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Hello, I just wanted to see if Theeduke is still in this or posts? I haven't checked in for a while and went back until May to see if he has posted but can't see. If anyone can let me know that would be appreciated as I know he had quite a holding.
As mentioned before, I have no idea about spay value. I’m here for dynasty basically, which I think is worth 2x the mcap. Everything else is on top in my view so I’d be supporting Fabrizi to sell spay stake for 5m. Obviously, I’d be really happy to be wrong and spay being worth north of 5m
Be careful what you say on here LondonNorthWest…
Saying Satoshipay have made 0 revenues, you’re bound to have a Satoshipay fanboy come out of the woodwork splitting hairs to ‘correct’ you saying they’ve made a tenner revenue on micropayments
All I’m waiting for now is to see how badly they’ve miscalculated their venture into cornering the forex market.
My mind has changed - I hope Tony gets divested of this at a reasonable price within as shorter timeframe as reasonably possible
Lol, creating products that there's no demand for is certainly the SatoshiPay USP
Can't wait for the next inevitable pivot and the shameless ramper claiming "it's different this time", again
So even one of Satoshipays own software engineers put in Nov 22 that they keep launching unsuccessful products.
I wonder by how many country miles they’ve misjudged this forex market
They literally just go from one disaster to another…
For f*** sake
Spay has to be worth something. Not much, but something.
On Glassdoor, employees reviews are not great, mostly pointing at “lack of leadership” and “pivoting to different things all the times”. And it’s a company that has made 0 revenues . It’s maybe worth more that 5 years ago, but not much more?
If you're going to copy/paste from twitter, a link and/or context would be useful. The reel icon indicates it's a thread - the 15 subsequent posts held the "useful" information
tldr: it's the ssdd. Forex is a big market etc etc
The SatoshiPay approach to business is like someone creating a football team, because FIFA make £5bn per year, so if we achieve 1% of that, we'll be rich. It's tried and failed nonsense, again and again
$6.6 Trillion is traded daily- Forex is ripe for disruption. 🔥
Yet forex trading remains almost entirely off-chain.
Why is this and how can #DeFi improve #Forex? 🧵
Big news being the TR1 seller
Doesn't offend PAS.
Just wish we could somehow get a valuation from it all.
Obviously holders are fed up and aren't prepared to wait much longer.
Blocks of 5 million sold a year lows say everything.
Oh well, big news tomorrow or Friday.
:)
Blockchain is changing the way markets operate.
While digital-native assets such as Bitcoin and Ethereum have garnered the most attention in the past few years, the concept of tokenization will promote growth and inclusion in financial markets more broadly.
Migrating traditional assets to blockchain and wallet infrastructure has game-changing benefits, including reduced settlement costs and increased transaction security, speed, and transparency.
We have already seen advancements in tokenization use cases in the commodities, debt securities, equity securities, and real estate markets. As the tokenized asset market expands, it will enable these assets to be used in new and innovative ways, such as forex.
… sorry if it offends 😳….
https://pendulum-chain.medium.com/july-ecosystem-roundup-e3fad0af9d9
Well Hobsy1, that sell at .1166 is a year low, Ouch
5,000,000 at .1166 hahaha
Should just wait for the incoming big news!! Their loss.
Some more snapped up in the .12s today, thank you very much seller.
Thanks
Not being funny but how do you know good news is on the way this week
Very good Steamy.
Blow the share price right up.
Big = Good, right Dave? 🤞🤞🤞
Must be getting bad here, even Ragnarr is quiet.
Big news this week incoming.
Thanks
No LTH is happy with how this looks like turning out.
two things we should not forget
1...TF is not salaried, he came back to see the job finished after the disaster that was Del boy Lew, so fair play to him.
