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fair pint ragnarr and of course i know and understand your point here.
i like to see companies and people deliver on what they say, however, in business in particular things change, war, pandemic, market conditions , acquisitions etc
however if the IPO landscape has changed then Dynasty really should have reflected that to their investee Blue Star Capital with subsequent details from Blue Star to its shareholders.
this is the problem with offering business musings in a podcast.
lets see what happens next and when, i'd be very disappointed not to hear more from Dynasty before end Q2.
its IPO or sale, the question is which and when ?
Pendulum seems to be moving apace, we just need any facet now that will provide the market withy a justified current valuation of Satoshipay / Pendulum , BLU can then move to a more reasonable share price and market cap, where we are now is ridiculous.
Blue - that indeed what was stated at the time but I feel the recent RNS language has superseded that aim - I could be wrong, but it just seems that the recent deals will increase any valuation (IPO or sale) but they need a bit of time to implement and monetise. Medium/long term it can only be really good but could leave a short term haitus. Just Imo
b. Correct, they would IPO if talks regarding other options did not succeed.
we were advised in the podcast featuring matt lodge and derek lew in Q3/Q4 2021 that Dynasty would look to IPO Q2 2022
i do not have a link to the podcast to hand ragnarr, however i am sure someone can post the link.
My comment about news on a deal with Big Tech by the end of Q2 was based on their statement a year ago about an IPO in Q2 2022. I have presumed that they have pursued the Big Tech possible deal as a better option but would want to stick to a similar timeline for financial reasons. Just my thoughts but clearly a lot of other factors may be causing delay since they set the Q2 target.
Personally Im not sure we will hear much this year re IPO or sale as they are basically changing their wholebusiness model and stated that this would be implemented over the next 12 months on existing as well as new clients so I think this will have to play out first.
From the RNS
Significantly, the new partnership agreements contain both fixed licence fees and managed services revenue share. While Dynasty's initial commercial model was based on collecting monthly licence fees over a minimum 24-month contract - a typical 'SaaS' model, moving forward, all agreements will see Dynasty supporting its partners with a genuine managed service solution. Dynasty will provide dedicated in-country resources, working exclusively with their partners in all areas of engagement and monetisation, to help fully maximise commercial outcomes. Under the new hybrid model, Dynasty enjoys a significant portion of all platform revenue generated, in addition to licence fees. The Company expects that revenue share will contribute more than 85% of its overall revenue mix within the next 12 months.
"we should have formal news on a sale to Big Tech or a large shareholding acquired before the end of Q2."
Based on what?
Or is that just an arbitrary date you've plucked out of thin air?
Just a reminder of what was said in the Dynasty update RNS on 7th April 2022 :
“ With regards to a potential listing, we remain open to all options but are not currently tied to any one specific direction or timeline. We are continuing ongoing discussions that would potentially provide a different outcome to an IPO. Our board and hardworking team will continue to act on the best interests of our shareholders."
Derek Lew, Chairman of Blue Star Capital said that: "I am thrilled to see the ongoing progress being made by Matt and his talented team at Dynasty. The securing of these agreements demonstrate the team are executing their strategy and reinforce our belief of the growth opportunities that lie ahead for Dynasty. From a Blue Star perspective, I am also particularly pleased that they have numerous options open in terms of how they continue to scale the business globally."
The most obvious reason for no IPO being announced in Q2 is that the talks with the Big Technology company are progressing well and there won’t be an IPO. We were told about those talks some months ago so hopefully we should have formal news on a sale to Big Tech or a large shareholding acquired before the end of Q2.
where we are back to now is a very important support level, thus something substantive required very soon to provide a catalyst for upward momentum !!
wtf is happening with Dynasty? IPO was stated as Q2 2022 and we've heard jack schmitt as of yet !!! would be good for the dynasty board to let us know whether they ipo or sell .... of course current market conditions maybe the deciding factor on the IPO front, raging inflation, interest rate environment and war may not be a background they wish to IPO in.
we shall see !!
lets hope for news next week as eD suggests
Muscles - Thats the plan but these things take time.
A couple of quite interesting developments ( well interesting for me anyway) Firstly anyone who has read my ramblings will know that for me the future of digital assets are stablecoins and CBDCs (central bank digital currencies) and Pendulum could/should/would be the bridge from digital assets to fiat.
