Member Info for Chaebol

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

Who cares Ray its real simple where thats going to, its in step 1 of procedure thats it, no prejudice on the stays, normal costs followed the event, now we see if they appeal or go to another path of procedure which they can take it to.

I dont think Zheng Zhu are near to giving up at this point, not with what GST need to come up with next couple of months, will they release those financials if no settlement is made by end of July, can they weaponise zheng zhu ? I would say yes, so do they release?

But to say a settlement is due any day now after 1 procedural loss and all that is going bad within GST is very foolish imo.

I think the next step from Zheng Zhu is an immediate procedure of time whether thats an appeal or even to low ball them in an offer to settle or other procedures they can go to, I think we gonna see far more twists and turns.

But really its called time...........and GST running out of that.

Are Zheng Zhu gonna wait for those financials end of July ?

Lol

Youve said this since Decemebr Enki give it a rest.

You think youre close to settlement, thats a dream, your in step 1 of many steps of procedure law this can go to.

Are Zheng zhu not looking at this sheet show and think buy us 5-6 months Mr procedure lawyer legal man?

Come on!

And you actually didnt want that RNS until they RNS'd it lol

They took almost a week to tell you the stays were dismissed, theyre not going to tell you until about the 19th June onwards whats going on with those appeals, takes about a week for lawyers to receive and word on, its going to be time before they RNS'd

The company is not compliant. Cant get licenses not that you could but now you actually can't.

You're almost cheering, its brilliant.

EMI any day now lol

More like an Emu any day now in........ indefinite suspension.

GLA

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3. Breach of Listing Rules and Transparency Requirements

By providing continued operational guidance to retail investors regarding the progress of these applications while the baseline identifier required to execute them remains lapsed, the Company is in potential violation of

* FCA Listing Rule 1.3.3R (and related Listing Principles): Requiring an issuer to take reasonable care to ensure that any information it notifies to a regulated market or releases to the public is accurate, complete, and not misleading.

* FCA Threshold Conditions (COND 2.4 & 2.5): Specifically regarding suitability and appropriate non-financial resources, which dictate that an authorised or listing entity must demonstrate appropriate administrative competence and sound management.

4. Action Requested

Given that the Company has operated with a lapsed LEI for over three months while issuing public updates on frozen regulatory approvals, I respectfully request that the Market Oversight and Authorisations divisions

1. Investigate whether the Company’s current public updates regarding its EU MiCA and UK EMI timelines constitute a breach of disclosure transparency rules.

2. Assess whether the ongoing administrative failure to renew its core identifier satisfies the FCA's expectations for a Main Market listed entity.

Yours faithfully,

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Dear FCA team,

I am not even appealing about the appeal yet ! Tomorrow is the day !

I am actually writing to formally submit a report concerning GSTechnologies Ltd (the "Company"), an international fintech entity whose ordinary shares are admitted to listing on the Main Market of the London Stock Exchange.

This report highlights an objective regulatory compliance failure regarding the Company's mandatory corporate identification infrastructure, which directly impacts the veracity and legal viability of recent operational updates and regulatory applications communicated to the market.

1. Evidenced Regulatory Breach: Lapsed Legal Entity Identifier (LEI)

According to public data registry records held by the Global Legal Entity Identifier Foundation (GLEIF), the Company’s mandatory LEI (213800NWJ4UQG2R3X823) fell into a "LAPSED" status on 8 March 2026.

As of the date of this letter, the LEI has remained unrenewed for over 90 days. For an issuer listed on a UK regulated market, maintaining an active, certified LEI is a fundamental component of administrative compliance under the UK Markets in Financial Instruments Regulation (UK MiFIR) framework.

