Blue Star Capital Share Discussion Threads

[cyberbub] 24/10/2017 09:18

True, an RTO could be a share deal...Would be great if Satoshi could be reversed in.

[tilly99] 24/10/2017 08:59

With low monthly outgoings/costs this raise must fully fund us for many months?Maybe this is why we have been weak?25/30 huge buying support..this is where one should buy for a climb back to 35/40

[errollc] 24/10/2017 08:32

Cyber the fund raise would cover the costs of an RTO.
I'm not sure why you think £10m is needed because an RTO would be a share deal.
Some working capital would be raised for a reverse but that would be manageable.

This is a significant step towards the reverse. Imho

[cyberbub] 24/10/2017 08:29

It could certainly cover some of the preminaries for an RTO of course, legal fees etc

[cyberbub] 24/10/2017 08:28

Surely to fund an RTO then BLU would have had to raise £10M plus?

[patientcapital] 24/10/2017 08:18

Agree, APF. Had to happen at some point.

[errollc] 24/10/2017 08:01

Interesting fund raise....the pieces are falling into place...this provides enough capital 'to support investee companies'. That could mean a few things...including providing the capital for a reverse!

Going to get exciting now.

[bdog51] 24/10/2017 07:43

From today's RNS -

The net proceeds of the Placing of approximately £0.47 million will be used for general working capital purposes and to support existing investee companies where needed and should give Blue Star flexibility to look at new investment opportunities in the future.

[apfindley] 24/10/2017 07:39

Ceo participated too This is a good raising.

[bdog51] 24/10/2017 07:37

Placing was oversubscribed and only at a small discount to current share price Tony Fabrizi subscribed to another 5 million shares, so that's another positive.

My guess is that some of those selling regular 1M chunks here knew there was a discounted placing coming. This would likely explain the recent decline in share price The usual AIM pattern? Hopefully the new shares are in sticky hands.

Onwards from here. Interested to see how the new funds are to be invested. Not enough for a Satoshi RTO?

[bdog51] 24/10/2017 07:23

RNS out. Placing at 0.28p. Higher price than last time and provides some capital for future investment by BLU.

[3rd eye] 24/10/2017 01:17

If ICOs get too out of control there could be a "Backlash against entire bitcoin crypto ecosystem" says @BenLawsky #Money2020

[3rd eye] 24/10/2017 01:17

Not without coins. The time lag will be too great and platforms will go under.

[hootza616] 24/10/2017 00:22

Good question.
How else can we invest in the likes of Fingopay and Satoshipay?

[counting cards] 23/10/2017 23:09

Yep I agree but I will go further, if Bitcoin collapses the platforms remain.

[3rd eye] 23/10/2017 23:04

Not at all, when Bitcoin collapses youl find the WHOLE industry collapses.

[counting cards] 23/10/2017 21:46

Prince Alwaleed doing IOTA a big favour, which in turns does Satoshi a big favour which in turn does BLU a massive favour.

Good post 3rd Eye

[3rd eye] 23/10/2017 20:14

"I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making," Alwaleed said.

[3rd eye] 23/10/2017 20:12

Prince Alwaleed says bitcoin will implode: 'Enron in the making'
"It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision" of any central bank, Alwaleed says.
Bitcoin has surged about 500 percent this year.

Fred Imbert | Evelyn Cheng
Published 7 Hours Ago Updated 1 Hour Ago

Saudi billionaire investor Prince Alwaleed bin Talal said Monday that bitcoin will "implode" one day.

"It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision" of any central bank, Alwaleed said in an interview on CNBC's "Squawk Box."

"I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making," Alwaleed said.

The billionaire investor was referring to the massive accounting fraud that took Enron, a U.S. energy-trading and utilities giant, into bankruptcy in late 2001.



😃😎

[cyberbub] 23/10/2017 20:05

Remind us is fingopay listed?

[simpletonremover] 23/10/2017 19:04

Lest we forget:



If you scale it up to the size of Fingopay's potential market, forecast at around $49 Billion, it demonstrates the valuation possibilities.

1% of $49 Billion, roughly half a Billion, BLU's interest, £5.5 Million

5% of that market, BLU's interest, £27.5 Million

10% of that market, BLU's interest, £55 Million

etcetc


A small percentage of a large market can become significant.

[doodlebug4] 23/10/2017 17:30

Fingopay‏ @FingoPay 13m13 minutes ago

WATCH: "The tech that could make banking safer" on show now at #Money2020. Great article and video from @WhichUK