Member Info for Momo2058

VORTEX has reached the $1 million milestone in May 2025 - this is a significant milestone that indicates strong initial adoption and user engagement.

Out of the total $1 million - $507,000 worth of transactions were achieved in May 2025 - this shows a rapid increase in usage and acceptance of the platform within a short period - I wait with baited breath for the June 2025 numbers.

The Satoshipay business model is ideal for thr rest of South America - but is an even better fit for the African continent - a whole new market!!

The future for the Satoshipay products and systems looks promising: -

1. Transaction Volume Milestone

$1 Million in Transactions: Since launching in Europe and Brazil, VORTEX has handled $1 million in transaction volumes - this is a significant milestone that indicates strong initial adoption and user engagement.

$507,000 in May 2025 Alone: Out of the total $1 million, $507,000 of the transactions were achieved in May 2025 - this shows a rapid increase in usage and acceptance of the platform within a short period.

2. Market Opportunity and Potential

Growing Cross-Border Payment Market: The cross-border stablecoin payments market is rapidly growing, valued at US$27 billion in 2023 and projected to reach US$137 billion by 2028. VORTEX is well-positioned to capture a significant portion of this expanding market.

On/Off-Ramp Market Opportunity: There is a US$14 billion volume opportunity in the on/off-ramp market over the next four years, which VORTEX aims to tap into by facilitating seamless currency conversions and bank transfers with ultra-low costs.

3. User Experience and Features

Seamless Currency Conversion: VORTEX enables users to seamlessly swap stablecoins for local fiat currencies at significantly lower costs than current market rates. This feature is particularly attractive to users looking for cost-effective and efficient payment solutions.

Integration with Major Blockchains: The platform builds on top of Nabla technology and uses Pendulum infrastructure, offering a fluid user experience across different blockchain ecosystems such as Polygon, Base, BSC, Ethereum, and Polkadot. This wide integration capability enhances its appeal to a broader user base.

4. Funding and Expansion

Successful Fundraising: SatoshiPay has secured €850k in funding to accelerate the growth of VORTEX. This funding will support the platform’s expansion into strategic markets like Europe, Argentina, and Brazil, as well as facilitate further blockchain integrations.

Web3 Foundation Grant: In addition to the equity funding, SatoshiPay also received a $468,000 grant from The Web3 Foundation to advance its VORTEX project. This financial support underscores the confidence in VORTEX’s potential to revolutionize financial inclusion and efficiency in the blockchain space.

5. Future Plans

Series A Funding Round: The recent funding will also drive initial market traction ahead of a planned Series A funding round in late 2025. This indicates that SatoshiPay is actively working towards scaling up its operations and further enhancing the VORTEX platform.

In summary, the takeup rate of SatoshiPay’s VORTEX product has been impressive, with significant transaction volumes achieved in a short period. The platform’s strong features, strategic funding, and expansion plans all contribute to its promising future in the rapidly growing cross-border payment market.

To get approval of the reverse take - an EGM of shareholders will need to take place. Once the approval is forthcoming the shares will re-listed on AIM thereafter.

My best guess is that we will hear something from MOS about the EGM either next week or the week after - this guess is based on other companies that have gone through the same process - I have based my guess on the timeline for Gemfields who took 5 -> 6 weeks to go through a similar process (please note - I have not used the word “identical” - I do not want people to take what I am saying in a literal sense) - in the case of MOS the process is a bit more complicated because of cross border issues etc. (I am not going to list the steps in the case of MOS as I am not privy to the detail) - so I have made a guess and added 30% more to the timeline(s).

Following the EGM - the relisting process may take a few weeks - I am not prepared to guess how long.

If any of you are privy to better information - I would be interested in your thoughts.

Chef,

You are like a pre pubescent child squeezing their spots - you cast aspersions with the aim of spreading gloom and doom - telling people about potential pitfalls and negative conspiracies - and yet you claim to be invested in KOD - so by your behaviour you are shooting yourself in your own foot.

You have every right to post on this bulletin board - as do I and lots of others who disagree with you.

No one on this board has any more information about what will happen tomorrow - any more than you do - yet you continue to ask questions that can only be answered with either insider knowledge or having the gift to look into the future - which none of us have.

Kodal - having started in a small way - have achieved a significant amount to get from discovery to production - look at the pictures of the production plant and the pile of ore ready to be refined - they also have a customer in mainland china prepared to buy what KOD can produce - most observers would laud what Bernard &B Team have achieved - yet you indulge in your tirade of damming with faint praise claiming to be a shareholder.

You are the sort of person that most sane people would steer clear of - you are a narcissist who likes the sound of their own voice - I am willing to bet that if all comes good with KOD - you will disappear from trolling KOD to some other unfortunate company.

The only advice I can offer you is - please go out - have a few beers - make some friends - have a good life - I have filtered you out - so will not read your inane response.

Maybe a bit early to ask - but can anyone shed light on the planning milestones before MOS relist?

Https://uk.finance.yahoo.com/news/900-could-penny-share-kodal-091839839.html

Filtered!!

Can I suggest that people filter out Silverfox or stop responding to the idi0t - the mor@n is indulging in a serious bout of attention seeking.

