Blue Star Capital Share Discussion Threads

[chester22] 26/7/2018 16:05

he is buying correlated stocks to cover his short

[davealders] 26/7/2018 15:53

Where's 3rd eye today?

[markth126] 26/7/2018 15:48

Any guesses for relisting value, 0.25p is my shout

[smithie6] 26/7/2018 15:44

..looks like Jim Mellon shows again that he is very shrewd !

I had a small top (1k pnds !!) up a few days ago..since chart was looking good & Slater adding more.

Nice to get a lucky buy from time to time...

[ivor hunch] 26/7/2018 15:15

The RTO will require Blue Star to provide detailed documents concerning Satoshipay's current financial situation and its future potential. At last shareholders in BLU will have some real solid information about Satoshipay which so far has not been available.
Will current BLU shareholders be invited to subscribe for new shares? Will there be a private placing? (presumably Daniel Masters has subscribed to 566k euros in shares or is this an inter-company loan or convertible loan ?) How will the RTO be financed?
It all sounds exciting, but until we get sight of the RTO documents, it's all speculation.

[doodlebug4] 26/7/2018 14:22

To increase our execution speed as a business during the run-up to our public listing, we decided to seek pre-IPO funding and are delighted to have gained the support of Daniel Masters, an experienced serial entrepreneur and investor in the blockchain space. On 25 July 2018 Danny invested €566k in SatoshiPay at a pre-money company valuation of €17m, which is a significant uplift from our €6m post-money valuation in January 2017.

medium.com

[doodlebug4] 26/7/2018 14:15

Pinned Tweet

SatoshiPay
‏

@SatoshiPay
14m14 minutes ago
More
📢 SatoshiPay getting ready for IPO in London 📈

[chester22] 26/7/2018 13:56

i dont agree, looking at his investments he looks pretty consistent the way he invests in his different investments in term size and timing.

i dont buy that for a seconde

[markth126] 26/7/2018 13:55

i still fail see why this is seen as good, this satoshipay is not even taken off yet, don't get me wrong im a lth and hope it does but don't see why its seen as good, just more risk

[doodlebug4] 26/7/2018 13:48

I think some investors on this thread had a strong suspicion that Nicholas Slater knew something interesting was going on in the background.:-)

[clocktower] 26/7/2018 13:14

Mr Slater will be very happy I expect, well done him, buying such a large stake in the market.

[red nutter] 26/7/2018 13:04

50p steady on Chester

[costapacket] 26/7/2018 12:29

@tesladave - interesting article though in our case BLU has a worth of its own that will carry weight from the existing stock as Satoshi reverses in.

Interesting times ahead

[tesladave] 26/7/2018 11:42

Markth read to understand more

hxxps://finance.zacks.com/reverse-merger-mean-stocks-1096.html

[1rodson] 26/7/2018 11:28

Looks interesting will look further, I hope it works out as two things bother me the debt level and the fact that the market place is getting heavily dilution with new comers already used up and running in a matter of weeks.

Basically my same sentiments apply to Lionsgold also suspended and where I have a substantial holding?

[moormoney] 26/7/2018 11:07

Good news 🤞🤞

[chester22] 26/7/2018 10:57

50 p easy guys
satoshipay being listed and all the crypto world with easy access to that share , will be massive as much better to hold share compared to crypto

[doodlebug4] 26/7/2018 10:44

Apart from anything else the new company will need a good marketing team. No doubting Meinhard's skills in the techie department, but perhaps marketing and finalising contracts isn't his forte.

[markth126] 26/7/2018 10:42

What makes this good? - What are the prospects for this? And surely a raising will come just following?
Honestly I will happily listen as to what is good...!

[tesladave] 26/7/2018 10:32

I’ve got a smile on my face with a slightly smug expression that I’m trying, but failing to control 😂😂😂😂8514;😂 Oh it feels good to be right 😄

[thegrumpster] 26/7/2018 10:17

Looks like a few months to wait then:


"Blue Star (AIM: BLU), an investing company with a focus on technology, announces that it has agreed heads of terms to acquire the entire issued share capital of SatoshiPay Ltd ("SatoshiPay"), subject to certain conditions and due diligence (the "Proposed Acquisition"). The heads of terms provide the Company with exclusivity in relation to the Proposed Acquisition until 31 October 2018. Accordingly, the Company has agreed not to convert the €200,000 convertible loan note ("CLN") made to SatoshiPay on 1 December 2017 until such a time that the Proposed Acquisition completes or is terminated. The Proposed Acquisition, if completed, would constitute a reverse transaction."

[thegrumpster] 26/7/2018 09:55

Suppose it depends on how good the organisation has been.

Investing dot com don't show any break in trading of BMN before the 21 Dec 2017 when they were re-listed.
General meeting was the day before.


BMN 30th Nov 2017 RNS:


"Bushveld Minerals Limited

("Bushveld", the "Group" or the "Company")

Proposed Acquisition of 55 per cent. of Bushveld Vametco, Publication of Admission Document and Notice of General Meeting"

".... Completion of the Acquisition agreement is conditional on inter alia shareholder approval at a General Meeting and Admission

· Following completion of the Acquisition, Yellow Dragon will hold 79,766,364 shares representing 9.24 per cent of the Enlarged Issued Share Capital

· The General Meeting for shareholders will be held at 10.00 a.m. on 20 December 2017 at 18-20 Le Pollet, St Peter Port, Guernsey GY1 1WH. The notice of this meeting is available on the Company's website at www.bushveldminerals.com and will be sent to shareholders today.

· As a consequence of the Acquisition constituting a reverse takeover under the AIM Rules for Companies, the Company is required to apply for re-admission of the enlarged Group to trading on AIM. It is expected that Admission to trading becomes effective and commencement of dealings of the Enlarged Issued Share Capital will take place on 21 December 2017."

[thegrumpster] 26/7/2018 09:51

Might be back in a day or so.

Didn't BMN do a reverse take over. Suspended one day, back trading again the next?

Think that once they've published the admission document, they're ready to go.

Second RNS:

"....Trading on AIM for the under-mentioned securities has been temporarily suspended from 26/07/2018 7:30am, pending an announcement and publication of an admission document...."

[ivor hunch] 26/7/2018 09:49

I imagine that shareholders will get some clarification about the new company - Blu goes from being an investment co into a hands-on management outfit. We will need to know more about the commercial potential for Satoshipay - how to monetise their technology and how to protect it, what contracts or agreements are in the pipeline, how the management team is going to work etc etc etc. In fact all the issues which so far BLU shareholders have not been told about. Hopefully this clarification, when it comes, will enable the market to make an informed decision about Satoshipay's potential.
Ivor

[costapacket] 26/7/2018 08:44

I have this one in 'cold' storage having bought at various prices up to .50p - hard to tell when this will return ( I have had others suspend and wait 6-12mths or in other cases just a few weeks.

Exciting times ahead ( unless you need you cash quickly!)