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I've bought more when new shares have been issued to maintain my percentage holding within the company but when you factor in years of inflation on the pound, my holding is worth even less... Same applies to everyone here to an extent, depending on what price one bought at and how long they've held for.
Looks like yet another week of no news...
Tony needs to give our investees a good kicking, the evidence suggest they appear to be incredibly lazy.
I know no one more than Tony F would like these investees to perform. Its about time they stepped up a gear because they are letting him down big time.
5 weeks...
That it may be
But it’s not where a shareholder of 6.5 years like me wants to see the share price
The businesses are meant to be moving forwards, not backwards
However let’s stop splitting hairs
Regardless of whether the bid is 0.07 or 0.08, it’s still atrocious
Apologies it was yesterday or the day before
We had* dropped
Nothing to do with Satoshipay unfortunately
We have dipped to 0.07 on the intra day bid price so we are currently testing all time lows
No doubt major holders here have seen the vision of Satoshipay and the potential of what they are able to achieve, but that hope has perhaps dwindled due to their lacklustre performance
The stock market is the transfer of wealth form the impatient to the patient, this is why we urgently require some substantive news to build investor appetite and with that new buyers
We must be reaching equilibrium soon, however I am concerned if no news by end of next month hats Tony’s pledge to the market failed and with that the price may fall further
A Satoshipay sale… I like the sound of that !
Ragnarr,
When you say dedicated leadership - are we talking about the same company here… This is pendulum who have missed pretty much every single deadline they’ve set on their roadmap.
My side of the coin is based on their fundamentals - do you have any more to elaborate on your point about them being dedicated rather than just your word?
For a lot of people in the crypto space, crypto becomes an obsession for them - no doubt these guys are the same but just because someone has an obsession with something does not necessarily mean they are good at it
please don’t use the ‘blockchain is complicated’ get out of jail free card. I accept blockchain and cryptography is complex and in its infancy, but in a sense it’s not really is it … cryptos have been around for almost 15 years now
NtD
Also in response to your earlier post, whilst I agree with you on the fact that they should be going to different parts of the world, forging business partnerships and signing contracts, are they really doing this ?
It’s one thing going out there and winning business, but it’s another just to go for a jaunt and meet like-minded brainwashed crypto geeks to ratify each others opinion about how blockchain is going to take over the world - it’s the life of Riley for them
Honestly , I think these lot are just out for a jolly
The reason I think this is because of all the previous overseas excursions they’ve done before the Brazil trip… Kyiv, Dubai, Switzerland, Mexico, (I’m sure they also went to Tokyo within the last two years) just to name a few, absolutely nothing whatsoever has come of any of those visits
no wonder they are looking for an investor with deep pockets (November 2023 RNS)
flights & pints & all expenses paid, courtesy of the company coffers
Thanks Ragnarr, however quite a few of the points (albeit in their words) are just the basics of how DLT works
I have no real queries on their tech, perhaps because it’s took them a bloody age to allegedly perfect what that are doing- it’s moreso the business side I am concerned about - who their clients are going to be - what contracts & payment corridors they have lined up to actually start generating substantive revenue themselves.
If my memory serves me right they had an attack on Pendulum on 12/4/23 as I remember the PEN price crashing momentarily on this day - as long as they’ve learnt from that mistake then I have no qualms with what happened.
I note the point other posters have made about Satoshipay not having to reveal their hand, 1) because they are not listed and 2) so that competitors won’t know what they are up to, but until that substantive news hits, it’s still a case of the emperors new clothes
Yes ntd
Partly
Im 60% down
I’ve waited over 6 years so may as well sit it out now
You clearly didn’t read the second to last paragraph in my last post
Contd…
They’ve spun us a yarn in the past about how many clients/customers they’ve got lined up for their next hit product, & with that in mind, I’ll be very skeptical about any information provided from them to BLU and subsequently released to the market.
