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Appreciate this is akin to advising the door is bolted after the horse, but anyone still considering investing here recommend doing some basic due diligence on the executive chairman (ceo until 2021). Appears on companies house under various guises including
Anthony FABRIZI
Anthony Bodie FABRIZI
Francisco Anthony Bodie FABRIZI
I won't link to all his profiles, they're easily searchable, but one of the multiple below as an example, showing trail of dissolved companies and insolvencies.
https://find-and-update.company-information.service.gov.uk/officers/UEGDdhknjbaKKL7-X1AzF6qlbM8/appointments
How on earth has the total remuneration risen +100%! If Fabrizi is taking 165k in shares something tells me he has a floor for the Satoshi sale.
Yep basket case. Avoid!
404x
Not quite sure what your point is? So you've found various appointments for a 62 year old guy who just happens to currently be appointed at BLU. Not sure how old you are, but I'm sure you'll have had more than one job by the time you're 62 🤣
It’s not yet another week down the swanee is it?
Another week down the swanee by Satoshipay…. Aka the emperors new clothes
Having re-read the latest missive from BLU, it is a pretty dire situation. Dynasty was, for many, the nugget and Satoshipay the gamble. Dynasty’s ship has now sailed (or should I say sunk) and we now wait for a miracle from Satoshipay. At 90% underwater, I’ll hold and pray!
The RNS offers no explanation as to how this valuation tanked.
Can somone explain in simple English and math how the valuation of Dynasty became 10x less to Blu overnight?
Cheers - SLW
Tony must be either tearing out what hair he has left, or he is past caring
Seemingly like the latter , certainly for H2 of last year and also this year to present day
Have the Satoshipay fan boys even listened to the recent interview (4-6 weeks ago) with allincrypto?
For the majority, all they talk about is tech… and very little on the business side
Get some interviews lined up with business brains, YouTubers who work/worked in banking/forex, who are pushing for a revolution. Global b2b… who can take them to task on how they are going to make money and what their strategy is for obtaining market share and quashing competitors with their superior product
Immediately!!!!
Not some crypto kid who reaffirms everything they are doing from a tech perspective just because it’s blockchain related!
They need to get the right eyeballs on their product- otherwise how are they going to find new investors ? Benchmark have been next to useless thus far… probably this message has given more directive than we’ve seen in recent months and this type of PR - asides from manpower setting up appointments is free!
No travel costs as it can all be done through teams/webcam/ zoom or whatever is in now
Would all Satoshipay staff be able to say hand on heart that they have tried absolutely everything possible to make a success of this ?
I’ll leave that for you to answer
Seemslukewarm
A case of the emperors new clothes
I fear Satoshipay will be ringfenced in exactly the same pen
All talk, no trousers… or clothes in this instance
Slugmum, thanks for the reply although the gist for any reply was in the question:
>Can somone explain in simple English and math how the valuation of Dynasty became 10x less to Blu overnight?
How was it valued prior?
What event/math made it less?
There's no explanation
Cheers - SLW
Dynasty was largely financed by convertible load notes, which gave the holders the option to convert their loans into shares if any material event occurred. Holders chose to do this, which diluted our holding.
Thanks Nikkib :-)
SLW, Three years ago e-sports was supposed to be the next big thing. It turned out is wasn`t. Dynasty are a private company so very difficult to get a regular news flow as to how it is performing. Take a look at GILD share price graph over 3 years, if Dynasty was listed it would probably look the same. Dynasty and Guild both e-sports companies in which BLU had shareholdings in, and both turned out to be dogs.
thats how to put a summary in a nutshell bobsson.
i'd add that the bod, ceo and ex ceo asleep at the wheel, but that would be expressing kindness.
it would be usefull to have them sat in the ****pit but you'd have to get out of bed to be present and the only thing detectable that breathing is still taking place is the hum of the snore and the floating zzzzzzz's
thanks for the reply - atb - slw :-)
Since SatoshiPay is the one remaining asset of any value in BLU’s stable, it’s worth looking at the team/s behind SP.
Take a look, for example at Daniel Masters. He is still listed as a Director of SatoshiPay, having invested £566k in the business in 2018 (when the company had a pre-money valuation of £17 million).
Apart from his directorship/shareholding in SatoshiPay, Daniel Masters is a very big player in the wider crypto-asset industry. He’s Exec Chairman of Coinshares ($6 billion assets under management), as well as: director of CommerceBlock; director of Crypto Composite Ltd; and, director of Aventus Systems. Clearly an influential and well-connected “big fish” in the crypto-asset industry.
The question is: As a director of SatoshiPay, how is he guiding their progress, if at all? He’s been on the BoD since April 2019 (ie 5 years so far).
If you listen to this podcast, you’ll hear why he feels the current crypto cycle is different and more sustainable to previous ones, and why he sees crypto assets as a long-term investment (not a surprise since that’s his industry/market, but listen to his rationale). While there’s no mention of SatoshiPay in the interview, his strong grasp of the crypto asset market makes him an ideal person to have on the BoD at SatoshiPay.
https://podcasts.apple.com/us/podcast/1284-danny-masters-investing-legend-has-billions-in/id1434060078?i=1000638620950
Thank you Pip and TTT
Christ look at those sells that have just popped up. WOW
Can only be couple who have that ,many to shift.
One of our large holders crystalising a large loss for end of year tax purposes I would imagine.
Pretty sure we'll see a holdings RNS later or tomorrow after those sells.
That must be Nick Slater. Last known holding was 582 million, so must be crystallising the loss for current tax year. Very sad
Strange that it dosnt seem to have any impact on thw bid or ask.
Wouldn't be surprised if he's got a broker to "hold" them for him, so he can buy them back in the new tax year. He's clearly had a good year with his other investments (eg ORR, SPSY, CSFS ) but he's taking a loss of about £400k on his BLU shares having bought at 0.10p
508M sold
48(?)M bought.
Up 9 per cent!
Could be bedandisa. Especially possible as the doubled amounts are the same.
A_E_Marsh - I guess the tiny buys at the end have kept the price up. 40% Spread.
I suspect they've been Bed and spoused into the end of the Tax year.