Dynasty sale or float?10 Mar 2023 10:13
Dynasty could be one big deal away from the big time, prompting a sale or a float. Valuation is $100m minimum for me. BLU holds a 13.7% stake and will receive 13.7% of the sale proceeds. So if Dynasty is sold for $100m its $13.7m for BLU, if $200 its $27.4m for BLU.
How much money will be distributed as a special dividend how much will be retained by BLU for future investment in new opportunities? Share price would rise on news then drop ex dividend, however if SatoshiPay has continued success the share price should recover quickly. If its a float of Dynasty the issue of extra fundraising shares on listing dilutes BLU`s stake, its then either sell in the market or to a buyer for the entire stake.