Member Info for Chaebol

Yes Ray I was telling everyone Argo was going from 170p to 7p

Boy did people get angry, no so much when it happened.

They made discord groups, memes all sorts went on, rage like ive never seen! but my ideas and price hit targets laser like repeatedly all the way down to 7p, when the end came, lots made contact........ I now actually speak to quite a few in real life.

You should try it Ray.

LOL good shout Kat BFD did his usual bs against us!

Time BFD is what people need against you, thats all, time.

Bfdinvestor

Posted in: GST

Posts: 11,379

RE: I think I know whats going on,Bake was never part of the plan ...yet

29 Mar 2026 10:30

With the state of Mica in Poland, it would make sense to have options
That said, I'd guess that the "minimalist" bill going through Poland now will get through, however much some posters pretend it isn't happening

Bfdinvestor

Posted in: GST

Posts: 11,379

RE: Funds are dwindling, suspect cash raise at 1p..

29 Mar 2026 20:58

And that is pre-supposing Poland will even get MICA up and running before 1 July... which they won't.

Once again perhaps you could provide the back up for this

Assuming you have it, which you wont

Https://www.reuters.com/business/finance/polish-president-vetoes-crypto-regulation-third-time-2026-06-11/

Lol who told me they would be ready before July 1 lol

Thats Poland in flames.

On a scale of 1 to 10, I know Ray loves these....where 1 is a disastrous, catastrophic failure and 10 is an excellent, flawless performance, the best legal minds on the planet would rate GSTechnologies' lapsed LEI as a 3 out of 10.

An elite corporate and regulatory legal team would break down that specific score using the following logic

Why it is not a 1 or 2 (The Saving Graces) No Automatic Trading Freeze. A lapsed LEI does not trigger an immediate, automated suspension of share trading on the London Stock Exchange Main Market. The stock can still be traded by everyday retail investors.

Purely Administrative, Its not a fundamental accounting fraud or an insolvency event.

Why it is a 3 (The Severe Compliance Damage)

Breach of Strict Listing Law, Under FCA DTR 6.2.2AR and UK MAR Article 4, maintaining an active LEI is a mandatory legal obligation for any issuer on a regulated UK exchange. Letting it remain lapsed for months is an undeniable, public governance failure.

Paralyses Capital Raising

The board cannot issue any RNS to launch an emergency capital raise, stock placing, or debt conversion because institutional brokers are legally blocked from processing the trades under UK MiFIR Article 26 ("No LEI, No Trade").

Contaminates the Subsidiary Licensing

This is the biggest hit. Under FCA COND 2.3 (Effective Supervision) and ESMA MiCA rules, regulators look at the entire group ownership chain. Having a lapsed, non-compliant parent entity gives regulators an immediate reason to freeze or reject Angra's Electronic Money Institution (EMI) application or European crypto passporting.

Awesome work and youre all cheering lol

Do you know what paperwork they have to file with Nero.

The simple question is why havent they renewed it ? If its so simple and easy.

90 days is a decision not an over sight its such good news NEro Your group is non compliant, the end.

While the London Stock Exchange (LSE RNS platform) allows them to physically type up and release basic administrative news, they cannot issue any RNS announcements that involve creating, moving, or trading financial securities while the parent LEI is lapsed [213800NWJ4UQG2R3X823].

The RNS market feed is effectively split into two distinct categories

1. 🟢 What They CAN Issue (Purely Information-Based RNS)

They can still publish announcements that only contain text and do not require clearing, settlement, or transaction reporting by market makers and brokers. This includes:Company Updates: Boardroom and director shuffles, updates on the Singapore Semnet litigation, and operational restructuring news.

Financial Reports, Delayed publication warnings or the actual release of annual and half-year results.

Holding Disclosures: Standard TR-1 forms tracking changes in major shareholder voting rights, provided no new equity is generated.

2. 🚫 What They CANNOT Issue (Financial & Capital-Raising RNS)They are blocked or severely restricted from releasing any RNS that requires institutional banks, brokers, and market makers to log transaction data under UK MiFIR Article 26 ("No LEI, No Trade").

This blocks, Placings & Subscriptions, They cannot issue an RNS announcing a new share placement to raise capital, because institutional brokers are legally barred from buying or distributing those new share blocks without an active issuer LEI.

Debt Conversions, Any RNS regarding the conversion of outstanding loan notes or bonds into new ordinary shares will be frozen at the settlement stage.Total Voting Rights Updates: If they cannot issue new shares, they cannot change their total share capital structure, blocking the standard end-of-month voting rights RNS.

RNS for New Subsidiary Acquisitions or Mergers,

If GSTechnologies attempts to buy a new fintech company or absorb an asset (similar to their previous Metapay or Semnet deals), they cannot issue a clean regulatory completion RNS.

