Blue Star Capital Share Discussion Threads

[pwhite73] 31/12/2017 11:01

Thegrumpster - "For me it's all about how quickly they sign up customers"

This is what its all about. People here seem to think the future lies with the partners they tie up with it doesn't. As Thegrumpster says its how many customers they sign up. I will put it to you in layman's terms so everybody can udnerstand.

I run a garage called PWhite Autos. I announce that I now accept payments from Visa, Mastercard and from 01/01/2018 the garage will accept payments in Bitcoins. Should the value of my garage rise? NO. Why not? because the profit/loss accounts of my garage are not dependent on the efficiency of my payment system but how many people bring their cars in for an MOT, annual service and general repairs.

SatoshiPay's tie up with Stellar and IOTA are meaningless in the grand scheme of things its how many people log in to the website below and use the service. Have any of you signed up yet? If not why not?

[thegrumpster] 31/12/2017 10:09

Fees are not that outrageous, and a bit less when you knock off the annual fee.

Brokers and other assorted hangers-on have to be paid anyway. There will be increased costs but not as much as starting from scratch.

BLU is not a lot more than its investment in Satoshipay. We have about a third of it now, and could easily have a similar amount after listing without a huge amount of dilution IMO. (Fingopay a good candidate for a blockchain/Tangle style database?)

For me it's all about how quickly they sign up customers and get money coming in. We should know in the next month or so whether this is going to fall flat or really start motoring.

The two cryptocurrencies that Satoshipay are aligned with have certainly got off to a flying start. A good sign, even though it's more the technology aspect that Satoshipay are working with. Isn't it better to be involved with currencies, that are attracting major interest, at the top of the pile than with obscure hopefuls at the bottom?

Meinhard and Co. seem to be making good choices so far.

[zebbo] 31/12/2017 08:00

New Year Prediction for 2018

1. share price 5p - 10p, year end
2. RTO or Nas listing - 1st half

All the best for the New Year

[888icb] 31/12/2017 00:30

Well Said DB4 White73 is a pathetic deramper who is disrupting this board. Don’t give him oxygen by responding to his very amateurish attempts to mislead people simply filter him as I have now done.

[grahamwales] 30/12/2017 22:37

Satoshipay by the way things are going won't need to raise any capital therefore no dilution will take place. What the value to current BLU holders will depend on what market cap Satoshipay decides to list at.

[doodlebug4] 30/12/2017 21:45

With respect I suggest you all stop responding to PWhite's own ego massaging on this thread - you are just giving him more oxygen. Enough is enough. Some posters here have him on filter. He can start his own BLU thread instead of trying to trash this one.

[pwhite73] 30/12/2017 21:16

Jungmama

Please show me some modicum of respect. When you and your cohorts were ramping PYC at 32p I did advise of the pending crash and that there was nothing new to add to PYC. I was proven right PYC is now 8p and still falling.

Goodnight Sir.

[pwhite73] 30/12/2017 21:09

cyberbub

I agree wiped is a bit of an overstatement but that should not detract from the seriousness of the subject. If STP reverses into BLU with a 31% investment then you will be diluted from 90% of BLU to 31% of the new entity. Then there is the funding requirement of the new listing this will dilute you even further. You would be lucky to end up owning more than 10% of the new entity. But this is all hypothetical and as you say we need to concentrate on the success of STP.

Having said that if you are intelligent you would be asking yourself why did Coinsilium sell their stake to BLU in August 2017 with so much good news to come but that argument is for another day.

Sleep tight.

[jungmana] 30/12/2017 21:05

Lol! You guys really have time on your hands to engage with Pwhite.

[pwhite73] 30/12/2017 20:51

snoopy12

A placing has nothing to do with options. Furthermore in my experience AIM directors grant themselves options with no intention of ever exercising the options for they know full well the forthcoming dilutions will make the option prices obsolete.

The options are there to trick Joe Mug PI into thinking the directors have aligned their long term interests with ours. Nothing could be further from the truth.

[cyberbub] 30/12/2017 20:47

PWhite I think you are over exaggerating with your statement that the PI holders of BLU would be "completed [sic] wiped out by dilution" in an RTO.

That depends entirely on the notional valuation of Satoshi at RTO. Someone who holds say 3% of BLU will probably find themselves owning only 0.75% - 1% of an AIM-listed Satoshi yes. That's not "completely wiped out" (implying some sort of D4E 99% loss). 1% of what 'could' be a unicorn is not to be sneezed at!

The alternative is that Satoshi continues to grow and reach a unicorn valuation independently, raising private money or through a listing elsewhere in due course. In that case BLU will either have to stump up to maintain its percentage in Satoshi (which will dilute BLU shareholders), or not stump up, in which case its 31% holding will be steadily diluted.

Whichever way it goes, there will be some dilution! The only question is how much.

