Member Info for blubutton

With the crypto market thawing, this could really help with the n umber of suitors and price for Satoshipay.

i for one think what dynasty have done makes sense, rationally thinking, going into strongest market with strongest partner, they pivoted away from telco's , thats business, adapt or die !!

it puzzles me a little as to why they did not announce as part of merger an IPO, and raise funds as part of that, guess IPO market has not thawed to that degree yet. lets see what happens when it does !

Its illiquid , not sure if TF has managed to sell off Fingopay (it was identified as non core)

TF must be getting lots of irate shareholder calls/emails at moment, so we will probably have to wait for results for update on holdings

next news end of month or before with dynasty / googly merger, time for them to steady matters with a few new contracts as proof of merger concept

@davetk

"1-2p target by March, then I'm out :)"

i would moderate your targets, lol

maybe prefix with a 0.

@davetk

very much look forward to that happening.

only news or valuations will offer provide a rerating, i am a buyer ahead of that, doesn't take long to double once the volume comes in, however a doubling now only takes us to 0.15, £7.5m market cap, its a start though.

1.. Dynasty/Googly merger and deals

2.. Satoshipay/Pendulum launching FX

3.. Satoshipay valuation/ suitor news.

we are slaves to market and sentiment until such time as any /all above reach fruition.

I would expect with all information provided that contracts will come thick and fast for Dynasty. would seem Googly was the kingmaker, they have the contacts and inroads to indian market, Dynasty decided now was time to, act or lose Googly.

BLU will turn very soon and we should see a steady move back towards 0.2 after which a move to TF warrant price. much of that will depend on satoshipay valuation in March or indeed before.

would imagine Dynasty/Googly will advise as to new contracts when merger details offered to market this month.

Dynasty / Googly Merger

once we have seen the terms of the merger would it not be an idea for these guys because of their growth projection to IPO as a merged group on the Indian Stock Exchange?

There is even a little more to it than that hobsy1

BLU don't have to accept any of the bids that present as a result of the benchmark process .... a crypto bull run is allegedly on the way, how would you expect this would affect the value of Satoshipay /pendulum & Nabla and its IP ?

the smart thing Fabrizi has done here with Benchmark is force a value , either way, for Satoshipay as of March 2024.. then it goes forward from there based on sentiment and market conditions.

i don't believe that Dynasty or Spay are dead ducks, one thing i am sure of is that they are cumulatively worth a great deal more than £3.5m, which is currently, incredulously, the mkt cap of Blue Star Capital

someone tell me if you add together the value of Satoshipay and Dynasty as of last results what is the NAV ?

even though Satoshipay?pendulum do, infuriatingly, have delays with their projects, do they have more intellectual property and partners now than in 2019?

if you think along these lines on a rational basis you maybe arrive at a similar conclusion to me

dont get me wrong i am massively pi**ed off we are at these levels once again, only valuations will negate this crazy activity and personally i believe Dynasty have chosen well from the perspective of country and merger partner at the right time.

Satoshipay/Pendulum need to get what was promised for 2023 launched, namely Nabla , Spacewalk on Pendulum and Polkadex. this will add value too.

TF can only advise these guys on what will add value to their company, he can not force them, however he can make a nuisance of himself with Satoshipay as we do own approx one third of the company.

Https://www.linkedin.com/pulse/esports-india-its-future-resilience-esports-india/

"its always darkest just before dawn"

i understand the anger and fear on here, its palpable, understandable and its expected.

the Dynasty RNS was not necessarily communicated in the best manner, but which BLU RNS has been , other than the Meinhardd Ben and Fabrizi Dtransfer symphony of late 2021 when they both waxed lyrical over the "hit product" Dtransfer.

BRING BACK Dtransfer , should be the clarion call. ;)

look guys, Blue Star is worth much more than £3.5m ..... on a bad day should be able to get that for Satoshipay.

Dynasty pivoting away from Saas to subscription, doesn't seem to have caught many positive minds in the first instance, depends on what deals they have and can do in India in the coming several months, i suspect quite a few, hence the sense in merger.

would seem people selling in droves, until the last seller is gone, then we will see what value is in the company.

its been an absolute disaster of a Year for TF and BLU shareholders, however , to my mind at least, there is value here.

if it ends up as 0.2 or 0.3 , or even if TF gets to exercise a few of his warrants , don't think too many will complain if we get there.

still amazes me that 0.3 is only £15m market cap. expectations were a great deal higher only a short time ago and it takes only one product, just one, Nabla/Pendulum/Dynasty sales/contract wins..... to gain traction , or even be launched in Satoshipay /Pendulum case ;) --- or Dynasty gaining sustained momentum via contracts in India, i can only think the merger makes sense from a strategic sense not a survival sense, its a shame the RNS was not articulated this way. writing RNS not Tony Fabrizi strong point, he lacks positivity when there should be.

i'll leave you guys with this from the RNS;

"Dynasty's platform has now moved to a single code base, meaning time to launch in new markets has been reduced from at least nine months to one month... Superb, more customers, bringing revenue quicker ..