The Reason, Under UK MAR Article 17 (Disclosure of Inside Information), any corporate acquisition RNS must clearly map out the structural connection between the parent company and the incoming entity via their data identifiers. Because a lapsed LEI locks the global reference registry, corporate brokers and legal advisors will refuse to sign off on a "Completion of Acquisition" RNS because the corporate perimeter cannot be verified electronically in the database.

Its excellent isnt it. What great news!

Why cant they renew if it so cheap and easy lol

1 more, Laters xxxxxxx

SM called it perfect

It's a CRITICAL part of GLOBAL COMPLIANCE and without it you will be impacted by the following (In order of severity);

1) Institutional Capital Freeze

2) Triggers an immediate, automated block on institutional buy orders due to global "No LEI, No Trade" compliance laws.

3) Prevents major asset managers, pension funds, and institutional brokers from executing transactions.

4) Forces automated risk software to flag the stock, capping deep capital access and shrinking the shareholder base.

5) Market Liquidity & Trading Damage

6) Restricts large-scale market-maker algorithms from smoothly processing trades.

7) Dries up average daily trading volumes, making the stock highly illiquid.

8) Widens buy/sell spreads, making the stock significantly more expensive for everyone to trade.

9) Corporate Governance & Reputation Ruin

10) Signals weak internal financial management and broken administrative controls to the public market.

11) Invites aggressive scrutiny from activist short-sellers who target sloppy corporate governance.

12) Damages board credibility with sophisticated investors who view the lapse as management laziness.

13) Funding & Restructuring Roadblocks

14) Freezes the ability to raise new capital, as underwriting investment banks will refuse to sign off on new share issues.

15) Delays mergers, acquisitions, and new debt instruments at the clearing and settlement level.

16) Regulatory Standstill

17) Risks eventual compliance inquiries, even though regulators rarely issue immediate fines or instant trading halts.

What is incorrect about it BFD

Doesnt take a genius to work out how poor governance and compliance this has gone to. You know being honest and that x;)

Anyway enjoy you weekend the verdicts are in Monday, gonna be a stormer, buy more if you can !

What was vague about the June RNS Chaebol?

You just asked me that ?

No i said the July RNS is the last email I have seen the LEI on the btc raise one.

You definitely couldnt do a raise now with lapsed LEI.

Enki get into your skull that I explained before the stay ruling that the loser pays for stay apps.

Ray actually came up wiht the best explanation on how costs are awarded but Im honest.

This LEI is woeful news for GST it stops lots of avenues of business amazed its 90 days and not fixed, seems like a big problem not an oversight.

Yes it breaches rules everytime they RNS BFD

The last LEI was on a July RNS not seen them since. If you had asked for clarity on the RDN DTR ruling would have happily provided it. Its law !

However, doing so triggers immediate technical and legal consequences behind the scenes:The Regulatory Breach Still Occurs: Under the FCA Disclosure Guidance and Transparency Rules (DTR 6.2.2AR), every issuer must supply an active LEI when archiving regulated information with the National Storage Mechanism. Submitting an RNS without an active LEI means the company is actively transmitting non-compliant, flawed meta-data directly to the market regulator.The System Flags the Filings: The LSE's systems will still broadcast the text of the announcement to the public (such as the company's FY25 delay notification or board changes). However, the backend data system will flag the transaction reference mapping as "Lapsed Reference Data" in the FCA's core tracking network.No Suspension Over the RNS Itself: The exchange will not automatically freeze trading or block an RNS submission simply because the identifier is out of date. Regulators prioritize getting inside corporate information out to investors immediately over rigid database fields

Now i know why RNS's from March have been so vague they must go through a lot of editing now lol

So apart from the 2 bvi exemptions that I mentioned, GST are not exempt and was a guess on market realities? or a load of gobbledygook and not real?

Cheers BFD.

This is compliance 101 red flag rubbish and youre all cheering the ineptitude.

You can still issue rns's where have i said you cannot issue rns ?I never said they cant issue RNS

GSTechnologies Ltd can still physically issue RNS updates even while its LEI is lapsed.

However, doing so triggers immediate technical and legal consequences behind the scenes:The Regulatory Breach Still Occurs: Under the FCA Disclosure Guidance and Transparency Rules (DTR 6.2.2AR), every issuer must supply an active LEI when archiving regulated information with the National Storage Mechanism. Submitting an RNS without an active LEI means the company is actively transmitting non-compliant, flawed meta-data directly to the market regulator.The System Flags the Filings: The LSE's systems will still broadcast the text of the announcement to the public (such as the company's FY25 delay notification or board changes). However, the backend data system will flag the transaction reference mapping as "Lapsed Reference Data" in the FCA's core tracking network.No Suspension Over the RNS Itself: The exchange will not automatically freeze trading or block an RNS submission simply because the identifier is out of date. Regulators prioritize getting inside corporate information out to investors immediately over rigid database fields

BFD whats the exemptions under BVI law please ?

