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Yep it’s ridiculous
If Satoshipay can’t deliver by the end of the year Tony F needs a plan b aka exit strategy
Monetise the other dribs and drabs where possible
If Tony can get 7.5mil for Satoshipay by the end of the year I reckon yes flog them.
The net proceeds would probably be our market cap
If Satoshipay don’t pull their finger out very soon, without any bail outs from Stellar it will be lights out for them
Didn’t they say they could be bigger than PayPal?
More like
All talk no trousers - & Mr Market is well aware and has priced accordingly
And the selling continues!
To make a market you usually need a buyer and a seller, all these sells and much fewer buys, who is sitting on all this excess stock. I would guess the MM's would rather be neutral on a stock like this so I cannot work it out? I would guess that a couple of the trades this morning were buys as they were just below the mid, but still a deficit of around 8m just today... Any thoughts???
@blu
Makes sense. Think they’ll do some sort of update in September so a couple of months to know where they are with Spay.
Googly is D’s partner in India, but is a very young company and wouldnt expect they make large revenues. That said I think the LPL deal has a real potential
@london
crypto (crypto related) valuations are highly subjective.
who would have suggested Bitcon would be "worth" $60,000, the emarket said it was, who are you or i to argue
same with satoshipay, if a company sees value in a buoyant market, they will pay for it, not sure the revenue matters at this stage, its about the IP.... the AMM , FX market angles ... would a financial institution purchase it all, to save reinventing the wheel in house?
Satoshipay have never covered themselves in glory, rather the opposite.... theyve covered themselves in sh5t.
they've achieved nothing yet, spent and raised a lot., however that's not to say that they cant achieve something and that some company will not pay for it.
its as though someone at Satoshipay thinks of a project and decide yes that will work, then they do the geekery and attempt to commercialise / monetise it only to find there is no demand.
if they've misjudged the FX market, then i think Satoshipay/Pendulum are done!!!
there is definitely value in Dynasty, would be good to know just how much they are "crushing it" in India.
DYnasty could/should be worth many multiples as they are selling into a massively expanding market and have the right product to do so, would be interesting to get metrics to ascertain how they are growing to give a relevant idea of multiple expected for IPO.
i don't see why TF wouldn't sell 50% Spay for £3.5m, currently carrying the whole holding at £4.9m. we have got the usual vagueness "the board believes the value of satoshiopay may have increased significantly" however TF's version of significantly may well differ from shareholders hopes for what significantly means... sadly its not likely to be multiples of...... we go back to pre pandemic days of Satoshipay being described as a sh%tfest, sadly it has proven so !!
an extremely poor return for a decade investment, on the plus side at least it will provide a return.
a few months to see what transpires.
Also it really is a matter of: would the board sell say half of its spay holdings for £3.5m (i.e 3.5x the invested amount)? I guess they could. So that’s your potential valuation right there I think
Well I’m just tryna connecting dots here.
Personally feeling much safer with Dynasty than Spay. spay I have no clue what can be worth, nevertheless I do think that probably nobody does. So, to me, Spay is perhaps worth the current market cap (just assuming it’s value increased somewhat in 5 years). Hope to be miles wrong of course. I don’t think they could have ipod given they barely have any revenue… again I have no idea how much is worth, and believe nobody does either. Hope is free, but any value for spay is a hope value atm. to me the company is worth 0.35p 0.40max
tf stated valuations prior to end of year.
yes indeed london, ipo conditions are improving as one would expect at the top of the interest rate/ inflation cycle, always good to be slightly ahead of the curve and trade into the upturn that will surely arrive q4/q1 '24, for how long prior to the next "shock" who knows, however the important thing is to get it done.
i am hopeful dynasty may ipo q4 latest, we must have a ****oshipay valuation prior to q4.
as slug has repeated almost as a mantra and who can disagree with him, spay have had decades to get to this point and even now they are being forced, its almost as if they wan t to be unknown forever, most companies have a goal of ipo'ing or gauging value via one metric or another certainly on an annual basis such that one can gauge progress..... not satoshipay, they hav e missed 2 opportunities for ipo, 2017, 2021. could have easily got a listing away in those buoyant conditions.,
sadly not and sadly we find that we go full circle back to the depths.
monetise the assets,
if you get only £7m for spay stake = £0.14...
dynasty ipo at us$100m hopefully us not au$ = £0.26
which takes us to 0.4,
a great deal lower than most of us had envisaged and hoped for , such is investment,
on a positive note lets get it done and "get the hell out of dodge"
neither satoshipay or dynasty have been pushed enough to deliver in a timely manner for blue star shareholders due to the oversight of not having a board seat on either company as part of a substantial investment.
both companies, despite significant seed investment, have taken far too long to provide a reasonable way for blu to monetise their investment, some may disagree, they are welcome to their opinion !!
Https://www.afr.com/street-talk/bankers-dust-off-ipo-candidates-as-redox-debuts-on-asx-20230703-p5dla8
The stated key goal for 2023 was/is to place an up-to-date value on the two main investments.
