Member Info for Chaebol

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.

BFD,

You still have not purchased the latest Semnet accounts have you.

Laughable.

The best option would be to take them back in to treasury and cancel the shares, thats the easiest option for cancelling them, if they wanted to, otherwise its way more aggro....... Then it leaves very minimal visible traces of Semnet purchase/debacle.

Have a feeling they might need the dough tho! even if its only half a million now x;)

Angra/Metapay's focus: This Polish entity holds a Small Payment Institution (SPI) licence under Polish payment services law (MIP260/2025 status). It's geared toward traditional payments, financial intermediation, cross-border transfers, and potentially EMI-like services once approvals finish. The acquisition was pending regulatory nods, expected to complete in Q1 2026, with plans to rename it Angra Limited z o.o. and expand Angra Global's payment/forex/EMI footprint in Europe. No crypto/MiCA elements are tied to it—it's not a VASP or CASP setup.

Metapay was the purchase if EMI was successful or that was how it was portrayed by many here....as this has completed, what clarity do they have on its EMI licensing now mmmmmm

For corporate/ownership proof: Rely on the KRS entry (rejestr.io or official extract) – it's definitive and current.

For payment licence/ongoing regulatory status: Wait for KNF update (post-Q1 completion announcement from GST) or any new RNS.

The definitive public confirmation of ownership for ANGRA SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ (the rebranded Metapay sp. z o.o., KRS 0001114564) comes from the Polish National Court Register (KRS) entry on rejestr.io (or directly via the official KRS portal at ems.ms.gov.pl).Key points from the latest KRS data (updated as of 14 January 2026):Sole shareholder: ANGRA LIMITED (a UK-registered entity) holds 100% of the shares (100 units, total value 10,000 PLN, and explicitly noted as "Posiada całość akcji spółki: TAK" – possesses all shares of the company).

Beneficial owners: Includes Kay Kim Tone Goh (GST's Executive Chairman) as one of the listed beneficial owners (up to 6 are recorded, but public details are limited to this name in summaries).

Management Board: Bai Zhencong (Jack Bai, GST's CEO) as Prezes Zarządu (Chairman), and Lam Pek San as Członek Zarządu (Member). Representation: Each can act independently.

This is the official, legally binding registry in Poland for company ownership, shareholding, and control—far more authoritative than announcements or secondary sources.

Why this is definitive:KRS is the primary Polish commercial register maintained by the courts; entries are legally enforceable and updated upon formal filings (e.g., share transfers, name changes).

It shows 100% ownership by ANGRA LIMITED UK post-rename from Metapay (registered 9 July 2024, with changes effective through Jan 2026).

Its done, now just have to wait for the regulatory approval with the KNF, couple more months or so......

$10,000 plus anyone

I can imagine Trump going full Michael Corleone on Greenland, and offers Denmark nothing, then negotiates directly with Greenland citizens—promises, incentives, self-determination talk, bypassing Copenhagen entirely.

Tariffs fly, NATO fractures, protests erupt, Arctic tensions explode. That kind of sovereignty crisis? Pure rocket fuel. Fear trade goes nuclear, de-dollarization accelerates, and gold catapults toward $10k/oz—not impossible in that scenario.

Is it bad to hope for bad things? lol I don't wish for an apocalypse—I just know disorder pays.

I love volatility because it exposes the fragility of fiat systems, central bank experiments, and paper promises. I crave world uncertainty because that's when gold reminds everyone it's the real money—the one that survives empires, wars, tariffs, and trade spats. Central banks hoard it, institutions pile in, and retail folks finally wake up when equities wobble and currencies look shaky.

Just have a great feeling this train continues for a while !

GLA

$4873

Amazing. Should be another good day x;)

GLA

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

GST HQ: Still Perth, Australia 11/125 St Georges Terrace, Perth WA 6000 on their site, phone +61 8 6189 8531. Facts unchanged. What are you on about?

