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GL with the airdrop,
Ragnar, thank you for your review.
Why hasn’t there been a RNS if investments have folded? In my opinion the website is misrepresentation of the portfolio which may yield a return therefore misrepresentation of what I am investing in. This may be a legal matter.
We have two eggs in one basket and both are independent companies with absolutely no obligation to report - this by it’s very nature is incredibly risky investing and we have no idea what is going on in either investment. As an example, last November Dynasty was waiting for news on twelve new contracts and would IPO/trade sale and speaking with global tech companies. In April 2021 Dynasty announced they would IPO within a year. Because they are independent there was no announcement regarding the failed IPO or sale to a tech giant and they won three of the twelve contracts which was announced. Looking at Gfinity, Guild, Mobile Streams and other listed and private gaming businesses, this sector may take a long time to mature.
Satoshipay frankly is what it is and may be the golden goose.
As far as seeing 0.15p as the bottom, we have a gun loaded with over 500m shares at our head being c375m of White’s and over 200m of Lew’s shares that, depending on their intentions, may be dumped at any time which I’m pretty sure will sink the SP further.
This is going nowhere soon. Big holder shifting a few, Del Boy in the background. Crypto likely to fall further with fed rate hikes. Silent companies.
Although most of my focus is on the Satoshipay investment I Thought It would be a good idea actually review the companies holdings as there are clearly some write offs as well as the ‘star’ potentials. Hopefully Tony will see this and start off his new tenure with an open and honest update.
Guild - current value approx. £400k
Dynasty - current value approx. £4.8M (based on a 50m USD fund raise valuation April 2021)
East side Games (leaf Mobile) - value approx. £110k
Googly Esports - value zero
The Dibs Esports – Value zero
Diemans Esports - Value zero
The Drops Esports - Value zero
Formation Esports - Value zero
Satoshipay – current approx. value estimated at £4.5m (based on last fundraise in 2019)
Sthaler – current value approx. £387k
NFT Investments – current value approx. £200k
Total value currently around 10.5m with approx. £200k in cash
So without concrete progress and or updated valuations the SP has now fallen well below NAV and currently represents good value so I personally don’t see any further significant drops from here
It looks to me that all the e-sports start-ups are basically write-offs. There has been talk about Googly Esports doing something, but the latest set of accounts (Sept21) it states:
“On October 2021 Googly Media Holdings Pte Limited, a Singaporean entity, acquired 100% of the Company from the shareholders with the intension of creating a group with sufficient funding to recommence the esports business plan originally proposed by the company.”
So I think we can thank Derek Lew for this lot of wasted investments and hopefully Tony will come clean and start with a clean slate.
The reality is that there are only two potential blockbuster investments, Guild, Sthaler, East side games and NFT investments may well grow from here but in the scheme of things it only is Satoshipay and Dynasty that have the potential to substantially increase the SP from here.
I think based on the last years activity with Dynasty it is almost certainly now worth considerably more that the last valuation but I think we are in the hands of market conditions before we hear of IPOs or Buyouts again.
Satoshipay for me has the biggest potential by far but at present it is only that. Everything is all being developed according to plan but it is still months before it is launched and then proven.
I am not being negative here just trying to be realistic to manage my expectations. Lots could happen to trigger off the upward movement once again, A decent Dynasty update with some financial background, Buy out/IPO or possible further VC investment in Satoshipay. Certainly a successful Polkadot launch for Pendulum and PEN token with known tokenomics will put a basic valuation on Pendulum far higher than currently provided for Satoshipay, and further down the line successful monetization of Pendulum and Dapp integrations, cross chain bridges, AMM forex trading and re-launch of DTransfer.
Lots to look forward to
Viera - thanks for clarification.
Time to buy boyzzz!
Piling up at the moment and for the others don’t come back crying like babies!!
Not sure if he sold cos Lew left ,doubt it
Maybe he’s decided he prefers another share
Good luck to him
Just next time leave it a week to sell after a onwards and upwards comment !!
