Member Info for blubutton

@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.

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 !!

Lets hope so Dave !!!

Lots of stocks have now doubled or greater in last few months, whilst blu plumbs the depts.

agree with you slug, everyone invested in BLU is totally fed up with the inaction over th epast half decade.

your emotion goes a little too far, suggesting the stock is near worthless........ as with dukee's comments, there is value with Dynasty, Satoshipay too and only 3 month wait,

i was hoping for 1p back in the good old days of Jan/Feb 22, Satoshipay not up to it.

TF dare not mess this one up as he is well aware that all BLU LTH shareholders are totally fed up

You look relatively new here London

you have done a little research , fair play to you.

Blue Star has never, neither will it ever be, about Guild ( crock of sh5t) or stahler

its about Satoshipay.... disrupting FX market (Nabla), micropayments and cross border payments.

quite how Satoshipay valued, who cares, the market and its participants, will take care of that. must be many forward looking companies in payment sector who can see value in AMM , FX and cross border payments amongst other projects.

its not a Unicorn as was once touted however there is value that is not even remotely reflected in BLU share price.

its also about dynasty , the 50/50 venture in India , India is growing at 4x the pace of ANY other country in esports sector, so it would seem Dynasty, whilst remaining in the bunker on the comms front, have chosen their target geo and partner most judiciously and their execution timing seems good as it should be with that board of directors.

would rather see Dynasty IPO in H2 , seems best way to get full value for this asset at this moment in time.

cash not an issue considering partial or full sale of assets will shortly ensue.

the market can not argue with cold hard cash at bank, which will , finally, put a floor under the incredulous price. you would have to think even in a worse case scenario you could get £7m for satoshipay stake.

so at this price Dynasty is in for free, one assumes this maybe your thought process london ?

Concur with DaveTK

ZERO chance of cash raise , this was stated in last RNS and previous to that.

the company is funded until monetisation of assets, TF has been clear.

end of !!

@gazzle

me neither with the "haver patience ".....

however

if there were a time to buy and hold for the short term , its now, you have valuations before year end , 6 months...

the sum of the parts is a great deal more than this IMHO

@slug

just out of interest what do you see mid term ? status-quo ?

#mysticslug ;)

@gazzle

"i don't see the comparison between the three companies.".... no **** sherlock... i wasn't looking to compare , just making the point that quality companies and extraordinary performance can be found with larger companies too, one does not have to go to aim exclusively for that performance

trust this clarifies ?

there are rather a few "if", "could" in your post .....lol

"!satoshipay could be bought out aty a large premium"...define large...define what you may perceive they could be bought out for and what it would mean to blu ?

advise what you see as a sum of parts valuation should both companies "evolve" in line with your hopes.

"dynasty will ipo at some point no doubt"... no **** sherlock... the prize goes to he who can suggest when...

finally... "my personal thoughts are that satoshipay are not professional enough to run a financial services provider company. they seem to be undisciplined and come across as geeks with ants in their pants. i think they will be bought out."

professional enough... read your last sentence above... 'nuff said !!!!!

;~)

atb

blu

@gazzle

and of course that is your opinion... i respect that !!

i believe the market has to take note once a valuation arrives, be it blu selling a percentage of their holding to facilitate valuation or otherwise. the whole problem here is that we have not had any valuation of assets for 4 years, thus how can market offer a value, yes the market is forward looking but it needs metrics to arrive at a value.

we have a 4 year old valuation for satoshipay and 2/3 years ago for dynasty

since November last year , quality stocks like Nvidia , Tesla etc are up 2 to 4 x , BLU is down 50%

even the relatively small part of my portfolio that is blue star will not revisit AIM again.

i am sure sum of parts is still 0.4 - 0.6 but it is damn frustrating getting there !!! ; )

@dukee

you'll have a solid valuation in 6 months dukee , TF did allude to that

its difficult to believe we are revisiting the 0 . teens again, it is what it is !!

