Blue Star Capital Share Discussion Threads

[tonyfabrizi] 12/6/2021 13:25

I perfectly understand any shareholders frustration and feeling of disappointment with Blue's share price performance. I retain a sizeable stake and would like to see the share price a lot higher. Equally, I try to be honest with myself and the views I have expressed are my honestly held opinions. I could very easily be mistaken and am certainly not saying SatoshiPay will be successful. What I do believe is that the potential upside re SatoshiPay is significant and if they successfully launch Pendelum in the next few months, then SatoshiPay's valuation will increase well above the current £17m. Plenty of people will disagree with my view and that's absolutely fine. Irrespective of SatoshiPay I am more than happy with the esports portfolio performance, especially Dynasty which should exceed the entire valuation of Blue within 6 months. GLAH and okspookie.

[okspookie] 12/6/2021 12:57

Tks for ur detailed response Tony Fabrizi

unfortunately BLU's share price collapsed at the start of 2018

sometime before the market collapse @ the end of 2019

& the failed RTO triggered a further collapse

sadly the exciting potential u have been referring to for years

has yet to materialize into genuine revenues

but we continue to live in hope

[888icb] 12/6/2021 12:14

Thank you hazl. I am pleased to note that a man who knows the inside story tonyfabrizi is of the same opinion.

[hazl] 12/6/2021 11:41

1312 888

What a good post...just flicking through a few bbs over the weekend.

[tonyfabrizi] 12/6/2021 10:08

Hello Mr Spookie, you asked if I wanted to comment on your observations so let me try. But first let me remind you and all other holders of Blue, that the investment strategy of Blue is to invest very early in disruptive technologies, this is a high risk and reward approach. If you look at today’s portfolio, Sthaler/Fingo, is using finger vein technology in a number of applications. Yesterday’s announcement of their tie up with Mastercard is another important step in building their application into a robust global product. Building a company to compete in the global payment and identification space is not easy and is taking a long time but the company continues to make progress and looks likely to succeed. We made the initial small investment in Sthaler of £50k and based on the latest valuation this is worth around £400k. Personally, I would be disappointed if this investment yields less than £500k. The point I want to make is when Blue made this investment Sthaler was very early in its evolution but I liked the tech, could see a wide application and the valuation was low so we made an investment knowing we could lose our money but also that it might provide a 10/20x return.

A similar approach was taken to the esports investments. When this opportunity was shown to us, I fully appreciated it was risky as the businesses were all fledgling but this was a fast growing market, the people bringing the deals had a good track record, were aligned through the warrants and we could acquire significant stakes at relatively low valuations. I am sure all Blue holders are pleased we made this move given the strong performance of the esports portfolio.

Turning to SatoshiPay, we looked at a number of blockchain businesses before selecting SatoshiPay and the main reason I chose them was a belief they were strong technically and the valuation was low, when a lot of investments in the sector had very inflated valuations. Its easy to forget but Blue shareholders were very supportive of this investment at the time and Blue’s share price reached over 0.60p following the investments. The market collapse at end 2019 and the significant fall-out in the crypto market clearly had a negative impact on the market’s view of SatoshiPay and Blue. In addition, the original vertical that SatoshiPay pursued of micropayments for publishers proved unresponsive. Despite these setbacks SatoshiPay’s management with Blue’s support and that of Stellar Development Foundation and Daniel Masters, pivoted the business model to B2B money transfer. This is a challenging move given the scale of the market and the strength of the incumbents, but the prize is also enormous.

The major challenge SatoshiPay has faced in trying to deliver this product is an incomplete tech infrastructure needed to deliver the service on the Stellar network. Although Stellar is a large foundation with a major currency (Lumens:$10bn) they are still some way behind say Ethereum in terms of how their blockchain works and the currency can be deployed. This has I believe been the main delaying factor behind the market launch of Dtransfer.

The Pendelum network project provides solutions to many of these problems. In addition to allowing Dtransfer to fully rollout its platform, it also cements SatoshiPay position as a key component in the workings of the Stellar blockchain. In other words, Stellar is highly incentivised to see SatoshiPay succeed. This is why Stellar have effectively given free money (non-refundable grant) to SatoshiPay to develop Pendelum.

So, in my opinion, while there is still a risk SatoshiPay will fail, the overall chances of it succeeding grow as the relationship with Stellar strengthens and the move towards blockchain and crypto solutions evolves. Blue has invested approx. £1.8m in SatoshiPay for 27% of the business, and personally I believe that will prove to an excellent investment.

[kernel_pult1] 11/6/2021 20:15

Upvoted.

Welcome to the dark side okspookie

Feels good, doesn’t it?

[okspookie] 11/6/2021 18:32

a state of total apathy on the bull thread today

& despite the best efforts to pump the good news from FinGo pay

7 trades registered

says it all really

do you have anything to say about that Tony Fabrizi?

[doodlebug4] 11/6/2021 15:15

I would have thought that good news from FinGo surely would be worth a mention on Blue's twitter feed at least.