With the recent turbulence in the market what I think is a (medium term) significant development is the state regulation of Stable coins as centralised regulation provides the crucial turning point in the mass adoption of digital assets.
Well yesterday the UK Govt confirmed their commitment to go ahead with stablecoin regulation
https://news.bitcoin.com/uk-affirms-commitment-to-regulate-stablecoins-following-terra-meltdown/
And Ashley Alder, chair of the International Organization of Securities Commissions (IOSCO) announced that A global body for regulating Digital assets is likely to be set up next year
https://www.euronews.com/next/2022/05/13/global-crypto-regulation-body-likely-in-next-year-as-covid-19-climate-and-crypto-top-conce
and finally Heath Behncke, managing director of Holon Global Investments seems to agree with my view, recently commenting - The meltdown of the terra stablecoin last week should force policymakers to create safer ways to move fiat currency into digital assets, a leading local investor in technology powering cryptocurrencies -
Welcome to Pendulum (my words)
https://www.afr.com/companies/financial-services/crypto-investor-calls-for-central-banks-to-protect-stablecoin-reserves-20220516-p5alqa
Feel like the interest here has evaporated, not even looked at it for a while. Still in profit here (just) but had expected more of advance of progress, difficult times I suppose.
Ragnar - Thanks for the information mate :-) Always appreciate your input on these matters. Keep safe and well mate.
Fabio Panetta, Member of the Executive Board of the ECB, made a keynote speech at the National College of Ireland regarding digital currency. The digital Euro is coming.
Finally, at the end of 2023 we could decide to start a realisation phase to develop and test the appropriate technical solutions and business arrangements necessary to provide a digital euro," Panetta said. "This phase could take three years."
https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220516~454821f0e3.en.html
Dark - thanks -yes there are quite a lot of articles currently regarding Stablecoins and crypto in general mainly due to two things - the current crypto bear market ( no different from the current bear share market) and the spectacular fall of the Tera Luna which dropped a staggering 99% in 48 hours a because it was pegged to its own Stablecoin (Terra USD) it cause that to drop below the 1 dollar peg - which shoudnt happen.
What actually happened is is very complicated, but it is safe to say that the Terrform labs blockchain has had plenty of warnings from plenty of anylists over the whole project as it was quite a unique idea to create an algorithmic stablecoin where LUNA crypto currency could be burnt in order to ‘mint’ UST to stabilize it whenever it loses its 1:1 peg to the dollar, and vice versa. Without going into the technicalities this is different from how other stablecoins work - In theory the idea could/should work but at best the project was experimental and has clearly failed. There are many commentators out there calling CEO Do Kwon a charleton, stating the technology was just a re-working of other ideas with known issues and in fact it turns out he had a previously failed Korean crypto years back. Either way it doesnt help the general perception of the digital currency market. In fact Pendulum tweeted last week:
Shaky market conditions like these can give birth to huge opportunities.
With crypto volatility going wild, #fiat is a safe haven right now.
We'll be home to many fiat-focused #dApps to earn lucrative yields with the highest security standards in mind.
Ragnar - I’ve copied the link directly from the web it’s talking about stablecoins, crypto, defi ect….. I haven’t read it all but it’s very interesting and will impact our interest for blu in my opinion but then I’m not as knowledgeable as you are in this area, I’m still learning.
https://www.barrons.com/amp/articles/stablecoins-crypto-crash-tether-usdc-terra-luna-bitcoin-51652298703
Enjoy the read mate.
DarkHero - cant read that article as needs subscription - I assume it refers to Terra Luna token ?
Maybe you should read this link before you say stable coins are the future! May actually not be so stable after all :-)
https://apple.news/AFEn3D2vpQBmcxGJUx3Ojwg
thanks ICB and ragannar - which actually makes this probably one of the best investments atm ?
ICB - A very important point well reiterated :-))
I appreciate that most people are aware of this but I think it is worth making the point that Satoshipay/Dtransfer/Pendulum’s use of blockchain is in no way affected by the volatility of Crypto currencies. In fact they are setting up a stablecoin precisely because the volatility of Crypto’s such as Bitcoin make them totally unsuitable for foreign currency exchange using blockchain. Satoshipay gave up using Bitcoin many years ago. The upside for BLU remains very strong and there is no cause for panic on days when global markets are red.