Dynasty has stated that their management team believes it has built the leading and most comprehensive gaming/esports platform globally"

the market is pricing either satoshipay or Dynasty at zero.

to my mind BOTH are at least worth 0.1 each, i was a buyer yesterday.

i believe TF will deliver Satoshipay valuation, its not exactly a high bar is it ?, Satoshipay only has to be worth £3.5m and the share price has to rise.

"buy when there is blood on the streets"

good weekend all.

Time for the price to take a move higher.

at pessimistic levels

Satoshipay worth 0.1 or above.

Dynasty worth 0.1 or above

time for the market to rethink pricing.

Dynasty have pivoted on a required basis and have done it early, time to market for new clients reduced from 9 months to 1 month, thats exceptional.

Cash flow positive no later than July 24

merger with Googly makes sense.

would have been good to have concrete dersl to support this.

however the overiridnmg equation here is that Goolgy and Satoshipay are worth multiples of what the market is pricing here.

A launch of Nabla and Spacewalk on Pendulum should get us back to the 0.2's

Many thanks again Ragnarr

i am aware of the 2% issue with Dtransfer, i've been over many of the minutiae here many times with my research . the fact remains it WAS a provider of revenue, the lifeblood of a business

you take my point, anything that is actually revenue enhancing, Dtransfer was most certainly the only entity , to my mind, that provided meaningful revenue to Satoshjipay. the micro payments, whilst a fantastic idea was not revenue enhancing,

i still believe in micropayments even now , sadly the old guard media would rather hide being an antiquated paywall.

but i digress, i believe like you that no issue exists with Spay accounts, something is causing the delay, we will await as to what it is, i suspect a further funding round, which in itself would offer a valuation that TF has now commenced with Benchmark.

back on point, to remove something that was revenue enhancing seems illogical, and even if they did remove it , first priority once you have completed the much delayed bridge is to reintroduce it (on your testnet Amplitude)

we need to see Spacewalk on Pendulum and Nabla operational prior to Year end, this will awaken the slumber and cease the deep dive of the share price and begin to offer a bias to upside momentum.

this sad episode, that has been BLU in 2023, could and should have been curtailed with a firm stick to both Spay and Dynasty to get their house in order. they are doing now, but its taken 12 months.

unacceptable !!

there is most definitely substantial value here in BLU, but one way or another a catalyst must be provided to facilitate upside momentum.

look forward to your thoughts.

@ragnarr

many thanks

the fact that Spacewalk has suffered more than two delays this Year is not lost on me or others on this board.

i did refer to you as the crypto expert of this board, which may offer a different take to you ;)

lets settle on crypto knowledgeable, i trust that suits.

this aside, thanks for the example. if you have done the case study, did they suffer the constant delays that we have endured with Pendulum this Year?

you are an investor in BLU hence have done your research, what is your take on Dtransfer, why sideline a product that was hailed as a hit product in 2021 by Benn and Fabrizi via RNS.

it would seem logical that anything that facilitates revenue , Dtransfer did, as in your Synapse bridge description, thus would have provided fundas and profitability and a better valuation, there was no downside to Dtransfer, hence i fail to understand the sidelining of it.

cutting a revenue enhancing product is fiscal suicide.

interested in your thoughts.

@ragnarr

as the board crypto expert, what is the value of the Pendulum bridge in your opinion?

one assumes there are other examples of crypto - fiat bridge that have been executed better than pendulum that have produced good value to the parent company.

what is your take on the value of the pendulum bridge? its a near impossible task ?

i am doing my best to create a worst and best case scenario for Satoshipay value. of course its very much market sentiment driven and one wonders would Stellar be a buyer of Satoshipay/Pendulum?

if a buyer does not show their hand on this occasion , then Satoshipay will need further funds mid 2024, when one expects the crypto market sentiment to be much better.

early work suggests for Satoshipay, pessimistic valuation of 0.1 , optimistic (at this time) 0.15

Dynasty, until they break cover with what they have been doing, what they have achieved and what their plans are, can only go by 0.15-0.2

optimistic valuations in this bear market will facilitate TF being able to exercise warrants.... ; )

best not to forget that the value of the assets will go up as both achieve more, i.e when Satoshipay get a wriggle on and basically get the Pendulum roadmap achieved, including Nabla and Spacewalk on Pendulum.

my musings for what they are worth !

@ragnarr

lots of tech has that history, see your point though.

in 2000 many analysts could not see how SMS/text messaging could or would make revenue.

we all know it made huge revenue

our crypto interests here are $PEN which shows just how bad crypto can be.

on the plus side, it is actually trading, Satoshipay/Pendulum have monetised something. albeit not quite as we hoped.

