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I often read people posting fair value here is a minimum of 0.2p, but could be worth upto 2p etc. I think this is a mistake.
I have seen nothing from BLUs two main assets to suggest fair value is higher than the current sp, and there is a real chance that it may in fact be overvalued, as you have to really question if either of the companies have a commercially viable future. imo
Aardvark - So you're suggesting that the companies are now worth less than they were several years ago? I'm interested to learn of your research to evidence your suggestion.
Agreed Aardvark
I exposed another poster yesterday for suggesting a price of '2p in 12 months' (now 10 months)
And when i broke it down an said that would be more than a 2000% increase to get to his fictitious 2p in now a 10 month period they ran to the cover of saying it was a 'hypothetical question'
Hypothetical question or not - the numpty still said it. End of.
Moving on... - Benchmark have been at it for 2 weeks now trying to flog Satoshipay. When one has hot property to sell, usually it shifts pretty quickly.
The same applies if you were looking to buy something which was suited to your requirements - once your mind is made up, you usually want to move pretty quickly on it, albeit a house, car etc.
There has been nothing to suggest there has been any interest. Do they even have a price guide or is it a case of 'what do you want to pay for it?'
15/11/23 RNS ends with "The Board will update the market on this process in due course."
Cant wait...
I can see aardvark`s point of view. A few years ago we had blue sky hope, actual value would be low but expectations high. However if after a few years the expected level of progress and success is not achieved then all that is left is what you started with - without the blue sky.
I had been very intersetd, excited even, by Dynasty - but nothing of substance has come through, the RNS did not come acorss well to me at all, felt like an entity just abut surviving rather than one about to go up a few gears.
The whole Dynasty thing, and their (Blue Star's) pivot into gaming a few years ago just does not sit right with me any more - all the below interlinked names and businesses that crop up again and again, with little to show for it - smoke and mirrors, maybe eastside has a chance of doing something interesting over the medium term.
https://www.p10neer.com/
https://eastsidegamesgroup.com/investors/executive-management-team/
https://www.dynasty-esports.com/team
https://pitchbook.com/profiles/company/489504-88#overview
https://www.metakit.games/
Gone from being exciting/interesting, to being a little bit stinky - feels a bit GFIN like.
Is satoshipay / Pndulum anywhere near delivering anything Blu can bank on? or is it really in need of vast sums of money to get anywhere, that is how it now feels to me, down to a bit of beer money left in and fingers crossed really.
Thanks for posting albino
I would say dynasty are turning out to be a damp squib. There were already reshuffles with senior mgmt maybe a year or two ago. It’s as though they are busy pivoting here there and everywhere and whilst yes they may be gaining traction in some areas, the vanity business deals they are doing are not exactly impressing Mr Market.
Satoshipay yes I think you are correct when you say they need vast sums of money to make any sort of success. I may be wrong but I have a hunch their spending is absolutely out of control with no one in the business giving any consideration or caring to stop the rot. It is no way to run a business long term. This exact rot will destroy them from the inside out if they are not careful because new investors or even potential buyers are rightly going to be dubious about putting money in only to see it evaporate so quickly. Or from an owners perspective being left holding the baby with max cash burn, minimal revenue streams and no one to sell it on to. Who wants to be in a situation like that ? Oh wait…
My best estimate is their cash burn is anywhere between €150k - €300k a month
My unpopular opinion gets talked and walked down for simply not aligning with others narrative of talking the share price up - no doubt some will drop in today to ostracise me about this post but I literally don’t give two hoots.
There is one way I will stop dropping in here and ranting and posting my thoughts is when Satoshipay actually do something substantive
I can see from the last 24/48 hours posts that I’m actually not alone - other shareholders are absolutely fed up of this dire situation. Just look at the share price. If the bid drops below 0.07p then we are probably done for
And at least I do post my thoughts. Some posters here are either from the one liner brigade or worse yet, the copy and paste brigade.
It’s December 1st.
Tony Fabrizi, based on his self imposed deadline, has got 4 months.
Furthermore aardvark - Yes, totally agree with the last line of your comment on 13 Sep 2023 11:37
Lol steamy going back months to prove a moot point
I’ve posted granular top ups here before the ticket has been printed
I’d like to see your explanation for that one
No
Ain't looking to promising right now is it.
The last RNS from Dynasty has killed anything left here for now.
Thanks
The most alarming thing is that there is absolutely nobody wanting to buy which says a lot.
Looks like it's bottom draw all or nothing.
Best of luck to everyone invested.
It has always been the play all or nothing