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Blu - lots of FUD floating around the cryptospace at the moment, USDC stablecoin temporarily depegged as a result of SVB, and lots of volatility. Actually failure of another centralised bank only adds to the argument for decentralisation - so good long term for Pendulum, but could affect short term PEN valuation while the dust settles. IMO.
with regards SVB and specifically to Blue Star and its investees.
no problem to blue star at all, operating cash facilitated via sale of Guild stake (sadly not all of it), will sell non core assets
to provide further funds should they be required en route to monetisation of 2 key assets.
no problem to satoshipay at all, cash rich, suckles at the teat of stellar (for now)
no problem to Dynasty at all. Cash rich, funded.
there are many other avenues to raise funds, should they be required in future, thus, to my mind at lest, the importance of a stockmarket listing ( for both Satoshipay & Dynasty)
@bobsson
i'd be delighted at 2.3p (ish)
Bobsson wtf does that mean? Your whole post is absolute rubbish quoting 2.3p. It’s 0.19
w. I don`t think there is a rush for valuations or disposals, the attempt at a valuation exercise to test the market is likely to happen Q4 2023. By then Dynasty may already be sold or have been floated. SP should be worth lot of money if it is a success, the share price should rise if the NAV is significantly higher than the current 2.3p (ish) and that is what we all want?
blubutton, You may very well be correct regarding any flotation of Dynasty, and that remains to be seen, but wrong I think about a special dividend upon a sale.
@bobsson
we've all known this for quite some time now.
however, Dynasty is , allegedly, already in the big time, but we have no metric to determine how big the big time is.
it is not the intention of BOD of BLU to reinvest anything, its about monetisation of assets. thus anyn sale will be reflected in the share price immediately, no special dividends .
with regards IPO of Dynasty, should that happen, the shares in issue will be determined in any prospectus, at which time BLU would take their 13.7% of the whole at the time. no dilution.
let's hope some of the theory becomes fact in the near future, we are all a little tired of waiting.
What is Pendulum Blockchain (PENDULUM)
https://blog.mexc.com/what-is-pendulum-blockchain-pendulum/
Surely the longer the Board can wait before selling any of the SP or Dynasty holdings the better for their valuations and hence our SP ? Why the rush for valuations and/or disposal ??
MEXC New Futures M-Day Will Launch Trading Round with 138,000 PENDULUM at 06:00, Mar 12 (UTC)
https://www.mexc.com/support/articles/16400974387737
Surely we will see alot more interest on Monday, maybe even an RNS! Rather small volume today, but largely buys.
@davetk
i sincerely hope so, most LTH's are losing the will to live !! ;)
So are we going to see more interest come Monday from 10.00am onwards?
Pendulum starts trading on MEXC GLOBAL.
Is this the start of what LTH have been waiting for?
Thanks
Dynasty could be one big deal away from the big time, prompting a sale or a float. Valuation is $100m minimum for me. BLU holds a 13.7% stake and will receive 13.7% of the sale proceeds. So if Dynasty is sold for $100m its $13.7m for BLU, if $200 its $27.4m for BLU.
How much money will be distributed as a special dividend how much will be retained by BLU for future investment in new opportunities? Share price would rise on news then drop ex dividend, however if SatoshiPay has continued success the share price should recover quickly. If its a float of Dynasty the issue of extra fundraising shares on listing dilutes BLU`s stake, its then either sell in the market or to a buyer for the entire stake.
@dukee
would be superb just to have a snippet of information that alludes to just what is happening at DYnasty.
TF must be as annoyed and frustrated as the rest of us with what he is allowed to share with his shareholders.
BLU is a 13% investor in Dynasty thus they must keep him apprised as to what is happening.
they advised TF (RNS) in Q4 22 that another 2 contracts were due to be signed within consecutive months, again we hear nothing from them.
the founders of Dynasty seemed excellent in their podcasts, i'm not enamoured with Bixby at all , he does seem to worm his way onto company boards , is he on the board of that crock of sh5t that is Guild?
i am hopeful that all may be revealed in new financial Year, April.
i'm ok if its £100m , its 0.3 to BLU , however its worth what someone is prepared to pay and in this growing sector, it could be anywhere between £50m and dukee's £500m, i hope for the latter :)
So now you’ve called Satoshipay first we will get a banging Dynasty RNS in the morning ha ha.
We can only hope.
@Prosper88. Sorry , would never have guessed that that would cause any upset . I'll try .
OK time for me to issue a warning. It is important to ensure that you have as much of your holding in BLU in your stocks and shares ISA otherwise you will be paying a lot in capital gains tax, when the tax man takes 10%, don't say I didn't warn you this will haopen!!
GLA
Any applicants here ?
Business Development Lead at 0xAmber
$70k – $100k • 0.5% – 1.5%
https://angel.co/company/0xamber/jobs/2603929-business-development-lead?utm_campaign=startup_share&utm_content=startup_share_module&utm_medium=social&utm_term=0xamber
Your text is very difficult to read please use a space after full stop. Thanks
Couldn't agree more Wadogara.
We are too cheap right now, but we are where we are.
We absolutely will not be at this price come the end of the month.
This moves very fast and any hint at valuation leaves this price behind.
Topped up this morning.
All good
Thanks
Well said Wadogara
Don't know where Barnetpeter and Zwarktops have suddenly come from.A quick glance at their posting history shows they are serial derampers across many boards.Who knows where this will go whilst we await valuations on Dynasty and SP.What we do know is that current valuatuons are a couple of years out of date and the BOD believe current NAV of .24,largely based on these outdated vauations, to be significantly below what they are worth today.Don't know why some are here trying to instill doubt..no doubt at all that our 2 core investments have evolved into 2 world leaders in their respective fields in the last couple of years and their valuations will be much higher than what .19 represents.Just imo..i'm expecting SP to at least treble from here by end 2023 at the latest,if not in the next few months.
Come on. Its always been a traders share