I got the following from chatGPT - Kodal Minerals has made significant progress toward initiating lithium production at its Bougouni project in Mali. In February 2025, the company reported achieving first production of spodumene concentrate during the commissioning phase of the Stage 1 Dense Media Separation (DMS) processing plant. The initial concentrate grade was 5.53% Li₂O, aligning with their production targets. This achievement was reached ahead of schedule, and the company plans to continue ramping up production to reach the plant's nameplate capacity in the coming weeks. They also anticipate confirming the first shipment of lithium spodumene concentrate to their partner, Hainan Mining, by the end of March 2025. Given this progress, it appears that Kodal Minerals is on track to meet its target of starting lithium production by the end of Q1 2025.

Wow - life is full of surprises - I was so far down on this share at one point - I had written off my investment - luckily I kept part of my shareholding and forgot all about it - only to be pleasantly by RNS today - looks like we have plenty of upside to go.

Despite the naysayers - I have taken the opportunity to top up again today - the price will go north on the next RNS.

Sell in haste now and you will have the opportunity to repent at your leisure in future.

This is the latest from ChatGPT: -

In late February 2025, SatoshiPay secured €850,000 in a fundraising round to propel Vortex into global markets. This round attracted prominent investors, including the Web3 Foundation, Danny Masters (Chairman of CoinShares), Meinhard Benn (Co-founder of SatoshiPay), Alexander Wilke (CEO of SatoshiPay), and Blue Star Capital.

Additionally, SatoshiPay received a $468,000 grant from the Web3 Foundation to advance Vortex's development, particularly enhancing cross-border payment solutions in markets like Brazil and Argentina.

Furthermore, a €400,000 SAFE (Simple Agreement for Future Equity) funding round was completed to support Vortex's growth.

Operational Progress and Adoption - Vortex is operational and has been actively seeking funding to fully exploit its market potential. The platform has facilitated over €300,000 in EURC bridging volume, indicating a growing adoption rate.

SatoshiPay plans to roll out Vortex in key markets, including Europe, Argentina, and Brazil, aiming to enhance financial inclusion and efficiency in the blockchain space.

Strategic Implications for Stakeholder - Blue Star Capital, holding a 27.9% stake in SatoshiPay, has highlighted that the successful delivery of Vortex is crucial for maintaining the value of its investment. The company's net asset value is significantly tied to SatoshiPay's performance, and any setbacks in Vortex's deployment could adversely affect Blue Star Capital's valuation.

Market Context - The stablecoin market is predominantly USD-centric, with USD stablecoins comprising 99% of the market. This presents a substantial growth opportunity for non-USD stablecoins, which Vortex aims to capitalize on by offering decentralized foreign exchange (FX) infrastructure and local-currency on and off-ramps.

In summary, Vortex is progressing with solid financial backing and operational milestones. Its success is pivotal for stakeholders like Blue Star Capital, and its focus on non-USD stablecoins positions it to tap into underserved segments of the global payments market.

Agree - Rob / Accionista - excellent reassuring find - good post.

I have topped up again today - I expect this to go north with the next set of production figures.

To go from being an explorer to securing funding to constructing an operational plant that is close to achieving industrial production is a significant achievement - whilst navigating all the local politics.

Keep your nerve - you will be rewarded in time - sell in haste and you will repent in leisure.

I have taken the opportunity to top-up again - third day in a row - we will not see these prices in a few weeks

I hope Parry and his children come across lots of thieving baskets like him in life - they deserve each other - I hope the karma is instant - as sung by John Lennon

If Visa and Mastercard adopt Bortex - then all your worries about adoption will disappear - as per this link posted here a few days ago - https://www.vortexfinance.co/

Follow the link and scroll down - this will be huge if those 2 organisations come on stream.

Ornamental - I sincerely hope you are wrong about a placing at 0.003.

City - you are close to the company - what’s your gut feel - will there be a placing at this silly price?

Having worked in IT most of my life - the story of Satoshi Pay to me is akin to many larger software developments I have seen over the years - that started with lofty strategies and ambitious aims - then ran into trouble for many reasons (technical / bad and incomplete analysis / the hardware and systems software not delivering the sales promise / staffing issues / the business proposition goes into obsolescence over the inordinately long delays in delivery etc.) - the one thing I have experienced with many such projects is that the majority usually come good in the end - in our scenario Satoshipay will either deliver at some point or the company will be bought out for its intellectual property (there is the chance that they could go under - a lot will depend on your appetite for risk) - in the case of Satoshipay - my gut feel is that they will deliver in the end because the business case for what they are doing is very strong - there is a great need for mobile banking in large parts of Africa and I do not see any strong direct competitors - I do accept that may be wrong but I do not know enough.

It is sad that so many of us are down on our investment(s) here - this includes me - and no - I have not done any averaging down in the recent price drop for BLU shares - although I have been tempted - no point in trying to catch a falling knife.

My investment has dropped to a point where I am now happy to keep my shareholding and see what happens - it's not worth much - so happy to write it off if everything goes belly up.

Despite all its bugs and faults - the Post office is still using its Horizon software - I can remember similar scenarios in the NHS - but if Satoshipay do deliver - then all the people who remain invested will thank their luck.

I have just scribbled my thoughts above - it is not meant to be investment advice for anyone - we all take risks and have to stand by our decisions.

Good luck to all invested here.

Regards

Fair enough - my apologies for being nerdy.

This kind of post is wholly inappropriate for this BB - most people look here to get some info about a company they either follow or are invested in - you have so many other avenues to peddle your facile opinions - why pollute this space?

Why don’t you go out - make some friends - have a beer and spout your opinions in a beer garden.