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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.
Think they are fishing for an up to date valuation more than wanting to sell I expect.
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.
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Huge progress made in both SP and Dynasty since these outdated valuations.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.
The only problem I can see is nick loading up at these lower prices and destroying the next rise lol
Aside from the altcoin project, does SatoshiPay have any actual revenue currently?
From the RNS: “ SatoshiPay achieved profitability in the year ended 31 December 2021 and is expected to continue to be profitable in 2022.”
@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 !!