Member Info for farhantahir

Surely there needs to be consideration of folding the company instead of the ridiculous merger on offer. Would return more shareholder returns....

I hope we still have a chunk of hodl in equivalents - potential gains are a lot higher in this area. I mean - clearly, we're in a negative market, and should be building for the future. I'm happy to take poor performance now, with highly positive performance in the future. Struggles now will make the investment case insane for the future, IMHO (and this is coming from someone that's seen 30/40x returns on some of his crypto investments in 2021).

I'll prob look to re-enter soon. I mean - I did have NAV (without increases at 14m). We sold a share in guild, but it's still trading below where I see NAV. I am waiting for 0.15-0.16 range though!

@Runwiththebullzz you can buy on FreeTrade without trading fees (spread might be higher but I didn't think so). Need a Standard/ Plus plan though.

Actually - ignore the bottom bit! we didn't get more funding! I think I need a nap.

I'd be disappointed if the share price target was 50p :/. I do see some upside. RNS does suggest it's going down the equity/takeover route. Not sure i'm keen on that..!

Plus side - we got 2.4m more from AOP..

Debt could remain an option (depending on timing). Currrent macro economics make it unlikely (but make a placing equally unlikely) though. I do wonder though - could debt be secured against assets? Or potentially - terms of royalty fees changing (bringing some elements forward/ discounted/ etc). Financial position is a bit worrying - I really want to top up here, but it's significant risk... and that's from someone that loves crypto!!!!!!!!!!!!!!

ah, thank you Dave. I must confess, I wasn't aware of that. I'm hoping we get additional funding also, soon. The product is to good to lose, IMO.

The new loan aspect does worry me... Quick calculations, but £10 million in shares at a 10% discount to todays price is 154m shares. We have 216m outstanding shares so that would be 370m shares in total. if AOP currently own around around 28m shares, they'll theoretically have 182m shares. That dilution is insane.

I'm sitting on a chunky loss in STX (bought in from 50p...), but I do like the product. Worry is, however, that we lose control of the company. Hopefully because AOP is a pharma company (and not a VC fund), the risk of this is limited...!

Yes - 2 p would be 100m MC. SP I currently value at 15 - it's probably a lot more in Q3. Future value here is insane

You need to be careful though - re. SPs value. The market cap of tokens doesn't dictate the MC of the company behind it. So Pendulum's token price being £1 won't make SP a £1bn company. But will still make SP valuable :). I've personally penciled in £15m for SPs value.

Likely increased by more - 5m was as a early start basically - they've gone beyond that.

I'm interested in the Post Year end narrative in the results. I agree the financials may not be special - but what happened in the past 5 months could be special.

It's a good share and due positive news :). Mark White is on this board - I wont disclose his username here, but could find it easily enough. :).

Nah I get it's an investment company - the only value I care about is what the NAV shows :) - I know where that's heading (just trying to put a figure on it). I've been in Blu since 2017 and likely I'll hold for another 3+ years, so know how it is. It's just revaluations. Trying to value current portfolio as it is vs what it was 6 months ago. There will be some Price Action. Can be the difference between number of shares I pick up :D.

And @Iceman888 - indeed future is bright. I hold a decent chunk of shares (it's my biggest holding by far - but a lot of that is because I hadn't adjusted for recent price action). Q3 is when this will kick off with the Dot parachain IMO. I'm just trying to figure how it works with XCM etc. Need to do more research :)

P.s. i'm expecting results to suggest some writedowns - a couple of the eSports investments will be at 0. But StHaler, SP, Leaf, NFT, Dynasty will be positives. Guild has been hit pretty bad unfortunately (but it's at a huge discount aswell...).

Yeah i'm contemplating whether to buy before or after results are released. Figures I have calculated suggest they'll show NAV at 12m as at 30 Sept 2021. I have no idea what forward statements will be put down: e.g. Post EOY Dynasty IPO talks, Satoshi pay positive news, etc...

Might just top up half before and half after - balance the risk lol... Satoshi Pay will be good from Q3 - depends how good it is on Kasuma - that will be the indicator i'm looking at. Some of my friends are massive Dot fans and when I asked them to look at Pendulum - they thought it looked good.

Anyone planning to top up this coming week? I'm thinking about what to liquidate to buy here...

I've used freetrade in the past. It's good. I got good prices in the past and Blu is on there if you have the premium one. Would recommend Freetrade and the free share offer is tasty (for referring)

A more prudent approach. The plan is that going forward they will RNS when milestones are achieved (and they have sight of those). He does seem excited!

One thing I asked for is the eSports strategy as that interests me personally. Let's see...

I personally see NAV at £35m as things stand. Results likely to have it at £13m but flawed as there hadn't been further fundraising performed. I hope there is forward looking statements in the narrative to results.