Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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We own 26.9% of Satoshipay and Satoshipay has an interest of 5.5% of pendulums future pen tokens. Total supply is 210m tokens with initial circulating supply of 10m
I meant do we own some PEN coins...might have dreamt it....
No. BLU invested in SatoshiPay who own Pen. BLU own 27.9% of SatoshiPay. Look at the RNS of the 7th March.
does BLU own PEN? I can't remember
As long as it doesn’t drop to absolute zero, it’s going to be up on the day no matter what? Yesterday was zero…
Looks like it hit a high of .79 on open...+790% !!
Anyone lucky enough to hit that this morning ?
Thks
There’s a link to it on pendulum twitter feed.
Wow..where can we see that Henie ?
Pendulum %270 up!
15 minutes till lift off :)
Go by what is published (Albeit based on old info) which is NAV at 0.24 NOT 2.3p LOOOOOL
Blu - I concur with your general sentiment and genuinely believe the SP will be far higher in the not to distant future, once intrinsic values can be put on the the portfolio.
My immediate concern is that some here are expecting PEN listing to provide an immediate high valuation. Whilst it will be interesting to see how that goes the real value will probably be 12 months or so as the token is actually utilised for forex smart contracts and the crypto market fully enters the next bull phase, as well as the related development of Dtransfer.
As with Dynasty, I agree with your frustration. It seems fairly clear that the true valuation is probably multiple time higher but the silence is deafening. I am sure our patience will be rewarded this year some time..
ACT (wtf wtf wtf) We do not know what the current NAV is of BLU. Whatever is out there is obsolete. I am sure a true valuation will emerge for Dynasty prior to the test the valuation exercise in Q4, and that SP will also make significant progress in 2023. I am sure BLU`s NAV will be significantly higher than 0.19, 0.23, 0.25, or whatever it actually is at the moment.
Ragnarr
i merely concentrate on the investment and funding side of matters, the intrinsic side. i have approx 27 companies in my portfolio, of which BLU is a high single digit percentage. i believe in diversification of risk.
BLU is a superb risk asset, if the business and potential sum of parts is understood, if only we can get a floor under the price via Dynasty or indeed should the Satoshipay valuation arrive via some metric earlier than expected.
i am a little time wary as i've been invested here for may Years, i'll be most happy to see exit via way of monetisation of assets, stake or IPO
so... with regards blue star , what i have stated below, i stand by.
i don't really consider crypto to be intrinsically sound, but i do understand that PEN is unique, it has real world use, and disrupts the largest market on the planet (FX), i believe i have alluded to this previously with you.
from both a technical and fundamental standpoint, i do see a bounce back in BLU share price in the short term.
very much value your input and opinion
atb
blu
Blu - lots of FUD floating around the cryptospace at the moment, USDC stablecoin temporarily depegged as a result of SVB, and lots of volatility. Actually failure of another centralised bank only adds to the argument for decentralisation - so good long term for Pendulum, but could affect short term PEN valuation while the dust settles. IMO.
with regards SVB and specifically to Blue Star and its investees.
no problem to blue star at all, operating cash facilitated via sale of Guild stake (sadly not all of it), will sell non core assets
to provide further funds should they be required en route to monetisation of 2 key assets.
no problem to satoshipay at all, cash rich, suckles at the teat of stellar (for now)
no problem to Dynasty at all. Cash rich, funded.
there are many other avenues to raise funds, should they be required in future, thus, to my mind at lest, the importance of a stockmarket listing ( for both Satoshipay & Dynasty)
@bobsson
i'd be delighted at 2.3p (ish)
Bobsson wtf does that mean? Your whole post is absolute rubbish quoting 2.3p. It’s 0.19
w. I don`t think there is a rush for valuations or disposals, the attempt at a valuation exercise to test the market is likely to happen Q4 2023. By then Dynasty may already be sold or have been floated. SP should be worth lot of money if it is a success, the share price should rise if the NAV is significantly higher than the current 2.3p (ish) and that is what we all want?
blubutton, You may very well be correct regarding any flotation of Dynasty, and that remains to be seen, but wrong I think about a special dividend upon a sale.
@bobsson
we've all known this for quite some time now.
however, Dynasty is , allegedly, already in the big time, but we have no metric to determine how big the big time is.
it is not the intention of BOD of BLU to reinvest anything, its about monetisation of assets. thus anyn sale will be reflected in the share price immediately, no special dividends .
with regards IPO of Dynasty, should that happen, the shares in issue will be determined in any prospectus, at which time BLU would take their 13.7% of the whole at the time. no dilution.
let's hope some of the theory becomes fact in the near future, we are all a little tired of waiting.
What is Pendulum Blockchain (PENDULUM)
https://blog.mexc.com/what-is-pendulum-blockchain-pendulum/