The final alternative is that BLU sells its 31% of Satoshipay for hard cash as part of a listing, or to another investor. It all depends on how Satoshi is doing - if it's really well then 31% could easily be worth £100M by next Xmas.

The fundamental thing we need to focus on is not being diluted, but on whether Satoshipay is going to be a runaway success or fizzle out. If the former then we are quids in, no matter how the scenarios pan out.

Place your bets gentlemen.

NAI DYOR

[snoopy12] 30/12/2017 20:39

I feel there won't be any placing as there are options at .006 so if that is the case then the logic of setting options goes out of window.
But then I am not a fly on the wall.

[pwhite73] 30/12/2017 20:30

snoopy12

When I bought I thought we were just experiencing a retrace after the recent highs and that with STP good news the price will recover. I am now convinced that this is not the case and that something structural is going on in the background as to why the share price cannot escape the gravitational pull of 0.50p.

But as you say let us wait and see if the New Year proves me right or wrong. For my sake I do hope I am wrong. And I do appreciate for many here talking down a share you hold is not a concept they understand.

[snoopy12] 30/12/2017 20:20

PW I do not thing you hold any shares here as if you think you are that astute in your observations of an imminent placing then why did you buy in before the placing .
If you are holding anything here I suggest you sell and move on unless you bought at a higher price then Friday's close.
Generally AIM is a casino but then there are exceptions and I think here we have an exception. It is a 50:50 call let us wait for the New Year to see if your predictions are correct.

[doodlebug4] 30/12/2017 20:04

Post 4057 - it might be worthwhile thinking about the sentiments expressed regarding the "bellend" and not responding to his various wind-up posts.:-)

[pwhite73] 30/12/2017 19:26

Thegrumpster - "BLU could provide a listing for Satoshipay if that is what is wanted."

Yes but as I have already stated you own 90% of BLU. If STP reversed into BLU you would need to be prepared to be completed wiped out via dilution. BLU owns 31% of STP. Therefore your 90% holding in BLU would need to reduced to 31% just to reflect your ownership of STP.

Now the directors in BLU and STP won't have a problem with this because they don't own any sizeable stakes in BLU. Any loss in the value of their shares would be compensated for via wages, options, warrants and bonuses. The problem is if Joe Mug punter got wind of what was going on he may not support such an RTO at an EGM.

[thegrumpster] 30/12/2017 19:20

Suppose it all depends on how Meinhard and Co. are (were) hoping to make their millions. BLU could offer a way to list relatively easily on the LSE if they want to go down that road.
They might also have other ideas.

In the meantime they need customers and money coming in.
The direct agreements with Stellar and IOTA are certainly a step in the right direction from that point of view, as are the indirect associations that exist between Stellar and IOTA with companies like IBM (Stellar) and Bosch (IOTA).

Or putting it another way, Stellar's link with IBM could not be considered detrimental to BLU's prospects in any way, even if we don't immediately see the financial benefit.

[thegrumpster] 30/12/2017 19:04

"Thegrumpster was suggesting a merger between BLU and STP might be a possibility. I said there were no synergies between the two not that there was no link. I also stated there was no link between BLU and Stellar."

There don't have to be synergies. BLU could provide a listing for Satoshipay if that is what is wanted.

Their may be no direct link between BLU and Stellar, and BLU and IOTA, but Satoshipay has agreements with both Stellar and Iota.
A lack of popularity of the technology of either Stellar or IOTA might suggest a lack of progress, and eventual revenues for Satoshipay from customers that have chosen to get involved with Satoshipay through those currencies.

[pwhite73] 30/12/2017 18:52

ZEBBO

Anybody who purchases an AIM share is buying into a complete dog of a company. What lifts the share price is other mugs coming in behind you giving you a chance to get out with a tidy profit. The fact that 90% of BLU shares are in the hands of Joe Mug punter via nominee accounts tells you all you need to know of what the directors and institutions think of the stock.

There is a reason why they are not holding any sizeable amounts themselves.

[1rodson] 30/12/2017 18:50

I really feel a great sorrow for chumps like this. Perhaps his handle he hides behind gives it all away as there is far more to life.

Didn't anyone ever tell this clown that your car will never star if you battery has only a positive terminal.


moormoney30 Dec '17 - 18:11 - 4070 of 4071

Very well put hazl. Filter button best used IMO.as the negative posts are a waste of time reading.


What was that name again moronmoney......ahhh no it was moormoney! An easy mistake to make.

[zebbo] 30/12/2017 18:47

PW

Before calling me a liar, learn to read, lol, standard 4 is very doable.

That aside how can your posts be taken seriously when posting the following in a single post

Quote.."I am a real shareholder in BLU". "BLU is a typical dog AIM share of the highest degree".

What plumb owns shares in a company he believes to be a dog.

I rest my case