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Taken from todays RNS
“Our focus is on securing an attractive offer for our shareholding in SatoshiPay later this year at which point the Board will consult with shareholders over the Company's future."
I take that as winding down BLU
Unless Satoshipay can do the unthinkable (don’t get your hopes up)
Dtransfer was mothballed -so again, although I was shot down about that at the time - I was right about that also
The writings on the wall
Taken from the 15/11/23 RNS…
“It's the Board's belief that while SatoshiPay has made significant progress in recent years, it would benefit from an investor better equipped both financially and strategically to support SatoshiPay's aggressive growth plans. The Board will update the market on this process in due course.”
Why do they need more money ?
We’ve not had a substantive update on Satoshipays shenanigans, so the in due course part is nonsense
Taken from the 16/01/24 RNS…
“Benchmark has advised that the initial reaction to the investment memorandum has been encouraging and the Company Is pleased with progress to date.”
Pleased with progress? What progress? It’s been over 2 months since that RNS and heard nothing since.
No matter what they are, desirable things don’t take this long to sell
It’s time to shut up shop and call it a day. These numpties aren’t doing anything in a month of Sundays. Years, and years, and years of producing f all
Wasn’t March supposed to be heralded as the month when they deliver ? Yes there’s a few days left but there’s little chance of them bucking the trend of their shambolic performance
Taken from 28/09/22 RNS
“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.“
Note within the RNS how Dynasty was listed BEFORE Satoshipay
Pendulums 2023 roadmap Q3 has ‘Audit’ as a completed task. The more I think about it the more the audit likely showed they had nothing of substantive value, hence the radio silence.
We are racing towards the end of Q1 yet still, their H1 2024 roadmap has nothing marked as complete.
I said the exact same at the end of Q3 and Q4 2023.
They can’t even be bothered to segregate their roadmap into quarters… just H1 and H2. Not exactly a difficult job, is it?
Don’t tell me - we’re looking at yet another week down the swanee…
I’m not selling now
I’ll go down with this ship in a blaze of disappointment
Tony’s pledge to the market in September 2022 has 11 days left
He’s running out of road
You’re full of if’s but’s and maybe’s hobsy
Satoshipay holding their 2019 valuation?
If they were asset stripped for parts they’d have not much more than a few powerful computers along with a few desks and chairs
I’ve picked on you only a couple of times this year - hardly an obsession, so don’t flatter yourself.
The purpose of this board is to discuss the shortcomings of blue star capital and its investees
It’s a mess
Hobsy are you still going for your 2p in 12 months which you claimed in November 2023? It’s a stark contrast from what you’re saying today
We are dying a slow and painful death here
Satoshipay just talking about tech and taking over the world, without anything business related whatsoever
Everything sounds great in theory, but theory without application and execution is not going to get them anywhere
Twitter post from pendulum a few days ago
7:31 am · 10 Mar 2024
“GM Pendulum Community ☕️ 🌅
Which projects do you think we should partner with? Let us know in the comments below!”
If they are having to ask this question publicly, then it demonstrates that they have absolutely no idea what they are doing.
Oh and zero comments - some community that is!
‘Tony was the architect of this and if you recall a few years ago we almost became Satoshipay by way of a proposed reverse takeover to use BLU’s listing. Perhaps we should dust off that plan!’
Never have I read as much nonsense in my life as this
1. Tony is not an ‘architect’, it was a ridiculous error of judgment which wasted nearly £200,000 of company funds. Of which they had to do a placing and shareholders were diluted… & so you know I’m not talking out my backside it’s on the RNS from 24/1/19… oh and that’s when we had only 1.9 billion shares in issue.
2. Suggesting revisiting RTO… What has changed with Satoshipay? They still aren’t making any money. They are just shuffling money around between companies to make it look as though they are profitable. I mean… Pendulum paying Satoshipay for tech development? come on ffs.
3. “Perhaps we should dust off that plan”…. Yeah great comment… my first question is…. Who’s paying for it?
The first thing any regulator with half a brain will be looking at is how the company makes money… so Satoshipay fall at the first hurdle - Satoshipay are not making meaningful money from their core business. you can forget crappy micropayments… micropayments is micro revenues.
All they doing is just burning through cash at the rate of knots and producing nothing in return. I don’t know how the set of clowns are still in business.
Perhaps they did obtain a valuation last year, but it wasn’t anywhere near their lofty, over inflated 2019 valuation. An ‘inventory’ was marked as completed in their 2023 roadmap. Considering they were valued at circa 20 million in 2019…. 20 mil… for what exactly? A few powerful computers and desks ? To me more like a couple hundred thousand euros tops… and that’s it … because the rest is the emperors new clothes - there’s nothing there!