Is the license lapsed yes or no ?

Why so long ?

Show me the BVI exemptions, I would love to see them.

You come up with bold statements with no facts.

Show the exemptions lol

BVI shell does nothing, show me the rules for exemption ?

Lol this is the law bfd read it

The Only True LEI Exemption: "No Trading / No Listing"A BVI holding company is only naturally exempt from an LEI if it satisfies both of the following conditions

It is a completely private entity that never trades derivatives or financial instruments.

It has no publicly listed shares or debt on any global regulated stock exchange. (this one lol )

lol You require the LEI, GST is a listed Stock , I actually think you have a problem getting/renewing it.

When Angra applies to the FCA for an Electronic Money Institution (EMI) license, regulators do not look at Angra in isolation. They enforce Group-Level Prudential Supervision.

The Specific UK Rule:, FCA COND 2.3 (Threshold Conditions: Effective Supervision).What it says: Under this statutory rule, the FCA is legally forbidden from granting a license if the applicant's "close links" (its parent company and group structure) prevent effective supervision.

A lapsed LEI at the parent level proves a structural breakdown in group compliance, giving the FCA immediate grounds to reject or freeze the EMI application.

The Specific European Rule:, ESMA MiCA Guidelines (Article 62 & 63).What it says: To get a crypto/MiCA passporting license, the regulatory guidelines explicitly mandate that the entire group ownership chain must have validated financial identifiers. If the top-tier BVI parent entity shows up as "Lapsed" in the global database, the application is automatically flagged as non-compliant and halted.

2/2

4. Group Eligibility for Subsidiary Licensing (FCA Threshold Conditions)

The argument that "the subsidiary Angra has an LEI, so the parent doesn't need one" violates basic regulatory structural checks.

* The Specific Rule: Under Schedule 6 to the Financial Services and Markets Act (FSMA)—transposed into the FCA Handbook under COND 2.3 (Effective Supervision)—the FCA is legally barred from reviewing a regulated firm (like Angra) in isolation. It must look at the close links and the entire corporate perimeter.

* The Requirement: When Angra applies for its expanded Electronic Money Institution (EMI) license or MiCA European passporting, the regulators audit the top-level parent company. A lapsed parent identifier signals an internal compliance breakdown, allowing regulators to freeze processing until the chain is fixed.

Summary Proof

GSTechnologies Ltd cannot hide behind its BVI shell status. Because it chose to float its equity on the LSE Main Market, it willingly bound itself to the FCA DTR rules and UK MiFIR standards, both of which require an active, annually renewed LEI. Leaving it lapsed since 8 March 2026 is an active, reportable infraction of standard UK listed market plumbing.

1/2

GSTechnologies Ltd absolutely must maintain an active LEI, you do not have to rely on opinion. There are strict, statutory rules written directly into UK law, the Financial Conduct Authority (FCA) handbook, and London Stock Exchange (LSE) protocols.

The legal frameworks that explicitly mandate an active LEI for GSTechnologies Ltd are detailed below

1. The FCA Disclosure Guidance and Transparency Rules (DTR)

The most direct rule forcing GSTechnologies Ltd to have an LEI belongs to the FCA’s Disclosure Guidance and Transparency Rules (DTR).

* The Specific Rule: Under DTR rules, all issuers whose securities are admitted to a regulated market (like the LSE Main Market, where GST is listed) are legally required to supply their LEI when filing any regulatory announcement.

* Why it applies to GST: Even though GSTechnologies is incorporated in the British Virgin Islands (BVI), its Home State for listing purposes is the United Kingdom because its shares are listed on the LSE. The FCA’s Electronic Submission System requires a valid LEI to automatically classify and file the company's regulatory news announcements (RNS).

2. The UK Market Abuse Regulation (UK MAR)

Because GSTechnologies is listed on a regulated exchange, it falls squarely under the jurisdiction of the Market Abuse Regulation (MAR).

* The Specific Rule: Under Article 4 of UK MAR and the accompanying ESMA-inherited guidelines, market operators (the London Stock Exchange) are legally mandated to collate and maintain an active LEI for every single issuer admitted to trading. [1]

* The System Block: The LSE must feed daily issuer reference data into the FCA's Financial Instruments Reference Data System (FIRDS). If an issuer's LEI appears as "Lapsed" in the global GLEIF database, the tracking data breaks down, creating a compliance breach for both the exchange and the issuer.