@slug

a company does not have to be profitable for it to be valuable. amazon (yes i know, compare apples with apples...lol!!!!)

it is still my belief that satoshipay is valuable for its ip and its infrastructure and business relationships.

they are never going to win any project management awards or "meeting of timeline" awards

however, they have created the bridge between stellar and polkadot / fiat , this is valuable.

they do have dtransfer , this is valuable (though invisible at present)

the lending d'app , which ragnarr, has mentioned, i have heard others mention too, could be very valuable

there are a few items that forward looking institutions / payment providers will look at when running the rule over satoshipay and pay handsomely for it , in order not to have to reinvent the wheel, an i dont doubt they could be sharper to market than satoshi pay / pendulum (lets face it who couldn't be sharper to market)

tf has always stated that satoshipay are hard to value, they should not have been hard to give a kick up the **** to though, this year has been unforgeable for both dynasty and satoshipay newsflow, its a disgrace and tf knows it (believe me)

we must have dynasty news soon,

dynasty + satoshipay must ,ev en at most extreme pessimism be worth , cumulatively, 0.2 , so blu market cap £10m

as to an optimistic valuation..... well blue star and optimism is now purely an oxymoron, there is no reason to have optimism any longer.

with regards the investees dynasty and satoshipay

get them valued

get them sold

get proceeds returned to long suffering shareholders

no more shenanigans with any corporate garbage, i've got much better places to put my blue star proceeds now, but no way at 0.1.

get it sorted tf.

@slug

i think your satoshi bashing maybe goes a little too far , though i understand your frustration.

Satoshipay have some great products, the FX Nabla is / could be incredible, however they need to be launched to produce revenue, for far too long Spay have been interested in the tech not the business, they need revenue and have been told so.

i think an investment bank, payment company would soon whip these guys into shape, lets see them miss a milestone then.

Satoshipay alone have to be worth more than 0.1 to BLU, so do Dynasty.

its been a long long road with this serial underachiever, i would not be averse to getting a valuation on both and being rid of the BLU ticker in my portfolio once and for all.

there is lots of blame to go around, everything Satoshipay, Dynasty arguably misleading investors/poor newsflow, delays, TF issues, Del Boy Issues.

such are financial markets.

anywhere between 0.3 and 0.4 , 0.4 is only £20m market cap, many had expected Spay to worth this to BLU alone. not going to be so.

communications and progress have been incredibly bad this Year, that's on TF. he should have pushed the companies harder, he sold all of his stock in the rally of 21/22 thus one could question , does he have the owners eye?

misleading info from Dynasty in 2021, that they "anticipated floating on ASX within 12 months and had no need to raise further funds", 2 years on , with zero from them this Year. obviously they have not floated, we don't know why or what the next plan is.

all i can say on a positive side, is that the cumulative value of Dynasty and Spay are worth multiples of where we are now.

if neither company wishes or wish to delay valuation then sell our holding to their competitors (if they want it, this is the sharper end of business, but we are only interested in BLU value, who gives a damn about what Spay or Dynasty think), that will focus both Spay and Dynasty.

if TF cant do it, give Benchmark Dynasty holding to too ... time to focus on BLU returns.

TF under massive pressure here, time for him to deliver something after all this time, he is not salaried, however he made coin from his shares and will benefit from exercise of warrants at 0.35 +

time to get all assets valued , sold and returned to shareholders. the merry go round has to stop.

message ends ------

@steamy

i really have no clue who it is.

Del Boy only had 200m shares, more than that has been sold over last several weeks in the size and regularity seen of last couple of days

@bobsson

strange conclusion.

wouldnt say its white flag, BLU have flagged this for many months, if you have made a n ROI and have been awaiting a suitable time for valuation, then as the Satoshipay / Pendulum project launch nears completion, now would seem the best time to flush out a valuation. there is at least then a recent metric on which to gauge progress if no sale, or pass Spay onto another investor having made a reasonable return.

the BLU Spay return Valuation at £5m = 0.1 for BLU , £10m = 0.2

i do agree that Satoshipay should finally start to hit their milestones with Pendulum/Nabla/and SpacewalkonPendulum ... they have not thus far and the next milestone for all of them is in 4 weeks.

Dynasty could prove the same, though they at least have a product to market and revenue.

lets put it in realistic terms,

even on a worst case scenario (my WCS at least) if Spay is only worth 0.1 and Dynasty is only worth 0.1, you still double your money from here.

there are much better outcomes that could be argued, we now await valuation and updates from Dynasty.

of more interest , short term is , who is the seller ?

if there is a future announcement that would offer advantage to the instigator of this selling activity, then the FCA should be eager to investigate as they now have 2 days of trade and price action to view which can not be argued against.

Great news on Satoshipay, approach all potential buyers ahead of crapto bull run, and FINALLY gain some semblance of a valuation. BLU is under no obligation to sell, this is merely to finally flush out a valuation.

now we need update on Dynasty, they have to be crushing it in India?

Im not even sure its about a satoshipay sale of the 28% , i rthink its m,ore a way to flush out a vluation to be fair.

if someone bids y for 10% then one can apply a figure to the whole and thus translate over to stock price.

one of the 2 investees , before now, should have placed a floor under the price, TF was most excited about Dynasty, sadly neither has, as both have either been in a state of silence or development, neither providinga valuation scenario to facilitate said floor.