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I’ll take that hunch if it happens. There’s something going on, no doubt. Way too many things dropping within the last month. What happened to the portfolio companies if no Hypur Ventures ? I think big surprises coming.
Most likely we scale. Very possible Christopher Galvin stepped down recently from ENTEXS to devote more time to BLPG. Certainly he has an interest in seeing this develop. He was unable to even speak about BLPG it for nearly a year. Now that he prevailed in the lawsuit with HYPUR I wouldn't be surprised to see his name pop back up on the board with Hypur Ventures. I will not be surprised if a RM is in the works and was slowed by Covid and the lawsuit. I strongly believe Mr. Galvin came out on top of all of this as the filing suggest. All speculation on my part but we are definitely growing in a big way even if Im wrong about all this. This has many green days ahead. Extremely undervalued based on facts.
I almost always by at the ask. I see the much bigger picture here. Like I’ve always said, anything under 2 dollars PPS is a bargain . Just look at where it went on pure speculation (1.88 PPS) Now we know what Christopher Galvin said was true and people sit twiddling their thumbs . This will sky rocket . It’s in black and white on the website now. Most undervalued stock in the OTC imho .
$BLPG at its best price point ever IMHO. I can see clearly and will continue to accumulate. GLTA
Thats seems reasonable doesn't it ? Thats what Ive been trying to say that the bulk of the 6 billion dollars processed (5 billion) within the last three years and the bulk of that within two years. Major growth is why Im very excited for our company ! The definition of exponential growth and yet few see this so far it seems.
Exactly and obvious news is coming. They didn’t roll out the website that’s loaded with information concerning the huge successes that have already been accomplished behind the scenes so they could watch the PPS stagnate. Proffessionals that never leaked anything. You can bet your bottom dollar much more is coming. It’s time to raise the PPS in multiples .
Fair enough but if those “slow improvements to the balance sheet” were in any business of mine, I would say I had an exceptional if not spectacular year(s) . As far as speculation , there is only scale (bigger is better) with current business model and / or merger. GLTY Nearly limitless growth potential here !
Seriously where is the excitement here ? $BLPG has the goods and it’s all on the website. All speculation is no longer speculation with the exception of a very possible Reverse Merger ! That being the only piece of the puzzle not yet put in place. We got everything we hoped for and the last piece will be placed soon. I’m blown away that people are so blind. I’m not blind so therefore I continue to accumulate . The blind masses will eventually figure this out lol. Many must be dreaming the white shoe banks and Visa and Mastercard are going to start servicing the MJ industry anytime soon. Good luck with that.
BTW not sure what to make of it but that was me that put in the 1000 share buy and it showed as a sell when executed. My buy was set for .28 and it executed at .2201 instead and gave us the red shown. Go figure.
Try reading what I said more carefully. Perception that this RS was like the 99% of RS’s that are bad news for any investor and Couple this with lack of news and low volume and the walk down was inevitable with the benefit of hindsight . In our case as has been proven, BLPG did not begin diluting stock like the 99% do. In fact our OS has shrank. Now with the advent of news and a new website we should be secure knowing what we originally speculated on is reality. Long and strong. GLTY. Volume will come and it won’t be sell volume of any real measure.
Apparently H will need to sell more than 52 shares to drop this to the bid. Keep trying though, you can do it ! lol $BLPG
My opinion of what happened is retails perception that all Reverse Splits are bad. Frankly 99% of the time they are. This was not the case here but lack of news and perception and low volume walked this down. BLPG was under valued at the time of the RS but perception prevailed. Now we have seen there has been absolutely no dilution as some expected the wash, rinse, repeat scenario. That did not happen. In fact we had shrinkage of our OS recently which entirely blew up in the face of some. We also just recieved our long awaited web site which confirmed most if not all of what was prior speculation. Green Day’s ahead my friend. Sit back and enjoy. Volume will come and spreads will tighten and PPS will rise over time. Mark this. This is buy time on a seriously undervalued company. IMHOpinion. Here’s a prediction , new highs by end of year !
Happy Labor Day to all those that work for a living ! Past and present.
RS doesn’t “take it” anywhere.