3. The "No LEI, No Trade" Rule (UK MiFIR)

The most famous rule in financial compliance is the "No LEI, No Trade" mandate, which forms the bedrock of the UK Markets in Financial Instruments Regulation (UK MiFIR).

* The Specific Rule: UK MiFIR dictates that investment firms and institutional brokers cannot execute transaction reports on behalf of a client or an issuer unless that entity has a valid, annually renewed LEI.

* The Fallout: While retail investors can buy and sell GST shares normally on a secondary broker app, institutional transactions, market-making operations, and corporate actions (like issuing new shares or converting debt blocks) require clean transaction reporting. A lapsed LEI restricts the corporate treasury from conducting certain complex financial movements smoothly.

The legal frameworks that explicitly mandate an active LEI for GSTechnologies Ltd are detailed below

1. The FCA Disclosure Guidance and Transparency Rules (DTR)

The most direct rule forcing GSTechnologies Ltd to have an LEI belongs to the FCA’s Disclosure Guidance and Transparency Rules (DTR

1/2

GSTechnologies Ltd absolutely must maintain an active LEI, you do not have to rely on opinion. There are strict, statutory rules written directly into UK law, the Financial Conduct Authority (FCA) handbook, and London Stock Exchange (LSE) protocols.

The legal frameworks that explicitly mandate an active LEI for GSTechnologies Ltd are detailed below

1. The FCA Disclosure Guidance and Transparency Rules (DTR)

The most direct rule forcing GSTechnologies Ltd to have an LEI belongs to the FCA’s Disclosure Guidance and Transparency Rules (DTR).

* The Specific Rule: Under DTR rules, all issuers whose securities are admitted to a regulated market (like the LSE Main Market, where GST is listed) are legally required to supply their LEI when filing any regulatory announcement.

* Why it applies to GST: Even though GSTechnologies is incorporated in the British Virgin Islands (BVI), its Home State for listing purposes is the United Kingdom because its shares are listed on the LSE. The FCA’s Electronic Submission System requires a valid LEI to automatically classify and file the company's regulatory news announcements (RNS).

2. The UK Market Abuse Regulation (UK MAR)

Because GSTechnologies is listed on a regulated exchange, it falls squarely under the jurisdiction of the Market Abuse Regulation (MAR).

* The Specific Rule: Under Article 4 of UK MAR and the accompanying ESMA-inherited guidelines, market operators (the London Stock Exchange) are legally mandated to collate and maintain an active LEI for every single issuer admitted to trading. [1]

* The System Block: The LSE must feed daily issuer reference data into the FCA's Financial Instruments Reference Data System (FIRDS). If an issuer's LEI appears as "Lapsed" in the global GLEIF database, the tracking data breaks down, creating a compliance breach for both the exchange and the issuer.

3. The "No LEI, No Trade" Rule (UK MiFIR)

The most famous rule in financial compliance is the "No LEI, No Trade" mandate, which forms the bedrock of the UK Markets in Financial Instruments Regulation (UK MiFIR).

* The Specific Rule: UK MiFIR dictates that investment firms and institutional brokers cannot execute transaction reports on behalf of a client or an issuer unless that entity has a valid, annually renewed LEI.

* The Fallout: While retail investors can buy and sell GST shares normally on a secondary broker app, institutional transactions, market-making operations, and corporate actions (like issuing new shares or converting debt blocks) require clean transaction reporting. A lapsed LEI restricts the corporate treasury from conducting certain complex financial movements smoothly.

The legal frameworks that explicitly mandate an active LEI for GSTechnologies Ltd are detailed below

1. The FCA Disclosure Guidance and Transparency Rules (DTR)

The most direct rule forcing GSTechnologies Ltd to have an LEI belongs to the FCA’s Disclosure Guidance and Transparency Rules (DTR

Thanks SM, Do you mind if i send this to Lithuania, Poland and Brazil authorities ?

Sent to FCA and Tim.

Thanks for this. Great find ! What a mess !

Because im honest Ray and called it for what it was, why did you try to tell me they didnt need to rns it and then they needed to rns it because they got 18k sing costs awarded.lol FFS

You won! a stay, you hear it in court now. (pending appeals) If you need to explain why thats a great advantage for you then youre not following this very closely.....(pending appeals) Doeasnt mean they rush for the settlements, it means GST won the venue and they can bring claims outside of the spa as well as in it, into court now.

Do you want me to explain some more? The appeal judge doesnt weigh evidence, evidence provided by GST is don on face value lol Janice ob was not to weigh up evidence of wrong doing in the appeal hearing, it was to clarify semnet/gst claims exists outside of the wording of the clauses in the spa.

Thats it ! you won the venue and now you won the venue you can bring in some of the cliams from the SPA etc