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@ragnarr
many thanks
Just some info on MEXC exchange for those here that may be looking to buy Pendulum coins
https://www.marketplacefairness.org/cryptocurrency/mexc-review/
Just about to message about this.
Estimated trading start is 13th March.
Plenty going on this month.
Like I said yesterday, people only sold out yesterday because they're clueless about what they invested in.
I see the price moving north of here by quite a bit come end of month.
Good luck all
https://twitter.com/pendulum_chain/status/1633389557503672322?s=46&t=cHWY5kCgg_wpHKZRRegV_g
@404x
this has been answered many times, however, purely from the fact they ARE profitable, it is implied they have revenue and of course it is dtransfer, that the PEN token facilitates, that will make very substantial revenue.
my opinion has not changed from yesterday or from many years ago for that matter, , we need valuations... Satoshipay last valuation is 2019, ridiculous ... we now have 4 years without a valuation.. this needs to be done ASAP
we need to find a way to get out of Dynasty , it would seem they are happy with the status quo, having flattered to deceive in Q4 2021, with regards IPO or sale, we now have an illiquid investment, with little way of monetisation unless TF can find a buyer for the stake, or indeed Dynasty deem it necessary to apprise, their long term supporter and investor, Blue Star Capital, of their plans with regards sale or IPO or capital raise, any of which would help with a valuation.
enough is enough, lets get it done !!
Thanks DaveTK. I had not seen that tweet. So March is the big month then.
From the RNS: “ SatoshiPay achieved profitability in the year ended 31 December 2021 and is expected to continue to be profitable in 2022.”
Aside from the altcoin project, does SatoshiPay have any actual revenue currently?
All of the events listed in the Roadmap are to happen in March?
This selling and the drop is people not having a clue what they’ve invested in. Simple road map here tells you that Pendulum is going to have a mad March.
https://twitter.com/polkadotinsider/status/1632026265237561344?s=46&t=AZ0ZYcMCZUEMZ0mbPxMC3w
And for god sake… come on Dynasty, give us something!!
To our share price and allowed to occur in this void of news. Whilst I get that a valuation is needed to change net assets, how about some overview of dynasty, its growth rate over last year, size of revenue and cashflow impacts , forecast future growth. Some disclosure on these elements alone could see our share price double. In relation to satoshi pay - it seems everyone is still working hard to avoid any possibility of a valuation. AMPE - no trading. Pen - no date for trading. As for dtransfer - well it may hold promise, in fact it might even be real deal unicorn stool, but ffs throw is a bone or two. A safe timeline we can understand for pendulum and some numbers for dynasty.
NtD
The only problem I can see is nick loading up at these lower prices and destroying the next rise lol
Agreed.It does say in the RNS that the Board feel it is important to attempt to ascertain some sort of valuation on Satoshipay (..of course it is..) and "There is no guarantee that this exercise will result in a whole or partial sale."
Some have been crying out for valuations this last few months.It will come and i believe it will far exceed the 2019 valuation (how could it not),as will that for Dynasty if it ever comes,current NAV partially based on April '21 's $50m figure (BLU = £5.6m..at that stage)
Huge progress made in both SP and Dynasty since these outdated valuations.
Look at the recent Pendulum record breaking crowdloan..£1.14m in 3 minutes !
Dynasty has signed 6 contracts,live in 3,and is "well positioned to achieve significant growth in 2023"..and check out the big players they are in talks with.
True value HAS to be MUCH higher than this.We all KNOW this,we're just waiting for it to be confirmed.
SP recovering too btw since this morning's drop.Managed to grab a few more under the .18,holding tight..expecting at least 200% from here.
I agree with Nightye1 when he said “ Think they are fishing for an up to date valuation more than wanting to sell I expect.”
Clearly as accounting rules only allow them to value based on :
“ Blue Star currently has a 27.9% interest in SatoshiPay's share capital, which is valued on the basis of the last external fund raise in 2019 at approximately GBP4.72 million. It has been the Board's view for some time that the valuation of SatoshiPay may have increased significantly since the last fund raise in 2019.”
BLU is being pro active in seeking to value it stake in Satoshipay. If BLU sold say 5% of its 27% holding to another investor that was considerable higher than the value implied by the fund raising in 2019, BLU could use that to revalue their remaining holding. As BLU have such a large holding they are probably best placed to let a new shareholder in and establish a current value for Satoshipay.
all shareholders will have a say hobsy.
a sale can not be undertaken without shareholder approval.
for the record, i didn't mean immediately, the valuation will take some time, which will give Satoshipay/pendulum/amber time to evolve. suspect we will know very quickly whether the PEN will gain traction and just how it will effect Dtransfer.
trust this clarifies.
atb
blu
They cant be trusted to be left to their own devices because things will just float around forever, like they are doing now
These companies are taking the p155
Tony needs to be absolutely all over them like a rash
@uxm484
no placing will be required , that ship has sailed, that's why we sold down guild for operating cash.
its about time we got valuations, we have visited this situation as BLU shareholders a ridiculous amount of times.
lets get the 2 assets, dynasty and satoshipay, valued and sold
the crock of sh5t that is guild should have been sold many months ago at between 1p and 2p and possibly as high as 5p,
Managed to sell out early. Lost a load of cash. All gone. Four Investments....all gone. No cash left. Will the remaining holdings do better? Maybe. Its a real gamble. This stock does what it does best...lose money and disappoint.
Those results frankly arent of much interest to me. I bought in here to have a way of investing in Satoshi and Dynasty, and as far as I can tell, they are going great guns.
Think they are fishing for an up to date valuation more than wanting to sell I expect.
The Board will be looking to start either a full or partial sale of its 27.9% interest in SatoshiPay within 12 months. As already suggested below, this could be a test the market exercise which may not lead to a sale of any % of the holding. We are expecting big things from Pendulum and everything around it in the next 6-9 months, we could see a large increase in its valuation. However if Pendulum is proven and it in some way de risks the success of DT Transfer (can it, will it? please advise) we think the value of DT Transfer success will dwarf that of Pendulum? If BLU need working capital within 12 months I hope it can be satisfied by the realisation of other assets without selling any of SatoshiPay if it projects are successful.
I think and of course it's purely an I think as nobody can ever be sure where anything is heading but this morning a million blu for 2k is a gift
I agree. i added 1.3M at 0.1938p earlier and might buy some more later.
It would appear to be a great top up opportunity that has presented itself this morning