Pure speculation brought us to $1.88. It’s no longer speculation. Green skies.
Just to be clear, I don’t mean anything nefarious or illegal. I’m talking about possible accounting tricks with Hypur Ventures specifically . I have a hard time believing compliance and transport of 6 billion cash would pay so little. Just my opinion.
LOL, you have to admit with the roll out of the new website it raises as many questions as it answers in my opinion. No matter what we are alive and doing very well. I think Mr. Galvin plans to scale now in a very big way. The stage is set fully now. All ducks in a row.
Hypur.com is all new website too. This was probably mentioned here but how long ago did that roll out ? All this happening very close together it seems. I just have a hunch we will be making some big moves and news soon. This PPS reached nearly $2 ($1.88 April 2021) dollars on speculation all these recent things were true such as $6 billion transported, processed, compliance. Also 10 major banking relationships. With growth to over 400 clients. Looks to all be in black and white now. This must be quite impressive to those who called this company a scam. Never swayed me for even a second.
Agreed but is there any way to hide it (revenue) legally into the larger Hypur Ventures through accounting tricks ? Since we are a portfolio company then why is this not a possible scenario. Something still seems very strange in total BLPG revenue versus services rendered to locations. Just my opinion.
Understand, but HYPUR is. Doesn't it seem likely that these sister companies (HYPUR and BLPG) work together in locations they can benefit each other and fully sew up the arrangement cradle to grave so to speak ?
I get your point but don't see how its possible to overlay the two in any regard. One with minimal regulation in the example contract and ours is in a highly regulated industry with the need to add compliance to the mix so needing a full accounting of every dollar from where and too. I can't imagine our individual contracts even resemble those amounts but I guess we will see. Also that particular contract doesn't mate up well with the article I provided suggesting 1% to 3% Article cut out below.
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Priority declines to reveal what it plans to charge merchants for BLUbeem, though Priore says the service will be competitively priced. Payment-industry experts estimate the going rate will be between 1% and 3% of the transaction value. That’s low enough to make it competitive with card acceptance, but the high side of the range could be too high to get merchants to bite, payments experts warn. Merchants will also pay a modest upfront monthly fee to lease the safe-like cash-storage device, according to Allen.
Seriously why did Mr. Galvin just leave ENTEXS ? Why did our CEO just step down ? Why did BLPG just roll out the new website ? Why did they finally expose their numbers ?! Why did BLPG just retire 3% of the OS ? To many coincidences ! I don’t think for one second any of this is coincidence . Big news coming. We are about to scale in a big way I think or maybe even the merger ! This will be epic ! Tick tock
But that's my point, they must do the heavy lifting and guard and transport and compliance and process. Far far more than point of sale and fin tech does. Yet fin tech is about 3% so I would expect at least the same or more> The article I provided from Brinks suggests cash is more labor and cost intensive so again Im seriously wondering how on earth we are making generally .0006 to maybe .001% ? I would have to do some better math to really figure it out but it aint much. Also Brinks is not Fintech company either and they charge 1% to 3% as stated in the article , and they have even streamlined their technology with “Blu beem” to digitize cash for deposits allowing them less pickups it seems.
I sell bitcoin and I get 2% for doing nothing so believe me I know. Something is totally wrong with this picture and I think the surprise will be well worth the wait ! I think our man Mr. Galvin is going to knock this out of the park.
Maybe he's the one holding the $180,000,000 million dollars in transportation, compliance and processing fees BLPG should have earned while processing the $6,000,000,000 BILLION DOLLARS IN CASH ! Please would some of the smart people here explain what I'm missing ?!?!?!?!? SOMETHING IS NOT ADDING UP IN A VERY BIG WAY ? THANK YOU IN ADVANCE !
Wow that’s a big scoop. I did not know he recently left entexs . Yes something is seriously brewing here. I think all revealed soon this time around. C Galvin seems to have prevailed with HYPUR so we may be completely on track for a full C. Galvin take over. There’s still at least a $150 million dollars missing from our balance sheet it would seem !!!
My opinion is we are already a billion dollar plus market cap company, its just John Q Public hasn't quite figured this out. Too funny. Green skies ahead.
