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Up 13% + may it continue
The markets verdict is positive. Currently Up 13.5% at 0.105 on volume of 12 million.
Taken from the accounts:
Satoshipay Ltd is the ultimate controlling party of Pendulum Development Ltd, registered in Saint Lucia (!), by virtue of its ownership of 100% of the issued share capital in the company.
As of 01 November 2022 Pendulum Development Ltd transferred all their rights, duties, liabilities and obligations to Pendulum Development Inc, a company registered in the British Virgin Islands (!!) and 100% controlled by the independent Pendulum Development Foundation, registered in Panama (!!!)
They have clearly had some financial advice from a high net worth individual so that they can pay as smaller tax bill as they can get away with. Its a shame though because right now with their nil front end result it looks like their vapourware development is merely a front and all they are doing is shuffling money around behind the scenes.
So when the revenue comes - it looks like they have the infrastructure set up ready to lets say, efficiently deal with income streams. However, I have a hunch that someone, somewhere, is having their pockets lined through all of this - and its not us private investors thats for sure!
If only they put this much effort into completing their roadmap ... & yes I've seen pendulums version 300 updated, rehashed roadmap.
I have no words
You're hilarious Gaz 🤣 Delve deeper into a 7 page doc, with 3.5 pages of relevance 🤣🤣🤣🤣.
Bixby's (Phoenix Digital Assets) has just been on Bloomberg tv. Came across very well. The Spot etf gets approved and all boats rise. Maybe even here.
Apologies Pablo - i misunderstood your post.
I'm aware they were sold, that's my point.
They were sold at a fifth of today's share price, or a tenth of current NAV.. because we needed fuel for the SatoshiPay cash bonfire
Seems like a valid topic to raise here, not sure why it would be moderated
Pablo - from Final results :
NFT Investments plc
The Company held 5,750,000 shares in NFT Investments plc which at the period end were valued at approximately
GBP57,000 and, as part of the Company's strategy of selling non-core investments, these were sold on 14 November 2022.
Has an NFT conversation been "moderated"? I'm sure there was one here earlier that disappeared? I hope not, as it's a valid conversation
As of March 2022, Blu held 0.9% of NFT based on a £250k investment
At today's share price, that would be worth £257k, or almost £500 based on NAV.
It could've been Blu's best performing asset, but was sold, for peanuts to chase rainbows and go unicorn hunting with SatoshiPay
Despite arrogant dismissal of it being "P&D", it's an investment company with crypto assets that have increased in value, unlike the absolute nonsense we kept hold of
UK Accounts are available now.
https://find-and-update.company-information.service.gov.uk/company/09366948/filing-history
@gazzle
thanks, should make interesting reading
@ragnarr
excellent retort
lets hope half a billion (in some currency at least ) applies to Satoshipay one day, if ever there was a Year for them to "achieve" it is this one
I see NFT Investments have gone with a name change today to Phoenix Digital Assets. Can see it getting more eyeballs on it now. Perhaps we should do the same here. Our moniker sounds boring as $%*&. It doesn't tell any investor what we are about!
Half yearly report stated just under 12 mil left in guild, but that was quite a few months ago now so they may have sold the rest by now or still hold the same amount..
I was looking at previous RNS concerning Guild, unless i missed one i think Blu still own 22 million shares in Guild.
Blu - I only like to work in half billions :-)
@ragnarr
its not binary , its not EITHER $25m OR $500m, there is middle ground .... ;)
i think poor old @slug would struggle to see potential in the playboy mansion at present. ;)
markets are forward looking, as an investor/trader it pays to be the same way.
after all this time, i am happy to be involved, i was not always
if one is capable of forward thought , its easy to spot potential here,
however, in a nutshell and to be blunt;
there is an IF applicable to EVERY traded asset on any market worldwide.
a market is a two way function, you either see value / potential or do not...
if you do ..BUY
if not ... do not..
if (big big if) Nabla and Pendulum gain traction, then you will not purchase assets such as BLU and $PEN at current prices. such is the game of speculation.
atb
blu
Https://moonbeam.network/announcements/moonbeam-xcm-integrations-composable-pendulum-polkadex/?utm_source=blog&utm_medium=social+media&utm_campaign=3+new+xcm+integrations
This also reminded me that PEN will soon also be on Polkdex exchange.
I just wanted to add to slugs comments because at current levels he is correct. The market cap of PEN is currently about $25m so the added valuation to Satoshipay is negligible. But Pendulum and the upcoming Nabla are very early projects not even fully live yet and in the crypto ecosystem a $25m mcap token is a tiddler and it is not unusual for that tiddler to grow into a $500k or $1B or more if successful - BIG BIG BIG CAVEAT HERE - IF SUCCESSFUL !
More mature L1s on Polkadot like moonbeam, Centifuge or Aleph zero are currently around $500M and were more than twice that at the height of the last bull market.
So if (big big if) Nabla and Pendulum gain traction add more L2 interest and become successful it is easily within reach of each having a $1B Mcap or more - if that were the case then the added valuation to satoshipay would be $100m plus what the actual business is worth - For balance the other side to that is lack of success and then both PEN and AMBR tokens are worth jack sh..
That partnership with SKY seems to be quite something for guild
i believe BLU no longer hold GUILD
No worries bb, ~Guild seems to be stronger too! Be lucky
@djohn
many thanks.
should prove thought provoking for both BLU and $PEN .
one does wonder WHY not sooner with the DEX ?
however, its done now , its working, lets see where $PEN and BLU end up at end of Q1.
Superb djohntrade :)
Let’s not hang our hat on thinking that just because PEN goes up, BLU goes up
Take May 2023 charts of both for an example, PEN rocketed, BLU went down (this actually happened - check the proof before trying to accost/blame me for it)
Counting chickens before they’ve hatched springs to mind
Satoshipay are hugely in debt to Tony F after H2 of last year
My realistic expectation would be nothing less than a landslide of completed tasks from them this opening week