Blue Star Capital Share Discussion Threads

[fairenough11] 02/11/2021 08:07

Cheers Tony.

Future looks a lot more positive after the Pendulum raise and the ramifications for Satoshipay--Blue Star.

[tomboyb] 02/11/2021 08:05

Very good news -

Lets see this at 0.20p+ -

[johno1977] 02/11/2021 08:05

Fantastic news. Congratulations Satoshipay and we'll done all holders here. Could be a very exciting few months.

[tonyfabrizi] 02/11/2021 08:02

Fantastic news from SatoshiPay this morning, launched its own crypto currency, raising $5m in an over-subscribed sale with some excellent investors. Although it’s taken longer than anticipated, today’s news means Blue’s 27.7% shareholding in SatoshiPay must be worth considerably more than Blue’s closing market cap last night of £5.5m.

In summary, SatsoshiPay has launched Pendulum, a wholly owned subsidiary, from which SatoshiPay will derive significant monthly income and PEN tokens. Just to remind everyone, SatoshiPay has built its business with no recourse to shareholders funds for over 2.5 years.

Pendulum is an open-source blockchain that aims to establish the missing link between fiat and the DeFi ecosystems through a sophisticated smart contract network. Pendulum will connect DeFi to the foreign exchange market, building automated market makers to introduce scalable liquidity pools for fiat currencies, and create yield earning opportunities for fiat token holders.

In todays announcement by Pendulum there are 2 quotes copied below that are worth considering:

Daniel Masters, Executive Chairman of CoinShares:
"The crypto industry is now enabling new business models made possible only by distributed ledger technology and DeFi may be the most significant product to date. I am excited to be supporting SatoshiPay and the Pendulum project. In my view, this initiative, along with many others currently in operation or underway, will entirely re-plumb the legacy banking and financial market infrastructure within the next decade."

Susanne Fromm, CEO of coinIX:
“At coinIX we are excited to be supporting Pendulum as an early investor. Pendulum is creating bridges between fiat stablecoins in the Stellar, Ethereum and Polkadot ecosystems. This provides DeFi yield opportunities to new user groups and further promotes the mass adoption of decentralized financial systems.”

So, what does this mean for Blue’s valuation? If we assume Blue’s investments other than SatoshiPay and Dynasty are worth conservatively £1.5m, Dynasty’s most recent valuation was around £4.5m but will probably be worth circa £10m when it floats in first half of next year. So, let’s say approx. £10m without SatoshiPay.

Blue’s current carrying value for SatoshiPay is circa £5m. This valuation has not changed since March 2019 but in the meantime blockchain and crypto have continued to show strong growth and SatoshiPay have also built a strong relationship with SDF and now in today’s announcement they are working with Polkadot and Ethereum. Moving forward they will be generating significant earnings from Pendulum, a wholly owned subsidiary, and they are well positioned in the rapidly expanding Defi sector. There is an awful lot to like about where SatoshiPay is now positioned. The old valuation of SatoshiPay of £17m clearly significantly understates its true value. Is SatoshiPay worth £30m/£50m/£100m/£??? None of us know, but there is absolutely no doubting that the future looks very bright for SatoshiPay and Blue Star.

Finally, congratulations to Meinhard and his team; like all good management teams they have reacted to set-backs, pivoted and now come back stronger than ever.

Link to Pendulum blob below

[tonyfabrizi] 02/11/2021 07:59

Pendulum blog copied below

[tonyfabrizi] 02/11/2021 07:53

Fantastic news from SatoshiPay this morning, launched its own crypto currency, raising $5m in an over-subscribed sale with some excellent investors. Although it’s taken longer than anticipated, today’s news means Blue’s 27.7% shareholding in SatoshiPay must be worth considerably more than Blue’s closing market cap last night of £5.5m.

In summary, SatsoshiPay has launched Pendulum, a wholly owned subsidiary, from which SatoshiPay will derive significant monthly income and PEN tokens. Just to remind everyone, SatoshiPay has built its business with no recourse to shareholders funds for over 2.5 years.

Pendulum is an open-source blockchain that aims to establish the missing link between fiat and the DeFi ecosystems through a sophisticated smart contract network. Pendulum will connect DeFi to the foreign exchange market, building automated market makers to introduce scalable liquidity pools for fiat currencies, and create yield earning opportunities for fiat token holders.

In todays announcement by Pendulum there are 2 quotes copied below that are worth considering:

Daniel Masters, Executive Chairman of CoinShares:
"The crypto industry is now enabling new business models made possible only by distributed ledger technology and DeFi may be the most significant product to date. I am excited to be supporting SatoshiPay and the Pendulum project. In my view, this initiative, along with many others currently in operation or underway, will entirely re-plumb the legacy banking and financial market infrastructure within the next decade."

