Blue Star Capital Share Discussion Threads

[888icb] 21/5/2021 16:00

GILD above 8p if it stays there it will be the first time it’s closed above its IPO price.

[ragnarr] 21/5/2021 15:51

Based on the prospect of SatoshiPay and DeFi I'm sending some time trying to understand it better.

Came across this article specifically relating to Stellar and DeFi which I found interesting so thought I would share.

Will Stellar Lumens Finally Democratize Investing?

[blueblood] 21/5/2021 10:23

BLU does react positively to anything!

[888icb] 21/5/2021 10:22

GILD having another good day and could have another go at 8p. Let’s see if the BLU share price reacts to this in a positive way.

[ragnarr] 21/5/2021 09:58

As you have previously stated the share price is well and truly supported by the current NAV without Satoshipay so I cant really see any downside from here (subject to e-sports collapsing) so its a waiting game as to when Mr Meinhard deigns it time to release to the world his genius.From my earlier investigation there would also clearly be a move into the DeFi market via Pendulum which I now need to go away and brush up on as I know very little.

[stoxx67] 21/5/2021 09:21

again, i agree ragnarr, however we can only be sure of this when we finally flesh out the detail of exactly what is happening at the bones of Satosnipay.

absolutely nothing would please me more than seeing a mere 10x rise in Satoshipay , never mind the 100x rise in Argo :) , argo much less now of course !!

[ragnarr] 21/5/2021 09:04

Agreed re valuation of Satoshipay. At the moment the market needs info/figures etc on Dtransfer before it can taken into account.It reminds me a bit of ARGO - When they listed in 2018 it was all,based on a MaaS operation, but due to the crypto market at the time they then announced a complete change of direction half way through 2019 into pure mining. The share price just drifted for the next 18 months until - well we all know what happened with crypto this yearNot suggesting or ramping the same scenario here just pointing out that if/when Dtransfer gains traction the re-rate could be substantial. Of course Meinhard and gang could again be barking ip the wrong tree.

[stoxx67] 21/5/2021 05:27

and i agree entirely boonboon

the market cap is supported by Dynasty and Guild, so what is the market telling you about Satoshipay after 7 Years?

agree the Dynasty IPO will be valued much higher than the last funding round at $50m, Guild seems to be showing signs of life too, which is excellent and shows the value of Tony & derek's thioughts in diversifying away from Satoshipay. They had no choice really !!

so, at risk of broken record syndrome, what does this say about our errant investee Satoshipay?

what is the market telling us about them?

the only thing i know for sure is the market currently values it at close to Zero, from a BLU perspective.

what do you value it at?

how can you value it with the lack of news and financial details?

the last funding round was EUR 17m, was this reflected in the BLU share price?

NO it was not, BLU has never increased in value based on the perceived increasing valuation of Satoshipay.

So, again, what is the market telling you about Satoshipay?

[888icb] 20/5/2021 22:27

Whatever works for you even if it makes no sense to anyone else. Satoshipay has redirected its tried and tested technology into Dtransfer which is progressing very well according to our board. But of course if you think you know more than the board then I will listen to them thank you and of course Danny Masters who has invested and become a Director in the last 2 years.

[boonboon] 20/5/2021 20:09

I'm valuing it for myself giving myself a margin of safety.The dynasty fundraising was very recent so no need to doubt that valuation and with a looming IPO should probably be valued higher.Satoshipays last raised funds over 2 years ago and doesn't seem to have made much progress since then. So valuing it is tricky and I'd rather be cautious.

[888icb] 20/5/2021 19:27

BLU have chosen to repeat the £4.9 million valuation of Satoshipay just 2 weeks ago. The Directors shouldn’t put it in an RNS if they don’t think it’s correct.
Yet you choose to believe Dynasty’s valuation which was arrived at in the same way as Satoshipay when to be consistent you should value it at £895000..

[boonboon] 20/5/2021 17:36

Because I'm being Conservative. BLU themselves don't seem to have too much of an idea and they're valuing it at a funding round that was a while ago.

[888icb] 20/5/2021 17:28

Why are you placing a value of £1.9 million on Satoshipay when 2 weeks ago in an RNS the Directors told you this
“To date, the Company has invested approximately GBP1.9 million in SatoshiPay. Based on the value of SatoshiPay's last fund raise, Blue Star's investment is valued at approximately GBP4.9 million.”

[boonboon] 20/5/2021 17:04

To me the current market cap is supported by the value of Dynasty at it's latest funding round and Guild, NFT and Leaf at their market prices. Add them all together and that roughly equates to the current market capital.I believe there's potential significant upside in these values. Especially for Dynasty when it IPO's. You then have the unknown of the other esports investments. And satoshipay which I expect must be at least worth the initial investment of £1.9million with potential significant upside.I think the downside risk is low at the moment and there is significant upside potential.For what it's worth I'm a relatively new investor at 0.18p.

[ragnarr] 20/5/2021 15:38

Fully understand your frustration. It seems to me the original micropayments focus was the 'next big thing ' five years ago but it simply hasnt happened - in all fairness pretty well everyone was saying how it was going to change the world so it wasnt just Meinhard.That said since 2020 there is now a definite change of direction (which clearly needed to happen) which also would appear to co-inside with Daniel Masters coming onto the board. But major direction change takes time.So whereas others here have been tortured for several years I effectively see Satoshipay as pretty well only a couple of years in. But thats easy for me as Im not one of the tortured :-)PS : agree communication leaves a lot to be desired.

