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Started: Keithbfk, 20 May 2024 17:12
Last post: Slugmum2000, 23 May 2024 20:22
It’s an incredibly dire situation for shareholders
We are heading on for yet another week down the swanee
Sadly , Blu is hollow on the inside
0 trades today
Slug, it will have to be some miracle for me to even break even at 91% down. I’d be happy to get out of here with 50% of my investment.
Evidence suggests just from looking at satoshipays various websites or even their LinkedIn pages that they have an abundance of staff members - all of which need paying every month
Secondly, you could see their companies house annual published losses - there is a trend of the loss figure increasing YoY for the past 5-6 or so years
You are indeed correct - Cycle flow have indeed invested in nabla - but the amount of different businesses Satoshipay has conjured up is beyond ridiculous - i think it was confirmed a while ago that pendulum were going to pay Satoshipay - or the other way round- talk about robbing Peter to pay Paul
It’s also for the purpose of swooning new investors (smoke and mirrors) with a new business name, as well as new concept to get them to part with their money
Cycleflow have kept nablas (satoshipays) lights on for a bit longer .
Let’s see if they are able to perform a miracle
No point selling for scraps now, I’ll go down with this ship after nearly 7 years
*agreed
Hi Slugmum,
Thank you - I see where you are getting your train of thought. However to my way of thinking the two comments are separate
1.They are still looking for more money
2.Burning through cash at the rate of knots.
Yes to 1 - greed from the RNS but point two is you inferring they are spending more - they may be going slower to remain within budgeted parameters. There is a difference between wanting to go faster and actually going faster.
In the last accounts didnt they have an element of income for SP - my assumption is they are trying to stay within that spend envelope.
This next point, shows my weakness of knowledge. I thought Cycleflow Capital were investing in Nabla - this is an AMM on Pendulum but I thought was a separate entity to Pendulum and therefore SatoshiPay. I know the whole PEN ecosystem is looking to Nabla but technically Cycleflow arent giving any capital to SP as I understand it. Happy to be corrected here - so apologies if i have this wrong.
Last post: Slugmum2000, 18 May 2024 04:28
No doubt when Satoshopay let BLU down for the next / final time, it will be time to take stock and question whether it is even worth BLU having a listing
Most of the esports companies investments have flatlined
Guild has lost circa 90% of its value in the last three years (David beckham fans - where is he now? Oh wait, he lined his pockets and got the f out of there)
Dynasty has did a ‘hero to zero’ on their valuation - too many vanity deals which in reality were evidently not really worth anything - pure bravado
They were our two best esports hopes
FinGo investment down the Swanee almost with £50k now being worth £13k (it’s almost a waste of time me typing about this)
Satoshipay will soon put the final nail in the coffin - the one slight glimmer of hope is that Nabla appear to have secured some funding from cycleflow capital (many thanks Ragnar) yet from where I’m sat it won’t take them for long for cycleflow to wise up and pick up on the fact that satoshipay are leeching from every single form of cash handout they can get their hands on. Perhaps they haven’t picked up on this with all the new nonsensical business names they’ve conjured up - all whilst claiming each one is compulsory for the companies survival, because they are solving problem x, or y, and so on
At 85%+ down I won’t bother selling for scraps
I might be 99% down come summertime and il be wishing I sold at an 85% loss
Satoshopay are 10 years old in December. I suspect the amount of money they’ve burnt through over that period is staggering. My educated guess is that it’s got to be over 30 million euros
Farcical
Surprise surprise…. Yet another week down the swanee
A quick look at their 2024 roadmap says it all
https://pendulumchain.org/
For info - Cycleflow Capital have recently invested in Nabla
https://cycleflow-capital.bullet.site/about-us/
Sorry - Never been in the business of predicting prices - early crypto projects like this can easily go stratospheric but can just as easily crash and burn. Now that Spacewalk is live (albeit still needing tweeks) and Nabla launching sometime in Q3 the next six months will give a better indication of gaining traction. The general Crypto market should see the next run upwards probably from around June/July so if PEN/NABLA is going to move it should Q3/4. From a personal point of view (as much as I like the project) if things havnt moved substantially by end of the year / early 2025 I will be moving out crypto in general as the top will have probably been hit.
