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Spot On Gazzleberry.
Duke the reason the share is on the floor is due to zero communication from the board.
There has been plenty of opportunity's to update us on numerous investments, but we never hear a peep.
They don't give a toss about Blue star and it's shareholders, only themselves and their own pockets.
Still to be proved otherwise.
Thanks
Unfortunately we have had a bit of a perfect storm here over the past couple of months, apart form war, covid, the world economy in general and the bear equity market, we are currently inextricably linked to the Crypto as well. We have then had Dynasty putting off its IPO, which in this market is actually probably a good thing, and no further information regarding any possible buy out, and all other investments are either down or insignificant.
But nothing has changed, in fact I believe the main investments are in better shape than ever. AS IC888 has mentioned GUILD looks to have turned the corner, Dynasty has clearly altered its business model and grown exponentially, and is now in a period of consolidating and monetising that growth to maximise an IPO or buy-out. And of course we have ,for me at least, what is the jewel in the crown - Satoshipay and its subsidiaries. I dont believe the market fully understands what is coming here and whilst it is in the current development stage isnt prepared to put a value on it, and in reality how can it. But in the coming years as Web3, digital assets, crypto, CBDCs become mainstream, Satoshipay could be in the centre of it - if they get it right or course.
ALL IMO.
While we await news from Dynasty and Satoshipay we can at least watch our listed investment GILD follow yesterdays rise with another 10.7% this morning on no news. It’s got along way to go to get back to its IPO price of 8p but at least it is moving in the right direction. BLU’s break even point is much lower than 8p possibly around 5p so it would be good to get back there as we can easily sell a listed investment if we wanted to raise so cash in the future.
The trouble is bluebutton the share price wont rise on the back of anyone on here doing they're great research. It has to come from blue themselves. As I keep saying the board are still peed off with us shareholders voting against there last funding attempt. The SP is neither good for them or us but unfortunately for us its upto the board to deliver the news and we aren't getting any,So we suffer and so do they,Now we could compromise with them, say we said you can have your funding but the sp must reach .8p first.However there will be a downside if there's a shed more shares hitting the market I think we would probably need to consolidate them at some point.The plus side is we would all have what we want.Lets see what happens.
Swerve
the RNS 's have to start landing, we are struggling until they do, as is evidenced by the current share price.
we need Dynasty to provide , in great detail, what is happening one way or the other, disappointing that they have not met their Q2 target, and whilst understandable (War, market volatility, bear market) , even more disappointing that they have not kept us apprised, the podcast seemed so definitive and upbeat in November, then the comms went out, again understandable if NDA's and in takeover talks, but we should know all the same , especially within 6 months.
as for Satoshipay/Pendulum / Amplitude ( how many more names are we going to have ;) )
looks exciting now, watch ragnarr's posts for the definitive low down on this !!!
value looks to be growing daily, but again, Del Boy Lew should be releasing RNS for every timeline achievement, such that the market and shareholders are kept apprised of where we are along the timeline , as i have stated before all of the timeline achievements, to my mind, are price sensitive as they unquestionably add value to Pendulum - satoshipay -Blue star
next several days should tell all, biut it would seem that pendulum/amplitude will disrupt defi/fiat in a much bigger and broader way than most suspected ( again read ragnarr's post on this)
as dukee stated, never really expected us to be back at 0.25 , we are, and until definitive RNS are released to the market, this is where we will stay !!
This is looking very good, better than I thought originally.
Had a small top up today, at these prices, why wouldn’t you?
Good luck all
Ouz
Also expect the Pendulum forex AMM whitepaper to be released any day now.
Cryptobot - yes but there is a big distinction here with the missing link to fiat probiding access to forex AMM and and fundamentally providing the backbone for Dtransfer and the cross border payments market. Both markets are huge and can be valued - in time :-)
you've identified the fundamental issue with most crypto projects in that post ragnarr
Thanks For that Ragnarr, hopefully the market begins to see the potential in pendulum and blu when/if we secure a para chain slot as this mcap is nuts!
Gutted I missed the .25 buy in price,Thats just my luck.I will wait and see how things go
Shifty - technically yes but its really more complicated than that. Amplitude will issue 200m AMPR tokens in total and will use approx 11% as crowdloan rewards. So technically depending on what the AMPR token then trades at provides a market cap. But its not that simple as the tokens left will have to be allocated for various uses for the life of the parachain to function such as Parachain bond funding, investor funding, liquidity programmes, developer programmes and some kind of treasury for future auctions to continue to be a Parachain etc.
I am sure in time there will be a reasonable way of valuation In all honesty I really don't quite know how until we see know the completed allocation as well as the uptake of Dapps etc.
Hope that makes sense
If there is a large sell order in the background, they clearly invested wrong in this stock.
A LTH wouldn't be offloading with what could be happening with Pendulum and someone who bought in the last few months will be losing money, but then again, we live in an odd world right now.
Thanks
Amplitude crowdloan explained (hope the link works)
https://cdn.discordapp.com/attachments/943888968901079080/989076840519987280/How_To_Crowdloan.mp4
gm @ragnarr - the bottom could be in, we never really know until it becomes obvious after the event.
I am a little sceptical about anyone using prior BTC cycles at this point. All previous cycles were in a QE environment and we have the exact opposite. The bull cycle didn't follow past cycles. It ended about at about half of what we could have reasonably expected. What changed was the Fed. And the Fed isn't done here. They are miles behind. I struggle to see how a high beta risk asset suddenly outperforms. Add in regulatory headwinds and I am happy sitting it out for a while. If I have missed it, I'll have to pay up later. The challenge will be separating a sharp bear market rally from a bullish reversal.
Polkadot Decoded: Pendulum’s viewing event
https://www.eventbrite.com/e/polkadot-decoded-pendulums-viewing-event-tickets-367588064797
Crytobot - I couldnt call it one way or tother but there are more and more bullish comments appearing
https://dailyhodl.com/
Analyst Says Bitcoin May Be Following Cycles of the Past With New Bull Market To Come – Here’s How
After this flush out
Bottom not in imo. No sense of capitulation and Alts holding up too well on this latest move lower. Expecting a difficult summer ahead and looking to scale back into BTC around the 14k area. Nice chart location there.
So depending on how many KSM get contributed at the amplitude auction can we work out a ball park figure for our satoshi stake or is it more complex than that?
Related crypto news - has bottom been hit.
Bitcoin Bottom Finally In? Trader Who Predicted May 2021 Crash Looks at the State of BTC
https://dailyhodl.com/2022/06/21/bitcoin-bottom-finally-in-trader-who-predicted-may-2021-crash-looks-at-the-state-of-btc/
Totally agree ICB888
Ridiculously undervalued so have managed to buy another 3 million over the past week. Shame I could have bought them cheaper earlier today but I think in the long run it won’t matter as at some point this baby will fly.
Just my opinion but have backed it up with hard earned so think I’m entitled.
Ragnarr, keep up the great work and keep the faith all.
Great stock, great board and looking forward to the next 6 months.
All the best
Ouz
Some decent buys at the close took BLU Up 5% to 0.265 on volume of 17 million. Let’s hope this trend continues as we await news which can’t be far away now. BLU is ridiculously cheap at its current sp.
Cheers Ouzo ... you too !