So our fees are .00066 % Seriously ?!?! Aint no way on earth. That was just a generalization the fees may figure slightly higher but just to make a point that there is a huge amount of revenue somewhere. "Missing" no i doubt it's missing.
Ya think ! No doubt something is very wrong or right. I think a mountain of revenue is hidden in plain site. Within the Hypur Ventures portfolio. Our accountants only show the bare minimum. This thing is a monster already , it has to be. Please someone dispute my theories. This must be on about everyones mind that is following closely. I was struck by the disparity when the new website revealed the numbers we had only speculated on before ! Now it is there for all to see
Yes I know that but my point is where is the 60 to 180 million dollars in processing fees BLPG should have made ?!!! They (BLPG) didn't do this for practically free according to the going rate for cash processing ! We also do fed compliance above transportation and processing so we are probably closer to 3 % !
This recent article dovetails our investment and interesting the name that resembles our own (sorta) but what I found interesting is the costs associated with handling cash (within the article) which in some cases can cost more than card services. So where is the 60 to 180 million dollars in processing fees BLPG must have been allocated !?!/ Where are these fees ?!?! The math is pretty easy since we have transported and processed over 6 billion dollars in cash, not to mention other services such as full Fed compliance ! There is a lot more afoot here IMHO !
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How Brink’s Is Cashing in on Cash
Peter Lucas April 1, 2022
Bills and coins have long been off limits to processors because cash transactions are not digital. No longer.
For years, payment processors have expanded their technology stack beyond its core authorization and settlement capabilities to include an array of features to transform themselves into one-stop business-technology shops. Yet, the one part of the payments business that has eluded them is the handling of cash transactions.
That’s because cash transactions can’t be digitized and flowed into the merchant’s bank account—until now.
The Brink’s Co., which has been securely transporting cash for businesses since 1859, in December announced BLUbeem, a secure device into which merchants can deposit their daily cash proceeds onsite, have the deposit electronically recorded by Brink’s, and then receive credit for the deposit in their bank account. The cash is picked up by Brink’s at a later date.
The rollout of BLUbeem, which began in January, is being marketed to processors and point-of-sale solution providers. The technology is part of a larger strategy at Richmond, Va.-based Brink’s to evolve from being a route-based armored-car and security service to a player in the payments industry focused on digital cash payment solutions.
“Most retailers already have a digital solution to accept cards and other payments, but they don’t have a digital solution to manage cash payments, which account for a significant portion of their transactions,” Brink’s chief executive Doug Pertz said at the time of the rollout. “We have that solution, and we believe it will change the way customers and investors look at Brink’s.”
Brink’s wasted no time lining up processors to market BLUbeem. The first two are Alpharetta, Ga.-based Priority Technology Holdings Inc. and goEBt, a Marietta, Ga.-based processor operated by CDE Services Inc., which is a registered independent sales organization of Wells Fargo Bank.
Brinks’s says that, by partnering on BLUbeem, processors can not only open the door to payment volume that was previously off limits to them, they can also get a clearer picture of a client’s overall business and financial health.
“Being able to see a merchant’s cash transactions provides a more holistic view of the business, which will help processors better manage a merchant’s risk levels,” says Don Apgar, director of the Merchant Services Practice for Mercator Advisory Group. “Processors can also bundle BLUbeem with their other services and sell it as a total cash-management solution.”
While similar services are available from other cash-transport companies, they are typically restricted to deposits at a specific bank, not necessarily the merchant’s bank, according to Josh Allen, vice president of digital payments at Brink’s. “They’re not bank-agnostic” like BLUbeem, he says.
The Value Proposition
The idea of electronic cash deposits is expected to be enticing to merchants. A substantial portion of transactions are still made in cash, payments experts say, despite consumers’ steady migration to contactless payments, especially during the pandemic.
In 2020, cash’s share of all payments was 19%, down from 26% in 2019 and 2018, according to the Federal Reserve Bank of San Francisco. While cash’s share of transactions varies among individual merchants, 20% to 25% of the payments taken in by merchants in Priority Technology’s portfolio are cash, the company says.
