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‘unsubstantiated speculation’
I call nonsense
Let’s not forget that q4 roadmap you’ve just seen was already a rehashed one due to everything they missed from their q3 roadmap and they still haven’t hit a thing
I have every confidence blubutton that you are able to make Satoshipay run the gauntlet and have them actually do something, but you are doing Tony’s job for him
he’s been MIA for over 6 months
Bullish talk on a bulletin board means nada
We are in a results driven environment - of which we have nada
It’s around that time of year again when we will get the posts saying
‘oh next year will be different’
‘This is the year investees deliver!’
Whereas I’m sat here thinking…
yet another year down the Swanee by Satoshipay
@slug
i think you could fall into a container of cherries and come out clutching a turd. ;)
you seem to be a glass half empty guy, maybe Satoshipay and Blue Star have destroyed what little optimism you had left but whichever way we look at things Blue Star assets are worth more than £5m from both Spot and forward valuation.
i would agree entirely on the roadmap, no one and i do mean no one has given them a harder time than I, however as shareholders and indirect at that, we can only do so much and whilst slippage is a part of the project cycle, Pendulum have had their share of delays, on the plus side, the project is virtually complete and with the launch of Nabla and Spacewalk on pendulum, they can finally get on with the important part.
Slug - You make a fair point re roadmap - certainly behind on the schedule.
We will see ragnarr
But their evidenced performance to date suggests that they will kick the can down the road at every single oppprtunity
May I direct you to their website
https://pendulumchain.org/
Scroll down to the roadmap & have a look for yourself to see how much of it they’ve completed this quarter
Slug - nothing like a bit of unsubstantiated speculation heh :-)
Looks like they are looking for a good day to bury bad news
Its a fair point Gazzle
TF is the guy to query on this.
would TF begin a sales process/valuation on a company, spending funds on Benchmark if he knew there was an issue with accounts , which would be found at due diligence stage?
have a chat with TF, we should be hearing from Dynasty soon anyway with regards merger and Indian market position.
we al expect Satoshipay to be front and centre in '24 , Nabla FX , Spacewalk on Pendulum with the ensuing bull market.
do let us know the answer you get from TF
atb
blu
Reading these replies it is still very confusing and like i say anyone thinking of buying would be put right off, i know i wont be buying no more until this is clarified. They need to get this sorted and fast, it is run like a two bob market stall.
Indeed Gazzle
suspect Satoshipay Gmbh may be the place to look for THE accounts.
Correct Gazzelbery.
its the UK subsidiary , its an admin oversight, but in the grand scheme of things, means jack schmitt.
What kind of confidence does this fiasco give anyone to buy here, i have been worried about this accounts saga for a while, makes you wonder what the heck they are playing at.
Correct 999
It would not surprise me one bit if the deadline is extended
Am i right in thinking Satoshipay accounts have to be in this week.
@bobsson
"BLU will be the subject of a takeover bid, hopefully battle, from a large financial institution (eg Morgan Stanley) looking for a large stake in Spay prior to its IPO."
a few leaps of faith there ;) , i sincerely hope you are prov en correct..
Firstly both of BLU`s investment companies need to show real commercial progress in 2024. Dynasty`s new business model has to show a big increase in the growth of its market, increase market share and profits. Satoshipay needs to ensure its much delayed development timetable is fully met with 100% success at each stage.
The greater value for BLU is Satoshipay for me, the sky is the limit. The expected 2024 crypto bull run will bring Spay into focus and it could be an excellent year for BLU.
Blue Star will sell its stakes in both Dynasty and Satoshipay when the price is right, and distribute to shareholders via a special dividend or BLU will be the subject of a takeover bid, hopefully battle, from a large financial institution (eg Morgan Stanley) looking for a large stake in Spay prior to its IPO.
Having been through the last 3 crypto cycles, seen ICO’s, NFT’s, ordinals come and go, and the majority of the firms with valuations in the billions are generating revenue i.e. exchanges and ancillary blockchain companies.
Do those long term holders seen their exit here, at multiples of the current share price down to;
Rising tide lifting all boats?
The sale and crystallisation of profits on investments?
A regular Revenue stream and potential future dividend?
Merry Xmas all - Hope you all have lovely Xmas xx
We now need to await terms of merger and wait form them to advise of how large the market is and what percentage they have as a merged entity.
Did a bit of info re Dynasty/Googly.
When Googly launched earlier this year it was headed up by Shubhodip Pal CEO of Googly Media PTE Ltd
https://www.linkedin.com/in/shubhodip-pal-053b04/?originalSubdomain=in
https://www.companies.sg/business/202133049E/GOOGLY-MEDIA-HOLDINGS-PTE-LTD-
However looking at the GOOGLY privacy policy it appears the company is now registered as Topspin Technologies Private Limited
https://platform.googly.gg/privacy-policy
And looking up the details of Topspin Technologies - it was incorporated in July this year there are three Directors :
Kiran Sharma
Devottam Segupta
and……. Matthew Lodge (Dynasty co-founder)
https://www.thecompanycheck.com/company/topspin-technologies-private-limited/U62099DL2023PTC417263
Looks to me like the possible merger is more of a done deal
To be honest, i don't see the relevance of $ or £ ...... the focus is on the valuation not the currency
Pendulum need to deliver, they are beginning to do so
Dynasty need to deliver, we are aware that India is THE prime market for esports and growth, so we need to know figures and deals associated with the merger.
There is no obligation to sell Satoshipay as part of the valuation/sales exercise, it is merely to flush out a valuation.
the merger detail will provide a "snapshot" valuation of Dynasty
if both of the above start to deliver then 0.3 - 0.5 is achievable, this is where TF warrants are exercisable thus gives an idea as to his perception of value.
I hear you on the market cap, and valuation do look high in pound sterling for where the projects are in development. Would the market cap still look as high from an American dollar view ?.
I do know the answer. Just throwing the question out there.
You have to think market cap davetk
0.4 , gets BLU to £20m mkt cap.
value of Satoshipay = £m ?
value of Dynasty = £m ?
Satoshipay would have to be valued at £45m for BLU to get £15m
Dynasty, no idea what they are worth as we have not seen the merger terms and the scale of their disruption of Indian esports market
all of this can change very quickly, as mentioned earlier, if the FX side of things gains traction then the price could be substantially higher, sentiment , market conditions (which will be highly favourable for RISK ON, falling inflation and interest rates) and what is achieved , will all prove major factors.
i would like to think that next year will provide conditions where BLU investees can finally achieve what they should have achieved many Years ago.
Blu, PPC,
My sarcasm has been a bit dry over the last few days and hard to pick up over a message board.
Was hoping for 1p a few years back but defo can't see it.
If all we hope for around Q2 is .20 then this a joke.
I will be in all honestly gutted if this cannot reach the high's of around mid .40s by Q2.
Lets see anyway.
Thanks
@DaveTK
i like your optimism, but you will be mightily disappointed. ;)
i honestly dont see a market cap of £50m , nothing that says it cant happen though, FX is a large market , good traction , usage, of Nabla and Pendulum in general sees that mkt cap eclipsed.
but far too many let downs with Blue Star and Pendulum, so getting to 0.3 - 0.5 , strangely where TF warrants are would represent a reasonable return from here.
ill be happy to move from 0.2 to next target 0.3.in Q2, i suspect aided by a Satoshipay valuation.
1p plus is fantasy imo, that’s 10 times the current SP, based on historical progress it is just not logical!