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TBF that would be refreshing indeed or something even remotely funny.
Muscles - how about stop acting the idiot and post something useful - go on give it a go.
I think it is worth mentioning that it is now nearly two weeks since Mark White TR1 with no further TR1 so I would suggest the the theories regarding him reducing further are unfounded, more than likely just over leveraged and needed to sell some. Cant comment on Derek Lew but he would be the more likely culprit in my view.
Had to post in two so read the bottom post first
But Pendulum will also gain value from the Dapps that work off the blockchain. The recent update confirmed that Pendulum have retained 5% Amber AMM (AMBR Token) – described as a ‘Uniswp’ type Automated Market Maker (which is set to launch with Pendulum) Now I don’t want to get all rampy here but Uniswap current market Cap is 4.9 Billion USD.
And with the Pendulum grant programme One would assume that Pendulum will also take a percentage of tokens in many new Dapps launched on Pendulum as well.
On top of this I assume Pendulum will also be taking transactions fees which although are very small is relevant to the number of transactions. Total Defi transaction are about 200 billion per year.
As far as DTransfer goes all I can say at this point is the Cross border payments market is worth around £200 trillion per annum so we will have to wait and see how that pans out, but the companys recent comment confirming Satoshipay current valuation of GPB 4.8m ‘could significantly understate it current market value, is I believe, quite relevant.
All just IMO.
1/2
On the question of valuing Satoshipay it is almost impossible at this stage, because everything depends of the successful launch of Pendulum, which in turn should set the re-launch of DTransfer, which in my view is where the real ‘unicorn’ possibility lies. It was interesting that the recent update stated Satoshipay is generating revenue and expected to be profitable this year. This was a surprise to me as I am not aware of any legacy micropayment revenues so the income must be coming from DTransfer. In 2020 after the launch, they did confirm that they had connected to Banks in Europe, US, Mexico, Asia and Africa and had signed up a ‘European business operating in sub-Saharan Africa, so it would seem there is ongoing business
However before we get there we will be able to evaluate Pendulum in the coming months as the recent update confirmed that Pendulum would retain 5.5% of PEN tokens, so once the token has been launched and available to trade we will have a PEN market cap of which Pendulum will be at least 5.5% of.
look at existing Parachain Market caps. The highest is Moonbeam with a fully diluted Market cap of approx. 467m USD, Astar 273m USD, Efinity 217m USD, Acala 183m USD although there are ones much lower – the lowest being Interlay at 40m USD.
Each Parachain has a very different scope, function and scalability, so as Pendulum is a platform for Dapps to integrate with It is highly scalable and more of the likes of Moonbeam and Astar (I think)
Remember that the current market caps of these Parachains is a fraction of what they were a year ago – Moonbeam Market cap peaked at 1.21Billion when if first launched but crypto winter has since taken its toll.
Gaz - thanks for posting the interview link. Very encouraging, I thought. it's nice to listen to someone who seems realistic and isn't trying to talk up a lot of intangibles.
To me the Dynasty investment seems solid and the valuation grounded in reality. Let's hope this company can continue to grow as Tony hopes and expects.
As for SatoshiPay, this type of business is way outside my area so I really have no idea what it might be worth. I'm happy to defer to people like Ragnar who know a lot more about it. But I certainly take a lot of comfort from the fact that the share options are going to be issued at 0.35p. The board would not do this unless they have very high hopes of a significant net asset uplift.
Lastly, I like the fact that Tony is basically setting the clock at 2-3 years to realise maximum value. No new investments and no fund raising during that time. This means that the Board have to be fully focused on getting NAV well above 0.35p during this time so that they can profit from their options. That's a Win/Win for me.
All in all it is very encouraging. I am certainly a buyer below 0.20p.
don't necessarily agree gazzleberry
a CEO shareholding/ "owners eye" is a prerequisite to investment to my mind.
on this occasion however, TF has skin in the game, he is at least seeing this through to the end , monetization.
Lew was a disaster, he's overseen carnage at the crock that is Guild and sadly here at blue star with his indolent approach.
things get better from now on, as valuations now have to appear on an initial basis, for both Satoshipay and Dynasty, then over next 18 months to 3 years get a final valuation as stake sold or either/both companies IPO.
