swanee at Satoshipay
They will drag this out for as long as humanely possible to extract every cent out of the pot
@dukee
i too wish Dynasty IPO confirmation was a fact for Q4.
all that matters though, is that real news happens in next few months on all the points you have mentioned.
Ha ha. Pablo I expected and deserved that comment - It’s different this time … lol. As many who here before me have been through the same - But I genuinely believe it this time ( me and many others prob said that before)
No doubt about it PEN has massively Dissapointed, but may be we expected too much too quick ! I believe a lot of issues have been with Polkadot and not PEN itself so hopefully, once sorted and listed on more exchanges we will see massive improvement !
With Nabla I believe they have learnt from PEN and will have a use that many many people like us will want to be part of straight away, with institutions to follow ! I honestly don’t know if Meinhard Is involved in Nabla at all it was just a comment, although surprised if he isn’t .
When share price in doldrums message boards always turn a bit sour - As none like seeing their investment down - But if no material movement in next few weeks I be joining you in the sourness 😂😂.
Space walk on PEN, AMPE listing, Nabla all happening as fact over next few weeks - Valuation of Satoshipay happening as a fact - Dynasty IPO, wish that was a fact for Q4 ! Looks like Googly the best move they have made yet !
@dukee
Nabla is the ONLY chance they have left now.
we all had big hopes for PEN, it may come good with time, it certainly has not been a success in the short term.
the FX market was always the game changer, i just hope they have done a little work on gaining traction quickly.
Nabla must succeed.
Pablo , you were saying as below well over a year ago and similar before that .... so why still here with the 'barbs' ?
is it all about para 1 ?
The tone of this board is a disgrace, being told to "frank off" by a major shareholder for asking critical questions is appalling.
You should not need to consider your lips sealed, your point is perfectly valid. Meinhard/SatoshiPay have bounced from one plaything to the next for the past 6 years, and delivered no meaning revenue. It is fair to question Meinhard spreading himself too thinly by involving himself in yet another project before the last one has achieved anything.
On a cynical note, I would question if this is his exit plan, for when investors stop burning money on SatoshiPays vaporware.
To be dismissed by the "it's different this time" chancer who can't explain what/why this is different is ludicrous. Unfortunately there are enough cheerleaders on here to drown out sensible questions
Nabla - it's different this time 🤣🤣🤣
After being the quickest ever parachain to close out on a Polkadot I was hoping for big things !
Nabla looks like the unicorn for Satoshipay now !
Are we really convinced Pendulum have correctly calculated which market they are cornering?
On their Reddit page, over the last 55 days, I’ve counted 44 posts. Not a single upvote from anyone at all on any of them
Whilst social media is not a direct outward facing true reflection of a business… we’re talking about a tech company here… thought there would be a bit more uptake / interest ahead of launch
Again, just stating facts
Link here for proof
https://www.reddit.com/r/Pendulum_Chain/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=1&utm_term=4
Anyone have any idea why PEN is hanging by a thread and close to breaking support/breaking down?
This is incredibly concerning
Meinhard is obviously a clever guy, very clever ! A lot of the blame why Satoshipay has never reached its potential has to lay with him, but without him Satoshipay wouldnt even exist. Meinhard is still very much needed and will know doubt play an integral part in PEN/Nabla and what ever else Satoshipay develops - I know he designed penguin,pe for staking PEN which I use and is very rewarding. Lets hope that big brain of it has developed the right products and that we know have the business team in place to ensure we get the maximum from them.
It does seem like ive said this about other Satoshipay products - But I am more excited about Nabla than any other.
Anyways as said next 4 weeks are going to be busy with lots happening with PEN,AMPE and Nabla, all of which if successful will put extra value on Satoshipay which I am also hoping we here about in the next few weeks.