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Pablo - you still havnt answered my question, you have simply deflected away from it. You claim to be a shareholder because of the potential of other BLU investments, while continually posting the same repeated negative comments regarding Satoshipay, some of which have credence, but the repetitive nature of your posting naturally puts doubt into your claim. So please put me right and confirm what of the investments you do see ‘great potential’ in.
My response was pretty clear "I had completely missed how bad things have gone for Blu"
I genuinely thought all of the eSports investments were still active. Forgivable I guess, considering Blu still claim to have all 11.
Between eSports and NFT, Blu's portfolio had great potential. So many investments going to zero and not being acknowledged is appalling
Pablo - I cant disagree regarding the e-sports portfolio, Investments overseen one assumes by Derek Lew.
so I assume as you also think Satoshipay is all Jam as well you will now be selling up and moving on.
Do you misunderstand on purpose?
Suggesting someone should sell because they criticise SatoshiPays undeniable history of failure, is exactly the apologist, cheerleading behaviour I complain about here.
SatoshiPay have fantastic technical resources, capable of making cutting edge tech but without a business brain they constantly make worthless products. Evidenced by the past 6 years.
I'll stay invested, your permission is not needed, in the hope they stumble into something valuable. But if the opportunity is missed, it's because the largest shareholder sat back and waited for it to be different next time
Having read through the posts, out of the eleven investments in Formation, Leaf, Google, Diemens, NFT, ST Haler, DIBS, Drops, Dynasty, Satoshipay and Guild, there are actually five investments in the portfolio?
I didn’t suggest you do anything and never would. I simply assumed that as you don’t believe Satoshipay or now the other investments will make any money here the logical decision would be to sell and move on to where you believe you will make some money.
Either way good luck.
Just ignore him ragmarr he is just a troublemaker most of us are very grateful for the excellent coverage and input you make on blu carry on the good work
AP - it's difficult to find anything concrete but appears that:
Formation and Drops have gone:
https://pitchbook.com/profiles/company/439460-20
https://pitchbook.com/profiles/company/432826-66#overview
Googly is mothballed, pending reinvention, with £78k in assets remaining (less than Blu paid for an 11% stake)
https://find-and-update.company-information.service.gov.uk/company/12229297/filing-history
DIBS social media was last updated 2.5 years ago, and their linked website is dead:
https://twitter.com/dibsesports?lang=en-GB
Equally little information or activity for Diemens.
I'm sure uncomfortable truths will be dismissed as 'trouble causing' but this is what happens when investors are rose tinted cheerleaders who don't like questions
Not sure why you still post here Bowlers.
I thought you'd retire to the Carribbean with your high rolling 7.5k profit you were boating about. And btw - have you actually lost money on Argo?? A share that almost 100 bagged, and you've managed to lose? Lol
Paper loss only Pablo it will go up as will blu
Just back from the Maldives actually
a fair post @ragnaar
i'm happy mission accomplished , Lew is gone, he was a Leech who offered nothing for the fees BLU paid.
he's gone , great, end of, lets move forward.
TF being back is excellent, he can at least pick things up where lew left them, a couple of years ago.
he has the relationships already, he knows the finances , the costs the investees and more importantly he can sort out the HL rubbish and get a balanced RNS out to the market of Blue Stars current and future potential. Something Lew seemed either unwilling or incapable !!
await the update !!!
@gazzleberry
concurr !!
certainly some of the esports "investments" that DL got us involved in , need to be written off, googly et al ...
BLU has only a need to deliver on Satoshipay and Dynasty to get a decent return.... back to 0.6 or thereabouts..
if Pendulum becomes something special , as shareholders indeed hope, then much higher than 0.6
resolve HL debacle, get an investee update out to the market via RNS and we are someway to repairing matters.
You meant onwards and downwards : (
Any idea why Mark has sold Nick? He was adamant a few weeks ago that he was buying more, only to sell yesterday. The worrying thing for me is that he has the ear of Lew (so he tells us). Lew leaves and Mark sells???
Not impressed...
Steamy - I am not sure you are correct in that statement.
Viera - care to expand on that comment ?
Bloody el gazzleberry calling GST incestuous while being invested in BLU is somewhat the pot calling the kettle black
Gaz, how did you conclude GST is incestuous? Eight members of the BoD and management own 53% of the company so they have plenty of skin in the game which is exactly how it should be. Blu has two individual major shareholders which judging by the last few days, can sink the Sp at will. The outgoing CEO has 200m which he may dump and the incoming CEO when he was previously CEO owned 24m shares so pocket change invested.
