Member Info for Chaebol

Weird they do not mention will complement Angra EMI APP if successful, just licensing initiatives mmmmm

Small Payment Institutions (SPIs / Mała Instytucja Płatnicza) in Poland operate under a light-touch registration regime, not a full authorisation/licensing one. Unlike full Payment Institutions (KIPs) or EMIs, there is no requirement for KNF pre-approval of acquisitions, qualifying holdings, or changes in ownership. The process is essentially an entry in the KNF register, with flexible rules.

Separately, the announcement's reference to "anticipated progress of its licensing initiatives" suggests ongoing or future applications to KNF (possibly upgrading to a full Payment Institution license, expanding services, or similar) – those would require proper KNF approval in due course.

In short: no blocking KNF approval was/is needed for the acquisition or rename to complete, but the register update for the name change appears pending. This is normal timing lag/admin rather than a material issue.

And then we find out in October 2025 that Choo and Merv made all the profit of 1.75 million from that 36 m contract and the firm whoever purchased and I don't know who they are, never did biz again with Semnet and Semnet/gst don't have the client never had it.

How does that get assessed in arbi x;)

Chaebol

Posts: 10,638

Price: 0.595

No Opinion

RE: US$36 million contract1 Aug 2024 12:43

Mmmmmm thinking too much not really.

Ive tried to confirm a deal between Semnet and Ypsilon that i cannot confirm other than what GST say. Singapore Mervyn cannot confirm or deny the deal and Singapore Chris (YPsilon) has no idea of any of the companies let alone a 36 million contract. Ive tried to call GST investor relations uk number all day which transpires to be connected to a mobile that never answers...... so now i wait for tonight to wait for Australia to open so I can speak with GST.

Ive posted all thier phone numbers so that anyone else can follow suit, I find it staggering that Singapore Mervyn cannot confirm or deny this deal. Before this morning I was very positive with the future in GST, it's a big blow that I cannot seem to be able to easily verify this deal outside of GST comms and any approach to yp silon or Semnet is met with denials and silence.......and that CEO's in Singapore were so reluctant to share publicly disclosed information. This is not me thinking too much any of you can call those numbers too and do what I did, I hope i get some form of clarity from the emails I have sent gst semnet and ypsilon and will call GST Australia tonight from the UK and hopefully my concerns can be addressed correctly and not how they have been handled thus far by Singapore Mervyn and Singapore Chris and GST investor uk line that no one answers.

Lol

Lol so they told us when they ‘expect ‘ it to be signed but they won’t tell us when they have signed it, to make it legally binding………thats a mad world you’re in BFD…

I remember speaking with Mervyn Zheng in August 2024 and he was unreal, refused to give me any clarity on the 36 million contract and any clarity on semnet biz, he was a complete a hole tbh. We had a proper shouting match.

I remember the ramping crowd bigging up Merv as you were all chaebol deranged then and how right Merv was, 3 months later he was pretty much fired and then 11 months after that phone call gst went to arbitration with them, I remember saying to Thee Duke that guys up to something you can’t be that silent and bad with investors.

In a 5 minute call I worked out he was a coont, took everyone else months and a lost business to work it out lol

Would both parties signing the 'agreement' make it a material event...............

800k plus 300 plus 58 million shares being returned is a material event, they can't sit on that.

Whether procedural circumstances have happened or something else, this is now delayed.

Hahaha...............Be careful what you wish for x;)

Muldoon, thanks for the link I forgot about them listing the investment helpline number incorrectly..........x;)

Is there a price low enough for you to buy back in ?

'The single biggest swing factor for valuation table is what the Douta PFS says about annual oz + AISC + capex on Jan 26, 2026.'

Weekend will be fun x;)

Lol the investor helpline phone number you are calling is not recognised x;)

I have heard the complaints dept at GST is a fax machine.

BFD 'business had split and none of the key people were in Australia.'

Your delusion goes to no bounds...so why keep the ozzie number and corporate address if no one is there, it shouldn't be a futile exercise to ring that number, someone eventually should reply, its just good business practise.

But your chaebol derangement is so deep that its my fault and im outdated for contacting the corporate number advertised on GST website.

Lol keep going you berk......

I knew you would pivot...........Whats scary BFD is you actually think calling GST OZ is not GST.

Mayhem.