[doodlebug4] 11/6/2021 13:57

FINGO PARTNER WITH MASTERCARD TO EXPAND VEIN ID PAYMENTS GLOBALLY

FinGo, the fintech behind the world’s first biometric identity authentication and payments platform, has entered a strategic partnership with Mastercard. The new agreement will significantly expand the company’s global reach, opening up access to a global network of acquirers and millions of merchants worldwide.

The partnership gives FinGo access to the white labelled Mastercard Payment Gateway Services (MPGS) enabling the FinGo to grow its footprint for payment services across Europe, the Middle East, North Africa, Asia Pacific, Australia, and North America.

As part of the partnership, FinGo will be integrating the MPGS tokenisation service to securely store personal data associated with any transactions, which allows registered users to make payments by scanning their unique finger vein pattern. With digital payments on the rise and an increased focus on security for both consumers and vendors, biometric authentication will make payments simpler, quicker and more secure.

The collaboration comes as FinGo continues to augment its technology for non-payment applications. The platform is also used for age verification, identity and membership and loyalty schemes, giving users the ability to register their vein pattern once, facilitating the use of vein ID in a variety of other settings.

Simon Binns, FinGo’s Chief Commercial Officer, commented: “Our partnership with MPGS will allow us to bring biometric payments to a much wider global audience and accelerate our expansion particularly within MENA, which is one of our key strategic regions. With MPGS integrated, we are able to access hundreds of acquirers, and in turn, millions of merchants, to help them make payment transactions as simple and frictionless as possible.

“We’re delighted that MPGS recognises the added value and potential of FinGo, and fully shares our commitment towards making payments accessible for all by embracing biometric identity technology. You don’t need a card or smartphone to pay with FinGo as point of purchase.”

Keith Douglas, Executive Vice President, Payment Gateway Services: “FinGo’s focus on identity-enabled transactions and the work the team is doing in biometric applications will add to the checkout choice vendors can offer their customers. We look forward to working with the team to bring more safe, simple and smart ways to pay.”

Over the last 12 months, FinGo has adapted its solutions to integrate with COVID-support services, including secure contact tracing within hospitality settings and verification of employee COVID test results within the care industry. The company is also in talks with policy makers over the use of FinGo and vein ID for vaccine certification.

The technology is also currently being assessed for use in national and regional identity schemes. In Cairo, FinGo is working with the Egyptian government to apply biometric technology across their healthcare, food subsidy and housing programmes; and in Greater Manchester, Mayor Andy Burnham initiated a working group to explore using Vein ID biometrics for the region’s transport, education and healthcare networks.

financialit.net

[doodlebug4] 11/6/2021 13:51

Pinned Tweet
FinGo
@Fingopay
·
10 Jun
Biometric identity fintech FinGo accesses Mastercard Payment Gateway Services via
@Finextra

[doodlebug4] 11/6/2021 11:41

Leaf Mobile Inc.
@LeafMobileInc
·
18h
.
@InvestGameNet
opened our eyes when it noted #gameinvestments, acquisitions, & public offerings added up to $39 billion in 2021 Q1, higher than the $33 billion that flowed into games in all of 2020.
@deantak

@GamesBeat

@VentureBeat

$LEAF.TO #mobilegames

[blueblood] 11/6/2021 08:42

Happy to raise for new investments if DD identifies opportunities

[trentendboy] 11/6/2021 07:18

Depends on opportunity - fast moving sector in esports

[blueblood] 10/6/2021 20:09

Must try better last raise was less than 2 months ago!

[trentendboy] 10/6/2021 20:08

The funding will be for what? To maintain their position in a company perhaps? For the right company this makes sense but all depends at what price of course..,

[okspookie] 10/6/2021 18:41

i did listen to the presentation

& admit that meinhard totally lost me after about the first 5mns

what's the difference between 1st layer blockchain & 2nd layer blockchain

another few years down the line

are we going to be listening to more R&D on 6th layer blockchain

when is the R&D ever going to end

not ever never as long as Stellar keeps footing their bills

more tax credits

more jam tomorrow

[888icb] 10/6/2021 17:56

If you take the time to listen to the presentation you would realise that the new project will compliment Dtransfer. They have a grant from Stellar for the new staff so no cost to Satoshipay.

[okspookie] 10/6/2021 16:32

SatoshiPay advertising for more staff

how many staff do they need

oh of course they have started up another new company

that explains it

does anyone know how the tax credit system works

for companies who can claim it for R&D grants

[boonboon] 10/6/2021 15:42

Padaigaming is Canadian based so could be Drops rather than Dibbs.

[doodlebug4] 10/6/2021 14:57

Rumours of another placing circulating on the LSE bulletin board. I do hope that's a load of nonsense as it's the last thing shareholders need right now.

[888icb] 10/6/2021 09:59

A very informative post from someone who knows BLU very well on the other thread:
tonyfabrizi10 Jun '21 - 09:31 - 1316 of 1318
0 2 0
Blue’s interim results have to be released this month and I am hoping for an update on the other 5 esports businesses where Blue has a significant stake. The companies are Googly (Indian), Dibbs (all female, US based), Diemens (Australian), Drops (Canadian) and Formation (contact sports European). It appears that Formation (www.formation.gg) and (www.paidiagaming.com) ,assume this is the renamed Dibbs, are active. I cannot find anything on the other 3 although I would be surprised if Drops was a blow out given its Canadian, Bixby and Edwards home territory!

