Blue Star Capital Share Discussion Threads

[okspookie] 15/10/2021 14:28

if ur referring to kernel

then i suggest u need to refresh ur memory

& read posts 816,819,825,828,829

& a few others

[hazl] 15/10/2021 11:43

I also see that the poster who shouts loudest has been negative from his very first post here late September 2019.
When the share has risen from that point a couple of times, I have never seen a positive post from him.

[kernel_pult1] 15/10/2021 10:52

Not necessarily Hazl, some of us want to see these gaping holes in the business addressed and resolved so it can grow and move forward.

All we have at the moment at Satoshipay is an idiot squashing bugs and being left to his own devices with no outfacing tangible progress, no contract wins, no contracted revenues, whilst creaming a likely sizeable salary every for himself every month and the business collectively burning through between €80k - €100k a month. I see Tony has said nothing on this subject which infers that my educated guess is probably correct.

[hazl] 15/10/2021 10:02

Clearly those that spout negatives loudest, have least interest in this share rising.

I have only a few here,running on their profit, so perhaps in fairness I have least to lose.

However I reduced in many shares as the stock market looked risky, at the time not because BLU looked dodgy or I would have sold out completely.

I don't understand what is going on but I think 888 has had a lot to put up with.

[888icb] 15/10/2021 08:42

We now know that the shareholders have the ability to make the board listen and take appropriate action. If Tony’s scenario comes to pass Dynasty will have IPOed and become a liquid asset as it could be sold in the market. If Satoshipay comes good then one would imagine our interest could be sold quite easily. In such circumstances the board could declare a dividend to put the cash in shareholders hands or the Shareholders could vote to wind up the company and have the funds distributed.

[kernel_pult1] 15/10/2021 08:36

“ they may simply be trying to lower the price.“

So now you’re trying to pass the buck onto critical shareholders for the dreadful price action?

The price action is already horrendous, mr market doesn’t give two hoots about what me or spookie post on a poxy bulletin board.

“So from Blue's perspective we are about to enter a phase when the value of SatoshiPay could rise significantly.”;

Sorry Tony, but as a shareholder of several years I’ve heard this same false dawn about a million and one times now. You’re like a broken record. I can’t believe how gullible you are as former CEO to fall for and believe Meinhards baseless pledges.

I note you said nothing on the Moneygram business deal with Stellar and their subsequent international roll out in 2022.


I get that you are the one who ploughed all the money into Satoshipay in the first place, so you will defend them until the cows come home, but come on, €80k - €100k cash burn a month for a company generating microscopic revenue is pretty ridiculous, isn’t it? (I also note you didn’t comment on that either).

You’re relying on news hitting? When lol? 2022?

Come on meinhard you absolute chocolate fireguard - Do something!

[hazl] 15/10/2021 08:36

Baproda as Tony is more involved with the company than any of us surely it is more than a view?

[hazl] 15/10/2021 08:34

I have certainly noticed the first element and often not at a discount.
Interesting the rest of the piece.

[hazl] 15/10/2021 08:33

'Over the past 2 years SatoshiPay has managed to raise funds from SDF with no dilution to equity holders, this is a great achievement but completely ignored by certain posters. It has diversified away from micropayments to money transfer and now further developed with Pendulum. Pendulum is the key development in my opinion as this is building core infrastructure for Stellar Development Foundation, now worth over $9bn. I suspect SDF will want to own a lot more of SatoshiPay as Pendulum grows.'

[hazl] 15/10/2021 08:31

I also,Tony, appreciate your post .


Would be great if this billboard disappeared I suspect, but unlikely unfortunately.

Agendas abound!

IMO

[tonyfabrizi] 15/10/2021 08:04

I see my suggestion we wait for formal news went down well with certain posters on these threads!

I dont care what spookie KP think about the Blue portfolio as they clearly have their own agenda and fair enough. They may hold their views honestly or they may simply be trying to lower the price. Personally, I have no interest in their views and I suspect most sensible posters feel the same.

Since most of the criticism on the BB centres around SatoshiPay lets take a look at this investment from a Blue perspective.

Blue has so far invested £1.8m in SatoshiPay and owns almost 28% of the company. The last fund raising in SatoshiPay with outsie investors valued the Blue stake at circa £5m.

Over the past 2 years SatoshiPay has managed to raise funds from SDF with no dilution to equity holders, this is a great achievement but completely ignored by certain posters. It has diversified away from micropayments to money transfer and now further developed with Pendulum. Pendulum is the key development in my opinion as this is building core infrastructure for Stellar Development Foundation, now worth over $9bn. I suspect SDF will want to own a lot more of SatoshiPay as Pendulum grows.

