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Well we have the AGM then I believe the API announcements (favourable I hope)..
What I would love to know is the strategy in selling the service .
Best wishes schalf
Ok, thanks for clearing that up somewhat. At this point I am fully committed so whatever happens I have faith in the BOD.
@jiffy thank you
Best wishes schalf
Just to add, we aren't going to be paying WiseM Pay without an API are we? just my thoughts, again IMHO.
Schalf/All,
I may not be 100% correct re the 100m & 700m request of new shares to be issued.... however it is only with the agreement! take note ! of shareholders. PI's are in the minority as management and others hold the majority of shares.
The 100m shares are to be issued together with a 'Prospectus' subject to approval by the FCA and shareholders in order to pay, ie Consideration in legal jargon as per RNS of the 21st May.
'Consideration for the Agreement
Payment for all the software and services to be provided under the Agreement will be satisfied by the issue of 100,000,000 new ordinary shares in the Company ("New Ordinary Shares") to Wise MPay, subject to the approval of the issue of the New Ordinary Shares by the Company's shareholders at a General Meeting to be convened in due course. Additionally, in order for the Company to issue the New Ordinary Shares and for them to be admitted to trading on the Standard Segment of the Official List and on the Main Market of the London Stock Exchange the Company is required to publish a prospectus approved by the Financial Conduct Authority ("FCA"). The Company has commenced preparation of the required prospectus, which will be submitted to the FCA for approval in due course. '
The 700m shares mentioned in the AGM document,
https://www.gstechnologies.co.uk/post/gst-posting-of-annual-report-and-notice-of-agm
Resolution 7
This is a Resolution of Shareholders proposing that, in substitution for all existing
authorities previously granted, approval is given for the Company to issue up to
700,000,000 new Shares in accordance with Article 8 of the Company’s M&A, at
the Company’s discretion at such times and on such terms as the Directors deem
fit.
So, in conclusion, one might readily assume (open to question) that the maximum number of new shares issued is only ever going to be 700m, and that will include the 100m to be issued to pay for the WiseMPay collaboration for software and services etc.
Essentially what the company is doing is gaining the approval of shareholders to issue SHOULD THE NEED ARISE TO DO SO for funding required to acquire/develop new opportunities etc. That's the way I read these documents IMHO. I would not expect a placing of 700m shares any time soon, but in the first instance a issue of 100m to pay WiseM Pay for their services.
Thats my honest take from the data presented, others may have a different perspective, but I think the 700m Authority includes the 100m for WiseMPay
I believe jiffy is the best one to answer that one, I m busy professionally.
I have nt read it yet but, if they are doing 1 to 1 currency then my thoughts they will need to sell the 700,000,000 shares for that currency .
Which for transparency purposes 100,000,000 shares wise M Pay plus 700,000,0000 for shares equals an extra 800,000,000 shares on the circuit potentially.
Best wishes schalf
Just reading through the upcoming AGM document on their website - are they planning on diluting us? Or am I interpreting that incorrectly?
Oh dear , let's be nice
Best wishes schalf
Why's that Eddie are you in the Welsh valleys ?
@Eddie the share price is very low , as with all shares they up, they go down and sometimes side ways.
But tell you what,so you don't lose money and are in profit SELL
Best wishes schalf
@Eddie
' Clasping onto a hot stone, in order to cast it at someone in anger... will only hurt one person.....you'
Best wishes schalf
@Eddie well done you for being in profit and that's where GST will be taking us ,no matter how badly you troll me.
Best wishes to all share holders except a couple
Schalf :)
@novicehunter yes about most posts disappear, I do apologise, over the troll on me.
I have had a chat at QBT, some accepted I ve moved on and respected that and others wish to forget and move on.
So, hopefully we can move forward with this successful share .
Best wishes for the weekend schalf
You don’t put the time and effort into the infrastructure if you don’t completely believe the foundation and reason (API) for the infrastructure isn’t coming.
Majority of yesterdays posts seem to have disappeared Mmmmmm, looks like some people don't want to hear or can't handle the truth here !!
ONWARDS & UPWARDS
Agreed. Good post
@manofgas with respect I think people are just frustrated but the rest of your comments whole heartily agree with
Best wishes to all
Schalf
I know people are moaning saying no API news etc but.....
These guys are confident and are getting things in place behind the scenes such as websites, GSend/GS Money and whatever else and when the news arrives that we are waiting for IMO this will take off even further than some may think.
Stay Patient :-)