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I’m on the lookout for 2022 accounts from Satoshipay
Tony f said they were profitable but the 2021 accounts showed a 3.5million euro loss
It will take a lot more than chump change to fix the car crash that has been Blue Star.
1... Dynasty IPO
2... Satoshipay valuation / sale
the above are the only 2 events that will move the price, the longer they wait the more inclined they are to failure.
to my mind
0.3 at worst, i really hope this is not the sum of the parts.
i'd take 0.5 now after the Years of disappointment just to be able to put the funds to work elsewhere.
I think the Googly interest/progress is probably now more relevant to Dynasty than the small holding Blu have directly.
0.6% holding…
I wouldn’t have even bothered wasting my time writing that
Ffs when are we going to get some proper news
Yet again we are looking like another wasted week with Satoshipay.. they will no doubt all be paid at the end of the month without giving anything back in return
I think the most important thing is that googly works on dynasty’s platform and they have a 50/50 split of revenues generated on it. So more relevant to blue (13% vs 0.6%). The £59k of book value for googly (from its latest fundraising) could be worth more but it’s very very small anyway
So we still have an interest in googly...
No RNSs are showing on lse.co.uk at present. Mush check my other holdings. Thanks.
Not sure why todays RNS hasn't appered on here (as yet)
https://www.londonstockexchange.com/news-article/BLU/googly-partnership-with-the-cpl-cricket-league/16075807
If the IPO happens, it won’t be this year. If Virgin goes public in the winter and the process is positive, that would be a good signal. They were few months too late in 2022, and would guess the business value increased in the last year (although multiples are lower so I’d stick to a usd100m plausible valuation). But it’s a guess. Baxby is chairman for one reason only anyway, to ipo or sell
I thought Nabla was the new 0xAmber
Comparing the websites, there are no matching staff names between the Nabla and Satoshipay website
I wonder what happened to Dtransfers 11 business clients they had signed up (mentioned within 15/12/2020 RNS)
Perhaps at the time Meinhard was too busy eating computer chips to even have a clue what was going on
@slug
multiply that by a million and we'll take it ;)
I’m not saying google are right, it’s just another red flag with this ailing company
Apparently spacewalk and nabla launch this month but it’s all incredibly concerning
Who will buy this crock of **** from BLU
I’ve got about £7.52 in my pocket so I might make a bid with that
I wouldn't trust what Google says Slug. I went to a resturant yesterday that Google said was closed.
According the the DTransfer website they are running just fine. They even have job vacancies advertised. They just appear to have been merged in to the entire Pendulum business.
I am of the same opinion.
It is my belief that Dtransfer makes a reappearance in a different guise under Nabla.
Nabla launch this month?
Have dtransfer gone bust?
A simple google search says they are closed
They’ve not posted on Twitter since June 2022
Every day that passes this unravels itself as an absolute mess
I thought dtransfer needed pendulum to operate
Google says closed
Dont think its anyones focus now Slug, all that matters in the next 2 months is that we get a partial or full sale of Satoshipay.
to my mind Satoshipay remain profitable, as they have been for past couple of years, anyone in doubt ask TF.
Satoshipay valuation/ sale nails the BLU price, then in (hopefully) short order, we get news of Dynasty IPO/SALE / takeover by Microsoft ; ) etc...
lets hope TF has everything ready to go, we don't really want anything else, delays or otherwise, adding to the 2023 sh5tfest...
Any idea what Satoshipays current monthly cash burn is ?
I estimate it’s got to be close to €100,000 a month
17 staff on their website… let’s say average salary €40,000 per person = €680,000
Divided by 12 = €56,666
Plus business overheads on top
@london
most interesting, thanks for sharing.
more to the googly than meets the eye, if you'll pardon the pun. cricket is a "religion" in india, thus if you cant make cabbage out of betting or gaming out there, then business is not your thing.
interesting to see corporate structure taking form anyway.
i'd still like Dynasty to offer terms of IPO in H2 '23, we then get valuations of both investees, such that market can make its own assessment, we then finish multiples higher than this ridiculous situation we BLU shareholders find ourselves in , AGAIN !!!
an absolutge sh5tfest of a Year after what promised so much, thus far !
@ragnarr
very interesting, paypal have to innovate, would they like to make a bid for Satoshipay/Nabla/Pendulum ?
keep welcome back btw.
blu
Https://www.reuters.com/technology/paypal-launches-stablecoin-crypto-push-2023-08-07/
Superb find LNW.
It's a great competition to be associated with.
It seems Lodge became Googly ceo
https://www.cricketworld.com/googly-cpl-launch-ecpl-with-25-000-prize-pool/88769.htm
0.117 bottom.....about to end...imo