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Thanks Blu
You are one of only a handful of posters here who actually posts sense
Dont think we will see 1p.
however i am sure no one expected the gains being seen from Quantum Blockchain or GS technologies, up multiples within a week.
what is to say that on a reasonable FX announcement that Blue Star can not do the same. ?
just as you see stocks fall rapidly at highs, you se them "snap back to the mean" at the lows
BLU's NAV was 0.20 as of last results RNS even without a revaluation of Satoshipay and Dynasty.
to my mind that ( 0.2) has to be an initial target and i for one will be happier once we've regained that.
Pendulum need to update their roadmap too - it’s well out of date now
Blubutton that is some great, positive news
Thank you for the update
Lets go
@slugmum
i offered what i thought constructive criticism on the Pendulum Community channel.
dukee is aware of my background, thus i was happy to offer strong thoughts to Pendulum.
i am impressed with what they have come up with so far, but will only be happy once they have launched Nabla, PendulumPay (rebranded Dtransfer) and Spacewalk on Pendulum.... this should make Satoshipay / Pendulum very valuable considering the refloating of the "crypto wreck".
i have made regular purchases of $PEN and Blue Star - Blue Star ... sadly at prices i had never hoped to see again, such are financial markets.
(most on here will remember i am no fan of crypto)) i do however see the value and possibilities of FX market disruption.
i would like to see a very swift and substantial recovery in the Blue Star stock price, its overdue.
i would also very much like to see the seller, whomever he/she is, cease and desist.
atb
blu
hi blubutton,
duke has mentioned earlier that you’ve given satoshipay a well needed kick up the ****
is this the case ? look forward to hearing from you
Weekly chart ,break the blu 8ema then its a lift off ,it always lags ,#qbr.#obc & #arb
https://invst.ly/11va7b
@ragnarr
just about to ask same question re polkadex
should see some recovery as we move forward into Q4
its taken far longer than many expected, if we can get back to 0.2 in reasonable order then build ahead of valuation process then that will be fine.
with what seems to be happening with regards the crypto market, will provide a much better bias towards positive Satoshipay valuation.
It is.
OBC and ARB jumping as with Blu.
Crypto is pumping. A rising tide raises all ships :)
JOHNO77 - The below is from the RNS dated 28th September 2022.
"Conclusions based on portfolio review
Based on the current carrying valuations of Dynasty, SatoshiPay, Sthaler and the market price of the quoted investments the portfolio has a current value of approximately £11.9million which is equivalent to an estimated NAV per share of approximately 0.24p.
For the reasons highlighted above, the Board believes there is significant scope for this figure to materially increase over the next twelve to eighteen months. Accordingly, the Board intends to focus its attention and resources on supporting its two core investee companies and does not anticipate making any new investments for the foreseeable future.
In addition, the Board intend to manage the Company with a focus on funding the business, insofar as possible, through the sale of its existing non-core investments.
The Board will cut all non-essential costs and is proposing to put in place a share option scheme on a time and performance basis. The terms of the option scheme will reflect the Directors belief in the inherent value of the two main investments. Details of the scheme will be announced later this year and will cover a maximum percentage of 5 per cent, maximum life of 3 years and proposed exercise prices of at least 0.35p per share.
Long term strategy
The Board believes the two major investments have the potential to provide significant value for shareholders and the focus will therefore be on managing the Company to maximise the prospects of achieving a successful exit of these investments within the next two years. Assuming this can be achieved the Board intends to consult with shareholders to decide on the most appropriate course of action to ensure shareholder interests are best served."
Duke, are you still holding ~377m shares?
JOHN077 - Dont think its price sensitive information, ash burn of the company is absolutely minimal. How nice is it to see some BLUE ! Its been a while !
This is interesting Up 17.6% on volume of 40 million. Are we about to get some news?
Where did you get that cash figure / info from Duke?
That’s positive news duke
What has blubutton done please
And just like that, we have buyers again.
Phew.
Yep cheers mate. Very attractive entry point, was just wondering if i had missed anything. Certainly a good start today.
Plus still some GUILD we could sell, and maybe also Fingopay !
Looks like Pendulum finally getting their at together, partly thanks to Blubutton . . . lol
Hopefully this is the start Ragnarr - BTC ETF and mass adoption please driver !
JOHN077 - I would say we have cash left for a minimum of 12 months !
Beginning of crypto bull run - seat belts on 😎
Thought about buying back in today (given 7pish is historic low) but the cash situation put me off. At previous burn rates they are on fumes and Tony now has less options to liquidate investments with gild. Tony said he didn’t want to raise but running out of options unless they have a buyer / bumper
Valuation lined up for SP or Dynasty. Hope for holders he has an ace up his sleeve. Anyone else got an opinion on the cash??
Duke - apologies for not replying earlier - im only looking in every so often at the moment as main focus is elsewhere. still holding though
In a nutshell listing on Polkadex is definitely another step in the right direction as Polkadex is a Decentralised exchange it exposes PEN to permissionless swaps ie more experienced crypto holders. Polkadex is in itself quite a new DEX and a fellow parachain on Polkadot ecosystem but they do also have a bridge to Ethereum so all in all more exposure and generally good hews.
Ah chester 2 - the same idiot who claims that blu is going to 5p.
That would mean the share price going 62x
We can see who the nonsense talkers are
Ramping away with prices plucked out of thin air with absolutely nothing to substantiate their claim
62x... lol
Why dont you get teflon torsten to read you a bedtime story about unicorns... 62x in your dreams maybe