One market segment seen as particularly ripe for BLUbeem is employers in the gig economy, according to Tom Priore, chief executive and chairman of Priority Technology Holdings.
“In the gig economy, for example, money needs to get collected and distributed to multiple parties in the value chain,” Priore says. “Digitizing cash by turning it into a bank credit increases the velocity of cash [through a company’s business], which is the value proposition.”
Other potential markets for BLUbeem include quick-service restaurants, hospitality merchants, and small retailers that sell low-ticket items, which are typically purchased in cash, Priore adds.
Priore says that partnering with Brink’s will allow Priority, which services more than 250,000 merchants, to bundle BLUbeem with its card-acceptance platform to create an end-to-end payment solution. He expects that will help improve client retention and drive growth into new channels.
Processors can also position BLUbeem as a standalone service to get their foot in the door with merchants that are happy with their current processor when it comes card processing, but that lack a solution similar to BLUbeem, Brink’s’ Allen says.
Another benefit for processors is that a service like BLUbeem can simply make for a better payment-processing experience for merchants, say outside observers. “Processors have the opportunity to help create experiences [that add] amazing value for their merchants and collect a small piece of a transaction they would [otherwise] never see, which is cash,” says Greg Cohen, chief executive of Novi, Mich.-based Fortis Payment Systems LLC.
Brink’s estimates that about 1.6 million retail locations in the United States do not have an effective solution for handling cash payments. Partnering with processors and digital payments providers will enable Brink’s to reach these merchants, the company says.
In addition, Brink’s estimates there are about 2.2. million card-accepting merchants that generate $5,000 a month, on average, in cash sales. Of those merchants, one-third are serviced by Brink’s, which makes BLUbeem a natural add-on service for them, Allen says.
“Even with increased consumer adoption of digital payments during Covid, cash is still a prominent form of payment for many merchants, and still a pain for them when it comes to handling it,” Allen says. “BLUbeem is about simplifying the handling and reconciliation of cash for merchants of all sizes.”
‘Not a Line Item’
Indeed, reducing the cost of handling cash is expected to be the key selling point for BLUbeem, payments experts say. In addition to the cost of paying an employee to handle cash, prepare it for deposit to the bank, and then transport if to the bank for deposit, there’s shrinkage, a euphemism for employee theft of cash in small denominations.
“Rarely do merchants perceive the true cost of accepting cash, and in some cases, it can cost more to accept cash than [to accept] cards,” says Ginger Schmeltzer, a strategic advisor for Aite-Novarica’s Retail Banking and Payments practice. “But merchants don’t necessarily see that cost because the cost of cash acceptance is not a line item on their balance sheet like cards.”
For processors, the key to selling BLUbeem will come down to educating merchants about the cost of handling cash, experts say. “There will need to be a lot of merchant education about how BLUbeem is a more cost-efficient solution for handling cash,” Schmeltzer adds.
Priority declines to reveal what it plans to charge merchants for BLUbeem, though Priore says the service will be competitively priced. Payment-industry experts estimate the going rate will be between 1% and 3% of the transaction value. That’s low enough to make it competitive with card acceptance, but the high side of the range could be too high to get merchants to bite, payments experts warn. Merchants will also pay a modest upfront monthly fee to lease the safe-like cash-storage device, according to Allen.
“Some merchants already charge a cash discount to encourage consumers to pay with cash, so if BLUbeem is closer in price to accepting cards, merchants are bound to question whether it is worth the cost,” says Apgar.
Payments And Banking
Payment experts are not surprised Brink’s developed the service. The company has long serviced independent ATM operators through its affiliation with PAI Inc., the largest privately held U.S. provider of ATM services. Brink’s began its relationship with PAI through an agreement to load cash into ATMs. The relationship grew to include Brink’s servicing the machines, according to Apgar, and culminated in 2021 when Brink’s acquired PAI for $213 million.
“BLUbeem is an extension of what Brink’s did for PAI before acquiring it,” says Apgar.