July 2024 outreach to HQ virtual office: "Previous owners names will call." Nada. New regime? Ghosted. We managed to get the virtual office to update new names, Unreal really...........

Proactive BOD? Laughable.

My "mistakes"? Called Easysend NY instead of Poland whoppeee dooo. Yours? Telling me the 36m valuation/accounting would "never have to be accounted for" — wrong. MiCA extension? I said it'd need an act of parliament; you claimed BoL wouldn't be "so stupid" to enforce 31 Dec then cancel next day. Today Easysend is meaningless. MiCA and that 36 million contract has had a massive effect on the company's financial outcome.

Reality: Strict miss, no bend, resubmit Q1 2026? lol, ops to Finferno Poland. Price tanked to lows of 0.35p. Which amazingly I said would hit on officail no mica news.

You all mocked my MiCA predictions and downside calls from 1.25p, and you all got MiCA timelines dead wrong. Most of your digs stem from my July 2024 research — which flagged the short setup to me before it played out.

Pseudonyms on social media.............Crazy people out there...... Privacy. BTC 2015 — BTC since 2015 still winning. Family first always. You lot mocked MiCA warnings; reality bites hard.

Keep bashing me with the mid 2024 research and Ill keep focussing on the things that are here now and matter and actually have an effect on the SP.

Lol Billy boy ! I know my letters are futile to this BOD but we keep a record of the dogs, its funny when you asked sparky to give the Lord a call and within 1 hour answers had been given that all proved to be incorrect.

Now the real reason Ive sent that letter and will continue to send it everyday is that I beleive they already have the EMI rejection, and thats why radio silence has descended upon GST again.

I have been far more explicit with the the lord and informed him who told me they had been rejected, now all he has to do is write back and confirm its not truthful....... but I don't think he can do that lol

So lets play this again 'you heard it here first ! NO EMI' 0.3p new low will be hit.

You're all welcome x

You and billy boy know fook all here, you get things worng all the time ! so don't be giving it the big one BFD,

Youve come up with more wrong takes than most here last few weeks. I'd be winding in the Magnus Magnusson you're correct Chaebol when all you've come up with is deranged takes on this company!

Good grief if it was a buy it would be labelled as a buy, how deep you boys go into delusion!

Last Sell trade

20-Jan-26 16:16:26 0.5748 128,828 Sell* 0.55 0.60 740.50 O

Mid price between .5748 to .60

You boys are unreal......

Oh dear, Ive hit a big nerve!

The rage in that tells me your losses here are staggering, hate the game Mr Rivett but not the individuals, you're an investment plum! I would do an Aerry if I were you and put your money with financial professionals. So weak of you to label me a waycist when you're just another low IQ investor here that has very limited knowledge in what they're doing, your responses go to personal when you can't dispute facts.

Another investment mug! of which there are many here.

Appreciate the concern, but I'm good above ground, whilst some are still figuring out what a UT actually is.

As for taking tomorrow off... nah, someone's gotta be around to explain basic auction mechanics when you lot get confused again. Might even get an update from my EMI chases……….

Stay salty.

"Ah yes, the classic 'uncrossing trade agreed at the ask'. Groundbreaking stuff.

Except UTs don't 'agree' with anything – they execute at the auction's equilibrium price, wherever the book actually balances. Here it printed at 0.59p (i.e. below the 0.60p ask), so if you're insisting it somehow hit the ask, that's... creative accounting. It's mid-spread at best, not some heroic buy-side ramp.

Nice try spinning it bullish though, almost convincing if you ignore how auctions actually work.

Come on Mr Rivett you must know what a UT is by now........

It's a great listen.

'We look forward to getting stuck in when the PFS is released'

Douta sounds huge !

Interesting thought.

If they have been rejected on EMI then they are in a quiet period until that news is released to us. Sparky says the Lord told him on the 23rd they are in a quiet period, how? the interims had been released and regulatory filings are only material when you know the decision.

It's not the former semnet owners fault the GST share price has collapsed.

They will give back back that precise amount of shares.