But they said in the H1 review they engaged with a specialist firm to determine only SPay value. I think it's highly possible Dynasty will IPO as soon as ASX conditions allow, and so its value will be derived by the market directly (and so no need to pay a specialist firm). And apparently those conditions are improving. Would not be surprised with an IPO early next year, given the new investors from April 2021 pre-ipo round. Hoping for a $90m-$100m valuation then
There is no assurance whatsoever that any substantive news will be delivered within the next three months - or even the rest of this year.
888 - ‘Tony f knows all about Satoshipay’
and??? Your point being? Then he knows what a travesty they’ve been
Like I said in one of my previous posts - at this rate they are odds on for a decade of doing f*** all - perhaps that’s an accolade you can print, frame and put on your bedroom wall
We are on nothing but a wing and a prayer here
Value is not proven until it is reflected in the price action
An RNS from Tony f saying Satoshipay ‘may have increased in value since the last valuation’ does unfortunately not prove value to Mr Market
this is getting very tedious now!
where are all these sells coming from...
we need to more than 4 bag from here just so all the director options get into the money!!!
the lack of news flow from both our main holdings is despicable, both are supposed to be super busy and pushing the companies forward in leaps and bounds, but we do not hear a peep.
the pen token seems about as popular as a fart in an elevator and no further news on spacewalk etc....
what a **** show!
I wouldnt say there are 12m users on dynasty platforms... LPL has 400k active users. They are targeting to reach 1m users with the new platform (designed, delivered and managed by Dynasty) in one year time.
As a context, Dynasty was expecting to make annual revenues of $10m in Q3 2021, hence the $50m valuation at pre-ipo raise in April 2021 was given based on that projections. With the next Saas+ revenue model implemented since end of 2021, they expect that 85% of total revenues will come from the shared revenues piece of the contracts. So, every new partnership will (potentially) bring in 4x the revenues of the old model.
I believe these deals are currently in place with Googly (India), Paidia (Canada, small), Spark (NZ, small), LPL (Australia).
The Malaysian one (Maxis) lasted 1 year and the platform shut down in June. So no more revs there.
On top you have the distribution agreements (Pioneer create games, Dynasty distributes and publish them; so far in Indonesia) for which we don't have data on the revenue generation. To be precise here, the first game was meant to be launched on IOH by end of 2022, but they took 6 months longer. Not sure about the dynamics there, as Pioneer is a shareholder in Dynasty (and BlueStar), and his CEO acquired a company (carbon capturing stuff) from Dynasty CEO not too long ago.
I suspect there could be a number of agreements which we might not know about, however the new Saas+ model demands a small number of clients as they have to build teams for each partnership.
So Id say the Saas+ deals are those that we know about, and in the background there are a number of "old style" deals (for which we get only a monthly fee), that they do not publicly disclose.
Lets hope so Dave !!!
Big news coming soon.
Dynasty Gaming & Media
We have solved two huge challenges that currently exist within the gaming industry:
Large consumer brands must engage with gamers (3.2B gamers globally and growing) but struggle to do so. Dynasty provides a complete white-label gaming platform including communities, esports, tournaments, rewards, wallet, and gaming stores, with a track record of engaging gamers at scale.
Game publishers do not have anywhere near enough specialised local resources or distribution partners needed to maximise specific market opportunities - imagine what is required when a game title is popular in over fifty countries?
Dynasty's network, via major telcos and other large B2C platforms, directly connects to hundreds of millions of gamers.
Already live with major telcos and consumer brands in North America, India, Southeast Asia, and Australia.
The Dynasty platform is a full-stack gaming ecosystem combining esports, community and forums, e-wallet, rewards and loyalty programs, a game store and payments. It provides our partners with the ability to bring highly valuable gamers into their environment, while allowing game publishers to engage directly with massive audiences that they do not normally have the resources or access to reach.
Lots of stocks have now doubled or greater in last few months, whilst blu plumbs the depts.
agree with you slug, everyone invested in BLU is totally fed up with the inaction over th epast half decade.
your emotion goes a little too far, suggesting the stock is near worthless........ as with dukee's comments, there is value with Dynasty, Satoshipay too and only 3 month wait,
i was hoping for 1p back in the good old days of Jan/Feb 22, Satoshipay not up to it.
TF dare not mess this one up as he is well aware that all BLU LTH shareholders are totally fed up
Boosted PEN security on Ledger, a global fiat onramp for PEN, and Nabla testing highlight a few action-packed weeks. Let's dive into the updates!
Pendulum on Ledger Dev Mode
The Pendulum App's integration with Ledger's Developer Mode marks a milestone in enhancing PEN token security, leveraging cold storage capabilities. With ZondaxHub's support, we're moving from a successful functional review to a security audit, aimed at Ledger's public release approval.
Alchemy Pay Integrates PEN Fiat Onramp
Alchemy Pay, the leading global cryptocurrency payment gateway, is now integrated with Pendulum, enabling straightforward fiat-PEN transactions. Benefiting from Alchemy Pay's extensive global reach and diverse local payment channels, users worldwide can now effortlessly acquire PEN.