Brink’s acquisition of PAI, and the rollout of BLUbeem for that matter, are part of the company’s overarching plan to reposition itself as a provider of digital cash payment solutions, Brink’s says. The plan, which Brink’s has dubbed Strategy 2.0,
is receiving positive reviews. In a research note published in February, George Tong, a senior research analyst for Goldman Sachs, wrote that Brink’s “is advancing its digital cash management strategy, or Strategy 2.0, which we believe will lead to stickier, higher growth and higher margin revenue streams.”
Tong goes on to say that “[w]e estimate 85% of the 3mn+ retail and merchant locations in the U.S. do not use an outsourced cash management service, creating an attractive digital cash management market opportunity for [Brink’s].”
When it comes to the revenues Strategy 2.0 can generate for Brink’s, “Management is targeting Strategy 2.0 revenue to double to 5% of total revenue in 2022, and reach 10% of total revenue by 2024,” Tong writes.
With that background, it is not hard to envision the company adding remote deposit capture to BLUbeem, payment experts say. But Schmeltzer is quick to point out that many merchants already subscribe to a bank-operated RDC service. “Banks are competitive when it comes to RDC, but adding it to BLUbeem is a possibility,” she adds.
If nothing else, Brink’s’ foray into processing cash transactions gives it a temporary leg up in a world where banking, payments, and commerce are converging.
“Our mission is to drive the convergence of payments and banking,” says Priore, “and partnering with Brink’s brings us a component that makes that possible with cash.”
I think its pretty likely we are just behind schedule on growth that was projected back in the end of 2020 by Mr. Galvin. Between Covid and an interior struggle with Hypur founders (speculation) set his (C. Galvin) expectations back about two years. No worries because we are back on track and I believe we are about to scale in a big way. Word of mouth alone got us to over 400 accounts ! The launch of the website puts these former projections (OVER 6 BILLION $$ IN CASH PROCESSED and now over 400 Accounts) in black and white and are very impressive. We are alive and well and will soon be on track for 3,000 counters as Mr. Galvin speculated in his interview ! Green days ahead. GLTA. Something that has me perplexed is where a huge amount of revenue is ? Simple math on processing, transportation, and compliance of over 6 billion in cash (most within the last 2 years) means an extremely large amount of revenue doesn't see our (BLPG) balance sheet ? Somewhere else within the Hypur Ventures accounting ??
Thank you for the response. Then would seem to be the perfect marriage !
I also seem to remember Mr. Galvin being agreeable to a merger. Not sure if that was in his infamous October 10, 2020 interview but I remember him responding favorably.
Please enlighten me. Where do you think this goes and what do they do beyond compliance. Would they not be inside point of sale (no matter who's it is) in order to handle compliance ? How would they keep track ? Also its an obvious overlap with BLPG since we have proprietary software for compliance within the same portfolio as Simplifya
Thats quite a resume, Jefferey Katz. Very wealthy and very smart . Where Im baffled is how the Hyper Ventures portfolio companies overlap especially on compliance. I get the impression Simplifya is more on the POS side (clean side) and BLPG does the heavy lifting and dirty work of moving the cash for all portfolio companies within the Hypur Ventures umbrella and beyond. It would make perfect sense that there is a merger in our future and one or more (possibly all) within the portfolio will become the amalgamation and go public through Blue Line Protection Group. Seems to make the most sense. I have no doubt there are surprises coming. BIG SURPRISES
Yesterday was a low volume rise in PPS really no different than the low volume walk down we have experienced for many months. It shows our volatility up or down. This can increase with little effort and buying pressure but with the continuing ridiculous spreads the drop is easy too. I hope people are waking up to what this is and how undervalued BLPG is. Simply look at the last 3 or 4 yoy growth. A major increase in PPS is easily achieved here. Primed for a monster run with volume and easily into multiple dollars PPS with our share structure and above all value. Of course with a very possible merger and/or even scale news we could go parabolic . This one has many possibilities and they are all very good. GLTA LONGS !
So much just under the surface it’s almost scary ! Get your tickets or be left at the dock is my opinion but then again, I never had any doubt what is going to happen here.
10 “Major Banks” not the local savings and loans ! This is key in my opinion and set to scale. We’re talking about BOFA, Citibank , Chase etc etc. Major banks just to be clear.