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Https://esportsinsider.com/2019/01/lets-play-live-acquires-australian-esports-company-cybergamer#:~:text=The%20site%20has%20gone%20from,another%20esports%20property%20to%20LPL.
12 million users on dynasty's platform. a lot going on that you guys don't see
I wouldnt say there are 12m users on dynasty platforms... LPL has 400k active users. They are targeting to reach 1m users with the new platform (designed, delivered and managed by Dynasty) in one year time.
As a context, Dynasty was expecting to make annual revenues of $10m in Q3 2021, hence the $50m valuation at pre-ipo raise in April 2021 was given based on that projections. With the next Saas+ revenue model implemented since end of 2021, they expect that 85% of total revenues will come from the shared revenues piece of the contracts. So, every new partnership will (potentially) bring in 4x the revenues of the old model.
I believe these deals are currently in place with Googly (India), Paidia (Canada, small), Spark (NZ, small), LPL (Australia).
The Malaysian one (Maxis) lasted 1 year and the platform shut down in June. So no more revs there.
On top you have the distribution agreements (Pioneer create games, Dynasty distributes and publish them; so far in Indonesia) for which we don't have data on the revenue generation. To be precise here, the first game was meant to be launched on IOH by end of 2022, but they took 6 months longer. Not sure about the dynamics there, as Pioneer is a shareholder in Dynasty (and BlueStar), and his CEO acquired a company (carbon capturing stuff) from Dynasty CEO not too long ago.
I suspect there could be a number of agreements which we might not know about, however the new Saas+ model demands a small number of clients as they have to build teams for each partnership.
So Id say the Saas+ deals are those that we know about, and in the background there are a number of "old style" deals (for which we get only a monthly fee), that they do not publicly disclose.
Https://www.afr.com/street-talk/bankers-dust-off-ipo-candidates-as-redox-debuts-on-asx-20230703-p5dla8
The stated key goal for 2023 was/is to place an up-to-date value on the two main investments.
But they said in the H1 review they engaged with a specialist firm to determine only SPay value. I think it's highly possible Dynasty will IPO as soon as ASX conditions allow, and so its value will be derived by the market directly (and so no need to pay a specialist firm). And apparently those conditions are improving. Would not be surprised with an IPO early next year, given the new investors from April 2021 pre-ipo round. Hoping for a $90m-$100m valuation then
tf stated valuations prior to end of year.
yes indeed london, ipo conditions are improving as one would expect at the top of the interest rate/ inflation cycle, always good to be slightly ahead of the curve and trade into the upturn that will surely arrive q4/q1 '24, for how long prior to the next "shock" who knows, however the important thing is to get it done.
i am hopeful dynasty may ipo q4 latest, we must have a ****oshipay valuation prior to q4.
as slug has repeated almost as a mantra and who can disagree with him, spay have had decades to get to this point and even now they are being forced, its almost as if they wan t to be unknown forever, most companies have a goal of ipo'ing or gauging value via one metric or another certainly on an annual basis such that one can gauge progress..... not satoshipay, they hav e missed 2 opportunities for ipo, 2017, 2021. could have easily got a listing away in those buoyant conditions.,
sadly not and sadly we find that we go full circle back to the depths.
monetise the assets,
if you get only £7m for spay stake = £0.14...
dynasty ipo at us$100m hopefully us not au$ = £0.26
which takes us to 0.4,
a great deal lower than most of us had envisaged and hoped for , such is investment,
on a positive note lets get it done and "get the hell out of dodge"
neither satoshipay or dynasty have been pushed enough to deliver in a timely manner for blue star shareholders due to the oversight of not having a board seat on either company as part of a substantial investment.
both companies, despite significant seed investment, have taken far too long to provide a reasonable way for blu to monetise their investment, some may disagree, they are welcome to their opinion !!
Well I’m just tryna connecting dots here.
Personally feeling much safer with Dynasty than Spay. spay I have no clue what can be worth, nevertheless I do think that probably nobody does. So, to me, Spay is perhaps worth the current market cap (just assuming it’s value increased somewhat in 5 years). Hope to be miles wrong of course. I don’t think they could have ipod given they barely have any revenue… again I have no idea how much is worth, and believe nobody does either. Hope is free, but any value for spay is a hope value atm. to me the company is worth 0.35p 0.40max
Also it really is a matter of: would the board sell say half of its spay holdings for £3.5m (i.e 3.5x the invested amount)? I guess they could. So that’s your potential valuation right there I think
@london
crypto (crypto related) valuations are highly subjective.
who would have suggested Bitcon would be "worth" $60,000, the emarket said it was, who are you or i to argue
same with satoshipay, if a company sees value in a buoyant market, they will pay for it, not sure the revenue matters at this stage, its about the IP.... the AMM , FX market angles ... would a financial institution purchase it all, to save reinventing the wheel in house?
