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Not sure why todays RNS hasn't appered on here (as yet)
https://www.londonstockexchange.com/news-article/BLU/googly-partnership-with-the-cpl-cricket-league/16075807
If the IPO happens, it won’t be this year. If Virgin goes public in the winter and the process is positive, that would be a good signal. They were few months too late in 2022, and would guess the business value increased in the last year (although multiples are lower so I’d stick to a usd100m plausible valuation). But it’s a guess. Baxby is chairman for one reason only anyway, to ipo or sell
I thought Nabla was the new 0xAmber
Comparing the websites, there are no matching staff names between the Nabla and Satoshipay website
I wonder what happened to Dtransfers 11 business clients they had signed up (mentioned within 15/12/2020 RNS)
Perhaps at the time Meinhard was too busy eating computer chips to even have a clue what was going on
@slug
multiply that by a million and we'll take it ;)
I’m not saying google are right, it’s just another red flag with this ailing company
Apparently spacewalk and nabla launch this month but it’s all incredibly concerning
Who will buy this crock of **** from BLU
I’ve got about £7.52 in my pocket so I might make a bid with that
I wouldn't trust what Google says Slug. I went to a resturant yesterday that Google said was closed.
According the the DTransfer website they are running just fine. They even have job vacancies advertised. They just appear to have been merged in to the entire Pendulum business.
I am of the same opinion.
It is my belief that Dtransfer makes a reappearance in a different guise under Nabla.
Nabla launch this month?
Have dtransfer gone bust?
A simple google search says they are closed
They’ve not posted on Twitter since June 2022
Every day that passes this unravels itself as an absolute mess
I thought dtransfer needed pendulum to operate
Google says closed
Dont think its anyones focus now Slug, all that matters in the next 2 months is that we get a partial or full sale of Satoshipay.
to my mind Satoshipay remain profitable, as they have been for past couple of years, anyone in doubt ask TF.
Satoshipay valuation/ sale nails the BLU price, then in (hopefully) short order, we get news of Dynasty IPO/SALE / takeover by Microsoft ; ) etc...
lets hope TF has everything ready to go, we don't really want anything else, delays or otherwise, adding to the 2023 sh5tfest...
Any idea what Satoshipays current monthly cash burn is ?
I estimate it’s got to be close to €100,000 a month
17 staff on their website… let’s say average salary €40,000 per person = €680,000
Divided by 12 = €56,666
Plus business overheads on top
@london
most interesting, thanks for sharing.
more to the googly than meets the eye, if you'll pardon the pun. cricket is a "religion" in india, thus if you cant make cabbage out of betting or gaming out there, then business is not your thing.
interesting to see corporate structure taking form anyway.
i'd still like Dynasty to offer terms of IPO in H2 '23, we then get valuations of both investees, such that market can make its own assessment, we then finish multiples higher than this ridiculous situation we BLU shareholders find ourselves in , AGAIN !!!
an absolutge sh5tfest of a Year after what promised so much, thus far !
@ragnarr
very interesting, paypal have to innovate, would they like to make a bid for Satoshipay/Nabla/Pendulum ?
keep welcome back btw.
blu
Superb find LNW.
It's a great competition to be associated with.
It seems Lodge became Googly ceo
https://www.cricketworld.com/googly-cpl-launch-ecpl-with-25-000-prize-pool/88769.htm
0.117 bottom.....about to end...imo
I also took a few million this week and will continue to accumulate when opportunities arise!
Yet another week down the swanny
Gazzleberry - ‘who cares’ - thats exactly what my wife says :-) well done on XRP by the way.
I am still here for what its worth, but havnt posted much recently as there really isnt much to say and I am now concentrating on crypto rather than equities, with BLU being one of only 2 long term holdings. For the record I havnt sold any (actually bought a few more recently)
In previous post Nelson nailed Satoshipay on the head saying we have to wait for the next bull run and I concur with that - most likely 2024/25. Pretty well most Alts are well down over the last 6 months ranging from 20-60% down so PEN is actually holding up ok and I am accumulating on drops below 0.07, with a current average now of about 0.85.
Obviously disappointing SP at present but right or wrong, i’m still confident.
@london
how many Years have you held BLU stock... ;)
@ Dave very likely indeed
@ blu in the HY he said they hired for SatoshiPay valuation. Nothing on Dynasty. And I guess that’s because D it’s either IPO in 2024 (likely if ipo market allows) or for another round of funding, so the valuation will be automatically provided then.
So I’m expecting only SPay news on that front this year
The next company update will more than likely just be a copy and paste of the last 5 years.
We need valuations.
@london
we were advised valuations by end of Year, i for one would like to see that happen.
Inflection points:
Q4 2023 - Spay valuation update
H1 2024 - Dynasty IPO update
that’s the timeframe I think. And there’s (just) enough cash to get there. Next company update due in a month I think anyway