All just my thoughts - no advice intended
I invested for the esports but will freely admit that is a long gone tenet for holding this share. However I do hold some optimism (albeit from a fairly uninformed side) as to the PENdulum prosects of success.
Just putting this out there -i suspect there are a few others in this frame of mind who may appreciate a post that isnt so negatively framed.
If I didnt have a whiff of hope I would sell and move on...
Started: Keithbfk, 1 May 2024 16:33
Last post: ragnarr, 4 May 2024 08:53
And Pendulum has been requested to connect to Astar network which means PEN will soon be enabled on Arthswap
https://astar.network/
https://app.arthswap.org/
Thank Ragnarr for your glimmer of light !!!
Just popped in to provide a little update although it looks like many have lost patience - cant blame them after the Dynasty debacle .
anyway - following on from the Q1 update (https://medium.com/pendulum-chain/pendulum-q1-2024-ecosystem-roundup-b6bb942fe3b0 ) - expecting nabla to announce Beta testing any day now and once completed Mainnet launch and NABLA TGE set for some time Q3 - there was a very small pre-sale event recently of $200k which was fully taken up.
Also Spacewalk bridge has been integrated into soroswap. finance (https://soroswap.finance/) which is a DEX on the Soroban smart contract platform (part of the stella network).
So all moving ahead nicely but probably far slower than many here would like :-0
Surely it’s not yet another week down the swanee is it?
Tony fabrizis self imposed deadline of these investees significantly increasing in value has been and gone
Some might say the September 2022 RNS pledging this has deceived investors somewhat
My opinion is that Tony has not been in the public eye (interviews, podcasts, etc) because he simply has nothing to shout from the rooftops about.
Incredibly disappointing on all fronts
I wonder if Teflon Torsten and Meinhard are on Tony’s Christmas card list
I originally invested here on the basis of value investing. The share price was much lower than the NAV. Since then the share price and the NAV has been decimated. From the last accounts NAV is currently believed to be 0.11p. Right now I would consider it to be a binary bet. I brought again recently to average down. I think if you accept that this is AIM and the likelihood of losing your money is much higher than a ftse share - entry at this level is fine. Must be aware though that the board are taking salaries in shares at the moment as is at least one supplier - which could be seen as both a positive and a negative. I do think it's interesting that an investment manager brought about 4% of the company at this level.
The world doesn't care that we would like results now. I see the successes of Bitcoin and it's wealth creation as an anomaly that doesn't happen for the majority. And for a share to bag even once is a very good thing.
Started: bobsson, 29 Apr 2024 10:18
Last post: Slugmum2000, 30 Apr 2024 18:13
Full well*
Clearly a typo
I don’t have a narrative
I know gul well that nothing I post on here will affect the share price
It’s down to company performance (or lack of in this case)
I also understand your narrative and I think you’ve probably lost too much and it’s unlikely to turn out well for you.
So what?
The inverse to that is some of the major holders have recently dumped hard here so it would appear they have not seen value
If all you can cling onto is the hope of someone else’s trade which does nothing but suit your narrative then best of luck to you
When are we going to get actual substantive news from Satoshipay ffs
SP is declining yes there is someone willing to put around £70k into this share very recently and it would appear still sees value at this level.
Started: lagmassive, 30 Apr 2024 14:12
Last post: Slugmum2000, 30 Apr 2024 16:54
It doesn’t necessarily mean that Satoshipay have retained that lofty valuation lagmassive
They carried out an audit late last year but nothing was published
If there was something to write home about , they would have done so
You are missing the trick here, the 4.1% holder is Head of Precious Metals Trading at Natixis an institution with a NET BANKING INCOME of €22.2bn and ranked among the world's largest asset managers. Clearly, Mark and any other big spender were in this for Dynasty. The real potential value has always been in SP/pendulum. At their last fund raise i think i recall SP value at 19million circa 2019. At these prices i'm a buyer
Started: Slugmum2000, 12 Apr 2024 08:42
Last post: Slugmum2000, 25 Apr 2024 07:13
Just look at pendulums 2024 roadmap 😂😂
We are nearly 4 months in to 2024 yet they haven’t highlighted a single thing as being complete
Their H2 2024 roadmap doesn’t look very ambitious either
We are heading towards yet another week down the swanee - but they don’t care, they are just turning up and clocking in to pick up their paycheck at the end of the month
There is no recent evidence to suggest that Tony f cares either
Emperors new clothes
When nabla?
