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I don’t need to watch the video again. As I said, my opinion is the sandbox application has not been submitted four months after the appointment of Pinsent Masons and in that RNS it states “further announcements will be made in due course” and they haven’t as yet apart from “the application is progressing” NOT the submission. It’s another process that may drag on for months in my opinion unless we get a detailed and positive update RNS
The PI interview from 28th Sept or have I missed a more recent one? This is the issue with poor comm’s; did they mean the advising on the application has made progress or the application has been submitted and has made substantial progress?!
KDN, in the RNS 20 Dec it stated “ The Pinsent Masons team have been advising on the application to the FCA, which has made substantial progress, including refining GS Fintech's stablecoin business plan and ensuring the proposed technical and operational procedures are compliant with all electronic money and relevant payments regulations in the UK”
I read that as the application hasn’t been submitted yet
Taken from the last update 31st Oct so approx 50% decrease in NAV in a month according to wadogaras post. The NAV is £6m with potential future upside from Satoshipay and Dynasty
In summary, the existing esports portfolio has a combined cost to date of £2.375million and taking the proceeds raised from selling approximately 1.5 per cent of the Guild position and the current carrying values of the remaining Guild stake of approximately £600,000 and Dynasty (applying current exchange rates) and ignoring the remaining six other esports investments, has a combined value of approximately £6.70million which equates to an unrealised gain of around £4.35million.
Minus halving of Guild SP since = £6.4m versus a mcap of £6m
I seem to remember Blubutton calling someone a PEASANT for asking him or her to stop his repetitive messages about DL having to go. Since TFs appointment the SP has continued its decline and absolutely no positive news yet.
Why hasn’t the CEO TF bought heavily to show his commitment and confidence in Blu?
Looking at the directors trades he was pretty quick to sell when he was ousted but not as quick to buy when he was re-appointed
Taken from the last update 31st Oct:
In summary, the existing esports portfolio has a combined cost to date of £2.375million and taking the proceeds raised from selling approximately 1.5 per cent of the Guild position and the current carrying values of the remaining Guild stake of approximately £600,000 and Dynasty (applying current exchange rates) and ignoring the remaining six other esports investments, has a combined value of approximately £6.70million which equates to an unrealised gain of around £4.35million.
Minus halving of Guild SP since = £6.4m versus a mcap of £6m
If it’s MW to continue buying TNT the selling won’t stop until he’s sold his way through 350m shares or the second tranche of funding is announced which is scheduled by the end of Jan so it could go on for weeks yet
I agree with both posts. Blu is an indirect investment in two independent businesses that have no obligation to keep indirect shareholders informed of strategy, P&L, balance sheet and cash etc which evidently means no communication with Blu shareholders; we heard nothing more than a few contract wins from Dynasty in 2022 and nothing but tweets from Satoshipay. The 13 potentials new contract wins and IPO Dynasty announced in the interview with Lew last November was just brushed under carpet. I was a big advocate of Blu but glad I reduced my holding before the SP went sub-0.20 but at this rate I may buy back at .10/.11
Two great posts thank you both. So M&A, regulation, KYC and money laundering are the some of the underlying messages in those stories so it’s fortuitous we have a fintech business that could be an acquisition target, a stablecoin backed by fiat currencies and a neo-banking solution awaiting acceptance to start FCA rigour which has KYC and ant-money laundering modules embedded into it. The future is very bright IMO
Total shares in issue 1.5bn
Shares NOT IN PUBLIC HANDS and owned by management 43% or 658m
Shares IN PUBLIC HANDS 57% or 842m
It’s sad to hear an audit partner passed away but in the context of this and any other business, management will instruct a new auditor most likely in the UK and in the same league as Pinsent Masons who will guide GST through to FCA approval. IF we get FCA approval we will be the first listed firm to market a FCA approved neo-banking solution which means COAL stable coin will also be FCA approved and we own 100m or 1%.
In the short-term the FX platform will be launched at the same time the crypto exchange is being tested.
So, a crypto exchange, fx exchange and neo-banking solution all backed and managed by Jack and Shane and a BoD that owns 43%. I look forward to a blue week ahead and back into the 1s
You may want to look at Blu which has been decimated by one of the two major shareholders to buy into TNT. The other is a major shareholder here too and it seems he has a high opinion of TNT. Just an observation of quite a coincidence