RE: Semnet20 Jan 2026 10:22
I think your sums were wrong as well Billy,
Cash part: straightforward win
US$800,000 + US$300,000 = US$1,100,000 Shares part: this is where the poster goes wrong
They likely used the original US$1,000,000 valuation → total "recovery" looks like US$1,100,000 + US$1,000,000 = US$2,100,000
That's ~US$300,000 surplus over original cost (matches the ~$288k gain they claimed).But returned shares are only worth current market value:
Current GST share price ≈ 0.60p GBp
58.8 million shares × £0.006 = ≈ £353,000
Current GBP/USD rate ≈ 1.34 → ≈ US$473,000Real total recovery:
US$1,100,000 (cash/tax) + US$473,000 (current share value) = US$1,573,000Net vs original US$1,800,000:
Short by ≈ US$227,000 (not a gain)
Bottom line: the poster overstates by ~US$527,000 because they used the old $1M share valuation instead of today's much lower price. Actual outcome is closer to break-even minus a bit (or worse if price slips further), definitely not the windfall they suggest.