Market's view on Blue Star
Published on April 2024
- Concerns about SPHQ’s financial sustainability, predicting developers will leave once funds are depleted.
- A stock watcher mentioned the upcoming launch of Nabla on Pendulum, anticipating a positive impact on SatoshiPay’s value, despite their reluctance to invest further.
- Significant buying activity reported, with expectations of a price increase following a large purchase at a historically low price.
- Observations of increasing buying interest and potential fast market movements as investors return and a cryptocurrency bull run builds.
- Discussion about the reliability and security advantages of distributed ledger technology and smart contracts over traditional banking transactions.
- Continuing uncertainty around the actual value of SPHQ, with a stock watcher pointing out the meaninglessness of current NAV figures.
- Stock watcher skepticism on the practicality and future use of proposed software technologies by SPHQ.
- Negative outlook on Bluestar’s future, with forecasts of further decline in share value.
- Mention of a potential revival of a reverse takeover plan by BLU to capitalize on SatoshiPay’s value.
- Critique of BLU’s business strategy, suggesting the main beneficiaries are the board of directors and short-term speculators, rather than long-term investors.
- Pessimism about the future of SatoshiPay and BLU, with a call for disinvestment considering current valuations and company performance.
- A stock watcher highlighting a drastic reduction in the valuation of Dynasty, questioning the future prospects of SatoshiPay and BLU.