[888icb] 20/5/2021 14:57

A reminder about Daniel Masters:

Daniel Masters Joins SatoshiPay Board
SatoshiPay
SatoshiPay
May 27, 2019·3 min read

New Non-Executive Director set to bridge traditional finance and blockchain.
Masters in Brief
SatoshiPay is pleased to announce that Daniel Masters is joining its board as non-executive director, working alongside the company’s co-founders and current directors Meinhard Benn and Alexander Wilke.
Daniel Masters’ career is packed with knowledge of the finance industry having held senior positions at JPMorgan and Salomon Brothers and, two decades ago, becoming the co-founder of the commodity trading group, Global Advisors.
After pivoting Global Advisors into digital assets in 2013, Masters has recorded a number of landmark transactions including launching the World’s first regulated bitcoin fund, GABI, in 2014, acquiring and aggressively scaling XBT Provider, an issuer of stock-exchange traded cryptocurrency tracking certificates, co-founding CoinShares — a global leader in digital asset management and launching CoinShares Fund I, the first ever fund structure denominated in Ethereum.
A Cut Above the Rest
At present, Masters is the Executive Chairman of CoinShares.
His extensive experience in blockchain-based financial projects, sitting on the board for over 13 companies, makes his profile a very valuable addition to SatoshiPay.
Masters’ deep, hands-on understanding of blockchain-based financial products combined with his many years working in global markets set him apart as not only a believer in blockchain as an enabler for the next generation of global payment solutions but also as someone with the technical know-how to become a trailblazer in this arena.

From the Beginning
Daniel Masters has been familiar with SatoshiPay as a blockchain company with a clear use case for quite some time. After following the project from afar for years, Masters chose to invest €566k in SatoshiPay in July 2018. At the time, SatoshiPay held a pre-money company valuation of €17m. In February 2019 during SatoshiPay’s most recent funding round, Masters invested an additional €227k to the project, increasing his investment into the company to €793k in total. His lead investment aided SatoshiPay to achieve an oversubscription and a €2 million total investment.
In their Words
Daniel Masters, Executive Chairman CoinShares says:
“SatoshiPay holds my personal record for the shortest time to reach a decision to invest. As a name I’ve followed for many years, the opportunity to meet Meinhard for the first time confirmed my assumptions. A hardcore use case long awaited by the crypto ecosystem, finally delivered, driven by a visionary developer with true leadership skills.”
Meinhard Benn, CEO SatoshiPay comments:
“We are incredibly lucky to have won the support of Danny, first as an investor and now as a SatoshiPay board member. Danny was one of the world’s first individuals from the pre-crypto finance sector to realise and actively develop the enormous potential of cryptocurrencies as an enabler for a new era of purely digital and decentralised finance. His extensive experience in this field will help us lift SatoshiPay to the next level by closely advising us on future strategy and execution.”
253

[stoxx67] 20/5/2021 14:44

apologies ragnaar, you are attempting to be constructive and offer substance, i congratulate you on that.

sadly, you are and will remain "in the dark" whilstever Satoshipay / Blue Star Capital do not keep shareholders apprised.

i do not think anyone on here has the slightest clue as to what Satoshipay is attempting to achieve or has achieved in the last 12 months, anyone ?

if they just released a statement with 2 words .... "Positive Revenue".. then great !
i would be equally delighted with the acronym .... "IPO"


sadly though it would seem they are still in "bunker" mode.

[ragnarr] 20/5/2021 14:24

To add to the speculation the presentation screen clearly shows Daniel Masters (exec Chair at Coinshares) in on the loop and yesterday Daniel tweeted a Cluhouse Drop-in Audio link entitled.' Empowering the transformation into Digital Finance'

[ragnarr] 20/5/2021 14:23

Im getting confused as to what thread to use - so I will post here as wellYesterday Satoshipay tweeted..! Happy to share our new milestones and upcoming #DeFi projects... Stay tuned - more updates coming soon!After a bit of digging looks like Satoshipay have registered website pendulum.fi.https://fi-domain.name/domain/pendulum.fiCurrently most of the DeFi market is built on Ethereum - looks like Stellar wants a slice.

[ragnarr] 20/5/2021 14:20

To add to the speculation the presentation screen clearly shows Daniel Masters (exec Chair at Coinshares) in on the loop and yesterday Daniel tweeted a Cluhouse Drop-in Audio link entitled.

‘ Empowering the transformation into Digital Finance’

[stoxx67] 20/5/2021 14:12

Pendulum is what moves from side to side whilst we await an update from Satoshipay ;)

[ragnarr] 20/5/2021 13:59

Yesterday Satoshipay tweeted..! Happy to share our new milestones and upcoming #DeFi projects... Stay tuned - more updates coming soon!After a bit of digging looks like Satoshipay have registered website pendulum.fi.https://fi-domain.name/domain/pendulum.fiCurrently most of the DeFi market is built on Ethereum - looks like Stellar wants a slice.

[888icb] 20/5/2021 13:00

Perhaps it’s a new product to sit alongside Dtransfer that those invited to the presentation now have knowledge of? Presumably Derek knows but we will have to see if he is able to update us on the content of that presentation. I suspect it won’t be long as Satoshipay tweeted Stay tuned more updates coming soon!
Your previous point is a very good one about the loan.

[888icb] 20/5/2021 12:56

Perhaps it’s a new product to sit alongside Dtransfer that those invited to the presentation now have knowledge of? Presumably Derek knows but we will have to see if he is able to update us on the content of that presentation. I suspect it won’t be long as Satoshipay tweeted Stay tuned more updates coming soon!