2. Material Inconsistencies and Regulatory Impossibility

Despite operating with a lapsed parent-level financial identifier, the Company continues to issue market updates concerning ongoing licensing processes. A precise evaluation of UK and EU regulatory frameworks proves these tracks are structurally impeded,

* EU Markets in Crypto-Assets (MiCA) Application Track: The Company has detailed efforts to progress and reapply for a MiCA license within the European Union via its structural subsidiaries. Under Article 62(2)(a) of Regulation (EU) 2023/1114 (MiCA), an applicant entity must supply its valid Legal Entity Identifier as a mandatory statutory component of its formal application. European National Competent Authorities (NCAs) cannot legally validate, process, or grant a Crypto-Asset Service Provider (CASP) authorisation if the structural or applicant entity presents an invalid or lapsed LEI in its validation records.

* UK Electronic Money Institution (EMI) Conversion Track: The Company has communicated an active trajectory to convert or upgrade its current Authorised Payment Institution (API) framework (held under its subsidiary Angra Global) into a full Electronic Money Institution (EMI) license. Under the FCA’s Market Data Processor (MDP) validation rules and statutory authorisation standards, a valid, active LEI is a strict prerequisite for regulated firms processing transaction lines or modifying prudential permissions. The FCA's validation systems reject transactions and administrative processing for entities showing an unresolved lapsed status.

Https://mylei.in/what-happens-if-your-lei-expires/

Can they even provide the correct documents to renew, lol this is 90 days expired.

* The Legal Impact: A parent entity failing to maintain basic corporate data requirements and global operational licenses introduces immediate prudential risk. Under the FCA’s strict safeguarding rules, the regulator will assess the likelihood of intra-group financial contagion or unauthorized asset draining to support the non-compliant parent. If the applicant cannot structurally prove total isolation from a parent with multi-jurisdictional defaults, the application fails the statutory requirements of Regulation 6(c) of the EMRs.

An active LEI at the subsidiary level (Angra Limited) cannot cure or legally mask a regulatory data breach at the top of the ownership chain (GST). Under FSMA Threshold Conditions, a compliance failure by the ultimate parent undertaking automatically contaminates the subsidiary's file, creating a statutory bar to authorisation.

Non complaint for Applications

Using Angra Limited’s active LEI while the parent entity (GST) remains lapsed violates the Financial Conduct Authority’s (FCA) multi-layered prudential and structural requirements for securing an Electronic Money Institution (EMI) authorisation.

1. Mandatory Parent Disclosure and Change in Control Mandates

* The Fact, Angra Limited cannot legally isolate its application from its ownership chain. The FCA requires full disclosure of all direct and indirect controllers.

* The Statutory Rule: Under Section 178 of the Financial Services and Markets Act 2000 (FSMA), any entity with a "qualifying holding" (10% or more of the shares or voting rights) must submit a formal Controller Notification. This is implemented via the FCA PSD Corporate Form.

* The Legal Impact: GST must be declared as the ultimate parent undertaking. The form explicitly requires the regulatory identifiers of the ultimate controller. Providing a parent company identifier that returns a "Lapsed" status in the live Global Legal Entity Identifier Foundation (GLEIF) Portal automatically invalidates the database fields. This results in an immediate administrative freeze for incompleteness before the file can progress to a case officer.

2. Statutory Group Structure and Suitability Standards

* The Fact: The FCA is legally barred from evaluating an applicant subsidiary in isolation; it must assess the entire corporate perimeter.

* The Statutory Rule: Under Schedule 6 to FSMA (Threshold Conditions), specifically transposed into the FCA Handbook under COND 2.3 (Effective Supervision) and COND 2.4 (Suitability), an applicant must demonstrate that its close links do not prevent effective supervision.

* The Legal Impact: The concurrent presence of a lapsed LEI at parent level, an expired Canadian MSB registration, and an un-renewed Finferno license constitutes objective evidence of a material failure in group-wide internal controls and regulatory administrative competence. Under COND 2.4.2G, the FCA explicitly reviews the "management and conduct of the applicant's close links." A parent entity in systemic administrative default fails the fit and proper test, legally forcing the FCA to refuse the subsidiary's authorisation.

3. Capital Adequacy and Prudential Safeguarding Isolation

* The Fact: Subsidiary financial stability cannot be decoupled from parent company operational defaults under UK payment services law.

