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BlueStar Capital excitedly unlocking value in SatoshiPay blockchain nanopayments

Blue Star Capital plc (AIM: BLU) this morning gave DirectorsTalk its final results for the year ended 30 September 2017.

·      Net assets of £3,513,262 (2016: £1,757,165)

·      Loss for the period of £188,713 (2016: loss of £165,005)

·      Acquired a 31% shareholding in SatoshiPay Ltd, a blockchain business focused on nanopayments

·      Cash position at 30 September 2017 of £37,970 (2016: 51,184)

·      The Company raised £500,000 before expenses through a further issue of equity shortly after the year end

The Annual Report and notice of Annual General Meeting (“AGM”) will be posted to shareholders shortly and will be available to view on the Company’s website http://www.bluestarcapital.co.uk.

The AGM will be held at the offices of Cairn Financial Advisers LLP, Cheyne House, Crown Court, 62-63 Cheapside, London, EC2V 6AX on 26 March 2018 at 12.00 p.m.

 

Tony Fabrizi Chief Executive Officer of Blue Star Capital plc, commented: “The last year has seen the Company make considerable progress with the acquisition of a sizeable shareholding in SatoshiPay. The Board is confident that SatoshiPay has the potential to deliver significant value for Blue Star shareholders and it looks forward to working with SatoshiPay’s management in unlocking that value.”

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