Satoshipay have never covered themselves in glory, rather the opposite.... theyve covered themselves in sh5t.
they've achieved nothing yet, spent and raised a lot., however that's not to say that they cant achieve something and that some company will not pay for it.
its as though someone at Satoshipay thinks of a project and decide yes that will work, then they do the geekery and attempt to commercialise / monetise it only to find there is no demand.
if they've misjudged the FX market, then i think Satoshipay/Pendulum are done!!!
there is definitely value in Dynasty, would be good to know just how much they are "crushing it" in India.
DYnasty could/should be worth many multiples as they are selling into a massively expanding market and have the right product to do so, would be interesting to get metrics to ascertain how they are growing to give a relevant idea of multiple expected for IPO.
i don't see why TF wouldn't sell 50% Spay for £3.5m, currently carrying the whole holding at £4.9m. we have got the usual vagueness "the board believes the value of satoshiopay may have increased significantly" however TF's version of significantly may well differ from shareholders hopes for what significantly means... sadly its not likely to be multiples of...... we go back to pre pandemic days of Satoshipay being described as a sh%tfest, sadly it has proven so !!
an extremely poor return for a decade investment, on the plus side at least it will provide a return.
a few months to see what transpires.
@blu
Makes sense. Think they’ll do some sort of update in September so a couple of months to know where they are with Spay.
Googly is D’s partner in India, but is a very young company and wouldnt expect they make large revenues. That said I think the LPL deal has a real potential
It seems Lodge became Googly ceo
https://www.cricketworld.com/googly-cpl-launch-ecpl-with-25-000-prize-pool/88769.htm
Superb find LNW.
It's a great competition to be associated with.
@london
most interesting, thanks for sharing.
more to the googly than meets the eye, if you'll pardon the pun. cricket is a "religion" in india, thus if you cant make cabbage out of betting or gaming out there, then business is not your thing.
interesting to see corporate structure taking form anyway.
i'd still like Dynasty to offer terms of IPO in H2 '23, we then get valuations of both investees, such that market can make its own assessment, we then finish multiples higher than this ridiculous situation we BLU shareholders find ourselves in , AGAIN !!!
an absolutge sh5tfest of a Year after what promised so much, thus far !
If the IPO happens, it won’t be this year. If Virgin goes public in the winter and the process is positive, that would be a good signal. They were few months too late in 2022, and would guess the business value increased in the last year (although multiples are lower so I’d stick to a usd100m plausible valuation). But it’s a guess. Baxby is chairman for one reason only anyway, to ipo or sell
Alium (they bought a stake in Dynasty in the April 21 pre-ipo round) now expecting some asx ipo wave in early 24 https://www.afr.com/technology/the-us-tech-ipo-tipped-to-reawaken-the-asx-20230809-p5dv91
That’s great news London
Providing they get on with it of course
But on the other hand it’s a shame that we at BLU are once again semi reliant on what another company is doing rather than BLU or it’s investees actually doing something
Meanwhile
The suicide by instalments saga continues at Satoshipay. Now at the mid point of August and we start closing in on another payday for all their staff and directors… more money being taken off the table yet on track for delivering nothing in return
How much longer can this go on for? At this rate there is going to come a point when there is no money left
Blu is a minority shareholder.. you cant expect much activism.
same for spay. we are not meant to receive daily news, wouldnt hold my breath on a daily basis..
in a month time more or less we'll hear more from fabrizi, probably better to wait these 45 days left to 30/sept and then comment?
Believe we are still on for AMPE on Zenlink this month, space walk going live on PEN and Nabla launch ! 3 big events that all should and will increase the value of Satoshipay !
Guys sorry for my dumb ass questions
if all goes well is this still possible to get to 5p i live in hope
Could easy reach that price
Duke - its looking very close - a couple of hours ago a large amount of coding was committed in the Zenlink Pro/Zenlik interface repository titled
Merge branch 'main' into 3-update-zenlink-ui-to-include-amplitude-and…
…-pendulum
https://github.com/zenlinkpro/zenlink-interface/pull/71/commits/55125c20b198bd58ecb68aec0fb4ca7927b3584c
Fab ! Thanks Ragnarr - Not even going to try and pretend that link meant anything at all to me / but I know what “looking very close means” so I’m happy with that ! Time to get this show on the road !
Good to see a new APAC partnership/tournament announced on LPL
Do you remain of same belief that Dynasty IPO Q1 '24 @londonnorthwest ?
i really hope so... for a Year that promised so much ... it has delivered so much sh5t
would imagine TF is on his prayer mat as of now, cant imagine many communications with him from shareholders have been pleasant, even though he can do very little, he is CEO of Blue Star Capital..
the only positive is that with every week that passes we get closer to the sales process/ valuation of Satoshipay and the possibility that Dynasty will confirm the IPO they alluded to in Q4 2021.
I would guess Q3/Q4 2024 IPO on NASDAQ for Dynasty, so long as market sentiment for such things improve. But only of course if Dynasty continues with its impressive business growth.
Yet another week down the swanee for Satoshipay
I’m fed up of repeating myself
I’m fed up of repeating myself
I’m fed up of repeating myself
Can’t wait for the fruitless blockchain talk in the next two weeks 🎉