Stanley Gibbons Share Discussion Threads

[ternian] 04/11/2021 06:58

Stamp was sold out in under a sec. It is one of the worst apps I have seen in while - so clunky and full of bots. The sign-up system has nothing to stop bots (a common complaint). The only registration system is an email addy. The only 'anti-bot' is after you are successful in getting an item (with a CAPTCHA system). Also, VeVe is yet to be backed by any crypto even though it accepts Omi. Any funds you invest cannot be withdrawn at the moment. So its a total artificial bubble environment. Also, many of these NFTers have no understanding of the philatelic community and think they have just obtained a 1c Guano. LOL. Prices were $6 USD for a drop and the common stamp has been hovering around $50USD, the rarest went up around $800USD with each value having 400 avg available on the market now. Everyone is expecting NFTs to be dumped when Disney come on board in the next week. Would this appeal to stamp collectors? Absolutely not.

[twixy] 02/11/2021 20:27

Actually, it was 0.3 of a second.

[twixy] 02/11/2021 20:25

USPS NFTs sold out in seconds.

[jasdan] 02/11/2021 11:22

Certainly been a wall of buying this morning, but we really need this to go on for a number of days to get us out of this trading range.

This share should be multiples of its current price.

[clocktower] 02/11/2021 11:12

How things can turnaround with just one very special stamp.

[twixy] 02/11/2021 07:55

It will be sold out in minutes.

[ternian] 01/11/2021 23:01

This USPS drop through VeVe is a good approach for the stamp collector.

[twixy] 01/11/2021 19:15

Here is the first mainstream postal service NFT and they do not get any bigger:hTTps://i2.wp.com/nftnewstoday.com/wp-content/uploads/2021/11/1JzyGDID4Hxij_GdogKPa9A.jpeg?fit=1400%2C700&ssl=1

[clocktower] 01/11/2021 15:21

At least the 1c Magenta has sparked a lot of interest in SG as can be seen by the influx of posts of late.

I notice there has also been renewed buying in the stock.

Upwards and onwards.

[ternian] 31/10/2021 02:48

"As far as I know, the initial offering of pieces of the 1c Magenta will be limited in number" - There is nothing that has been stated that the release will be limited in number.

[deniro33] 29/10/2021 15:42

I went again through this bit and must say that I didn't find any contradictions. The only difference is that my post was shorter and yours longer. Bottom line is that the way they're planning this seems to make a solid bit of a business- Smaller or bigger, time will tell. This is all I tried to shortly say.

[ternian] 28/10/2021 23:21

The first release of the Guano offer is only limited to those who signed up but not to the amount offered (other than a max 10% ownership). I think people are interpreting that incorrectly.

"When we go live in November, we will initially limit the sale of the ONE CENT Magenta to those that have signed up for early access or those that have previously expressed their interest to Stanley Gibbons.

During this period, we will offer pieces of the stamp for purchase at an introductory price that won’t be available once we move to general release. If you haven’t already, then sign up for early access above to take part."

[jasdan] 28/10/2021 23:14

1m purchase this afternoon

[ternian] 28/10/2021 22:44

The Austrian stamps ARE NFTS. They were the first in the world in 2019. The stamps provide an Ether token which is a form of NFT. Switzerland I think is the most current country to release NFT stamps.

There is more value to stamp collectors of an NFT backed by an authorised postal service than the thousands of homemade crypto stamps (digital cinderellas).

[twixy] 28/10/2021 13:49

The Austrian products are not NFTs. What you are referring to is a physical stamp with a mirror on the blockchain.NFTs are entirely different and currently, do not have a physical counter party.I agree the shared ownership is flawed - why share the economic benefits when you can make that asset sweat via NFTs

[deniro33] 28/10/2021 13:24

As far as I know, the initial offering of pieces of the 1c Magenta will be limited in number and only available to a select audience. - That would suggest that there shouldn't be a problem with the plan. Also let's not forget that the 1c. Magenta is only a 1 piece of the SGI business...

[ternian] 28/10/2021 08:49

Not 5,000 investors....5,000 people who want to keep up with the news. 5,000 people who thought they would be okay to part with £10. This was just a database and converting to purchases is quite different.

But let's say each person invests £100...that's £500,000.

They need each 'investor' to spend £1660 to JUST BREAK EVEN - even before they cover all the excess expenses like their £30,000 display case.

[jasdan] 28/10/2021 08:33

On the contrary, SG have already reported that over 5000 investors have signed up for the new fractional ownership which appears to have been ahead of their own estimates

[ternian] 28/10/2021 07:28

That's kinda like saying you own your house when you have a 100% mortgage. This is just accounting smoke and mirrors. You would need to be crazy to think SG actually own this thing...

Add to that, the house you 'own' you can only sell IF the bank thinks the price is worth it, the house is in a neighbourhood of declining value, you paid premium price for the house and you're basically bankrupt. LMAO.

It is more likely that SG will go out of business before they will find a buyer that will pay MORE than they did.

[creme de menthe] 28/10/2021 06:45

Ternian, I must correct you when you say Phoenix owns the stamp. SGI have a 5 year interest free loan from Phoenix so SGI have the debt, but the stamp reverts to Phoenix in the event of a default.

CdM

[ternian] 28/10/2021 02:58

There are two parts of this deal - one is fractional ownership in which SG (Phonenix) hopes to make a £1.8m return. Then there is the 'digital copy' that investors will receive which Castelnau will trade on their own 'NFT' platform (no fees etc yet released on this). The digital copy is the 'crypto stamp' in this whacky ideal. So you have Shircore/Phoenix with their hands in all the pies using the SG name. Collector sentiment is highly negative so Phoenix are going to desperately need to appeal to the crypto/NFT market to try get them onboard. Phoenix own this stamp - not SG. SG is simply the name whacked on the product to try and sell it.

[deniro33] 27/10/2021 22:54

Yes, but I understand there’s a difference between a crypto stamp as such, and a fractional ownership in a physical stamp which may be offered (a certain value is “locked”in the stamp as long as it’s in one piece). I think I understand it right…

[ternian] 27/10/2021 22:22

Austria continues to sell out of its Crypto stamps with a print run of appx 100,000. Prices doing well. HOWEVER, they back crypto with a REAL stamp that the owner can keep - not a jpeg file. LOL

[creme de menthe] 27/10/2021 21:59

Earnings release is 24th Nov.

[creme de menthe] 27/10/2021 21:51

I am hearing interest in the BG fractional ownership is low.
Plus the fact Phoenix has derisked their debt with Castelnau IPO. SGI is bankrupt held together by Phoenix in a declining industry. SGI do not have enough stock to cover their debt and not many collectors are going to sign up for the nft scam. SGI is in dodo territory and only an investment for the brave or foolhardy IMO.