I mean mark says onwards and upwards and yet shortly after dumps 125m shares !! So it’s more like onwards and downwards !! : (
Steamy - sorry I wasnt clear - I was referring to your comment on having Derek Lews ear. They have been in contact yes but I dont believe there was much love lost between them. Just my take.
You echo my points Gazzle. Just in a slightly more condescending manner. But that's grown ups I guess.
Gaz, how did you conclude GST is incestuous? Eight members of the BoD and management own 53% of the company so they have plenty of skin in the game which is exactly how it should be. Blu has two individual major shareholders which judging by the last few days, can sink the Sp at will. The outgoing CEO has 200m which he may dump and the incoming CEO when he was previously CEO owned 24m shares so pocket change invested.
We're all big boys and girls spending our own money and making our own decisions. We all have opinions too which some have freely and justly expressed on this board.
It's good to talk.
Except when you don't mean what you say.
Bloody el gazzleberry calling GST incestuous while being invested in BLU is somewhat the pot calling the kettle black
Was that a £56k buy or sell yesterday last thing?
Just to state. I'm still pretty confident in my investment here. Dynasty to my mind is worth 0.6p and Satoshipay, a possible bloody fortune. I just can't stand liars and cheats.
Ragnarr - Please see comment 19 - Here: https://www.lse.co.uk/profiles/theeduke/?page=3
as well as comment 13 & 15 - Here: https://www.lse.co.uk/profiles/theeduke/?page=2
Plus to be honest, reading his post between all of the scanned ones....
... or maybe Duke has simply spotted a little opportunity elsewhere... and has cashed in a bit here ... to take it up ... if so , who can blame him and jolly good luck to him !
... what is there to panic over .... nowt !
Steamy - I am not sure you are correct in that statement.
Viera - care to expand on that comment ?
I find myself tonight wondering whether this is a forum of sage fellow investors, or a tutorial group at the royal society of share price drama.
Duke is 1 Investor and by all means reassess your position in BLU as a result of his selling down, but please bear in mind a sense of perspective.
Do you feel online gaming has a future and do you think dynasty is part of that. Do you see a route to success for pendulum? At what odds? That’s about it isn’t it?
Putting my own view here - long term I still like
Gaming and see any pendulum extra as just that.
On the drama side, Short term, perhaps Duke may be selling before the clear out RNS where the almost made its gaming stocks and investments are cleared out - or may be he’s woken up with a giant gambling debt that needs paying. -lol.
Personally nothing has changed for me but I am running profits having gotten in quite early.
NtD
Any idea why Mark has sold Nick? He was adamant a few weeks ago that he was buying more, only to sell yesterday. The worrying thing for me is that he has the ear of Lew (so he tells us). Lew leaves and Mark sells???
Not impressed...
You meant onwards and downwards : (
Swerve,
I left that telegram group about a year ago.
Most of them aren't holders and are in clicks to pump and dump the stock.
A few in there that had massive holdings don't have any left now anyway.
Few good people in there but that's about it.
As they say, do the opposite of what they're doing on those groups.
They're buy, buy, buy but in retrospect they're certainly the one's selling!! if there is anyone who hasn't worked that bit by now..... well, you now know.
Don't get suckered into those lousy groups as you'll be the one left with no money.
Telescam for a reason.
Anyway, cheap shares to buy now of which I took a decent amount this morning.
Thanks Duke ha ha :)
Problem with your evil plan icb888 is, mr Lew will want a better price than this, what would happen if mr lew was being Machiavellian and waited for the price to rise then dump his entire holding. Just a thought.x
I wouldn't bother with the telegram group they treated me like a piece of dirt, wouldn't go there if I was you. As for Mark well it's upto to him why he has sold, he could have been a a tad more honest about it, but He has a good reason for selling temporarily. I will leave it to him to tell you if he so wishes.
Swerve
lol another one of the cheerleaders has arrived - 888icb trying to blame 'derampers' for the share price being in free fall for the last few months. Erm, no? Price action has got nothing to do with what is posted here
Pablo called it right, and I was on the same side as pablo, so we'll just say, great minds think alike
Look at the last 6 months chart - is that mine and pablos fault? lol
Thats enough nonsensical talk for one day thank you
Don't let the door hit you on the way out 888