Yet another week down the swanee
When nabla ffs
Yet another week down the swanee
Started: SlowRoll, 15 Apr 2024 14:17
Last post: DaveTK, 16 Apr 2024 09:19
Either way they've got 200 million share at ridiculously cheap rate.
Think he's from Natixis investment managers
Who is Christophe Sebakhi?
Started: Chester2, 8 Apr 2024 11:53
Last post: DaveTK, 8 Apr 2024 12:31
Great for you to get so many at that price. Maybe a sell order been filled in the background.
Yes 50M at 3.2 one ticket , weird it is not being reported ...
You get them all below .004p too? If so, very well done.
I bought 50 mill.
moon or dust now, i think moon
Started: blubutton, 4 Apr 2024 09:14
Last post: ragnarr, 6 Apr 2024 15:34
🔥major announcement🔥
firstly, here are a few important points we covered on our discord ama last week:
for info - nabla announcement on telegram
🤟here comes the big announcement 🤟
⚡️soon, we will start a private pre-sale of $nabla, an invite-only opportunity for select kols and defi angels. as an extra goodie for the $amber point holders, you are invited to join this round on the same terms.
⚡️to join the pre-sale, you need to mint a special soulbound nft(sbt) that we will drop on april 10th.
https://www.coinvise.co/nablafi/pre-sale
⚡️the pre-sale allocation per wallet will be a minimum of 1000 usdc and a maximum of 5000 usdc.
⚡️kyc will be required, and citizens/residents of the following countries are excluded from participating: afghanistan, american samoa, angola, armenia, azerbaijan, balkans, belarus, bosnia and herzegovina, botswana, burma (myanmar), burundi, cambodia, cameroon, central african republic, chad, crimea of ukraine, cuba, democratic people's republic of korea, democratic republic of the congo, eritrea, ethiopia, ghana, guam, guinea, guinea-bissau, haiti, iran, iraq, laos, lebanon, liberia, libya, madagascar, mali, mozambique, nicaragua, northern mariana islands, ****stan, puerto rico, republic of the congo, russia, somalia, south sudan, sri lanka, sudan, syrian arab republic, tajikistan, trinidad and tobago, turkmenistan, uganda, united states, uzbekistan, vanuatu, venezuela, virgin islands (u.s.), yemen, and zimbabwe.
⚡️since this is a private round, we can not share the details publicly (for legal reasons) and will share them only with the sbt holders interested in joining.
Nothing on Satoshipay twitter account since October 2022. You would think with all those staff they would have something to say.
https://twitter.com/SatoshiPay
Started: SandyBanks, 28 Mar 2024 08:38
Last post: Slugmum2000, 4 Apr 2024 14:03
Not calling anyone a moron (see original post to which i respond), or correcting their grammar, or saying you are right to be bullish or bearish. Just pointing out that there is no victory in losing your money.
If you're going to try and call people morons at least learn how to use an apostrophe correctly first.
Despite the pump today this hit an all time low yesterday, after someone dumped 46,000,000 shares at 0.0174p. Seems to me that far from being morons, those bearish on the stock have if anything been quite prescient.
Errrm...If you as a holder see us going to zero as a victory, versus the people who hold out hope (however slender) of this going up and recovering their money, then I would have to say that it seems you will be basking in a victory WITH the moron's and not against them.
If your goal or your victory is this going to zero, sell or short it - what kind of Victory sees you lose money and in your mind get one over on the others losing money.....a moronic one maybe? Still, of all the people who were wrong, you will have been the most right amongst them - fair play!??!
Nice to see you ragnarr, I wondered if you'd sold out. One or two posters no longer even have an account with LSE, so maybe they did sell out, as they only ever posted here when they did have one.