* The Statutory Rule: Under Regulations 19 to 24 of the Electronic Money Regulations 2011 (EMRs), an EMI applicant must satisfy the FCA that its capital requirements and client safeguarding mechanisms are completely insulated from third-party and group contagion.

* The Legal Impact: A parent entity failing to maintain basic corporate data requirements and global operational licenses introduces immediate prudential risk. Under the FCA’s strict safeguarding rules, the regulator will assess the likelihood of intra-group financial cont

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Underwriting and Corporate Actions

Under standard clearing and underwriting protocols, tier-1 investment banks and legal counsel cannot legally execute or sign off on prospectus filings or capital raises for an issuer whose underlying reference entity data is broken.

3. Cumulative Material Operational Risks

The market reviews these compliance omissions cumulatively. The data lapse of the parent or core entity directly coincides with verifiable registry expirations across the Group's international perimeters:MSB Canada Registration: The group’s Money Services Business (MSB) registration with FINTRAC officially lapsed at the end of May 2026 without timely renewal.Finferno Operating Status: The Finferno regulatory license path is tracking to expire at the end of June 2026, with no public data confirming renewal processing.

Formal Questions for Immediate Response

If updating an LEI is an instantaneous 24-hour administrative matter, leaving it in a "Lapsed" state while missing international licensing renewals demonstrates either an absence of internal financial controls or an intentional winding down of active entities.

Please provide direct answers to the following

Why has a mandatory regulatory identifier been permitted to remain in a "Lapsed" state on the public registry?

What is the exact timestamped schedule for the submission of the renewal fee and data re-certification to the Local Operating Unit (LOU)?

What are the specific, verified remediation actions being taken to reinstate the expired Canadian MSB registration and the expiring Finferno credentials?

Be advised that these facts are being compiled into a formal submission for the Enforcement Division of the Financial Conduct Authority (FCA) and relevant parliamentary oversight channels to address potential market misinformation and protect public market integrity.

I look forward to your prompt, factual response.

Regards,

1/2

Subject: URGENT: Formal Investor Inquiry – Systemic Regulatory Lapses, Institutional Trading Blocks, and Materially Misleading Market Information

Date: 11 June 2026

To: Tim

Investor Relations / GST PR

Tim,

I am writing to you formally in your capacity as the Investor Relations representative for the Group to demand an immediate, transparent explanation regarding a compounding series of critical regulatory non-renewals.

The public position that the company’s "Lapsed" Legal Entity Identifier (LEI) status is merely an administrative housekeeping item is contractually and operationally incorrect. In regulated financial markets, a lapsed identifier introduces structural validation failures that materially impact asset servicing, application admissibility, and secondary market trading depth.

We require immediate clarification on the following factual and statutory issues:

1. Statutory Inadmissibility of MiCA and EMI Applications

The Group has publicly signaled its intent regarding European market expansion, specifically concerning Markets in Crypto-Assets (MiCA) and Electronic Money Institution (EMI) passporting.

* The Statutory Mandate: Under Article 62(2)(a) of Regulation (EU) 2023/1114 (MiCA), any application submitted to a National Competent Authority (NCA) must contain the Legal Entity Identifier of the applicant.

* The Application Block: Under the Joint ESA Regulatory Technical Standards (RTS) on the assessment of applications for authorisation as a CASP, National Competent Authorities are legally mandated to perform an automated completeness check upon receipt of the file.

* The Technical Gate: Pursuant to the Global Legal Entity Identifier Foundation (GLEIF) data governance standards, a status of "Lapsed" denotes that the entity's reference data has not been re-certified. Because European regulatory portals use automated API hooks to validate registries, an application containing a lapsed LEI fails the mandatory completeness check automatically. It is legally impossible for an NCA to register or passport an entity with an inactive identifier.

