Blue Star Capital Share Discussion Threads

[888icb] 10/11/2020 09:31

Stellar invest cash based on their dealings with and knowledge of Satoshipay.
You invest hot air.

[kernel_pult1] 10/11/2020 09:21

888icb - I’ve been banging this drum about meinhard and Satoshipay delivering sweet FA for around 14 months on here. I’ve called it right. Please enlighten me as to what stellar have had in return from Meinhard - except for a few fruitless exercise blockchain seminars. I thought you’d have learnt to give my views a little more credence by now instead of the usual sarcasm. But fair play if you still believe in meinhard the chocolate fireguard

[888icb] 10/11/2020 09:09

I am sure Stellar can’t wait to receive your call. Clearly working with Satoshipay and providing it with funds they know nothing about it and will be desperate for your imput.

[kernel_pult1] 10/11/2020 06:06

I’m actually close to contacting the guys at Stellar Development Foundation myself and dissuading them from giving Meinhard any more money until he has actually proven his worth...(i.e. revenue or ability to at least break even)

That might put the pressure on, mightn’t it, knowing the magic money tree can be switched off in an instant.

I’m sure that would be a very sobering thought for Meinhard

I’ll give him til the end of this year...

If I see any posts on twitter of them having a ‘successful 2020’ then that will likely tip me over the edge and make me take action sooner.

[2trying] 09/11/2020 23:43

Wasn't suggesting anything my friend - I was asking !

[peted81] 09/11/2020 22:58

Are you suggesting that Tony F selling shares indicates there's no good news on the horizon?

I don't think it means that. My understanding of the RNS is that he exercised a warrant to buy shares at 0.1p and sold them on the same day for 0.15.

He made 50% in a day. I don't think it tells us much about his long term confidence.

That's my understanding, happy to be corrected

[2trying] 09/11/2020 22:29

May I ask a question or two ?

Hey , I'm an amateur , so don't shout at me !!

If a Director sells shares , does that mean that there will
be no news that may affect the share price for "X" months ?

Or is the exercise / sale of warrants different ?

My thanks in advance for all polite replies .

[kernel_pult1] 09/11/2020 20:42

Yes Pete, for me it was a breath of fresh air listening to the guys over at Dynasty.

Quite simply, they know their business, they know their market, they’ve got a clear roadmap and vision, they back up what they say with figures and targets, and most importantly, they are going out and winning new business.

By comparison, they make meinhard look even more clueless.

There is a world of difference, I’ll say again, meinhard is not leadership or CEO material

Satoshipay will no longer be the jewel in BLU’s crown, Dynasty has the opportunity to replace them.

Out with the old and in with the new!

[peted81] 09/11/2020 19:44

Fair play Kernel, the Dynasty interview is promising. A product with an actual use case and proven demand, customers, income, and imminent break even / profitability.

Literally couldn't be more different than SatoshiPay and their user-less, money burning nonsenss.

I envy Meinhard, he must've enjoyed the past few years, writing code and travelling the world while Blu and Stellar throw money at him. Blu are to blame for not keeping on top of him.

I'm with you, I'm boring myself moaning. Writing it off and hoping for an eSports unicorn

[kernel_pult1] 09/11/2020 17:50

I've looked at my post history from Sept/Oct last year, other posters were telling me 'it's always darkest before dawn' re Satoshipay, blah blah etc etc, we are now 13/14 months on from that and we are still no further forward regarding any meaningful revenue from Satoshipay. Just another 13/14 months of them making cups of tea and burning through cash to the tune of probably EUR 550k plus.

Anyhow, I've had an epiphany this afternoon and I'm now past caring.

To put it simply, Meinhard = a waste of space until proven otherwise.

[okspookie] 09/11/2020 17:28

why should there be any urgency from meinhard & co

when they can keep lining their own pockets

they are not personally losing money

but Joe Public who invests in this nonsense certainly is

& u have to question the insiders at BLU

who are also lining their own pockets

trentendboy says the whole thing stinks

guess what

he's right

[kernel_pult1] 09/11/2020 16:23

Their announcement on 22 Sep wasn't a launch though, they announced the other day that they were allegedly just about to start beta testing.