Hi Ragnarr,
Thanks for checking in - nice to hear from you. I agree the Dynasty news was a low blow but there you go. Hope the crypto space being kind to you - I have an allocation to crypto also - exciting times over there. Good luck!
AtB
NtD
Started: blubutton, 3 Apr 2024 18:41
Last post: blubutton, 3 Apr 2024 18:41
Two arrive together. pendulum and Nabla within a couple of weeks, after waiting full term.
why the feck couldn't they have got this sorted all those months ago. ?
project nearly complete, now to get adoption and traction ahead of the crapto boom.
BLU own 5% of NABLA tokens.
Started: johnboi1968, 2 Apr 2024 17:41
Last post: blubutton, 3 Apr 2024 12:24
@bridgedogg1 --- there is never a compelling reason to buy a special situation asset until it becomes obvious .
i tend to agree with ragnarr, pendulum , nabla will eventually prove good,Nabla --- very good......... it is the fault of Pendulum delays and Dynasty that Blue Star finds itself here. Dynasty i also believe will execute very well going forward , however it now needs to prove very good indeed for it to offer value to blue star, Dynasty really did cause problems and after all of the bluster from the chump that is matt lodge in 2021 , he had better have something to offer in coming months.
SP up on no news and NT for anything over 1k.. something happening?
There doesn’t seem to be any compelling reason to buy here
Just got my average in half
Started: 404x, 21 Mar 2024 09:47
Last post: HarryCaul, 27 Mar 2024 17:25
I suspect they've been Bed and spoused into the end of the Tax year.
A_E_Marsh - I guess the tiny buys at the end have kept the price up. 40% Spread.
508M sold
48(?)M bought.
Up 9 per cent!
Could be bedandisa. Especially possible as the doubled amounts are the same.
Wouldn't be surprised if he's got a broker to "hold" them for him, so he can buy them back in the new tax year. He's clearly had a good year with his other investments (eg ORR, SPSY, CSFS ) but he's taking a loss of about £400k on his BLU shares having bought at 0.10p
Strange that it dosnt seem to have any impact on thw bid or ask.
I have just asked the following in the telegram group, as I'm wondering the same. I will post the responses when I get one.
"Good to see this has lunched. At what point on the road map dose the project start achieving its end product goal? With it having usage case rather then just another listed cryptocurrency, And do things on the road map have to happen in a set order to get there?"
Replying to myself - this is the timeline of activity - which ones are needed to allow peeps to use this?
https://pendulumchain.org/
That is good to see. What flumoxes me currently , more than the timeline vagaries is which bits of the track need to be put in place so a train can run down them as intended.
Can people now use Pendulum for forex style moves or do we need dtransfer / others?
In other words, what else is needed for this to become a real usable thing filling a need? Anyone any ideas on the steps - i wouldnt ask for timeline unless you are feeling very mystic....
I belive they just have.
https://twitter.com/pendulum_chain/status/1773004292695150828
Spacewalk live on pendulum.
You would really hope that Satoshipay would want to achieve sign off of one or two of their 2024 stated targets by Easter. We are a quarter way through the year and still no progress against targets? Spay management have already indicated the roadmap list is not really time targeted, but merely guidelines which may be signed off a some point in the future.
Started: wadogara, 21 Mar 2024 11:30
Last post: BodRuncie, 26 Mar 2024 23:48
Duke sold out recently with a loss.
Nick is still listed as a major shareholder, no Tr1 from him, so I presume he's still holding?
Luckily i got out of this at .09
Wonder where big mouth is now to antagonise the "peasants"on here ?
Told u not to trust it
Think Duke may have lost a fair bit here
Thought Nick had sold out in the high .2's
Horrible turn of events here for holders. NAV of .11 so maybe a glimmer of hope if S/pay pulls through.
Started: SteamyWee, 20 Mar 2024 16:39
Last post: hobsy1, 21 Mar 2024 08:45
Sour grapes hobsy
However it’s not over just yet
I too, am clinging on to the one in a million chance that Nabla launches successfully
Perhaps 888 is right, IF Nabla launches successfully, it might be time to revisit the RTO which was attempted in 2018/2019 but failed
I don't intend to kick holders here while you're already down, I actually feel for anyone who's in this. The lack of tangible progress with the Satoshipay sale and today's grim RNS says it all. For the type of folk easily persuaded by rampers and not really understanding crypto, this could have cost people a lot of money if it wasn't for posters like Slug.
