Blue Star Capital Share Discussion Threads

[trentendboy] 13/3/2024 13:14

Wow - plop

[jayandben] 13/3/2024 11:24

I've taken my first chunk of these here today on exactly that basis. Rightly or wrongly, time will tell.

[888icb] 13/3/2024 11:17

It’s All About Satoshipay
It’s all about Satoshipay as it always was. I first bought into this years ago because I liked Satoshipay. 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!

It’s very straightforward now and it hinges on what you think our share of Satoshipay will be worth. As of this morning our market cap is £2 million and Dynasty is worth £450000. Our share of Satoshipay is therefore being valued at circa £1.5 million. So if you think Satoshipay is worth more than £1.5 million you may consider buying at today’s price. I think most people who have stuck with BLU to this point believe Satoshipay is worth multiples of £1.5 million.

[jayandben] 13/3/2024 11:14

Could say that about most AIM companies. Not specific to BLU, just AIM in general.

[clocktower] 13/3/2024 10:38

Other than as a short term gamble, I cannot understand why anyone bought into this dream.
The only winners were always going to be the BOD as they swallowed up investors money trying to prove they were better investors than the PI’s that gave them there money.

The others that made a killing were those that took up placings and promptly dumped for a nice profit.

[taperkick] 13/3/2024 10:19

Only a matter of time before a similar sized reduction in valuation lands for Satoshipay. Then what? As Rigsby would say, Goodnight Vienna.

[dennisbergkamp] 13/3/2024 09:36

That’s the hope, satoshipay

D

[different world] 13/3/2024 09:00

Sad news - will this be the end? How can BLU carry on realistically?

It's a hotch-potch of odds and ends, and even Satoshipay is doing nothing. I was a holder of a lot of shares here way back, sold some at a modest profit, some at a modest loss, but this is very bad news indeed.

I'd head for the exit and kiss it goodnight if I were still holding. No value here now whatsoever.

[apfindley] 13/3/2024 08:51

Yet another 888icb failure.....but still trying to gloss it up, despite the market already today giving a 40% drop on this huge reduction in carrying value of dynasty from 5mill down to 450k..wow.

[888icb] 13/3/2024 08:29

The market cap yesterday was only £3.5 million so the market wasn’t valuing Dynasty at £5 million. It’s clearly very disappointing news but it was in the share price already. BLU has always been about Satoshipay and if you still believe Satoshipay will come good todays fall provides a very cheap entry point.

[babbler] 13/3/2024 08:18

They turned 5 million quid into 450k. What do you think?

[boonboon] 13/3/2024 07:42

Awful news

[purplepelmets] 13/3/2024 07:39

Good news? Bad news? At least something happened beginning to lose hope here

[dennisbergkamp] 12/3/2024 20:15

“ The Directors will be paid with shares and won’t receive any until October:”

So no salaries as such, D

[trentendboy] 29/2/2024 15:05

Pretty relentless falls

[dennisbergkamp] 27/2/2024 15:28

Reckon up movement will happen based on how stable the xlm smart contract golive stays

D

[taperkick] 27/2/2024 15:19

Crypto = Bitcoin = HODL

No overlap with Satoshipay.

[trentendboy] 20/2/2024 20:02

More cash to pay wages

[tenapen] 17/2/2024 18:55

Additionally, in line with the Fundraise and to facilitate immediate free cash to be used for working capital purposes and to assist in delivering the strategy of the Company, the Directors of Blue Star have agreed to receive their remuneration in ordinary shares in the Company, in lieu of cash, on the same terms as the Placing Shares, which include Warrants, for the period between 1 February 2024 and 30 September 2024. The Directors will not be issued ordinary shares or Warrants until after 30 September 2024. A further announcement will be made in due course.

[trentendboy] 16/2/2024 16:41

Last one out please turn out the lights. There is an entry price here somewhere but otherwise we are just paying their salaries for nothing - they do nothing bar holding some shares in companies.

[taperkick] 16/2/2024 14:59

Satoshipay are creating software that nobody wants to use. Simple as that.
Reminds me of Synchronica.