Member Info for farhantahir

I think it's in short supply. I have a friend who's been buying £10 a day for quite some time. Every day. Today "instant orders" via Freetrade haven't been going through. Let's see if they have more luck with a limit order..!

Terry missed this: "· The directors of Shield (excluding Dr. Christian Schweiger) (the "Recommending Shield Directors") recognise that conversion of the Shareholder Loan, and receipt of the Conversion Shares and a resulting increase in AOP's percentage shareholding in Shield, is AOP's primary goal and that the Mandatory Offer is a consequence of the Conversion."

This is EXTREMELY bullish. AOP know there's a ton of money to be made here. I'm extremely tempted to top up significantly.

People expect instant value and return. It's important to go back to what was stated in RNS' as fact: "For the reasons highlighted above, the Board believes there is significant scope for this figure to materially increase over the next twelve to eighteen months. " This was in September. TWELVE to Eighteen months. We aren't even there yet. September 2023- March 2024 is the timeframe given. Be patient.

Talk about value destruction. My couple of k investment is worth 27 quid here. What a joke.

You need to recognize market conditions are poor. I'd rather a robust IPO rather than one for the sake of it. Dynasty continues to grow - that is good news. IPO will be stronger this way.

And from a value perspective it's independent (well mainly...). There will be some potential cross impact as theres cross burns, etc. But it gets complex.

PEN Is it's own token. There is no reliance on the value of Polkadot. It's basically independent. Polkadot is basically a Layer 0 token - it's the foundations if you like from a building sense. Pen is built on top of it - if you view it like a house, Pen is basically brick work, etc. Serves its own purpose. It's how all tokens and projects work - they all serve different purposes.

The launch of the token itself won't put rockets on the share price - it's how the token price performs. Remember: Tokens aren't shares and don't impact the valuation the same way.

Dnp... That would leave to constant dilution and selling. Silly idea lol

Pointless rns? It's mandated by the LSE as a reportable event. Write to the LSE and FCA that you find it pointless.

@LTInv - nothing comes close to Bitcoin in terms of the security it offers and the decentralisation it offers. I'm not a fan of Bitcoin (and my view has long been Eth will flip it as the top MC). The very fact that XEN doesn't have the same level of decentralisation (nothing does) means it won't be the next Bitcoin. There are other projects like Kadena, ZCash, etc - but none will match Bitcoin, in all honesty.

@DH1981 - that's a pretty silly comment to make. Every investor on here is interested in his/her own pocket, you and I included. Are you going to tell me, hand on heart, that you care about the returns other make? I doubt you can. None of us can. If we truly cared about others in this world, there would be no food banks. Wealth wouldn't be concentrated in the hands of a few. There wouldn't be pointless wars. Our mentality, as humans, is basic greed.

Mark has an agenda with his posts, yes. But we all do. You're equally trying to suggest to buy Blu to protect your investment. I fully get that. Every single post on this Board (and every other board) is an attempt to reach our financial objective.

@Nightye1 SP doesn't own 100% of Pendulum tokens. That's what I want people to understand. SP is the company behind Pendulum. Pendulum itself is a token created by SP and has a different set of holders (in accordance to it's tokenomics structure). The only value that will be on SP's books is the value of retained tokens. The rest will be in the market and will have different owners. The cash that is generated from sales, etc, however is SP's (but not cash on secondary market). Complex, I know!

Value for SP again isn't derived by the value of Pendulum tokens @addisonShares. I get called a deramper for that but just don't want people to get it wrong. I'm a fan of Blu and a fan of SP.

The pendulum tokens will have a seperate value compared to Satoshi Pay. It's how crypto works. sP is the company behind Pendulum. There will be some value accrued to SP via pendulum price (e.g. via retained tokens, fee arrangements, etc). But not a 1:1 ratio. Plus remember pendulum won't be at token generation until Feb anyway (my understanding) so technically no market value yet).

@Ragnarr thanks for that. I need to look at it further. But that gives rise to approx 11m tokens. I'm just curious if it's reserved fully for SP as a company or employees of the company. Will read up on it more. It's the generation of income value and figures I'm looking at for SP. I do like Pendulum though!

@Dave I've not posted in boards as limited value and in all honesty I'm mainly into DeFi income generation and investing. I do still open it at times and not login to reply. Plus I've been in Blue Star for a lot longer than you, my friend. And it's been kind to me. I still value the company highly.

My comments aren't me thinking the company is worthless and valuation figures differ from March to now not have I suggested it's worthless.I honestly have 0 idea what SP is valued at now but yes Blu is undervalued. How much so is currently dependent on SP and how they can obtain value from Pendulum and use that to push Pendulum to penetrate the market. As a direct example, nano token is feeless. As a result, the team has struggled for market penetration. That's what my comment was suggesting. SP needs to be able to derive income from Pendulum to make it worth our while and not simply look for green candles. Building it will be expensive. I've not seen Pendulum accounts or records which breakdown costs so I have 0 idea of how to value SP and my original estimate was based in a stronger market. That's what I'm driving at. Token value can increase but it doesn't mean parent company value is instantly higher.

Take near protocol for example. They have over 500m in funds. Does that mean near itself is a 500m company? Not really. Funds are locked. Ftm has 1bn in usd. Does it suddenly make ftm a 1bn dollar company? No. That's what I'm driving at.

There's a common misconception here that SPs value is directly on a 1:1 ratio linked with Pendulum. It's not. That's what I'm pointing out.

I've been in crypto for close to 7 years now. One of the most important lessons I've learned is the need to fud your own investment. Challenge it. Treat it as if there's issues there. Pick holes in it. That way you fully understand it. I can come and give full support to Blu but there's more value in me challenging Blu. This has saved me huge figures (and where I ignored fud - I lost huge figures - doh... Argo.. lol). I just don't want anyone Fomo'ing without fully appreciating the intricacies of a business area I know extremely well.

Anyway. Over and out :).

@Ragnarr - Yes I know how crypto valuations have fallen. I have a considerable vested interest in crypto :). One thing to point out (and i've not studied the tokenomics in a lot of detail) - the tokens reserved for SP - are these directly for SP or is it for employees? There is a distinction here. And then there is also a possibility that the tokens are intended for a different set of use. I don't remember seeing anything which said it's for SP itself - so would be interested if there is anything. As I said though - i've not looked at Pendulum in a great deal.

I hope you're right about a Q2/Q3 rally in crypto markets, but I think you're potentially off! I'm more looking at Q4 or Q1 2024... :/

If there isn't a way for SPP to generate income from Pendulum, it can theoretically be worth 0 (I don't think that's the case though!).

There's a bit of misunderstanding I guess re. Pendulum. It's important to remember we hold 28% of Satoshi Pay - which runs Pendulum. We don't own 28% of Pendulum tokens. The tokens are pushed out in accordance with the tokenomics. Our value suddenly isn't 28% of total tokens in issue. It depends on how Satoshi Pay profits from Pendulum.

I genuinely don't get the focus on Mark and what Mark does. He's an investor like all of us. Focus on your own investment decision...

Is everyone currently choosing to convert to Nasdaq shares or is everyone holding off?