BFD, You love banging on about others 'failing to comprehend such basics' and ridicule anyone who gets details wrong... yet here you are, completely wrong about the company's own official corporate address.

Straight from GST's website today:

Corporate address: 11/125 St Georges Terrace, Perth WA 6000

Company line: +61 8 6189 8531

https://gstechnologies.co.uk/contact-us

This is the published corporate contact everywhere – LSE, Reuters, the lot. No 'business split' magically erased it.

So when someone calls the number that's publicly listed as corporate HQ, that's somehow 'wrong' or outdated? But you're the expert on company details?

If you can't even grasp the basics on the official site, how on earth is anyone supposed to take your nonstop lecturing seriously?"

BFD,

Or maybe remind me Chaetroll, why did you try to contact GST in Australia way after the business split.

You asked me this the other day and chose to ignore my reply.........The HQ I called still remains the corporate number and address on GST website so can you help me understand what youre going on about?

Cash will be king again !

The PE ratio is laughable here. And the so called perceived risk of Nigeria seems to hold it back, the only real issue was Osun state taxes debacle, and was solved sharpish with minimal costs. Most long termers here added again at those low prices, so thanks to Osun state for that !

At these current prices we make 280 million profit next year, without Douta PFS and all the other drillings going on ! Once all these catalysts absorbed and worked on, really can see this SP going to life changing amounts and who knows dividends in 2030 could be 40 50 60 p a share.

Legacy wealth investment this! thats tempered my enthusiasm a little lol

DYOR GLA

Who do i go and see about the Sement ipo 54 million valuation that was in an RNS that now has no basis in reality.

This BOD has a consisitency of saying things that do not happen.

And Lam Pek San 10% owner of Semnet is also on newly announced Management board for Angra Poland.....

Is expected to result in a recovery of profits for Semnet."

Where was this explained in the interims update, all they seem to mention are the costs, nothing to do with non compete non complete clauses, this is why I doubt its true legitimacy..... I am beginning to think Sandgrounded has a very good point about prejudicing this, with their early announcement .

Nothing is agreed until its signed. It took 15 months and 2 weeks before the due date on yearly end accounts for GST to file arbitration. 6 months prior they valued this at 54 million USD and then 6 months later doh.

My point is Tone Goh is saying this has a wide variety of clients and expects profitability, how? if you go over the accounts you can see the mess, instead of the shiny words in the RNS that have no basis in reality. The company is a hollowed out shell worth zero if the arbitration terms are agreed and signed.

Sement will require substantial funding to grow its biz, this is not what was sold to us, its liabilities already over its assets

I would hazard a guess that as its now 22nd Jan with no signed arbitration agreement, it's now in the land of new problems and 'expected' has become 'unexpected'

Financial year ended 30.09.2023

US$5,558,555 Revenue

(4,830,190) Costs

Profit $728,365

Semnet Pte. Ltd. – Financial Statements Breakdown (1 Oct 2023 – 31 Mar 2025)

Key numbers:

• Revenue US$37.78M (18-month period)

• Gross profit US$2.73M

• Net profit US$1.487M (cumulative)

But the real story is in the split:

• Pre-shareholder change (1 Oct 2023 – 31 Mar 2024, ~6 months): US$1.795M profit

• Post-shareholder change (1 Apr 2024 – 31 Mar 2025, 12 months): US$(307.6)k loss

Revenue & profitability have fallen off a cliff post-acquisition. Yet management (Goh) claims Semnet serves a “wide range of clients” – so where is the revenue from all these diverse clients in the post-acquisition period? The numbers show a sharp drop-off, swinging the business into loss.

Other red flags:

• US$100,000 capital contribution injected during the period (from zero to US$100k)

• Net liability position: liabilities exceed assets by US$52k; current liabilities exceed current assets by US$50k

• Going concern explicitly reliant on “continued financial support of its immediate holding company” Post-acquisition, this is a loss-making operation that needs ongoing parental funding to survive.

We were told this was a profitable entity and was literally an insiders deal thats gone very wrong !

This has produced around 1.7 million in revenue since we acquired it and a 300k loss so far. How did this go so bad and how much money will be required to maintain its viability.

Agreed IBAB ! All I'm trying to do at the moment is find more cash for this before the PFS is released.

Major upside coming here, Segun has given us so many clues with this Douta! and he's been impeccable throughout.