Blue Star Capital Share Discussion Threads

[kernel_pult1] 30/10/2020 08:28

Perhaps a slightly more sobering thought for the rampers, actually it’s quite depressing: the amount of cash Satoshipay have burnt through in the last three years.
17 full time staff, each on a salary of €30k per annum = €510,000,
multiplied by 3 years = €1,530,000.

And that is just wages alone, that doesn’t include any office rent, overheads or hardware.

Satoshipay announced in recent months that they’d surpassed €1m in transactions, if their cut is 10%, it would equate to €100k revenue.

Now correct me if I’m wrong but paying out in excess of €1.5m to get €100k revenue in 3 years is nothing short of a disaster. Any of the rose-tinted crew who think the Satoshipay investment is going ‘marvellously well’ needs a reality check

[kernel_pult1] 30/10/2020 06:47

Oh and sitting around drinking cups of tea all day every day does not count as work! It’s obvious I’m starting to crack but Meinhard is clearly not Leadership or Management material! He’s a tech geek!

[kernel_pult1] 30/10/2020 06:10

Ok 888 i understand your point, but on the whole Satoshipay has been going for over 6 years. I was bought into the micropayments concept. I’m bought into their b2b concept, however the longer they continue down this road of not proving use cases of their tech, adoption, a growing customer base or revenue, the business will fail.

I bet even by this point Stellar must be starting to get fed up of continuously having to bail out Satoshipay. I expect there to be yet another bail out soon, it wouldn’t surprise me if the next Satoshipay related RNS / announcement has nothing to do with revenue or performance but everything to do with Stellar keeping the lights on for them.

For a while I don’t think it (Satoshipay) is being managed correctly. I understand Tony F does not work for Satoshipay, but he is the CEO of BLU and with that the second largest shareholder of Satoshipay, one would have thought that they could draw on his business experience and guidance to positively influence the company and steer this ship to safety.

Outside of the blockchain world, IMO - meinhard is clueless, his track record of the last few years has been abysmal
Just what are his team of 10-20 staff doing every day? Answers on a postcard!

[peted81] 29/10/2020 21:50

888 I disagree. Look at a company like ARB, providing monthly updates on revenue and expenses, planned purchases etc etc.

They're a newer company than SatoshiPay, but their transparent (not always great) updates allow investors to make a informed decisions.

SatoshiPay is a cash bonfire, with no income, no roadmap, no customers, and no prospects other than tenuous nonsense about B2B being a valuable industry therefore they're potentially valuable because they want a slice of that pie.
Utter tosh. Blu need to demand some transparency from them

[888icb] 29/10/2020 20:03

We last had an update about Satoshipay and it’s new b2b strategy on the 22nd September.It seems unreasonable to expect significant results from this in 6 weeks.Give it a chance because if they get it right it could be massive. It is a very big market they are trying to crack so it’s worth the effort.

[okspookie] 29/10/2020 19:11

& before u start patting yourself on the back mate

for all the tick ups

i was flagging up all these worries about Satoshipay

long before u

& doodlebug was flagging them up

long before either of us

just check out the posting history

[okspookie] 29/10/2020 18:04

pulty

for once we are in agreement

& post 667

u quite obviously don't understand the humour of a :-)

at the end of a sentence

get a life mate

[2trying] 29/10/2020 17:59

Well , sadly k_p , I can't disagree with a word you say .

Wish I could but I can't !

Bitterly disappointed in Satoshipay and Guild .

Have a tick up !!

[kernel_pult1] 29/10/2020 17:33

It wouldn't surprise me if we get another few months of radio silence from Meinhard and Satoshipay. Any confidence I had in him has been depleted. The market needs to know figures i.e. performance metrics and usage of the tech. How on earth do they value themselves at EUR 15M or whatever when they can't demonstrate/prove revenue to the market? Meinhard is supposedly meant to be one of the best in the blockchain space. I don't intend this to come across as negative but from where I'm sat I don't see it I'm afraid. All I can see is a cash-burning monster which is struggling to stand on its own two feet.

[kernel_pult1] 28/10/2020 14:13

@667 lol, to be fair to doodle, the majority of UK stocks are down today. it doesn’t take the spotlight off meinhard producing a result though, we need figures. I could set up a company called Dtransfer and say I’ve got my first client, one of my mates from down the pub. after three years of not producing a result, I’ve run out of road. Words are almost meaningless now without metrics attached to them

[peted81] 28/10/2020 14:06

In the wonderful world of Doodlemug, income=profit.

Mere mortals would view SatoshiPay and their 9 transactions this week (~$25) as disastrous, but with rose-tinted glasses of ramping delusion, it's pure profit.

[spawny100] 28/10/2020 13:01

Going marvelously well according to doodle so it'll all be OK.

[doodlebug4] 27/10/2020 18:38

Going marvellously well here:-) Despite all the positive vibes about the various eSports investments, sadly there is always the possibility of yet another placing - and the various implications attached to that - holding the share price back.

[888icb] 26/10/2020 11:46

Gfinity is Up 13% on the basis that it is Up for sale. I found the following on the LSE Gfinity site but haven’t been able to find the source.

City rumour this am is that GFinity and Guild Esports may be talking partnership or even merger.
Bringing Beckham and Redknapp together???
Makes some sense if you are Guild as Guild have zero in place. This buys them overnight revenue and a business about to move into profitability.

[doodlebug4] 23/10/2020 22:22

Thanks, but you have already posted that comment on this thread.

[hodhasharon] 22/10/2020 21:35

Go away Peaky, nobody is interested in your schoolgirl fantasies.

[trentendboy] 21/10/2020 19:01

Something hit - perhaps just understanding that with BTC flying that all things digit pay will fly alsoSatoshipay need to find raise or merge or somethingAction needed but IF it takes off BLU will be worth 10x current valuation