Dynasty outlook in results RNS looked outstanding, no valuation though.

Satoshipay outlook, FX in RNS looks outstanding, no valuation though

this , we are assured by TF, will change in less than 6 months.

As i have said too many times now, start getting on to Tony Fabrizi.

the more pressure you place on him , the more he decides to "break down the doors" on both errant investee's

he's done all he can for now, by starting the sale process. by the look of things the market thinks satoshipay is worth sweet FA and after 7 years you cant really argue with the market, Micropayments (cancelled), Dtransfer MIA, the golden goose (FX) delayed.... there seems to be a theme to Satoshipay after the glimmer of hope in 2022.

as for Dynasty, a.k.a Chameleon, they have gone from taking on the world to shying away from it.

if you look back at my post when we broke .28 to the downside , i did suggest we would go all the way back to 0.12 , whilst hoping that Satoshipay / Dynasty had something uip their collective sleeve, looks like we now wait until end Q3 or Q4 for the valuation process .......... lets hope this doesnt get fecked up !!

Indeed Gazzle

TF is well aware that a vast majority of LTH's have had their fill of waiting for this to come good, as both Satoshipay and Dynmasty seem in no hurry to unlock value.

hence why TF has taken the independent valuation route, and fair play to him.

@gazzle

concur !!

Satoshipay have been serial disappointers. i believe PEN token and nabla / Pendulum will ultimately prove very successful, i think TF is attempting to flush out an early buyer ahead of next upturn... he';s had his fill with Satoshipay i'm sure over the near decade of involvement.

would be advantageous to us as BLU shareholders that large investment bank or payment co maybe take Satoshipay, if it results in £10m / £15m to BLU for the stake then great, the days of Satoshipay being considered a "unicorn" are well and truly over, Satoshipay/Pendulum currently are not fleet of foot and react and move like a constipated tortoise, an investment bank would put some zip into them !!

@pensiondefecit

Dynasty raised further earlier this Year, relatively small amount, its in one of RNS's

IPO market is "reopening" , want to see Dynasty dismiss bunker mentality and IPO into H2. its time !!

@ragnarr

everything takes time, fair enough

there is always a degree of slippage in a project , fair enough.

i am very well versed in both financial markets (front office) and business in general.

you do not offer project completion timelines twice and fail to meet both, extremely poor project management and for a listed company can prove fatal.

Satoshipay have issued similar statements with regards, micropayments ( anyone remember them) and then Dtransfer which seems to have gone MIA. so the constant revaluating and reissuing of timelines does nothing for either confidence or certainty.

forgive me, i am unsure as to your market background, markets HATE uncertainty, they also do not like being promised without delivery. this is the reason , amongst others, that BLU find themselves back here.

i am less than happy with how all of this has been managed over the years., TF is doing his best , playing the only cards he has left as without a seat on either board (oversight) for the shekels invested , he needs co operation from the errant investees , which seems less than forthcoming

it will all come together, but it should have done before now on several occasions, you can only grab defeat from the jaws of victory so many times.

still believe 0.4 - 0.6 sum of parts, but they have to start delivering rather than disappointing.

this has been going on for nearly a decade now.

put lth's out of their pain such that they may reinvest into active companies that actually provide a return within a 5 year timeline.

its just tedious, never has so much potential been wasted (****oshipay could have ipo'd twice by now, 2017 and 2021), dysentry should have ipo'd 2021/22 there is no wonder the market values blu back at these levels.

get it sorted quickly tf

Market cap of £7.5m , deja vu anyone .... ;)

@johno

of course it would have been better had they managed to remain true to original timeline, such that they were ahead of the curve of any recovery.

certainly hope H2 is better than H1 for both Blue Star and $PEN , it can hardly be worse !!!

Had expected this much sooner.

is the next trading statement August?

@ragnarr

if only we could see the "green shoots" that you are highlighting, in the actual Blue Star stock price.