2.. BLU has enough cash and non core assets to see Spay sold and Dynasty to IPO etc.
its an asset play now, nothing more , nothing less .
anyone thinking Spay is still going to be a unicorn or a major player, should check themselves into rehab without delay.
shareholders should consider ourselves lucky if we get 0.2 for Spay = £10m as they have flattered to deceive every year of BLU investment.
so to Dynasty , this is where the market will move on the news we are ONCE AGAIN expecting from Dynasty.
will they IPO , will they sell , i dont give a rats a$$, as long as they do one or the other this Year.
approx 0.6 was the distribution phase for Blue Star back in Jan 22, with hindsight, LTH should have been out then.
ill be very happy to get 0.5, happy to get 0.4, disappointed but relieved to get 0.3.
its been a total sh5t show, the investment game sometimes leads down these roads, BLU had a lot of promise , delays and failure to launch (IPO) were the roadblocks.
Yep it’s ridiculous
If Satoshipay can’t deliver by the end of the year Tony F needs a plan b aka exit strategy
Monetise the other dribs and drabs where possible
If Tony can get 7.5mil for Satoshipay by the end of the year I reckon yes flog them.
The net proceeds would probably be our market cap
If Satoshipay don’t pull their finger out very soon, without any bail outs from Stellar it will be lights out for them
Didn’t they say they could be bigger than PayPal?
More like
All talk no trousers - & Mr Market is well aware and has priced accordingly
And the selling continues!
To make a market you usually need a buyer and a seller, all these sells and much fewer buys, who is sitting on all this excess stock. I would guess the MM's would rather be neutral on a stock like this so I cannot work it out? I would guess that a couple of the trades this morning were buys as they were just below the mid, but still a deficit of around 8m just today... Any thoughts???
@blu
Makes sense. Think they’ll do some sort of update in September so a couple of months to know where they are with Spay.
Googly is D’s partner in India, but is a very young company and wouldnt expect they make large revenues. That said I think the LPL deal has a real potential
@london
crypto (crypto related) valuations are highly subjective.
who would have suggested Bitcon would be "worth" $60,000, the emarket said it was, who are you or i to argue
same with satoshipay, if a company sees value in a buoyant market, they will pay for it, not sure the revenue matters at this stage, its about the IP.... the AMM , FX market angles ... would a financial institution purchase it all, to save reinventing the wheel in house?
Satoshipay have never covered themselves in glory, rather the opposite.... theyve covered themselves in sh5t.
they've achieved nothing yet, spent and raised a lot., however that's not to say that they cant achieve something and that some company will not pay for it.
its as though someone at Satoshipay thinks of a project and decide yes that will work, then they do the geekery and attempt to commercialise / monetise it only to find there is no demand.
if they've misjudged the FX market, then i think Satoshipay/Pendulum are done!!!
there is definitely value in Dynasty, would be good to know just how much they are "crushing it" in India.
DYnasty could/should be worth many multiples as they are selling into a massively expanding market and have the right product to do so, would be interesting to get metrics to ascertain how they are growing to give a relevant idea of multiple expected for IPO.
i don't see why TF wouldn't sell 50% Spay for £3.5m, currently carrying the whole holding at £4.9m. we have got the usual vagueness "the board believes the value of satoshiopay may have increased significantly" however TF's version of significantly may well differ from shareholders hopes for what significantly means... sadly its not likely to be multiples of...... we go back to pre pandemic days of Satoshipay being described as a sh%tfest, sadly it has proven so !!
an extremely poor return for a decade investment, on the plus side at least it will provide a return.
a few months to see what transpires.
Also it really is a matter of: would the board sell say half of its spay holdings for £3.5m (i.e 3.5x the invested amount)? I guess they could. So that’s your potential valuation right there I think
Well I’m just tryna connecting dots here.
Personally feeling much safer with Dynasty than Spay. spay I have no clue what can be worth, nevertheless I do think that probably nobody does. So, to me, Spay is perhaps worth the current market cap (just assuming it’s value increased somewhat in 5 years). Hope to be miles wrong of course. I don’t think they could have ipod given they barely have any revenue… again I have no idea how much is worth, and believe nobody does either. Hope is free, but any value for spay is a hope value atm. to me the company is worth 0.35p 0.40max