Appreciate the acknowledgement 404
Tony’s already talking about winding down the company so I sadly doubt Satoshipay have anything to offer
if you’re expecting a fairytale ending here… then you’re going to get a rude awakening
hobsy you are just jealous
we are all heavily in the red here - except for short term trading opportunities we’ve all lost
404x - Now it's "a sales process which may or may not lead to an offer".
It's always said that. 15th November 20230 "The Board wishes to stress that the process may or may not lead to an acceptable offer for the sale of part or all of its shareholding in SatoshiPay and Blue Star is under no obligation to accept any offers received."
In January they said about Satoshipay that feedback was "encouraging and the Company Is pleased with progress to date".
Now it's "a sales process which may or may not lead to an offer".
Seems a bit bleak and even the updated NAV now looks wildly optimistic. Credit to Slugmum2000 for seeing through the bs here, without those home truths this is just the kind of stock rampers would have otherwise had a field day with.
Started: 999slfclash, 4 Mar 2024 22:40
Last post: SlowRoll, 20 Mar 2024 10:14
Always appreciate your input Ragnarr. Do you think we are headed for extinction or a happy ending?
Satoshipay are profitable 999 but only by shuffling money around themselves. Robbing Peter to Pay paul if you will. Pendulum pay Satoshipay for something... I can't quite remember what. The money which is shuffled around is from their fund raise a year or two ago where they raised a few mil.
It is more investor money poured into the pot, not revenue and profits they have generated themselves.
Benchmark have been about as useful as Satoshipay and Dynasty put together.
There were other posters here say they've seen the investment memorandum and that it read well...
Unfortunately, it cant have read that well because there is no sign of any interest whatsoever.
Hot property, whether it be a house, car, tech... always sells quickly. Benchmark have had Satoshipay for at least 4 months (they had involvement well before the 15 nov 2023 RNS).
If we havent got a valuation for Satoshipay, do they even know what price they are asking? It's like the blind leading the blind here.
In summary: Blu have been left holding the baby... They are unable to pass it on themselves, so they've employed Benchmark to do it for them... and even they can't pass it on!
It isnt looking great here, like most i am a shed load down, I cant see it moving up anytime soon. I think i would settle for my investment back but sadly i have no belief that will happen. Looks like i have been hoodwinked by another AIM fantasy, talk is cheap and that is all they do at satoshipay, snail pace is fast for them. We still never found out if they are profitable, when that benchmark was done what did they actually achieve because we have not been told anything, is Satoshipay for sale or not, the market is telling us its worth. Death by slow strangulation is the only thing i am seeing.
Having revisited the Dynasty website, can’t say I’m overjoyed by their feedback on progress.
Started: TheBigHeroRises, 20 Mar 2024 09:28
Last post: TheBigHeroRises, 20 Mar 2024 09:28
What’s going on with the big holders here? Has duke sold out but nick still holding around 10% of the shares here?
Started: Bearsandbulls, 19 Mar 2024 13:15
Last post: Slugmum2000, 20 Mar 2024 07:44
Don’t tell me - we’re looking at yet another week down the swanee…
I’m not selling now
I’ll go down with this ship in a blaze of disappointment
Tony’s pledge to the market in September 2022 has 11 days left
He’s running out of road
You’re full of if’s but’s and maybe’s hobsy
Satoshipay holding their 2019 valuation?
If they were asset stripped for parts they’d have not much more than a few powerful computers along with a few desks and chairs
I’ve picked on you only a couple of times this year - hardly an obsession, so don’t flatter yourself.
The purpose of this board is to discuss the shortcomings of blue star capital and its investees
If you want to be taken seriously- and not as a moron- then work on your basic spelling. I think you mean 'lose' and 'losing'.
Although 'loose' change is certainly what will buy you a decent wedge of shares in BLU at today's price, sadly.