Susanne Fromm, CEO of coinIX:
“At coinIX we are excited to be supporting Pendulum as an early investor. Pendulum is creating bridges between fiat stablecoins in the Stellar, Ethereum and Polkadot ecosystems. This provides DeFi yield opportunities to new user groups and further promotes the mass adoption of decentralized financial systems.”

So, what does this mean for Blue’s valuation? If we assume Blue’s investments other than SatoshiPay and Dynasty are worth conservatively £1.5m, Dynasty’s most recent valuation was around £4.5m but will probably be worth circa £10m when it floats in first half of next year. So, let’s say approx. £10m without SatoshiPay.

Blue’s current carrying value for SatoshiPay is circa £5m. This valuation has not changed since March 2019 but in the meantime blockchain and crypto have continued to show strong growth and SatoshiPay have also built a strong relationship with SDF and now in today’s announcement they are working with Polkadot and Ethereum. Moving forward they will be generating significant earnings from Pendulum, a wholly owned subsidiary, and they are well positioned in the rapidly expanding Defi sector. There is an awful lot to like about where SatoshiPay is now positioned. The old valuation of SatoshiPay of £17m clearly significantly understates its true value. Is SatoshiPay worth £30m/£50m/£100m/£??? None of us know, but there is absolutely no doubting that the future looks very bright for SatoshiPay and Blue Star.

Finally, congratulations to Meinhard and his team; like all good management teams they have reacted to set-backs, pivoted and now come back stronger than ever.

[stoxx67] 02/11/2021 07:30

thanks for the info Tony, the long journey seems to have borne fruit.

[hazl] 02/11/2021 07:25

Strange I was only looking at these yesterday wondering whether to add .

[hazl] 02/11/2021 07:21

Yes.
What a pity the several shareholders, particularly on this thread,haven't had more patience and faith in Blue Star.

[stoxx67] 02/11/2021 07:14

"Pendulum has contractually appointed SatoshiPay to build the Pendulum blockchain and this contract will be satisfied through a combination of cash and PEN tokens which will generate significant revenues for SatoshiPay for a number of years"

Revenue finally mentioned, prefixed with significant. as a shareholder , if you like hearing two words, its those

i also quite like the word Oversubscribed ...... as a shareholder too.

Finally, the satoshibashing should come to an end, it would seem they have finally albeit on a far greater time line than anticipated, achieved.

[hazl] 02/11/2021 07:14

Fantastic news !

[tonyfabrizi] 02/11/2021 07:10

Fantastic news from SatoshiPay this morning, launched its own crypto currency, raising $5m in an over-subscribed sale with some excellent investors. Although it’s taken longer than anticipated, today’s news means Blue’s 27.7% shareholding in SatoshiPay must be worth considerably more than Blue’s closing market cap last night of £5.5m.

In summary, SatsoshiPay has launched Pendulum, a wholly owned subsidiary, from which SatoshiPay will derive significant monthly income and PEN tokens. Just to remind everyone, SatoshiPay has built its business with no recourse to shareholders funds for over 2.5 years.

Pendulum is an open-source blockchain that aims to establish the missing link between fiat and the DeFi ecosystems through a sophisticated smart contract network. Pendulum will connect DeFi to the foreign exchange market, building automated market makers to introduce scalable liquidity pools for fiat currencies, and create yield earning opportunities for fiat token holders.

In todays announcement by Pendulum there are 2 quotes copied below that are worth considering:

Daniel Masters, Executive Chairman of CoinShares:
"The crypto industry is now enabling new business models made possible only by distributed ledger technology and DeFi may be the most significant product to date. I am excited to be supporting SatoshiPay and the Pendulum project. In my view, this initiative, along with many others currently in operation or underway, will entirely re-plumb the legacy banking and financial market infrastructure within the next decade."

Susanne Fromm, CEO of coinIX:
“At coinIX we are excited to be supporting Pendulum as an early investor. Pendulum is creating bridges between fiat stablecoins in the Stellar, Ethereum and Polkadot ecosystems. This provides DeFi yield opportunities to new user groups and further promotes the mass adoption of decentralized financial systems.”

So, what does this mean for Blue’s valuation? If we assume Blue’s investments other than SatoshiPay and Dynasty are worth conservatively £1.5m, Dynasty’s most recent valuation was around £4.5m but will probably be worth circa £10m when it floats in first half of next year. So, let’s say approx. £10m without SatoshiPay.

Blue’s current carrying value for SatoshiPay is circa £5m. This valuation has not changed since March 2019 but in the meantime blockchain and crypto have continued to show strong growth and SatoshiPay have also built a close relationship with SDF and now in today’s announcement they are working with Polkadot and Ethereum. Moving forward they will be generating significant earnings from Pendulum, a wholly owned subsidiary, and they are well positioned in the rapidly expanding Defi sector. There is an awful lot to like about where SatoshiPay is now positioned. The old valuation of SatoshiPay of £17m clearly significantly understates its true value post today's news. Is SatoshiPay worth £30m/£50m/£100m/£??? None of us honestly know, but there is absolutely no doubting that the future looks very bright for SatoshiPay and Blue Star.