The funding raised through Pendulum will help fund SatoshiPay for the foreseeable future, so limited further dilution for Blue and other SatoshiPay shareholders. Pendulum will also generate fees for SatoshiPay and assist with the development of Dtransfer.

So from Blue's perspective we are about to enter a phase when the value of SatoshiPay could rise significantly.

We all agree that Dynasty is doing very well and is valued on last raise at £5m in Blues books. On flotation next year it's probably worth £10m to Blue.

In summary, Dynasty £10m and SatoshiPay anywhere between £5-10m. NAV of £15m to £20m ignoring everything else so 0.30p to 0.40p per share.

I will not be commenting again until we have the news on Pendulum.

GLAH

[kernel_pult1] 15/10/2021 06:17

What a feeble response 888, you’re clearly in denial and can’t face up to the fact that I’ve been right about Satoshipay being a sh*t show ever since I made this account.

[okspookie] 14/10/2021 20:31

Tony was responsible for getting us into this mess

in the first place

endless fund raisings

to pump more into satoshipay

hardly surprising he doesn't want to converse

about BLU's share price car crash

[888icb] 14/10/2021 20:21

The large shareholders and Tony have put in a lot of effort to get the options reversed. I think they clearly see a lot more in BLU than the very negative posters who frequent this board. Ungrateful bar stewards springs to mind. I am not surprised that Tony has decided not to converse with you.
Tony knows a lot more about BLU and particularly Satoshipay than you lot will ever know. I am happy to await the next news.

[okspookie] 14/10/2021 20:20

nailed it kernel

great post

summed it all up perfectly

& sadly it's all true

[kernel_pult1] 14/10/2021 20:14

Well the likes of Tony, 888 are speculating on Satoshipay coming good. Some of the indicators I’ve used to conclude that it’s an absolute car crash are as follows;

The CEO, Meinhard, tweeting about 2019 being a successful year when the year end accounts showed a €3.2m loss.

11 clients for b2b from last Dec RNS, 11? Really? An absolutely pathetic figure.

17 staff members in a team photo last year
, 17 x €40,000 = €680,000. Add in your Berlin city centre office rent, rates, equipment etc then you’re pushing €1m overheads per annum easy. So at least €80k per month cash burn.

Satoshipay never gained any traction whatsoever
Dtransfer has gained no traction whatsoever. Pendulum has gained no traction so far - evidenced by meinhards silly zoom call where a grand total of about 3 people logged in. People do not care about his vapourware. People will only sit up and take notice if he can actually start making money.

Meinhards track record is awful, he’s never delivered on anything to date. Tony has been left with egg on his face multiple times now from pledging deadlines which have been missed by a country mile.

Let’s take an extract from Daniel Masters, investor in Satoshipay from 2019, “SatoshiPay holds my personal record for the shortest time to reach a decision to invest.”

Well Daniel, I bet you wish you had done a bit more due diligence now, don’t you?

Things just go from bad to worse.

As spookie says, their silly medium article about their testnet going live suggests that they are years away from actually generating any sort of decent revenue.

But by that time Meinhard will have spun another yarn, created a new company and for the fanboys the clock will reset to zero again and all the previous years will have been forgotten about.

Seriously, how naive can one get thinking Pendulum is going anywhere?

Let’s hear from the Moneygram CEO taken from a recent article 2 days ago: ”Given our expertise in global payments, blockchain, and compliance, we are extremely well-positioned to continue to be the leader in building bridges to connect digital currencies with local fiat currencies”

They are doing pretty much exactly what Pendulum was supposed to do, the difference is that they are about 10 steps ahead and have won the business. Stellar have chosen their payment guys and it’s Moneygram. All they will do is continue to feed Satoshipay a bit of cash for them to act as a validator node in whatever guise… we’ve already had convertible loan notes, lumens, bailouts, grants, r&d funds, what next? It’s getting ridiculous.

Why can’t Satoshipay stand on their own two feet yet?

Because meinhard is useless

[kernel_pult1] 14/10/2021 17:42

It appears as though Tony is deflecting/not wanting to answer my questions which is fair enough.

If you can’t stand the heat, then get out the kitchen

[activmojo] 14/10/2021 13:56

It will be interesting to view the recent canceled share option scheme in light of the next news release. 😉
Anyway my thanks to those shareholders who made the effort to reverse the share option scheme. If I was one of those directors in the scheme, I'd be buying on the open market to show my commitment to share holders.