2. Market Impact and Liquidity Restrictions Under MiFIR and MAR

Your position that the "No LEI, No Trade" rule under MiFIR Article 26 applies exclusively to investment firms identifying their clients—and not a listed issuer—confuses transactional reporting liability with issuer disclosure obligations under the Market Abuse Regulation (MAR) Article 17.

* Market-Maker Filtering: While the direct reporting penalty under MiFIR falls on the executing investment firm, institutional market-makers and liquidity providers operate under strict risk management frameworks. Automated execution algorithms utilize live GLEIF data feeds to populate counterparty data fields.

A "Lapsed" status routinely triggers automated internal system blocks, restricting market depth, widening buy/sell spreads, and preventing institutional buy-side desks from initiating new positions due to settlement r

A lapsed LEI will completely freeze or automatically block an application for a MiCA or Electronic Money Institution (EMI) license.

Under current European financial frameworks, an active LEI is no longer treated as an administrative afterthought. It is a mandatory structural prerequisite.

Here is why their lapsed status acts as an operational brick wall for securing both MiCA (Markets in Crypto-Assets) and EMI licenses:

1. The Explicit MiCA Application Mandate

Under Article 62(2)(a) of the MiCA Regulation, any firm applying to a National Competent Authority (NCA) to become a Crypto-Asset Service Provider (CASP) is legally obligated to submit its identity documentation, including its Legal Entity Identifier (LEI). Because the application requires an active code, checking a box with a status marked "Lapsed" in the public GLEIF database will result in the regulator instantly rejecting the application file for completeness before it even goes to review.

"Crucially, under Article 62 of the EU MiCA Regulation and the EBA regulatory reporting guidelines, a lapsed LEI creates an immediate technical block that freezes any potential expansion or application for a European MiCA or EMI passport, exposing the group to operational deadlock.

 

Were the posts correct Ray? No lols added.

Im not forgetting all the low iq takes from those posts, go and check the threads, BFD still telling me up to 2 weeks ago wheres the counter claims chaebol, its so dumb tbh.

Well all those researched posts I reposted from Feb 17th to April 1 became factual over time.

And all you boys can do is mock me for trying to work put whats going on here and then im getting it right in 'lots' of ways

Youll say im wrong wheres the corporate update? Ray why are they delaying it lol

All you ever do is disagree and apart from calling the the ruling wrong on the actual stay, ive been months ahead of you all..

At least I knew what was going on.

You boys are so deleuded its unreal! I will cheer when the hammer comes because its coming x

Chaebol says they need to RNS stay application result 27th May

Cue outrage!

Changed your tune when they RNS’d it. Funny that.

Lol Then everyone tried to tell me the stay dismissal was held with prejudice and an Asistrnat Registrar would force settlement on zheng Zhu Chong at 430 pm 9th June from some of you but I am the wrong one lol.

When I say applications will be filed giving indications of settlement you double down again and try and. Make this some silly court dispute when this has become an absolute nightmare they’ve failed arb med arb so if they didn’t apply to the court for consent orders and bullet proof court filed agreement they would be the dumbest plaintiffs on the planet.


Ray two question how many boosters did you take?

And why oh why no corporate update when we are owed so much material news lol

MassiveRay

Posted in: GST

Posts: 24,628

RE: Bake is Cooked

27 May 2026 10:29

Tell me chaebol as you believe in conspiracy theories and you claim the definitive rulling has already been made. What is the tape suggesting today ? Or the lack of a raise you claimed was happening to spike the sp some 3 weeks ago?

MassiveRay

Posted in: GST

Posts: 24,628

RE: Bake is Cooked

27 May 2026 10:59

So lets ask you a very simplistic question chaebol

You said if the stay application is unsuccessful it would need to be RNS'd ? As its not our application and shareholders have already been informed of the legal proceedings why would they need to rns this if nothing material has changed?

MassiveRay

Posted in: GST

Posts: 24,628

RE: Bake is Cooked

27 May 2026 10:41

Why would they need to RNS what they have already stated is happening Einstein? Its the defendants application and not ours. Jeez keep up