WalletConnect on the Portal
Good news for Pendulum Portal users - WalletConnect is now integrated! This significantly expands the selection of wallets that can interact with our platform, making it even easier to access and engage with the Amplitude and Pendulum ecosystems. Use WalletConnect via the Pendulum Portal here.
Nabla Testing
The Nabla Forex-optimized AMM (formerly 0xAmber) is now live for internal testing, and the doors for testnet trading will open to the community soon. You can get whitelisted for the testnet now, and the top 100 XP holders will receive rewards.
Alex @Polkadot Decoded
The Polkadot Decoded presentation video recordings are now live on Youtube. So you can watch our Co-Founder, Alex, explore how businesses could save $200 billion annually on cross-border payments that are typically incurred through traditional ‘dinosaur’ banking system fees.
Marcel @Polkadot Decoded
Onboarding new talent is a central concern for any ecosystem. Tune into the Polkadot Decoded panel where our Lead Blockchain Engineer, Marcel, discussed his personal journey through the Polkadot Blockchain Academy.
Https://esportsinsider.com/2019/01/lets-play-live-acquires-australian-esports-company-cybergamer#:~:text=The%20site%20has%20gone%20from,another%20esports%20property%20to%20LPL.
12 million users on dynasty's platform. a lot going on that you guys don't see
Guys we gonna be ok - remortgaged 40 grand at .30
Tony’s equity interest is in the form of warrants which were awarded in January 2023 for a period of 3 years.
He has 140 million warrants exercisable at 0.35p and 30 million warrants exercisable at 0.45p
The sp therefore has to be considerably above the current sp for it to be worthwhile for him to exercise. I don’t think he gets paid very much so unless the sp gets back to previous highs and above he is not going to get much out of this. He is incentivised to get the sp considerably higher. Tony has been here since the beginning and knows all about Satoshipay.
It would have been nice to have flogged some guild in the 6p-8p range however it would never have happened because we were also in a lock in period for 12 months. If I remember correctly Guild listed late Sept/early Oct 2020 so by the time Oct 2021 came around the price had already been sold down to just over 4p. By comparison to yesterdays close of .60p it would have still been a great time to sell. Hindsight is a wonderful thing.
To be frank, its actually embarrassing for BLU to be involved with such a crock of sh5te
Speaking of embarrassing, Satoshipay last week uploaded their confirmation statement on companies house.
Look at some of the shareholders
Aergo - whats happening with that partnership? What are they doing for us?
Aertinity - as above
Axel Springer... as above
Borsenmedia... as above
I hope Tony does find a way to sell our stake in Satoshipay pronto
They've now had almost a decade of doing f*** all. Its a long time in business. I wouldn't even want to speculate on how much cash they have squandered during that time.
I remember the idiots on this board defending Satoshipay to the hilt back in 2019, 2020 and 2021... Yet even still we've had another 18 months come to pass since then and even now still they've delivered nothing.
Talk about being left with egg on your face... yet these nonsense talkers like a rabbit in the headlights still think Satoshipay are all of a sudden going to take the world by storm... dream on..... talk about sounding like a broken record year after year
We really should have got a seat on the board at Dynasty... I'm sure we've invested something close to £1m into that company.
Neither did we get a seat on the board at Satoshipay
Now us heavy bag holders are literally sat in the dark waiting for something to happen
Old habits die hard
& yes IMO Tony should be buying a few at these prices if he really believes what's meant to be around the corner
And I say us holders here are heavy bag holders holding (near) worthless stock
That’s the reality of things here
Don’t get emotional and lash out at me, I’m just another lowly shareholder like you lot
The truth hurts
I remember saying back in 2020 that guilds tie up with David Beckham was an absolute waste of money
Looks like I was right
David Beckham and his guys working for him were only interested in one thing and that’s lining their own pockets . Which they appear to have done successfully at Guilds expense
What Guild should have done for a fraction of the cost is get involved with a few hundred up and coming gaming YouTubers / twitch streamers… gifted them all a few grand worth of shares but with a lock in period
Then said go and shill the sh5t out of Guild, every post, every stream, hell even give them some merchandise for them to wear whilst streaming or offer some competitions for the viewers to get their hands on the merch
They would have paved their own destiny with a common interest.
98% of the streamers may have given up or lost interest, but there’s probably 2% of them who would have made it big time
They would have got people who have got a gaming interest, to generate awareness of an esports/gaming company… things could have been so much different
There is almost no crossover with Beckham and esports for maybe the fifa game
Wrong target audience, and now they are paying for it
a golden opportunity squandered
I’d like to think BLU’s other investees are ran better than guild has been, but sadly, there is still very little to evidence this
Hence us still scraping the barrel in the low teens with what looks like a major holder offloading at any opportunity because they are likely seeing very little value being added
Perhaps maybe we should get Beckham involved at blue star… he might be able to teach the other investees about not missing open goals…
LNW - Apologies it is of course Satoshipay that has secured the AMBR And PEN tokens.
@ragnarr has BLU retained that 5.5%, or 28% of the 5.5% (1.5%)?
For Info - Nabla is now in live internal testing - just a reminder that BLU gave retained 5.5% AMBR (nabla tokens) when launched.