Finally, congratulations to Meinhard and his team; like all good management teams they have reacted to set-backs and criticism, pivoted and now come back stronger than ever.

[kernel_pult1] 02/11/2021 07:03

Finally some news

[kernel_pult1] 29/10/2021 20:04

Well it’s the end of Oct & Nothing from Satoshipay

There’s evidently some major, major issues over there. Even the ex-CEO of BLU is now 4 months wrong with his prediction of when the fund raise would happen (he originally said he would be very worried if news didn’t hit by end of Jul)

So if Tony Fabrizi himself hasn’t got a clue then what hope do any of us have?

Give me 0.2p, I’ll take it and write this off as a bad job

[johno1977] 29/10/2021 17:52

Satoshipay news overdue....Hopefully we won't have to wait too much longer for these muppets to release an rns and improve the poor sentiment in place.

[ragnarr] 29/10/2021 11:48

If anyone is interested -probably not..Building Blockchain Bridges: A Stellar-Pendulum Bridge Case Studyhttps://pendulum-chain.medium.com/building-blockchain-bridges-a-stellar-pendulum-bridge-case-study-7ca108032e40

[888icb] 28/10/2021 00:43

The last news we had was the Interim report at the end of June. Clearly we don’t need news about Gild from Blu as it’s a listed company we can watch everyday ( not pretty).
However recently we had the Option Scheme and it’s cancellation because of shareholder pressure. The only positive that I can take is that the Directors thought it was worth while to put the scheme in place. They are presumably optimistic about the share price rising and wanted to get it in place before that happened. They originally announced the Option scheme on 24th September and they would not want to announce major news immediately after that as it wouldn’t look good. We are now just over a month later which would be a reasonable gap. I would anticipate news fairly soon and from what we have heard it should be from Satoshipay. Just a thought.

[doodlebug4] 27/10/2021 20:04

Any news here to report? Last one to leave please put the lights out, thanks.

[kernel_pult1] 26/10/2021 19:50

Looks like a couple other like-minded BLU shareholders are questioning meinhard the chocolate fireguard via Twitter - in particular about his latest upcoming silly waste-of-time fruitless blockchain talk.

I maintain the same view which is as follows - Where have all the other silly blockchain talks he has done in the past got us? Quite simply, nowhere (ahem, look at the share price).

All it is is just a load of blockchain idiots sitting in an echo chamber supporting each others views on their various blockchain projects, 95% of them nothing but pure vapourware. Meinhard the chocolate fireguard included within that 95% (ahem, still no meaningful revenues in sight)

A bunch of tech geeks ramping each others ideas which in the real world nobody cares about.

This goes from bad to worse, and Tony has the audacity to blame frustrated shareholders for the poor price action and that we are trying to 'talk the price down'.

Well Tony, I don't need to do anything to influence the horrendous price action, your all-time hero over at Satoshipay has done that all by himself, without the help from me or any other genuine frustrated shareholders.

To top things off, we've got posters on this board who in recent weeks have made comments about selling their holdings into any rise, in order to get out and call it a day, which is a bit frustrating because that creates further future selling pressure.Just when we've perhaps got to the tail end of one major seller, out come another 5. It really does just showcase how far meinhards ineptness and his inability to do anything useful is spreading.

Days turn into weeks, weeks turn into months, months turn into years.... wasted, with nothing to show for it other than huge, eye-watering losses, followed by further dilution at BLU. (1.7bn shares approx 4y ago compared to 4.9bn now), circulation nearly tripled...

When is the worlds biggest chocolate fireguard going to do something? I don't think he has much left to offer now that Stellar have chosen Moneygram and Circle to transfer money around the globe.

[okspookie] 26/10/2021 18:22

meinhards days of surviving on just hot air

must be running out

Derek Lew shud have pulled the plug

on the this waste of space many moons ago

& added to that

Gild going down the pan

Blus investment in nft going down the pan

what an utter shambles

[kernel_pult1] 25/10/2021 17:57

It’s all ok spookie because meinhard gets to travel on someone else’s dime to continue scratching his travel itch.

I’m sure before he’d said he’d travelled to over 50 countries in an interview

Never mind more fund raises, we want to see where the revenue is coming from. The worlds biggest chocolate fireguard has had long enough.


Tony F said he would be ‘really worried’ if the fund raise was not completed by end July.

I wonder how worried he must be feeling now with only less than one week left in October!

[okspookie] 25/10/2021 14:43

hot news from Satoshipays latest tweet

meinhard speaking at a blockchain conference in the Ukraine

Nov 3

about Pendulums latest developments

more technical blah blah blah

how's the latest fundraising going meinhard?