I mean mark says onwards and upwards and yet shortly after dumps 125m shares !! So it’s more like onwards and downwards !! : (
Not sure if he sold cos Lew left ,doubt it
Maybe he’s decided he prefers another share
Good luck to him
Just next time leave it a week to sell after a onwards and upwards comment !!
Viera - thanks for clarification.
Although most of my focus is on the Satoshipay investment I Thought It would be a good idea actually review the companies holdings as there are clearly some write offs as well as the ‘star’ potentials. Hopefully Tony will see this and start off his new tenure with an open and honest update.
Guild - current value approx. £400k
Dynasty - current value approx. £4.8M (based on a 50m USD fund raise valuation April 2021)
East side Games (leaf Mobile) - value approx. £110k
Googly Esports - value zero
The Dibs Esports – Value zero
Diemans Esports - Value zero
The Drops Esports - Value zero
Formation Esports - Value zero
Satoshipay – current approx. value estimated at £4.5m (based on last fundraise in 2019)
Sthaler – current value approx. £387k
NFT Investments – current value approx. £200k
Total value currently around 10.5m with approx. £200k in cash
So without concrete progress and or updated valuations the SP has now fallen well below NAV and currently represents good value so I personally don’t see any further significant drops from here
It looks to me that all the e-sports start-ups are basically write-offs. There has been talk about Googly Esports doing something, but the latest set of accounts (Sept21) it states:
“On October 2021 Googly Media Holdings Pte Limited, a Singaporean entity, acquired 100% of the Company from the shareholders with the intension of creating a group with sufficient funding to recommence the esports business plan originally proposed by the company.”
So I think we can thank Derek Lew for this lot of wasted investments and hopefully Tony will come clean and start with a clean slate.
The reality is that there are only two potential blockbuster investments, Guild, Sthaler, East side games and NFT investments may well grow from here but in the scheme of things it only is Satoshipay and Dynasty that have the potential to substantially increase the SP from here.
I think based on the last years activity with Dynasty it is almost certainly now worth considerably more that the last valuation but I think we are in the hands of market conditions before we hear of IPOs or Buyouts again.
Satoshipay for me has the biggest potential by far but at present it is only that. Everything is all being developed according to plan but it is still months before it is launched and then proven.
I am not being negative here just trying to be realistic to manage my expectations. Lots could happen to trigger off the upward movement once again, A decent Dynasty update with some financial background, Buy out/IPO or possible further VC investment in Satoshipay. Certainly a successful Polkadot launch for Pendulum and PEN token with known tokenomics will put a basic valuation on Pendulum far higher than currently provided for Satoshipay, and further down the line successful monetization of Pendulum and Dapp integrations, cross chain bridges, AMM forex trading and re-launch of DTransfer.
Lots to look forward to
This is going nowhere soon. Big holder shifting a few, Del Boy in the background. Crypto likely to fall further with fed rate hikes. Silent companies.
Ragnar, thank you for your review.
Why hasn’t there been a RNS if investments have folded? In my opinion the website is misrepresentation of the portfolio which may yield a return therefore misrepresentation of what I am investing in. This may be a legal matter.
We have two eggs in one basket and both are independent companies with absolutely no obligation to report - this by it’s very nature is incredibly risky investing and we have no idea what is going on in either investment. As an example, last November Dynasty was waiting for news on twelve new contracts and would IPO/trade sale and speaking with global tech companies. In April 2021 Dynasty announced they would IPO within a year. Because they are independent there was no announcement regarding the failed IPO or sale to a tech giant and they won three of the twelve contracts which was announced. Looking at Gfinity, Guild, Mobile Streams and other listed and private gaming businesses, this sector may take a long time to mature.
Satoshipay frankly is what it is and may be the golden goose.
As far as seeing 0.15p as the bottom, we have a gun loaded with over 500m shares at our head being c375m of White’s and over 200m of Lew’s shares that, depending on their intentions, may be dumped at any time which I’m pretty sure will sink the SP further.
ACT
I see your point but I am of the opinion that they will hold until the sp recovers a little.
Then they may start taking some decent profit.
All of the dukes sale seem to have been bought by other investors. We lost a little but nowhere near as much as I thought with the timing of DL leaving and duke dropping some.
We will recover but if you’re not happy, sell up, they will be picked up by someone else, I’m sure. Maybe even you if the price drops enough as you think.
Good luck everyone invested
Ouz
That’s the trouble, we have a bounce and then a rug pull. Many shares in few hands.