Sorry meant to say click on the Rococo chain (top right) to see the current Amplitude network
Anyone wants to see the Parachain network Amplitude is connecting to
https://dotsama-channels.vercel.app/#/polkadot/acala/assets
A little preview of some Amplitude dashboard development
https://master--pendulum-portal-alpha.netlify.app/amplitude/collators
Hope so steamy, I think a few more here are in the other share too so we all want the same thing, at least as yourself and Gazzleberry have said now Lew has gone we hopefully get this one moving north and the other can take care of itself.
I agree with you Gazzleberry " good riddance to bad rubbish "
Onwards and upwards ATB
Gazzle - What's your take on how Tony is to be remunerated? According to the change of directorship RNS he has no BLU shares. Also in the Vox interview he states no fund raise for at least 3 years, but we know cash is relatively thin on the ground to last that long. Personally, I'd like to see him get some skin in the game. Surely he has to in order to get paid at some point? Unless he's awarded on the performance of the company strategy?
Absolutely Colin. It's about time we had some attention on this share. Lew just didn't care and did the bare minimum. Like you say though, he was quick to dish out a speeding ticket. Rightly so I suppose, but with all of the other info lacking, no updates, and with redundant investments still listed on the website etc, it all seemed a bit one sided.
Onwards on upwards! Just a waiting game now, but I feel based on the great companies some of the investees are, all will come good. Hopefully the other share we're both invested in will too ;-)
ATB!
Was good interview steamy, exactly what is needed here, finally someone that communicates with shareholders. Pity Mr Lew didn't do that more often instead of us guessing what might be, he was quick enough when we were in the high .50s to put a stop to the rising share price but did nothing to stop the slide
ATB to what could be a great time now we have a ceo that cares about us shareholders.
he's = Lew's (that's what happens when you're typing on two keyboards at the same time! lol
}
Can't fault Tony so far. Real breath of fresh air. Thank heavens he's gone. Down to proper business now.
GLA
Just about at .13s to sell.
Dreadful and desperate.
Come on Duke get it over with it if it’s you
Definitely a buy signal prosper.
May as well wait until ( from what it seems like) Derek or Mark selling at a loss and get some cheaper stock.
Listened to Tony's interview and I'm sure, as everyone else here will agree, the future does look like it's in safe hands and with someone who cares about shareholders.
Just need to get shut of the lousy selling and thins will climb.
Good luck all.
Lew gone is a buy signal as someone said few days ago
Excellent podcast following up on his RNS statement. Very clear where he intends to take this focusing on Dynasty and Satoshipay. I get the impression he has reasonable expectations for Guild but he will exit I would expect once it has recovered and we can bank a decent profit. BLU are not going to raise any new capital and the proposed share options for Directors will not kick in until 0.35 compared to current sp of 0.15 and current NAV of 0.24. The intention is to cash out what he sees as very profitable investments in Dynasty and Satoshipay over the next 2to 3 years and then to ask shareholders what they want to do with the cash.
Personally I think this is a great strategy to allow shareholders to realise the full value of their investment.
Welcome back Tony.
Just listened to it, well worth a listen, this is what has been needed for soooo long. Take note Derek, this is how it is done.
well worth a listen - link will not show up on LSE
Steamy - I think it is clear that events have affected the proposed Dynasty IPO timescale. Firstly it would be madness to attempt to do so the current Bear market, and with the growing number of partnerships I think it is the correct business decision to have delayed and concentrate on the growth to achieve a far higher valuation in the longer term. Frustrating for holders in the short term and certainly a large contributing factor in the SP decline as most expected something by now and Derek Lew just let the uncertainty continue.
Tony has now made the situation very clear with a 12/18 month roadmap and with the following comment made I do think patience will be rewarded (especially at the current SP)
“In terms of new business, Dynasty has a large number of contract discussions ongoing with large global telecoms operators and tech businesses. The scale of these contracts is expected to be significantly larger than the company's existing partnership agreements and, if secured, will position Dynasty as the global leader in B2B white label gaming platforms.”