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@gazzle
concur !!
Satoshipay have been serial disappointers. i believe PEN token and nabla / Pendulum will ultimately prove very successful, i think TF is attempting to flush out an early buyer ahead of next upturn... he';s had his fill with Satoshipay i'm sure over the near decade of involvement.
would be advantageous to us as BLU shareholders that large investment bank or payment co maybe take Satoshipay, if it results in £10m / £15m to BLU for the stake then great, the days of Satoshipay being considered a "unicorn" are well and truly over, Satoshipay/Pendulum currently are not fleet of foot and react and move like a constipated tortoise, an investment bank would put some zip into them !!
@pensiondefecit
Dynasty raised further earlier this Year, relatively small amount, its in one of RNS's
IPO market is "reopening" , want to see Dynasty dismiss bunker mentality and IPO into H2. its time !!
Https://pendulum-chain.medium.com/june-ecosystem-roundup-1ad00d0219eb
Mmmmm!! Something not adding up once again here share price wise.
More buys than sells yesterday and certainly again today, but down??
Very strange going's on.
Gas - I would agree that is a distinct possibility
PS - shouldn’t be too much longer now for ripple verdict.
Blu - all very valid points - one of the hurdles in the crypto space is it is still on the whole run by the geeks not the suits - one would hope this is where Daniel Masters on the board will come into play
Hi BB,
Share your frustyrations and also your outlook - still enough potential value here to keep me involved. And I also agree with Ragnarr - Satoshi to keep pushing out linkages and code for FX and we will see where that takes us as the next phase of adoption /bullrun hits - likely from the halving next year.
Dull but with potential
AtB
NtD
@ragnarr
everything takes time, fair enough
there is always a degree of slippage in a project , fair enough.
i am very well versed in both financial markets (front office) and business in general.
you do not offer project completion timelines twice and fail to meet both, extremely poor project management and for a listed company can prove fatal.
Satoshipay have issued similar statements with regards, micropayments ( anyone remember them) and then Dtransfer which seems to have gone MIA. so the constant revaluating and reissuing of timelines does nothing for either confidence or certainty.
forgive me, i am unsure as to your market background, markets HATE uncertainty, they also do not like being promised without delivery. this is the reason , amongst others, that BLU find themselves back here.
i am less than happy with how all of this has been managed over the years., TF is doing his best , playing the only cards he has left as without a seat on either board (oversight) for the shekels invested , he needs co operation from the errant investees , which seems less than forthcoming
it will all come together, but it should have done before now on several occasions, you can only grab defeat from the jaws of victory so many times.
still believe 0.4 - 0.6 sum of parts, but they have to start delivering rather than disappointing.
An extract from IC:
“ There are definite signs that the IPO market both here and in the US is slowly coming to life after being almost completely dormant for the past 12-months. The London market’s desire to become a centre for fintech companies was given a qualified boost by CAB Payments, which recently stated its intention to list and is currently going through the bookbuilding process with institutions and retail investor platforms. Barclays (BARC) and JP Morgan (US:JPM) are joint bookrunners. The indicative listing price of 335p a share, with the company issuing 254mn shares, implies a chunky market capitalisation of approximately £850mn and a free float of 40 per cent of the total share capital.”
It is encouraging for Satoshipay that IPO’s are returning to fintec and that it is encouraging for Dynasty that after a year of no IPO’s there are signs that IPO’s are returning generally.
@WalletConnect is now integrated with The Portal!
A number of additional wallets can now be used to interact with the gateway to all things @amplitude_chain & Pendulum!
https://portal.pendulumchain.org/pendulum/dashboard
A moronic comment from P78. Blu have no power to make Satoshipay or Dynasty release news.
Interesting that people are finally catching on that not delivering or communicating isn't a great approach to business.
Duke!! Where are you?!?
It's time to calm things down by telling your cheerleaders that it's different this time
Hi all,
from a Dynasty perspective the key news for me is that for a significant amount of time they have not required any extra funding - reinforcing the point that they are self sufficient and hopefully profitable. Unless, of course, they have such a low cost model that they are still using the previous capital raise for everyday cost funding.
PD
Dave/bob I do understand the frustration and it’s clear that things are delayed from previous timelines, but with tech development timelines are notoriously difficult to keep to and from personal experience rarely kept. From a relative layman’s perspective I cannot overstate how difficult blockchain dev is and much is still trial and error. There is so much dev going on daily in the background, the whole process is mind boggling as is the brain power that does it - and I probably understand less than 5% of it .
For me Pendulum have been extremely transparent With everything albeit a little ambitious in timelines, which is why I am looking towards 24/25 for the full potential to show. We are in the early phase of what could/should transform how finance works but the trad markets don’t quite understand potential just yet.
As for Dynasty I completely agree - the silence there is deafening
All just IMO
Hi ragnarr, In total agreement with your current appraisal. UK markets in the doldrums so BLU is no exception. We know the original timelines are around 3 months behind. I am only expecting positive BLU share price action in December, and hoping that 2024 will see the dam burst. Keep up your great work.
Hey Ragnarr,
Think people are just completely fed up of the same RNS’s!! No valuation once again. Nothing can change until. The probables with dealing with private companies is they can be failing and they have pressure to tell anyone. That’s the risk of investing unfortunately. Why so much silence from the companies if they’re doing so well? Share price tells its own tail. Very disappointed here as is 99.9% of investors.
In know many here are getting a tad inpatient and despondent but I genuinely hope they don’t sell any Satoshipay this year. There is so much going on with Pendulum and all the foundations being put in place, but it will take time to establish ready for the next Defi bull run which in my view is in the process of starting H2 this year but fully gaining traction through 2024 into 2025. So any sale now based on a current valuation would be short term mistake as a 2025 valuation will likely be multiples of that. I am happy to accumulate and wait as I am confident of what is coming but fully understand others may have different timescale expectations.
The first half of the year has been one of steady progress for the Company's two main investments. As previously stated, it is the Board intention to establish up to date valuations for these two investments during 2023. A formal sales process has been initiated by the Board for its stake in SatoshiPay which is expected to complete by the end of 2023. There is no guarantee this will lead to an acceptable offer or that the Board will accept an offer. Below we provide the following portfolio company highlights, inclusive of updates, for the six-month period ended 31 March 2023 and any subsequent developments.
Sale process commenced for SP then…
⛓️The first $USDT transactions are rolling in!
Pendulum is now having an XCM channel with @Polkadot Asset Hub (prev. Statemint)
Thanks to @subscan_io for adding Pendulum to the XCM Dashboard!
Track cross-chain activity across all parachains ⬇️
polkadot.subscan.io/xcm_dashboard
I echo what's been said. Right now feel rather foolish for putting money here in the first place. Still in but see very little reason why.
15 December RNS stated that Dtransfer had 11 clients lined up
What’s happened to them?
I can’t wait for Julys RNS to say they have transacted a fiver on spacewalk
Satoshipay was incorporated in 2014, so if they carry on down this road for much longer they will be on track for doing a decade of feck all
Not exactly a milestone to shout from the rooftops about is it
this has been going on for nearly a decade now.
put lth's out of their pain such that they may reinvest into active companies that actually provide a return within a 5 year timeline.
its just tedious, never has so much potential been wasted (****oshipay could have ipo'd twice by now, 2017 and 2021), dysentry should have ipo'd 2021/22 there is no wonder the market values blu back at these levels.
get it sorted quickly tf
Oh and before some smart alec chimes in… substantive is the operative word!