And yes…. In before anyone tells me to sell… I’m not prepared to sell at a circa 60% loss
Let’s see where the price is at the end of March, because at that time, Tony’s self imposed deadline is up
There hasn’t been anything really convincing released by the company within the last 3-4 months, nor have any perma-bulls on here given any substantive reasoning to suggest things are going to progress anytime soon. Wild price predictions into the pennies with no justification to back it up do not count.
The RNS releases which came out in Q4 of last year really were the best Tony could come up with. Tony’s objective in 2023 was to obtain valuations for our two biggest holdings. We are almost in March 2024 and we don’t have valuations for either of them, despite Dynasty recently raising funds.
Satoshipay might be well funded from their grants and raises but the fact of the matter remains that their expenditure has been out of control for years now.
I’ve said this before but a case could be made that because their cash balance hasn’t been ‘earnt’ through hard graft, they have an ‘I don’t care’ attitude towards their spending.
Like a spoilt brat being given their daddies credit card
And don’t tell me they are in early stage development… it’s Satoshipays 10 year anniversary this year… 10 years of handouts and little by way of results… no wonder we’ve had this constant selling pressure
I maintain my original viewpoint from December. If Satoshipay was hot property, benchmark would have had some interested parties by now.
Sod benchmarks prospectus on Satoshipay
I’ll do one here
FOR SALE
- Business which specialises in creating products which there is little demand for (taken from Glassdoor review)
- Comes with a big monthly cash burn (30+ staff noted on satoshipays website)
- No meaningful revenue streams (they’ve got micropayments, that’s it, micropayments = micro revenues)
- Hugely behind on roadmap and business milestones (check pendulum website to see that)
- Specialises in dragging out projects in order to take as much investor money off the table as possible (nabla is what, at least 12 months overdue)
- No evidence of strong leadership (if this next offering is the next big thing, why isn’t their leadership shouting from the rooftops about it?)
- Haemorrhages cash on pointless excursions abroad (Brazil trip last year to name one)
- Promises jam tomorrow (check Reddit/Twitter pages)
- (Speculation) We have no asking price- Make us an offer (open invitation to time wasters)
You get the picture
Some time ago, for a while we did actually correlate with Bitcoins price
When Bitcoin was $30k, BLU was 0.3p
When Bitcoin was $20k, BLU was 0.2p
And so on
However the massive divergence we now see is worrying
Bitcoin $52k, BLU is 0.08p
Whilst we have no tie ins with Bitcoin whatsoever, like it or not, Bitcoin is the lead indicator of the crypto market, as is gold with the commodities market
When mainnet? And when it arrives, will it impress Mr Market?
They’ve spun us a yarn in the past about how many clients/customers they’ve got lined up for their n
Appreciate the acknowledgement 999
And as yet another week draws to a close with no substantive news, ill hang my hat on the usual and appropriate tagline
Yet another week down the Swanee at Satoshipay
Think most if not all are underwater here momoni
It’s a bit of a touchy subject for some though as they can’t handle when I mention how dire the situation is here
There is no investor appetite
But we do have March - and we’re apparently getting Jam in March
Momomi - yes we are according to the rampers
We are allegedly heading for the dizzy heights of 2p, 3p or 5p
All while Satoshipay are globe trotting and constantly falling short of their roadmap
Satoshipay don’t care because it’s not their hard earnt they are squandering… its all investor cash being burnt
It could be that 'rose tinted glasses' view of yours, or it may be that he doesnt see value in what satoshipay or dynasty are doing
Regardless of whether he comments, talk is cheap
Even if he does comment on his offloading - there will be some sort of clause with the usual ramp/bullish outlook. If he wants to keep selling, he needs buyers. everyone has their own agenda they are working to
Fact of the matter is, very little is being done to build investor appetite. There's not been many new posters here, & whilst regular posters have no obligation to post their trading activity, very few have been forthcoming about topping up at these 'bargain basement' prices.
Are these really bargain basement prices or is this fair value based on investee performance to date? I'd say its the latter.
Tony F has one and a half months until his self imposed deadline is up. Expect another sell off come the end of March if no progress.
Hopefully Pendulum are close to actually doing something...
Satoshipays track record of delivering successful projects - lol -:)
Until then,
Sellers gonna sell