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They cant be trusted to be left to their own devices because things will just float around forever, like they are doing now
These companies are taking the p155
Tony needs to be absolutely all over them like a rash
@uxm484
no placing will be required , that ship has sailed, that's why we sold down guild for operating cash.
its about time we got valuations, we have visited this situation as BLU shareholders a ridiculous amount of times.
lets get the 2 assets, dynasty and satoshipay, valued and sold
the crock of sh5t that is guild should have been sold many months ago at between 1p and 2p and possibly as high as 5p,
Managed to sell out early. Lost a load of cash. All gone. Four Investments....all gone. No cash left. Will the remaining holdings do better? Maybe. Its a real gamble. This stock does what it does best...lose money and disappoint.
Those results frankly arent of much interest to me. I bought in here to have a way of investing in Satoshi and Dynasty, and as far as I can tell, they are going great guns.
Think they are fishing for an up to date valuation more than wanting to sell I expect.
The Board will be looking to start either a full or partial sale of its 27.9% interest in SatoshiPay within 12 months. As already suggested below, this could be a test the market exercise which may not lead to a sale of any % of the holding. We are expecting big things from Pendulum and everything around it in the next 6-9 months, we could see a large increase in its valuation. However if Pendulum is proven and it in some way de risks the success of DT Transfer (can it, will it? please advise) we think the value of DT Transfer success will dwarf that of Pendulum? If BLU need working capital within 12 months I hope it can be satisfied by the realisation of other assets without selling any of SatoshiPay if it projects are successful.
I think and of course it's purely an I think as nobody can ever be sure where anything is heading but this morning a million blu for 2k is a gift
I agree. i added 1.3M at 0.1938p earlier and might buy some more later.
It would appear to be a great top up opportunity that has presented itself this morning
I could be way off the mark here, but could it not just be to see what the valuation of SatoshiPay could be worth down the line ?
I don't think they need to raise funds any time soon. They specifically say they don't intend to do it plus they've recently raised money from selling part of the Guild holding. That gives them more than enough cash to stay afloat with the reduced cost base. It would be a big loss of credibility for TF to go back on what he just wrote in his Chairman's Statement.
Likely a small placing will be needed after the AGM. Don't see them selling Guild at this price. I think we will have an opportunity to load up at 0.15p. GL.
Firstly, great to have such a detailed analysis of all the investments held.
Secondly, BLU is dropping today but is still being valued on a 2021 Dynasty fund raise and a 2019 Satoshi fund raise. Assuming there has been progress in these two companies since then (which there has) i see this as a huge buying opportunity at anything below 0.22p.
Hmmm. See this slowly drifting lower until pendulum launches, and then we'll see what happens!
shame we cant do the same as below with the chumps at Dynasty.
Blue Star currently has a 27.9% interest in SatoshiPay's share capital, which is valued on the basis of the last external fund raise in 2019 at approximately £4.72 million. It has been the Board's view for some time that the valuation of SatoshiPay may have increased significantly since the last fund raise in 2019. In order to assess the market value of SatoshiPay the Board of Blue Star is looking to carry out a formal sales process at an appropriate time in the next twelve months which may lead to the sale of all or part of its shareholding in SatoshiPay. There is no guarantee that this exercise will result in a whole or partial sale but the Board believes it's important to undertake such a process so as to obtain a better understanding of SatoshiPay's current and potential value.
https://twitter.com/pendulum_chain/status/1632735432034099202?s=46&t=AZ0ZYcMCZUEMZ0mbPxMC3w
Great to get another chance to buy more of these at these prices before substantial news arrives.Didn't think we'd see low 20's again but hey ho,opportunity knocks.
Think u mean 0.02
Another 0.2 drop im back in !
I'll have a Blue Monday
Blue Monday
2 oz. vodka, ¼ oz triple sec, ¼ oz. blue curaçao
Cheers
To be honest a strong finish to the day as we were -8% when I posted so will take -2% : )
More to come during March as the Pendulum road map continues to progress.
Curacao ****tails all round on Gazzleberry when we hit 1p
GLA
No :(
Could wee see a Blue finish : )
Yes 0.225 is cheap as inexpensive fried potatos