Pardon me for now having absolutely zero credibility for anything that is announced by Satoshipay.

Like I've said before, there is absolutely no urgency from them.

In my eyes, Meinhard is useless and Satoshipay is a bust unless they can prove otherwise. I've just written them off in my head so I'll stop moaning about them now.

[888icb] 09/11/2020 16:05

The last update on Satochipay was the launch of their b2b platform on the 22nd Sept as they clearly try to address the disappointing progress you refer to. I think it is a little premature to expect dramatic results after less than 2 months.

[kernel_pult1] 09/11/2020 15:30

Those of you who are considering moaning at me for being 'negative'. Don't hate the player, hate the game.

Satoshipay have now been over three years doing f all for BLU.
Heres an article from 2017 which shows when coinsilium agreed to sell the entirety of their their shareholdings to BLU.


How is their non-performance good for anyone here? Meinhard doesn't appear to be capable of producing a result, he needs to go. This farce has been dragging on for far too long

[888icb] 09/11/2020 15:00

I agree that the existence of all these warrants is not helpful to ordinary shareholders. However we have now improved the situation as only 95 million shares were issued at 0.1 out of a possible 300 million. 205 million warrants have expired on 6th November 2020. BLU has raised £95000 extra cash. The further warrants that remain in issue expire next year at exercise prices of 0.175 and 0.25 and so the share price needs to rise above those levels to make them worth exercising.
I agree the Directors now need to fully focus on monetising investments and getting the share price back above 0.25 just for starters.

[doodlebug4] 09/11/2020 13:14

888ICB - While I share your optimism about all that, I think the seemingly endless placings and issuing of warrants is going to keep holding the share price back and the only people who are going to benefit are the select few. Tony Fabrizi needs to start monetising some of BLU's investments, as this constant dilution is getting long term shareholders absolutely nowhere.

[888icb] 09/11/2020 11:24

Over the weekend I listened to the Stockbox interview of the founders of Dynasty Esports(link provided by Doodlebug4 on 6th November). It is well worth a listen to get a full understanding of the potential of Dynasty but they also provide a very good overview of the esports market in general. Esports is a very exciting growth space and BLU is well positioned with its various investments to do very well as it approaches it from several different angles. Good also to see GILD RNS today about their participation in a major esports conference to up their profile and to continue the recovery in their share price in recent days.

[trentendboy] 09/11/2020 09:22

I am trying to work out who benefits from the price being walked downNot the exercises of warrants as they got 0.152 and not over 0.2Guess MMs and others new the dilution and sales were coming Does give a floor to price imo

[10076968] 09/11/2020 09:09

There were 3000m warrants and 95m were exercised so 205m expired.

[dennisbergkamp] 09/11/2020 08:20

Everyone’s at it across aim

Some have no timeline requirements either, which is literally money for old rope!

D

[trentendboy] 09/11/2020 07:44

The exercise of warrants and then selling of said warrants explains the strange share price action10,000,000 is a lot to clearBLU raise a little cash but more dilutionI wonder how many warrants expired given it was pretty much free moneyStinks really but, means price action not related to fundamentals

[kernel_pult1] 08/11/2020 09:56

In other news, Meinhards blockchain talk with Stellar 10 days ago has amassed a whopping 397 views.
which proves my point... no-one cares. I remember someone on here posting the fact there are videos of fart sound effects which have had more views than that. Just when is Meinhard going to wake up, smell the coffee and start generating some meaningful revenue?

[kernel_pult1] 08/11/2020 09:36

Pete - I hear you loud and clearly on esports. One criticism that springs to mind regarding the Guild/Beckham setup is that if Guild perform poorly, Beckham still gets his fixed payout...

Anyhow, before passing any more judgment on esports I recommend you listen to that podcast and then let us know your thoughts. To give you a flavour, Dynasty are not rounding up kids to play in competitions lol, their business is to do with the B2B part of esports.

I'm also more interested in hearing what you think about the comparison between these guys 'knowing their business' to Meinhard lol