This is absolutely last chance saloon
In before someone tells me to ‘be patient’… lol
tomtomtrader
agree on tony’s buying of stock
he doesn’t seem ****d, very little interaction from him so far this year
no interviews, podcasts, anything
at least before he used to show his face every now and again on proactive investors, directors talk, etc
it’s like he’s given up with it
The thing is 888, you bought in years ago for Satoshipay - for their micropayments idea I can only presume - as that’s all they had. They have pivoted several times since then and changed their story
The only successes I see to date are as follows
Listing of pen
Winning bid on kusama
pen token raise
Surely you listened to that interview with allincrypto - would you agree to say it was all about tech and very little substance on actual business and how they are actually going to make money ?
There’s a reason why I keep saying they are promising jam tomorrow as their fanciful ambitions never seem to materialise
It was around 4 years ago when meinhard was saying they could be bigger than PayPal
I made a comment last week about us going to 0.05
we are even below that now
ffs
I hope we don’t dip further to 0.01
News required asap
Come on tony
I’m over 80% down…
This is only going one way I’m afraid
Satoshipay need nabla live and functioning immediately
But let’s not forget that only back in November an RNS release updated the market saying that Satoshipay need an investor with deep pockets - or words to that effect
When are they going to buck their own trend of doing f all
This sentiment of this board for the past few weeks shows that holders/posters have just about given up defending them
All whilst Bitcoin is at $73k and the crypto bull run is in full swing
If they can’t get things going in this environment then we are stuffed
Oh dear , dynasty I thought would be out saving grace from Satoshipay
It would be wrong to assume that Satoshipay has increased in value since their last raise in 2019
Maybe they did get a valuation, but because it’s gone in the opposite direction they have kept quiet about it because they don’t want to embarrass themselves further….
I didn’t want things to go from bad to worse here but it appears as though they have for BLU
Tony’s self imposed deadline is looming
And 888… yeah… keep telling yourself that.
their performance is more shambolic than dynastys
Satoshipay are profitable 999 but only by shuffling money around themselves. Robbing Peter to Pay paul if you will. Pendulum pay Satoshipay for something... I can't quite remember what. The money which is shuffled around is from their fund raise a year or two ago where they raised a few mil.
It is more investor money poured into the pot, not revenue and profits they have generated themselves.
Benchmark have been about as useful as Satoshipay and Dynasty put together.
There were other posters here say they've seen the investment memorandum and that it read well...
Unfortunately, it cant have read that well because there is no sign of any interest whatsoever.
Hot property, whether it be a house, car, tech... always sells quickly. Benchmark have had Satoshipay for at least 4 months (they had involvement well before the 15 nov 2023 RNS).
If we havent got a valuation for Satoshipay, do they even know what price they are asking? It's like the blind leading the blind here.
In summary: Blu have been left holding the baby... They are unable to pass it on themselves, so they've employed Benchmark to do it for them... and even they can't pass it on!
They say a high tide raises all ships…
I think satoshipays rowing boat is still on land - they haven’t worked out how to get it into the water yet!
Yes the 2 year comment was tongue in cheek, however not entirely satirical because it’s not far off how delayed they are on each project they set their sights on
Ragnarr - I’m sure you mentioned the crypto bull run would be beneficial for us… bitcoins just smashed through its all time high
What are we doing still languishing at 0.07
That failed RTO you speak of - I remember vividly
I think that not-so-small slip up cost BLU around £250,000, of which if I remember correctly, shareholders had to stomach the loss in the form of dilution
I think it was at that point I started to question what was going on at Satoshipay - & that was 5 years ago !
Absolutely Keith
First it was Satoshipay
Then it was Dtransfer
Then it was amplitude
Then it was pendulum
Then it was nabla
Now we’ve got pendulum pay.
I’m that far underwater with this drivel there is just no point in selling for what micropayment id get in return. If it goes to zero it goes to zero
Surprise surprise, they’ve coined a new business name… Pendulum Pay
Let me guess… Pendulum Pay is essential to be able to get the whole process to function….
I suspect they’ll forecast it’s going to take 1 year to develop, but will realistically be dragged out for 2 years to milk out as much cash from the business as they can.
By that time they will have munched through the majority of their funding so it will be time to go cap-in-hand once again for more cash
Rinse and repeat. Whilst the starry eyed Satoshipay fan boys will sit there in awe thinking their latest venture is the best thing since sliced bread, not realising this is around the fifth or sixth time they’ve pulled this nonsense.
We are now already flying towards the end of Q1 2024 and I think the film Schindlers List has got more colour in it than Pendulums Roadmap.
Some posters argued with me throughout a lot of last year saying things would improve. Yet here we are, stuck in the mud at 0.07p
Perhaps it’s best for my counterparts not to make light of my posts considering my proven track record of being correct.
Oh… and itlooks like yet another week down the swanee