It’s a mess
Hobsy are you still going for your 2p in 12 months which you claimed in November 2023? It’s a stark contrast from what you’re saying today
It would probably be a good idea for the government to stop AIM trading in trading ISA's like it used to be, to many people are being shafted by AIM companies and are loosing their nest eggs, it can be life changing in both ways but most of the time people are taken to the cleaners, It is called the wild west for a reason. This company is disgrace, feeding positive RNS one after another and look where it is now, the rampers have run for the hills, no one wants any even at this price ,that speaks volumes for Satoshipay's value. Tony had a plan to value Satoshipay and Dynasty and get the money back to the shareholders, it has turned to this mess and still silence. Total shambles.
Started: aardvark, 18 Mar 2024 09:11
Last post: hobsy1, 19 Mar 2024 12:19
He probably guessed the bad news coming and was probably the big seller (presumably at a big loss) several weeks ago. Where will the bottom be? :(
Whatever happened to The Duke?
We are dying a slow and painful death here
Satoshipay just talking about tech and taking over the world, without anything business related whatsoever
Everything sounds great in theory, but theory without application and execution is not going to get them anywhere
Amen to that - had to learn it the hard way, repeatedly!!
GLAH
dave
they taking the **** worst share i own looking like gonna have the except its staying like this for awhile now not worth selling def not buying but that’s me
gla
Started: MH2021, 14 Mar 2024 08:41
Last post: SteamyWee, 15 Mar 2024 23:21
999 - 🙄 Do you ever read any RNS?
How does the directors pay in shares go then, are they getting so many share or shares equivalent of wages, if so they will be getting millions by this share price, that is if the lights are still on by September. I have not much hope here, kicking myself i never bailed when folk were selling off. The news must have been out when you look at it now.
Yeah it would average you down quite a bit.
Be tempted myself but I have loads and only bought a few million more not so long ago.
Never, ever thought we'd see this level, but here we are.
Yes, long way off now you'd think.
SatoshiPay was always my reason for investment here, but genuinely believed Dynasty could be worth a decent amount too after all the hype a while back.
Thanks
Well, it averaged me down a couple of points Dave and at £2K for 5M shares seemed a bargain. Was a shame to see the Dynasty valuation go down, but sometimes there is more to these things than meets the eye. It's all part of the journey. It just means we might have to stick this out a little longer. We will see.
I certainly won't be selling any until I'm at least at a break even point, depending on news and sentiment. Although, that seems a long way off right now.
Cheers!
Well steamy, We are non the wiser regarding SatoshiPay and whatever they're doing and Dynasty have merged so that's not the end of them.
I'd rather stick it out than sell at this level.
Nothing to really gain by selling now.
ATB
Started: NandL, 13 Mar 2024 07:13
Last post: Slugmum2000, 14 Mar 2024 02:46
Twitter post from pendulum a few days ago
7:31 am · 10 Mar 2024
“GM Pendulum Community ☕️ 🌅
Which projects do you think we should partner with? Let us know in the comments below!”
If they are having to ask this question publicly, then it demonstrates that they have absolutely no idea what they are doing.
Oh and zero comments - some community that is!
‘Tony was the architect of this and if you recall a few years ago we almost became Satoshipay by way of a proposed reverse takeover to use BLU’s listing. Perhaps we should dust off that plan!’
Never have I read as much nonsense in my life as this
1. Tony is not an ‘architect’, it was a ridiculous error of judgment which wasted nearly £200,000 of company funds. Of which they had to do a placing and shareholders were diluted… & so you know I’m not talking out my backside it’s on the RNS from 24/1/19… oh and that’s when we had only 1.9 billion shares in issue.
2. Suggesting revisiting RTO… What has changed with Satoshipay? They still aren’t making any money. They are just shuffling money around between companies to make it look as though they are profitable. I mean… Pendulum paying Satoshipay for tech development? come on ffs.
3. “Perhaps we should dust off that plan”…. Yeah great comment… my first question is…. Who’s paying for it?
The first thing any regulator with half a brain will be looking at is how the company makes money… so Satoshipay fall at the first hurdle - Satoshipay are not making meaningful money from their core business. you can forget crappy micropayments… micropayments is micro revenues.