I was pleased with the recent news from SatoshiPay and while I understand the frustration many shareholders feel towards Meinhard and his team, this move plays far more into the strengths of SatoshiPay which is a strong tech business.

If you read the announcement copied below, I see some interesting implications;

“SatoshiPay advises that the Stellar Foundation grant will be used to kickstart the development of the Pendulum network project and develop a proof-of-concept implementation of Pendulum. After completing the initial proof of concept, it is expected that Pendulum will be further developed into a full-fledged decentralised layer 2 blockchain that will be accessible for everyone.
The Pendulum network is a new second-layer blockchain that connects Stellar to the wider Deconstructed Finance (DeFi) ecosystem by adding smart contract support and bridges to Ethereum and Polkadot.

In order to bring more complex features to the Stellar network without sacrificing the network's efficiency, SatoshiPay is planning to build Pendulum, a suite of open, decentralised protocols on which smart contracts can be developed and executed. The Pendulum chain acts as a second layer on top of Stellar, with additional bridges to two of the most popular smart contract platforms, Ethereum and Polkadot.”

In order to achieve the above it is most likely that SatoshiPay will launch their own utility token (ie their own currency). This development is key to the success of Dtransfer and would be a major step forward for the company generally. In my opinion, it would unquestionably increase SatoshiPay’s valuation, potentially very significantly.

Given the solid base provided by Dyansty and Guild (together worth on latest valuations over £7m), Blue’s current market cap of approx. £8.5m, looks very good value.

Finally, my understanding is that the remaining 0.175p warrants lapsed on Tuesday , just leaving the 0.25p warrants which expire in November.

As before, these are my own thoughts, I have not spoken to anyone at Blue. GLAH

[888icb] 10/6/2021 09:51

RE: Vox Markets Podcast: Blue Star Capital's Derek Lew
Good to hear Derek promoting Satoshipay and our Esports investments. He mentions the increase in our NAV and what good value BLU is due to the large discount to NAV it is currently trading at.

Link to podcast
RE: Vox Markets Podcast: Blue Star Capital's Derek Lew

Some communication from the new CEO

[trentendboy] 10/6/2021 09:44

Interesting on warrantsMight explain pinning of the price below 18I suspect the November ones will also expire worthless sadly But hopefully it will get to that price

[davealders] 10/6/2021 09:42

Thanks for your input Tony.
Informative and reassuring for some LTH that are here.
Think i speak for a lot of us that we will be happy when we know the .175 warrants have finally lapsed.
Thanks

[tonyfabrizi] 10/6/2021 09:31

Blue’s interim results have to be released this month and I am hoping for an update on the other 5 esports businesses where Blue has a significant stake. The companies are Googly (Indian), Dibbs (all female, US based), Diemens (Australian), Drops (Canadian) and Formation (contact sports European). It appears that Formation (www.formation.gg) and (www.paidiagaming.com) ,assume this is the renamed Dibbs, are active. I cannot find anything on the other 3 although I would be surprised if Drops was a blow out given its Canadian, Bixby and Edwards home territory!

I was pleased with the recent news from SatoshiPay and while I understand the frustration many shareholders feel towards Meinhard and his team, this move plays far more into the strengths of SatoshiPay which is a strong tech business.

If you read the announcement copied below, I see some interesting implications;

“SatoshiPay advises that the Stellar Foundation grant will be used to kickstart the development of the Pendulum network project and develop a proof-of-concept implementation of Pendulum. After completing the initial proof of concept, it is expected that Pendulum will be further developed into a full-fledged decentralised layer 2 blockchain that will be accessible for everyone.
The Pendulum network is a new second-layer blockchain that connects Stellar to the wider Deconstructed Finance (DeFi) ecosystem by adding smart contract support and bridges to Ethereum and Polkadot.

In order to bring more complex features to the Stellar network without sacrificing the network's efficiency, SatoshiPay is planning to build Pendulum, a suite of open, decentralised protocols on which smart contracts can be developed and executed. The Pendulum chain acts as a second layer on top of Stellar, with additional bridges to two of the most popular smart contract platforms, Ethereum and Polkadot.”

In order to achieve the above it is most likely that SatoshiPay will launch their own utility token (ie their own currency). This development is key to the success of Dtransfer and would be a major step forward for the company generally. In my opinion, it would unquestionably increase SatoshiPay’s valuation, potentially very significantly.

Given the solid base provided by Dyansty and Guild (together worth on latest valuations over £7m), Blue’s current market cap of approx. £8.5m, looks very good value.

Finally, my understanding is that the remaining 0.175p warrants lapsed on Tuesday , just leaving the 0.25p warrants which expire in November.

As before, these are my own thoughts, I have not spoken to anyone at Blue. GLAH