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A lot here don't expect instant value, 2021 -present holding we may now be looking for value since so much is going on?
People expect instant value and return. It's important to go back to what was stated in RNS' as fact: "For the reasons highlighted above, the Board believes there is significant scope for this figure to materially increase over the next twelve to eighteen months. " This was in September. TWELVE to Eighteen months. We aren't even there yet. September 2023- March 2024 is the timeframe given. Be patient.
Momo, it happens all the time, most times I buy here it shows as a sell, you can’t trust anything, I take no notice, I will be buying more if they keep pulling the sp down.
My 08:33 BUY is showing as a SELL - how does that happen?
I am topping up in a small way whilst the price remains at this level.
GLA
Come on....
Must be more bored sellers around than this!!
Do your worst and offload your shares.
There's people here wanting to buy them.... but not a this price :)
Do you worst, clowns.
@dukee
indeed !!
though i hold a chunk of $PEN, i'd much rather see 147% rise in BLU , followed by a 200% rise :)
They don’t know anything else that we don’t know already.
Just a big holder that wants to invest elsewhere. It’s not that much of a big deal tbh. 9million on churn here is peanuts.
Thanks
Now that 9M shares have just been sold at 0.165, can we expect another rise from these levels or does the seller know something we don't?
enjoy !!!
lets hope, at some stage in the future, BLU can have a daily rise of 147%
Snap, didn’t notice the big spread though. Oh well, maybe some news on the stellar bridge coming up.
Pen token is going for a run up!
Whilst much of the attention on here is seemingly on Satoshipay, it seems to me that it is Dynasty who are actually doing the business and producing real earnings and growth. Of course, I dont know how much earnings or growth, but adding up the various news stories about them in the last few months, it looks like its happening for them. Furthermore, their management seem market savvy, having ex investment bankers on board.
BluButon - what are you expecting TF to deliver?
The RNS shortly after he returned simply wrote off many failed investment and said Blu will hold onto two more until they are valuable.
Blu is a passive investor (look it up, lol at you patronising), they're just sitting on 2 holdings hoping they increase in value.
If you think TF can influence SatoshiPay, look at his previous years here, where SatoshiPay consistently delivered zero value.
There's no pressure on TF to deliver anything, because every time SatoshiPay make a worthless update to their website about developing more tech that nobody wants or needs, people here believe "iTs dIfFeReNt tHiS tImE"
Until someone gets a grip of SatoshiPay, and forces them to create a roadmap to delivering a product with consumer demand, nothing will be different, ever. No pressure on SatoshiPay = No pressure on TF = it's not going to be different this time, or next.
@ragnarr
many thanks for the articles and insight
@wadogara
normally have you filtered, so i didn't see your message until i was logged out.
i am not under pressure, neither am i a passive investor (look it up), as it seems you are .
i remain active and offer opinion, i am happy to do so and will continue to do so, i trust this clarifies matters for you.
TF is under pressure to deliver, as is every CEO, and i am sure he will.
atb
blu
State of Crypto today 2023 A16z report
https://api.a16zcrypto.com/wp-content/uploads/2023/04/State-of-Crypto.pdf
I think it is important to stress that the Pendulum project is in the very early stages of the whole web evolution. We have experienced web 1 & 2 we are now on the brink of web 3. It is my view that in terms of progressive development we are are roughly are at about 1996, when the internet as we knew it then was about to explode. Web 3 will (in my view) change everything, its just a matter of (as individuals) whether we have the foresight and conviction to take advantage of the next phase and what is about to happen. Maybe Pendulum will be part of that, maybe not, but projects providing real world solutions are (in my view) the future, and Pendulum fits the bill. But patience is required - these developments are not easy to implement.
Happy to be corrected :
400,000 registerd users @A$730 average revenue per user = A$292m
50/50 JV with Dynasty = A$146m
Blu owns 13% = A$18.98m = £10.12m
Current Blu MCap = £10m
Plus : North America
South East Asia
India
Satoshipay
If this is right,we will soon have a massive re-rate on our hands.This is hilariously undervalued.
The only one under pressure here seems to be you @Blu. As Crawshaw says,maybe you should sell up . You are on here several times a day now bemoaning your investment..sure cash in and put it in GST..which has no succinct valuation either atm. Personally,am more than happy to hold as wuth each new Dynasty contract the value of our investments just keeps on rising.
a valuation can be achieved each and every year, in fact, its good practice to do so.
TF can sell a part of the holding should he wish to facilitate a valuation of the whole of the holding, for both Satoshipay and Dynasty.
nearly 16 months now since we hit 0.595 on 16 - jan 2022, and that was on speculation that we would hear something from Dynasty... nothing since.
i'm sure we will get a valuation this year, its overdue and i'm sure TF wants a way out too, he is under pressure here.
A new valuation even at this stage would hopefully be much higher than previously accounted for by BLU.
Once general market sentiment picks up particularly regarding crypto / blockchain and all things de-fi.
I do appreciate getting a valuation this year may not give Tony the luxury of waiting for the above, but valuations are generally higher during boom cycles.
He did say it may just be an exercise to probe the market.
.
@johno
what do you perceive as "best market conditions" ?
I think you should sell your holding blubutton.
100%
I think Tony will be pushing as hard as he can. He's also commited to obtaining a valuation for Satoshipay this year so value should be attributed at some point. I am sure he 'll be waiting for the best market conditions in which to conduct any Satoshipay 'sale' process.