All they doing is just burning through cash at the rate of knots and producing nothing in return. I don’t know how the set of clowns are still in business.
Perhaps they did obtain a valuation last year, but it wasn’t anywhere near their lofty, over inflated 2019 valuation. An ‘inventory’ was marked as completed in their 2023 roadmap. Considering they were valued at circa 20 million in 2019…. 20 mil… for what exactly? A few powerful computers and desks ? To me more like a couple hundred thousand euros tops… and that’s it … because the rest is the emperors new clothes - there’s nothing there!
This is absolutely last chance saloon
In before someone tells me to ‘be patient’… lol
Blimey, for me to get my money back on this, Satoshipay will need to do an Amazon!! Disappointed but not shocked by the situation, given the procrastination and lack of news.
Very sad 😢
This is gut-wrenching; a difficult time for many of us on this board. Stories of fellow investors who are 80% or 90% underwater with their holdings shine a light on the misery that we share.
Two things stand out for me.
Firstly, the absence of any guidance from Dynasty should have been a warning. Not only were they short on RNS news but they had no active profile on social media that could have given a hint on their plans/progress. Sadly, I feel the e-sports "industry" is not the unicorn it was once touted to be. The young and aspirational from India are now more likely to invest in Bitcoin than play e-sports methinks.
Secondly, there is no sign of TF putting his money where his mouth is and buying shares in the Company. And that is not good news. If he truly believed in the Company's potential he would be buying up in significant quantities today to show his true commitment. If there's no RNS later (regarding this) then I will view it as another nail in the coffin here. As Nick Slater has repeatedly said, you can tell a good company by the shareholding of existing directors (or words to that effect). And talking of Nick, he still owns >11% equity here so he's sitting on a very significant loss on his investment.
I'm going to let the dust settle and plan accordingly.
Let's see if TF buys any shares.
SatoshiPay ... it's over to you now
Started: ICB888, 13 Mar 2024 10:44
Last post: Slugmum2000, 13 Mar 2024 11:20
tomtomtrader
agree on tony’s buying of stock
he doesn’t seem ****d, very little interaction from him so far this year
no interviews, podcasts, anything
at least before he used to show his face every now and again on proactive investors, directors talk, etc
it’s like he’s given up with it
The thing is 888, you bought in years ago for Satoshipay - for their micropayments idea I can only presume - as that’s all they had. They have pivoted several times since then and changed their story
The only successes I see to date are as follows
Listing of pen
Winning bid on kusama
pen token raise
Surely you listened to that interview with allincrypto - would you agree to say it was all about tech and very little substance on actual business and how they are actually going to make money ?
There’s a reason why I keep saying they are promising jam tomorrow as their fanciful ambitions never seem to materialise
It was around 4 years ago when meinhard was saying they could be bigger than PayPal
It’s all about Satoshipay as it always was. I first bought into this years ago because I liked Satoshipay. Tony was the architect of this and if you recall a few years ago we almost became Satoshipay by way of a proposed reverse takeover to use BLU’s listing. Perhaps we should dust off that plan!
It’s very straightforward now and it hinges on what you think our share of Satoshipay will be worth. As of this morning our market cap is £2 million and Dynasty is worth £450000. Our share of Satoshipay is therefore being valued at circa £1.5 million. So if you think Satoshipay is worth more than £1.5 million you may consider buying at today’s price. I think most people who have stuck with BLU to this point believe Satoshipay is worth multiples of £1.5 million.
All jokes aside, it's a really horrible day for all shareholders.
We can all have our opinions, discussions and moans, but ultimately quite a lot on this board have been holding for a very long time and it's a tough one to take.
Personally for me i have a lot tied up in this so really hoping SatoshiPay pull a rabbit out the hat.
No real point in me selling now for an enormous loss.
ATB to everyone in what they choose to do.
Thanks
Last post: aardvark, 13 Mar 2024 08:21
Sorry for all shareholders here, it all rests on satoshipay now, which is the equivalent of depending on the seaworthiness of a sieve to get you across the Atlantic imo.